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upr000005 125

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upr000005-125
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Vegas Ranch, arriving Tuesday morning March 14th, for the purpose of disposing of the company’s store, hay , grain, lumber and “butcher business, and gathering up and shipping cattle to Salt Lake, and for disposing of tools, implements and other ranch property, and leasing of the ranch. We submit our report as follows.- S T O B 1. The stock in the store proper, that is, outside of hay, grain, lumber and meats, inventoried $5597.00, this being at cost prices, without the addition of freight. It was absolutely impossible to figure the commercial freight on a miscellaneous stock, and the size of the stock and its miscellaneous nature rendered it impossible to get any competition in the purchase. We therefore added six percent to the cost value to take care of the freight charges, making a total of $5932.82, which amount was paid by H. A. Kuhn, of the Kuhn Mer­cantile Company. In addition to this there was stock to the value of $1981.65, con­sisting of a large quantity of canned tomatoes and cream, 3600 # of sugar, 36000# of flour, tents and flies costing us $396.00, and some other miscellaneous supplies which purchaser did not care to take, but finally agreed to take on consignment, at cost plus commercial freight which we were able to determine accurately; freight amounting to $564.00, making total amount of the consignment $2545.65. We hold receipt of Mr Kuhn for this consignment, he agreeing to store the goods- at his own expense and make monthly account of sales and .remittance, commencing May 1st, 1905. Mr Kuhn gave us drafts for $5300.00 and we allowed him the cash receipts and credits from the taking of the inventory until the date of the sale, which altogether amounted to $798.15, making the total amount paid by him $6098.15, so he still has a credit of $165.33 to apply on the consignment. The title to the store building still remains in the company, and we have an agreement with Mr Kuhn to take this off our hands for the