Show I NEW NETT SUGAR BONDS ARE BEING WELL RECEIVED According to tho local bond bonel houses participating In tho sale of or the tho Utah Idaho Sugar company first mortgage c. c 7 per cent serial gold bon bonds s. s the tho public is rapid rapidly 1 taking up this Is Issue Issue Is Is- sue and It Il is meeting with a good re re- re The Tho Utah-Idaho Utah Sugar Sus-ar com corn company pany is one of or the lar largest esl sugar beet concerns in tho the United Slates States producIng producing In ing 10 per cent of ot the thc total production of or this country country- As it is one of or the tho bigI big big- I Industrial institutions or of Utah it has aI a u I largo large follow following Ins Ins- In this state slate The Tho bonds aro are dated July Juh 1 1 1920 mat ma- ma t on Jul July 1 1 1921 and antI each cath year to 1929 inclusive and on Jul July 1 1 1930 The Tho bonds are aro Inthe in inthe inthe the denomination of or and 1000 coupon bonds or bonds r registered lster d as nM to principal redeemable at nt and Interest Inter Inter- oat est on nn any Interest date upon sixty days' days notice The company pays 2 21 6 per percent percent percent cent of or the tho normal Income tax These bonds s represent a n closed dose first mortgage on all land buildings 8 machinery ma ma- chinery and equipment except farm farmlands farmlands farmlands lands so 50 that tho they thoy may be transferred or leased to farmers If IC desired and anel subject to purchase mono mono obligations of Among AmonI other properties tho the mortgage e covers fifteen factories hIng haIng hasing has ha Ing Ing- appraised valuation exceeding 20 O.- O. I I The company Covenants to maintain Its current assets equal to at Jt least por per cent o of all liabilities including the principal amount of or this issue of or bonds at nt the time outstanding On February 28 19 1920 0 c certified public accountant statement of or the affairs of or orthe the company but adjusted d to Ji give effect ef effect ef- ef feet to this ne new financing shows a networking net networking working capital of or and total net assets of ot which are aro applicable applicable applicable ap ap- ap- ap to this issue Not Net ct profits as and anel audited actor after liberal maintenance appreciation charges and federal taxes for four our years ending February 28 a nera av averaged n era ed against a maximum In Interest interest In- In terest requirements on this Issue o of |