Show GAR COMPANIES DISBURSE I lO iUt I rAID rAIDI I f A M R fO c r. r P I Utah and Idaho I for ers Draw Seasons Season's Work Utah Ida ho Pases Dec Dividend various various beet sugar manufacturing manufacturing manu- manu T THE 1 companies of the intermountain section will have I distributed throughout Utah and Idaho with today's disbursements disbursements disbursements disburse disburse- ments and other minor payments to fb tobe tobe be made the enormous sum of approximately approximately These payments the major portion of or which go to the sugar beet growers of the intermountain country include the 12 a ton paid for the beets and 10 a ton additional which is ex expended expended expended ex- ex In manufacturing freight and other items of expenditure involved Inthe in inthe inthe the making of the beet sugar from the beets harvested this season With payments to farmers today pt of for beets delivered in November November No No- vember and an additional amount Of nf to be paid in January th the Utah-Idaho Utah Sugar company of ot Salt Lake will wIn have paid to sugar b beet beet t growers alone The Amalgamated Amalgamated Amalgamated Amal Amal- Sugar company of Ogden when all beet payments ments are made Will have paid out The Tle smaller manufacturing companies of Utah a and ld Idaho will expend a total of approximately approximately Officials of ot the Utah-Idaho Utah company compan estimated today that besides this gr grand nd total of paid out to the tha sugar beet growers an additional 10 a ton would be expended for fol manufacturing manufacturing manu manu- and other Items They aisa alsa estimated that the intermountain dis district district district dis- dis sugar companies would manu nanu- nanu facture from this seasons season's geet crop over pounds of ot s sugar This is said to be but 3 per cent of the total s sugar gar consumption of the United States figures showing that every person person per son in the country uses or buys pounds of sugar each year That the enormous amounts distributed distributed distri distri- buted in the intermountain country cO by byth bythe bythe th the sugar manufacturing companies will prove the financial salvation of the district is admitted by bankers who wh-o declare almost daily dally in letters to sugar company officials that the money money mon mon- ey put in circulation by their heir various corporations is a Godsend At a meeting yesterday of the di directors dim dI rectors of the Utah-Idaho Utah Sugar company company company com com- pany I it t was decided to pass tho the usual quarterly dividend due in December In a statement issued following the meeting it was said that the reason for passing the dividend was unsettled unset unset- unsettled tied market conditions and the uncertainty uncertainty of the future There are about stockholders affected This action has been taken only after aftel thorough Investigation of a all 1 phases of the situation and In order to topia pia play safe and conserve all the company's company's com- com pany's piny's available resources until the tho present crisis is passed read read- the statement It is not to be taken as asan asan asan an Indication of financial embar embarrassment embarrassment embarrass embarrass- s- s ment or lack of confidence in in- inthe the tha ability of the company to weather the current general business depression The statement went into details re regarding regarding re re- garding the production of sugar the tha o amount on an hand sales sates and the like It df declared that from the tho standpoint of operation the company will probably have the most successful year of of its history It was said that the total output will likely aggregate pound bags of of sugar or an in In- In crease or of nearly bags over last year t Another drop in the retail price of sugar was reported today and yesterday yester- yester da day daj on both the Salt Lake and O Ogden den markets The product was selling at retal as low lowas as 9 per bag of pounds Sugar manufacturing officers will not venture to predict when the market will strike bottom CR CROP P AT GARLAND Practically all the beets In the the- Garand Garland Gar Gar- land and district have been delivered at the factory factor according to a report to the he weather bureau by John P P. Holmgren Holm Holm- gren agricultural superintendent for tor Continued on Pa Page Pace c 9 9 |