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Kodak Magazine (Canada); Vol. 10, No. 4; April 1954

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Kodak Magazine (Canada); Vol. 10, No. 4; April 1954 Hum.an Interest .-------Jn J!us &sue----------, Page Report of 1953-Eastman Kodak Company issues annual report of operations in previous year l Retirements-four long-time members of the staff complete their business duties at Kodak 3 Fortieth Anniversary-Film Emulsion member has .four decades o.f service with the Company 4 New Installation-Power House generating room equipped with new D.C. remote-control circuit breakers 5 Photo-Patter-some ideas .for your picture taking at weddings, receptions and showers 6 Twenty-Fifth Anniversaries- two men join the growing ranks o.f long-service people 7 New Product-Company announces introduction o.f Kodak Transparency Illuminator 10 x 10 7 Club 25 Elections-ladies install new club officers .for 1954 7 K.D.M.C. Party-annual socialfunction held in auditorium 8 It's My Job-the third in a series o.f articles on Company opera- tions 8 They Tell Us-news .from here and there throughout the plant 9 K.R.C. Doings-Kodak people in sports and other entertainment ll ••&Oit.<\K" IS A TRAD E-M ARK Volume 10 Aprill954 Number 4 PUllLISIIED BY CANADIAN KODAK CO., LIMITED, TORONTO , ONTARIO Eastman l(odak Company Report of 1953 HE RECEKTLY issued annual report of the amateur photographic 29¢ (27¢)- films, cam­ Eastman Kodak Company shows that eras, projectors, photographic equipment; T1953 was a record year for many parts of commercial and professional 25¢ (25¢)­ the Company's business. films, papers, plates, and equipment for Total sales in 1953 continued the upward commerce, industry, photofinishing, mrdi­ t rend of recent years and reached a total of cine, etc.; cellulose products 15¢ (16¢)-ace­ $633,668,918- $59 million more than in tate yarn and staple, acetate plastics, 1952. Most of the increase came from the sheeting, etc.; special military products 14¢ photographic business. (14¢)- fire-control instruments, fuses, and As a group, photographic products had a others; professional motion picture film 9¢ sales in crease of more than 10 percent in (9¢)- negative and positive films for the 1953. They \Yere about 66 percent of total inJustry; chemicals 6¢ (6¢) - photographic sales, compared with 65 percent the year developers, fi xers, industrial and organic before. Products for color photography led chemicals, etc.; miscellaneous 2¢ (3¢)-vita­ the sales rise, refl ecting the increased use of min concentrates, monoglycerides, indus­ color by Kodak customers which has been a trial gaging equipment, miscellaneous items. strong factor in the growth of the business in The Company's net earnings for 1953 ex­ all recent years. ceeded $50 million for the third time in its Kodak cameras and other equipment history and were 8 percent of sales, the items sold well and release of government re­ same as in 1952. In relation to t otal capital strictions on metals made higher manufac­ and earniri.gs retained in the business at the turing schedules possible. Cameras and year end, net earnings were 12 percent in accessories packed together in complete 1953 and 11.4 percent in 1952. Earnings per photo outfi ts proved popular and were a share were $2.86 but would have been $3.00 strong factor in the increased still camera except for the increase in common shares and equipment sales. Flash photography is outstanding that resulted from the stock continuing to grow and flash-photography dividend paid in May, 1953. In 1952, net products were among the items that helped earnings were $2.74. push up sales of supplementary equipment. Earnings before taxes of $133,449,168 were Among non-photographic product lines, the largest on record- slightly ahead of 1951 , the Tennessee Eastman division's Tenite the best prior year. They were 21 percent plastics made the best sales gain. Chromspun, of sales, compared with 22 percent in.1952. TEC's color-locked acetate yarn and staple, Following is a breakdown, showing how was a strong factor in an otherwise rather Kodak used each dollar of sales and other slow year for the division's textile materials. income in 1953: wages, salaries and benefits Kodapak sheet, the cellulose acetate material 45¢- includes pay, wage dividend, insurance, for wrapping, packaging and for forming and annuities, vacations, etc.; materials and textile uses, had a sharp sales advance. services 29¢-to suppliers and sub-contrac­ The following is a breakdown of Kodak's tors; direct taxes 14¢- income and property 1953 sales dollar by major product groups taxes; depreciation 4¢; cash dividends 5¢; with the 1952 figures shown in brackets: retained for use in the business 3¢. 29~ Kodak's 1953 Sales Dollar by Major Product Groups 25~ 15~ Professional Amateur Commercial and Cellulose Special Military Motion-Picture Chemicals Miscellaneous Photographic Professional Products Products Film 45~ How Kodak Used Each Dollar 29~ of Sales and Other Income m 1953 14~ Wages, Salaries, Materials and and Benefits Services Direct Taxes Depreciation , Wages, salaries, and benefits amoun ted to equipment are in good shape for effi cient $292 million, in cl uding benefits of $69 mil­ production. And the men and women of the lion. Wage Dividend accounted for $25 Company know how to use these facili ties million, premiums for life insurance, retire­ effectively. Our sales and advertising people ment annuit ies, and di sability benefits, $16 are rei!,dy with new programs. million, and pay for vacations and legal All in all , we are optimistic about doing a holidays, sick benefits, unemployment in­ good business in 1954. Assuming that there is surance, and other benefits, $28 million. no sudden or severe drop in business The outlook for 1954 is summarized in a generall y, we believe that the Company's joint statement in the annual report, signed sales can be maintained at about the level of by T . J. Hargrave, chairman, and A. K . 1953, our best sales year. Chapman, president, Eastman Kodak Com­ Wi th a year of good business in 1954, and pany. The statement says: wi th the excess-profits tax eliminated, net "We feel that in 1954 we shall have to \\·ork earnings should increase, and their ratio to harder for the business we get. But we also sales should also rise. We feel that the drop­ feel that the Company is prepared to meet ping of this tax will stimulate further growth this challenge. New products and services are and progress in industry and will thus benefit coming along steadily from our research and employees, share owners, customers, and the development departments. Our plants and country's economy in general. " 2 . At l(odak Ill its Early Years~ Four Retire William j. Hales James H. Glcnistcr ORE THAN 156 years of Kodak service are pany gave him the longest service of the four represented by the careers of Bill Hales, men, spent hi s early youth in several kinds of MAlf Bell , Jim Glenister and Tom Fisher, \\·ork at his home town of Flesherton, who retired at the beginning of this month. On tario, and at Owen Sound, Meaford and Having entered the Company in early years Toronto. Then, on March 15, 1907, he joined - from 1907 to 1924- all have had the the Canadian Card Co., Limited, which later interesting experience of working in the became the Mount & Album Department photographic business during a time of im­ at Kodak Heights. After about 15 years, portant changes and expansion. during which he was assigned at one time or Bill Hales, whose 47 years with the Com- another to all of the various jobs in this Charles A. Bell Thomas E. Fisher 3 branch of manufacturing, Bill was appointed of Ohio. Eventually deciding to settle in his assistant superintendent. This was follo\\·ed home city, he left the trade in favor of a job in 1940 by his appointment as superinten­ at Kodak in the Camera Assembly De­ dent, Mount & Album, the position he held partment, which he joined May 17, 1917. upon retirement. About ten years later he was transferred to A dinner at Pickfair Restaurant, under the the Camera Inspection and his duties since chairmanship of J. W. Spence, provided an then have consisted of giving a final inspec­ opportunity for Bill's friends to give him tion to both new and repaired cameras. parting tokens of esteem. L. J. Schoonmaker Farewell presentations of a smoking stand made the presentation of a Kodak Highlux and cheque were made to Jim by Frank III Projector from associates and Bill Slinger Hammell on behalf of associates in the presented a projection screen on behalf of the Camera Inspection. The good wishes of Mount & Album staff. Members of Bill's members of the Camera Repair~where part family were head table guests, and along with of Jim's duties were centered- received ex­ Kodak associates attending the event were pression with the gift of a cigarette lighter a number i10w retired. presented by Bob Irving on their behalf. Members of Kodak Department Managers' Tom Fisher retired with more than 29 Club bid adieu to Bill (one of their past years of service, all of which was spent in the presidents) at a noon-hour luncheon just be­ same department. Born in Birmingham, Eng­ fore his retirement. On this occasion, E. S. land, he first came to Canada more than 40 Currie made the presentation of a Kodak years ago, but after residing for a while in Flash Bantam Camera and fi eld case, on Montreal he returned to England in 1914. behalf of club associates. His second trip to this country was made in Alf Bell, who completed more than 42 1923, at which time he settled in Toronto and years with the Company before retirement, worked for a short time in an automobile spent his boyhood in Acton, Ontario.
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