The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-10-30

Although the members Of the board
III directors Of the Utah Sugar COM
pany are not proclaiming the fact to
the world, there is no denying it that
something is radically wrong with the
sugar market, and that something
seems to be the action of the Sugar
trust through the western refinery, its
Pacific coast member and agent It is
said that the trust is making such a
eiashing in rates that the local COM
pany finds itself seriously inconven-
tenced in consequence. When ap-
preached ON the subject last evening,
General Manager Cutler did not care
10 go into any detailed discussion, but
admitted that raDes were not Salts
factory and cited the fact that the
Utah rates, which are fixed by the
trust are lower than are those on the
coast and the difference comes out of
the local company. AS a general pro-
position the merchants are, greatly to
their credit, standing by the Utah fac
tory, however. and although sales are
not as heavy as they were last year
at this time. the company is not I'M
duly exercised over this fact and is
preparing to hoard its product or the
unsold portion Of it. The board takes
the position that sugar is as valuable
as gold,' said Manager Cutler, ''and
upon Ii money can be borrowed very
easily. In order that there may be no
needless sacrifice made we are prepar-
ing to store our surplus, and for this
purpose a warehouse of some 10000
bags capacity is now being finished at
lehi in the vicinity of the factory To
.IaF %, ri mr..
pounds of dry granulated sugar, and
of this amount something over one-half
has been sold, the remainder remaining
at the factory. Upon the completion of
the warehouse the surplus will be
stored and held subject to sales. The
factory is breaking ali previous rec
ords in the way of manufacture. due
10 the improved quality of the beets
and the increase in experience. There
are still some 10000 tons of beets I'M
harvested, but this weather is ripen-
ing them in splendid shape. and by
the early part of the coming month
all will have been delivered. At the
factory in the neighborhood of 10000
tons are in storage"
The board Of directors of the COM
pany were in session about two hours
yesterday aft ernoon, considering i'm
portant matte RS in connection with the
operation of the factory. but the bust
ness was not concluded, an adjourn
ment being taken until this morning at
3 O'Clock. just what the matters were
was not made public, but they evil
IDENTIFY had TO do with the question of
prices.
This matter of sugar is one Of the
greatest Importance TO the people of
the territory and naturally much in
terest is taken in anything which
touches upon the question Of rates
without exception, the general public
greatly desire to see the local COM
pany succeed in all Of its plans and
thereby make the beet sugar Industry
one Of the lea ers in the territory
Especially is this the case when il is
meeting every legitimate cut made nv
the trust and furnishing an unsur
passed article. But it is true the moo
pie are not purchasing as literally as
in years agOne, and this is cutting
down the business Of the Utah Sugar
company and increasing its surplus
product. The jobbers and wholesalers
are selling upon such small margins
2l9 cents per cwt.-that they cannot af
ford to purchase heavily on account of
the large outlay necessary and the
fear of drop in prices These are AL
so reasons why the surplus of the local
company is considerably larger than
last year at this time. Sugar is now
being sold by the sack at g.. 90G7ss
leaving the merchant but 21s cents adj
vance. This means an actual loss
when the cost of handling is figured in
Upon this basis the merchants awe
working from hand to mouth. as If
were, and buying in small lots