Document 10mByZnvQ3GNg3kw053447XEq

. K j&sm , RECEIVED i.. DEC IS 1951 STATISTICAL t>tPT- NtsV* Hr. W. C. Roney IMTLfih'ATlLMAl SLELTBK* AND REPIKIKu Ca.PAlT TOOELE PLANT - TOOELE. UTAH Elu.f a> AUDIT OP THE SULPHIDE CC.HCBITRATOR, TLE LEAD FLAW ADD THE DLA.I iuLiiii.-i OF THE IKTERHATIOHAI. SLU.TING AilD REPINIUG COtfrAHY. T(<OELE. UT/.H. Fut *.LMUS1- 1Q.M LOUTH OF AUGUST 1951 C, E. Rouen TB3S REQUIRED FOB AUDIT September 17. to Kovunber .IS, 1953* inclusive Audit o:' the Letallurgical records of the Tooele Flcnt of the International. u..r=lhb. 4 sj.n .i .fining / for August 1951 included the three operating {dents* e follows; Approximately 61.&C* 17^ end 65/? of the purchased receipts of the Concentrator, Lead Plant end Cleg Jig Plant* respectively* were Audited in detail for weights* assays* unloadings* contracts* sottlwUenU *ta. In addition* 355? and 255? of purchased receipts of the Concentrator end the Lead Plant* r.spvctively* edited for Tooele weights end unloadings, This covered seven fully audited shippers and four tust4 j . Detail on some receipts and new contracts appears in the report. All of the outoide shipments end Interplant movements were audited in detail v.~ro u.o~t uf ti.u 4*nt mcveuisnts at the Sulphide Concentrator and the Lead Plant. All ahipmtnt- i'ruui the Slag Treating imre euditud except two oars of Deleaded Zinc Fume shipped to the Croat Palls Hint of the ..t.uconda rfKlnlng Company. Final and praliBinary data aa included in the august ateteucnUwcr ucad in all casts, Inventory observations were mads on September let and 27th* October 1st and iiovor.bor 1st* as detailed gaodit. All four observations were cheeked to the books to determine practices and accuracy. All iper 1st inventories wars audited in detail from the physical and ootizmtod inventory reports on into the &U. Valuations of all inventories were also audited in full including purchase costs* fixr.d operating And worked bact inventory, A complete review of the lead plant metal valuation vac i.adc unJ a discusoicn i Is presented herein. August work sheets and statements as well as August 31* 1951 cumulative statements wer audited as mentioned above and assuming all July 31* 1951 inventories to be correct* C, 15 .loun LeUllurgi cal .*uai tor Uovu..b-:r Id* 2951 PNYC 00011844 k IMTIT:uIk{IONAL ShH.TIH>-. AliD gSPl..l TCOEI.S H.A1:T - TiOaTK. Jj mo n t h o f ;ua.:;v 19*>I inn t :: ! CONCHITRATOR: Reeeipte I^Shipaente ! Inventories ^Valuation of Inventories PLANT: IfioMlptS irShlpMnto httseellaneous Interplant Transfer* llnventories [Valuation of Inventories \ PLANT: dpto bipnants !?3feventorlee Valuation of Inventories > AND DISCREPANCIES: Sulphide Concentrator {Load Plant J Slag Treating Plant f, General , carcms: f Lead Plant Cottrell Fire ICepper Plant Write Off I Date of Receipts fidjust&ents to arrive at Moral Recoveries ^Exceas Hotel Recovery from Furnace Bottoms new ]V! V 2 3 3 t, to >, i-.y.uii-.c 5 - ^ i-t Ji.. Itci-Ar C tc. ?, '! t.; 5 ir.cluJive 9 to 13i inclusive 13 yj 13 to u, i. `.iti. jvU 1.-. 15 Vi Vj V> i? to 16, idviu-ivw. 16 16 to 37. it.;.Ij .-u v u 17 1? tv lf_ li.ci'...liv. W PNYC 00011845 Ouii " i :*fc**V ' iNTIflKATICflAL SHELTIKJ AiJO .CSriDi-t Cu.h.i Y TOOELE PLAliT - TOOELE. 1.T..II KCWTH OF AUGUST 1951 SULPHIDE CCWCEHTRATOU LcgaplU^ttfj;^s .SatoML^. j Bis This rs accounted for over 492 of ths Concentrator receipts 1 uu.oist 1951, Thu contract has Crulned ssesntially ths same os detailed in ths 1943 audit* The treatuant cost has risen to vl*49 |>*r diy too and ths sampling credit hat boon increased to 50# per dry ton, This ore is all campled, s weighed and assayed by ths Utah Ors Sampling Cmnpsny and the International Company accepts and uses |tbsss vsi^bta and moistures hut averages ths assays with thair oun and calls for mpiria \in*i needed, 411 August sino contents wars totaled and averaged and the shipper was paid for the ualauec of as in tvo lots ldiioh bad bean giren the 60 pound ariniwtan deduction hscai.c* of low ocntw.'v zinc, r-ms is allowed in ths contraot if the monthly average aos&y is large oiiouJi to receive th* 65.- pay|wnt* 19*735 pmnds were paid for at 9*433# per pound* also, tho difference uu..n the vuly ling credit total (50# par dry tan) end half the July sampling charge (il*00 p*r w~t ton) was paid to " i shipper as allowed in ths contract* (tori, si*rta r.ftrf this lead*ine ors from Xstchua, Idaho, received in August 1951 amounted to 5 lots or 4.?> of fctbs August receipts, Ths contreot of Septaaiber 15* 1943 states ti.o ucu&l m~tul p.rcuitkgcs uiJ prices [jbet ths duplicate copy has not yet been signed and returned, ae is the cue ten. The ..ugs.^b 1951 tivat- \ eost was $2*921 per dry ten and copper is not paid for. ho agrcouo.it could ho located for thw. dty paid cn each lot to J, B* Eldridge,. owner, of the property. I gryt Hulllngep - Things These tailings are from Park City, Utah, and accounted for 6.5.b oi' the August 1951 receipts. Uo Kfwrltten contract was available but tbs terms of the last two lots were listed by hr d. ... hurt. Ore Bayer, on one of tbs lot sheets, as follows: Gold - 1002 9 $16.00 per ounce, if *01 ounce per ton or over. Silver - 302 9 market orer 1 ounce per ton. Lead - 1002 9 *1,50 per unit over 1*5 units. Copper - 10058 9 $1*50 par unit Zinc 10Q2 9 $1.75 por unit after deducting oxide sine and ,7 unit. Treatment - $4*00 par diy ton* Hauling - $1*00 par wet ton to shippers. Splitting Limits - Au. < 01 os. per ton, Ag. - .3 os. per ton, Pb. . .3*, Cu. .22, Zn. - .52. Payment - Half to Silver Xing Coalition Lines. These terms were higher than those on the first three auijuet lots becautv; of cn upswing ir. fdarlng the month. Neither formal contract was available. L^mr H}nlnSL2gT*T S-gUWT.frPB These concentrates accounted for 34.52 of the Concentrator receipts for :,ujut 1951. `iW.le limigbts, moistures and assays are used on the settlements. These were checked in d.tsil tut ih.c jjtfUamvtts themselves wsrs not proven because they are checked yearly in Aimcuuds., durj.v thv Aiuc Conruntretor fcAudit. PNYC 000118454 u.-l i. d.Uil 00011846 rnmdmmLeuCt Sbl.PHTDE Ct.i CiM.,lVi..ro,< PRIES AH Concentrator bin inventories were icaasurid on 3cpt...J.uv 1, iVS'J ... i vi u.w i ; ....; * Messrs. J. C. Wilson end W. P. lloll, Jr.# Pogson end Fdoub-t .tUiU*.:. .i-- .-uu;.. end specific weights are used es comparisons. Pull ears a.:d/or Ivls .j u .J(~U w.. .. t ted tonnages. Actuel weights end essays ere used a*, e iirot-iu, Jivot-vai basis. .Uckj-il* i...... ere et average stockpile essays. Zinc concentrates on hand are wuighed and assayed. Lead ar.-j I.cu tti,c.!itriUa ,v indued Ji: Lead Plant inventories. The Superintendent prepares a monthly sheet detaili..^ U.*.. full 2*tu v<..lch vo-ai* weights and actuel weights on any sine concentrates ctx hai*], Vi U r.jw:. i.s o--il inbin measurements ara only used for checking. i >i V.b . -w I On September 27# 1951 the Auditor viewed the shutdown uu.*.-nt..u;.r and 1U i*.~.t -.i in-process inventories are reported tor this plant because it is tiyu.JV/ L-tv uua Jiv j -... i. are taken and any material on hand belongs to the prior t o k Su ..* tu*- v;.t.riul vwd in ib- dsesiflers and cn the floor but neither the Superintendoat nor the ..ccountint; OiTic.. ^luuti.t jv largo enough to affect recoveries of the prior run and put it into it.vuitoi'ius. |6LTT< i: OF r.lVBITf>HIE3 >ite and Bins As explained in the previous audit# those ore inventories or.. wi a c.w --jis ... -/ k , silver end .gold* `Each lot# cu e first-in# first-out basis For et u. -i. . silver ounces paid for ara valued at 34.75# per ounce. Vi.* velal Vi.ii.- if .clii peid for ie Ho-iwJ . $34.91 to arrive et ounces paid for end this total is valued l I .34/*) pw v>;..u, v.we.. t-ei. v this is thst# even though the terns of the many contracts diff.r i.: #..rCo;-.i -. r iio/t j - ` >' n.. .1 r.; ell aro based on a v3491 price# approximately. inis is i..e.U~i o.1 ---> -t u< .-.i.eu. Ocas end concuntrit.es i bins uhici, w--r not sc. plvj ..i ... t .*i > - . i .. i- -a ' ' - a sampling cost of #.4o4o p*r tuu v.icl. is -n uld n... !. ... n - f'' ........ > not carry tills because th*y si'* to L*. sauplod L..fei.. , ; . .. i . i Concc.trates Zinc Concentrates fti*e cliil valued at the coiitract c.!*:. pvjc.s wO.-.-t at 34*75# P-r ounca. 'flu cuifcract states a guld pvic- of -Vi.ye j. .* tivll. j u r .. .i . i.< >.x J.. .. t f-r -- PNYC 00011847 U if v *; Ltt.vf) H ,,}' Btinufcd I. Anaconda Connor klnAnv Co. nar.y - X.uo;l lead labor Under 25m - 90.i of U.t , : J.Ja-u . i.> 25 to 503 - 9i:>' of J.7-t Over 503 - 923of Uot As.*y > Price - Average !..; I'urk ii .. !.. A. j..\! :. nest preceding j>i,. dat.-, Xrri. * Vi.i u.--. plus or minus ,.031; for >; ... . 1. } plus or minusohr.u. o 5u A > . iy1 ... . ,1. Deduct 20 pound.. *.i . .. t.. 1..... 1>> free, exceso at :>; j.*r euJt 1900 per dry tew, t-.t-.o. JuUr..iX.._i - i-ui. Internet! aiel }*.ys Xroi.-.f.t, ty>^. idehe Shipper pays only fr*ib'>.t to ! .r*.J l y ,, Sd.o Xter - ^-13*3J.oOw ..d.l 1/; fur uefinery - *1.55-63 j*. r j;ir .1 ,.;_t X ton of paid fo*- Iced for each XX. t.'.i.-d la'i-.or cost aVvrurc- $16,167 hiSe plue 3 5i i. r t!. .'i l"> r.i..u v22.95 base, 7*rii.ii*; /. r .;.ihl - r r.t., .. deduct! on * f ..lilfcSd.:1 iy,, ,.\r,o jj The splitting limite on assays vero uieotio.-.od ir. a 1-Uer a. .1 is> Manager at bonanza, to i.r. c. L. oud.ail, } - J i. i;... ilvsr. Kr Saekett agreed in hie reply of Jv.x.. 2*>, 3v61- August 3951 Bonanza line ru.;ipt., iu ....... i -........ >, iV;l 1i 1 . r. i..- X -:.J .5 Wet Weight 332,720 lbs. 3013*107 lie. ,vV/ Xu... The zinc vss not paid for and there 1 to One-ha, Hebraalta lead bullion shipped to the AmeriCu.: .;.i Ifthe Tooele JWLter. The si3vr is rtv-r...; U j,, 1 per ton of bullion in 20 dc/e ufi.,,* . r-_ij.t .! >.9125 per ounee. The contract has ri-aio. j .'!. } last half (5 years) of contract pcu-ioJ -t.. l.-.j ... tttasnt cost went into effect adding .... u.. t>. the 14th. Also the splitting limit v,. .3V..; .... flatters Wtvesn hr. Carl fhll, I.ur.v j.v .1 I Tooele Plant. If silver run owr 100 ......ecu if. ) The final settlement for Juni X6VJ -i.i i- *.1* r August 1951 shipuer.ts. The aettlot.v-r.t b.. i t..i. r.... cad In TooeXe as received. August shipments with Uuaha wojfhtb (fh.-X) 1 1 doXd Payment Bismuth Charge Estimated Treatment Estimated Freight ylVM'X:.00: . 733 ;> . .1 i.. ) .Inin., i. j-. .. , . .v i, ...j .. hi . xc . -i . ; .1 v. i ii. 3< .. i.i,-. '/'V'Vv.77 PNYC 00011848 3i;aiI'.ii LAM YftAKdmS Al:D liO/H JhTS Continued .spgiM The Converters receive and treat this ji.&t.-ri&l iy.,. ih. .t. pat transfer xas from the August 1st invgnto.v fi.u u. ace Cadmium Dust High cadmium content dust la accumilatoa for twic y .;!; i-ou^i l { eopper roasters. lions was sliipp*>d in ,>uguM. i9vi. } Blast Furnaces Tbs product of the Sintering ham. is weighed rj utut invento. ixu at Bleat Furnace Dina and the balance ue.d as ii.ipt.^nW to IU jtJl n. ..of-o ui.3 us \ furnace Treatment. Ail inventories are for the blr. ai..,, n^i.t . *75% is used. Constant loss percentages are u&*d ex: ach ..Mil U. . .V.'> V it U..S COii - fct^of the sinter, even though a monthly ease it. til.vu fv. co;.,4i4\i ... ^.uti.,- es'sn sinter shipped are: Lead Copp.r -j m- uvl] IB 7% .5^ i;:.- 3..i> r 29.20# >y 29.06;; 2,00.: 1.95,* lO.Vw 9-w. ..'4 os. . 67b 02. ' Weights 4.477.236 Iba. 306.660 1U. juted Weights 4.655,770 lbs. 29B.994 1=- 1,639*960 oz,, y,'i 31 .>.? ovt. > dlag Treatment Plant The molten slag sent to the Sla^ fru a i. i and ksng&neee at the Hla-t > in the cold duup slag, scrap Ire.; awl . I all materials except slag is tha couifc.il ) dry weight and other contents uf tut yic_ ,, > the Slag Treating Plent on the folium,* Ic. .... IcUS of .iU Iu.vi.y, .... od Zinc Charg* -* Total aim. cnt tlw bUj iY,,. i. tl,s riiO.;U. fH.ii. t>i t!;i c-i.. monthl'. uv.wv -j ; t i i-u: Treatment of Cold Slag Charge - v7.60 per diy t- . t>... . v500 per ton i.. ..u . 1951 from i:... v i v p r JtU ; :..o. d from \>.l :.i. Credit for further Treatment of Toll Zinc -> j-6.75 p^r dx,, t.`.. during tn* mo.ni. I A. K. on September 1, 1951, llessri. J. U. Wilson :-.J ' iditora, observed the taking of all bin invento;'i,, u; ded end turned over to the betellnrgtcul i.vlii w4- . j .... , These bins accounted for a tmior portion ci -i . j... ... 1. the end of the audit period, they did not n-f;..-i. dth inventories t*ku at a later data, bin auait. i:. . Ific weights per cubic foot if tveilebl*. c. ; hi..,. ....i busing specific essays. Pull or pertially lo,d'.d ccr.-. o. IP observed that inventory, but were further uv liUJ dof contents. This also included elerke1 *eti v.i til. *w ....... pNYC 0001149 .1**'*: k  *p3fc%<is; -st * si*** ft now o f invarroiHES LEAS FLAHT The method of valuing these Inventories has changed since tho 1940 audit. T1e silver avid ^'old are no longer reduced to 34*75 cento and $34*00 per ounce, respectively, wr a;dwl to the .tockpi3 3. All lots are now added at actual cooto and chargee but tlie gold cost is divided l*;- ,3A#$1 to active at a new paid-for ounce* figure* Thus, all gold paid-for ounce* go into stockpiles and stock bins at v34.91 per ounce* 4a before, care out of stockpile and stock bins are given average contents and values* At nonth end, inventories of all lot* are recapped and silver and gyfld tol*l ptid-fcr ounces are revalued at 34.75 cents and $34*00 per ounce, allowing the difference to fall ir.to tr**Wnt. Therefore, the individual stockpile records carry actual oosts and clvarges with --old at ,>34.91 per ounce but the > ots.1 inventory as used on otstemonte is revalued for both sllvar ami *old* Tids i v.c-cfnl lots era transferred between plants because original costs are then no.vied. Actual freight and refining charges, sine and sine costs and tr-at:icat charges arc ussd a* totaled on tba Stockpile Beeep Sheet* The leed and eopper valuations now are nede on a "nowi2 base" ui il.ot *lor^ \dth the ltsd nd copper In tho by-products inventory. Cto IJsy 31, 1949 this method v.-a started uiing the Lay 31, 194c anventwy* as a base when the government controlled price was lifted. Thtl-oy 31, 3949 inventory was c*31 -d nmval. Also included in the beee were old Copper Plant inventories on Lend tbit, pl^t in 1941 b.it -.ransr ..-cl to the 2>sad Plant on January 1, 1949* pfjYC 000000111i 885511 '** -- , ;*****> .^ wvs>n-a I Cf IKVB1TCUIS3 - Continued il>i and Stock Bins - Continued M. tee^nar-': H*y 3^> 19ii6 This inventory contained quu .ltles of load ami copj. ji* at t.no a 1i , t. .v >a j ); controllod and both uood under tbo prior method of Vo.lukliun. i'u. ... iy )--ivix.^ 4.> : 1*5# while tho last controllod prions v*re 6.5# and 11.775# both for i,,.i rv-t--ciiv. li*y 31. mo Tho stock pile and bgr-p^duct inventories ure valued ew,urati.i,' (.. I January 1, 1949 qpsntitiea* fj t`iv-Oiti (1) Tills stock of copper was incorrectly valuw.t, it -l*>uld n*v.- i ^ ii-J at 1 U '.vy, (2) Old copper plant inventories w,re transferr>..l to th- t^-w i i amounts wor still on hand at hay 31, 1949. Vaiu.j at ~*t. 1, ly.y, (3) Excess copper (459,176 pounds) ovr Jainar, 1, 19-*.9 ua>iunl (io/ ige current sales price* This excess was lost at y^ar -.-nil, howler. I vk 1 u iventorlsa - 1949 and 1950 Ths stock pile and ly-product inver'orios u.n. i..lv .ulc..: a;. t.,, .. I irregardless of physical inventories of each. (2) In 1950 the old copper plant inventory usi* iu l o i~ irlc c* ui.. u.i- _ i nuch of It had bean recovered in the previous j__. .<>1 not w .j t>..u . ...... t. of U... `..ri i f was bains ado at 10.5# per pound which was liv.hvj h mu t.i.. w.i. ii.^j *. u..ji ts vhewn at h.y ft, 1949. (4) Even though the Key 31, 1949 gain of 4V) .j/b i. . i was shown (86*921 pounds) uidch was tl;. <iirt*wi\u.v:. ....... u ... .. , The value |r pound was the av*rat-;-` -uxiH pi-lo v k . i>,v... VA-), u.-. (5) Increas-c&nd Jucrcas.,o ar at current. ...u1.,. (6) This cupper increase uas valued at h*y .i J.*.* )>;(> . /.i. . .... i.^ (4i...:. m. i...iu.u w last-in* first-vat basis. ' - Au'ust- 31. 1951 A return has now bi:,,n mad* to valuing ti.^ t*., in,- ... al bsu* froe th* .ai 3I, 1949 inr.Miv*y. , .j.i... > m. J>f. ; ... (1) This is to b written do.** to 11.'->39; >.. p..uu ./ tviwi .. ji. r, ,t. (2) This bal anew ci` old copper plant invaitory is w.li i renoval at 10*5# nas reduced the valuo to 9.72/i k j v p^urd. rhia jo w ictual pounds of old copper plant cop-,r still on r.-.-id n> u .^,n m- ji, - 1 mtor/ was 197,943 pounds at 10.5# per pound txv.ufw**: -u c;.^. j u IU. i. w.iit.n .io .n ui. ui. in. 3* i');A (7) The lead content of old copper j.luit hk- i-.n, v.i..u w..d, i.r. i u;-. fplans to eliaiitiats this pert of the has* iuVu*tory (/* >,ow/) fv.ui..u **. '..>*/ ty 3], )90l. (8) The practice of decree;:inj (torrowin,') f*v* r-e j h u h ..!, . .j . j ; .. a . Jlllity of a very vain* even th^O'- It wokjld c*.l 1^.1 - j u u i.i ... jv A- j:.- i^e Hr. Floyd that he vaiu* the dtxrauses at Uu> last .dded u.av. c >;s l s ,.r t.L l.c^c ut L >: .b Iif each year. Thou the s/stsa coul-i be clasbii'iwd uu * P;.i ui. ii; i sr.t - |puld give hi* a uad looking prefit end less taLv- .a it tmi iu....*T-;i .i.J but ;.* - . lis is a uectfoasry wvii of this valuation ^yuiom. ....1 uiw. Ai;jji.r v .j iu,^ > i.. rtiuotions on tno ocsir id ueUtcd of valuation lu hll.i ..... i,.. '. < . . ... .v:.-.... a largo incj-uaiio o v a.* those b-cs j ;iv.nu>ri b .i. .f LI.. 1 ... . . , ....... . >>vw,.. pNYC 00011S53 1 if****: r. X SLAfl TREATIKO PLANT { Continued &ffl T**i yid Brjtetetg ^5i"Ths from inventory consisted of la transit to I, M, and M. Cwnpuiu'. on li&oJ ccuapat/ uu*J i os hand returnable to Ameriean Zine Compaay, Most of thu on hand- urs -till *r,urWJ by two mtlng department and ere all handled at outlined In the previous audit, v.\apt the aaaty of i latt lot of fume shipped la used for eontoit of the fume on hand. The car and wiacellanuoua ttmtoqr was observed hr the Auditor on October 1, 1951 with Mr, W. ii. Floyd and later checked Ptbe records. This did not Include those reported by the ograting dupartMont uhioh uve e-tijhted, The auditor was present on November 1, 1951 when the Lead Plant Superinw.-idcnt, the Sian ' *tlng Plant Poreaan end his assistant ast and reviewed oloBuiiv;y, dwj.viiu u..i rations ti..;- eming on Oetobor 22, 1951. The Bagbouse pits were viewed and *oti*u.Uil uUle ell other byinducts lnrsntorlss were entirely sstiaatsd. The In proceoo invoitory it Bust ltJL*iu ic cornled'bat both aystsas sssa to be reasonably accurate. The sstimatud inventories at Tceule iwclnU ae in the Chamber, Plus and Bag Rouse, aost of which is not available fov uv.asurii.sj or viewing. Consigned stocks of tine oxide were out of town end w$r not plysic ally vuri.'iud by thu Auditor f tonaignees letters were audited to conflra sales end balances on hand. All ccnoi^ucci stocks ro` i the ear assay as originally shipped. v^.One consignsd balance of 20,775 pounds of oxide was on hand at August 31, 1951 out of a car Iped in June 1950. The consignee is the C, L. Duncan Company, 1101 - lyth SU\;wt, San Francisco, Jomia. No tales bad been reported since August 31, 1951 up tc t! iLU.- oi writing. y-nnramEigs The aethode of valuing Slag Traataant -Plant- iinrAnUridc ivavc wot clun^wJ u.wc Uiu 1%8 aunit. t stock piles and bins is valued at actual lot coal;,. Thu lots. or.> Mweiicntl.-o on firut-in, -out basis. Bln ore also cerriee sampling cost, at thu current cost per lui. Dul uwiiud ziuz ju.e transit to Intemetionel Minerals and Metalo Company ar.i on huv. -t r.:.c pi tut i.- vjiw.1 tojcuti-.y.- I. M. and M. Company contract taros hut with an wstii. uUd trojuu....t oust uu on tho pirlimi- settlemant, Oold and silver are not paid for in il.ia contract not vcJuu.f uw >f theaj ii.v-w- Leaded sine oxide at the plant is valued on the oulvs t^r.ut of f;u-j sul to wr- L-i.u Plant. ~ ted stock was also valued at thaae sane tales Unu ovK-.pt li d .u.a uo rUd ut l6.wi,v p..r Mr, Floyd etatad that he would ehange this to foliar the x`ukt sJioo piic*. w iu the cun owl itet value. Cold and silver are paid for and valued at $32.i>16 (ICO;;'.) *nd 34.75^ j.or d u i*;*-, , j- lively. By-preducts which include duets, cleanings, fumes etc., *rv vtlu-ii t cun nt n-.co:.U This Includes sailing eeat. A minor portion of the** :Uriuls, furr.auu cU-uiiiv;*, tu:.. ^returned to the Lead Plant for retreatasnt but aost continue on twroteh lb- iiUi. Vr-utSi^ Ml u t .. `leading cost is applied because the only by-product jr. 14. jj uuotioi; of the f is ^ithor w* Lated er perhaps seld as a finished product with Lewdco Zitu; Oxirlj. hr. Flo.-h ,uj q..wstiww-h l the emission sf pirehase east en ell ly-products end t.t jtst<rd that thor was no purchaoe 1 % the early eparatien ef this plant and he is uaixg a laai-in, firut *ul chccrj- on thiu aaUiiwl, , This inventtry is almost entirely estimated and fluctuates very little. gR&UBS AMD DISCREHAiJClw.j ATOM folk? ,th<PP*d .te Ah*gnds, i cheoklng the August settlement for Zinc Concntrt.-o si.i;.pad to tb^ pries far sine freight te Beet St. Louis wss nett-ti cs buiiv< .7635$ P-`` F*.u.d, or 1)5.-/ p-r ivi is net auditable from the information en hand et Tooele bec,u^c th. > i avi.u> ikic in iiti.tw Ivfl 'I15.A3 per ten and the last increase on April /*, 1951, ti-- ii-v.-cout, supposed!, s.ivio^ a uu. f $15,74 per ten. The rate used in August 1951, l;ouvor, Ai?.27. i lnquiz7 te Anaconda, Mr. R. H. Kelly replied that Mm Uu3h..u j >* r-.t b.u a.ivAW..;j oi wee in February 1951 te A14.9& which would ex;:l-i;i thi ] .wv.al in:; .owe to *15.27 aw April > Kelly alee stated that Salt Lake was inforu.J j i thu wrror bet "dwoid.-> Ibst r.i.u u w .<.d i iwv-i tarrant revising the settlements." PNYC 00011855 4 ' ......... *' '* k -4 f '; [BTOJiaChBWyClii'j - Continued Sortionwent of Total Troatamnt Host In prorating total coats to the six Anaconda Ccp/.er iau.tri.- iv* i t.1 v* L?wat*d mi riu ona cuoton ore classification, tha charge for treating cold ali^ at li.j btwt f .ur.is dut ctud ( from tha total treatasnt cost as arc the currant Cuuaiu.i Fur-ing tr.u tt.u currant rcciaii-iiig .-.expense. This aasuaaethe Anaeonda materials do not contribute to uui vicc vurau... . Than the average coat par ton treated derived from tul& net men i a ......Jini in h'tzo.Mb ii.wr' )treated and the balance of traataent cost is applied to t-r.u custom o., In August 1951 the daferred Cadnliaa and racial "inj costs veie d cl,^ t.,.l /row t h-- total treat*. jt i-sost instead of the current treatment portion of tltoa ojsuvth<r.a 'tVi j a per ton IrsiUiciit jj-eost for Anaconda Materials which was approxiMutely 85; pr wn lu tor th.n it J.d u Ij ir..v, It T also left a larger treatment coat against custox ore than u__ il.i> till U> can-. u.jd in ^ Hoemtber 1951 accounts* FnffiAWHO PJJtKT i Fun* to International Hlnnrals end Heir, la The freight bill, Bartlesville v*ijht, on car- U, V. Lt'Jx* uf d.a.i. .t..j :lnc fuuu uhcua .. nut Sveight of 112,930 pounds but using the gross end tu>\.Wul.;ht:>, th.- .~i c.Kxild raw. U.m lli.yud J pounds* Bartlesville weights are used or. the sett let. *nL u>c\ fnr U;c> fv,i"!.v. charges 'nut not u the ^Metallurgical Statements, as in transit inventories <. In valuing the eoneigned stod* of sine ovid*, it. rat. rad.t.1 : . i t.h* t ot Irad I'^fuas was used except for the lead price. Currant k.-d eric, i i.. 1.1*. u. ul K-.t iu-.c \ transferred to t)ie lead plant hut an older price of JC.0i, .--a u ...i i , r.l.i.. raw.. :.r. Floyd . .fct.u "that currant price would be usod henceforth. 'flu* A.tyvi.-*-. , !>;;' i... . UUly' , . I iJ-i.'i t I V $560*86* With the ubovo exceptions, cv/ly r COTTRELL Filffi* I OftCfcilfii. C>V .-!:! .i'.i On Monday morning August 27, 1951> Ju.it bj\ , w i j, .IV; cut in thy Load Sintwilrtf Pit/it CM.trell. it ntr i,:.r i; { portion of tj pluo, u'.iich wuo atai ted a?;rly in Si-srij Vjob '* v.mplit*,d to allow th I.vi.d riant to w; . I? all of it* i<cad Plant csseapt tha People Hill ami th. Ft. i eloaod hecause of the loan of its aajor racwipl, h ^was continual in the Slag Plant h>ln, Thu Supihidu | its normal operating runs. r WKlld-OFF Thu copper plant was cut.-plataly writtin off on v 1. [ B. 0. Souai'.ine in hi a latter of January 17, iy.y;, U. i.-. fk.y.:, [ Copper plant inve.'torioj on hi>ii*h#r 51, >- t.y (..Ah j ; i I Plus Duut citd KcDou:pll Uk.ojt :c HottOtoS .id )> :>. i . .n. [ the invvxtcriui arc arrriv.1 c;. ih Peu fori: houh::. fh - > i i, [was iiwliajjd in the lv-ed Fl^i; by-prmiucte inv.xii.,- ....... libs trenaf,r<J invuiitoiv ui,r.t Lcad Copper SiLVut' OulU UvJC'Laltii'J Ck.: 4 r ~-u- ^..... oai&ui. QtiKiiim f MRITR.OFy . Continued Ko metallurgical states*)is have beer, pruparcrl i'o. As before, data of raeaipt depends entirely on availsld li ty <>' Ian'. - t tad profit and loaa figures are suLaitted to K-./ Yf.rk, 1`iu . I* V 3r.t. o* month. Tl*a Salt Laka and Tooele Offleas agrwc- o lot. ^ l -; br. Lalu^.-.n d Ary lota which bad baan physically received and Uu.-ub.c1 W, ,.r; ;...t i>. ^ i ; .-1 t7, t;..- selpts are removed .fnos tba inventory where tl^ .>vv^ v; L--. ii. .. i.i\. t:,f . :A . method of arriving at raealpta and inventories but hi . Fit; ! ut:. .-i- U-.l j. i-= seed for accuracy in tba estimated profit and lots su* ik .'h . U. j. .. i ... .,a i-.i-l ;, lada only final silver affidavit figures in Me L-.ont.iJy profit tll>,si yri.-i profit and loaa etatenant it also the fiual monthly atak^.^nt. > TO A1DUVB AT HOUhAL HflCUVOUES It ia atill the practice to adjust, *t uill, vi.-touu -invuJo. i..:; .i rplii.it i arrive at sore nonaal recoveries, In August 1951 nii.-jcouj .</.;= in isJ^-.y ridanca but ware not shown as adjustments. a purity of i-hung - a uadc t.-.><. i IU- ^inventories but stock pile removals and iur.urfl4.nt . wvj..ty -.1 :.v ; <>.: *.,! Stock pila removals ate given either actual us-.v.y.-. or ivr*.;> *>!..i.:v result*. The Sintersent to the blast Purn'.v.j Yr.... d.a i U<. 1. tors reasonable recoveries at both plants lot do*- net a/i!;; li > X 1*1 .t the tine content of hot slag sent to the SI fta `fj\.aki.) t Flint f* >r,.; j M 1m .!( . get a sore raaaonabls recovery at the Slag Traati.i;, flint. On A.,uui 3'u *-. ;< 1 Si r: toriaa war# not used at all to help pull dci.. an M;.i. ; .r.7*. :.= . ,,f i 1-. r. aatarials and the impending strike, August wt - *. ulo.mip * t .Uk " : . ..l.i tl. , larger August 31at inventoryadjustment*., ll.j ; a. Lu&;.sli.v.. 4 . fj 1..&: \v : w ;U LEAD % Pounds CUV I-.: Inventories yo v> 1- 61; Total as l'keu Total as Used 1,174,131 1,156,552 39-i. 3.' Ouissiomn Yard C WiiUnfS bait iJj.j*.u.n_j Inventory ^v 317,579 U*6 22,6bii 3-u r*.'s___ia*m x l 3C8,i08 1 Transfer Sinter - As Taken 29.20 4,477,236 2.00 306,640 is Ued 29.06 4 /.55.??fi l.?5 21,466 (1) Tr;e diy weight of t-hii PNYC * < - "V . .v'- * - 0BJEH1L COKHEHTS WRITB-QFF Continued No metallurgical statamants hart bean prepared for th*. Copper PU.'tt {`inc* 1 94b. Aa before, data of reeeipt depends entirely on availability of final iicttlw&ent data when the tad profit and loaa figures ara suhaitted ta Haw York. This U usually th* 12th of the folloi;month. fha Salt Laka and Tooala Offleaa agree on lots to be iiicluaud e;J excluded at cvvnUu; u^.i. lota which bad boon physically racaivad and dumped but vora not to It i.K.ludod in th* *or.tta. r.* alpta ara removed fro* tba imrsntoiy where thy ware dunj-ad. Vi,U i* e confuj.ini' and .aoily urr.-.t ic bod of arriving at reeeipta and invantoriaa but Mr. Floyd itat*a th.t it is nuossattry Uoauso u' th.for accuracy in tba estimated profit and loaa stalediant. b aluo has ruu-jiv^d instructions to ia- uda only final ailvar affidavit figuraa in hia monthly profit and loaa statements. Ths estiuaUd fit-and loaa statement la also tba final monthly etat*unt. TO AHRIVE A? ICBHAL BKOFTOIP "r It it still tba practise to ailjuet, at will, various invuntoriws and intoiplant. ah*) ..*< u to v* at mors nonaal recoveries. In August 1951 nuao/ous chaujou in wsi^hta and assay** Wljr in danea but wars not shown as adjustments. The majority cf chto^d* uado sure i* i*t.u Plant -sntorlse but stoek pile removals and intarplant uovjuwiitu were also anl siijusw;<i wh.m r.-..ov.i, took pile removals ara given either actual assays or average stockpile us&uyo, d-.penninj or. ue-iirnl >lta. Tba Sinter sent to tbs Blast Furnaces from tha Sinter Flant. Is eiijuaUd ucnthly w afiv.c< j rsaaonabla recoveries at both plants but does not affect tlu overall La.:.-! Plant rwcuvonss, Aluo, <ainc oontsnt of hot slag sont to tha Slag Treating Plant fn>u. the Lead Pli.it is often adjusted to *a mors rsasonsbls recovery at tba Slag Treating Plant. On A%uut 31, *951 tuu Sim or Plant invr.~ teriss ware not uosd at all to balp pull doun an abnormally liih recovery. Pocauee of the AhorU^*: of and tba impendir^ strike, August was a cluanup month. Balow is tv o'u.i).le uf Ihran of the gsr August 31st inventory adjustments, the two otuieaioita and th.. Sin! t* transfer adjust out: rim coppfl: % Pounds * jf Pounds ____. Pg~ **Lfca'~ Q5*.Rft Sintsr As Taken 27.00 428,501 2.00 31,741 Ae Used 21.00 333,278 1.00 15,870 Sinter Cleanings (1) - As Taken 31.35 981,505 2.01 82,500 - Aa Used 27.5$ 759,149 .873 24,050 Dross Reverb Spalsa - As Taken 8.80 - As Used 8.60 84,125 57.80 430,980 64025 47.80 Total as Taken Total as Used 1,474,131 1,156,552 525,821 396,343 Chdesione: Tsrd Cleanings Balt Cleanings r.'wtett P*c^Mt lfl.6 12.9 317,579 129,278 22,608 3.6 48.321 2.6 4,376 9.719 388,508 343,393 Transfer S Sinter - Aa Takan 29.20 4,477,236 2.00 306,66U - is Used 29.06 4.455.770 1.55 cn**9d 21,466 1 ,i\i 19.25 13.25 ^0.7:5 16 635 77.96 42.96 17.08 y./i (1) The dry weight of taia material si* r.i --<i j :: l?,27;.-76 .15 .is 41* I *17. .10 .124 .102/. 74,84:4.55 49. < 4/ . V / Vs'i,, ;.o .^6 1.04 .84 f,*i.i.04 It&iu.iU 2u y. ' vi '.OV 119.028 119.02b V. `..r:'. i'j .n: 307.733 3Iltiv:' VwO.Pvl 573 : 12? .i-. 3 V. 1 is.-'.. : .1__ ___ .* . . -!' i,*' -. PNYC 00011858  *' *. a * S* i V. ; OEMBIAL C0HhmT3 i TO ABUJVt AT NORMAL RECOYEEHB - Continued Sxaaplee of past unaccountable (x) losses, so publishvd, aru: *:. ... LKAD CQPPBl mvfit CKui) x Tear- 1949 Tear - 1950 tr:}n August - 1951 Uanuaxy - June 1951 3.3015S 3.168* 6,9d* 3.0S2* O'j.hlrj* 3.9i8* V * 4.J7S1* A.6/;5* 5.565* li.llc* } (x)rfh*e# sr all losses Afceept slag loss, which is nearly constant. While it is true thet the Tooele Plant has large fluctuations in contents. vf or-js tui conco ted, there.should he a Wore uniform and >>v* easily traceable fesUtcd of l-nvlin,, ih-t., ivcavary w.d (.percentages. The most preferable more would be eara exact and coeplta i.ivvotuiiwo and butter utpvyj. re seen to bo ample assays. Composites are hard to use because of th* conb.nv fluctuations. Aft*r ill s is done, than adjustments would be proper if needed. An tunoi wally Idk'h ic.jv.otx_cr:t \.oulJ than s*vu call for an investigation if time allewed. In the Montana plant, adjuiti.ui*- ir*> aver/ month texcept June 30th and Deeeeber 33*t. In a discussion' with Mr..Carles Bardwell, Swelter Superintendent, u.i W. M, Flo; J, Chief Clark, th.; aidltor suggested that adjustments bs limited to a few opecitic inrun' wh**. rwvded en-1 t.m all fi tments be shown on the work shoot* as such and shown tc the ktna^^unt each u.-.m-h. This was readily .to by both un. In dieeussing inventory taking, hr. Lardwell ayread wiu. Ur. Floyd that th& flue tu na of the contents of treated custom ores and conecntrat-oa as* a ccn iiijration at Tooele and itnt very fluctuations are bound to occur but in the lont*. i-un loa-Jb: oi .t r.M-'a;_hiy > >*!.tut. Ik also coated ; the point ef lose occurrences are watched and control !ud, 0J.i.n:* su, * tln-t th.-v lueses are not enuy- netleeably. Upon inquiry by the Auditor, Mr. HarJni.ll ett/vd i-Lii he vouid l. glad to have the ey.orat- department give special aeaistanoa to the dark a: Docu.ib,,-r jtict m thuy take invuntut-leu he offered to submit more complete flue and bag Uvuuv iiwo.ii i*i.v>nt tho Lvud Pi ant, uhr u.11 et agreed, the inventories were lax. . In time it is believed that these changes will ut! ! l-.d.h -i i*:.. ; wsc . . y.il eta ef these fluctuations and perhptps will loud tv htir wi i ^ > .. cC tiii eauiol : Removal of the old Copper Plant Reverberatory Funa: c l/>'j .y ..,.. i;.y; i- ..-r 195,0 i large excesses in uetals ever the original irwo.lviy. *11 * -.o;.? *.t cany no values. Tiie final accounting choked the follo-i,^ c t -'M -1 > 195Jt Fumacs Ho. 3. I.--d l :u-/,175 -* V' lid.VtO diiVvV 26,2U.34 3,viS.i:0 Furnace Ko. 4 -VJ ,63'. V/ 566. *W 22... >99 This is further .support to the theory recently pr.-ven a uth;; ti.at the build-'::- of I'urt.iiCv* items over the period of operations tends to U corj;ido*uMv -oti-.ir>. v.vra. The recoveries of f.et losses show up In hig^r c.- ix/v.-:! : *.. from cold slag el. the Blast Furance Plant. . i. .. y.i` ; --t _1 - Ml C(*JCUfiK;rl The Load and Slag Treating Plants wero shut down fr:. A'U-at. 2'rt>, I 21, l?5l, iiwludvj, i-j result of a strike and a fire, loth of which he^ari on .'V, I V -.I A .u li.i'd Mam oii.l-Jt :Vi buJJ.t during the ehutdovci. All regaining Copper Plant invaitorioi uuvv- tt-.ni'anct] tr Plant etauuent* )tave been drawn ip cir.vj t.l'.ut -i_'-. 1 ) 1 J u.Uil-.' 1, V/',9. ptr(C OOOAA859