OCR Text |
Show SALES OF $4,000,000. Z. C. M. I. Diclars Sptclil Dividend of Two Per Cent, Maklnrj Ten Per Cent for the Year. Four million dollers represents the aggregate of the business transacted by the Z C M I djring the past eor Although tho expenie were enormous, MI&CiOO being paid f - fi eight alone, there was still sufficient profit te pa the regular dividend of 5 per cent on the capital stock of Jl 077 000 and an extra dividend of 2 per cent making a total distribution of earnings of 1107 701) The major portion of this went to local capitalists These figures were contained In the report of ProsUent Smith made at the annual meeting of the stockholders stockhold-ers steiday The report showed that the business has shown n steady Increase each yoar for the past live years with ever) indication that the Increase will be even greater In the year Just begun In addition to the dlv Idendrt declared appropriations wete made from ths net earnings to pa) the cost of alterations now being made In the building and the erection of three additional stories oil the north pirt of the building adjoining the prcnt structure Ihe election of officers resulted as follows Joseph F Smith president, Oeorge rtotnney vice-president Thos CI W ebber eecretar) , A W Carlson, treisurer II J Clrunt, John Henr) Smith J It Winder r M Lyman II Dlnwoode) A II Lund, P T. Turns-worth, Turns-worth, W H SIcInDre, J It llnrnes P.eed Smoot and T O Webber, dlrec-tens. dlrec-tens. Reduced Trclglit on Barley. At the solicitation of the stockmen, the Oregon bhort Lino csterday granted a 43-cent rate on barlo In car lots from Utnitilla, Or, and all points north and cast thereof lhls Is a reduction re-duction of 7 cents from tho present rate, and continues In effect until May fth Commission merchants are talking talk-ing seriously of Impottlng flour from Nebraska and Kansas, claiming that the) can ship and sell at present prieca at a profit |