Title |
UCUI_1960_AnnualReport |
Creator |
San Francisco: Utah Construction & Mining Co. |
Description |
The report includes information about the company for the fiscal year ending October 31, 1960. This consists of a management comment to the shareholders, an abstract of operations, properties and interests, and financial statements including the auditors' report. |
Subject |
Auditors’ reports; Financial executives; Corporation reports; Financial statements; Financial statements notes; Stockholders |
Digital Publisher |
Stewart Library, Weber State University, Ogden, Utah, USA |
Date Original |
1960 |
Date |
1960 |
Date Digital |
2006 |
Temporal Coverage |
1947; 1948; 1949; 1950; 1951; 1952; 1953; 1954; 1955; 1956; 1957; 1958; 1959; 1960; 1961; 1962; 1963; 1964; 1965; 1966; 1967; 1968; 1969; 1970; 1971; 1972; 1973; 1974; 1975; 1976 |
Item Size |
8.5 inch x 11 inch |
Medium |
bound book |
Item Description |
25 page paper report bound in landscape format |
Type |
Text; Image/StillImage |
Conversion Specifications |
Archived TIFF images were scanned with an Epson Expression 10000XL scanner. JPG and PDF files were then created for general use. Transcripts generated by OCR (optical character recognition). |
Language |
eng |
Relation |
https://archivesspace.weber.edu/repositories/3/resources/212 |
Rights |
Materials may be used for non-profit and educational purposes; please credit Special Collections Department, Stewart Library, Weber State University. |
Source |
UCC/UIC 1900-1984 MS 100 Box 4, Special Collections, Stewart Library, Weber State University |
Format |
application/pdf |
ARK |
ark:/87278/s6jwfm9m |
Setname |
wsu_ucui_ar |
ID |
97957 |
Reference URL |
https://digital.weber.edu/ark:/87278/s6jwfm9m |
Title |
UCUI_1960_AnnualReport - 1960_001_page1 |
Description |
The report includes information about the company for the fiscal year ending October 31, 1960. This consists of a management comment to the shareholders, an abstract of operations, properties and interests, and financial statements including the auditors' report. |
Subject |
Auditors' Report;Directors and Officers;Financial Highlights;Financial Statements;Management Comment;Operations;Properties and Interests;Shareholders |
Digital Publisher |
Stewart Library, Weber State University, Ogden, Utah, USA |
Date Original |
1960 |
Date |
1960 |
Temporal Coverage |
1947-1976 |
Item Size |
8.5 inch x 11 inch |
Medium |
bound book |
Type |
Text; Image/StillImage |
Conversion Specifications |
Archived TIFF images were scanned with an Epson Expression 10000XL scanner. JPG and PDF files were then created for general use. Transcripts generated by OCR (optical character recognition). |
Relation |
https://archivesspace.weber.edu/repositories/3/resources/212 |
Rights |
Materials may be used for non-profit and educational purposes; please credit Special Collections Department, Stewart Library, Weber State University. |
OCR Text |
Show " ft -. i i utah construction & mining co executive offices , 550 california street 1 san francisco california the 1950s were a decisive decade for the company it serves good purpose to review briefly the accomplishments of those years in order to measure more objectively the progress that has been made and to test the soundness of the policies and programs being followed • company profits for the period exceeded by 175 per cent the total earnings for the first 51 years • total assets more than quadrupled • shareholders equity rose from 12 million to 51.4 million • dividend rate increased 1 50 per cent • the number of shareholders increased from 1 50 to 2550 these accomplishments came as the result of a management concept that skills which had been used for the most part in a contractural capacity would be more productive for the company if applied to logically developed pro prietary undertakings during its first 51 years the company largely confined its efforts to the pursuit of heavy engineering and construction shifting its emphasis from time to time as one type of work offered better opportunity than another but remaining principally in the contract construction field and activities that closely supported it following the second world war initial steps were taken that fore shadowed the transformation of the company in one dramatic decade to a well-diversified organization with widespread interest in mining ocean ship ping and land development some of the more significant phases of this diversification were • domestic strip mining operations evolved from a modest beginning on mineral properties acquired in the late 1940s in utah and arkansas into the extensive cedar city iron ore the new mexico coal and the lucky me uranium operations of the 1960s • this domestic mining led to operations at foreign locations the first was canada in 1951 the nest in peru leading ultimately to the forma tion of marcona mining company • ocean transportation of bulk commodities was first undertaken in 1955 to provide better control over the widely fluctuating costs of transporting marcona iron ore to world steel producers • an extensive mineral exploratory program instituted in the 50s to replace properties being worked has led to the development in 1960 of major company-controlled coal uranium and iron ore properties • as an outgrowth of the company participation in the mass govern ment-sponsored housing programs in the early 1950s properties were acquired in strategic california locations for development to residential and commercial use and for investment • search for suitable land for development near metropolitan centers in turn led the company into reclamation of submarginal properties the record testifies to the wisdom of the program followed during the 1950s the benefits of the steps taken then will be realized more fully in the years ahead the company enters the next decade on a sound foundation with a carefully designed blueprint for progress and an organization strengthened and tested shareholders equity s 6o million 1951 1952 1953 1954 1955 1956 1957 1958 1959 i960 |
Format |
application/pdf |
Setname |
wsu_ucui_ar |
ID |
98370 |
Reference URL |
https://digital.weber.edu/ark:/87278/s6jwfm9m/98370 |