| Show Z C M 1 I MEETING 0 ou on thursday april ad the forty second semiannual semi annual meeting of the stockholders of Z C M I 1 was held the presidents denOr report was read it congratulated the stockholders on the success that had attended the institutions business tor the past six months the sales had not only increased but the prof pru fits flis were also in excess of what they were for the six mouths months reported a year ago the president stated that while the severe drouth of last season beamm and consequent short crop had caused some of the stores to fall a little behind in their payments yet the whole of the outstanding indebtedness owing to the institution did not exceed the sales of six weeks he referred to the addition that had been made to the branch store at ogden now completed and the remodeling of the retail floor of the same store so as to make it more suitable to the business and fully up to the requirements of the first class retail store of today at logan several improvements had been made the principal one being the erection of a cold storage cellar for storing butter eggs and such other projects which were handled in large quantities in in the main building in this city the steam heating apparatus had been entirely renewed whereas under the old system it took from fifty to seventy five pounds steam pressure to partially heat the building under the new system from two to five pounds is the extent of the steam pressure indicated and the h heating eating of the ent entire I 1 re building has baa been perfect it has been evident he said for some time past that there was urgent need of more room in many of the departments department for example he stated that the stove and hardware crockery and glassware and heavy hardware departments were very much cramped in fact needed half as much room again as it had been passable pos sable to give them while the packing and delivery rooms were not half half commensurate with the present needs all 11 the various departments and Iiii branches aches of the institution had done welt wel in the manufacturing departments mena there was produced aks of boots and shoes paira of overalls ano and about 0 abarta the total sales or he half year amounted to exclusive of the capital tal stock and reserves the liabilities clides of the institution were while the cash and merchandise on band alone aggregated or more thou than all other lia liabilities liability biliti the amount paid out oui for freight was the cash receipts for the half year were 1 the following is a statement of the te resources and liabilities merchandise on hand 02 notes receivable 72 72 accounts receivable 18 cash oil en hand 43 real estate in bialt lake city ogden logan eagle rock bock soda springs and provo 94 machinery at shoe and clothing factories and tannery 85 horses mules wagons and harness 2480 00 14 LIA BH bills and accounts payable 14 unpaid dividends temporary deposits by c customers 1698 92 orders drawn on us for merchandise at retail 98 capital stock 1009 00 reserves 44 undivided profits 37 14 A semiannual semi annual dividend of five per r cent was declared payable may ch ath it was announced that herem here m i after the dividends would be declared quarterly |
