Show FINANCE AND MINING Z C 31 Ls SemiAnnual Meeting r A 5 PER CENr DIVIDEND A Prosperous Showing Receipts of Ore and Dnjllon tocal Securities = General Mining Xovrs The semiannual meeting the stockholders stock-holders of Z C M Jt occurred at the Social Hall at 2 oclock yesterday afternoon after-noon there was a lighter attendance than usual owing of course to the absence of semiannual Conference rates on the railroads Time meeting was called to order by VicePresident William Jennings and the secretary and treasurer nTncpetlefl to read the presidents thirtysecond semiannual report for the six months ending January 31st it opens with some general references to the condition of trade and says that despite the general depression the insti tution has done very well in the six nionths which the report covers Farmers Far-mers are still without a market for their produce and the wages of laboring people rule lower than for some time past but cOnsidering all things the institution in-stitution has abundant reason to feel ratified with its hnnr 1hn n I is expressed that the worst of the de pression has passed and that with the opening of spring business matters generally i gen-erally will begin to look up The volume of trade has been as large the times I and circumstances would warrant but not so great as formerly From the de tails of the report we glean the follow ing interesting facts and figures Merchandise on hand i1419o081 This is 119791J5 less than the amount carried one year ago Seventynine percent per-cent of the merchandise on hand is paid for included in it arc home maJe oods of the following value Bootsand shoes K > 51342 Woolen goods 49S25G7 Home made soaps trunks brooms candles matches etcJ 403000 Total 4 J103W903 u Merchandise and cash on hand 11S919278 or over 65 per cent more than the sum total of all other lia bilities exclusive of the capital srock and reserve fund The amount paid for freight and express charges during the half year was 13778191 Total sales for the half year 166825699 As compared com-pared with same period the year before this amount is 18100000 less the result re-sult of the universal shrinkage The cash receipts for the half year were 177571970 The cost of selling goods 4i per cent Among the items mentioned men-tioned in the details of the expense account is taxes for the year amount ing to 1291565 The shoe factory turned oat 11590 pairs of boots and 80465 pairs of shoes at a cost of 14S51412 The tannery used 4362 hides 1157 skins and prQduced I I 5300714 worth ot sole leather buff wax upper calf and kip skips I At the clothing fetorv 5049351 worth of cot ing was manufactured thirty different kinds of garments are made there including overalls of which there were 60900 pairs tnrnek out In its manufacturing departments the Institution give employment to over 200 operatives A dividend of percent payable on and after May 5th was declared upon the capital stock to pay the dividend it will require the sum of 4999980 This amount is in the item Undivided Profits Pro-fits in the statement below the balance bal-ance will be carried to the Reserve I fund STATEMENT OF KESOCBCE3 AND LIABILITIES For the fiscal half year ending January Jan-uary 31st 1885 REsoURCES JlerclumdLo onhand1144iGO10 Notes receivable 24466725 Accounts receivable25218741 Cash on hand 4423L97 Real estateln Salt Lake City Og I den Logan Soda Springs and Prove 23112259 i Machinery at shoe and clothing i factories and tannery 33i220S2 Seventeen horse 2 mules 16 wagons 10 sets harness 10 tons pats and 4 ton bay 275600 Provo manufacturing stock 27265 Total 195501901 i JLiBILITIEJ Bills payable r > 57003229 Accounts Payable 650353 Provo Manufacturing company and others for commission goods 7505161 Unpaid dividends 3035 34 Temporary deposits by customers J411S9 = g a lr Outstanding orders drawn on us for merchandise at retail 148854 Capital stock < 9999952 Reserves 17118oo Undivided profits 6481392 Total n95501901 It is sixteen Years ago since on March 1st Zions Cooperative Mercantile Institution started in business at the Eagle Emporium corner with a capital of less than 200000 From time to time the capital has been increased to meet the growing tlimensions of the Institution until it is now only a trifle under a million dollars Mn WEBBER informed representative representa-tive yesterday that the sales of the Institution in Salt Lake nlono for the month of March were more than 10000 in excess of those for March 1881 a showing which in view of the general dulness must be taken as par i ticularly gratifying I FOBTT SHARES of Z C M I stock I changsd hands at 90 during the week the purchaser receiving the dividend TWELVE snARES of Deseret Bank stock sold at 207 The amount of the dividend declared by the Provo Bank directors was 5 percent per-cent for six months or 2500 OreandlikUion Ju The ore and > bulli6n receipts at the various banks in this city for the week 1 I ending Saturday April 4th amounted to 10457853 against 10349597 for the week previous thev were distributed as follows By WelL Fargo cI Co 9ffBars Ontario bullion 570307 2 Bars Chrisy 310000 JBbnerinc ore 400000 Total1 0416307 By JfcCornick Co 10 Cars Honauer bullion 22 39000 I 1 Car Martin ore 510000 I Queen of the Hills ore 130000 Overland ore 120000 0 Total 1 99000 Sy WalterSrotfiert 11 Bars Alice Bullion 1042546 Total shipment for week 1IH57853 The Binchnm Mammoth James Keats who his just returned from this property stated yesterday that they have three car loads of ore of different trades loaded nn rpnUv fop shipment The owners feel confident that the firstclass ore will run bettt een 100 and 190 per ton The second class they say goes about 30 The owners of the Mammoth are the Pitts Bros and Mrs James Keats The Butt Suit The big mining suit in which Walker I Bros are plaintiffs was called in court at Butte on the 3d bat was continued until the September term Careen Bolivar Roberts informs us that everything continues to look most promising at his property and twenty men are kept steadily employed Some ore is shipped to this market but large quantities are stored on the dump pending the time when a suitable rate can be obtained from the railroad to justify the company in shipping to Colorado Col-orado where the copper product of the mine finds a market The Lead Mine The usual force is kept at work but no new developments are to be recorded re-corded The indications seem to shift from promising to unpromising with each report sent clown Horn Silver lnquiry yesterday afternoon At thr office elicited the fact that the force of men at the mine was still pecking away and that there was nothing known as to the period when work on the old large scale would be resumed Beck and Eureka Both properties Seep up the usual i amount of work and the usual heavy shipments The settlement of their dispute seems no hearer than ever though the debatable ground does not affect the workings of either mine There is a heavy body of ore in it however how-ever and the party winning the suit I will have gained a substantial victory I j Time Sampson I Twentytwo tons and ahalf from the j I mine down the week and came during an i I were sold yesterday to Mr Hanauer j the net amount bought being something I over 1500 the result of fifteen days i work A reporter of Tun HERALD j learned that it was now daily expected that the workmen the tunnel would strike the water II Alice The stock was last quoted in Jew York at 190 Ontario Twentyfive shares changed hands in New York between March 21st and 27th at 1733 the latest quotation known |