Ask the Scholar
Page 2 of 3
I can add historical knowledge about this page.
Page image
OCR
To The Stock Holders of the
Radium Luminous Material Corp.:
Radium Luminous Material Corp.
During 1918 a very substantial part of the
BALANCE SHEET as of DECEMBER 31, 1919.
Corporation's business was for war purposes-largely
work for the United States and Government con-
ASSETS
tractors. This volume diminished very rapidly after
the armistice. 1919 has necessarily been spent in
Cash in Bank and on Hand
$ 36,195.55
re-adjusting sales to normal peace times along
Accounts Receivable
20,913.69
valuable commercial lines.
Inventory
469,187.12
During 1919 war business was almost entirely
replaced with peace business. Our Application and
526,296.36
Mechanical Plants in which luminous material is
Investments
1,000.00
made into manufactured articles or applied to prod-
ucts of other manufacturers, produced during 1919,
Unexpired Insurance
913.59
two million nine hundred thousand pieces. This
is in excess of the previous year. It does not,
however, reflect increased volume in dollars since
Land, Buildings, & Equipment-
Orange
-
.
272,695.24
the complicated and expensive war products were
replaced by watches, clocks, locating devices, and
Mining Claims & Equipment 97,636.49
and other commercial products of less unit value.
New York Office Equipment
5,969.58
The total volume of sales in 1919 was 12%
376,301.31
less than in 1918. On the other hand, net earnings
show an increase for 1919 of more than 6% over
Less Reserve for Depreciation 81,906.16
1918. The gain in net earnings was made after
294,395 : 15
setting up larger reserves for depreciation as
part of a policy of conservatism adopted by the
Secret Process
200,000.00 494,395.15
management.
1,022,605.10
The 1919 profits of $77,056.39, or $4.46 per
share of common stock, were obtained by a program
LIABILITIES
of strict economy during the transition period, and
by improvements in mining and manufacturing
Notes Payable
-
120,000.00
conditions in our mines and plants.
Accounts Payable
-
51,990.07
With these improvements accomplished our
Common Stock
355,718.77
energies will be concentrated on increasing the
sales of the company's products in order to turn
Preferred Stock
400,000.00 755,718.77
inventory into cash and pay off the floating indebt-
Surplus Dec. 31, 1918 72,670.76
ness. Many new accounts have been opened and
Add Profits for year
the prospects for the coming year are good.
ended Dec. 31, 1919 77,056.39
Attached to this report is a copy of Balance
Sheet of the Corporation at close of business
149,727.15
December 31, 1919. This Balance Sheet is now
being verified by Messrs. Marwick, Mitchell, Peat
Less dividends paid on
& Co. who are completing the annual audit of the
Preferred Stock 28,000.00
Corporations books.
Sundry other deductions
Yours truly,
a/c Previous years 26,830.89 54,830.89
A. ROEDER,
Surplus December 31, 1919
-
94,896.26
Chairman of the Board of Directors.
1,022,605.10
Page data
- Page
- 2
- Source index
- 0
- Type
- photo
- Media ID
- 92f0bcb3bd117e03
- Size
- unknown
Document data
- ID
- 75718470
- Core
- doc
- Type
- document
DTO data
{
"id": "75718470",
"sourceUrl": "https://catalog.archives.gov/id/75718470",
"contentType": "document",
"title": "Report, December 31, 1919",
"citationUrl": "https://catalog.archives.gov/id/75718470",
"collections": [
"Safety Light Collection",
"Records Related to Radium Dial Painters"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000078_Page_1.jpg",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000078_Page_1.jpg",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000078_Page_1.jpg",
"imageCount": 3,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Context sent to Scholar
Document identity
{
"localId": "75718470",
"label": "Report, December 31, 1919",
"core": "doc",
"dtoType": "document",
"citationUrl": "https://catalog.archives.gov/id/75718470"
}
Document source metadata
{
"id": "75718470",
"sourceUrl": "https://catalog.archives.gov/id/75718470",
"contentType": "document",
"title": "Report, December 31, 1919",
"citationUrl": "https://catalog.archives.gov/id/75718470",
"collections": [
"Safety Light Collection",
"Records Related to Radium Dial Painters"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000078_Page_1.jpg",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000078_Page_1.jpg",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000078_Page_1.jpg",
"imageCount": 3,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Document source extras
{
"url": "https://catalog.archives.gov/id/75718470",
"naId": 75718470,
"levelOfDescription": "fileUnit",
"recordType": "description",
"ocrSource": "nara-archive"
}
Page context
{
"seq": 2,
"pageIndex": 0,
"type": "photo",
"url": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000078_Page_2.jpg",
"mediaId": "92f0bcb3bd117e03",
"ocrText": "To The Stock Holders of the\nRadium Luminous Material Corp.:\nRadium Luminous Material Corp.\nDuring 1918 a very substantial part of the\nBALANCE SHEET as of DECEMBER 31, 1919.\nCorporation's business was for war purposes-largely\nwork for the United States and Government con-\nASSETS\ntractors. This volume diminished very rapidly after\nthe armistice. 1919 has necessarily been spent in\nCash in Bank and on Hand\n$ 36,195.55\nre-adjusting sales to normal peace times along\nAccounts Receivable\n20,913.69\nvaluable commercial lines.\nInventory\n469,187.12\nDuring 1919 war business was almost entirely\nreplaced with peace business. Our Application and\n526,296.36\nMechanical Plants in which luminous material is\nInvestments\n1,000.00\nmade into manufactured articles or applied to prod-\nucts of other manufacturers, produced during 1919,\nUnexpired Insurance\n913.59\ntwo million nine hundred thousand pieces. This\nis in excess of the previous year. It does not,\nhowever, reflect increased volume in dollars since\nLand, Buildings, & Equipment-\nOrange\n-\n.\n272,695.24\nthe complicated and expensive war products were\nreplaced by watches, clocks, locating devices, and\nMining Claims & Equipment 97,636.49\nand other commercial products of less unit value.\nNew York Office Equipment\n5,969.58\nThe total volume of sales in 1919 was 12%\n376,301.31\nless than in 1918. On the other hand, net earnings\nshow an increase for 1919 of more than 6% over\nLess Reserve for Depreciation 81,906.16\n1918. The gain in net earnings was made after\n294,395 : 15\nsetting up larger reserves for depreciation as\npart of a policy of conservatism adopted by the\nSecret Process\n200,000.00 494,395.15\nmanagement.\n1,022,605.10\nThe 1919 profits of $77,056.39, or $4.46 per\nshare of common stock, were obtained by a program\nLIABILITIES\nof strict economy during the transition period, and\nby improvements in mining and manufacturing\nNotes Payable\n-\n120,000.00\nconditions in our mines and plants.\nAccounts Payable\n-\n51,990.07\nWith these improvements accomplished our\nCommon Stock\n355,718.77\nenergies will be concentrated on increasing the\nsales of the company's products in order to turn\nPreferred Stock\n400,000.00 755,718.77\ninventory into cash and pay off the floating indebt-\nSurplus Dec. 31, 1918 72,670.76\nness. Many new accounts have been opened and\nAdd Profits for year\nthe prospects for the coming year are good.\nended Dec. 31, 1919 77,056.39\nAttached to this report is a copy of Balance\nSheet of the Corporation at close of business\n149,727.15\nDecember 31, 1919. This Balance Sheet is now\nbeing verified by Messrs. Marwick, Mitchell, Peat\nLess dividends paid on\n& Co. who are completing the annual audit of the\nPreferred Stock 28,000.00\nCorporations books.\nSundry other deductions\nYours truly,\na/c Previous years 26,830.89 54,830.89\nA. ROEDER,\nSurplus December 31, 1919\n-\n94,896.26\nChairman of the Board of Directors.\n1,022,605.10"
}