Show dairy company stockholders meet managers report shows substantial earnings for year pendleton and rowley elected to board in their annual meeting on monday night stockholders of 0 the southern utah dairy company reelected john H pendleton and thomas amenzo as members of the companas comp anys board of directors tor for two year terms and i named amed W clair rowley to succeed george stevens tor for a one year term the holdover hold over members of the board are john IV bentley and samuel abbott voting at the meeting followed a motion mot ion that the two nominees receiving the highest number ot of votes be the two year term members and the one receiving the third highest vote be the one year term member received the highest vote and pendleton and rowley tied the flip ot of a coin favored pendleton other names who were before the meeting were R L penton fenton george stevens and harrell dalton the report ot of the years business as given by manager byron AT adams showed substantial earnings by tho the company for the year with each ot of the departments manufacturing groceries and feeds contributing to tile the profit milk hauling cost the company considerably more mare than was v as collected from patrons to produce the one departmental loss 1091 in the business the question of paying a dividend to stockholders was left to the judgment ot of the ithe board oe 0 directors after some discussion which indicated sentiment about evenly divided as to paying a dividend or accumulating a stronger working capital the problem of whey disposal aih results from a ruling ot of the state board that whey can not be returned to patrons in milk cans can was also left to the boards discretion expansion ot of the business to include ther other C merchandise which patrons require particularly in the line of tools utensils and other hardware was suggested by stockholders and also the matter ot of the companas comp anys sponsoring the imports tin aln of some better dairy stock but no definite action was taken on these matters |