Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-04-05
Stockholders Annual Meeting
Was Held This After
noon.
DIVIDENDS NOW II PER CENT.
Sales For the Past Year In
creased $50, 900 Over Those
For Year 1904.
Manufacturing Department Put out
$4,000 Pairs Of Boots and Shoes
And 1917 900 Garments.

The thirty-seventh annual meeting OF
the stockholders of the q. c. NJ. I. con-
yened today at O'Clock. at the institu.
TONS office. There We're representa-
In person and by proxy upwards OF two
thirds OF the stock.
The business transacted consisted Of
submitting the presidents report for
the year 1905, and the election of officers
and directors for the current year. The
president In his report again congratu-
lated the stockholders upon the success
full business that had been transacted
by the institution during the past year.
lie stated tina both the sales and re-
ceips had exceeded those of the pre-
vlous year.
He referred to the drouth experience
ed IN some portions Of the state dur
ing July and August OF last year, the
ravages Of the white n.y." resulting in
a partial failure of The beet crop in
some sections, and the blight from
which the tomato crop suffered.
He was pleased to say that wool,
sheep and cattle had commanded COOL
prices. and the output from the mines
and shelters had been above the aver
age All manufactured commodities as
well as raw material had steadily adj
yanced during the past year. and some
difficulty had been experienced i'm oh
tanning supplies, owing to the UMPIRE
cedented demand, and the lack of suf-
hcient rolling stock for transporting
goods to this market.
The snowstorms late ia 1905 and early
In the present year were both heavy
and extensive, and would be of i'm
mense value and benefit to the state
gnerally, with the institution, as well
as throughout the state generally, bus
mess had been active, and there Is ev-
cry present indication that the current
year win be az good and perhaps bet
ter. than that Of 1905.
The growing demands Of the institu-
tons business necessitated the erec-
ton OF large warehouse between
FOuftn ana flttn west streets, this
city II is conveniently reached by all
railroads entering the city. Is 100 feet
wide hy 20 feet long and consists of
q basement and two upper stories
Nearly an OF our wholesale grocery
business viii be done from this ware
house, as It will save hauling and other
unay oidnble expenses when the depart
ment was located on Main street, as
\ heretofore
The manufacturing departments have
done well during the past year: some
$4,000 pairs of boots and shoes we're
manufactured, and tho clothing factory
turned out 10000 garments
The sales for the past year have been
upwards Of $4,000 in excess OF the
previous year, and the profits have cor
rcsponllnEly increased. which warrant
ed the directors In declaring a dividend
for the current year OF II per cent, ~
which per cent Is payable on the 18th
inst.
The election of officers and directors
was by ballot and resulted as follows.
President. Joseph +. smith vice presi-
dent George Romney. secretary, T. c.
Weber; treasurer. a. W. Carlson. ni-
rectore-H. ]. Grant. j. II. Winder,
J. II, Barnes, John Henry Smith r. NJ.
Lyman, Anthem II. Lund. VIM. VI. Me-
lntyrc, Reed Smoot, T. G. Wcbber. l..
s. His. A. w. Carlson,