OCR Text |
Show 1 BIG SHOWING. IThe daily papers comment most favorably fa-vorably on the annual report issued by the Salt Lake Security & Trust company. com-pany. The Herald, commenting on the f report, says: "The statement shows net earnings Tor the year of $34,420.82. an increase of CO per cent, and a net return on paid in capital of 14 per cent. The net earn-fngs earn-fngs from interest were J19.656.3S: from fees, $23,160.47." The summary of earnings earn-ings and expenses js next given in detail. de-tail. The Herald's report then adds: "During the year 2.500 new savings accounts were opened, a complete set -J ;f abstract records has been purchased and a large safety deposit system of vaults is installed and awaiting the marble for vaults ;uid staircases. As instancing the gool financial condition rf the community, the interest due and unpaid, lias decreased 20 per cent, while 'it the same time the company has as-fistwl as-fistwl .",00 families to acquire homes for themselves. After paying the regular 7 tT cent dividends the surplus and undivided un-divided profits siiow an increase of 300 pr.r cent." This large increase, added to the surplus sur-plus already accumulated, has advanced ad-vanced the value of the stock and made ;hc stockholders -orrespon"dingly happy. |