SUGAR: Undynamic

In its long history as a feast-or-famine business, the sugar industry has developed a quick defensive reflex: the minute prices weaken, the growers cut production. This year, a record world sugar output of 44.4 million tons is expected to top demand by 2,500,000 tons. Faced with the prospect of falling prices, such big sugar producers as Cuba and Puerto Rico are planning a slash of 20% to 30% in their 1953 output.

Last week Manhattan's Lamborn & Co., Inc., one of the top sugar brokers, called for a new set of reflexes in the trade. The trouble with the industry,...

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