Salt Lake Tribune | 1916-07-07 | Page 7 | Fifty Cents a Ton Increase Allowed

FIFTY CENTS A TON INCREASE ALLOWED An increase of 50 cents a ton for beets grown tliis season has been authorized by the directors of the Utah-Idaho .Sugar company. This is in addition to the increase in-crease announced at the close of last season and will brfng the average price of beets to approximately $F.75 a ton, and will mean the disbursement of about $400,000 by the company this fall over that of a year apo. Speaking of the action, ac-tion, of the board of directors of the company com-pany General Manager T. R. Cutler said: The action of the company in Increasing In-creasing the price over and above that already agreed on Is due to the feeling of the board that the farmers farm-ers should share In the company's prosperity. This is in line with what was promised at the stockholders' meeting last April, when President Smith's report stated that If business busi-ness conditions justified the farmers would be paid an increased rate. When the last fiscal year ended, February 29, the company had a large amount of sugar on hand, the . value of which was problematical. Now the greater part of this has been soli and the company knows where It stands, which enables it lo make the extra allotment to the farmers.