OCR Text |
Show Its First Dividend. Tlio board of directors of the Utah Sugar works .held their uncling last Tuesday, and tho session was u most Interesting one. Tliisfealuio Is explained explain-ed by tho fact that tho lioard declared a dividend of fifteen per tent tlio first since tho icmpany was organized, to go to capital stock. While this is but a stock dividend, It will bo considerable encouragcuugt to the share-holders, nnd promises woll for the future of tl-o company's com-pany's business. MauagcrCutler hasarranged contracts Hiis year for about 3'500 ncrcs of sugar beets. It tho cultivation ot this area Is eucccssfnt, the quantity of beets produced produc-ed will bo nil Hint tho factory enn handlo in tho Beason of 189-1. Oitlio heetnereage 3,400 ncres nro iu Utnli nud 100 acres near Grand Junction, Colorado. Tno farmers nt Hi- latter place turnbhed n ood ijinrllty of bects-lnst- year, jousJ as. they desired to plant again this season, contra'cts wcro niado with Jliom. At tho I,uhl factory mnttcis nm comparatively com-paratively quiet at tho present time, yet nil rtork is not stopped. Tlicro nro half n dozen men engaged in making neces. sury repairs and preparing tlio factory to slurt up ot tho earliest pincticnblo date next nutumn. On the beet farm n good f iree of hands w III bo kept employed In cultivating tlio beets, nnd careful eirorls will bo mndo to improve last year's excellent condition The season thus fnr gives pronilso of favorable crops nnd tlio general outlook for the factory Is gratlfving. |