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Show -65- for the first six months of business has already been cited. The Fountain Green Co-operative Mercanti le Institution paid sixty-ei i~,ht per oent on the capital stook in 1(370. 42 The Gunnisol1 association paid three dollars per quarter on each five dollar share during i t s first three quarters of business operation. 4 3 The Filmore Co-operative Meroantile Instltuti t)ll paid ita shareholders a sewi-annual dividend of thirty per eent on November 7, 1870. 44 The Twentieth Ward Institution paid a thirty per cent dividend for the first year and at the same ti me increased its capital stoc k by twentytwo per cent. f6 Thea. large prof! ts were due 1arg,ely to the rapid t urnover of stock. Up until this time many of the stores only turned their goods once a year but now with a stronc wholesale hou.e (Zion's CooperattYe Mercantile Institution) good. could be turned several times a year and therefore even with lower prioes the profits would be muoh lart er for the year. It is no wonder that with conditions .0 favorable for cooperative merchandising ev.ery ward and settlement. became "co-operativo store con.olous." Cooperative store. sprang:. into exiatenee almost over ni Ght. Table IV lists by countiOl a.nd cities the stores organited in the Utah Territory up to 1880. This list is obtained by combining for the first time information from 8catt ered sources eQneernin[~ coo perative . ;tores in thh period. '£ABLE IV NAllli AND LOCATIOl~ OF' THE CO-OPlmATlVE STORES ORGANI ZED MiD THOSE I N Ol:>ill?AN01\ I N UTAR 1868-1680. a Name of store City ~ Elder County Brigham City Bear River City IIoneyvi 11_ JP.antull. Portage Willard City Deweyville ii~ 43. 44. 45. Bri gham City Co-op. Mere. &: Mfg. Aa,s ociation. Bear River City Co-operati ve Institution. Honeyville Co-operative Meroantile lnst. Mantua Co-operative 'Mercantil,e Institution. Porta!!:e Co-opera ti va Mercantile lnsti tution. Willard City Co-operati ve Mercantile lnst. Deweyville Co-operative Mercantile lnst. Ibid., June 17, ]871. The Deseret Evenil1f News, April 13, 1870. Ibid., November 15, 1870. Ibid •• Kay 18, 1870. . |
