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JUL 111958 s t at PistWt iTcQaAl Kd ip t OTMATIWil. 3HB.THt> AMD BfaPW Kll>AIf TMB1 PLAIT - TOM. UTAH K.H..PgORT.mCb*jAnUDaIT ^OftTmRB SjUyLaPxHaU*qCmdCSmmtAaTmOI, TUB IXAD esgm. PLAIT AID .. q t aUmSnSoUOj aTwIUiTaXi.VOmPsLAIT XXBLSLJMUUS2L It. I. Kathavay D. 6. DsLoaf D. B. Ia mb srab 10, U fey 31, 1950, ImUiIt s Map 16, to 19, 1950, ImIs s It * Map 1, to 4, 1950, ImIbaIt a Audit of tha Motallurgieal roeorda of tha Tooala Plant of tba XotamatLonal Itoalting and Baflntng Ompaay for Pao bm7 1950 inolodad Um Sulphidt Conowtrstor, Usd flaat, and Blag Plant. Tha roeaipta in tha Bulphidt Concentrator vart Aoditod 1005. tha vaigbte, iwiyi, oentraata, oottlanmta, and Otis o at * anditad la datall. Th* l**d oonemtrataa trwfrr*d to tbo load Plant war* anditad Is doUU. Iron oooeantrata* to Anarlean baaltlng and ftotlulng Covpany **r* oaditod apprnslaataly 545* Th* sine amaantrataa aottlad for by Th* Anaconda Ooapasy *r* oaditod so to valgbta, aaaay* pralinlaary aid final oottin-art. Poor of th* Load Plant r*o*ipta **r* aoditod 1005. (to* of th* r***ipt* vaa aoditod approdaataly 541. Tbo igbta, aaaay*, lot ahat* and aottlmanta on tha abora roooipta war* anditad in detail. Tho aatto, apolaa, and load mijvonta var# oaditod 1005. Too of tbo Blag Plant raeoipt* wn aoditod 505* (too of tbo rooaipta m aoditod 1005. Tha oalgbta, aaaay*, and tottlnaant on tha abort roealpta vara aoditod in dotail. Tho daltadad tint ftoao to Motional Sint Oonpany vao aoditod 375. Tho daioadod six* fune to Tho Anaaooda Ooapany vaa anditad 1005* Tha dalaadad sin* foot rvtenwd to tho Aoorloan Zino Ccapany mm aoditod 1005. Th* latar-plant aor-mia v*r* aoditod in dotail* Th* aadaHno fin* oottlod for by Tbo Amoooda Ocnpany - (boat Pall*, Montana and cadaina fuaa at Croat Palla btlonglng to Intaroatlaoal BwIMng and Bafinlag Oea^any d m not anditad Th* Auditor eb**rr*d th* taking of inwntorio* on April 1 and May 1, 1950* Tha Pabroary lat inrmtorioa var* ahaekad fron phyaieal aod oatiaatod raporta an into tba otatnoaota* Tha Nay lat Inrnatariaa var* ibaafcad to inrantory rooorda. January oork ahoota and lUtmot* vara aoditod and follovad through to tbo flail nmalatlT* aUtmanta. I* X. lathamy, Matallarglaal Auditor M*y 31,1950 PNYC 00011799 ' amnia ait o mnwire o o k t ak t . rzm PUT - ronfr* nr^ >W Of J^IAST 1SS6 x-jug,,.r x ayjjniTOF. c c w j v pt r at c r i Receipt* 7!ilpr>en*. lir/antorls* cluttlon tf Inventories UM3 HOOTi Receipts ^iprerts tfiee*U*r*ws Tntcvplant: T**nsfw* Pour IHv*l.or. cf 1 wt Plant 7nvntcrl*s t*s< Or*# fy-Product* Valuation ef Inventories 3nn miai Receipt* Shipments Inventories Valuation of Inventsrios W0WR3 A5D DnOIOEr4j;eTFf., Tend Plant cwwui. I'cwmrrtt fh'lphJde Conscsttmtsr J evl plant Slag Treating Plant 1 t# JU 4 to 2, inclusive 4, lodurtvs 4 7, inclusive 8 to 13, inclusive U t* 15, inclusive 15 to 16, inclusive 16 16 16 to 16, inclusive 19 to 20, inclusive 30 to 21, Inclusive 33 to 25, inclusive 25 to 26, inclusive 26 to 27, inclusive *, ; " ..2 .( ^gfe.PNYC001179A MB,: IWttuaia Mg,ailiU2a v ',;' -. f ?':vv.;j -,rl j,;i , . AT * . At * r.4i WSi CTMfflllfll Shipments from the United Park d\j Mines Company aoooaeted for 100$ of Uo 1958. Ocmaaatrator w4* la In--ry . following wo i > pertinent provisions of the contrast with tbo felted fut City Maws told 70% op to and laelndlnf *05 o. 0132.816 por oo. - 80$ over .05 oo* 132.816 per M. I....................... - 15 ooo. or nadcr, pop for 83$ at Mat price. - Oror 15 ooo., pay for 90$ of the mcoooo oror 15 ooo. t Mat prloo. - JOnlaua dodoofelea *5 oo. - 70$ at lav York electrolytic prloo, looo 6.8565# a i of 15 Ibo. - 83$ low 2.9565# ntntana deduction of 20 lbo. - 65$ low 3*2975# *ea alao la 5# por lb. or looo. 1 this * por pound for oo* 1# taoroaw la prlw of Mac oror 5# a NootUjr overate on MM-- dodaotlom. m of 3*2975# add .4# i detection of 10 Xbo. - #1.49 por dry ton - orodit Utah Oro fl flint Company CfiHnj 50>## |por dfy toa, adjusted to | of actual Utah Oro Bwpllnt Otmgmtr Cfllnt ocpww far Cthe aoatfc. tellies Freight - 829*63 and 820.45 (lnelodoo tax) Splitting Unite Gold - 0.02 oc. por ton Sllror - 0.5 os. por ton -0.5$ -0.3$ Xiao - 0.5$ toly wotloo no. 2 portion of the telphide Concentrator u nood durlat the aootfc of Jammy 1958. dll volWto. acorn and ralao of rooadptc ooro wdltod la dotaU for January 1958. folloelnf it a schedule abotdnt tbo dotallo for fourteen Into, *1* ooro roooirod from the felted fa* city Maw Ocmpmaf Goring the aooth of January 1958 Poreant aolofearo Percent load Controot pomade - lend Paid panada - load daonat - load Prloo deduction . load Contrast j Parowt alao Oeatroot ponads - alao Paid ponads - sine 21ao adjustment - January 1958 daonat - alao lino adjustment - Jonaory 1958 Prlw dodoetlon tine lino adjuotwnt - Jaaaary 1958 tonooa por toa - aUoor Contract oooew - silver Paid eonew silver drount - aUoor Oootraet onaow * Paid oorteoa - 3 973,724 li.M7 1>138.70 rSjEii, 2.83 $ 17,133,974 6*074$ 1,040,709 _ 858,510 *11,604*8 8 25J81.79 0425$ 21,418 8*45$ 1,515,557 9854U #98,51201 #5248644 ; 68,235*9 asar ? *.;. 0*253 216415 130.596 # 4,283*87 \ ww nrt tttt c tin* AdJUtMt Otah fir* daayfllng Company KUmUj mo q * Oapir* Aa*ay Ctah Or* laspltni Company fr*ijbt *&**>? Sin* adjootnant Utah tea 8--rrtlnd Oonpany - AdJurtMcti Auaary 1951 *57,585.48 1 535.47, ;r*58,?89.OT r^-nVvj*: Hr . .. .. lb* Otah Or* topm Coopany *wpi*4 and w*ifb*d this or*. 1b* SatarMtlflud Itarttlng and Ufiaing fenpwy aaaapto ad ** th*** weight* and nodatnroa bat iwigw tha aaaaya of` ~iltod Tark BIty Ban Oanp**/ idth thadr < w, and^ ' all* far (tapir* ***ay* tarn n**d*d ill Jmamrj ihlch bnd sine b*an aoataat* **r totaled and araraftd ad th*__... wa* paid far th* flveo th* 60 pond slniwas dadaation, b*o*aaa of low contact tin*. MUm* Tbi* i* of *1m allow* in in ***** i lot* Vth* otrMt;;:-: if th* monthly araraga uw; 1* high anoagh to r*oaiva th* 639( pagMt, r in J*na*i7 thm mr* 11,387 . sin* paid for t 4*70250 par pound. 7b* dUTeraae* b*tw**n th* January anydlng er*dit total (50| par dry ten), and half of th* January eaafillai a!tar*jv.r (*.14 p*r art ten) wi paid to th* *hlpp*r * allowed in the atntrawt. 1b* atapllny rat* wa* *.00 p*r at tin* of loot aodlt. Ibl* rat* wi inera**d to *10 par **t ton in Ootoborr i1w95T4aaa-d tU"U paTaat'tea on Marah 10, 1957. following 1* a otatonant of treat--at, prodaetion and loan** far th* nonth of Jtnaary 1958* a auyii* tao oara, totalinf approgtaataly 440 w*t torn, or 586 dry ton*, waro transferred to th* Uad Plant for treataant. . A-r.- aziTMff Cf -a n rtn r - mtaunm akd uasp Viina or psopt ct icw - mht t pNYC 00011802 1f> F J " 4* pHlPMBrra - Continued i^d Concentrates to Lead Plant vmmsmnmm -Ilitre -were thro* ears, 159, wst tons, or 145 dry ton*, of lead eonoentrates In inventory at January 31, 1958, The bow three cars were transferred to stockpiles la February 1958* Usually the lend concentrates are transferred to the Lead Plant and all inventories axe carried as Lead Plant inventories, A schedule of payments and credits, similar to the lead Plant open contract, is need tor valuing these concentrates for transfer* The schedule, ineludl&t latest chances in freight and labor rates, la as followss Lead - 1*5 unita, balance 95Z Sew Tork Electrolytic Pries, lass 2.3565# par pound* Copper - (minima deduction - 10 lbs.), 90$ Mew Tork Electrolytic Price, leee 3*8565# per pound* Zinc - If 5$, 80$ 22% of East St. Louis pries* Vo penalty if nadir 53* Silver - If 1 ounce per ten - 97|$ Mint Prioe Gold - If .,02 ounoes per ton - 91$ 135*00 per ounce. Iron - Credit - 6# per unit* Insoluble - Charge - 10# per unit. Sulphur - 2$ free balance 25# per unit - maximum |2.25 per too* Zinc - Charge - 15# per unit paid for. Treatment - (14.625 per dry ton plus or minus 8# per unit of lead ever or under 48$. (after deducting 1*5 unite) All weights, assays end value of shipments ware audited in detail for January 1958. Tm firm*ultra*~ Ft Ft fmr - flrfieid. ot*h In January 1958, eleven lota, 4,561 dry tone of Iron Ceaeeotretea, ware taken fron stockpile and cold to Anerleaa Smelting and Hefining Company, Oarfleld, Otah. A value ef (2,00 per dry ton was paid for thia aoneentrate aa par letter to Mr* 01en Burt, Ore Buyer, dated November 36, 1957* All weighte and aaaayt used are taken fron Axterioan Smelting and Befinlng Cospany's settlement sheet#. On the Statmwnt ef Treatment - Production end Locoes the Iron Concentrates are shown as e return from Lead Plant end a sale to American ftaaltlng and Befinlng Ocepeny, for came weights and value. In January 1958, 54$ ef the settlement sheets were audited in detail and cheeked to eumnarr sheet. Zinc Concentrates Shipped to The Anaconda Company^ Anaconda. Montana During the month of January 1958, there were 26 care, or 1,348 dry tone, ef cine concentrates shipped te Anaconda, Montana. The mights, moistures, end assays for material chipped art baaed on the International feelting end Befinlng Company calculations. All weights, moistures, and assays Mrs audited for the month of January 1958 cm shipment. 21n< Concentrates Settled For Bv The Anacordu Coroanr - Anaconda. Montane There were 26 ears, 1,462 wet tons, or 1,339 dry tons, of tine concentrates settled for by The Anaoonda Coupany in January 1958* The wet weights, moistures, end dry weights of Tho Anaoonda Ocmpany ere need. Assay* art tested for putting limits and tbs avsrage is ussd units* outside of splitting Unit. If outaid* the limit, repeat assays are prepared and result of thsss assays are used. The splitting limits are as follow*i Lead * *3$ Zinc - .4$ Silver - .4 oc. per too Geld - .005 oe. per ten Insoluble - *4$ Iren *4$ The preliminary and final aettlenrots were audited in detail for December 1957* Also the preliminary settlMsent for January 1958 was audited in detail. jgrarapBi The estimated tonnages wore checked to the "ore in bln record books" on file in Mr* dark's, Chief dark, offlas. The actual moisture end assays ware used to calculate contents an a first-in, first set basis* The lead concentrate was carried in tbs Sulphide Concentrator inventories ami transferred to stockpile In February 1958. Actual weights and assays were used In calculating content* ead values of cantootretea* The sine concentrates on hand wars estimated by Mr. Kett&er, Sulphide Oonoentrator Superintendent, but actual assays were ussd in calculating contents and values. All the concentrator bln inventories at Psbruary 1 end Iky 1 ware checked to the inventory work sheets. The Auditor seeonpanii'd Hr. Jests leugy, *<>t*llurcia*l Clerk, sod Mr. Sdscn Porter, dark, on aa inventory observation of bins oc April 1 and Kay 1, 1958. At this observation, all bias were measured end the car* with concentrates were observed and later checked to reports of material on hand at Pebruaury 1 and May 1, 1958* or* in, flat Following le a statement showing the value of ths bin Ixzvsntorise, as at January 31, 1956t . iA * 5' : ' *' -t, || PNYC 00011803 is 3 3$ q n is? ;n & . ,<4 i * 5 SR SR i 4 51 < 4 R * 5 R HS H2 TAICT o r MMSBIAL CM HAHP - JAMAHT 3 1 ^ 5 9 Miy"% pNVC 00011804 SOLPingR COKCBTlKlTCft UitllATTOS! Cf HV5MTCRIB3 - Continued 3 Ora n Pina - Continued * \ TO* or* la Via* la valued at cost, on a first-in, Mrst-out basis, axospt for silver and (aid* The total *llvr ounoaa paid for w* valued at 34.75* ptr ounes. The total valua of (old paid for lsdlvidsd by $34.51 to arrira at ounees paid for and thla total la valued at per ounce. Due to tha dlffr*oca 1a terse of the jwsny contracts at to the per>- tent of gold paid for and t.;.a price, all ar based on an apprwdnt* $34*91 prloe par ounee* This la uarket prioe leaa coat to aarket. In* Following la a atatectont showing the value of the lead concentrates oa hand at January 31, 19581 LBLD CCWCHTBITBS Of HAKP - JAWPAKT 31. 1958 Lead C o p.p * x ___ % Weight Fsr Par Per JTkO Pound* Ceat Pounds Cent Pounds Gent Oa.per % Qaneee Ton Ounces Ina % CaO Lead Caneentratea On Head 9.224 289,031 71.600 206,360 .800 2,312 4.400 12,717 58.590 14,247.78 .1150 16.419 2.20 1.80 16.05 .60 Dj.il.JU lead Copper Silver Cold Con tietal Deduction - lead Coj<pvr Credit - Iron Debit -- Insoluble Sulphur Treatment ten t a 206,368 it*. - 1.5 t 95* 2,312 lbs. - 10# or 9051 14,247.78 etc. * 9?l* 16.619 ess. 91 % 46,823 lbs. - 2* C o n t * n t s Fa 191,9*1 lbs. 8 ) 867 lb*. 13,891.59 oas. 1 15*123 oss* .13000 25114 .34750 35.0000 0 r. 191,931 867 lba. * lbs. 8 .023565 .038565 4,522.85 33.44 5,203 lba* 6* per unit 15.61 6,359 lba* 8 10* per unit 41,042 lb*. 1 $ 2.25 per ton na or 25* pear unit 144.5155 tons 12.8730 31.80 325.16 l.ftio.TS $ 6,757*99 C r. $24,951.03 217.74 4,827*33 529.31 1 $ 30,525.41 $ 23,767.42 Base Credit - Lead over 488 8* per unit $14.6250 1.7520 $ 12.8730 The lead concentrates are usually carried on the lead Plant inventory records. Xh Jainary 1958, there were three ear* hald la Sulphide Coocentrator Inventory and In February they were transferred to stockpile, lead eooeentrates are valued at the contract price except for silver title* is valued at 34*75* per ounee. The (aid contrast prlee is $55*00 per otstoe and this value Is used for gold valuation. line Concentrates Following la a statansnt showing tha value of the tine eoneantratos on M at January 331, 1958* P: H *'. 7 PNYC 00011805 YyjATlCM CP mOKTCftlP - Continued gfrc Concentrate! - Continued yiflffll .SgGBIMWI gnc-gomaaMmqt em jx> a nnan - j amux n. i** 7. C*i Han-1 end In Treneit Dry * Height Per - 9 ft.s t r __S.la 7. For Per 9 11 v > p -JLul 4 Oe.pcr Ot.per H20 Pounds Cent Poundt Cent Fronde Cent Pounds * *1 Xft -2. t 7.490 533*949 .900 4*905 .250 1,335 61.600 329,924 2.390 63.9 .0190 4.005 1.60 200 31.50 .20 P~-E.... T A ,,I. 1, Con Zinc Silver Gold Treatment Freight Labor idjuatsent tent e 328,924 lbe. 639.09 eee 4.005 one. 85* 60* 80* 279,585 lbe. 8 .107223 510.47 mi. 9 .34750 3.204 one. 33.790 266.9945 tens 29.690 289.600 tone 9 9.9237 266.9945 tone t 10.200 let ---- BJCe. 7,65702 2,575.39 2.72*.2k 12,933.74 $ 29,977.94 177.39 106.23 30,263.36 $ 17,307.82 line concentrates ere etill valued at the eontreet eelee pricee except for direr ehleb la relaed at 34.75* per ounoe* The eontreet ftatee a gold price of 133*78 per ounce end this le need for valuation. In^rew On February 1, 195s no fixed in-pro-sew inventories are reported in this plant beeauae it mi between nms uben the inventory uae token. 1* * sehodulo shoving th dotalls o f natsriaJL rvc*lvd during th sonth o f Jwjunry 1953 c a tit iS. Ha vt>it VN SVNt 3 tf s ? g . S n&c? * k a RSs rs g H s r\ St 8S i. R nR a a' s a ** 8' as H3 S ? ti * S *4 '"frt 1 *4 * * s m3 as n i as i gr* 1. 38 a 8 a 832 R 4 R s <4;}J IT 83 s .32 8 1 3 Pin5c a *s a gssg i ms e i g' 3 9. RyrrPTS - Continued ^>"*d fttUi Bsfectlon Co imw - Bauar. Utah - Concentrates In January 1958, do* lets, or 488 dry ions, war# roesirod frc th Combined JftUls Itafeetlsn Ccapaay. Tbi* oonoectrat* accounted for 24# of tho load Flant receipt* in January. Thi* eouonjtrat# la weighed and a soister* is proparod by International Saaltlng and Safining Company for aattlewnt purposes. The Intamatlooal flaalting and laflnlng Ooapanr aaaaya ara averaged with shipper assay* and tha average assay 1* usad for aattl--eot, anlopa an uapir* assay la needed. lepaat assays ar* pri^arad bafora unpiro aaaaya ara required. Tha sehadul* for payment on thla eoneantrata la as follows! Oold Silver - If ;Hl o*. or orar, 935 6 Ooramaant Frio* (135.00). - If 1 o*. and urdar 35 cs#., 951 Hint Fries. - If 35 oss. and under 45 ess., 96# 8 hist Fries. - If 45 os*, or nor*, 97# 8 Mini Frio* Month's raealpts to b* averaged, txalnsivt of end* ora, and adjusted aatttaaapts by etat*~ awit If ahlppar la benefited. - If 2.5# cr orar, 90# of eettlamat laad (aaa detail of settlement laad) at M I. Frloa, laaa 2.1525# (8/26/57) Settlanent Laad Definition: Ifcan laad aria* is under !D4r AmAnat tod pwv tan fH> t *.UT tot<L gflci Founds Palis 1C# and under 11# 11# and undar 12# 12# and under 13# 13# arn! under 14# 14# and undar 15# 15# and undar l6# 16# and under 17# 17# and undar 18# 18# and under 19# 19# and undar 20# 23 1*15 22 1.10 Z1 1.05 20 1.00 19 0,95 18 0.90 17 0.85 16 0.80 15 0.75 14 0.70 Continue to refece laad defection on* pound for aaoh oent la asa* nannar to aero pounds* Copper line IneoluM* Sulphur Zlae . Fay for 90# as lead or deduet Iff and pay for balance at lav fork ELaatrolytle prio* of copper, lass 5*1565#. - If 10# or osar, 80# at 22# of hat St. Louis prio* lor Frlne Western Sine. - Charge 10# par unit up to and laeluding 45#. Chart* war 45# at 3# par unit. - 2# free, charge excaaa osar 2#, to and including 61, at 25# par unit. Cbarg* eotaess onr 6# at 5# par unit. Wajdas charge for sulphur 92.00 par too. - Whan no sine Is paid for, charge tha axoaaa orar 5# at 25# par unit. Wban sine ispaid tot, eharg* all sine at 15# par unit. Monthly average only on sine panallsad at 25# par unit. Iron Mangtnat* - Cradlt at 8# par unit. Lisa It ft over, oradit at 5# par unit. Arssnle and Antimony - If nonthly average la osar 2#, panalls# for axoaaa orar 2# at 50# par wdt. Traetnant - tLO.712 per dry ten oo 20# aattlaaant load plaa and nlaaa 8# par unit. Additional eradlt for aettlwent laad orar 45# at 3# par unit. Whan nat payment as determined abora is lass than 913*00, sradlt 10# of daflslaoay to a maxima of 75# par dry ton. Cradlt for tonnage orar 85 ton* par day si rata ef 1# far sash ten orar 85 ton*. eradlt 50# par ton nonthly ararago. Variation* Labor Coke felllon Freight - 914.41 pin# and alnus 15# saoh 25#. - $25*06 plus and olnut 15# each 9l*00. - 929.63 lseludlng tax - flapper's aooount. Motet This oontraet contain* option for traatnant of load on tell," details ef option is exercised. ***n not bo dotallod until 10, - Continued muim frblned fetal* JieducUor. Caaxtnr - Continue Variations Splitting Limi;a Cold - 01 c*: per ton 911v*r - 0.3 oas. per ton Lead - 0.4$ Copper - 0.-2$ Zinc - 0.5$ Insoluble - 1.0$ Sulphur - 1.0$ Manganese - 1,0$ Line - 1,0$ Iron ` - 1.0$ 54$ of the Combined Metals Reduction Ccnpany concentrates were audited la detail for January 1958. Silver Hlnss Coroanr - PUcha. Hovada - Crude Pro Two lots, or 555 dry tons, w* received la January 1959* Itila oro accounted for 27$ of the Lead Float receipts la January. Weights and noiuteres ere prepared by International tealting ood Refining Coapaxgr for setUmnt proposes. The overage assay la need fcr settleouat unices oa uspire assay la aeodod. Tbe schedule for pcynent on thla ere is oa follows; Cold SUver Insoluhl# Zinc Arrcnle Iron Manganese Lime Treatment Comon Labor Pulliou Freight fetal Fries If .OJ os,, icon 9 131.816 per oa. If 1 o.t 55$. 90$ *t Her fork Electrolytic, lose 3.85651 lb. alnlrm deduction 15# per ton. tion 20# per ton. Charge at 5< per unit. 1C$ free, excess at 30* per unit. 3$ free, execso at 60# per unit. noxious dedoo> Credit at 5# per unit. Maxima credit H.00 cer ton. $8,876 par dry ton. If value of notarial la $9.00 or leae, credit $1.00 per ton. neons pay*out for totals plus erodita and ainoe treatment and psnaltiss.) $14.41 variation 15# sash 25#. $29.63 (includes tu) Dote of errivol of first car in lot to govern. (Talus Hla schedule effective with receipts at Warren Junction co March 1, 1957. as per letter to Mr. 0. D. Hurt. Ore Borer, dated Parch 1, 1957 < Splitting Limits Oold Silver Copper - .01 o*. per ton Insoluble - 0.3 oo. per ten Zine - 0.2$ Arsmle Iron, Manganese and Liao - 1,0$ - 1.0$ - 1,0$ - 1,0$ All the weights, assays and costs were audited in detail tor January 1958. EeMgnal-21r.c_few?aa3r^ Inc - ^rtlsevm?, Tdahona - Zinc Lead Meeidn In Jauuary 195?, cne lot, or 52 dry tons, of sine lead residue was received, this residue accounted Cor 3$ of the Lead Plant receipts In January, heights and moistures are prepared by International Sfcsltlng and Kefining Ccupany for settlement purposes.. The average assay is ustd for settloaont unless an nplre assay lo needed, The schedule for payment on this residue la j follows: Sold Silver Lead Copper Sint Artsole end Antimony If .02 or.., 71$ 9 $35.OC per ox* >" If 1 os. and under 75 ose., 95$ t Bundy end Barnon foredga pries week ending Wednesday, next preceding date of sampling. Minima deduetion 0.5 oa. If 75 eae. or over, 97.5$ at foreign price, Dednnt 1.5 units, 90$ at Bow fork IleotnrtyUe Market, Isas 2.5C65#. Deduct. 0.75 unite, VX/% at Ncv Tork B-eetrolyti* aarfcet, lass 6.8565#, If let and under 15$, 75$ 8 22$ of last St. tools pries. If 15$ or over, add to the 22$ of East St. Louis price at rate of 2$ for eaefa 1$ sine over 13$ to iiiwi of 32$ of tbe Bast St. Louis pries. , 1$ free, charge excess st 50# per unit. K.ICHIP1S - Continued LBID PLATT ' *$?' 11. ip. ` fc.94?per Ml dr? ton f.o.b. International. Utah, Aso the ssttlwant load 1* X* or under Credit esttl-aent lead at. lOt por unit sm 30<, M;v>w 'a"*r* Variables Labor 18*773 plus and minus 17* each 251. Coke f25*C6 plea and minus 15# eaeh 81.00. bullion Freight - *29*63 (includes 33? tax). Variation for shipper*a aooount. .'flitting Limits: Cold Sliver Lose - 0.C1 oz. per ton - 0.5 o* per ton - C.45 Copper - 0.33? line 0.53? Arvenie 0.55 Autism? * 0-5% The weights, assays and cost were audited in detail on this otto lot for Jwmax? 1951. imrlcan Zinc Company of Illinois - ^^tn. - ftTM* During the sonth of January 1958, 395 dr? too* ef tin* residue, 22 dr? tons of lead residue sands and 7 dr? tons of sulphide eake wee reseired froa the American Zinc Cospany. The Irtrrnational ftnelting and Refining Ccapsny weights and uolsture are used for settlement purposes. The average assa? 1 need for settlement unless an uapit-s asss? is needed. The schedule for payment of this sine residue is as follows: Cold Silver lead Copper If .02 oz- 913? 5 135.00 per o*. If 1 *,,, 953? at Foreign price. Minimum deduotlon .5 os. Deduct 1 unit, 903? of balance at market, loss 2.35651 Deduct 15 pounds, balance at Hew Fork KLootrolytie, loss 5.85651* Toll Metals Zinc Cadaiun Base Trsstaent Charge Return 80S of sine current!? aa reaidue is treated la for* of deleaded sine fuse, of not less than i'ji grade, aboard ears at International, Utah. Toll ehargo - 86.75 per dr? ton. Month!? composite - If C.1C5 oadalun or over, return 753? of eadeltsa in balls to Croat Falla, Montana 100. days after data of receipt of last carload of sine residua taken into monthly accounts. Toll charge of 50* par pound of returnable oaukdon uSU be aaseeeed in the monthly accounting. 823,18/'. per short dr? ton or 19-51 sine pins 551 oaA 11 wider 19.51 to ssidsn addition of 83,00 per ton whon sine is 12.51 or under maxim addition of 82.00 por ton effective on ehijaunts billed out on July 23, 1957. Hote: Add to base treatrent charge an amount not to exceed 81*10 par ton residua whan certain freight rate reduc tions beeoste effective. Insoluble Iron - Charge excess over 343? at 30f unit. Arsenic Antimony- Charge sxcees over 15 at 501 unit. Variables labor - 818*773 F-u* end minus 201 s*A 25#. Coke - 825*06 plue and ninus 151 *aA 81*00. Bullion Freight - 829*63 for shipper*a aooount. Splitting 'Limits Gold - 0.01 os. Load 0.403? Silver - 0*30 os. Sis# 0.505 Copper - 0.203? Cadmium - 0.085 (Repeat before w|dre) Insoluble, Iron, Arsenie, Antimony 15 Lot Bo. 1824 was ssditod in detail on preliminary and final setUwwnt. Let Bo. 1836 was audited in detail in pre liminary settlement, the transfer of toll charges was audited for Jmassy 1958. -- } PNYC 00011810 ?. - Continued ftioid Hoirtagn-Oancanr Senhl. Pt*h - Load Cron 0ns lot* er 11 d'7 tons* was received in January 1938. aro used for ssttl--enta~ Tbs sshsdals for payments ars as follows; toad - Dedust 1.5 units* 90* of balanso at Isv York ZLsotrolytle* lass 2*5065i Treatment - U5o.36.5p.*r d.ryton.. . v Jj| ;/* Handling Charge - $5.00 if under 10 tons* v This lot wss audited in detail for sonth of January 1958. JhvtoerervU Kwitw Two lots totaling 519 dry tons of arseoie residue were received Airing tbs nonth of January 1958. Tbs International Smelting and Refining Ccqpany saspl.se and weights are used to settle on each lot. The assaye are cheeked for splitting and srs used for aottlenent unless an satire assay is needed* There was s difference in weights and aols- tures between the International ftaslting and Refining Qeapany record* and The inaeooda Ccapany records. ~ and diserspacoiss a detail of ths findings is reported in this idlt. ,,..VVH Schedule for payments is as follows; Gold Silver Lead Copper Insoluble Iron Sulphur Zinc Arsenic Antiaony Biseutli Treatment If .02 os., 91* t 155.00 per os* If 1 os.* 95* * Mint Price. Deduct 1.5 unite* pay for 90* at New York Electrolytic prise* less 2*5065 per lb. Pay for 90* at New York Electrolytie prioe* loss 4*55654 per lb* ulrvisnu deduetlon 20# p Charge 10# psr volt. Credit t 6g per unit. 2* free* charge excess 154 per unit. 5* free* charge excess 8 254 psr obit* Charge all 8 50t per unit. Charge all . 754 per vnit. Charge all 254 per unit. ilO.796 on 31.5* wet lead plus and aims 84 per uni.. Variables Labor - 11.773* Variation 154 each 254* Bullion Freight - 29.63 (tax included) Variation for shipparfe aoeount. Coke 25.06. Variation 154 each $1.00, Splitting Units Gold - .005 oss. Silver - 0.5 os. Lssd - 0.5* Copper - 0.3* Bisnath - 0.15* Others - 1.00* Tbs final settleewnt, lot Do. 1850* and preliminary settlaiNct, let Re* 1846* was audited la detail for January 1958. The Lead Plant received 441 dry tone of lead fbae froa ths Slag Plant In January 1958* gqgsna Following is a statement of Cost - Treatment - Production and Losses for ths Booth of January 1958; 13, \" Custom D*r*in Mines Shoshone Wns* In Bint Custom Darwin Mines Shoshone vines By-products Custom Rost of Finishing L*ad in Wells, Fettles, etc. Ca'lrrlum Plant Scpense Dry Weight Po-tpda LEAD FLAfff Cost of Material Treated Reduction Expenses 4 :f V ' ;:44 . Lead Copper Pound1 founds Silver Ounces Gold Ouneeii 55,568,574 2,036,035 947,632 5,963,736 249,613 237,996 5,637404 1134,856.50 79,056.92 38,356.00 136,087.41 6,831.60 5,100.63 127,067.75 2,214,649 163,685 165,412*52 1,682.389 592,666 14,617 27421.33 31.143 306,220 2,669 5,657.63 56.925 2,906.60 1,196,045 65,994 44,719. 90,875 ; 54,503.76 1,748 3,320.69 5d .. 903.70 186.514 4.056 6.705 145.44 1,496,286 416,431 56,710.43 159.C15 492.49 6,911.09 Custom Ore KStertel front FulpMde Ccr.oentrat.or Slag TreatMnt Flsnt On Hand - 1-3l-5* In Stock Files Casioa In Fins Ouston By-produets Custom Total 4.099,646 7.949.7U vM 153,126.11 194,036.95 796,036 113,607.26 733,463 tettiaJolsi aoi,509.^9 },So,2J 294455 2D.244 967,3 57,683.51 95.366 24,533.27 93.316 J9941343 ... 4.40* 2.135.202 41,774.222 3,193.602 3.972.733 11,395.35 27,916.44 60,020.10 653^32 721.32 261,229 1,065,901 6,076 30,062 416,794 57,624.44 1,294069 10,897.03 65.351 49,601.51 132.940 Cost of Finishing Lead in Wells, Kettles, r Cadmium Want Jtxper*; Total 260.12 /,*,0*3,777 I-9J3S39 CTW.9$ $34,952 U6,>22.9e Treated Prorated tnlo: Custun Darwin Fine* .*!hoshone Fines : 3,733,166 1735419.92 13,2*9,692 *603,97447 2,297,640 67.686.52 1,165,628 43,456.63 Cost per ion Production Leal Bullicn Slag to 31ag Veatmmt Flart A,374,W9 13,243,203 To Ihe Anaconda Cos?-any - Anacjiirta, Montana Droee Bererh.1ral.0r7 Halt# 207,354 Dross Bsvarfeeratory Spsis* -- 114 Total Production 20,1 ,C27 Cos* per pound of Lead 30660# Losses *ro hnticn Prerated lulu t Custom OresOnrwiii Mines Shoshone Mir*-* "-rrent.Savingst Custer Ore D'rw'jj i'ln*r Shocher.e Fines Kecenr.UegpRft Losses per Cost Sheets Deferred from 12-31-57 Deferred to 2- 1-56 Total Total as above *196,581.64 9160,634.98 23,676.71 12,269.95 30.9875 5,660,151 432,261 261,090.77 4,848,530 352,939 412,526 16,565 3470 2434*7.42 30,4424)2 6,761.33 6,209,206 212,775 6,421,983 38,123 50,624 440435 529482 290486.00 1,726.01 2,166.74 32.655.11 326,933.66 561,832 96,821 45,843.09 6,421,983 529,062 326,933.66 . 514418 269,764.50 ,661 12,941 30,416.67 333473 1,631 v 6,732.69 109.5873 122.3998 116.3095 112.6638 124.6733 ? .> 116.6198 93.4698 76.1238. /* 99.9178 94.4008 57.7608 5 V 99.5768 569,663 561,832 97,043 ____222 96,821 ____S3* 96,821 45,973.79 ___122*22 45,643*09 2& 45,843*09 543^*93 634JC 874.100 4.580 4.268 953. 310.736 953,460 659.986 33.066 60.406 148.3475 1564175 93.9405 94.9365 311.007 ____ J&2. 310.736 nil 310.738 Ifr. r . >. ^ PNYC 00011812 ,1. ,v v.* ft, *?T* l?j> ' r.; r*k` < 1.:r um> flAMT wnyrSf-TS - Centimed ,; Bevr_br,t+<>g-gpelsi h In Janeary 1953 swan lots, 407 wst tons or 395 dry ions* of Dross Reverberatory Spelts nn settled for by The Ccopany at Anaconda, Montana. Schedule for settlement of Spelts Is so follows* KaWiel Omshetl rpeios frss of l\rge pieces, skulls, or extraneous material. Spslss should b $* rr miller Delivery P.o .b.,, Anccenda, Montana. In open Hot bottom, drop bottom ears. Faynent for Metals - Copper - 944 at Kew Tork Unetrolytio Frio*. Sliver * 964 *t Vint fries* Gold - % at $34.9125 per nee. Treatment Charge Spelts at. |?0~00 per dry ton fo.b., Anaeonda, Montana. The treatment ehsrgs was Increased frost $20..CO to $?0.C0 per dry ton effective August 1, 1956* the above increase use authorised in a latter dated Angjat 24, 1956, from Mr* V* 1. Mitchell, Manager of Anaeonda Refection Department, to Mr* P. A. Vtrdlaw, Jr*, Qenaral Manager ef International Smelting and Defining Company. Stapling sad Weighing* Speiee to be weighed and auiaaatlody templed at Tooele, Utah, DupUoate pulps to be sent to AnasoTda, Montana for assay* All sera will be (-weighed end ebaek sampled for noietnre at Ana*onda, Montana. In east of wide dlsagreimt ef Tooele tad Anaeonda net weights indteating lose of material in transit, the Anaoonda dry weight, baaed open this weight and moisture, will be need as a basis for settlement. Settlement Settlenent to be based upon weights as above and wnparlsen of essays by Tboele and Anaeonda on duplicate Tooele sample pulps, using the following splitting limits* Copper - 0.304 Silver - 0*50 oat* per ten Gold - 0*005 see* per too In the event results do not egret within these Halts, both parties will repeat their assays. If repeat results are not within Unite, the issues sample will he sent to another labors* tory of tba Company as an laspire. All seven lots wars audited In detail for wights, noisturea, assays, and net aaount reeeived so thaw lota in January 1955. In lot No. S-1.Y2 tbs original assayon copper wee not within the splitting Unite. Repeat assays were reported and they were t.ot within the splitting Unite, the average of the repeat assays wee used for the settlement. It is the Audit or'e opinion that an umpire assay should have been asked for and reported as stated in the above schedule for eettleaent 9**4# frr. UJiftJarapdi, Crami At .toAreafa* 9atai In January 1953 two lots, 119 vet tone, or 104 dry tone, of Dross Reverberatory Matte were settled for by the Anaeonda Cospaey *t Anaeonda, Mental*. Schedule for settlement of >Vte '.s the same as settlsatant for Speisa with the following exception** Natarial Treatment - Motts rhou.ld be 9 ineh or snller. - Matte at AX.OO par dry ton f>o.b>, Anaeonda, Montana The treatnent charge wee raised from $13 00 to $20.00 as steted in letter dated August 24, 1956, to Mb. F. A. MardUw, Jr. frost Mr. V. B, Mitchell. The two lcte were audited In detail for weights, moistures, assays, and net aaount reeeived and found to be eerreot. The lead belli on i ahippsd to the Afterlean Smelting and Refining Coapany at Cashs, Nebraska. The eontraot das dated Kay 27, 1946 for a ten year period townoing June 15, 1946 and mspiring June 14, 1956* This eontract has been extended to December 31, 1961 as stated in a letter dated Decadber 1, 1950. The above letter wee fro* the Aaerieen S-ielting and Refining Cospany, signed by Mr. J, D. MaeKensle, Ties President, to International Smelting and Refining Company, confined by Mr. Frederick Lalet, Flee President. The silver eontelned In all lead bullion delivered shall bs returnable at 1004 within 40 days after receipt at COmhe, Rebreska. 99*54 ef the gold is paid for at $34.9125 per ounce. A quantity of refined lead equivalent to 1004 ef lend eontent lose 8 pounds per ton of lead bullion is return* able within 20 days after receipt at Cashs, Nebraska. The refined lead must not sontain nor* than .14 bismuth. The blsroth contained in ell lead bullion delivered is returnable at 904 ef eontent over ,254 within 40 days. The splitt ing limit on silver Is still .3 ounces up te and including 100 ounces end .4 eunoee for bullion ever 100 ounees aa reported in an exchange of letters dated June 1, 194$, between M*. Carl Oall, Manager of the Omaha Plant and Mr. Carlos Botdwell, Siperinteodent of the Tooele Plant. The supply differential we amended in an exchange of letters dated May 23, 1952, between Mr. J, D. MadCeoaie, Ties President of Amerioan Smelting and Refining Company and Inter national Aseltint, and Refining Company approved by Mr. B. 0. Sowar-wine, Flee President. - jfvM- - ' , . * .. . , f; f y. . PNYC 00011813 \4 - ,T> - i-- t *.s: ';V: ' ? *' f SHTTHCrTS - Continued imam v,,* & i 1$. `t l**A 81Ilian tofrced to (Y*.U\ - Cor.tinuert rkipply Wtfr^rentlsl: Thii differential shall be bared upon the arithmetical r*rtgt of th IwtiooB for (a) fual, power er.l HghtJrj .-peter lain, (b) chemicals and allied products, (e) Mtila and metal products, and (d) Doonetallic ntoerala- pf.rictnrO., as published b7 the Puiwi of labor Statistics of tbo United States Department of tabor, to respect to land VCtlicn delivered or, and after February 1, 1952. Any ttot the arithmetical average of theae todieoB shall Bxoaod <7 A, the rofintog eherg* hereJnatove upeeified a*>all ba increased six costa (6#) par ton of load bullion for each ona-jc'r.t Lu'r*** in v~id avarsge index ibovf <7*1 fraotiono to preprotlon* In applying this differential, the vrarsge ir.dex to V* in rerpeot to lead bullion delivered during any ealandar oonth ehall bo the average todat for the next - preceding ftl*ndir month.** i: *i diff*eti%l for J.vnary 1759 **** Si ,<**, A ?fV. cffe -M-- r>'*r>tr >, 1956 wa* granted the rallraode ae par letter dated Jemary 2, 1957, to Kr. F'-i- v^rJ-oTic-, CHFh.ier, '-ria Vr. c.. A hurt, Aerietar.! lc the Manager Another 7% lnnreaee effective August 26, 1V57 rr.n*<*t to letter dn*e'l A.'giit 29, 1957 to Hr* For. Verburton from Hr. F, 0. Cunard, Aeaietant Ore Buyer. The *< -t srik* a to'el uf a 12?S freight increase plua 3% tax on load bullion* Tooele, Utah to Ctaaha, Nebraska, 'otnl of <11 09 t?kte pi<*e <?i tax on lead bullion. The prT-ltolxnr? and final settlements for January 1950 were audited to detail* Hot 91ar to Win Slat Trcvtncnt Plen*. "he salten slej rent to the 51vr Tr**rir*n*. Plant ia eoopnbfd by Assuming no lose of iron and manganese at the blaet furnace. 7*;ie ci*l treated Iron plus manganese, including that to the eold dump slag, scrap iron and coke, leea the prcducMco of iron sr.d r^ngno.^so In all m&tmrlAlt nxeept slag la the content of the slag* the monthly ceapoaite assays ere usel to arrive at contents, the cost is tranaferrad to the Slag Troating Flint on the foilowing schedule? Zinc Charge Total tine content of noltan slag lass 95* of all sine fro* the Slag Treating Plant treated at the toad Plant during the month plua acid slag sine and toll fine treetad. 75t cf this cosgmted stoe oantent ia paid tor at 20f af the monthly average Prist Meat-era price. Treatment of C3ld Slag Charge - #7 00 per dry ton treated by hlaet furnace. The <7.00 per dry too has sot ohasged since fhe last audit, era'll*, for f'irther Treatment cf Till <6,75 pr dry ten of toll material treated at the Lead Pleat during the month. This material enters the Sintering Plant change bins and beeotae* a part of the atotertog mix. Actual car weights plus beginning inventories were used. Monthly composite assay* wars uaad, Cadntott Caletoe This material la also a part of tbe sintering mix in the Sintering Plant change bins. This calcine le produced at the cadmium roasters after ths Turns ia drawn off. The assay* *** fTeai tbs month ofVevsafcer whan the last assays wars a vailebla. Actual ear weights pins beginning inventory was amount to sinter change bias tor month. Month ef Deoember assays were used for metal calculations. .CftftfhPE,. PW*9 toe beginning toyentery plua aotoal ear weight was uaad as amount to sinter change bins, Tbe Jamary monthly aseeye were used. All of tbe weights, moistures, and assays cf the above materials wars audited to datall. . Sinter to Blaet furnace The product froa the Sintering Plant ie weighed by cars, adjusted by Inventories at the blast tonteea bine and the balance is included at part of the treatment at the blaet furneee. A ftxsd moisture of .75* is used. Fixed loss percentages are need on each metal to arrive at the content of the sinter. Listed an the next page le a comparison on sinter shipped in January 1958. mo ftittt tjrmuwBna wmru~r ntmtM - conttaned n.er tc Flrtst. furnace - Continued fixed Los? Cocy'teJ lone Monthly Assay Conput ed 4s*ay Kont!'ly Heights Coii>ut*M Weights rcCT PT7i3Tf3. cr u0 PUtrr 2 2.05 34.00 * 27.587 % 6,?3C,2 Ibe. 5^*23,511 lbe. > -* n P e r .5 * .3*9* 2.80 * 2.325* 570,773 lbe. 473,942 lbe. &Xa * H5 * *l-a* 9.472 * 2,283,01. lbe. 1,930,830 lbe. silver * * .749 * 36.33 os. 27.584 0. 348,3*5.10 os. 281449.9* ot. 1.0 * 1.005 * *07 os. .0555 e*. 713.4*6 o*. 5*5.*74 . gffiisaire Cadmiun Boasters - run at intervale to produce estates funs SInterire Plant - produce* sinter for the blast furuate Bleat Furnas** - produces lead for droeting Crossing Plant - drew off drees tod poors lend bore - Following le a statement shewing the dctslls of the invectoriee on hood ot JOaoery 31, 195*1 teCu^eatohst JOtrtee 9 Iron Concentrate* Totsl Dry * Weight K30 Pounds -L.2..4-1. t. . LULJULX- Os.per .a>u. Os.per Permit Pound* Pereept Pounds Ten Oanaae JJQua*** 6.3*3 5,137,397 8.320 427,447 .294 15,124 5.Z17 13,401.08 .1199 308.023 4.493 34.616-825 4.727 41,774,222 *-%..g-agg -m-m* *aHja Oree Concentrates Total Bl&AJtornee_.nlt Ins Cusics, Slag Total-Original Material 8.706 429,466 8.613 36,988 6.703 28,788 18*082 3,082*8? *2296 49.313 S7.160 _ 242.999 8.15367?,465 alfiSL. .878 riB..iMittIMflfl'ffMfeg .990 ,2.371.337 3..99B85I 4.579 U,9M,C24 .078 *26j 118,116 Jlo2 MrfSltf *P605 1,359.540 tinier t fa.tyw.tefi.Mt Sini*r Cleni#, etc. 16.708 trad Dress 1.080 Mast Pine Dust 6,477 hi set funee Cleaning* Blast Barrings Blast Bag Bowse F*rr* Total 1,116,740 ?';,44C 736,660 03,960 106,230 ,091,080 43.760 56.600 27.224 *8* ,8--71 12.800 34.483 438,*83 16,664 200,547 _.r. 3ttart} 1,065,voi l.W >8,987 22.C00 6,477 1.315 46,521 to 1.5*0 **T 2.5Ba-"ffcto 50.94? 63*950 >6.126 7.755 .780 16.755 17,277.2* .0970 54*141 941.34 .1500 2.208 5,959.64 .044? 16.4*5 325.55 .0200 . .7 519.42 ,1200 6,373 5$,i -iHE Bros* Reverb. Busies; Drees Reverb. l!att* Total - Ey-orcd-ieis 2.866 449,/i60 - 54.233 243,756 91.215 2200,,449988..6688 ..11889988 42,649 o t * ftahsfl fegHfcgfl '-aB-pfce Gr-vjd Total 4.83 48,940,777 4.080 2,000,462 1.093 534,952 4.835 118,322.98 .0610 1,492.400 Grand total Material on Rand _______ 3.1ZUtfQ tt.OT 4.575 52,066,397 5.725 5,063,570 91.501 143.140.00 .riDO W.50C 1.027 534,952 10.043 261,4*2.98 .759 1,976.980 At 8)00 A,!t. nr April 1 art fey 1, 1958 the luliter aocoapaniod Messrs, Janes Toagy sod Bdaon Porter on the taking of bin aeafircrerts at th * Tooele Flint, The Key 1st inventory was latsr shocked, book, to the inventory work sheets, the lead Plant hut not l*so in cptratioa since January 31, 1958. UBP-lWfilg Ar erttaated fifteen tone of lead dross w cn hand at January 31, 1958. At Ifcy 1st inventory, the 1 > amount mk s on hand. 411 by-products wre cheeked Iron, inventory work sheets to final inventory of ore on hand January 31, 1958. stock^iea and .<?tcek Wro F-'lloaiBg is a etatecent shewing the rains of the atoekplls and bin inventories t 1 hand at January 31, 19581 1:1 W - .'r VP-1 ' pNYC 0001A815 *** *> 7jsnuz j nbsb zuj l w * rstknun [PATTON OP INTENTOnigS - Continued hockclles and Stock Bins - Continued The lots Ars vkled at actual cost?* and charges, but the gold cost is divided by $34*91 to arrive at ounces figure-i All gold paid-for ounces go tc stockpile6 and stock bine at $34*91 per ounce# Mor lories of aU lots are recapped and silver and geld total paid-for ounces are revalued at 34#75 ct per ounce The treatment absorbs* the differecne* Therefore, the individual stockpile records cs with gold at $?/*.,91 per ounce., The total inventory ae used on statement* is revalued for both ol3 This is useful when lots are transferred between plants, because original costs are then needed# taken out of stockpiles and sr.ock bins, they are given average content* and values# Actual freight, refining charges, zinc costs, and treatment charges are u*ed as totaled on stockpile n-Procsss Inventories The Lend Plant completed operations at 0:00 A.H. on January 31, 1958 All of the material in the ci up and nothing rn*ined in process# There are $'*, schedules u*ed to value the by-product inventory# One is tc value the Dross Keverbatc Sp*J.3s- The other is to value the balance of the by-products# The I'atte and Speiea schedule la the sme as the schedule for Matte and Speiss shipped to The Anacor *n).a balance of the by-products are valued as follows: Lead is 95 percent .raid for after a one peroe The ^nomal base* method is applied to the lead valuation* Copper is 92J percent paid for with a pound per dry ton deduction# The "norrral base* method is applied to copper valuation# Silver i* ?4:>75 per ounce* Cold is 94 percent at $34*00 per ounce# The treatment charge is $12.27 per drj deductions, lead 2*2565$ And copper 3-.8565# Credit iron and lime at 8d per unit# Charge ineolul: rrdtu Sulphur, 2 percent free,, eliargo balance at 15# per unit or minimum $2#25 per dry ton# Char per unit. Charge arsenic a* 75# per unit#; 'nighed Mater1*1 rha lead bullion is valued in New fork but any lead bullion on hand in wells and kettles is credited finish - dressing expense,. Tills credit remains on the Salt Lake statements until the following mo $1*7589 per *'cn fixed rest is the same as it was at time of last audit# It is assumed that the Ne usee this credit vihen valuing this lead inventory# PNYC 00011817 TJTTirTS Following 1 ? * stAtement of customs irAierial revived for the month of January 1958* Rl-jr ------ C..c a c e r ULJX ,S________S--11 ^ e r __0 t % Weight Per Per Fer Oz%per Os.p* H20 Fourida Cent Pounds Cunt Pounds Cent gounde ?o& Ounce* Ten S- flr, 3ft To * :frps Co^ 31ftg 1.462 15,297.083 .97*6 149,^35 -2to 39,772 10,06075 1,539,001 ,130 994.31 thlehcnt Pacific Cow^t 3t.eel Sera.! . ftesidue 5-5'iO 251,377 6,200 15,586,328 824 29.956 75,303 3.375 424.24 lr.-rHa On.vo S'f-O Hi? I elan BMito 12.AC0 1 29,157 8 700 11,237 ,300 387 45,500 58,766 5.950 384.24 tal Purchased ;Ve 1 6?1 15,677/17 1-122 175, W t26l W,?83 10t672 1/73,070 .230 1,802.79 njtcd States Smejt^r.g^ Refilling /*rrJ Hlpbifl Coaxsny - Midvale* Utah Fourteen lots of slag, 7/<*9 4ry tons, were received in January 1958,* The total dry tone received * dry tens of current flag end 3.076 dry tone of dump slag. The settlement was calculated on the o q July 1,, 1956 through June 30, 1959. Quantity - Puyer?* requirements Delivery - P.CoK- cars, Midvale, Utah Lead - Pay for ^et lead in excess of 0*90# at rate of 60$ per unito ZiiK - Pay 60f per dry ion of slag when sine content is &t and Iks'; Stc Louis Prime Western calendar month of receipt Is 11? per pound. For each 1% Increase or deereaee in zinc content, add or subtract at the rate of 60# ; For each 1# in.rr*<\#e or decrease in zinc price, add or subtract at the rate of 60$ pe Minimum payment 6O4 per dry ton. teduction in payment for coat of employment. PNYC 00011818 F * r 1 t> t To Mid Including Amoui 7-1-56 7-1-57 7-1-58 finir.f. p-viicrt for slag }0.60 per ton. 6-30-57 6-30-58 6-30-59 i 0.32 0.51 0.70 SLAG PLANT EC2IPT9 - Continued United Stats* Smelting Refining and Kinlng_Co_ - Continued Assoyo Freight - If assays fail to agree within splitting limits, repeat assays shall be made by < repeat assays agree within splitting limits, the average of the repeat assays t settlement* If the repeat assays do not agree within splitting limits, petties be exchanged and assayed* If assays on exchanged samples agree within splittir average assays of the exchange samples shall be used for settlement* If the at samples do net agree within splitting limits, then the average of the repeat at assays c.C the exchanged samples shall be used for settlement* - 7A/56 - 70# plus 3% and moisture (Use 730 tor buyer1# acoount. All ncal* tickets to lot sheets warn audited in detail for January 1953* 50% of moistures to lot s in detail for January 1953* 50% of dry weights Wei's audited in detail* The settlement was audit rctllvrgir,r?l ccst sheet*. r>rblfhe" Pfto5.fic CarjtK Steel Corporation - Los Angeles. California Two Jots of residue, 126 dry tons, were received in January 1953# The settlement was calculated on contract Period 30 days cancellation notice* Tonnage Current production plus and minus 280 tons per month, spaced about one car every Lead Deduct 30 pounds, #0# at New York price, less 10*15351 per pound* 2:t.rm 75% of zinc at ytfl of East St* Louis price* Treatrwnt $12*663 per net dry ton, f,o*b* International* 7-i ?d able a Labor - $18*773 pluo and minus 17$ each 25$ Qoke - $25*06 plus and minus 15# each 25# Bullion Freight - $29*63 (tax included) shipperfa account Shelter assays and sample One lot or 503 c.f receipts was audited in detail for the month of January 1958* iplntrj.i* H* eel Division * Torrance. flfO.1 ferule In January 1953 one lot of zinc residue, 65 dry tons, was received* The settlement was calculated contract: `cad - Deduct 30 nounds, pay B0% at Hew York price, less 10*1535# 7-inc - 75% at 50% East. St* Louis price (no pay if under 10% zinc)* Treatment - ft3*982 Excess Iren - Charge excoes iron over insoluble at 1*0# per unit* Variables ~ Labor - $16*773 plus and minus 20# each 25# Coke - $23*06 plus and minus 15# each $1*00 Bullion Freight - $29*63 - shipper's account* Shelter eaiLple and assays The one let v*s audited In detail for the month of January 1953* 1-ist Fura-v^- Slur (Moult-en3 PNYC 00011339 In January 1958v 6,543 dty tens cf moultert slag was received at the Slag Plant from the Blast Fum&< l \?t Ptirms; GJ.nr Reclaimed From 5>,mp dl n r. SirH O u tr. gs dj? OT O 3 sir? c -cr r> rr\ 5S w Po- tt>i T Ma r O 0. ; *ct?* *Ur J6 C?uU 3g PvSs CV:} ex PNSxrc rs c U'|C;x fc S IS A IIVs fccnw { ** 3<t> h - O <0 ON v- 8Gx rr| x 888 r** %a I-rsi rOsn ttov O-* HNO aa A ri CM P\ w\ rltxf^tp CV h-xO - d t . A srH rOs^nrCs rH K "3a atX*` CxxOx rH< s^OjON VS tv fint* El VCA n ifst- 8 <r A (V $CV r> A PS s l pi Vs| CI rH n 3 a sE~ "* 04 a ea r. H 4^1 4 Til ^fr3 VJ H 4> fe ffi 4> Q m+* i >A? aP-. 18 J? < tVr*oS4 - <r% W> 1 (V < H r- O K ?:rs rH :im rH otv -:f- g'flfe to S*c "as a S8g aw rs CV O rH s 3 a & w\ to * * gA CM to 8 4 3tv 3 to i9r CV vs ft 381 NO n cv 8 P- ??On gj a a W H IA ex -4n 0'APS 8 r- ija A dpxO nOIPS ol A 3 awt O- K &in O PS rH A vs *d OtvN ITN o n &a to cs CV fOjsn n 8rs NO rH AA PS *aes ON OS drusi VS tt t- C- rs ft vs to 8 6s 8 PS jOn cc I A PS PS cvA to cv, a A PS A% 5 VS aid sj a *4 On 3 St in 3 S -4 sO w 3 IU V)| si to cv vs . . '9 m PS o rH rH Ox ft oA cv NO NO rH 'A rs 4* A NO A ON 28 if ao H PS * o' -TPS*> VS 01 Cs vs A vs PS CV 38 -4 CO *1 cv * oo Ao 8 sc 5 *4 NO VS -4 NO * cv A PS c o to ? e v a.vs 1C2S 1 s A CN #755 a io <o /. On Hand - 1-31-*? Leaded Zinc Oxide Consigned Leaded Zinc Oxide at Pi ant Peleaded Zinc Fume In Transit lo Anaccnda Deleaded Zinc Fumes In Transit to tfaticual Zinc Co* At Plant Value of Zinc Fume returned 5i; e;;rcup cf returnable sine in treatment Total on Hand Ending avid Sales Or. Hand - 1-1-f3 Leaded Zinc Oxide Consigned Leaded Zinc Oxide at Flant Delesded Zinc* Fume in Transit to Anaconda Del*aded Zinc Fume: In Transit to National Zinc Co* At Plant Value of Zinc Fume returned in exceat* of returnable sine in treatment Total on Hand Beginning Value cf Production Deles ded Zinc Fwne Lead Fur.e Total Value cf Production Tolls Flamed Totsl Value Frofi^. cr Loss 5*,000 * 2,115.18 25,654 299,9*0 12,036.92 143,992 163,373 6,265.87 2,566,920 --392.458 2,774,378 92,018.33 1 i,c 127,108 1,967,269 158,213 -...... 416.42 3,338,621 $278,912.01 580,155 176 5,436,476 4,4 54,000 $ 2,115.18 25,654. 554,420 22,079.31 266,750 277,373 3,032,962 --1PUZ5 3,140,337 10,711.67 103.867.48 ' * *v .. U * 1 1,5 216,351 2,3a, 404 82,225 9.591.33 4,026,130 *148,364.97 292,404 2,619.980 1,6 3,686,011 105,064.51 626.489 25.482.53 287.751 4,312,491 *130,547.04 287,751 -Ju2.415? *138,490.63 * 3,353.35 2,816,496 176 2.6 176 2,816,496 2,7 PNYC 00011821 TfrygrrcnTES - Continued . '' " Pins - Continued There eere 1,616 dry tons of cuatca slag on hand. All the meaourmaenta, ooegjutation, UMgri, and valuee were audited In detail. ,* 'VJSrATTCW r t >t 7T?JTORt 7?> ' * Th* Traded sire oxH, 35C dry tons, at the Plant Is valued at win tame of lead fumea tent to tho lead Plant, uxcept silver vdilch Is 97* at 24-75$ per unoe. The consigned stook, 2? drjr tons, la valued the same May ae la the leaded stJt'O oxide on herd* The delended tine Anna, 304 dry tens on hand nml 1,283 dry tone in-tranelt to Rational Zlno Company, )e valued the eame 59 the lets settled for in Jamsry 1958. The treatment rate ueed In thia calculation la the laat lot eettled for in January 1 95? The deleadod line fume, 82 dry tena in-trannlt to The Anaconda Cospany, la valued at the tame ooobraet ae deleaded tine P.jne settled for by The Anaconda Cocf*:yv The valnr of slg or. hii.-d it Jnnu*ry Tl, 1958 was understated 136.47. The current Mag rate >m applied to the dump sir.2 and vie* sersn- T Amtiter is also of the opinion that the formula for determining the djep slag rate la wrong. The following schedule 111mstmt es tide errort Current Slag thvrp Slag Tot a T)n Pounds Dr* Ton* ai2 Loading Aac-unt Rate Amount Freight 9,145,684 4.572.8M0 0.771 3,525.66 c.?n JUHiiZ 0.40 15*2^7,083 7,6/|8.5415 # 5,8V7.03 $ 1*230.28 $ 5,595.66 $12,722.97 15.297*083 Prop ~ Slur Pate Forwilat .C00751299 -C0831725 It J* sxparnt.t from the preceding that thr dump rate formula doee not provide for the lnc&nelon of 100* of the leading amount in the rata, although excluded ICO* in the current elag rate. Thia la illustrated by the following schedule! Cur'nit Slag: Amount $ 3,525.66 Freight __ 3.345.48 (1) Total $ 6.871.14 / 9*145,684 dry pound# equal # .000751299 - agrees with formula Dump Slag: Amount loading freight Total I 2,371.37 1,230.28 2.250.18 (1) 5^53 .83 / 6,151*399 8*7 pounds equal 1*000951301 I 12*722.97 formula shown as $.00831725 (1) Freight prorated to current alag and doag> elag on baela of dry tone. : PNYC 00011823 2 - Continued sun pmiT 'vnterr .Tesnacsr 31 . ?-??.* 6ho*n * r "Current Slag - 1,3809,566 dry pounds # f .000831725 equal*' $ 1,155.?4 Cu-ip Slag - 1.3043.057 dry pound* | .000751509 *3*1, l.lftA.&C Total 3,232/23 I 2,540,43 3hci*ld h* C irrer.t f"! a* - 1,309,566 Dsm-p Cl*g lasa*!22 3,232,623 und* I .000751299 equal* I 1,043.9* wmd t | .000951301 equal* 1.753.30 I 2,797.5# Inventory HndnrMfcted 256.85 fright. h* distributed tc rurr**it elcg and dump slag on tho boils of wot wights on future calculations. nno^s Am nsmrtoma l t /d mr DwslctCl Th* following is of an *nforratl** nature rather than an orror or discrepancy* The tw let* used are exanpl** of th* i"v*h>l un*.d In ealciOating dry wight* of receipt*. Du* to the different method of calculating dry wight*, there v*p 1 20 pound <ltfforrr.ro rr tot Vr, and a 15 pound dlfforonea on lot Wo. 1932 a* explained below. On lot Wo. 1024, *ec*lv*d Sr Oe*esf>*r 1957, *tne rest.hi* from Amorlean tlno Comparer of Illlnol*, th* calculated dry wight, we* 651,005 pv'nnd*, Tfcte lot ws meposed of five ears. Th* weighted average moisture, 8.8l moisture, ueed in ca'.nUt inr **'* !r; wirt-*., 4 w* taken on esch oar. By (Calculating the dry wight cn each ear rv-1 totOtr.r th*** dr* w'cVs. the dry wight I* 651,025 pound*. Lot Wo, 1032, received in January 1950, ** ec pos*d of ft-* cara and th* cntsnlatel dry wight w* 656,359 pounds. By using th# moisture on each ear and *nte-ilitlr:f *s*h cer reparr.telj *< on let Ho, 3024, the total dry wight i* 656,344 pound*. Lot Ho. 1*32 was fro* th* sere shipj-nr. It It M-* Auditor** opinion that the dry wight should be calculated on eaeh ear and the total of the dr> wlgvt of th* ears in the let should t the dry wight of th* let. Th*r* t* a considerable dl ffe***<.<* it* the dry wights on arsenic residue shipped from Anaconda, Montana and the dry weight* *MLM for **7 V>* Tr.t*iw.AM %l Smelting xnd W*fining Company at TootiLe, Utah, A oo/rparieon of wight* art moiiir*s cn let. Vc 103d r*.cle the following informationt tr \ Ttt.*t.a11tr*l SwlMiig 5 r*f'.u1 ,3 C". Croon V.V ? rht. 3,503,160 l.K-5.900 Tare Weiiht 510,900 J17.6M Wet Vs.tjdit 1,304,260 1.370.3CO H?0 16.55 14.33 Dry Wight 3,155,340 LJ80.PC3 7,260 1,300 5,960 (25,655) 12.8275 dry ton* 6 70.635 final value pr ton . 908.64 A romparlfcr. of weight-a wi moisture* it six oar* of let Wo. 1646 reveals the following lnveimtlont Gross y*iht Tare Weight Wet Weight X Dry H20 Wlrht *!: rvnd* '* Ini*r..*t.tcnal 3meltlng 6 Refining Co, 1,399,960 297,200 297.14D 892,760 15.02 690.020 _ _9.77 758,66? 001.CIO 2,000 60 . 2,740 (44,368) 22.104 dry tons S $ 66.359 final value per ton 61,516,48 VPNYC 00011824 27, T.m rrjjr? irmrtr \'T- niranrr trfrre. - c?rtim*A Ti A'dltcr t3>ei Ic Kr. C?r* DOtm, liw;' P-vnple-, *rd vis infer***! that eight or nine pip* **>r}il** *r* taken on -a**h s t c/T nrrenlr r*nidi*. TV* tvr;:3e* u*H v>r tb* full depth of the areorie r**idx?e in each cor. Tbeee #wepl9 t.; resld-te *r- -e*lr*'l In the Wiring rcen md -rptled into * pin which is weighed. After a 2A hwir drying period i-ha p* is veigbel a?n n*.d n .uointnrs is cslculatei, Ths shove infornatlon is of *n inforegatlve nature to point out thn dl ff-rmr.-a ix. weight ard mcirture cAlculatien# on arsenic residue received from Anaconda, fcntann and rattlei by In*eMrMtl.-v.-\| CreKirf end P.-finl^g Orpsny, Tr.t.Trlmt Tri>: On .hwtarr lc, l>r1, t v m* 701, an error if 3,000 prrnds in sintsr to blast wes recorded, Ths differenee in weights Is o? follow*f As Should he P^-rerr* Or^es \1**1u,AjW - TT9 WAQ,.2g6.V0} - Kst 1n1i0j.,1r9o0 1,000 The wot weight* f-n sinter shipped elxcuVI be 20,539,78? pounds Instead of 20,533*780 pounds in January 1958. TiT-fto'd** Or trx. fh 21, IVI?, Vessre, rarl H-r>s*, riant Fng; ntor, 0, R. Bvwn end t< P, Hathaway, while on a tour of the Tooele Plant, totM that IP lead bare were c* hand it the Proso Plant, This quantity was later checked to inventory roc'Mn at fat-rvs'-j ' t 1953 whi xh nRvsd 3 2 tors on hand. The Auditor accompanied Janes tougy, Metallurgical Clerk, aM r.tson Pointer, ClrH;, r> .in > 'er.tory trip cf the Toeele PIart on April 1, 1958, The six lead bars in the wolds an) twelve l rre l- stockpile were checksi f.t the t?r* cf this in/sntory ebaenraticn. The six hart in the melds wers in*tvorientally o-.-erl.'* I n*. the kiss of Fehruar- 1st, and Kerch 1st, inventory ties, Ths so hand inventory of February 1st would J.n-r been repotted as followst As *hovn 3).culd ha bifferexiM Dr;' Wetg*it fo-nids 1 r/',(Tfl ?c/..rr^ ah ,cro _ t a d ... Per .Cent Pctfds 7.//C 'it .00 9,0C 199.5JQ A7.CA0 p % * rx x t h Par Pounds .327 .327 510 w> 157 Si 1vrr Oxmcss Psr Ton Prnocs 89.00 89.00 89.00 6,9A2.00 9.078,00 2,136.00 n old____ Ounces Psr To r Censes .365 ,Wf .3A5 29.5CO i7.ro 9.700 Ar adjustment was Bade on March Coat Sheets. The ftulphMe 7cnrs?tratcr is i* op-rntit-n producing nine eoncentrat** and lead concentrates. Ths sine concentrate# shippei tv b-iccn-ti, renter*. Hi- load concentrates ars shipped to Post Rslena, Montana. T -.xi Plant The !.*ad Plant diocnntimied operation at 8:PC A.K. on January 31, 1958. Ths tssnber 3 blast furnace has b-en rabui.lt with n thirty inch extension added. Tt earn he reed;'' for production with a fov finishing touches, Th* mxaber 1, A, and 5 blast fxtrr.er.es have l ean dismantled, Ruiuber 2 furnace can be repaired and used ae a standby. 71.se "Vra ir. Pl?nt T;xe fV.!c Tre.*<f--c P***M to 1* cper.'lon producto" deiendetl *ine concentrates, bagbouss fumes, and slag. The deleaded r*re e*n*jw.ti-aten o'-c. tr-j--* to 'h- ^atiotta?. 21-c Cot^any, Tlart.Teevtll*, Oklahoma, The baghouse fumes are ahipped to Past Hela*a, Koutaae 21 1 *,tki *0 the slag pile at the Tooele Plant, fi a rew err.rr apt tts.-.i xp.ux'xi-c -rre uncovar-tl h r.lng tbe audit. The Metall'trglcal Staff xaae very co-operative and their ?r*< van re*t. and acot-ate. ?\c