Show semiannual SEMI ANNUAL MEETING SPLENDID CONDITION OF ZIONS cooperative mercantile institution 1 this afternoon a meeting of the stockholders of Z C M 1 I was held in the social hall hallat at which the report of the president of the institution was read and election of officers had bad and other business transacted the following financial showing lor for the fiscal halt hall year ending july was submitted RESOURCES merchandise 51 notes receivable 74 accounts receivable aia lash on hand real beal estate in salt lake city ogden logan Soda Spulga ana provo machinery at shoe and nothing clothing factories and tannery wagons 10 sets harness Ha iness oats chop teed feed and ray hay provo kanuf block liabilities bills payable Accounts Payable unpaid dividends temporary deposits by Cust customers umers 65 Outa outstanding ding orders drawn dhawn on us lor edse at retail capital stock reserves L divided Ln undivided ddn aided pi ants abw hi 61 79 Total d Cash ahm ta for the half year were were we pay a dividend divid tend of 5 per cent semiannually halt LAKE CITY october ath 1886 A careful consideration of the above figures will snow that this great mercantile concern is in a remarkably healthy sound and prosperous condition it has on hand band cash and merchandise enough to pay all its liabilities li abill 8 more than twice over leaving leavi fig its bills 8 and amounts accounts receivable real estate and a variety of other assets as an offset td its capital stock the figure put upon its real estate hb is exceedingly low its real property in salt lake is worth that amount aside asido imin from its teal real estate in ogden logan provo and soda boda springs its low estimate on its real estate indicates the conservative safe and solid methods that ahat characterize its management 1 at the meeting shares of stock were represented and the following ticket was elected by if u unanimous vote there being not a single scratch president john taylor tay lor vice dent H 8 eldredge secretary and treasurer T G webber directors george Q cannon H J grant joseph F john shar sharp moses thatcher G romney john W winder A dividend of 5 per cert ceat was declared for the halt half year and the balance of the profits was carried to the reserve tuna funa |