Show Z C M I REPORT The report made at the fifty annual first fifty semi annual meeting of the en ri of Zions Zion's Zion u operative Co-operative I Mercantile Mercantile tile Ile Institution In by President Wood Wood- Woodruff Woodruff ruff contains contain matter which calls calli for thoughtful con consideration on the part of all lithe the people of Utah it the first fint place of hopefulness for tor the future of our Territory immediate as a well ai as die die- a business point of ot view and second of suggestions where marked Improvement can be made in advancing ad vane vane- ing inIE those thole interests which insure pros pros- prosperity parity at home bome From if lie position as the leading business establishment in 10 inthe inthe the Rocky Mountain region the atti atti- attitude attitude tude in which Z C M I finds findl find itself Is Isa isa a sure cure index of tb the foremost t move ments in mercantile matters matter President Woodruffs Woodruff report opens with the welcome announcement that there has bas been a perceptible change in iD inthe the general tone of ot affairs for the bet better bet bet- better better ter and that the outlook Is in quite en- en encouraging encouraging en encouraging there is i a gradual advance In the condition of ot trade today that thatis tb t JI is more healthy than any spasmodic J could be because of if Its promise of permanence The business bu man says ay the report cares c rei little about the tariff law Jaw being a compromise measure so o long Jong ai as it removes uncertainty from the commer commer- commercial dial cial situation It Is pointed out that the direct effects effect of the new tariff measure have bave not been felt here yet et and a suggestion tion is 18 ma made e of ot the advantages that would accrue if it tariff agitation were removed from politics Coming g to the Income tax provision of that l ii is called to the effect it fa will have on do the institution which will be he b to call for taxes annually to tb the amount of about 2000 The effect of e the July labor s strikes on business bull Is noted when by the the taU fail failure fail failure ure of the railways to deliver eliver freight the took stock of staple goods goode ran low the customers of the institution were kept supplied with there theme e however including sugar though for a time in diminished quantities In ID this connection there is ie pointed out the tact fact no doubt highly apprecIated by the people that during tb the comparative scarcity of staples no advantage was wai taken of the situation to advance prices price on a single Bingle article Turning to the condition of crops crop t it itis t tIe is Ie suggested eted that while prices for tor fam prod products are low yet the increased yield this thle season probably will make makeup makeup makeup up for any low loss The institution has haa disposed of at Id Idaho ho Falls Falli pounds of wheat and pounds of oats at a fair figure The demand for potatoes is 18 lar large Jarge e and hundreds of rt carloads have been beeD shipped East The dried fruit market is i iain In about the same condition a ai as last year and the Utah fruit in is of belt bett better r flavor than thaD tb t brought in from else else- elsewhere where lie where The report states however that the U Utah ab dried fruit cannot coOl com compute pete in the market until improved methods of ot preparing it are adopted drying it by the evaporating process anti aUll i packing it in 25 26 and aad 50 O Ib lb 10 box boxes bose Retarding Regarding the financial statue atatu of t tee e institution the report shows how that Z C M I does doci not owe a dollar that is 18 past due dut during the past half the salt sales alei have bave increased while the eX ex- ex eX have not been so 80 o heavy beavy and there is 18 now a large lar e cash balance lu in the bank In Irk the home depart department ments ment the sales aleo f for r the half year R ag K The clothing factory has beg been heen run on full time iD dur-iD dar dur daring Ing the whole half balf year except a few f w days when It wa was waa closed cio ed down dowa for te re- re pare re-pare pare pan if its It 1 product is b i giving satisfaction an and is Ie 1 di of as soon coon as manufactured The shoe boe factory is II doing equally ai as well After announcing that oo on September the directors d declared a dividend II d I of 4 per cent for th the halt half year ear the re report re- re report port concludes conclude by expressing the c con can o I that the tur turning inc point In the business depression depre loti has bas been passed pa d that trade henceforward will Ul be more satisfactory and of ot larger volume volum and that there now appears no o good reason why the he institution should bould not Dot make mak a most satisfactory bowing at the end of the next half year y I Though briefly y summed up In the I foregoing synopsis sy opal of President Wood Woodruff ruff ruffs ruff's report the business situation Is ii iio isso so flO o clearly outlined as ai to call for no Do further than an expression of congratulation at its Iti present firm condition and the th bright outlook for tor a prosperous s ad advance Vanee Regarding the band handling ling of this seasons season's farm crop however there may Ibay be some ome items ot of detail that will wUl prove prole of benefit to the people There will UI be noted the heavy aale sales of wheat w beat And oats at Idaho Idabo Fall Falls which are steadily increasing A very vry ery lar large e proportion of these thew grains grain Its i being utilized d for tor feeding stock pigs tock cattle and sheep hp- bep the owners ownen having become that they c can o n follow this plan with Ith more profit than the old method under existing circumstances As A to potatoes potato large larKe quantities see ate re being belac shipped hipp d east from Idaho Fall FaU Fella and all aU tha that can oab be obtained at Logan Lugan are being belne sold fold sit at t a fair remunerative figure In the factory work the showing of which ia Is J so 10 o gratifying ratifying J It may mav mar be fur fur- further further fur further ther stated that the shoe hoe department with if its full lull force foroe of hands hand Is ii some pairs pain behind in orders order and will require a month to catch atch up This condition Is one of the results of ot the healthy revival this thie year on behalf of home industries end and Indicates Indicate how bow the people are taking the work to heart beart It lt i is a matter of regret that the dried fruit business in this Territory ic Is in such uch a position as ai to compel the plain statement of facts made in the report on OD this subject abject It li is earnestly hoped that the portrayal of ot the actual con oon- condition con condition of affairs will wUl be the means mean of a change chane for the better among those those directly interfiled interested With fruit frait the quality of ot which cannot be ex excelled ex- ex excelled celled and the cost coat of ot growing which is comparatively small it i is a matter of deep chagrin that when dried it gets to market in such a an n inferior Interior condition as to cause really poorer fruit to be given the preference Without making further complaint of the past pait how bow however however ever it may be pointed out that here bere is i an opportunity for profit profit- profitable profitable profitable able investment in the hereto hereto- heretofore heretofore heretofore fore neglected industry The neoe necessary apparatus ii is Inexpensive while the market for tor a good product Is ii very large Taking the report ai as a whole it Is II full of good cheer and aad encouragement for the people in such uch times ai as a these and shows bow that there are the best belt of r reasons for tor unshaken confidence In inthe inthe the solidarity of Utah institutions in their m march to progress |