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gOARD OP DIRECTORS M E iT O T T w r.
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N11109
3aeretary's Co p t
ISTBRHATIOHAL SMBLTISG AND REFIglHG COMPART
DIRECTORS' MEETIHG - AUGUST 38, 1945.
PROGRAM
DIRECTORS
?\"nv^ T
V V/
Cornelius F. Salley j James R. Hobblna * Robert E Dwyer J William Wraith
Frederick Laist Clyde E* Weed J Elbert 0. 3owerwine
llsQO A. M.
Minutes of the Meeting held July 24, 1945, to be read and approved.
Presentation of Statements of Met Income and of Set Current Assets as of
July 51, 1945.
.:
Approval of Appropriations1
Ho.
Description
151
For a Tale 3coop Truck for ths East Chicago Plant
Amount $g,300,00
Resolution to be adiooppitwedtTrraattjifying the action of the Officers of the Company in executing on August 18, 1945, on behalf of the Company, Gas Sales Agreement with the B1 Faso Matural Gas Company covering the purchase of Hatural Gas for industrial use at Inspiration, Arizona:
action of the Officers of ths Company If of the Company on August 16, 1945,
it between the El Peso Hatursl Oas Company 1 Smelting and Refining Company, covering
Natural Gas for induetrial use at Inspiration, Arizona, be and it hereby is in all respects ratified, approved and confirmed.
Adjournment.
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N11109.02
INTERNATIONAL SKELTINC ASS REEmKC COMPAST KBIOKANDtiM FOB DIRECTORS' MEETING - AOCTST 28. 1W
ESTIMATED NCT INCOME
Month of July 1945,,
Smelting Depertmsnt Raritan Copper Works Lead Refining Deportment Zinc Oxide Department
White Lead Department Accrued Interest on Advances to
Leases Sold Miscellaneous
$ 33,370 79,233 6,311 15,848 ' 5,485
-
$ 73,007
Deduct:
1*
Glacier Peak Lease - Cancelled Advances Written Off
$-
Loss on Sale of Claims:
Walker Mining Company
-
Administrative Expenses
Capital Stock Tax Miscellaneous Taxes
Interest - if Debentures
7,500 1,042
2
* Anaconda Copper Minin# Company
Less - Depreciation * Obsolescence
$ 8,544 $ 64,463
Federal Income Taxes irsr in c o me
$ 19,558 5.400
$ 14,158
Add - Ret Income of Subsidiary Companies
-
CONSOLIDATED NET INCOME
$ 14.158
Month of June 1945
$ 23,806 66,194 6,578 36,274 5,348
-
-
$22422.
$-
"
8,018 1,042
"
-
$ 9.060
$ 70,832 47,822
$ 23,010 6.400
$ 16,610
-
$ 16.610
CONSOLIDATED SURPLUS ACC POST
BALANCE - January 1, 1945 (Adjusted)
ADD
- let Income - Seven Months ended July 31, 1945
BALANCE - July 31, 1945
Seven Moe ended July
31,-1945
$105,567
859,432 42,803 83,265 22,756
13,500 18,296
$893,978
$-
44,628 72,732 11,042
5,935
56,501
$190,838
$703,140 348,117
$355,023 86,800
$268,223
163
$268.386
Seven i.'oe ended Jul'
31. 1944 $ 61,193
605,276 54,661 37 ,098 15.320
40,632
$674,268
$ 60,711 45,240
64,406 5,833 4-;979
234.634
75^837
$491,645 $182,623 336,940 $204,317
$204,317
74.446
$273,763
$642,441
263 366
1910-329
N11109.03
IBTSPJUTIOBAI. atSlTIBg MB RCTIBISO COMPJJTT MBCBAfflHit FOB DIBECTOBS* HB8TIBS - ADGOST 28 ,, 1945
SSTXKATSD BET IlTOOlffi - SMELTHO PBfiBgMHfg
Tooele Lead PIeat Too*i Copper Plant Tooele Sulphid* Concentrator Tooele Slag Pleat Ideal Plant
Deduct! Trameay fepenee Outside faploration Selling CoBBleelon Oxide Concentrator
leeei Depreciation
Month of July 19+5
Month of June 1945
$42,278. ' 2,517
492 22,793 13,100 $30.560
$11,232 38,445 101 24,143
-Ug $20,674
Seven Moa, ended July
31, 1945
Seven Hoa,
ended July 31, 1944
$124,657 210,079 16,473 166,501
-g-2.730 $ 68.832
$ 69,025 122,592 59,207 154,665 103,604
$125,859
$ 150 ` $ 142
550 2,000
547 1,834
610 609
'$-2JOS. $33,870
$_2i!2 $23,806
14*642
16.009
$*8,513
$39,815
$ 952 160562 15.132 4,089
$-j673?
$105,567 114,441
$220,008
$ 1,277 38,287 19,386 5,716
$ 64,666 $ 61,195
134,236 $ 73,041
PNrcoooo68ec
N11109.04
ISTSRffATIOifAI, SMELTING ASP HEFIffllfC COMPABT
D,IHECT,Cgg;.lffiB!;iHQ
28, IHS,
ESTIMATED, SET IHCCME - HABITAH COPPEH WORKS
Profit on Toll* Profit on prealuae Profit on Gliding Bt*l Profit on Sla Slectro Sheet Department lficll*nou* Income
De* - G*n*rl Kxpana* Selling Expense*
Boring bpanata
L*a - Depreciation
Month of July 1945
Month of Jim# 1945
$46,436 36,5*8 2,900 10,326 691 800
$81,901
$35,073 21.794 1,138 10,937 561 820
$68,047
Seren Kos* ended July
Jh. 19*9.,
$566,004 134,011 80,244 78,023 4,825 11.062
$874,169
Seren MoaQ ended July
31, 1944"
$466,663 40,096 43,565 66,000 9,170 12.100
$619,254
$ 1,000 837 831
$ 2.668 $79,233
25.135 $14.098
$ -, 1,022 831
$Ju8& $66,194
27.460 $38.734
$ 2,000 6,803 3.334
$-14.737 $859,432
195.245 $164.187
$ 2,000 5,627 6.351
$ 13,978 $605,276
201,764 $403.512
PNfC000C6861
N11109.05
UTRREATIOHAL SMELTUG ASP RKFUIEG COltPAEY MaPBABPPM FOB DI55CT0RS* MBCTIKO - ACCOST? 28, 1945 e s t ima t ed isr ib c o h b - l e ad k e f is ib g , e ih c o x id e Aim w h it s Lais DspABTtfimrrs
LEAD RKPUIHO DEPABTinwr operating; Inooa* Leaa: Depreciation
SET isqous
2XKC OXIDE DEPiWTnW? Sales Of zinc Oxide Slab Slno
Cost of S*iea - ainc Oxide Slab line
Operating Profit* Sine Oxide Slab Sine
Depreciation* Sine Oxide Slab Sine
Net Inconel Sine Oxide Slab Slue
SUC OXIDE Pound* Sold
. Salea Price Coat of Sale*
SLAB SUC Pound* Sold Sales Price Coat of Sales
WHITE LEAD DEPinmumi Salta of Lead Produote Coat of Sale a
Less* Depreciation
EHT UOOEE
Pound* of Lead Product* Sold Sales Price Cost of Sales
Month of July 1945
Month of June 19A?
SeTen Mos, ended July
31. 19A5
SeTen Uosfl
ended July
31,, 1944
$ 6,311 2.818
$ 3,+9?
$ 6,578 2,538
$ A,040
$ 42,808 -^225
$ .. 24,583
$ 54,661 20,652
$ 75,313
178.189 A# 18A
*18^22
$162.3A1 4*184
$166,529
$ 15.8A8
$195,738 20.A79
$116,217
' $159,464 .20,479
$179.9A3
$ 36,27a
$ 15,848 $ 1.199
$-36,27A $ 1,279
$ 889,187
154.210 $l,OA3,397
$ 805,922
--15A,2lo
$ 960,132
$ 83,265
$ - 83,265
$ 10,951
$ 1A.6A9 --:--
$ 1A.6A9
$_Ia 2I $ 3A.995
$.j ia m
$ 10,951
$ 72,314 -
$ 72,314
$858,770 72,795
$931,^65
$823,098 71,369
$894,467
$ 35,672 lo4-26
$ 37,098
? 14-D 8 89 1,084
$ 15,973
$ 20,773 3*2
$ 21,125
2.10A,050 8.47#
7.72#
2.2A3.150
8V 7ai*
10 ,366,560 8*58# 7,77*
9,922,483
8.65# 8.30#
50,030 o 8.36#
240,622 8.51# 8.51#
1,,812,176 8.51# 8.51#
861,098
8.45# 8.29#
1 A6.16A AO,679
$ 5.485 1*110
$--1*375
. 525.136 8.79# 7*75^
$ 2A.02J
-2?.37i
$ 5.3A8 ----536
$-5,884
258,815 . 9.28#
11.35# .
$ 398,134 420.890
$ 22,756
-5,255
$ 32.011
422,486 9.00# 9.50#
$583,508 598,828
ft. 320 .14,315
$ 29,635
6,617,766 8,82# 8.85#
PNYC00006862
N11109.06
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IBTSRS1TI0SAL SMELTIBO ABD REPIBIKC COMPAHT IgVOHAJTDUH POg DIRECTORS': ICEBriEO - AUGUST 28, 1945
BCT CCSREST ATO OTHER ASSETS - JOLT 31. 194-5
C'JRRSBT ASSETS: Supplies
Metals: In Process
Finished: Lead Copper SllTer
Cold
By-Products
8,759,612
lbs. O
17,803,176
lbs. O
1,893,175
oss. O
17,868.215 oss. a
4.468* 9.129* 36.12 4 $34.45
Bserre for Freight and Refining Charges
Manufactured Products: Lead Products Zinc Oxide Raritan Copper Works - Electro Sheet Dept.
Accounts Receivable: Tolls Others
Cash
$ 391,379 1,625,313 683.739 615,569 18.927
$3,33*,921 699.076
$ 160,625 32*.438 12.168
$1,176,969 638.071
$1,045,688 2,298,780
2.635.851
497,231 1,815,040
622,901 $8,915,491
CTHBSST LIABILITIES: Taxes Accounts Payable - Inter-Cosipeny: Anaconda Sales Company Other Accounts Payable Wages Payable
BET CUHRSST ASSETS
OTHER ASSETS: Advance* to sundry mining companies, including advances on ores, less reserve Installaent' house and land sales and other accounts receivable, less reserve
BALAICK - BET CORRKBT 1SD OTHER ASSETS
$ 1**.539
*28,134 1,193,212
1*5.217
1.909.102 $7,006,389
$ 11,244 11.822
23.066 $7.029.455
a PNYC00006863
N11109.07
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SHC OXTDSt Production - Lit. StliTCrlti - Lbt.
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Btllrtritt - Lbt.
Month of July
-iw,;
Seren Ifoflo
ended July
31, 1945
Seren Moe0 ended July
.31,1944
Per Cent
Increase
Decrease
314.256
568.142
214.030
8i |15.173.
3.089,482
5,259,373 5,819,975
1.976,400
fl?,112,185
16,167,933
21,837,370
6,103,171
11,212,968
2,918,189 78,457.912 98,692.240
26,865.287
38,904 1.056,896
1*095.800
773,064 9,244,557
10.017.621
558,658 7.431,037
690,208 8,679.903
20.597,256 1.056.896
m^oiVid
6,265,949 480,278 3.250
239,235,002 9,244.557
229.990.445
40,626,181 5,361,574 45.298
188,116,704 - 7.431.037 180.685.667
44,395,487 7,175,241 62,968
2.6
18.7
15.4
27.3
8.5 25.3 28.1
200,000
" 231.965
6,131,137
4.300.000 1.900.000
--r>?*77
-- 505.477
39,840,021
7.050.000 2.450.000
958,275 .10.358^275
45,512,873
37.2
12.5
214,030
_____ 2i4
245.995
3.623,982
4,792,035 1,976,400
305.477
i.oil.ni
27.645,581
8,308,198 2,912,118
899.406
12.119.722
32.059,967
2,511.400 2,104,050
11.385.970 10,366,560
10,260,030 9,922,483
50,030
1,404,494 1,812,176
372,976 861,098
41.6 13.8
11. 4.5
276.5 110.4
pNVC0C006e64
N11109.08
A regular Mating of tha Board of Directors of tba
IHTERMAT1ORAL SMEBTIXO AHD RXKXI80 COK?ATT was held at the
offlea of tba Company, *o. 20 Broadway, lev York. X. Y.. on Tuesday. August 28. 1945. at lltOO o'elook A* *
PRKSXlYi
Messrs:
Hobart K. Dwyer William Wraith Xlbart 0. Sowerwlne
ABSENT:
Messrs: *"
Cornelius H. Salley JaMa R. Hobblna
Frederlek Laist
Clyde X. Weed
Thara being no quorum present, tba Mating waa adjourned.
(S) W. H. GRAHL
Assistant 8aoretary.
PNYC0C006865
N11109.09