Document G6N5Jve81mpQx67878by51Kor

2. - INTERNATIONAL SMELTING AND REFINING COMPANY ZINC OXIDE DEPARTMENT EAST CHICAGO, INDIANA ANNUAL REPORT YEAR 1938 *** pNVC 0001" INT^TPT.'TT rNAL 1ZKI-TTNO !iHP RTTTKTHO CC/PAST TAST CHICAGO. IHPIAIT. STTTMKT Or "'IWO CXTPT DltPAR'P'TIT OPT'' `TTOW3 TPAR 1958 orsn TIONSl The French retort furnaces operated 3 nonthe oat of the first 6 Booths of the year, and operated continuously for the last 4 months of the year. Operations were planned so these furnaces eould he shut doom for at least a 2 months* period. One moffle furnace operated continuously the first 5 months of the year, and two furnaces operated continuously the last t months of the year, except for a short Interval while one furnace was helm repaired. The muffle furnace used for treating residue metal operated B-l/2 months of the year. All four muffle fumaeee were repaired onee during the year, Theea furnaces operated a total of 83S furnace days, and wtre charged with 6,667.4 tone of material, or an aysrege of 12,53 tons per furnace day, using 73.4 gallons of fuel oil per ton of charge. The year was spent developing the operating technique of these furnaces. The 12 door American block furnace operated 8 months of the year, and the new ( door unit operated one month, following Its completion lets in the year, LABOR! The prevailing common labor rata was 60d par hour for tha entire year. The average Income for the 99,9 men nee 1139,93 per month, Including the foremen, Akron, on a "shut down" heels, msployed an average of 8,3 men per month, and these men received $120*98 per month. On ffovemher 15th, 1958, all foremen were changed to e salary haste when their hours were reduced to 8 hours per day on a 5 day a weak baeist all lnhor being on a 40 hour e week basis. Hourly employees did not receive vacations ee In 1937. During the year, 39 salaried employees worked either part or full time for this department, AFFROPRIATIOia; The large portion of the appropriations granted were for treatment of refuse by-products. $20,520.00 covered the Installation of a 5 door American type furnace, furnace building, haghouee, fen, and flues to treat refuse oxide, A dross drum and screening equljment was Installed to aid In treatment of dross formed from the melting of die east and sino scrap, and two carborundum calcining muffles wars built to produoe a new merchantable product from secondary furnace droppings and sweepings. The total money appropriated for this work was $27,800.00. PNYC 00012400 Sheet #8 - Swaary of 7Inc Oxide Department Operation* - Tear 1958 OPtPATinO CQBT3t The average production oost wee J86.134 per ton of material charged, including depreciation and repair*. French Flectrolytlo retort* Secondary Muffle Tnxnaoe* American procee* Average cost ) *5,800 15,5*9 85.18T M,15* It* total production of xinc oxide for the year *a* 28,875,795 pound*, and w# cold 89,705,*85 pound*, which included remixed ewhlimed lead eulphate and dry nhlt* lead. The metal loas from the Trench operation waa *.71$,from the muffle operation* 2.55$, and from the American proceaa 17.18$, Other coat and production data ia given in the attached eheeta. dm 2/8/59 cot Mr.C.T.Kelley Mr.H.TS.Dwyer Mx.F.lalat Plant Manager o o o a iaoA * ra^mwT-raomxrfios-saiHtBns TTUH 19 3 8 EAST CHICAGO PUUTT TOTAL ZISC MATERIAL CHARCTO METALLIC ZIBC PCPHD3 Xl**trolytlo Zina Spaltar Strap Zina 0*lT*&lc*r'a Zlaa Droaa SI* Caat Slab* Ola Cart Scrap C*b 4*&b *4 Ratal Oraat Falla Droaa Zlac Oroaa (Ssholts Co.) TOTAL BATSRIAL BTffTXTO Sabllaad Whit* Laad Dry Ihlt* lu< 13,980,396 617,788 -- Sl,6S -- 410,1*3 - 1,*41,84*1,4*1,630- 880,0**-- 8,048,86S>- 8.606-)~ M,508,77* ^T***" r 788,774 141 783,988 Oa Hand Dwatii; Slat, 1*88 Zinc 0x14a Posada 8,947,881 SHIBCgTS Verehantabla 0x14a Zlaa Raaldo* L*a4-Tia Alloy R*f*a* Oxld* Ob E*b 4 January lat, 1988 Trodaatloa 84,418,944 488,740 40,844 118,018 87.883,881 30,800,448 8.903.880 84,897,138 ZIbo Oxld* for Trad* ZIb * R*ald* for Raritan Load-Tin Alloy Rafnaa Oxld* 86,879,798 488,760 40,864 118.018 86,897,188 PNYC 012402 o t t c o mb car rrg v a t t o a l TEAR 1 9 s a BAST CHICAGO riAST TRKSCH PROCESS Tone Charged ee Zina TOSS 4,583.1 100.00 P.ecoTered A Zina Merchantable Oxide Off Grade Oxide Vetal Loaa MOTTLE TORHACB Tone Charged aa Zina 3,820.6 881.5 818.0 4,588.1 83.87 12.0* 8.71 100.00 5,518.8 100.00 Recorered aa 7.1e Merchantable Oxide Off Grade Oxide Zina Residue far Raritan Other Reeldue and Or\a Vetal Zino Droee Vetal Lose AMERICAS PRCCBS3 Tone Charged ae Zina 4,818.8 881.0 107.5 178.1 448.3 151.4 5,318.5 79.29 4.16 8.08 3.84 8.44 8.88 100.00 1,817.8 100.00 Seeorered aa Zina Merchantable Oxide Vetal Lose 1.505.8 518.0 1.817.8 88.84 17.16 100.00 PNYC 00012403 FOKKIHO COST FTO TON HAT3UAL CHARgg) TOR 19 3 8 PAST CHICAGO PIAST rawca PROCESS TONS PSR TON January February Wareh April Hay Tuna Paly August September Oetober Noramber Deeaabar Total 631.5 148.1 - 98.5 583.6 590.T 98.9 54?.6 649.4 604.? 655.3 4,588.1 * 28,741 68.01? - 106.868 89.TT1 89.181 124.558 - 88.580 86.855 28.90* 88.971 ATarawa par month 588.3 * 57 .578 Major RapeIra Dapraeiatloa .881 5.441 GRAND TOTAL 43.300 vomjs t o r w a c * TONS PRR TOW 441.5 400.5 396.7 438.4 348.3 616.5 805.0 869.6 587.7 493.8 751.7 589.7 6,667.4 15.636 19.676 80.743 19.133 17.505 18,940 11.544 11.049 13,388 17.188 11.908 14.178 555.6 6 14,569 .780 AMERICAN PROCESS TONS FFR TON 287.8 . 888.9 305.8 881.3 306.1 167.9 184.1 838.6 308.1 2,501.7 84.053 18.99* 81.881 24.450 19.976 83.865 83.943 80.889 80,093 191.8 t 81.946 1.811 15.349 6 83.157 COST or PORTION OF PAIOR ITSO Amount % Cost Amount ft Cost Amount < Coat Pay Roll - Direct Salaries - Direct Peal Oil Coal (Soft) Coal (Hard) Coke Carborundum Retorts Huslia Dock Barrels T Inara Drat Bags Bloctrio Power Taxes - All Insurance - All Other Total Dapraeiatloa 9 39,336.90 19.80 8,171.46 8.60 7,240.45 3.68 1,404.34 .71 * - 4,673.39 8.35 150.66 .07 88.50 .04 2,368.69 1.19 480.09 .84 1,783.81 .87 19,189.49 9,63 4,440.56 8.83 4,978.68 8.50 899.98 .45 81.638.08 41.10 * 173,700,88 87.43 84.966.81 12.57 # 31,502.56 30.79 6 88,835.16 2,765.98 8.70 11,417.75 11*16 8,103.31 as e. - - 9,705.85 5,394.81 - 618.07 38.60 - .60 .03 515.05 81.48 - -- -- 3,564.86 3.48 3,586.67 7,286.84 7.06 2,495.16 1,307.86 1.87 451.56 43.896.46 48.91 6.133.55 4 102,338.38 100.00 # 53,301.98 48.84 3.95 18.21 10.18 .96 .15 6.73 4.68 .85 11.31 100.00 GRAND TOTAL 6 198,666.63 100.00 6 108,338.38 100.00 6 53,301.98 - 100.00 mmmmmmmmrnm waaes-- 1 8 1 1 a a i Arerage working seat per ton, including depreciation, whole plant " $ 86.134 PNYC 00012404 TOPARTOOTTAL OFTRATT.PO CC3T PSR ^OHWD CXID2 T*AR 1938 PAST CHICAOO FLAHT nrrauciHQ AOT COLL3CTINO PACKINO M.TOI0AH Kom.8 PH008S3 January Tabruary Kara* April May XlUM July Auguat Sapteobar Oetobar Hbraobar Daaanbar .773 1.455 6.958 .683 .611 8.111 .634 .633 .684 .673 .384 .400 .610 .398 .386 .870 .319 .308 .884 .877 .861 .884 1.115 1.533 1.489 1.410 1.880 .844 .673 .684 .984 1.281 .634 .763 - 1.619 1.187 1.338 1.358 1.170 1.318 1.683 1.316 1.804 Areraga .882 .308 .927 1.349 Major Rapaira .008 .830 .002 .310 .030 .977 mmmmm .074 1.4B3 mmwmm TOTAL nPKRATTRG AT ?VW COST OH TOTAL PH0OTCTI0H 5.138 8.641 6.900 6.989 5.146 4.873 4.993 9.883 4.931 9.146 9.169 9.315 5.8*6 PNYC 00012405 COST Of Zim VATTRIAL PURCHASED TTAB 19 3 8 FAST CHICAGO PLA5T Jaauary February Waro h April yy Ton* July August September October Norereber December Total Arerago Coat TL^cmoLTnc Pouafla roaa ZISC Coat Per I*. Zlao 700,024 300.018 600.018 1,800,014 1,200,061 8.000.085 600,088 800,000 8.000.027 2.000.039 8.000.038 2.002,078 3.089 4.873 4.433 4.177 4.069 4.183 4.774 4.761 4.874 8.049 4.983 4.828 13,402,361 4.604 waarm SSCCflUAST ZITO Coat Par Pouada . Croaa Zlaa -- amr 887,817 261,808 237,789 448,722 414,818 386,071 888,447 1,021,607 478,170 1,388,681 8,724,272 871.476 4.388 4.296 8.704 3.873 3.864 3.423 3.883 3.988 4.045 4.447 4.186 4.038 TOTAL Coat Par U>. Zlaa 4.886 4.691 4.257 3.972 3.899 4.081 4.389 4.328 4.725 4.815 4.480 4.389 10,066,740 4.044 4.413 IM98 PNYC 00012406 ISTRODUCTinH BAST CHICAGO AND MBPS PtAHTS TOJR 1988 Total Profit after Depreciation Production in Tona All Gradea Zina Oxlda Capital ?ipenditurea in 1938 for Rxtenaione and Betternenta Total 3alaa Zina Oxlda in Tona Anount of Total Groaa Salea Net Return on Ararage 1938 InTeatnaat Cnonlatlaa Return on Inreatment Slnea 1921 18,208.5 28,199.30 14,85*.T 1,815,048.19 242.9* PNYC 00012407 0RQ33 5lAt,g" ~0 VARTC0^ V.Tlr~'nt?3 3IVC2 1989 Year Faint 1929 * 2,500,149.79 1980 1,718,392.13 1951 1,484,813.92 1982 1,016,651.70 1983 1,334,164.62 1954 1,010,089.75 1938 969,661.55 1954 1,163,465.10 1937 820,826.41 1938 495,695.88 Rabbar * 1,352,329.65 1,425,992.54 1,547,972.10 1,031,506.93 1,903,654.04 1,409,011.79 1,538,170.01 1,528,356.94 1,108,771.20 994,044.44 Vlaeallanaoua Total * 365,288.64 $ 3,995.766.08 509,524.09 5,449.908.76 566,409.59 3,179,195.41 299,962.15 2,367,920.80 464,662.92 3,722,461.59 371,109.62 2,790,211.16 478,887.92 2,986,719.48 606,773.43 5,098,595.47 598,643.48 2,328,241.03 523,505.87 1,815,046.19 pNVC 00012408 PAST CHICAGO AND AKRON PLANTS Bt7SI*TF33 STATJMiBT THAR 1938 ___________ FPHIOD 1922 CAPITAL IN7PSTLHSJT # 20,631.61 PROPIT LOOS # 5,334.38 NCT 1923 382,499.06 15,162.15 1924 523,706.07 1 562,983.56 1928 643,895.84 101,305.94 1926 665,684.13 68,391.84 1927 703,749.09 41,182.98 1928 769,786.09 438,962.75 1929 826,150.09 64,140.98 1930 838,368.18 505,976.46 1931 904,566.89 910,876.68 1938 919,216.40 638,089.60 1933 921,812.13 460,150.04 1934 1938 1936 934,506.13 968,248.00 1,010,159.54 243,936.90 240,120.61 431,122.09 1937 1,046,625.18 851,367.34 1938 1,072,792.48 6.674.56 Total Tareatarat ad Ratura to Data 11,072,792.48 #4,003,786.48 #1,598,052.36 #2,605,674.12 ECTOR* ON INTPS1WWTS BT PLANTS Paat Chicago InTaatmant * 863,827.39 Profit # 1,005,968.73 < 178.6 Afcroa 509 .585.09 1.599.705.39 51Sti9 Total * 1,072 ,792.48 # 2,605,674.12 248.9 RCTIJRN 9 69.31 13,74 V-. ' 3.85 56.76 7.76 60.U 100.70 69.42 49.98 86.10 24.80 1 ' 242.9 PNYC 00012409 CCYBTn) - TACT CHICAGO AHD ARROW PTASTS INCCVR AND PRCTIT 'TO LOSS 1938 1937 CROSS GAITS Cast Chicago Akron TOTAL lassi Treigbt, etc. Met Galea yja t w it DTCIT'BgR Slat 1938 1937 ct t t t r t nct $ 1,&7,435.84 143.610.38 1,813,046.19 122.408.18 9 1,474,417.88 853.833.78 3,338,341,09 184.880.13 * 198,018,56 I 1,690,638.01 9 2,173,660,91 * I'-'"* w. COST 07 GOODS 30ID Cast Chloago Akron TOTAL 1,418,071.99 118.764.92 1,917,056.38 930.347.76 AS?,**!?*.*'.*. n1T . ^ ' I 1,536,836.91 I 3,847,303,99 t 1 ,0t0,*C7.''-? Groas Kergin 3TILING TIPTN3B Test Chicago Akron TOTAL J Oroaa Profit fron Galea Other Incase Shut Gown Expense - .Akron TOTAL 9 INCOME CHARCP'S Cash Piscounta on Sales Bad Debts (Rsserred Tor) Agency Stock Expense General ""xpense (Selling) credit end Collection "kpenes TOTAL 9 n t t pr o f it 9 153,801.10 837,444.18 90,664.19 9.794,24 100,488.43 78,318.18 18,346.07 51,340.97 Tt.ggr..?? ....I| 106,689,09 f 6,n/v> . ** r` ..mmmmmwmmmmwm 83,343.87 2,613.37 i v /..r 40,380.68 , 9 833,644.84 6,499.69 9 838,127.06 14,718.42 3,683.82 8,403.77 * 8,496.04 *14.623.13 46,985.18 9 33,878.11 4,526.44 4,889.88 30,196,97 63,490.90 9 9 514.39 n.,wv" 14,623.13 te.rAF.:-- 844,692.78 Tact Chicago Akron POUNDS OSIPS SOLD Test Chicago Akron TOTAL 3,851.57 " A. '7 673,215.94 27,210,560 2.494,925 29,708,485 25,785,11* 15.772.160 41,557,278 1,425,442 -171 1 * Credit and Collection Ripens# for year 1937 i*as included in Mount of General Expense (Selling) PNYC 00012410 SUWIAHT or PLAHT XIPBISE TEAR 1U8 PATROLL Operating Other TOTAL SALARIES Operating Other TOTAL SUPPLIES (Operating) Enel Oil Soft Coal Hard Coal Cola Retort* Tire Clay Puek wuilia Barrel* Llnara Bega - Paper Dt w w i Carborundum A8beat0# Bags Miepellaneoua TOTkl EXFESSES Electric Poear Ineurano* - Property Inauranee - Croup Taxe* - Property Taxea - Unemployment Insurane* Tax** - 014 Age Annuity Liability and Conpeasatlo* Gas Mr. 7. 0. Cae* - Chicago Office Jfew Tort Offle* Departmental - Hew Tork Offlee Telephone and Telegraph Mlaeellanooue TOTAL CHARGED Electrolytic 7ine Condensed Metal Spelter Croat Pall* Droaa Scrap Bin* Die Cast Slab* Die Cast Scrap Calranixer'a 7ine Proa* ?>lne &roaa (Sehults Co.) Calena Lead Or* - Continued - BAST CHICAGO 158,178.98 89.151.10 181,910.08 58,970.45 80.574.50 t 119,544.75 18,858.80 8,5*0,51 9,705.85 5,594.81 4,879.59 ,481.50 808.58 1,454.88 8,568.89 480.09 19,129.49 1,785.81 45.50 750.78 U. 549.58 9 84,909.74 15,085.18 1,649.74 1,189.01 6,954.40 5,857.89 1,908.99 5,688.08 4,541.66 1,074.75 8,784.95 8,801.68 1,444.54 86.100.77 9 74,774.74 648.8U.54 54,485.84 86,806.06 106,708.57 15,068.95 78,195.55 54,885.09 15,748.49 168.10 -515.65 971,916.80 1 pNYC 00012411 c t t w mah y or PtAir f x p o t r i! TFAR 19 3 3 R3ACKD Sublimed Fhite land (White Lead Dept.) Subliaed White Lead (Rational) Dry White Land Freight on Zine Oxide from Akron TOTAL FAfiT CHICAGO 825.90 52,187.93 11.88 1,880.44 i 54,908.13 Average Number of fan Bnployod! January February Wareh April Way JPne July Auguat September Oetober November December Average per Month PLANT PATROLL HAST CHICAGO AFRCH 118 97 80 108 124 188 118 110 107 187 138 133 4 4 4 4 4 4 4 4 4 4 6 _6 *114 4 3ALART ROLL COBBINTO 37 39 39 39 37 37 37 37 37 42 44 43 *39 * Figuree include the Oxide Department portion of aeohanlee, ate., that ere carried on Lead Refining Department Fay Rolle. Total Akron Fay Roll for year 1*38 * f 9,487.17 PNYC 00012412 Total to Tsar 1937 Nw Inrcatmant 1938 Total Inreataent BAST CHICAGO AND AKRON rLAST8 APPROPRIATIf'N 5IHKNDITOR3S TXAS 1988 APPROPRIATION AMOUNT 886,397.14 87.800.00 t 8aaa9aa4va,a1aa8ssa7s.1a4s COST t 1,046,683.18 26.169.30 * s1a,0n7s--8,7ss9a8s.4ss8 BXFENDSD - THAR 1938 m - "Leads ad Forthrup" Recording Inatrraaants- Fast Chicago Plant 1937 117 - Inatallatlon of Droaa cra and Screening Bqalpatant - Bast Chicago Plant * 4,480.00 119 - Building of Six Door Amarloan Typ* Furnace - Bast Chisago Plant 8,700.00 128 - To Carborundum Calcining '*ufflc Installed In French Retort Furnace Beat Chloago Plant 8,800.00 187 - Furnace Building, Bag House and Fines for ceapletlon of 3lx Door American Block Halt - Bast Chicago Plant 14.880.00 * 27,800.00 * 10,64 4,489.87 5,883.45 2,764.40 13.381.24 f 86,169.30 PNYC 00012413 COLLECTIONS - TEAK 1W38 _____ ZINC OXIDE SALES MONTH January February March April May June July August Sept. Oet. Ho t . Dee. GROSS SALES # 72,813.73 97,413.70 118,331.74 85,130.50 141,941.53 155,911.70 152,195.82 181,868.74 206,846.36 199,684.01 215,773.23 187.537.13 $ 1,813,046.19 COLLECTIONS $ 71,759.46 64,023.63 111,172.17 110,396.52 94,419.78 143,171.55 145,993.51 140,823.90 149,715.34 165,444.46 168,939.35 207.233.29 $ 1,573,092.96 EAST CHICAGO AID AKRON PLANTS OVERDOB ACCOUNTS $ 11,255.12 10,407.45 14,508.12 6,733.19 5,822.61 8,480.24 5,756.05 10,796.71 8,452.98 7,195.12 11,835.45 5.319.13 $ 8,880.18 Cash Discounts Accounts Receivable Percent Receivable to Gross Sales 14,718.48 202,483.42 11.17 - BAD DEBT LOSSES CHARGED OFF 1938 ZINC OXIDE DEFT. STATE TEAR ACCRUED AMOUNT Keaton Tire A Rubber Co. Pred Meyer Printing Ink Co. Calif. 1936 A 1937 $ 159,70 Mich. 1937 TOTAL - CHARGED OJ7 177.14 MISCELLANEOUS CREDITS TO RESERVE Lehaan Bros. N. J. 1929 24.82 NET LOSSES - 1938 152*32 Percentage Loss to Gross Sales - 1938 ($1*813,048.19) CUMULATIVE - 17 TSARS Gross Sales 1923 to 1938, ino. Total Bad Debt Losses Percentage Loss .0084 47,547,071.48 19,535.59 .041 PNYC 00012414 COLLECTIONS - TEAK 1938 WHITE LEAD SALES (DRV, IH OIL,AND LEAD SULPHATE) UOHTH GROSS SALES (DRY), GROSS SALES (IH OIL) GROSS SALKS (LKAD SULPHATE) TOTAL GROSS SALES OVERDUE COLLECT!OHS ACCOUSTS January $ 16,331.25 $ 18,497.57 $ 32,828.82 $27,347.80 $29,666.99 .February 15,235.75 14,055.76 29,291.51 28,743.14 25,768.45 Maroh 21,793.75 15,124.76 36,918.51 27,690.84 26,174.89 April 32,287.22 31,403.01 63,690.23 48,343.99 15,431.28 May 53,799,63 46,867.22 100,666.85 72,132.53 12,500.79 June 46,816,25 45,464.51 92,280.76 92,708.94 16,750.22 July 57,696.20 40,460.56 98,156.82 87,885.65 12,380.19 August 58,344.59 39,852.16 98,198.75 98,992.34 17,871.97 September 101,524.51 47,627.18 149,151.69 120,520.49 15,854.35 Ootober 53,706.63 55,776.04 109,482.67 165,974.25 19,593.62 Mo t amber 53,435.56 16,588.15 70,023.71 78,701.55 12,717.42 December 57.877.78 10.095.94 67.973.66 67.613.49 27.561.2C 568,849.12 379,812.86 948,661.98 916,655.01 19,305.95 Cash Discounts. Allowed 4,785.62 4,986.74 9,772.36 Aooounts Reoeirable 110,731.40 Percent ReoeiTable to Grose Sales 12.08 Page 1 of 2 PNYC 00012415 COLLECTIONS - TEAK 1938 /mm T.^An h a t .H3 (DRY, IN OIL, AND LEAD SULPHATE) BAD DEBTS CHARGED Off 1938 YEAR STATE ACCRUBD DRY WHITS LEAD WHITS LEAD-IN-OIL WHITS DEAD DEPARTMENT DRY WHITS LBAD AND WHITS LEAD-IN-OIL SALES John P. Anderson The Arnold Oo. Tenton Paint Co. Kramer*s Paint Store Mioh. Ind. H. Y. 111. Thomas C. Use Co. R. I. Oak Lawn Hd*r#. Co. 111. Realty Pt. Jt Supply Co. 111. Trent Tile Co. N. J. Wayne Potteries Co. Ohio Willis P. Wood 111. 1936 # 1938 1937 8 1938 1936, 1937 k 1938 1937 k 1938 1938 1938 k 1937 1937 600.00 39.80 1937 & 1938 * 7.74 8.69 840.97 689.51 607.70 17.54 614.68 834.70 TOTAL - CHARGED Off 639.80 2,516.51 MISCELLANEOUS CREDITS TO RESERVE Belmont Pt. & Supply Co.111. Zd Posselt 111. Standard Chea. Wks. Pa. Tibbetts-Carr Ltd. Calif. TOTAL CREDITS NET LOSSES - 1938 151.90 161.90 487.90 20.52 4.75 8.47 33.74 2,481.77 TOTAL $ 7.74 2.69 240.97 589.51 507.70 17.54 514.66 600.00 39.60 634.70 3,155.31 -------- -- 20.52 4.75 8.47 151.90 185.84 2,969.67 Peroentaga of Loss to Gross Sales - 1938 (WL 688,849.12: LIO 379,812.88) .088 .663 .313 Gross 3als 1988 to 1938, lao. Gross Sales 1938 to 1938, lao. TOTAL SALES CUMULATIVE 11.840.109.71 11.440.109.71 8.214.647.48 2,214,647.48 11,440,109.71 2.214.647.48 13,864,657.17 Total Bad Debts 9,038.04 5,821.20 14,839.24 Percentage of Loss .079 .263 .109 Page 2 of 2 PNYC 00012416 C0LLE0TI0N3 - TSAR 1938 ! > ZIHC PUDS SALES DETAIL OF RESERVE TOR BAD DBBT3 Balanoa in Reserre - January 1st, 1938 $ 30,381.28 Credited to Raaarra in 1938 (1/8 of l on Orosa 3alaa to July 31st, 1938 - $823,818.86 - Ho Credit taken on Sales for balanoe of Tear - 8/1 to 12/1 - $989,229.63) 1.029.76 Total 31,411.01 Bad Debt Loss Charged off in 1938 182.32 Balance in Reserre - December 31st, 1938 Doubtful Accounts - December Slat,1938 $ 31,258.69 878.89 WHITS LSAD ARP LEAD SULPHATB 3ALBS Balance in Heaerra - January 1st, 1938 2,607.14 Credited to Reserre in 1938 (1/8 of ljt on Gross Sales to July 31st, 1938 - $243,960.11 $304.98 1/4 of ljt on Sales for balance of year - 8/1 to 12/l - $324,889.01 r $812.22) 1.117.17 Total Bad Debt Loss Charged off in 1938 Balance in Reserre - December 31st, 1938 3,724.31 487.90 Doubtful Aocounts - December 31st, 1938 1,049.48 3,236.41 TOUTS LSAD IH OIL SALKS Balanos in Reserrs - January 1st, 1938 1,058.96 Credited to Reserre in 1938 (l/6 of 1% on Gross Sales to July 31st, 1938 - $209,873.39 $262.34 - 3/4 of lit on Sales for balance of Tear - 8/1 to 12/1 - $169,939.47 $1,274.55) 1.536.89 Total 2,596.85 Bad Debt Lose Charged off in 1938 Balance in Reserre - December 31st, 1938 SriffiLtZZ Doubtful Accounts - December 31st, 1938 856.10 TOTAL RESERVE TOR BAD DEBTS - December 31st, 1938 114.08 34,609.18 TOTAL DOUBTEUL ACCOUSTS - December 31st, 1938 2,784.47 mas PNYC 00012417