conclusion the company continues to grow and prosper the progress of the past year has been made possible by the confidence placed in us by the many fine companies and public agencies which have placed their construction work in our hands and by the hard work and devotion to duty on the part of our many employees without whose loyal and skillful support we could not have succeeded to all who entrust us with their work we are profoundly grateful and pledge ourselves to give par performance wherever and whenever it is humanly possible construction work along with general business has continued at very high levels for a long period of years it now appears that construction volume may decline and that the situation in the industry may become increasingly competitive if this change occurs it would of course affect profits adversely fortified by a strong organization a well established position in the industry and a sound financial condition your company is well prepared to make the best of this situation if it arises respectfully submitted marriner s eccles chairman of the board o 673 a 5 ~ 5.36 - net worth per share 1947 1948 1949 1950 1951 1952 1953 100.83 100 592.81 _ 84.60 _ _ _ j -------- 20 1947 1948 1949 1950 1951 1952 1953 consolidated aerial view of a portion of the homes built at wichita kansas where a housing shortage had been caused by the rapid increase in military production in this area the site was declared a critical housing area and utah construction company in association with henry c beck company constructed over one thousand single family dwellings for four housing corporations liabilities and net worth 1946 1947 1948 1949 1950 1951 1952 1953 .* 1952 1953 i o 10 n 1946 1947 1948 1949 1950 1951 1952 1953