Document nmnQwbrdjRO7z1rDGg7Bw26GX
i
INTERNATIONAL SMELTING AND REFINING COMPANY ZINC OXIDE DEPARTMENT
EAST CHICAGO, INDIANA ANNUAL REPORT YEAR 1942
***
pNYC 00012507
N11183
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 724 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 were 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 8.4467 per- pound and 5,781 tons of secondary metals at an average of 6.4697 per pound of zinc contained. The East St, Louis prime western zinc price was unchanged for the entire year of 1942 at 8-1/47 per pound.
mb 2/16/43
cc: Mr. J.R. Hobbins Mr, R.E. Dwyer Mr. P. Laist /
Plant Manager
PNYC 00012509
treament-producti on^shtpmtots
YEAR 1942
TOTAL ZINC MATERIAL CHARGED
EAST CHICAGO PLANT METALLIC
ZINC POUNDS
Electrolytic Zinc Greet Falls Dross Die Cast Dross Remelt Zino Prime Western Spelter Die CaBt Slabs Die Cast Scrap Scrap Zino Zinc Clips Zino Ore Zino Fume Zinc Oxide (Monsanto) Zinc Skimmlngs 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 Zino 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 Zino (All) Refuse Oxide
On Hand January 1st, 1942
PRODUCTION
Zino Oxide for Trade ' Treated Zino 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
OUTCCMB OF NEW MATERIAL
YEAR 1942
FRSICH PROCESS
Tons Charged as Zinc
Recovered as Zinc Merchantable Oxide Off Grade Oxide Difference in Process beginning and end Metal Loss
MUFFLE FURNACES (ZINC CKIDE OPERATIONS)
Tons Charged as Zino
Recovered as Zinc Merchantable Oxide Off Grade Oxide Zinc Residue for Raritan Other Residue Muffle Dross All Slab Zinc Difference in Process beginning and end Metal Loss
MUFFLE FURNACES (SLAB ZINC OPERATIONS)
Tons Charged as Zinc
Recovered as Zinc
Off Grade Oxide
Zinc 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 Zino Merchantable Oxide Off Grade Oxide Difference in Prooess beginning and end Metal Loss
ROTARY CALCINES
Tons Charged as Zinc
Recovered as Zino Merchantable Oxide Treated Zinc Fume Off Grade Oxide Metal Loss
EAST CHICAGO PLANT
TONS 1,360.6
% 100.00
1,166.0 169.6
40.2
85.70 12,46
sl96
1,836.2
camaas
537,2 111.0
7.0 274.2 282.2 625.9
r,7 1.4
assssa
2,833.9 **
77.1 4.8
353.7 254.4 2,045.6
8.8 89.5
sassKMaa
1,700.2
1,396.0 166.0 ' e '' 144.7
467.0
219.0 193.5
26.5 28,0
Maaacs
100.00
aaaaaa
29.26 6.05 .38
14.93 15.37 34,09
.1" .07
100,00
aascca
2.72 .17
12.48 8.98
72.18 .31
3.16
mmmacz=m
100.00 ,
82.11 9.76
8.51
ssaCB
100.00
46,89 41.43
5.67 6,01
=
PNYC 00012511
ZINC OXIDE OPERATIONS
WORKING COST PER TON MATERIAL CHARGED
YEAR 1 9 4 2
EAST CHICAGO PLANT
ENTIRE PLANT
TONS
PER TON
FORNACING AND
COLLECTING
TONS
PER TON
MUFFLE FURNACE
TONS
PER TON
AMERICAN HtQCESS
TCWS
PER TON
January February March April May June July August September October November
December Total
1,034.4 974.3
1,082.7 868.5 765.2 912.1
446.7 185.3 293.5 318.5 6,881.2
#29.353 31.834 31.926 33.633 40.502 24.894
301.1 288.7 270.8
#19.749 19.267 22.493
228.7 25.140
157.9 186.9 410.4 471.5 232.6 599.0
37.020 71.913 46.998 45.150
251.8 19.5
1,360.6
23.640 98.616
136.3 129.9
58.1 137.7 2,520.3
#30.241 30.126 16.638 17.538 29.343 12.943
542.7 394.5 336.3 284.1 243.2
235.0
#23.775 31.392 40.647 37.712 45.567 34.316
31.265 30.488 36.971 23.675
35.9 159.8 161.5 2,393.0
85.127 40.354 36.470
Average per Month
573.4
34.579
113.4 29.604 210.0
21.313
199.4
35.415
Repacking Damaged Oxide
Major Repairs Depreciation
'7C
None 3.352
GRAND TOTAL
#37.661
#29.604
#21.313
#35.415
ROTARY CALCINER
TONS
PER TON
32.7 104.2
65.2 112.9
60.7 78.1
#30.427 11.075 20.258 16.051 14.551 14.944
58.6
75.6 19.3 607.3
14.488
7.187 16.557
50.6
14.894
#14.894
Z l& H )00
f
PNYC 00012513
July August September October Norember December Total Average
Major Repairs Depreciation GRAND TOTAL
WORKING AND PRODUCTION POST YEAR 1942
SLAB ZINC OPERATIONS EAST CHICAGO PLANT
TONS MATERIAL CHARGED626.1 127.2 192.4 780.6 999.7 876.9
3,602.9 300.2
PER TON ZINC CHARGED $ 23.430
90.089 28.951 17.039 , 15.533 16.807
$ 20.895
None 1.551
22.445
PER LB. ZINC PROIXJCED 2.0747 14.362 2.369 1.899 1.768 1.784
2.1967
None .163
2.3697
TOTAL GPER. ZINC COST ' ON TOTAL PROIXJCTTQN
9.0327 12.929
8.183 9.921 8.815 10.328
9.5037
05
COST OF PORTION OF MAJOR ITOE
WORKING GOST PER TON MATERIAL CHARGED YEAR 19 4 2
EAST CHICAGO PLANT
EURNACING AND MUFFLE FURNACES MUFFLE FURNACES
ENTIRE PLANT
COLLECTING
(ZINC OXIDE)(METAL)
AMOUNT % COST AMOUNT f> COST AMOUNT
% COST AMOUNT
% COST
AMERICAN PROCESS ROTARY CALCINER
AMOUNT
% COST AMOUNT
i' COST
Pay Roll -
Direct
:)84,276.66 27.07 $7,778.74 19.31 $12,448.17
Salaries -
Direct
16,642.40 5.35 3,887.18 9.65 3,289.79
Fuel Oil
25,391.69 8.16 4,946.48 12.28 8,189.14
Hard Coal
17,207.90 5.53
Coke Carborundum
2,185.94 .TO
'
Retorts Muslin Duck
876.73 .88 876.73 2.18 1,559.42 .50 442.00 1.10 1,024.20 .33 286.00 .70
681.42 360.75
Fibre Drums and Liners
4,719.58 1.52
Bags
11,759.91 3.78
Electric Power 13,223.36 4.25 3,229.95 8.02 1,451.96
Taxes - All
7,500.42 2.41 973.55 2.42 1,803.10
Insurance - All 3,368.89 1.08 437.28 1.09
809.88
Other
121,615.91 39,04 17.421.88 43.25 24.680.00
Total
$311,353.01 100.00$40,279.79 100.00$ 53,714.21
23.17 $20,253.16 6.12 2,615.33
15.25 12,256.07
1.27 .67
2.70 2,002.73 3.36 2,577.89 1.51 1,157.89 45.95 34.403.00 100.00 $75,266.07
26.91 $29,441.81
3.47 16.28
3,751.37
17,207.90 2,185.94
436.00 377.45
2.66 5,819.69
3.43 1,711.61
1.54
768.78
45.71 23.048.03
100.00 $84,748.58
34.74 $3,671.15
4.43
20,30 2.58
40.59
.51 .45
926.40
6.87
63.24
2.02 434.27
.90 195.06
27.20 3,754.86
100,00 $9,044.98
10.24 .70
4.80 2.16 41.51 100.00
Depreciation 28.655,17
5.587,55
GRAND TOTAL $340,008,18
$80,853.42
PNYC 00012514
s
ZINC CKIDE OPERATIONS
DEPARTMENTAL OPERATING COST PER POUND firrmi! 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 sate*
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 CALCINIR .2.490
1.193 1.420 2.408 3.689 1.046
.838 .414 .979 .923
.923
TOTAL OPIR. AND ZINC COST ON
TOTAL PROD.
7.370 8.438 9.004 9.632 9.157 9.747
8.811 9.181 10.842 13,457
9.053
PNYC 00012515
9
POST OF ZINC MATERIAL PURCHASED YEAR 19 4 3
EAST CHICAGO PLANT
January February March April May June July August September October November December
Total
ELECTROLYTIC ZINC
Cost
Per
Pounds
Lb,
Gross
Zinc .
SECONDARY ZINC .
Pounds Gross
Pounds Zinc
696,471 8.508
314,468
. 518,092 8.724
397,642
334,238 8.412
709,423
178,985 8.260
946,396
277,861 8.487 2,096,225
2,147,747
1,299,141 .
54,000 8.371
656,815
480,000 8,249
763,416
587,806
132,000 8.256 1,016,308
206,000 8.284
624,796
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
2,877,647
11,562,183
9,235,271
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
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
Average Cost
8.446
6.469
6.939
05'6 pH'*0
INTOODUCTiaN. EAST CHICAGO PLANT
YEAR 1942
Total Profit after Depreciation
Production in Tons All Grades cf 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
GROSS SALES TO VARIOUS INDUSTRIES SINCE 1929
XX
YEAR
PAINT
RUBBER
1929 $2,300,149.79 $ 1,332,329.65
1930 1931
1,716,392.13 1,464,813.92
1,423,992.54 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
iLnb X1 CHICAGO AND AhhCin r'L^A ro BUSINESS STATEMENT
___________ YEAR 1942
J.2
PERIOD 1922 1923 1924 1925 1926
CAPITAL * INVESTMENT $ 20,631.61 352,499.06
523,706.07 643,896.84 665,654.13
PROFIT $
LOSS $ 5,334.38
15,162.15
362,983.56
101,30 5.94
68,391.84
NET.
f> RETURN '
'. 69.31 15,74 rv 7
1927 1928 1929 1930 1931 1932 1933
703,749.09 769,786.09 826,150.09 838,368.18 904,566.89 919,216,40 921,812,13
41,182.98 436,962.73
64,140.98 503,976.46 910,876.68 638,089.60 460,150.04
5.85 56,76
7.76 60,11 100.70 69,42 49.92
1934
934,506.13
243,936.90
26,10
1935 1936 1937 1938
968,248,00 1,010,159.54 1,046,623.18 1,072,792.48
240,120.61
451,122.09 851,367.34
6,674.56
24.80 ' J
- -
1939
1,112,978.96
124,446.02
11.18
1940
1,127,839,71
17,596.48
1,56
1941 1942
1,156,083.75 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 ON 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
$1,158j139,50
$2^384j535.42
205.89
* No allowanc8S mads for depreciation charges of $4.26 per ton of merchantable oxide end sleh *< sold.
wwo0'*6"
INCOME AND PROFIT AND LOSS '1942 tb 1941
13
GROSS SALES Zinc Oxide
Slab Zino Total Less: Freight, eto.
Net Sales
YEAR HIDING 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
133,538.62
$ -1,574,403.17
377,061.74 $ 1,197,246,43
89,148,16
$ 8,288,997.57 $ 1,108,198.27
COST OF GOODS SOLD Zinc Oxide Slab Zino Total
Gross Margin
$ 865,152.96 404.184.61
$1,269,337.57
83,538.27
$ 2,386,239.23 $ 2,386,239.23
97,241.66
$ 1,521,085.27 404.184.61
$ 1,116,901.66
8,703.39
SELLING EXPENSE
13,685.64
63,516.52
49,830.88
Gross Profit from Sales Other Income Total
102,283.91 -
160,75.18
4,ic:.,15
8.616.56
$ 106,390.07
$ 152,L41.62 1
58,534.27 12.782.72 45,751.55
INCOME CHARGES Cash Discounts on Sales Bad Debts - (Reserved 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
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
C5.05
$ 62,735.57 $ 20,821.63
esBsssB*sais
NET PROFIT
$ 149,30*.01
$ 214,977.19 $
66,573.18
e arts ss =s *as
Zlne Oxide Slab Zino Other Total
'
116,518.69 27,554.93
$ 149,504.01
223,493.75
ln6 07^>
27,354.93
8.616.56
13.046.95
$ 214,877.19 $
66,573.18
POUNDS SOID Zinc Oxide Slab Zlne Total
9,709,335 4.395,621 14,104,956
33,163,945 440,203*
33,604,148
23,d`;t, 010 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 <F PIANT EXPANSE _______ YEAR 19 4 2
EAST CHICAGO
# 124,727.32 17.869.91
# 142,597,83
% 45,961.32 71.858.42
$ 117,799,74
SUPPLIES (Operating) Euel Oil Hard Coal Soft Coal Coke Retorts
Fire Clay Duok Muslin Liners Bags - Paper Drums Miscellaneous TOTAL
$ 25,391,69 17.207.90 584.62 2,185,94 876,73
163,49 1,024.30 1,559.42
404.71 11.759.91
4,314.87 27.444.47 $ 92,918.05
EXPOSES Electric Power Insurance Property Insurance - Group Taxes - Property Taxes - Unemployment Insurance Taxes - Old Age Annuity Liability and Compensation Reworking Damaged Oxide New York Offloe Departmental New York Office
Telephone and Telegraph . Miscellaneous
TOTAL
$ 14,522.26 3,768.04 1,371.12 6,111.00 3,553.76 1,763.58 1,170.62 i,?071 2,958.33
3,710.67 1,310.51 9.415,14 | 47,746.32
pNYC 00012527
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
$ 223,569.58 6,516.91
101,624.64 2,102.90
11,888,82 49,606.96 18,768,92 80,100.98 312,398.14 25,014.43 13,568.31
1,373.67 7-:.70
47,631.61 44,957.15
7,598,67 ' e-V
898.06
* 946,894.90
REMIXED
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
8,440,00 9.688.85 58,064.09
Average number of men employed for year 1948 East Chioago Plant Pay Roll
Average number of hours woikedper week Average number of men on salary roll for
year 1948
72 41*1
34
PNYC 0012s22
16
APPROPRIATION ESPENDITORIS 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
EXPANDED 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 SALES . 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
OIOSS SALES OTHER
MATERIAL
$ 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 $ 148,311,59 I 5,577,63
106,297.72
152,356.31 10.665.76
102,930.79
131,966,33 13.135.77
91,465.40
99,145.85
5,174.89
95,413.36
101,835.39 4,287.
30,263.78
102,550.75 3,678.
36,638.91
48,162.51 4,214,
80,379,76
42,595,06 2,471,25
149,942.49
71,828.69
1,622,50
147,749.35
87 ,392.24
2,059.07
103,734.61
86,683,88
978.75
206,257,85
50,607.80
1,015.00
$1,295,880,93 $1,123,436,40 $ 4,573.37
Cash Discounts Accounts Receivable
8,896,64 72,483,28
Percentage Receivable to Cross Sales
5.60
ZINC CKIDE DEPT.
BAD DEBT LOSSES CHARGED OFF 1942
STATE
TEAR ACCRUED
AMOUNT
Martin Custom Made Tires Co. Mutual Paint Manufacturing Co.
TOTAL - CHARGED OFF
CREDITS
N.Y.
1940
Minn, 1941-1942
$ 99.00 213,88
$ 312.88
Hachmelster Lind Keiner & Co, Moline Paint Manufacturing Co.
Pa. N.J.
IU.
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
*sters*
.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
March
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 1 5,105.32
aisMsscsM
9 382,669.12 91,152,352.81 91,245,463.34 9 12,190.92
Cash Discounts Allowed $
7,729.25*
E3rCKl
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 WHITE LEAD SALES (ERY AND IN OIL)
w
BAD DEBTS CHARGED OFF 1942
WHITE LEAD DEPARTMENT
YEAR
WHITE
STATE ACCRUED ERY WHITE LEAD LEAD-IN-OIL
TOTAL
WHITE LEAD DRY AND IN OIL SALES
Fred Anton3en
111.
1940
E. T. Carlson Paint Co. Clauson's Paint Jc Wallpaper
111. 111.
1942 1942
Cypress Paint Jc Wallpaper Co, N.Y.
1941
H. J. Day Paint Jc Wallpaper N.Y. 1941-1942
Excelsior Paint Co.
'
N.Y.
Figatner .Paint Jc 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
V. E. 'Lillibarg. Jc Co.
111. 1941-1942
McKinney Bros.
Pa. 1940-1941
Max Paint Jc Glass Co.
N.J. 1940-1941
Metropolitan Paint Jc Glass N.J.
1941
Miles Wallpaper Jc Paint Co, 111. 1941-1942
Moyer's, Inc*
N.H.
1941
O'Connell's
111.
1941
Paint Pot
Ohio
1940
PhilcrD Paint Products Co.
N.J.
1941
Pioneer Paint Sc Varnish! Co. 111.
1940
Rain-On-Products Mfg. Co.
Square Hdw, Co.
,
111. Mass,,
1942 1942
Smithfield Paint Co.
Pa. 1941
Howell's
N.Y.
1941
Mutual Paint Mfg, Co.
Minn,,1941-1942
Purdy's Paint Store
Fa. 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
NET LOSSES - 1942
Percentage of Loss to Gross Sales 1942 (Dry $769,683.69) (In Oil $382,669,12)
- --.
127.52
.016
- r. 2*309.42
.603
2a436.94 .211
CUMULATIVE
Gross Sales 1926 to 1942, inclusive
$14,636,027.98
Gross Sale3 1932 to 1942, Inclusive TOTAL SALES
$14,636,027.98
$3.964.597.29 $3,964,397.29
$14,636,027.98 3.964.397,29
$18,600,425.27
Total Bad Debts
$ 9,659.94 $ 14,108.68 $ 23,968.62
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 1i Gross Sales)
8,607,61 1,924,21
.Total Bad Debt Loss Charged Ctff in 1942
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 DECEMBER 31st, 1942 TOTAL DOUBTFUL ACCOUNTS DECEMBER 31st, 1942 $819.70
$ 45,347,55
PNrc
