Show SUGAR MilLS I YIE D Utah Idaho Economizes I During Lowest Period In InMany Many Years i iSALT SALT fALT LAKE LAI April A 11 11 A net nel profit of for the fiscal year ending February 28 1925 was shown In the thirty thirty fourth fourth annual report of of the di- di directors di dl directors rectors of of of the Utah-Idaho Utah Sugar SUl lr company submitted I Friday y atthe at atthe atthe the annual stockholders meeting The output of sugar for the year ear owing to the drought condi condi- conditions conditions tiona prevailing and the resulting Inset insect Infestation was the lowest in years the report saS sa'S says In showing show show- showIng showing ing a production of ot h nr n I U I CY Notwithstanding the very ry short run on diseased beets plant oper oper- operating operating operating efficiencies showed a good improvement ement over preceding years rears as evidenced by the fact that an average per day of 1390 tons ot of beets were sliced diced in excess ot of preceding years ears by the tho ho same fae- fae fac and extraction of ot sugar In InI I practically all of the mills showed a marked Improvement ement while op op- op crating labor and consumption of I op material were decreased YlIE J PAYMENTS TS I 1 I I 61 The were paid 6 Per ton ton- at the time of delivery for tor 1924 beets the report con con- continues con continues and c that time 30 cent cents additional per ton has hns been paId A liability of 11 per ton has also been established in to the balance sheet to po pay the growers the estimated further to become due as the he sugar is sold this being based on oa the price of sugar February 28 1925 and making makinI a total average payment for all aU districts of per ton J s amount will be Influenced l upward or downward as the mar mar- market market ket price of sugar fluctuates JJ LARGE GE TONNAGE During the year ear dividends to 5 per cent on the tho common stock Block and 7 1 per cent on the preferred were paid and fol- fol following fol following lowing our established policy polley re- re reserves re reserves serves have been set up to to cover depreciation of oC property 1121 COO 1127 OO having hating been charged oft off at the end of ot the period In reference to year the report says The heavy snow snow- snowfall snow fall fall during the past winter with witha It a favorable fa growing son season should produce a e p good tonnage for the 1925 campaign 00 |