Deseret Evening News | 1905-12-16 | Page 108 | Utah-Mexican Sugar & Live Stock Co.

SUGAR 1 LIVE STOCK CO I The Tb Bur ju A ft Live LiveStock Stock company 01 or tuU lul city promises to tobe tobe be one of ot the most profitable concern concerns that has placed American capitol In Mexican Investments anti and Utah In 1 particular are arc ar becoming more moie ani auti more blare Interested in ho Hi Its It movements lu lii lua liia a short talk with Secretary Her J T P 1 Item Ham Hammond mond mood today that of valuable data dala enabled him to toL give u a L clear ami satisfactory toil lion of the thu status ut of the Ito Suga Huga LIve Stock Stoe company He Ito said to tl a aNous News Tim rile Thi company Ival In hi August of ot this thin year with 1 a 1 capital stuck stock 01 ot I S 8 per cent unU J stock It lias bul purchased two tso plantations outs one containing acres conveniently lo ho 75 TA milo west Vest of the City of ot Mexico co und nail on this thil a 1 sugar plantation had ha teen liten established Including about Acres atres a of at choice bulco augur sugar line cone land One On OnI thousand acres are now under cane alle cul cui I with ith n a crop has now about matured malure and tind turn harvesting citing will bo be com coin commenced the tho last of ot this manth Corn Is now nos being belnA harvested on tin tit plantation of ot tho the crop going to 10 the company a us as i royalty In fact tho the company corn pall will receive more than enough tram from corn the crops now maturing to pay Imy an 8 S Iler cent dividend on the II rete I offered for sale The fhe company nan ha now flow more moore than ISO men employed fd In planting cane to Increase the tho acreage As nn an Illustration of or the tho low wages paid by b the company Secretary Hammond turned to the last weeks pay payroll payroll roll showIng that plowmen are paid haid 15 1 rents cents n a 1 day American money mono mone ing log boys boya receive 6 13 to 12 cents a 0 day namo money m ne while tho the cane planters planter who are ure regarded an no experts receive hut 25 cents per p r day du American money mane Sugar cune cone land cultivated cultivate will produce nt at least leut four flur tons of at sugar to the acre The present retail prIce of sugar Husar In the tho City of Mexico Is 6 S cents per pound American money This leaves leaven a it wide margin of ot profit an all at It only costs cost from one line to one and und a II halt hall cents per jer pound lo o 0 produce the tho sugar ar Mexico City Is h an excellent market for Irl ln horses beef cattle mutton and farm unit products The property Is so o near to the lie city elt do that hint It hue haH the or ot tho citY markets market lb l ads of ot acres acre Include ulle long leaved pine and oak timber Morn Mora Over oer railroads tire lire being b built which will cross crolls the plantations ot of the COin com company pany tany IlIIn anti and give Io un on opportunity to market tho ito timber Ties rues leR sell In Mexico at t 50 53 cents each cacti American muney III u and lum lumber lumber ber bee brings a high price The timber limber alone will still pay lillY good gooel dividends on thu the entire capitol capital stock Block for fur many years ears Recent Kocent cent reports from coin th the plantation manager good crops crop this season and Indicate that the tue company will be beIn beIn bein In A ft position to lo pay a n quarterly dividend early In lit the year ear Corn brings brinKs 75 jl cents a 11 bushel Amen Ameri American can money and the tho company com pan will ma rna materially tonally Increase the thu acreage for corn next year car cal The Tho land produces two crops per ver year yonI and the lest best land produces as a much OH as luO l O of corn per ter acre per iter annum The company Is III at rut atthe the till way Ill Its plans are arc out anti and reels feels euro Huro that those who purchase till tho stock of ot thu company compan will have an aim Investment that w will pay pa continuous dividends aunt and Increase rapidly rapid I In value Thu company nan has Just JUHt concluded the sale sate of Its first block of 8 pr nor cent Lent stock and 1101 Is now putting on the thu market a second block blod of ot title this stock which Is be being beIng belag ing lag taken t ll en up by some of the shrewdest Investors The ocell of at the company are President Heber M r Wells elis vic president Wm M Hoy lance secretary Jams James T Hammond treasurer K F C 0 Jensen with a u strong board hoard of at directors from ruin different parts of ot the state und a nut 1111 at lit and Bloc Salt Lake City