Salt Lake Tribune | 1902-04-06 | Page 4 | Sales of $4,000,000

SALES OF 4000000 Z C M I Declares Special Dividend of Two Per Cent Making Ten Per Cent for tho Tear Four million dollars represents the aggregate oil the business transacted by the Z C M L during the past year Although the expenses were enormous 245000 being paid for freight alone there was still sufficient profit to pay the regular dividend of S per cent on the capital stock of 1077000 and an extra dividend df 2 per cent making a total distribution of earnings of 107700 The major portion of this went to local capitalists These figures were contained In the report of President Smith made at the annual meeting of the stockholders stockhold-ers yesterday The report showed that the business has shown a steady Increase each year for the past five years with every Indication that the Increase will be even greater In the year Juat begun In addition to the dividends declared appropriations were made from tthe net earnings pay the cqt of alterallons now being1 made In the building and the erection of three additional stories on the north part of the building adjoining the present structure The election of officers resulted as follows Joseph F Smith president George Ronmey vicepresident Thee G Webber gecrelary A W Carlson treasurer II J Grant John Her Smith J R Winder F M Lyman H1 Dinwoodey A IT Lund P T Farns worlh W H Mclntyre J R Barnes Reed Smoot and T G Webber directors direc-tors