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1960
The 1950's 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 had been made
and to test the soundness of the policies and programs followed.
1. Company profits for the period exceeded by
175 per cent the total earnings for the first
51 years.
2. Total assets more than quadrupled.
3. Shareholders' equity rose from $12 million
to $51.4 million.
4. Dividend rate increased 150 per cent.
5. The number of shareholders increased from
150 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
proprietary undertakings.
During its first 51 years the company largely confined its efforts
to the pursuit of heavy engineering and construction, shiftings 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
foreshadowed the transformation of the company in one dramatic decade to
a well diversified organization with widespread interest in mining, ocean
shipping, and land development.
Corporate Expansion
Prior to February 1, 1960, Utah Construction & Mining Co. owned
60 per cent of the equity stock of Lucky Mc Uranium Corporation. On
that date, with the overwhelming consent of the shareholders of both
companies, Utah acquired the remaining 40 percent of Lucky Mc stock
through the exchange of 242, 533 shares of its stock on a 1 for 10 basis, and
the two companies were merged.
Object Description
| Rating | |
| Title | 1960 |
| Subject | Utah Construction Company--History, Construction contracts, Construction projects--Management, |
| Description | This is a five volume set documenting the history of Utah Construction Company from 1900 to 1964. It is a yearly account of the projects completed, bids won, and bids lost. Many times this contains the only record of some small projects. |
| Creator | Stewart Library, Weber State University |
| Full-Text | OCR |
| Publisher Digital | Stewart Library, Weber State University |
| Contributors | Earl R. Lubbers |
| Date Original | 1962-1964 |
| Date Digital | 2009 |
| Type | Paper |
| Original Format | 5 Volumes Bound 8 1/2 X11 |
| Digital Format | TIFF/JPG/PDF |
| Digitization Specifications | Archived TIFF images were scanned by Kathleen Broeder at 400 dpi with an Epson Expression 10000XL scanner and a Brother MFC-8860DN. JPG and PDF files were then created for general use. |
| Digital Identifier | ERLubberCompany |
| Source | MS 100 Box 50 |
| Language | eng |
| Relation | http://library.weber.edu/asc/ucc/regindex/documents/Register.pdf |
| Rights Management | Digital Image Copyright 2009. Materials may be used for non-profit and educational purposes, please credit the Special Collections Department, Stewart Library, Weber State University. |
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