Show Z C M I 1 0 ON saturday eve evo wo we reported the ninth semiannual semi lemi annual meeting of the shareholders of zions operative cooperative co mercantile institution and slated stated that a dividend of live per cent for tile tho last jast half year was decla decia declared ref which left a balance of nearly three and a half per cent to bo be carried canted to the reserve fund tho the meeting was in session when wo we went t to 0 press on saturday tho reports of tho the president horace ra eldredge the superia 11 B clawson the tile secretary T G webber and the tile treasurer thos s williams read and unanimously accepted the tho following persons were elected for the thu ensuing year to the respective offices named president brigham young sen sell vice president theodore theodoro A mckean merean directors george A smith george Q cannon win jennings Jenn ingi NV 11 hooper 11 1 1 S eldridge ff B clawson david day secretary T G webber treasurer thos hams liams from tho the statistics presented it appears that the tile total cash maill receipts for tho the six months past were tho the cash disbursements 0 tro leaving a balance of cash ili in hand land of 57 the of or m merchandise diso carried by the tile institution amounted to 52 of which 19 worth was in transit purchases purchase of merchandise during the six lax months amounted to 19 upon which 79 had been paid itald to railroad and express companies for eight height fi tile tho business transacted by the institution during the ame amo period had llad aggregated or at tiie the rato rate of four and a half millions per annum the tile liabilities hawn hamn ties of or the institution wele welo 11 and tho the assets 88 80 leavin leaving an excess of tile the latter of 75 it will bencen be neen seen from froin the foregoing foie fole going that the institution is in it a coude condi i tion of health and prosperity very satisfactory to tho tile shareholders and ind tiie the community at large a six months which has xen ren a very trying time to business institutions generally resulting gulting in tiie the Eer her herious serious lous ious financial nn ancial crisis which has so greatly deranged com commeree commerce merco in ili the tho eastern sta hta states tes and had some influence though happily to a more limited extent upon business matters in tills this territory in the tile period under consideration the institution somewhat contracted theline tholine the line of credit which it had been accustomed to give among the difficulties which it 11 had met with of I 1 uie lie were tho tilo sL stagnation agnation of or business in the summer for mon months mouths seriously affecting all channels of trade the increased hi c blaed tariff on depression of business at pioche arising from mining difficult difficulties les ies arid and the tile competition in supplying I 1 that eliat district from reno neno oil on the C P 11 R 13 the N lits ifsits of large ng eibers 0 adru in mei meis B th throughout rough tilo tho territory offering gods at extremely low rates and long iong credit to inaugurate a 1 trade ti tilo sale at cost ost of overstocks of merchants in this city and tho bitter opposition arrayed incessantly a against galust tho the institution from external sources a as well ai an from froin others from which better botter things might have been bean expected all these difficulties the tion lion so far has triumphed over promptness and good faith bavo havo jis its ka dea dealings lingg mid tand all things considered it has lias made more mort rapid and satisfactory progress than thau any other othen enterprise of tile the kind ever started for the tile promotion anti and protection of the trade of or the tile territory jy the plesent outlook I 1 ic decidedly encouraging the credit of or the institution was never better than now and ic it never had a better assorted and more saleable leable sa stock of merchandise |