OCR Text |
Show IOGDEN'S LATEST EIG INDUSTRY Ogden congratulates the Sperrj Flour company on the progress being made, as indicated bj the annual report made publii this week, and also on the excellent record which dates back to the time ten ( years ago when J. II Etosseter became president of the company For the fiscal year ended Jun 30 1920, the company made I,-;41(r.j I,-;41(r.j l.ai-rels id flour, or an im-rcase of 682,733 barrels as compared com-pared with tin previous year We quote from the financial statemcnl as follows: The total production of flour, feed and cereals In the company amounted to $51,371,336, as against $39,287,656 for th preceding year, or a gain ol $12,083,680, 01 ( lose to 30 per cent. After deducting the dividends depreciation, taxes and the like, $505,637 as added to the surplus account, making mak-ing a total of $1 a 10666 as of June 30, 1920 New construction work carried on during the ycai amounted to $1,545,000. This consisted of doubling the 1 a-pacity a-pacity of the plant at Spokane, ihe installation of a rice plant and warehouse at Chico and the building of a corn eleVtftor at Stockton. This is declared to be the first of its k mi I on the coasl At Ogden, Utah, e mw milling plant with n capacity of 1000 barrels a daj is under construction. The first unit of the flour mill will be 1000 barrels, but this Mil! be increased to 2500 barrels a day, as rapidly as the machinery can be placed We understand the company has elaborate plans and will bi building in Ogden oer a long period, as tins is recognized as the: most desirable place in the west for the storage of grain, the production produc-tion of flour, and the creating of a big industry based on the wheal and corn trade. |