The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-10-08
U. |. COMPANY
IN new CONTRACT
Beet-growers of Terri
tory Considering Price
Schedule Submitted

. tOrySOnSlderlnG rice
Schedule Submitted
SALT LAKE, U.-A new contract
for beetgrowers, by the terms d
which It Is proposed that the farmers
be paid for their beets according to
the average price Of sugar for twelve
months instead Of four. has been pre-
pared BY the Utah-Idaho Sugar com
pany and submitted to farmers fol
their action. This course has been
taken IN response to q request from
beetgr0wers, thru James r. Beus.
chairman Of the sugar beet commit
tee OF the Utah state farm bureau.
The year proposed is fiscal one
from October 1, 1920, to October /,
1921. ~
when the last contract was
made" said Mark Austin, general ag-
ricultural superintendent of the fac
tory, last night, "the clause pertain
ing to the four months basis of set
tlement was copied from Michigan
and southern Colorado contracts,
which had been in operation for
years, and seemingly had given per-
feet satisfaction to both growers and
manufacturers. However, the COM
pany was at that time and is now
willing to make the whole year the
basis of settlement instead of the
four months" $
The communication which is being
submitted to the beetgrowers by the
company is as follows:
CLAUSE Z OF your beet contract
provides that on the Goth day of Feb
ruary, 1921, the sugar company will
compute the average New York net
cash basic price Of beet sugar for
the proceeding months of October,
November, December and January,
and will pay the growers in addition
to the minimum price an equal
amount per ton of beets that the
average net cash basic price on sugar
exceeds the amount specified in your
contract.
(The New York daily quotations Of
refined sugar are always subject to
cash discount of 2 per cent. Hence
the basic price for beet sugar means
the usual differential between beet
and cane sugar less per cent cash
disc0unt.)
"At the request Of the special SUI
gar beet committee of the Utah state
farm bureau and the committee from
Idaho, a copy of which is herewith
enclosed, we have decided to extend
to all our beetgrowers the option Of
averaging the price of sugar beets
for 1920 in so far as the additional
payment is concerned on q twelve
months average instead of four
months, as provided in the contract,
the twelve months period beginning
October, 1920, and running until
September 80, 1921. The additional
payment will be made on October 20,
1921.
1T is absolutely necessary that
each grower designate on the at
tached slip, and return same to the
company not later than October 20,
1920, whether he desires settlement
as provided In his contract or the
twelve months average basis as re-
quested by the committee"
Sugar took a decided drop in price
in Salt Lake. The decline was ap-
proximately $3.50 per hundred
weight yesterday morning and, later
in the day it dropped another SO
cents a hundredweight, making the
wholesale price to retailers $14.S0
per hundredweight.
Some sugar was sold to jobbers as
low as. $12.S2 per hundredweight,
but 1t was explained by H. o. Kraack,
assistant general manager Of the
Central Market, that this sugar was
not Of the highest duality, but was
yellow sugar, intended for cahdy
factories in the east, but, that 1t was
unloaded here at loss rather than
take chances on further loss BY ship.
ping it east in The face Of falling
prices. ,.,r,., -, tlf