| Show BUSINESS NOTES NOlES I The Tho board of at directors tOr of oC the Utah Sugar company met iet thu this morning Vice Ico President Thos ho II n Cutler Cuter presiding In Inthe inthe the tho absence Ihs IC of ot President l re Smith antI and Directors W V S 5 Jno Ino C Cut j I lor and Jno It n Winder being In at attendance attendance The Tho dividend wan ivee de tIC declared on tho the preferred stock payable Dec Dee 30 a unanimous vote ote of 0 the board It I was Advisable In Inthe Inthe inthe the best belt Interests of or the company to 10 discontinue the payment of dividends on common stock for tor the time being That Thit the action acton of ut tho the board had been ben generally anticipated Is I shown ehO R by the tha market quotations an on common stock toe which have h been falling faIling for several weeks we past last lodas price being 1300 I of the board hoard state that tat the Iho I passing of the dividend Is I due to sev several le leral i oral eral cIrcumstances circumstance tho the principal ones oneR being the partial I failure of or the Ilu v crop elOp In the south the low price of ot SUIT eug SUI o I nr Of and the large amount mount of or money the 4 company Is II borrowing to 00 curry carry Its J I stock of or sugar The heets het h etl hMO hae nil ni been paid for tor and anc the costs of I met but it I takes tome some I for the tho market to consume the tha supply i on hand i C 4 I TOM 1111 hunk bunk clearing el amount amounted ed oil II to 79 as ste I against 3 for tor tho thu same Namo day ca last year |
