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Show Higher Beet Prices Says Sugar Official The following article appearing in the Salt Lake Tribune last Saturday, in which an ofiicinl of the Utah-Idaho Sugar company makes an encouraging encour-aging prediction for advanced prices for sugar beets for the fall harvest, will prove interesting for the growers grow-ers i" the Gunnison Valley. "The average advance on beets ov-r ov-r er the guaranteed price will be about ?3 a ton," said an official of the Utah- Idaho Sugar company yesterday, "and that will mean a distribution of some money in UUh and Idaho. There were, about 1,225,000 tons of beets raised in the two states last year, and this will mean an additional ?3,675,000 to be distributed among the beetgrowers in addition to the $5 guarantee. Of this amount, $1.23 a ton has already been sent out and another payment is expected before June 1." Over the signature of W. H. Wat-I Wat-I tis, vice president and general man- ager, the Utah-Idaho Sugar company yesterday sent the following communication com-munication to all beetgrowers: "During the past two or three weeks there has been quite a good deal of agitation in sugar circles, due largely to the goverhment's action in attempting to close the New York sugar and coffee exchange. This action ac-tion on the part of the government had a depressing effect on the market, mar-ket, but it was only temporary, since on yesterday's market imported raw sugars for July and September delivery deliv-ery sold at the highest price since the war. "It is quite apparent from the operations op-erations of the traders in sugars for future delivery that the opening price for refined produced from next year's crop of beets is likely to be the best we have had in years; hence we are sending out this advice to our growers that they may have the latest lat-est word we have received in order that they may govern themselves ac-' ac-' cordingly with respect to the growing grow-ing of beets. "For the purpose of comparison, raw sugar for September delivery last year sold at $3 per hundredweight; hundred-weight; yesterday's quotation ran up to $6.87. Based on these figures, a $10.50 price for refined sugar this fall is not at all unlikely. The first sugar we sold from last year's crop lof beets was marketed at 56.15 per bag; today we are getting $9.50, and if the balance we have on hand is sold at this price, the average for the whole crop will net you in excess ex-cess of $8 per ton for your 1922 beets. "With this in mind, it is but natural natu-ral to assume that next year's crop of beets will produce even a higher return than obtained this year. There- fore, we do not hesitate to advise our growers to plant every acre possible this year. "At the rate sales are being made and sugar is going forward to the market, we we confident that another an-other payment on last year's crop of beets will be due you by the time you are thinning the beets now being planted." |