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Show Hatch, Reed Smoot. and Paul L. Watt is, were re-elected. Directors will meet soon and elect officers. Heber J. Grant is i president of the company. j SUGAR COMPANY) SHOWS PROFITS! i SALT LAKE CITY, Utah. April 21 tl'.Hi Net Profits of the Utah-Idaho Utah-Idaho Sugar company and subsidiaries sub-sidiaries totaled $1,215,914.15 for the fiscal year ending Feb. 29, according to an annual statement to stockholders, which was in the mails today. During the year the company handled 22S.9tj5.600 pounds of sugar. sug-ar. This was in excess of the previous pre-vious year but was not equal to a normal crop as several areas controlled con-trolled by the company suffered from drouth. No seed has been imported for two years, the report said, in commenting com-menting on the success of the company com-pany policy of producing its own seed. An average of $4.80 per ton was paid for 1935 beets, as compared with $4.41 per ton the previous year. An increase in the price of beets was predicted, due to the fact that sales of sugar are at a higher level than last year. The report expressed the hope that congress would enact legislation legis-lation to maintain the quota system sys-tem on sugar which, the report said,, will permit a price level suficient to make the growing of beets profitable. Willard R. Smith, a local bank cashier, was elected a director succeeding Fred E. Smith. Other directors, Heber J, Grant, Stephen H. Love, George Albert Smith, E. O. Howard, Joseph F. Nibley, Paul F. Keyset-,- Willard T. Cannon, Orval W. Adams, J. Eastman |