Document n9mXGoyv701271pre95jg3D2G
INTERNATIONAL SMELTING AND REFINING COMPANY ZINC OXIDE DEPARTMENT EAST CHICAGO, INDIANA ANNUAL REPORT
YEAR 1941
***
PNYC 00012528
/
INTERNATIONAL BELTING AMD REFIHINTC COMPANY Kh ST CHICAGO, INDIANA
SUMMARY OF ZINC OXIDE EEPAiffiiKNT OPERATIONS TBLVR 1941
OPERATIONS:
Tbs French retort furnoos operated E4 retorts for 259 furaaoe days and 12 retorts operated for 52 furnaoe days. A total of 5645.8 tons of eleotrolytlo zinc was charged at an arerage working cost of $17.98 per ton, exclusive of major repairs, depreciation and packing costs. An average of 79.9 gallons of fuel oil per ton was burned. Our netal loss was .75$ for the year. This furnace also treated Canadian xino and the sine oxide was returned to Canada.
The muffle furnaces operated a total of 524 furnace days on zinc oxide, with a charge of 6474.0 tons of material burning 69.4 gallons of fuel oil per ton. The average working oost of $17.59 per ton is exclusive of depreciation, major repairs and peeking costs. The furnace burned an average of 12.3 tons of charge per furnace day. Condensed netal was produced during the last half of ths year to exchange for scrap to maintain our fumaes operatlona following the controlling of scrap prloss in March.
Ths Amerloan block unit operated without interruption throughout the year. 18 doors were operated until the middle of July, i*en a new 6-door unit was completed and Immediately put Into operation for the rest of the year. A total of 6380.0 tons of zinc-bearing materials were treated with a metal loss of 15.09$for the year. The average working oost was $24.48 per ton, exclusive of depreciation, and packing costs. This furnace was operated on Wisconsin and Tennessee carbonate ores, Tooele concentrates, and secondary by-products. In addition to roasted xino dross from Great Falls.
LABOR:
The common labor rate was 60d per hour at the start of the year
but was Increased to 65^ per hour on April 1st and again Increased to 70^
per hour on Hey 1st,
continued at this rate for the balance of the year.
An average of 154 men were employed 38.4 hours per week for the year. The
average monthly wage for all payroll employees was $144.56.
An average of 47 salary employees were on the roll for the year, which includes foremen, Sales Department employees, and all office help working part time on Zinc Oxide records.
A weeks vaoatlon was granted to 115 men and two weeks vacations were given to 5 men. The total cost of vacations was $4,376.11.
Ho men were employed at the Akron Plant, as the plant was com pletely dismantled.
PNYC 00012529
Sheet 2 - Suwmary of Zina Odds Department Operations - Tear 1941
AFFROFHIATIOHS:
A total of $28,184.04 was spent on appropriations during the Tear. Three-fifths of this amount was spent on the ereotios of a 6-door American block unit and ona fifth on the replaoeaant of a tractor and trailer unit for Baking city delirerles.
OPgBATIHQ COSTS!
The working cost for the entire plant for the year 1941 was $26.49 per ton of material charged, ezcluslTa of depreciation and major repairs. A total of 54,113,715 pounds of nine oxide was shipped, excluding aetal and by-products fron our secondary operations 'that ware sold.
ZIKC MATERIALS PPRCHASBDl
The average cost of all nine materials purchased was 7.37<f per pound sine, ire purchased 4,610 tons of electrolytic zinc at an average coat of 7.663^ per pound zino, end 4,765 tona of seoondary zinc at an average of 7.019^ per pound zinc. The 3ast St. Louis prise western zinc price was 7-1/44 during 1941 until Ootober 10th, when it advanced to 8-1/4^ per pound. The average zino prioe for the year waa 7.47^ per pound.
lb 2/6/42
ec: Mr.J.R.Hobbiaa lir.R.S.Dwyar/' Ur.7.Laist ^
Flaht Manager
PNYC 00012530
TREAMEBT-PRODTJOTIOS-EBIFMEtrra
TEAS 1941
TOTAL KTHB MATERIAL CHARGED
Electrolytic Zinc Zlno Ore OalTmmlzer's Droes Great Tells Dross Dls Cast Dross Dls Cast Slabs Dla Cast Scrap Scrap Zinc Zinc Tam Air Bag Ashes Zinc Shimmings Tooele Concentrates Galena Ore Ramelt Zinc Canadian Zinc
TOTAL MATERIAL REilHKD
Zlno Oxide Sublimed Whits Lead Dry Whits Lead Leaded Oxide
METALLIC ZINC POUNDS LEAD P0UKD3
10,115,298 752,780
2,092,799 5,257,356
735,431 1,009,249 3,292,022
143,057 694,385 273,104 105,087
07,681
234,200 AigOPiOgO
20,562,348
Gross Lbs.
1,975,940 1,220,900
19,800 139.200
3,301,848
76,016 76,018
On Hand December 31st, 1941
ggFltSHT3
Her<3hentable Oxide Treated Zlno Residue Muffle Dross Lead Tin Alloy Condensed Metal Iron Dross Sorap Brass
On Hand January 1st, 1941
PRODUCTION
Zlno Oxide for Trade Treated Zinc Reeidue Muffle Dross Lead Tin Alloy Condensed Metal Iron Dross Scrap Brass
34,113,716 385,262
1,033,491 79,473
440,203 056,000
3.231
34,752,005 385,282
1,033,491 79,473
440,203 656,600
3.231 --------- =*==
2,736,700
36.7U.995 39,448,095
2.097.750 37,350,945
37,350,945
p/vyc
OUTCOME 0? NSW MATERIAL TEAR 1941
FRHiCH PROCESS
Tons Charged a* ZJ.no
Reoprared aa Zlno
Merchantable Oxide Off Qrade Oxide Difference In process beginning end end Uetal Lose
MOTTLE FURHACBS
Tons Charged aa Zlno
Reoorered as Zlno
Merchantable Oxide Off Grade Oxide Zinc Residue for Raritan Other Residue and Condensed Uetal Muffle Dross Difference In process beginning and end Uetal Loss
AMLEICAM PROCESS
Tons Charged as Zlno
Hecorered as Zlno
Merchantable Oxide Off Grade Oxide Difference in process beginning and end Metal Loss
CALCDIED ormi
Tons Charged as Zlno
Recovered as Zlno
Merchantable Oxide Off Orsde Oxide Difference In process beginning and end Metal Loss
t ons
5,645.8
4,848.6 803.9 41.1
5,645.8
5,106.7
3,196,9 210.0 36.0
1,195.2 596.6 'n.7 '
5,106,7
4,256.1
3,409,7 309,7 ".7 642,4
4,256.1
286.7
txaga
269.3 17.3 [3
286.7
pm carr
100,00 430443
85.88 14.22
r. .1.73 100.00
100,00
62.61 4.11 .71
23.41 11.68
' 1
100.00
100,00
80.06 4.92
15^09 100,00
100,00
aa ssataag
93.93 6.03 111
100.00 -
4
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PNYC 00012533
VTORKINQ COST FKR TON MATERIAL
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pNVC OOOI2534
'AL OHIRATING POST PKR POUND OXIDK
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P/VVc 00J25, 3S
COST CF ZINC UATC5IAL PURCHASED THAR 10*1
EAST Ch ic a g o p l a n t
January Tebruary Uaroh April Xajr Iona July August Septeaber October Horeaber Daoaabar
Total
ELECTROLYTIC
pounds Gross
ZINC Cost
Par Lb.
Zlno
1,032,203 780,689 816,695 611,007 672,722 600,142 696,404 868,442 718,429 721,892 984,865 846,464
6.551 6.552 7.102 7.355 7.289 7.638 7,725 8.030 7,801 7.952 8,900 3.938
9,219,954
SECONDARY ZINC
Pounds Gross
1,655,138 1,547,359 1,406,272 1,280,678
545,478 411,746 290,457 493,624 214,428 472,472 506,332 702,096
9,531,074
Pounds Zlno
1,385,360 1,255,152 1,172,106 1,048,754
459,967 349,205 255,080 399,003 169,652 399,681 389,413 573.873
7,835,155
Cost Par Lb.
Zlno
6.711 7.097 8.531 6.233 9.889 6.337 6.153 5.872 6.326 5.965 6,442 6.953
TOTAL Cost Per Lb. Zlno
6.635 6.884 7.828 6.638 8.447 7,156 7.327 7.546 7.519 7.244 8.203 8.136
Axarage Coat
7.658
7.019 7.370
PNYC 2S
IHTRODUOTIOH TSAR 1941
Total Profit after Depredation Production la Tons - All Grades of Ozlda Capital Expenditures la 1941 for
Extensions and Betteraents Total Salas Zlae Oxide la Tons Aaount of Total Gross Salas Bet Return on AYerege 1941 Investment Cumulative Return on Investment Sines 1921
214,877.10 17,376.3
$ 28,184.04 16,582.0
$ 2,422,336.19 10,v7.">
219.10*
HOTS: In addition to sales of 16,562.0 tons, shown abore, 660 tons of Oxide, tdileh was produced on toll basis, were exported to Canada.
PNYC 00012537
10
OB OSS SALES TO VARIOUS IKEPSTRIEfl SINCE 1929
Year 1929 1950 1951 1932 1933 193* 1935 1936 1937 1938 1939 19*0 19*1
Paint
Rubber
Mlsc.
Total
$ 2,300,1*9.79 $ 1,332,329.65 $ 363,288.6* $ 3,995,768.08
1,716,392.13 1,*6*.813.92 1,016,651.70 1.35*.16*.62
1,*23,992.5* 1,3*7,972.10 1,051,306.95 1.903,634.0*
309,524.09 366,409.39 299,962.15 *64,662.93
3,4*9,908.76 3,179.195.41 2,367,920.80 3,722,461.59
1,010,089.75
1,409,011.79
371,109.62
2,790,211.16
969,661.55 1,163,*65.10
820,826.*1
1,538,170.01 1,328,356.9* 1,108,771.20
*78,887.92 606,773.43 398,6*3.42
2,986,719.48 3,098,595**7 2,323,2*1.03
*95,695.88 719,912.83
99*,0**.** 1,*74,181.*2
323,305.87 **8,850.**
1,813,046.19 2,6*2,9*4.69
70*,697.20
1,331,6*4.1*
*71,550.1*
2,507,891.48
7*3,**7.90
1,155,893.18
522,995.11
2,422,336.19
2/2/*2;pjn
PNYC 00012538
PHUOD
EAST CHICAGO AND AKRON PLANTS BUSINESS STATEMENT TEAR 1941
CAPITAL* INTE3TS43SWT
PROSIT
LOSS
1i
NET
It RETURN
1922
$ 20,631.61
I 5,334.36
1923
352,499.06
15,162,15
4.?;
1924
523,706.07
362,983.56
69.31
1925
643,896.84
101,305.94
15,74
1926
665,654.13
68,391.84
:.i
1927
703,749,09
41,182.98
5.85
1926
769,786.09
436,962.73
56.76
1929
826,150.09
64,140.98
7.76
1930
838,368.18
503,976*46
60.11
1931
904,566.89
910,876,68
100.70
1932
919,216.40
636,069,80
69.42
1933
921,812.13
460,150,04
49.92
1934
934,506.13
243,936.90
26.10
1935
968,248.00
240,120.61
24.80
1936
1,010,159.54
451,122.09
e
1937
1,046,623.18
861,367.3*
1936
1,072,792.48
6,674.56
1939
1,112,978.96
124,446.02
11.18
1940
1,127,839.71
17,596.48
1.56
1941
Total Investment and Return to Date
1.156.023.75
214.877.19
$ 1,156,023.75* $ 4,145,768.96 $ 1,612,929,55 $ 2,532,639.43 219.10
a i w *mr u is s
wjssrat.xu is m
RETURN ON INVESTMENTS ST PLANTS
Investment
Profit
Peroent
East Chloago
$ 646,458.66
$ 941,921*88
145.70
Akron
509.565.09
1,590,917*56 312.21
Total
$ 1,156,023.75
$ 2,532,839*43 3sxqsiiaa*a33a
219.10
*No allovm&oes made for depreciation charges of $1.99 per ton of
Xerehantabl* Oxide sold*
PNYC 00012539
HiGOUS AND PROFIT AMD LOSS 1941 Y3 1940
GROSS SALES Sect Chicago lass: freight, eto.
Hat Sale*
COST 01* 000D3 SOLD East Chicago
Cross Margin
S1M.TB0 EXPENSE East Chicago
dross Profit from Sales Other Income Shat Dora Expanse - Akron
TOTAL
INCOME CHARGES Cash Discounts on Sales Bad Debts - Reserved for Agency Stock Expense General Expense (SeUlng) Credit and OoUeotlon Expense
TOTAL
SET PROFIT
TSAR ENDING DECEMBER 31ST
1941
1940
DIFFERENCE
$ 2,423,336.19 $ 2,507,891.48 $ S3,355.29
133.338.62
159.U1.27
2,388,997.57 2,348,780.21
5S,7C:'..i>l
j bsatassnmacxcaaaam anussaaM
$ 3,366,339.23 $ 2,201,202,53 186,036.70 stajaaaaaJJ.'iM
$ 97,341.63 # 147,577.68
$ 63,516.53
$ 8,616.66
*$ naaaaaaa.aaAB
71,319.92 $ 7,.fv=t.4n sasaamamaTt
76,357.76 5,755.44 i.eie.e'3
3,861.12 1.618.83
80.394.3B
' VrvVv' waauuiaau
$ 23,088.30 $ 24,173.47 $
6,366.73
4,660.86
1,705.87
6.7U.25
`7,879.26
J,i,!-5.C-1
16,709.06
17,418.76
e
9.860.23
8.665.55
1.194.68
63,736,67 $ 63,797,90 $
ta'.tMaaamaj.s.jst Knasaunsua am as
$ ' ' ,r -'.vi! $ 17,596,48
East Chicago Akron
POUNDS OXIDE 30X0 East Chicago
$
# 19,215,30 $
">
1,618.83
33,163,946
39,524,807
PNV=oooija0
SUMMARY OF PLANT EXPENSE _______ YEAR 1941
PAYROLL
Operating Other TOTAL
SALARIES Operating Other TOTAL
SUPPLIES (Operating) Fuel Oil Hard Coal Coke Retorts Fire Clay Duet Muslin Barrels Liners Bags Fibre Drums Steel Drums Miscellaneous TOTAL
EXPENSES Electric Power Insurance - Property Insurance - Oroup Taxes - Property Taxes - Unemployment Insurance Taxes - Old Age Annuity Liability and Compensation Gas Mr. F. 0. Case - Chicago Office New York Office Departmental - New York Office Telephone and Telegraph Miscellaneous TOTa L
EAST CHICAOO
i 217,048.55 39.372.46
* 286,420.99
* 66,158.27 83,252.98
149,411.25 auaaa
* 34,946.12 33,701.37 6,309.12 4,614.84 783.44 1,241.20 1,113.35 1,600.87 784.93 27,092.30 6,141.53 45.50 31,890.13
* 152,236.70
21,504.11 1,470.16 1,875.62 6,648.95 8,704.75 2,901.53 1,848.93 7,631.90 1,076.53 3,151.62 3,817.45 1,384.52 18,472.24
* 80,485.35
PNYC 00012541
SUMMARY or PLANT EXFENS3 YKAR 1941
CHARGSD
Electrolytic Zlno High Grade Zino Great Palls Dross Off Grade Oxide Trots Canadian Zino Zlno Concentrates (Tooele) Oalrsalzor's Dross Zlno Anodes Zinc Ore (Hexlean) Die Cast Dross Zlno Po b s ReBeIt Zlno Die Cast Slabs Die Cast Sorap Scrap Zlno Zino Clips Galena Lead Ore Zlno Ore (Anerleaa Zlno Co.) Air Bag Ashes Zlno Skinning* Zlno Ore (Stoops) TOTAL
R31IXBD Sublimed White Lead (National) Sublimed whits Lead (Amerioan Zlno Co.) Zlno Oxide (Leaded) Amerioan Zlno Salsa Co. Zlno Oxide Lady Esther Zlno Sklmalngs Dry Whits Lead Zlno Puma Zlno Oxide (New Jersey Zino Co.) Zlno Oxide (Amerioan Zino Salas Co.) TOTAL
SrtgT CHICAGO
$ 737,428.18 17,633.65
899,326.33 7,920.00 3.079.89
127,633.39 1,932.95 3,738.34
31,169.60 21,767.97 17,801.31 113,283.86 30,068.00 12.394.89
838.11 8.691.06 27,440.38 8,283.30 4,878.69 4.061.06 $1,693,065.46
$ 64,466.54 12,499.43 8,027.18 1,534.31 19,643.33 1,237.50 28,374.62 19,707.52
103,149.60 # 252,640.03
Average number of Ben employed for year 1941, Plant Pay Roll
At erage number of hours sorked per week Average number of men on salary roll for year 1941
154.0 38.4 47.0
PNYC 00012542
APPROPRIATION ECPKHDITOESS
TSAR 1941
APPROPRIATION AMOUNT
COST
Total to Tear 194D New InTtmsnt - 1941
$ 953,339.17 ? 1,127,639.71
21.884.41
29.164.04
Total Lo t o s taunt
975,223.58 $ 1,156,023.75 s? . snnajusanan ir~T~* `t --f ~i ~*-i ~i~r~TTTin
2ZPEKDSD - TSAR 1941
136 - Tao Draft Control* for American Type Zlno furnace*
$
$ 55.56
139 - Muffle rurnao*
140 - Sample Pumaoe
22.10
145 - Tlx* Proteotion for Oil Tanka
1,069.29
147 Rererboratory Pumaoe
531.17
148 - IJnendhing Pit
2,325.60
150 - Scale Hooaa at Pottery Building
406.02
146 - Tan Ton Tractor and Trailer Unit
5,664.54
5,152.94
151 - Soalee for Check Weighing Secondary Zinc Material
825.00
1,043.06
152 - Six Door American Block Pomace
12,500.00
17,281.21
153 - Unused Amounts on Appropriation* 138 - 140
-1- e' '
155 - Orerexpended Amount* on Appropriations 145, 147, 143, 150 and 151
693.09
157 - ShOTel Trook for American Block
2,446.00
One Oeneral Xleotrlo Water Cooler
169.42
Highway Trailmobile Trailer (Used)
150.00
$ 21,664.41
$ 28,184.04
Plvre oo, 2543
njTiiiHAtiyKrti. a^trua* a md l l f in in g c o j 3>a iit ZIHC OXIDK DEPART'ZK T
COLLECTIONS - 1941 4IHI OXIDE 8Alls
IB
MONTH
GROSS SALES ZINC OXIDE
January Fsbruary March April Hay June July August September October November December
$ 253 924 74 249 631 68 226 459 80 205 423 48 221 851 05 213 085 32 217 276 46 194 078 32 157 904 99 150 372 69 150 695 72 171 631 94
i 2 422 336 19
GROSS SALES OTHER
MATERIAL
GROSS SAIJiS TOTAL
OVERDUE. COLLECTIONS ACCOUNTS
$ 19 195 96 6 372 74
10 130 20 U 902 48 16 503 49 16 672 01
3 419 34 13 823 81
6 570 99 13 284 64 13 591 34 15 177 30
# 146 694 30
6 278 120 70 256 004 42 236 640 00 217 325 96 233 354 54 234 757 33 220 695 80 207 902 13 164 475 98 163 657 33 164 287 06 186 809 24
$ 243 912 44 232 344 64
243 287 24 220 231 87 212 911 12 223 160 80
243 411 67 194 286 38 201 324 83
184 608 31 156 702 30
172 285 08
14 906 93 18 981 26
13 811 19 20 240 21 14 924 01
5 611 82 7 283 13 6 721 88
5 168 75 5 860 87 5 013 88 6 081 63
$ 2 569 030 49 *2 528 466 68 $ 10 383 80
Cash Discounts Accounts Receivable Percent Receivable to Gross Sales
S 23 088 30 S 170 403 58
6.63
21?1C OXIDE DEPARTaa-il
BAD DEBT LOSSES CHAHOlD OFF 1941
STATE,
IKAH ACCJiU-LD
Burgees Ink Company Martin Customs Bade Tires Company
K8k lorfc New lork
1940 1940
TOTAL CHAI'.UBD OFF
CREDITS
Moline Faint iSSg. Company
Illinois
* 5.97 490 00
S 495 97
S 13 75
Net Losses - 1941
5 482 22
Percentage loss to Gross Sales -'1941 (I 2 422 336 19)
.0199
CUiDUTITE - TO DATE
Gross Sales 1923 to 1941, inclusive Total Bad Debt Loss Percentage Loss
$ 55 120 243 84 20 616 67 .0374
00012544 PNYC
IV
COLLBCTIOSS - 1941
EMITS IMP SALES DRI odi LEAD-ln-OH,
HOHTH
GROSS SALES (CRT)
January February March April
* 63 668 14 47 967 25 79 504 75 77 554 38
Kay June July August
97 499 39 125 316 23 129 589 46 111 313 40
September October HoTanber Dec caber
118 905 73 84 825 22 94 389 55
125 855 74
* 1 156 389 24
GROSS SALES C1H OH)
TOTAL GROSS SALES
17 690 96 13 433 49 25 012 46 70 724 53 83 952 17 42 269 25 41 566 54 43 137 23 34 622 27 38 315 34 26 690 96 25 530 75
* 81 359 10 63 400 74
104 517 21 148 278 91 181 451 56 167 585 48 171 156 00 154 450 63 153 528 00 123 140 56 121 080 51 151 386 49
8 464 945 95 1 621 335 19
COLLECTIONS
OVERDUE ACCOUNTS
189 369 17 $ 23 750 77 72 061 43 36 452 47 68 341 64 27 241 64 89 182 84 16 214 01
110 509 28 12 448 05
149 809 33 166 946 51 155 436 27
15 713 19 24 909 53 22 870 11
169 220 98 18 112 90
161 983 08 17 148 16
103 563 35 19 078 30
841 55
24 236 63
IS
570 265 43 * 21 514 65
Cash Diecounta UloMd *9941 46
t 6 313 59
* 16 155 oi
Account* RacedTable - Total
$ 159 289 91
Fareant RacedTable to uroes Salas
9.82
OOOA^645 P^C
is
COLLECTIONS - 1941 fJKXTE LEAP SALES
( Pry and In Oil )
BAD DEBTS CHARGED OFF 1941
r.HlTE LEAD DEPAF TNeH T
TEAR
DRI
STATE ACCRUED TTHITE LEAD
IfflUL LEAD. DRI and IN OIL SAIj-S
Realty Paint ft v?ppr. Coqpany, Illinois 1940
Hu-Enaael Kiddletosn Conpany Nee Toric 1940
Poarson Paint Coopan/
Illinois 1941
Frederick Dophelde Coopany
Illinois 1938
Joseph Fiala
Nee Tork 1939
Ogden Hdee. h Supply Coa^jany Illinois 1940-1941
Frank Sriekaan Coopa&y
Illinois 1939
Jay1 a Paint Storo
Illinois 1940
Streehie & kullloa
Nee Jars07 1940
Chamberlain Paint Couptny
Pemsa.
1940
Paoria Paint ft Glasa Co.
Illinois 1940-1941
Van Hlao-Davinon Company Ban Jaraay 1940
Edeard C. Bunck
Illinois 1938
Cypress Paint & Kppr. Co.
Sen Tork 1940
Haney Paint ft Bppr. Co.
Indiana 1940
Labanon Paint ft Tfppr. Co.
Indiana 1940
lietropolitan Pi. 6 C0.au Sup. H. J. 1940-1941
0'Corasa11a
Illinois 1941
Phileo Paint Products
Man Jarsay 1941
Total - Charged Off
CREDITS
Texas Laymore Tile ft Lbr. Bolins Paint KXg. Co.
Texas Illinois
1938 1933
.* 7 .*
ft
SHITE LEAD-in-OIL
$ 138 78 96 88 8 66 49 50 45 56 98 43 75 00 32 50
115 63 384.00 244 66
31 77 18 86 75 40 329 99
9 94 79 19 92 90 137 10
$ 2 064 75
. i' )
ft
TOTAL
ft 2 064 75 ft - :
NET LOSSES - 1911
Percent of Loss to Gross Sales - 1941 (Dry ftl 156 369 24) (In Oil $464 945 95)
$ 9.75 1 2 063 96 ft 2 054 21
444
.127
Gross Sales 1926 to 1941 Inclusive
Gross Salas 1932 to 1941
O
TOTAL SALES
Total Bad Debts
Percentage of Lou
CUMULATIVE
* 13 866 344 29
ft 13 866 344 29
3 581 728 17 3 581 728 17
*13 866 344 29 $3 581 728 17 $17 448 072 46
$ 9 732 42 ft 11 799 26 ft 21 531 68
.070
.329
123
PNYC 00012546
i^
COLLECTIONS - 1941
DETAIL OF RESERVE TO BAD DEBTS
ZINC OXIDE SALES
Balance In Reserve - January I, 1941 Credited to Reserve In 1941
Total Bad Debt Loss Charged off in 1941
Balance in Reserve - December 31, 1941
I 30 659 83
30 659 83 482 22
Doubtful Accounts - December 31, 1941
$ 448 01
wans LEAD DKT SALES
Balance in Reserve - January 1, 1941 Credit to Reserve In 1941
(l/4 of 15 In Cross Sales)
5 706 89 2 890 97
Total Bad Debt Loss charged off In 1941
8 597 86
9 75
Balance In Reserve - December 31, 1941 Doubtful Accounts - December 31, 1941
66.30
WHITE LEAD IB OIL SALES
Balance in Reserve - January 1, 1941 Credited to Reserve In 1941
(3/4 of 15 on Gross Sales)
$ 2 966 79 3 475 76
Total Bad Debt Loss charged off in 1941
Balance in Reserve - December 31, 1941
6 442 55 2 063 96
Doubtful Accounts - December 31, 1941
I 1 503 5?
30 177 61
i 8 607 61
i 4 378 59
TOTAL RESERVE FOR BAD DEBTS - December 31, 1941
I 43 163 81
TOTAL DOUBTFUL ACCOUNTS - December 31, 1941 2 017 90
PNYC 00012547