Ask the Scholar
Page 3 of 5
I can add historical knowledge about this page.
Page image
OCR
TO THE STOCKHOLDERS
QUTIMU
OF UNITED STATES RADIUM CORPORATION:-
The depressed condition of business throughout the world naturally
affected the operations of your Corporation, and the net result for the year
was only $46,661.81. The steps taken by the management to adjust opera-
tions to conform with conditions during 1921 were as follows:
CARNOTITE ORE MINING.
During the year our Mines in the Paradox Valley, Colorado, were oper-
ated to meet the total plant requirements less an accumulation of ore on
hand that it seemed advisable to minimize to avoid any loss on account of
decreasing value of carnotite ore. With this in mind, mines operations
were gradually reduced commencing in May and reaching a minimum in
October. At that time work was gradually resumed, reaching a production
of our current requirements in December. The result was a constant ore
supply without the dangers incident to a high cost accumulation in times
of receding markets.
The work of prospecting and locating ores was pushed aggressively
on several of the most important claims, leaving us at the end of the year
with a greater amount of ore in sight than at any previous time. Ore
bodies disclosed were in excess of our expectations. Preliminary work was
done to facilitate mining against the time when increased supplies will be
needed.
RADIUM EXTRACTION PLANT OPERATION.
The Orange, N. J. plant for the extraction of Radium was operated
continuously during 1921 on a basis which totalled fifteen per cent less ore
run than in 1920. The Radium tubed ready for delivery exceeded the
amount tubed in 1920 by about thirty per cent. The excess was the result
of working through to completion material that had previously accumu-
lated in process.
The laboratories for the manufacture of Undark Radium luminous
material, for chemical analysis, for physical analysis, for handling Radium
salts of high purity, and for research work, have all been improved, giving
substantial benefits in the way of economical production, minimizing losses,
improving quality, and in preparation for expansion. We were very for-
tunate in having join us Dr. Victor F. Hess, formerly of the Radium Insti-
tute in Vienna. He is a physicist well-known throughout the scientific
world. His work in organizing a system to control the Radium in all
stages of production has proven to be of first value.
MECHANICAL AND APPLICATION DEPARTMENTS.
These departments where Undark luminous material is applied to dials,
gauges, instruments, etc., and where numerous locating devices are manu-
factured, have been maintained on a scale sufficient to handle the work
received.
Page data
- Page
- 3
- Source index
- 0
- Type
- photo
- Media ID
- 71ae9b3c8b5d27b1
- Size
- unknown
Document data
- ID
- 75718657
- Core
- doc
- Type
- document
DTO data
{
"id": "75718657",
"sourceUrl": "https://catalog.archives.gov/id/75718657",
"contentType": "document",
"title": "Report, December 31, 1921",
"citationUrl": "https://catalog.archives.gov/id/75718657",
"collections": [
"Safety Light Collection",
"Records Related to Radium Dial Painters"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000130_Page_1.jpg",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000130_Page_1.jpg",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000130_Page_1.jpg",
"imageCount": 5,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Context sent to Scholar
Document identity
{
"localId": "75718657",
"label": "Report, December 31, 1921",
"core": "doc",
"dtoType": "document",
"citationUrl": "https://catalog.archives.gov/id/75718657"
}
Document source metadata
{
"id": "75718657",
"sourceUrl": "https://catalog.archives.gov/id/75718657",
"contentType": "document",
"title": "Report, December 31, 1921",
"citationUrl": "https://catalog.archives.gov/id/75718657",
"collections": [
"Safety Light Collection",
"Records Related to Radium Dial Painters"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000130_Page_1.jpg",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000130_Page_1.jpg",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000130_Page_1.jpg",
"imageCount": 5,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Document source extras
{
"url": "https://catalog.archives.gov/id/75718657",
"naId": 75718657,
"levelOfDescription": "fileUnit",
"recordType": "description",
"ocrSource": "nara-archive"
}
Page context
{
"seq": 3,
"pageIndex": 0,
"type": "photo",
"url": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0000130_Page_3.jpg",
"mediaId": "71ae9b3c8b5d27b1",
"ocrText": "TO THE STOCKHOLDERS\nQUTIMU\nOF UNITED STATES RADIUM CORPORATION:-\nThe depressed condition of business throughout the world naturally\naffected the operations of your Corporation, and the net result for the year\nwas only $46,661.81. The steps taken by the management to adjust opera-\ntions to conform with conditions during 1921 were as follows:\nCARNOTITE ORE MINING.\nDuring the year our Mines in the Paradox Valley, Colorado, were oper-\nated to meet the total plant requirements less an accumulation of ore on\nhand that it seemed advisable to minimize to avoid any loss on account of\ndecreasing value of carnotite ore. With this in mind, mines operations\nwere gradually reduced commencing in May and reaching a minimum in\nOctober. At that time work was gradually resumed, reaching a production\nof our current requirements in December. The result was a constant ore\nsupply without the dangers incident to a high cost accumulation in times\nof receding markets.\nThe work of prospecting and locating ores was pushed aggressively\non several of the most important claims, leaving us at the end of the year\nwith a greater amount of ore in sight than at any previous time. Ore\nbodies disclosed were in excess of our expectations. Preliminary work was\ndone to facilitate mining against the time when increased supplies will be\nneeded.\nRADIUM EXTRACTION PLANT OPERATION.\nThe Orange, N. J. plant for the extraction of Radium was operated\ncontinuously during 1921 on a basis which totalled fifteen per cent less ore\nrun than in 1920. The Radium tubed ready for delivery exceeded the\namount tubed in 1920 by about thirty per cent. The excess was the result\nof working through to completion material that had previously accumu-\nlated in process.\nThe laboratories for the manufacture of Undark Radium luminous\nmaterial, for chemical analysis, for physical analysis, for handling Radium\nsalts of high purity, and for research work, have all been improved, giving\nsubstantial benefits in the way of economical production, minimizing losses,\nimproving quality, and in preparation for expansion. We were very for-\ntunate in having join us Dr. Victor F. Hess, formerly of the Radium Insti-\ntute in Vienna. He is a physicist well-known throughout the scientific\nworld. His work in organizing a system to control the Radium in all\nstages of production has proven to be of first value.\nMECHANICAL AND APPLICATION DEPARTMENTS.\nThese departments where Undark luminous material is applied to dials,\ngauges, instruments, etc., and where numerous locating devices are manu-\nfactured, have been maintained on a scale sufficient to handle the work\nreceived."
}