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In t e r n a t io n a l Sme l t in g a n d Re f in in g Co mp a n y
East Chicago, Indiana
CP.laEn. tJMOHanNaSgOe*N
May 14th, 1946
Mr. Frederick Laist, Tice President International Smeltg. and Hefg. Co, 25 Broad-Ray - Room 1720
New York 4, New York
Subject: Bear Mr. Laiet:
Estimated Cash Requirements
We are attaching the Estimated Cash Requirements for the six months* period ending October 31st, 1946, A total decrease of $249,730 in cash requirements is shown and accounted for as follows:
Lead Refinery Zinc Oxide Department White Lead Department
Total
Decrease Decrease Decrease Decrease
$225,075 3,855'
20,800
The decrease in the Lead Refinery Department's cash re quirements is due to discontinuing the purchasing of custom materials.
The 3hut-down made at the request of the Northern Indiana Public Service Company in order to conserve power has resulted in reducing the White Lead Department's requirements for lead by 172 tons.
We hope this information will be helpful in your study of the attached statements.
GET/as end. co:- Messrs. J.R.Bobbins
WJE.Daly
P. S. In connection with our drastic economy drive at East Chicago is it advisable to discontinue this report?
N12781
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Ur. James S. Woodard, Traasurar International Smelting and Refining Co* 25 Broadway Haw Torlc 4, H. Y,
Dear Slrt
Wa are enoloslng Estimate of Cash Raqulrwamts for the Zino Ozlda Department for period Hey to Oatobar, IMS, which has the approwal of Ur* Johnson*
The Eleotrolytlo Zina Requlrsmmta, not lnoluded In this atatenenta, will be as follows!
May, IMS June July
August September Oetober
ELECTROLYTIC ZIKO
POUNDS
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$ 23,370 46,740
23,370 46,740
1,800,000 $ 140,220
If Rno*
Yours very truly*
7* R* Stolte Assistant Secretary
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