Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-07-18
MAKES ONE mammoth CO.
Treasury Stock Is to be Issued
To Pay for the Ae.
QUESTION,
NEW co, LEADS ALL IN ACREAGE
Has Between ~, 600 aud $4,000 Acres
Planted Which Should Yield aoO,'
600 Tons Of Beets,

Tho sugar factory AT Blachfoot, llap
owned by the snake River Valley sugar
company, Was purchased yesterday 10y
Thomas n, cutler noilng for the Idaho
sugar company
Mr. cutler and G, s. llo,chkiaa, the
latter president Of the Snake river
Valley company met yesterday I'm chi.
rlgo and arranged the details the
broker instrumental IN bringing
them together was u, NJ, Ashton, The
1guroa NJ which tho deal was made are
not gIycn out, The telegram received
from Mr. cutler by Scoy aud Treasurer
whitney Of the Idaho company stated
that the deal had been closed, ana that
Mir cutler would proceed to New York
before returning home
The snake River Valley Sugar com.
lnny IN capitalized for 100000 issued
stock, the authorized cnptul being
100000 Of the 10000 shares Cplr
value $40 oach) outstanding Mr. cut
Ter has bought 10000 shares, supposedly
all the eastern interests the remainder
being held by Bhckfooi people.
The factory has run one season only
mud was built by capitalists from
Blnghampton, New York, who removed
their plant from that point to Black,
foot,
Tho Idaho sugar company N CAPT.
,olIsed Tor sS,oOO,Ooo, Of which sg,2Oo,OOO
Il issued and 100000 remains In the
treasury SecN and Treasurer Whit
hey statoe that the treasury stock win
~ once be sold "a nay for the new
backfoot acquisition, though how soon
the cell VIII be made cun not be deter.
mined I'll Manager cutler returns ana
!he board NJ directors has held meet.
Ing,
lly the purohntc Of the BRckfnot
plant, the Idaho Sugar company IN now
the owner Of three first class sugar
factories M the Snake river Valley,
located within a stretch Of 40 miles. VIZ,
NJ Bluckfoot, Idaho FAILS ana sugar
Guy Tho combined capacity of these
plants II LOO tons Of bopts per day,
The Bhckfool plant has from 5000
10 1000 acres Of bCots planted, the other
two about 1900 acres The total Of
.l,OOO TO 220OO acres puts the Idaho
sugar company at the head Of the list OF
hll the intorm0untdin sugar companies
" the amount Of luyd planted IN beots,
with ordinary results the company
should realize at least 100000 tons of
bets. which means the disbursement OF
pvor 5000 600 10 the farmers Of the snake
RIVER valley this fan for their beet
crop alone
SECOND PLANT TO COME LATER,
The advantages of the Bmckfoot On.
Iorprise and the Immense area of beet
lands tributary TO II, were brouRht "
The attention Of the officers Of the Idaho
sugar 60, by ELIAS :, Kmbnll and
bishop johnson of Backfoot and other
business men OF that place, They
obtained the backing Of Otah ana
,oslrrn capitalists, ana first undertook
w buy the lillckfoot factory After
considerable negotiating the deal fell
through, ana Mr. kmball and his nv.
toclntos, believing that the field was
broad enough 10 sustain a Second fac.
tory, sct about securing contracts with
Farmers, They were Immensely sue.
uessful, and IN n fow weeks had over
1000 acres signed for II IN under.
ttOod, however, that by an arrange
mont between Mossrs, Cutler, klmhnll
ma Johnson, the former guarantees 10
enlarge the Blaokloot plant and 10
build n railroad spur to the more die.
innt beet districts, In which many Of
the kimbnl a johnson contracts were
taken, 30 that the building Of the socs
md factory viii be deferred at least
,lll tho supply of bects oycr0Nos the
capacity Of the enlarged Backfoot fac
tory,
The stock Of the Idaho Sugar co.,
which has been steadily advancing Of
late on the local market, took another
bound when the news of the BacNoot
purchase became known, and stood pt
sl9st bid today with few wiling TO
Ioll