Salt Lake Telegram | 1927-12-22 | Page 10 | Minin, Oil and Financial Notes

I I Mining Oil Oi and 0 I Financial Notes I UTAH'S R STOCKS S. Depression of ot the tie stocks of the Utah- Utah Idaho Sugar company and Amalgamated Sugar company In the f 1 of a a satIsfactory satisfactory sat- sat sugar augar beet production and good goodrun goodrun goo run of ot sugar Is due eue to market conditions for the product only Utah Idaho Idabo Sugar company's prospects for tor renewing dividend divi payments on the tie common stock are not bright It I Is reported for tor the near future and Amalgamated Is la deferring payments on Us lIe ls s I I per cent preferred stock Holders of ot this thu latter later stock ratIfied ratified rat rat- the management In this action acton at the special stockholders stockholders' stockholder meeting In Ogden Wednesday when no change was as made In the board of ot directors As the tie larger large part lart of the holdings In these hese two companies Is held by Uta investors Investor the unsatisfactory condition of ot sugar lugar Is felt keenly In Utah Overproduction d of sugar In the world with Cubas Cuba's large supply of ot cane cans flooding the eastern market the whole sugar Industry Indus try Is In a depressed condition Only a asal small sal proportion n of the sugar consumed In n the United States Is grown brown In this country so that the sugar augar Industry is I faced aced with wll the condition of ot evil evi times In n spite spie of the fact that the United States is one of ot the tho tie largest Jarest Importers Importer of this product NEW lIONS HOD OFFERING The bone bond department of J. J A. A fo 1 i Co announces participation In an of of- CorIng Cering of Sinclair Crude Oil 01 5 per ver cent gold bonds bOlds selling at 18 9 The bonds are for ten and one-halt one years ears and will retire 6 0 per percent cent bonds of the com como an any pany The total Issue Is is for and Is the only funded debt of the com corn pany I MAYTAG G COMPANY Directors of or May Maytag tag company are arc ex cx at the February meeting to place the he stock on a regular 3 annual basis bais Company which utter after uter public financing In n the summer of 12 1925 1921 Inaugurated rated a 2 12 rate has bas been paying a a quarterly e extra tra of ot 25 cents since March Starch 1 1 1927 12 Sales and production are both bolh flourishing flour flour- four four- shins and the fourth quarter should be bo a record breaking period for tor both gross and net New models were Introduced Introduced introduced Intro Intro- this summer which adversely affected af- af to some extent the third quarter but which have ha e by the same token stimulated stimulated business these three months Shipments arc are currently 1400 machines machines machines ma ma- chines a day and Incoming orders order are 25 per cent In excess of this thia tion ton For tho the full ful 1027 year yea May Maytag tag should earn ear in the neighborhood of ot a ashare ashare ashare share on Its share capital comparing with will 26 last year and 27 a a share the year ear before It I Is In strong financial condition with cash cah and se securities se- se totaling approximately NEVADA D. MINE HAS bIAS JAS STRIKE I The Tle Argentine Consolidated Mines I company located near Las Vegas Nev Nov reports a a new ore slope in new lew territory territory terri terri- tory of the tie property Company has a anew anew anew new plant recently Installed that is working perfectly and a a. a crosscut has been run on the COO level to develop an ore body on that level A A