OCR Text |
Show I BEET SUGAR INDUSTRY That the sugar industry In the past I wo years has been hard hit has been I disclosed by the published report of (he Amalgamated Sugar company in connection with its sale of bonds. Tp to February 29, 1920, the company, com-pany, in its twelve years of operations, had net enrnings which averaged ?913,- n00 per year, after depreciation and H taxes BN. Then there was experienced the pe- j H cfod of t-lunip and the two years of, I '. 1920 and 1922 brought down the aver- age net earnings for the period of four-ieen four-ieen years to $495,000 If n duly of from 16 cents to 2i rents is applied to importations of Cu baa sugar, thero Is nothing in the way if the beet industry coming back. And, if it does, this part of Utah greatly will profit. But two more years such' ns the last two would be destructive ! I jnd the depression would be fell by all industry in the intermountaln region. ' |