The sun., 1919-05-11
BEET SUGAR NET
EARNINGS DROP
Report Shows Decrease to 81.
200,739 in the Last
Fiscal Year.
OTHER INCOME DECLINE,
Lower Production Is Indic,.
ton Of Effect Of Restric.
tions Of War Time.
OTHER INCOME DECLINE,

The annual report OF the Aner,,,,
Beet Sugar Company 70 its fiscal YEA.
ended on March 81, 1919. issued Va,
terday, shows net earnings. after dsdps
lions for expenses and taxes. OF 81 am
739. which is equivalent, after allov-h,
for dividends on the preferred stock !,
SO share on the common. The earn,
ings for the preceding year were SAM
1877. which, after deduction of prefsrr.,
dividends and reserve for depreciath,
and addition, was equal TO sloS
share on the common.
Total receipts were t7.931,7is ana
total expenditures, including taxes. 81.
731,o07. OF those receipts. s7,t713,,l
was from sugar sold, against S12,5stON
in the preceding year.
During the last fiscal year othu
incomes netted s46o.s6s and expens,
|s6,731.007 In the fiscal year Just PIE.
vious those items were respectver
s6s7,ss6. and 3l0.117.o76. The extent h,
which wartime restrictions on sugar al,
fected the company's business is shovn
in the production report, which disclose,
a decline OF 7e7,9S2 bags from that Of,
the previous year.
Appropriations for additions and I'm.
provements to factories and lands durir,
tho JGdEt THO ICpOtt bhonEb dlHOuUle0 10
S32O,976, including SS2,s96 necessary 70.
the continuation and completion Of add.
lions and improvements under way a.
the beginning of the year. A plan wa,
adopted by which land was purchase,
and homes for employees at the Oxnari
plant were built, thus adding greatly "a
the efficiency of the plant.
Referring to the restrictions place,
upon the sale of sugar during the war
ana their consequent effect on the com.
pany's business, the report OF president
Duval says:
due to restrictions in consumption
and distribution during the first thre.
months OF the manufacturing campaign
there was an unusual accumulation ana
there are still unsold 6.2S6,0 900 bag,
compared with 3,400, 900 bags a year an
These are now being gradually d..
tributed and will no doubt be dispose,
OF before the next beet production. III,
company produced 91S.662 bags in 1915.
1919. as compared with 1,6S6,s44 bag.
in 1s17-1e1s, and has on hand llo,u;,
bags at cost, against 334,346 bags a
year ago.
During the war Food AdministratOr
regulations on use and distribution o.
sugar were made effective, including
lady ~, u TouuCeu OtIneHt 10 some
classes OF manufacturers, July 81, a per
capita household allowance OF thr,s
pounds per month, later reduced to tvo
pounds, restrictions on consumption n
public eating houses, a certificate phi
which reduced and controlled sales :.
wholesalers, manufacturers and retailer
and the establishment, October !. o.
| three shipping zones. defining and limi.
ing the territory Of distribution for oil
rehners and producers. Some OF thss,
restrictions were removed November
1918, the certificate plan abolished No
vember 81. consumption given free rel
| again by December 1, followed by tn
discontinuance January .. 1919, Of IN
coming plan.
During the past winter there Ia
been an abundance Of SHOWS and RAIN
| which practically assures capacity o,
erations for the Grand Island and Rock
Ford factories. and, under continued nv
orable conditions, operation OF the Ia
Animas plant, which was kept closed la
year.
| I'm California there have been CO..
tracted 27,106 acres. an increase Owe
that harvested last year Of ] ,3e9 acres
There have been 25,061 acres pants
and II Is expected that with favorab
growing conditions there will be a suf
Client tonnage of beets harvested to IL
sure an increased production for the o,
marc factory. Chino factory. as was 4
case last year. will not be operated