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Show A GOOD SHOWING. The Z. C. M. I. Directors Hpld Thlr An nual Meeting. The forty-second annual meeting of the stockholders of Zion's Co-operative Mercantile Institution w as held yesterday. yester-day. The reports read were most gratifying, grat-ifying, and show that the institution is a very successful one indeed. Sates have increased ami the facilities of this establishment have had to be enlarged. During the year the manufacturing department de-partment lias produced 100,780 pairs of boots and shoes, 150,000 pairs of overalls and about 100,000 shirts. The total sales for the half year amounted to $2,024,048.93. Exclusive of the capital stock and reserves, the liabilities of the institution we're $ii68,S42.3:j, whijo the cash and merchandise on hand alone aggregated $1,140,735.45. or $471,000 more than all other liabilities. The amount paid out for freight was $183,042.28. The cash receipts for the half year were $2,203,871.41. The following is a statement of tho resources re-sources and liabilities: RESOURCES. Merchandise on hand $1,107,058.02 Notes receiveable 17.5.021.72 Accounts receiveable 408,645.18 Cash on hand 33,077.43 Real estate in Salt Lake Cily.Ogden, Logan, Eagle Rock, Soda Springs and Provo 285,350.84 Machinery at shoe andoloth- ing factories and tannery 47,257.85 Horses, mules; wagons and harnes ; : 2,480.00 $2,129,401.14 LIABILITIES. Rills and accounts payable. $ 661,159.14 Unpaid dividends' 5.186.02 Temporary deposits by customers cus-tomers 1,698.92 Outstanding orders drawn on us for merchandise at retail... 797.98 Capital stock. . .-. . . 1,000,000.00 Reserves 320,097.44 Undivided profits 130,651.37 $2,129,491.14 . The usual divident of 5 per cent, for tho half year was declared, which is payable Jlay 5 next, and the directors have determined that hereafter quarterly, quar-terly, instead of half-yearly, dividends will be paid. |
