Document rB50YbRY3V4mr3gydEX2Z6oye
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INDUSTRIES
PITTSBURGH PLATE GLASS COMPANY/ONE GATEWAY CENTER/PITTSBURGH, PA. 15222/ AREA 412/2B1-5100
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October 6, 1967
Mr. A- E. Gaoly, Treasurer The Pantasote Company 26 Jafferson Street Passaic, New Jersey 07056
Dear Mr. Ganlyr
vi.
Subject: VCM Sales Contract - Price Adjustment
He hare applied the several escalation factors in Section 6 of the subject contract to determine- effective prices for the first, second, third, and fourth quarters of 1967*.
The resultant prices are these t t
S, First Quarter . Second Quarter Third Quarter Fourth Quarter
$0.01*67 per pound $0.01*68 per pound
80*0U51i per pound $0.01*56 per pound
Applying the above prices to shipments made through September 30, 1967 re sults in a refund to Pantasote of $21,099.30 computed as follows:
First Qtr. Second Qtr,* Third Qtr*
Lbs* TC31 Delivered
8,216,970 18,688,820 19,975,520
Invoice Price
.01*67 .01*67 .01*67
Effective Price
.01*67 .01*68 .01*51*
Price Diff.
+.0001 -.0013
Adjustment
+ 1,868.88 -25,968.18
Total
21,099.30
We are enclosing our check for the above refund to bring our billing current through September 30. Shipments made in the fourth quarter will be invoiced at $0.0156 per pound*
The prices stated above were computed as follows:
^ S/)</* 7
UCCLEW0738
Mr. A. E Ganly Page 2 October 2, 1967
VCM Salea Contract - Price adjustment -- continued
First Quarter equals base price of $0.01x67
Second Quarter:
Factor A: Factor B: Factor C: Factor D:
EL - E2 - 0 G2 - CEL - +.0010 x .012 -+.000012
VCL - W2 * 0 106.0 -105.9 - +.1 x.00058 - +.000058
Total adjustment Previous price
Hew VCM price Hew price rounded
+.000070 .Oi>67
*02x6770 .01x68
Third Quarter:
Factor At Factor B: Factor Ct Factor I):
EL -E2 - -.0025 x .50 - -.001250
G2 - GL - +.0002 x .012 - +.000002
'Wl -- W2 - 0.
106.0 -105.8 - -.2 x .00058 - -.000116
Total adjustment
-,001361x
Previous price
.01x6800
Hew VCM price
.uixblxjb
New price rounded
.Olx51x
Fourth Quarter:
Factor Ar Factor B: Factor C: Factor D:
El - E2 0
GO. - G2 - -.0012 x .012 - -.OOOOllx
W2 - m. - +.io x .0005 - +.000050
106.1 - 105.8 - +.3 x .00058 - +.00017U
Total adjustment Previous price Hew VCM price Hew price rounded
+.000210 .01x51x00 .0U5ol0 .01x56
In the future, price per pound will be redetermined on the first day of January, April, July and October to become effective for the calendar quarter beginning on each of the above dates. This procedure is consistent with the terms of the contract.
Tours'very truly,
'2BH/jt
. ' - { S. 3*-'Hoses
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cc: Hessers: W. G. Ferguson; C. 3. Grant; R. 2. Hippes
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UCCLEW0739