PROPOSE TO DOUBLE , 01-101 STOCK Directors of Sugar Company Com-pany Call Meeting to Increase Capital. The board of directors of the TJtah-Idaho TJtah-Idaho Sugar company at a meeting yesterday yes-terday decided that a special meeting of the stockholders should be called for Tuesday, April 17, for the purpose of amending the articles of incorporation and increasing the capital stock from $10,000,000 to $20,000,000. In the event these recommendations are adopted by the stockholders two shares of the new stock will be issued for each share of the present stock, all the stock to be of a uniform class. At the conclusion of the meeting the following statement "was made by General Gen-eral Manager Thomas R. Cutler: The board of directors decided to have the special meeting of the stockholders called and to recommend recom-mend the amendment of the articles arti-cles of incorporation, doubling the stock and issuing two shares of the new stock for each arte of the old. I am pleased to say that the assets of the company will justify such R step; the earnings of the past two years, due to war prices received re-ceived for sugar and the profit realized by the company some years ago in disposing of its power plant on the Bear river, having been held in accumulation until the present time. The issue will represent actual ac-tual values, with not a dollar of water. The stockholders are to be congratulated con-gratulated on the favorable showing show-ing made in the last few vears, especially in view of the hardships through which the industry passed in 1916. The total cost of beets was heavier than ever before in our I history, due to the advances made in the price per ton and to the laree' amounts allowed the farmers whose beets were frozen, many of which are still in the ground, to say nothing noth-ing of the other increases "in the costs of production. Added to that was the fact that the beets ran about 1 per cent lower in sugar content than the year before, which entailed a heavy loss to the company. com-pany. Still another factor was the tremendous shrinkage in the beets paid for before they could be worked. This ran as high aa 11 per cent, against an average of 5 per cent in previous years. The price paid for beets during (the coming year, under the new contracts, will, of course, be much higher than last year, the basis being $7 per ton, which, with freights, shrinkage, etc., will raise the average total fronv $7.75 to $S per ton, but, in spite of this we- hope that there will be a large increase in the acreage planted, plant-ed, which, if the planting and growing grow-ing conditions are favorable and a fair crop is harvested, will enable the company to make a good showing show-ing for the year to come.