Ask the Scholar
Page 3 of 4
I can add historical knowledge about this page.
Page image
OCR
TO THE STOCKHOLDERS
OF UNITED STATES RADIUM CORPORATION
The condition of the Corporation as at December 31, 1938 is reflected in the
attached audited Balance Sheet. Operations for the year, after taxes and all
charges, showed a net profit of $4,427.10. Out of this amount $3,605.00 was
paid against Preferred dividend accumulations, which was at the rate of $3.50
per share. Since our last report, and during this year, additional shares of First
Preferred Stock have been purchased by the Corporation reducing the amount of
issued and outstanding at this writing to 879 shares.
Volume of sales was less than expected. This was partly due to continued keen
competition at gradually reducing prices. While at this writing the price angle
has not improved, there is however a definite trend towards an increased volume
of business for this year as the Army and Navy building programs enlarge the
demand for luminous material.
The Weksler Thermometer Corporation suffered an operating loss of
$12,290.67 for the year. An analysis shows the principal reasons for this
disappointing result to be due to reduced sales in the last half of the year; a
substantial change in the type of merchandise sold; and an unusually large
turnover of our skilled labor. Measures were promptly taken to offset the effect
of these adverse factors, with the result that we believe the plant is now back
again on a low cost of production basis, and operating at a small profit.
It is with sorrow that we report the death of our Vice-President, Secretary,
Director and Chief Technician, Mr. Howard H. Barker, who passed away on
May 7th of last year.
Very truly yours,
CLARENCE B. LEE,
President.
May 18, 1939.
Page data
- Page
- 3
- Source index
- 0
- Type
- photo
- Media ID
- 59d048c644c12c2e
- Size
- unknown
Document data
- ID
- 75729661
- Core
- doc
- Type
- document
DTO data
{
"id": "75729661",
"sourceUrl": "https://catalog.archives.gov/id/75729661",
"contentType": "document",
"title": "Report, May 18, 1939",
"citationUrl": "https://catalog.archives.gov/id/75729661",
"collections": [
"Safety Light Collection",
"Records Related to Radium Dial Painters"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003414_Page_1.jpg",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003414_Page_1.jpg",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003414_Page_1.jpg",
"imageCount": 4,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Context sent to Scholar
Document identity
{
"localId": "75729661",
"label": "Report, May 18, 1939",
"core": "doc",
"dtoType": "document",
"citationUrl": "https://catalog.archives.gov/id/75729661"
}
Document source metadata
{
"id": "75729661",
"sourceUrl": "https://catalog.archives.gov/id/75729661",
"contentType": "document",
"title": "Report, May 18, 1939",
"citationUrl": "https://catalog.archives.gov/id/75729661",
"collections": [
"Safety Light Collection",
"Records Related to Radium Dial Painters"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003414_Page_1.jpg",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003414_Page_1.jpg",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0003414_Page_1.jpg",
"imageCount": 4,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Document source extras
{
"url": "https://catalog.archives.gov/id/75729661",
"naId": 75729661,
"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_0003414_Page_3.jpg",
"mediaId": "59d048c644c12c2e",
"ocrText": "TO THE STOCKHOLDERS\nOF UNITED STATES RADIUM CORPORATION\nThe condition of the Corporation as at December 31, 1938 is reflected in the\nattached audited Balance Sheet. Operations for the year, after taxes and all\ncharges, showed a net profit of $4,427.10. Out of this amount $3,605.00 was\npaid against Preferred dividend accumulations, which was at the rate of $3.50\nper share. Since our last report, and during this year, additional shares of First\nPreferred Stock have been purchased by the Corporation reducing the amount of\nissued and outstanding at this writing to 879 shares.\nVolume of sales was less than expected. This was partly due to continued keen\ncompetition at gradually reducing prices. While at this writing the price angle\nhas not improved, there is however a definite trend towards an increased volume\nof business for this year as the Army and Navy building programs enlarge the\ndemand for luminous material.\nThe Weksler Thermometer Corporation suffered an operating loss of\n$12,290.67 for the year. An analysis shows the principal reasons for this\ndisappointing result to be due to reduced sales in the last half of the year; a\nsubstantial change in the type of merchandise sold; and an unusually large\nturnover of our skilled labor. Measures were promptly taken to offset the effect\nof these adverse factors, with the result that we believe the plant is now back\nagain on a low cost of production basis, and operating at a small profit.\nIt is with sorrow that we report the death of our Vice-President, Secretary,\nDirector and Chief Technician, Mr. Howard H. Barker, who passed away on\nMay 7th of last year.\nVery truly yours,\nCLARENCE B. LEE,\nPresident.\nMay 18, 1939."
}