Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-03-31
It Declares a Stock Dividend Of
rs Per Cent.
WlLLSPEND HALF Al MILLION
In EniarEing and Extending the In.
du''ry-A New Plant Probable Z.
In Salt Lake County.

Tho board OF dlrcc,ora Of tic Utah
Sugar company was In session this
morning and transacted number Of
specially important items OF buslnc--.
Tho INST was the declaration of a 20
per cent dividend In stock, pa able on
April 9Th. the day Of tho annual ntock-
holders meeting. to ali ntockhoi ,sru Of
record on April 9Th. Tho second wia
the definite conclusion to expend u
,ntse amount, probably not lsss than
nam million dollars In the usx, Two
yenrs' IN the extension and dcycinp-
ment OF the sugar Industry Manager
cutler was seen Immediately nf.er tlls
m"eung BY u "NcwH" reprcssrtlut...
and IN answer 70 an inquiry AZ 20 why
,he dividend had been made payable Ia
THE very successful year through
which we have Just passed. wnrrantad
the board In declaring the dividend. TO
say nothing OF the excellent Indications
for the approaching season. bu, a. the
board decided 10 enlarge the p,a q and
extend the operations gcncrally. Il vnB
amount 10 the stockholders IN stock.
and 70 reserve all the available FUNDS
Tor the new operations Of the company.
which VIII be begun during the summer,
ana which VIII require large amount
VI capital
Mr; Cutler was asked whether he
plans would take.
TWO MORE FAcToRiIss.
While the plans are not fully ana
deilnitVy inatufcd hH yet. he answered.
II can say that they contemplate
branching out conrldcrahlyno that the
annual output OF sugar by this COM
.sny VIII be very largely Increased.
The expenditures necessary TO perfect
the arrangements Will amount 70 close
upon hair a million dollars, that n.
when completed. aud the first steps will
be taken immediately. These win In
cludr another plant 10 be loo tied at
some point In Utah county 10 be put IN
readiness for this season. while II may
be late. II IN thought II can be IN opvr-
alton by the middle OF October or the
firrt OF November. Another plant Ntr
undoubtedly bc erected IN Salt Lake
county next year" .rAie
RAILROAD AND BOAT SERVICE.
"a much needed improvcmcnt.and ON,
that has been In contemplation sar
years., said he. lis the putting IA OF
railroad and boat service from the
factors across Utah lake 60 the cum-
r RAN i',ss av,n, a. psl'sse r2.2,>
work win proceed as soon na the ncucs-
Hnry surveys can be- made. This viii
obviato the necessity OF a long and OK
pcnaivc wagon haul. and VIII 10 a ubt
open M new avenue for the transpor-
tati0n Of building rock and other ma
terlai which abound In that vicinity.
for the lake service a scow viii be built.
with carrying capacity OF 70 TO 100
| tons on the deck OF which win be a
double track Of rails. permitting loaded
cars OF limo rock. etc. TO be- trans
| ported with only once handling. The
motive power VIII be n steam tug. The
total improvements considered thus far
VIII eject IA very large saving Co the
company, besides placing II IN posi-
tion to protect itself against any possl-
bic contingencies"
The meeting this morning II tho last
one that will BE- held By the present
board. the annual election occurring
| April 9Th A. there are nearly 1Ol stock
| holders In the company and as a large
attendance IL looked for. the hall on
the top floor Of the Templeton has been
engaged for the meeting,
Manager cutler leaves tonight on a
flying trip 10 Grand Junction. whore
he win meet Mr. Dyer. the bu ldcr ot
the i.ehi ogden ana oregon plants.