The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-04-05
FINANCE AND MINING
z. C.. M. LIS semi-Annual
Meeting.
PER CENT. DIVIDEND.
A Prosperous Showing-Receipts of
Ore and Bnllion-LocaI Securities
General Mining News.

The semi-annual meeting of the stock
holders of Y. C. NJ. l., occurred at the
Social Hall at 2 o'clock yesterday after
noon; there was lighter attendance
than usual, owing of course to the
absence Of semi-annual Conference
rates on the railroads.
The meeting was called to order by
Vice.President William Jennings, and
the secretary and treasurer proceeded
to read the presidents thirty-second
semi-annual report for the six months
ending January 31st; it opens with
some general references to the
condition OF trade, and saws that
despite the general depression the insti-
tuition has done very well in the six
months which the report covers. Far
mers are still without q market for
their produce and the wages of laboring
people rule lower than for some time
past, but, considering all things, the in
stitution has abundant reason to feel
graufed with its showing The opinion
is expressed that the worst of the de-
preston has passed and that with the
opening of spring business matters gen
orally VIII begin to look up. The volume
oil trade has been as large as the times
and circumstances would warrant, but
not so great as formerly. From the de-
tails OF the report, We glean the follow
ing interesting facts and figures:
Merchandise on hand, -, IA, 960.8I.
This is $119, 79l. 05 less than the amount
carried one year ago. SeYenty-nine per
cent. OF the merchandise on hand is
paid for; included in it are home male
goods of the following value:.
Boots and shoes. s4954s4 -
Wooden goods 40 Sos 81
Home made soaps, trunks,
brooms, candies, matches,
etc.-'-.'..--.--- .........-...... 405000
Total sos, $4,000
Merchandise and cash on hand |
s., 1S9, 1928, or over IS per cent. more
than the sum total of all other liza |
bilitieS, exclusive of the capital stock |
and reserve fund. The amount paid for !
freight and express charges during the |
half year was $l37, 784.94. Total sales |
for the hall year, 81 ,66S ,256.9 go. As com
pared with same period the year before,
this amount is $1S1 10000 less, the re-
suit of the universal shrinkage The |
cash receipts for the half year were /
Sl, ~, 1870. The cost OF selling goods I
AZ per cent. Among the items men
toned in the details of the expense
account is taxes for the year amount
ing to $12, 945.65.
The shoe factory turned ent IL $50 pairs
of boots and so, 465 pairs of shoes at a
cost of S14S.5l4.12. The tannery used
4 1862 hides, 1,l57 skins, and produced
s53 007.14 worth of sole leather, buff,
wax upper, calf and kip skins.
At the clothing f:ctory S5O. 1851
worth of clothing was manufactured;
thirty different kinds OF garments are
made there, including overalls, of which
there were GO, 800 pairs turnek out. In
its manufacturing departments the
Institution give employment to over 200
operatives.
A dividend of 5 per cent, payable on
and after May 5th, was declared upon
the capital stock; to pay the dividend it
will require the sum of $49, 999. 80. This
amount is in the item Undivided Pro-
its" in the statement below; the bal
lnce will be carried to the Reserve
und.
STATEMENT OF RESOURCES AND LIABILITIES
For the fiscal half year ending JAN
larry 31st. 1885.