Document DzMEM9B81x4yD5V3GNa3QELa

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AN N U AL REPORT T h is re p o rt w ill be presented to the S tockholders a t th e ir F o rty n in th A n n u a l M eeting, A p ril 17, 1941, fo r th e F iscal Y e a r Ended T3 3 3 32 C/2 2G _ft Goh 'ft -- M -T3 c S ..<cDl *c3o 3 J3 H -3 ^ CO O b3e b03 a CO wbe ^c 0--* `3-3'p f0t4*" ^o S53 ^ h H aGoHHtH " " - S1 ft s ft Q CO Oa5GGGftO03 G J. 45 ft ^5-2 f>t j- =54 ou g s+JS o.Sx a>L^Ha3 3> ~3 -- be H ^ .'w> 2 . 3 g C4 - 2 274t mq ^ a -3 5 45 3 13 c -03 .S G >? _-H U ft -- TS ft 5 8|Sasift'Si ft Q.^4^~rH S S-ft aftsa_Gs3Gs3GtSn "i.arg---laMyfjtff3tt.0O?J gB0 `3b43o^fat_?) M --4rr3t Gfc3ot ffOctgUlMb.SVG ^>J..*,'HfOl)G-^hGSHh SfUt X 3" 8 G ft " os^ jH o ft~ 3 ft *-. u 3 ,, _J i,S ^"d- ft TS_)J g 'GftGft ^jz^j GObo hlgihftag44ff2tf?Gi ftf<t44j3MH--H. oM2G I g ft S.S2% >>. oft r4 Oft O J --a ---so js2^ooSq q ^uSo'-let. 1;^8|=II=| M?oo`2S.d3 C ^3n ^ppiXs'Hu - " S53 <4"3n O3-n Gi-^t w a _r ,, ^vsO^So > r Sfrt4i +J S? '--- s2 rs SO'. 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Government Securities (Market Value $1,218,804.99) Other Marketable Securities, Domestic (Market Value $ 878,253.13) Other Marketable Securities, Foreign (Market Value $1,742,584.00) Accounts and Notes Receivable....................................................................... Less Bad Debt Reserve................................................................................. Notes Receivable from Employees................................................................. Inventories (at Normal Prices, Excess at Cost or Market)................. Total Current Assets..................................................................... $ 516,928.53 1,331,617.16 $11,314,322.29 ____867,043.09 $11,167,757.97 1,159,923.90 1,848,545.69 10,447,279.20 231,246.13 19,604,316.74 $44,459,069.63 Investments and Advances: Affiliated Companies (at book value in no case exceeding cost) : Domestic ....................................................................................................................... Foreign .................................................................................................................... $6,178,535.93 4,811,818.25 National Lead Company Capital Stock (29,883 shares Preferred A; 25,815 shares Preferred B; 3,210 shares Common) (Market Value $9,170,857.50)........................... Miscellaneous Investments (not listed on any exchange): Domestic ....................................................................................................................... Foreign ......................................................................................................................... $ 358,309.58 77,840.00 Total Investments and Advances $10,990,354.18 6,950,229.77 436,149.58 18,376,733.53 Fixed Assets: Plant Properties and Equipment--Gross Property........................................................................... $79,504,810.75 Less: Depreciation and Depletion Reserves......................................................................................... 32,436,827.15 47,067,983.60 Patents and Licenses.................................................................................................................................................................... 607,006.41 Deferred Charges ..................................................................................................................................................................................... 419,440.29 $110,930,233.46 LIABILITIES Current Liabilities: Accounts Payable, audited but not due.............................................................. Tax Reserve ....................................................................................... ........................ Dividend Payable February 1, 1941 on Class B Preferred Stock............... Total Current Liabilities....................................................................... Reserves: Fire Insurance Reserve.............................................................................................. Employers Liability Reserve................................................................................... Pension Reserve .......................................................................................................... Reserve for Contingencies.......................................................................................... Foreign Exchange and Miscellaneous................................................................... Capital Stock and Surplus: Capital Stock: Preferred Class A--Par Value $100 Preferred Class B--Par Value $100 Common--Par Value $10..................... Earned Surplus ............................................ Capital Surplus ............................................ $ 3,659,306.18 3,060,581.26 116,193.00 ......................... $ 4,797,284.02 426,664.30 2,696,572.71 1,550,000.00 166,542.67 $6,836,080.44 9,637,063.70 Authorized $25,000,000.00 25.000.000.00 50.000.000.00 $100,000,000.00 Issued $24,367,600.00 10.327.700.00 30.983.100.00 $65,678,400.00 28,657,970.12 120,719.20 94,457,089.32 $110,930,233.46 DETAILS OF PLANT INVESTMENT Dec. 31,1940 Gross Property..................................................................................................................... $79,504,810.75 Less Depreciation and Depletion Reserves................................................................. 32,436,827.15 Net Property .............................................................................................. $47,067,983.60 Dec. 31,1939 $77,867,229.55 31,313,825.75 $46,553,403.80 Increase $1,637,581.20 1,123,001.40 $ 514,579.80 The present normal stocks of the Company are as follows: Lead ............................................................................................................................................. 49,68734 short tons valued at f0.03 per pound Tin ................................................................................................................................................. 1,124^ short tons valued at .21 per pound Antimony ..................................................................................................................................... 259 short tons valued at .05 per pound Stocks in excess of normals at cost or market, whichever is lower. Contingent Liabilities: Guarantee Norwegian Bank Loan--1,500,000 Kroner Guarantee Swedish Bank Loan-- 100,000 Kroner Guarantee French Bank Loan--1,500,000 France Guarantee Belgian Bank Loan--1,000,000 Francs Guarantee Holland Bank Loan-- 50,000 Guilders 0000-NLI-000018233 U I +J O 3M f--t -*- >^= a . C ^ i) <35 5 . bOM P< g s > H 3 3"< g.S'S a u a xi --' _ "O ft fi 0) o oi <w m os 3w ^.2 ^u c$ .2 01 cs G3 oo_. G >-rt Sh 0*0 oo CO 3 cO ,,, C oi ft T3 2 3 .2 -C ft a ft o a ft flfi 01 >>2 2*0 v ft W o'g 3- cUilS 3 3 gS 3 ^3 0 3 o ft a g be5-" 2 n ai 3^ 5 33 g35 O O c-i ,2 3 a ~' JCZ? 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