Show THE PROVO WOOLEN FACTORY this establishment establish men located at provo the chief city of utah county is one of the permanent institutions oi of the territory it is an eight set woolen mill owned and operated by the provo manufacturing company this company compan was incorporated october 1873 with an authorized capital of divided luto shares of loo noo soo each paid up to 10 on the share making makini making the paid up capital then there here are now 4 shares held by the stockholders and they are now paid up to 56 36 per share the paid up capital being V consi consisting stin of real estate valued at machinery 66 6 grist mill 11 8 W fixtures Is 2 2068 2063 3 working capital 15 34 4 tho assets and liabilities of the com bany exclusive above as shown ey ank ani y t the e statement of the secretary september 1883 were as follows resources liabilities 97 67 showing a surplus of W 44 44 the earnings of the bustnes i for ten years october 1873 to october 1883 are as follows interest paid on ban bonds daj dividends reserves Ke serves applied to reduction of real estate improvements I 1 in movements rove ments maile made and machinery chinery yra lra put into mill and which has his been char charged ed to expense account cou con 1 total net earnings the total output of the mill for the same period often otten of ten years has been about N wages ages paid out and if the company had had the means to have driven their business the production could have been increased over 50 per cent during the season of 1983 1883 the output of the mill is placed paced at IN wages ages paid out wool consumed the company also deal la largely in wool they have shipped abs tbs to eastern markets and consumed lbs in manufacturing thus making total receipts of wool for year 10 the present year has not been favorable for the woolen interest in the united states owing to a combination of circumstances man uan many man facture rs have been forced to s sell seil their wares at less than cost of production and some of the wholesale merchants of utah have been induced to overbuy themselves in woolen goods made in the east thereby hurting themselves and our local manufactures at the same time at this writing the provo al manufacturing an company are carrying over worth of manufactured goods U zo 0 more than they should at this season of the year other states and territories are proud of their local industries and point to them with pride utah has reason to be proud of her industries built u up under peculiar difficulties an and as she becomes becomes older and business settles down as in the older states then and then only will the people of utah fully realize the tile true value of home manufactures which while creating capital will also keep it at home in circulation among the tiie people this being one of the chief and most widely felt feit benefits of local industrial enterprises |