Show CANNOT r RAISES RAISE S PRICE OF BEETS NIBLEY'S VIEW 1 Assistant Manager lanager of Utah- Utah Idaho Co Says Profits I 5 Cut to Bone No Now S After a a. day ten ten ten-da trip in tho the east east- Merrill Nibley assistant manager of or ortho tho o Utah-Idaho Utah Sugar ugar company has l interned to Salt Lake lie round found Chiago Chi Chi- fasio ago wrapped in a winter storm for a time had tied up traffic r Upon being informed as to tho ac actions ac- ac bus of or agitators who are urging farmers CarmelS to refuse to grow beets Uness unI unless un un- I less ess the sugar companies agree to guarantee more than a a. ton Mr ir Sibley Nibley said f E The government go has taken over all an Cur ur sugar and is selling It for us both it Lt t home and abroad The price the is paying us is between FOI and a hundredweight The pene of selling elling including ln broker- broker I ago igo igo and arid the 2 per pet cent discount for ash lash brings the th price down to 7 not net we are ale receiving All AU Increased 81 cd i From tho the most accurate estimates we are able to obtain at this late date we find that our sugar will costis cost is the present year ear about 50 a hun hun- hundred ired dred pounds This price Is the result f t the Increased cost of labor and all rinds kinds of ot supplies which are required I In n a the manufacture of sugar Coal for or instance has risen from 75 cents to 0 29 a n. ton at the mine As we TTO u use ue e I bout tons of of coal a a. year it itan itan cian an be seen that the increase in the I r ost st of fuel Cuel alone Is stupendous t e As our sugar will vill cost us a aag aag bag ag this year based 7 i a ton for beets and a as we C will pa pay S 50 for beets next year eal this adds GO CO cents a aag aag bag ag to the cost of making sugar suar for Cor 1 91 due to additional payments to the farmer armer Assuming Assuming- that labor fuel Cuel and I I ther supplies will be bc no higher her for forus us 1915 than 1017 this would oud make our I i ugar cost 6 G a l i bag hag for 1918 S. S I 1 F Dividend Will Ill lie r ery Low I. I liL I L Now o- o if the thc government O is able to maintain the sam samo price which it has alrea fixed t-o t that wo we continue to cel about 7 U a ba bag for tor sugar this would leave Ica a profit of about 1 Si a bag bagor f or 01 r sugar This year we will produce bags bag of su sugar ar J If we secure he the same tonnage of or beets as in 1917 he the company compan make about 1500 To pay an S 8 per cent dividend m fl the amount of oC our investments are arc rl figured lr d at actual cash value alue 1 It IB is clear there there- ore ore re that at the price we wc are offering or r heets beets and antI the price that the thc govern- govern nt pays pay us f for fbi i sugar a we cannot the tile make nake an S per pei cent dividend on of actual cash value invested In In n the company tAnd nd still tome some of or the farmers listening to Irresponsible agitators a I re tc demanding hi higher prices for beetsI beets S I Clone Vest Nt factories now nos' than thane jYe We have more I we e have beets to cut and if the company com corn pany lany nr will adopt my mr suggestion su It will not ot operate the West Jor Jordan an factory during the thc year 11 but bul will tal take e euch uch such beets beet as we ne are arc already alread under obligation to take to some other r point This hl rt will ll very ery much relieve c the labor situation as il It Ib It next to impossible to Ito get factory factor help in thc tho early earl part continued Mr fr run of or the tho seasons season's ons on's run ible J 1 The price e of can cm be raised when hn the government gO raises tho price of f sugar Bug correspondingly correspondingly- Ir If It the gov go government O will take over o our factories factories operate them and fiell sugar for 57 i a a. aag SCiO a ton for than bag ag a and nd pa pay more beets and pay J a fair air return to our Stockholders on the actual cash value the they have invested we shall he be er very Jad indeed to have the government go do lo be very ven glad indeed 0 so so 80 and will sIll our handle to o have the government affairs on that basis r |