Show UTAH SUGAR PROFITS the utah sugar companas Comp anys report for its past fiscal year ended march is a most encouraging statement for the beet sugar industry of utah the farmers were paid for tons of beets receiving there was paid out for labor for fuel for lime rock the beets averaged 1324 per cent matter and the extraction was 1182 per cent yielding pounds ofa sugar the average price obtained for beet sugar last year was something over 5 14 cents a pound which gives a total approximating as the revenue of the utah sugar company for its fiscal year or a net profit of about not deducting interest charges or wear and tear on the plant the money invested in the industry is said to be although the capital stock and bonds are much greater but the figures indicate that with an investment of a company similarly situated could havo made a profit of nearly 33 13 1 3 per cent or in other words sugar could have been produced for 33 cents a pounds allowing six per cent interest on the capital but if ten per cent is set aside for depreciation of plant the average cost of producing a pound of beet sugar in utah reaches 4 cents which at the present price of sugar leaves a margin of 83 cent a pound |