Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-16
UTAH-MEXlCAN SUGAR
q LIVE STOCK co.

The Utah Mexican sugar 4 Live
Stock company OF this city promises to
pc one OF the most profitable concerns
that has placed American capital IN
Mexican Investments, and Utah people
In particular are becoming more ana
more interested in its movements. In
a short talk with Secretary j. Y. Ham,
mond today, that official was possessed
OF valuable data which ena bled him to
give clear and satisfactory expiana-
ton of the present status OF the Sugar
& Live Stock company. He said TO a
News representative: The company
was organized In August of this year,
with capital stock OF 100000 preferred
per cent. and 100000 common stock.
1t has purchased two plantations; one
containing $4,000 acres conveniently To-
Gated 10 miles west of the City OF Next
CO. ana on this sugar plantation has
been established including about 6,00C
acres OF choice sugar cane land one
thousand acres are now under cane cul-
tlyation, with crop that has now about
matured and harvesting will be com.
menced the last Of this month.
Corn Is now being harvested on the
plantation, third OF the crop going
to the company as royalty. In fact the
company VIII receive more than enough
from the crops now maturing to pay an
per cent dividend on the preferred
stock offered for sale. The company
has now more than $50 men employed
In planting cane to increase the present
acreage. AS an illustration OF the low
wages paid by the company. Secretary
Hammond turned TO the last weeks pay
roll showing that plowmen are paid Is
cents day, American money; irrigat-
ing boys receive 6la to 1914 cents a day,
same money, while the cane planters,
who are regarded az experts, receive
but % cents per day American money.
Sugar cane land properly cultivated
will produce at least four tons of sugar
to the acre. The present retail price OF
sugar In the City of Mexico is cents
per pound, American money. This
leaves a wide margin of proft, as II
only costs from one to one and half
cents per pound 70 produce the sugar.
Mexico city Is an excellent market
for drying horses. beef cattle, mutton
and farm products. The companys
property Is so near to the city that it
has the benefit Of the city markets.
The company has ,thonsn nds OF acres
of tine l,.yisins fofestx (which include
long leaved pine and oak timber. More
over, railroads are being built which
VIII cross the plantations of the com
pany and give an opportunity to market
the timber Ties sell IN Mexico Mt 80
cents each, American money, and lum.
Der brings a high price. The timber
alone VIII pay good dividends on the
entire capital stock for many years.
Recent reports from the plantation
manager assure good crops this season,
and indicate that the company viii be
In q position to pay quarterly dividend
early In the year.
Corn brings 10 cents a bushel, Ameri-
can money, and the company will ma.
terially increase the acreage for corn
next year. The land produces two crops
per year, and the best land produces as
much as $50 bushels of corn per acre
per annum The company Is gratified at
the way It's plans are working out, and
feels sure that those who purchase the
stock of the company will have an
investment that VIII pay continuous
dividends and Increase rapidly In value.
The company has just concluded the
sale OF its first block of 5 per cent stock
and Is now putting on the market a
second block OF this stock, which Is be-
Ing taken up by some Of the shrewdest
investors. The officers of the company
are: President. Heber NJ. Wells, vice
president. VIM, Nj. Roylance secretary,
James L. Hammond; treasurer. +, c.
Jensen. with a strong board OF directors
from different parts of the state ana
Offices at 3l5 and 3l6 Mccormick Block,
Salt Lake City.