Document nK4DjvBb9V3JJj9XrJ6g6eB1
i
INTERNATIONAL SMELTING AND REFINING COMPANY ZINC OXIDE DEPARTMENT EAST CHICAGO, INDIANA ANNUAL REPORT YEAR 1942
***
pNYC 00012507
INTERNATIONAL SMELTING AND REFINING C CMPANY
EAST CHICAGO. INDIANA
SUMMARY OF ZINU OXIDE DEPARTMENT OPERATIONS
YEAR 1942
OPERATIONS i
The French retort furnace operated only one 12 retort unit for 136 furnace days during the year in campaigns of about 30 days each wherever priority rated orders provided sufficient high grade metal to be secured by allocation. A total of 1,360.6 tons of electrolytic zinc was charged at an average working cost of $29.60 per ton, exclusive of major repairs, depreciation and packing costs. Our metal los3 was 2.96$ for the year on the French furnace operation.
The muffle furnaces operated a total of 451 furnace days producing zinc and zinc oxide, with a charge of 2,520.3 tons scrap for zinc oxide and 3,602.9 tons of scrap for slab zinc production. The average working cost was $21.31 per ton of scrap charged for oxide, exclusive of depreciation, major repairs and packing costs. The furnaces averaged 13.5 tons of charge per furnace day. Metal losses on secondary oxida were .07$ and 3.16$ on slab zinc production.
The American process zinc oxide furnace operation dwindled from a 24 door operation at the first of the year to a 6 door operation at the end of the year. A total of 2,393.0 tons of zinc bearing materials were treated with a metal loss of 8.51$ for the year. The average working cost was $35.41 per ton, exclusive of depreciation, major repairs and packing costs.
LABOR:
The common labor rate was 70^ per hour at the start of the year and was Increased to 72^ per hour on March 1st and continued at this rate for the balance of the year. An average of 72 men were employed 41.1 hours per week for the year. The average monthly wage for all hourly payroll employees wa3 $165,04. On August 8th following the termination of a work stoppage caused by the United Mine Workers we adopted a 48 hour work week paying time and one half for all hours worked over 40 during the week.
An average of. 34 salary employees were on the payroll for the year. This included foremen, sales department employees and all office employees working full or part time on Zinc Oxide Department records.
A one weeks vacation was granted to 57 hourly men and a two weeks vacation was given to 22 men. The total cost of vacations was $3,672,37.
PNYC 00012508
, Sheet #2 - Summary of Zinc Oxide Department Operations - Year 1942
APPROPRIATIONS:
A total of $2,115.75 was spent on an appropriation in 1942 for one Clark shovel truck to handle American Block clinker and other bulk materials throughout the plant.
OPERATING COSTS;
Tha working cost for the entire plant for the year 1942 was $34.57 per ton of material charged, exclusive of depreciation and major repairs, A total of 9,702,902 pounds of zinc oxide and 4,395,621 pounds of zinc slabs ware shipped excluding the by-products from our secondary metal operations that were sold.
ZINC MATERIALS PURCHASED:
We purchased 1,438,8 tons of electrolytic zinc at an average cost of 8.446?' per- pound and 5,781 tons of secondary metals at an average of 6,469? per pound of zinc contained. The East St, Louis prime western zinc price was unchanged for the entire year of 1942 at 8-1/4? per pound.
mb 2/16/43
cc: Mr. J.R. Hobbins Mr, R.E. Dwyer Mr. E. Laist /
Plant Manager
PNYC 00012509
TKEAMEMT-PROroCH ON-SHIPMENTS
YEAR 19<2
TOTAL ZINC MATERIAL CHARGED
EAST CHICAGO PLANT METALLIC
ZINC POUNDS
Electrolytic Zinc Greet Falla Dross Die Cast Dross Remelt Zina Prime Western Spelter Die CaBt Slabs Die Cast Scrap Scrap Zinc Zinc Clips Zinc Ore Zinc Fume Zinc Oxide (Monsanto) Zinc Skimmings Air Bag Ashes Total
2,721,256 1,479,012
216,464 639,160 220,280 1,183,590 5,054,898 368,029 172,250 797,707 662,926
22,368 163,262
29.704 13,730,906
TOTAL MATERIAL REMIXED
Zinc Oxide Sublimed White Lead Leaded Oxide Zinc Skimmlngs Total
Gross Lbs,
80,000 313,800
70,800 960,123 1,424,723
On Hand December 31st, 1942
SHIPMENTS
Merchantable Oxide Treated Zinc Residue Muffle Dross Lead Tin Alloy Iron Dross Slab Zinc (All) Refuse Oxide
On Hand January 1st, 1942
PRODUCTION
Zinc Oxide for Trade Treated Zinc Residue Muffle Dross Lead Tin Alloy Iron Dross Slab Zino (All) Refuse Oxide
9,702,902 166,913
2,730,144 54,938
257,350 4,395,621
256,346
9,093,552 166,913
2,730,144 54,938
257,350 4,560,901
256,346
2,292,630
17,564,214 19,856,844
2,736,700 17,120,144
17,120,144
PNYC 00012510
OUTCOffi OF NEW MATERIAL
YEAR 19 4 2
FRgJCH PROCESS
Tons Charged as Zinc
Recovered as Zinc Merchantable Oxide Off Grade Oxide Difference in Process beginning and end Metal Loss
MUFFLE FURNACES (ZINC CBgDB OPERATIONS)
Tons Charged as Zine
Recovered aB Zinc Merchantable Oxide Off Grade Oxide Zinc Residue for Raritan Other Residue Muffle Dross All Slab Zine Difference in Process beginning and end Metal Loss
MUFFLE FURNACES (SLAB ZINC OPERATIONS)
Tons Charged as Zine
Recovered as Zine Off Grade Oxide Zine Residue far Raritan Other Residue Muffle Dross All Slab Zinc Difference in Process beginning and end Metal Loss
AMERICAN PROCESS
Tons Charged as Zinc
Recovered as Zinc Merchantable Oxide Off Grade Oxide Difference in Prooess beginning and end Metal Loss
ROTARY CAICINER
Tons Charged as Zinc
Recovered as Zinc Merchantable Oxide Treated Zine Fume Off Grade Oxide Metal Loss
BAST CHICAGO PLANT
TONS 1,360.6
_s_____ 100.00
1,166.0 169.6
40.3
85.70 12.46
2^96
1,836.3
537.3 111.0
7.0 274.3 382.2 625.9
".7 1.4
100.00
29.26 6.05 .38
14.93 15.37 34,09
1~ .07
2,833.9
77.1 4.8
353.7 254.4 2,045.6
8.8 89.5
100,00
2,72 .17
12.48 8.98
72.18 .31
3.16
1,700.3
1,396.0 166,0 144'. 7
100.00,
82.11 9.76 8.51
467.0
219.0 193.5
26.5 28,0
100.00
46,89 41.43
5.67 6,01
PNYC 00012511
WORKING COST PBR TCH MATERIAL CHARGED
>. in h h ^ co > in m in y y co o *> c%
&
CO 3 3i
t- co co o e* H w ^in wq m n o K> h w ^
mD c*-
to co
c0o> to
H to
e* s
y
cr-Ho ts
N to
1t*0 in m y
to ptoH* *
4
NWP) i*< NO
eo y <o y to ir>
ny
mo
tcoo
CwD
wy
to n
fcro- ym oe*-
in co
to Q y
tyo CO
fflocon co foS *o yCO y~ i O <0 C* <7> CO tO H H CO H
in co H in
**coo yco to* ttos
fHQtOW n n to n
o 5* o to
y cr>
to to CO
o* oy <0 o N *0 o H N cn lO CO W C- to o* m h y y co in
9o p to
y <o o t** co y
iO (Tv CD O to co in to
3 CO y o
CO SS w s>
H <*
CO r-t CO
to y <o io co y in to co to o o* n coomo inco 0 H H CO Q y co to to to y co
N H (Jvin
OCidH c- m k o in to c* y y
y to e- m co h
royt oyNocCoD g>o ion0 crol
<n in co co
y y
co
h
o> co
hco
y to
CO in
K ^
UU fl tn
a^ ^pah4Gdl<*<hHSflHa>i>nft0+o4*a*fe0S00g40n0 Js 0.0 00300 O 0 O
in 3
in to 4fr
tro-t to
r-i
ft
y s
N 0 itno*
O to
a
PNVC OOO.J5,,
WORKING AND PRODUCTION COST
PNYC 00012513
EAST CHICAGO PLANT
ou
OM H Ii
^O w Cw- too ttor
to co ^ in *
u
c m to co a in ** It
.l! to O' u
*e>
ii--nf in
IN CM O Q O u CD O CO CM .s
'8 8
rH II
om
O CO CM rJ
o in
o **
to o to t^ CO
(J to
H to
03 c*.
W o
iCnD
K b
HO03*
HHe*
tCO
n
'i'
n
3e- 8ii
to CO tj> H to tf to >
in
CM
ooo
2
g
to !N CO o
to in
in r-4 tn CM to c m
CO Ov O) O ts CD CO O
t
OCM >MftS) COO
O If) H ^
CM ft
^* IHt
iCnO
II
k
CD IUI
88
g<oLA|
CO CM
co co
? *4
SC* 3to 8S
rH O
CtoO tcoo
to O O oo
id N to
c m co h m
tHcon rHotOm*
oo-
rH CM
N if
in o o
^ CD co
s:CM c m o in
o* O w ii
CO w r-i CO 88
O' CO IN rH CM C* CO CM CM O* * *
in io to o
> Q to CM CO in H
8 VcQ H if) in co in
r in to
in C- CM
?W .l
rH
CO
*
CM
rH
0> to
21
*4
&
O *H 0)0 0 hfl*HPH HO >h0 Jd O
7
s
ZINC CaaDE OPERATIONS
DEPARTMENTAL OPERATING COST PER POUND OXIDE YEAR 19 4 2
EAST CHICAGO PLANT
ENTIRE PLANT
January
February March April May June July August September October November December
2.107 1.892 2.038 3.368 3,092 4.356-
2.338 2.920 3.618 3.435
Average
2.617
Repacking Damaged
Oxide
.
Depreciation ,254
Major Repairs None
2.847 =====
FURNACING AND
COLLECTING .892 .907
1.054 1.227
1.187 2,583
1.389
1.389 "= *== =
PACKING MUFFLE
.342 .377 .397 .471 .623 .644
8.758 3.022 2.106 2.645 7,333
.765 .735 ,865
.509
4.693 3.612 4.050 3.005
4.020
.509
4.020 *== ==
AMERICAN PROCESS .1.936
2.105 2.707 2.586 2.987 1.808
8.780 3.137 2.251 2.450
2.450
ROTARY CALCINIH .2.490
1.193 1.420 2.408 3.689 1.046
.838 .414 .979 .923
.923 SS KSS
TOTAL OPS?. AND ZINC COST ON
TOTAL PROD.
7,570 8,438 9.004 9.632 9.157 9.747
8.811 9.181 10.842 13.457
9.053
PNYC 00012515
POST OF ZINC MATERIAL PURCHASED YEAR 19 4 3
EAST CHICAGO PLANT
ELECTROLYTIC ZINC
Cost
Per
Pounds
Lb.
Gross
Zinc .
SECONDARY ZINC .
Pounds Gross
Pounds Zinc
January February March April May June July August September October November December
Total
696,471 518,092 334,238 178,985 277,861
54,000 480,000
132,000 206,000
8.508 8.724 8.412 8.260 8.487
8.371 8.249
8.256 8.284
314,468 397,642 709,423 946,396 2,096,225 2,147,747 1,299,141 656,815 763,416 587,806 1,016,308 624,796
2,877,647 *=C=S*=C*
11,562,183
254,206 315,184 569,970 736,167 1,705,021 1,683,456 1,019,531 532,697 599,447 478,818 824,453 516,301
9,235,271 *****
Average Coat
8.446
Cost Per Lb.
Zinc
6.315 6.494 6.603 6.651 6.737 6.518 6.313 6.469 6,077. 6.298 6.199 6.435
6.469
TOTAL Cost Per Lb. Zinc
7.922 7.881 7.272 6.966 6.982 6.518 6.313 6.644 7.043 6.301 6.483 6.962
6.939
XNTOOIXJCTiaN. EAST CHICAGO PLANT
YEAR 1942
Total Profit after Depreciation Production in TonB
All Grades of Oxide Production in Tons
Slab Zinc Capital Expenditures in 1942 for
Extensions and Betterments Total Sales Zinc Oxide in Tons Total Sales Slab Zinc in Tons Amount of all Total Gross Sales Net Return on Average 1942 Investment Cumulative Return on Investment
Since 1922
10
$ 1. , i
4,546.8 2,280.4 2,115.75 4.854.7 2.197.8 $ 1,411,580.41
205.89$
PNYC 00012517
CROSS SALES TO VARIOUS INDUSTRIES SINCE 1929
YEAR
PAINT
.RUBBER
1929 $2,300,149.79 $ 1,332,329.65
1930 1,716,392.13
1,423,992.54
1931 1,464,813.92
1,347,972.10
1932 1,016,651,70
1,051,306.95
1933 1,354,164.62
1,903,634.04
1934 1,010,089.75
1,409,011.79
1935
969,661.55
1,538,170.01
1936 1,163,465.10
1,328,356.94
1937
820,826.41
1,108,771.20
1938
495,695.88
994,044.44
1939
719,912.83
1,474,181.42
1940
704,697.20
1,331,644.14
1941
743,447.90
1,155,893.18
1942
310,092.80
348,257.52
MISCELLANEOUS $ 363,288.64
309,524.09 366,409.39 299,962.15 464,662.93 371,109.62 '478,887.92 606.773.43 398,643.42 323,305.87 448.850.44 471,550.14 522,995.11 189,577.70
.TOTAL $ 3,995,768.08
3,449,908.76 3,179,195.41 2,367,920.80 3,722,461.59 2,790,211.16 2,986,719.48 3.098.595.47 2,328,241,03 1.813.046.19 2,642,944.69 2.507.891.48 2.422.336.19
847,928.02
PNYC 00012518
EaST CHICAOO AND AKAON ALTAI'S BUSINESS STATEMENT YEAR 1942
J
PERIOD 1922 1923 1924
CAPITAL * INVESTMENT
$ 20,631.61
352,499.06
523,706.07
PROFIT
LOSS
# # 5,334.38
15,162.15
362,983.56
NET.
% RETURN *
69,31
1925
643,896.84
101,30 5.94
15,74
1926
665,654.13
68,391.84
I".' 7
1927
703,749.09
41,182.98
5.85
1928
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
638,089.60
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
' J
1937
1,046,623.18
851,367.34
- -
1938 1939 1940
1,072,792.48 1,112,978.96 1,127,839,71
124,446.02 17,596.48
6,674.56
11.18
1,56
1941 1942
1,156,023.75 1,158,139.50
214,877.19 148.304.01
.. .
Total
Investment
and Return
to Date
#1,158,139.50*
#4,145,768.98 #1,761,233,56 #2,384,535.42
205.89
RETURN CM INVESTMENTS BY PLANTS
Investment
Profit
<
East Chicago Akron
# 648,574,41 509,565.09
# 793,617.87 1,590,917.55
122.36 312.21
Total
#1,158,139.50
205.89
* No allowances mads for depreciation charges of #4.26 per ton of merchantable oxide eleb
INCOME AND PROFIT AND LOSS 1942 ra 1941
13
GROSS SALES Zlne Oxide Slab Zine Total Less: Freight, eto.
Nat Salas
COST OF GOODS SOLD Zine Oxide Slab Zino Total
Gross Margin
YEAR ENDING DECEMBER 31st
1942
1941
DIFFERENCE
$ 847,928.02 377.061.74
$1,224,989.76 44.190.46
$1,180,799,30
$ 2,422,336.19
* 2,422,336.19 133.338.62
1 2,288,997.57 awaiwwawK* TM
$ 1,574,403.17 377,061.74
* 1,197,346,43 89,148.16
$ 1,108,198,27
$ 865,152.96 404.184.61
$1,269,337.57
88,538.27
* 2,386,239.23 1 2,386,239.23
97,241.66
i 1,521,085.27 404.184.61
* 1,116,901.66
8,703,39
STT.T.TNO EXPENSE
13,685.64
63,516.52
49,830.88
Gross Profit from Sales Other Income Total
102,223.91 4,ic;..i6
$ 106,350.07
INCOME CHARGES Cash Discounts on Sales Bad Debts - (Reserred for) Agency Stock Expense General Expense (Selling) Credit and Collection Expense Total
$
8,896.64 4,794.22 4,934.77 13,493.13 9.795.18 41,913.94
NET PROFIT
$ 148,301,01
Zine Oxide Slab Zine Other Total
POUNDS SOIP Zinc Oilds Slab Zlno Total
116,518.69 27,554.93
$ 148,504.01
9,709,335 4.395.621 14,104,956
160,75. IS 8.616.56
* 152,L41.62
59,534.27 12.782.72 45,751.55
23,088.30
14,191.66
6,366.73
1,572.51
6,711.25
1,776.48
16,709.06
3,215.93
9,860.23
61.05
* 62,735,57 $ 20,021.63 cacextrissaa
$ 214,877.13 $
66,573.18
223,493.75
ln6
27,354.93
8,616.56
13.046.95
$ 714,877.19 *
66,573,18
33,163,945 440.203*
33,604,148
3.955.418 19,499,192
* Condensed Metal < No profit or loss shown during 1941.
PNYC 00012520
PAYROLL
Operating Other TOTAL
SALARIES Operating Other TOTAL
SUMMARY CF PLANT EXPENSE _______ YEAR 19 4 2
EAST CHICAGO
* 124,727.38 17.869.91
* 142,597.23
* 45,961.32 71.838.42
* U7.799.74
SUPPLIES (Operating) Puel Oil Hard Coal Soft Coal Coke Retorts Fire Clay Duok Muslin Liners Bags * Paper DrumB Miscellaneous TOTAL
1 25,391,69 17,207.90 584.62 8,185.94 876.73
163,49 1,024.30 1,559.42
404.71 U,759.91-
4,314.87 27.444.47 1 92,918.05
EXPENSES Electric Power Insurance Property Insurance - Group Taxes - Property Taxes - Unemployment Insurance Taxes - Old Age Annuity Liability and Compensation Reworking Damaged Oiide
New York Offloe Departmental New York Office Telephone and Telegraph Miscellaneous TOTAL
* 14,522.26 3,762.04 1,371.12 6,111.00 3,553.76 1,763.58 1,170.62 1,?0.71 8,958.33 3,710.67 LyOXutbi.
1 47,746.32
PNYC OOOI2521
SUMMARY OF PLANT EXPENSE YEAR 19 4 2____________
CHARGED
EAST CHICAGO.
Electrolytic Zinc High Grade Zinc Great Falls Dross Galvanlzer's Zino Dross Die Cast Dross Remelt Zinc Prime Western Spelter Die Cast Slabs Die Cast Scrap Sorap Zinc Zino Clips Zinc Oxide (Monsanto) Zinc Ore (Mexican) Zino Ore (American Zinc Co.) Zinc Fume Zinc Skinralngs Gelena Ore Air Bag Ashes TOTAL
$ 223,569.52 6,516.91
101,624.64 2,102.90
11,282,82 49,606.96 18,768,92 80,100.98 312,398.14 25,014.43 13,568,31
1,373.67 7-: .76
47,631.61 44,957.15
7,592.67 W."
898.06
* 946,894,90
RIJfTXED
Zinc Sklmmings
Sublimed White Lead (National)
Sublimed White Lead (American Zinc
Sales Co.)
Zinc Oxide (American Zinc Sales Co.)
TOTAL
$
27,103.90 18,831.34
2,440,00 9.688.85 58,064.09
Average number of men employed for year 1942 East Chioago Plant Pay Roll
Average number of hours workedper week Average number of men on salary roll for
year 1942
72 41*1
34
PNYC 0012S22
16
APPROPRIATION EXPENDITURES YEAR 1942
Total to Year 1941 New Investment - 1943 Total Investment
APPROPRIATION. AMOUNT
* 975,323.58
2.781.82
* 978,005.40 easBSixsxBB
Q0$T * 1,156,023,75
2.115.75 * 1,158,139.50
EXPECTED YEAR 1942
158 - Adjustment on Appropriations Nos. 139,
146 and 153
$
3,113.07
157 ~ Shovel Truck for American Block
_______ - .V 5
$ 3,781.83
$ 2.115,75 2,115.75
PNYC 00012523
888
COLLECTIONS - YEAR 1942 ZINC OXIDE SALES '
EAST CHICAGO PLANT
MONTH.
CROSS SALE3 . ZINC OXIDE
January $ February March April May June July August September October November December
140,549.39 100,273.00
86.042.73 70,201.60 67,911.67 22,905.56 27,665.27 49,796.08 82,996.33 92,755.39 33,175.26 73.655.74
# 847,928.02
GROSS SALES OTHER
MATSUAL
4,057.52 6,024.72 16,888.06 21,263.80 27,501.69 7,358.22 9,173.64 30,583.68 66,946.16 54,993.96 70,559.35 132.602.11
$ 447,952.91
CROSS SALES
____ TOTAL
, COLLECTIONS
OVEHIWE `ACCOUNTS
144,606.91 106,297.72 102,930.79
91,465.40 95,413.36 30,263.78 36,838.91 80,379.76 149,942.49 147,749.35 103,734.61 206,257.85
148,311.59 152,356.31 131,966,33
99,145.85 101,835.39 102,550.75
48,162.51 42,595,06 71,828.69 87 ,392.24 86,683,88 50,607.80
$ 5,577,63 10.665.76
13.135.77 5,174.89 4,287. 3,678. 4,214, 2,471,25
1,622,50 2,059.07
978,75 1,015.00
$1,295,880.93 $1,123,436,40 $ 4,573.37
Cash Discounts Accounts Receirable Percentage Receivable to Cross Sales
8,896,64 72,483,28
5,60
ZINC CHIDE DEPT,
BAD DEBT LOSSES CHARGED CFF 1942
STATE
YEAR ACCRUED
Martin Custom Made Tires Co. Mutual Paint Manufacturing Co,
N.Y.
1940
Minn, 1941-1942
TOTAL - CHARGED OFF
CREDITS
AMOUNT
$ 99.00 213,88
$ 312.88
Haolonelster Lind Kelner 86 Co, Moline Paint Manufacturing Co,
.Pa.
N.J. 111
1932 1940 1933
1..
NET LOSSES - 1942
Percentage of Loss to Gross Sales 1942 ($847,928.02)
CUMULATIVE - TO DATE Gross Sales 1923 to 1942, inclusive Total Bad Debt Lose Percentage Loss
$ 173.54 .0204
$ 55,968,171,86 20,790.21 .0371
PNYC 00012524
COLLECTIONS - 1942 WHITE LEAD SALES
(DRY AND LEAD IN OIL)
18
MONTH
CROSS SALES GROSS SALES. GROSS SALES TOTAL GROSS
(DRY)
'(PULP LEAD)
(IN OIL)
SALES
COLLECTIONS
OVERDUE. ACCOUNTS
January } 127,399,09 9
9 41,419.81 9 168,818.90 9 156,006,30 9 20,768.90
February 77,020.76
72.08
35,110.33
112,203,17
143,408.67
16,609.50
Maroh
109,783.55
4,965.51
33,000.50
147,749.56
134,322.38
22,792.92
April
83,873.39
44,738.07
128.6U.46
139,209,90
16,209.11
May
41,212,25
67.73
36,740.80
78,020.78 123,780.32 14,820.49
June
47,221.26
36,849.47
84,070,73
78,313.51
8,616.74
July
32,551.04
36,381.22
68,932.26
80,659.33
9,858.66
August
52,456.00
32,129,28
84,585,28
89,756.87
7,548.50
September 62,194.64
29,315,33
91,509.97
74,172.97
5,674.16
October
47,861.74
27,533,55
75,395.29
90,889.80
7,591.71
November 36,744,01
15,277,97
52,021.98
68,071.14
6,919,66
December 46.260.64
14,172.79
60.433.43
66,872.15
8,880.63
$ 764,578.37 9 5,105.32 9 382,669,12 91,152,352.81 91,245,463.34 9 12,190.92
Cash Discounts Allowed 9
7,729.25*
9 5,611.91
9 13,341.16
Accounts Receivable ~ Total
9 50,531,73
Percentage Receivable to Gross Sale* * Includes Pulp Lead
4,38 %
PNYC 00012525
COLLECTIONS - 1942 WHITS LEAD SALES (ERY AND IN OIL)
i.y
BAD DEBTS CHARGED OFF 1948
YEAR
WHITE
STATE ACCRUED DRY WHITE LEAD LEAD-IN-OIL
TOTAL
WHITE LEAD DEPARTMENT
WHITE LEAD DRY AND IN OIL SALES
Fred Anton3en
111.
1940
E. T. Carlson Paint Co.
111.
1942
Clauson's Paint Jc Wallpaper 111.
1942
Cypress Paint Sc Wallpaper Co . N.Y.
1941
H. J. Day Paint Jc Wallpaper N.Y. 1941-1942
Excelsior Paint Co.
N.Y.
Flgatner.Paint Sc Wallpaper Ill
1942
Globe Paint Supply Carp.
N.J.
1941
Haney Paint Jc Wallpaper Co. Ind.
1941
Hawthorne Paint Sc Supply Co. N.J.
Inca Paint Mfg, Co,
N.J.
1941
Y. E. 'Lillibarg.Sc Co.
111. 1941-1942
McKinney Bros.
Pa. 1940-1941
Max Paint Sc Glass Co.
N.J. 1940-1941
Metropolitan Paint Sc Glass N.J.
1941
Miles Wallpaper & Paint Co, 111. 1941-1942
Moyer's, Inc*
N.H.
1941
O'Connell's
111.
1941
Paint Pot
Ohio
1940
Philcro Paint Products Co.
N.J.
1941
Pioneer Paint Sc Yamlsh! Co. 111.
1940
Rain-On-Products Mfg. Co.
111.
1942
Square Hdw, Co.
Mass,.
1942
Smithfield Paint Co.
Pa. 1941
Howell's
N.Y.
1941
Mutual Paint Mfg, Co.
Minn .1941-1942
Purdy's Paint Store
Pa. 1941
Total - Charged Off
# $
284.75 16.50
301,25
$ 191.75 337.11 44,20 25.00 219.61 9,66 7.13 130.50 100.00 8.80 187.01 351,88 199.00 93.62 25.00 118.83 21.75 16.49 17.19 25.00 22.21 64.17 62.63 25.00 12.57
$ 2,316.11
$ 2,617.36
CREDITS H. 0. Long Paint Co. Hackmeister Lind Moline Paint Mfg, Co. Trent Tile Co.
111. 1939-1940
Pa. 1932
111.
1933
N.J.
1937
l" -e -->
- .c:-
NET LOSSES - 1942
127.52
2,309.42
|4436.94
Percentage of Loss to Gross Sales - 1942 (Dry $769,683.69) (In Oil $382,669.12)
.0M1S6S
.605
CUMULATIVE
Gross Sales 1926 to 1942, inclusive
$14,636,027.98
Gross Sales 1932 to 1942. Inclusive TOTAL SALES
$14,636,027.98
#3.964,397,29 $3,964,397.29
.2U
#14,636,027.98 3,964.397.29
#16,600,425.27
Total Bad Debts
$
9,859.94 $ 14,108.68 #
23,9M".62
Percentage of Loss
.067
.356
.129
PNYC 00012526
20
COLLECTIONS - YEAR 1942
DETAIL OF RESERVE FOR BAP DEBTS
ZINC OXIDE SALES
Balance in Reserve January 1st, 1942 Credited to Reserve in 1942
Total Bad Debt Loss Charged Off in 1942
Balance in Reserve December 31st, 1942
$ 30,177,61 ______ None
$ 30,177.61 173.54
Doubtful Accounts December 31st, 1942
$ 291,01
WHITE LEAD DRY SALES
Balance in Reserve January 1st, 1942 Credited to Reserve in 1942
{1/4 of 1% Gross Sales)
8,607,61 1,924,21
.Total Bad Debt Loss Charged Ctff in 1942
I 10,531,82 127,52
Balance in Reserve December 31st, 1942
Doubtful Accounts December 31st, 1942
None
WHITE LEAD IN OIL SALES
Balance in Reserve January 1st, 1942 Credited to Reserve in 1942
{3/4 of 1# Gross Sales)
# 4,373.59 2,870,01
Total Bad Debt Loss Charged Off in 1942
$ 7,248.60 2,309,42
Balance in Reserve December 31st, 1942
Doubtful Accounts December 31st, 1942
528,69
$ 30,004.07 $ 10,404.30 $ 4,939.18
TOTAL RESERVE FOR BAD DEBTS DECBffiER 31st, 1942 TOTAL DOUBTFUL ACCOUNTS DECEMBER 31st, 1942 $819.70
$ 45,347.55
P,lyc