Document vYxm6r3kmR9VZy1yV3O9bYBR

Mr. F. 0. Case, Assistant to the President Anaconda Cooper dining Company RooA 1^60 - 25 Broad'-ron Hew York 4, flaw York Doer Mr. Case: Since our telephone conversation y asterday^I have discussed with Messrs. Stoltc end 'Mine the attached statementhas been prepared by the Accounting Department to show the estinbjhd amount of cash to be realized by lir-uldstion of the~llTiid assets other than the supply items. In preparation of this/ddie'Sent we have used the date of August 1st, 1946 ss the bass poridd/fron which the figures are prepared. The statement shows that'll,122,006/eash should be realized by ths liquidation. \\ . //' Refinery Department \\// ... \ / Some explanatory remarks-might'-be helpful in studying the attached tabulation. ThA by-products shipped to Omaha, Tooele and U.S.S* Lead repreaent inventories that would normally bo frozen when the Refinery was in opekition. The Hies of these metals frozen as inventories in the Rofikiry approximate 410,000. Those frozen inventorlss are exclusivVof the Mixed Metal inventories of $83,090. \ White Leaadd U^rtment 1^$ accounts receivable are largely from sale of White Lead and Lead-id-nil. The inventory of finished White Lead and finished Lead-in-Oil\ Is close toIq frozen inventory of these materials when the plant is Oporttiue. YSu-/arill note that there Is no inventory item of raw material'br"Ha-pieces37 material. The "In process" material in a normal operating--plant would approximate $50,009 and this inventory value added to the $57,000 of finished White Lead and Lead-in-Oil would indicate a normal frozen inventory of *87,000 for the White Lead Plant. Zinc Oxide Department The "in process" materials amounting to f32,000 is largely the Refuse Oxide which t o have in stock at the American Block. The by products shown at a value of $41,000 is largely the vslue of the residue metal v.hieh we treated in the Muffle Furnaces during '-u-ist to produce Prime Western Zinc end a Low Zinc Residue Metal which has been .sold and shioped. PNYC0000B767 N11320 Hr. T, 0. Casa -3- Septemher 12, 1946 The probable: frozen inventories at the Oxide Plant would approximate the following: Zinc Scrap InTentorlea Other ?.n-,T Materials Finished "'tTl-l? f200,000 50,000 150,000 ?4b0,000 Surmary of Kor-nl In7>'"-t<>-"iw3 Tor oil three wlrnts inventories as follows: coaid summarize the probable frozen Lead Refinery $410^000 Shite Lead Plant Zinc Oxide Department 971000 4oo|doo Refinery Metal R"c.rva~lao &i9? ]QpO In thin letter "r -vh-uvi UKv to 4t~ug th figures which 'Mr. Ctoltn has v.h.citt'-d to o.of.il-.e-U'wl'-.r late of :j*rahi'mbor 11th, copy of which ws pent to you.-* office, 'Irr'Laiet and Mr. J'sHt . The tabulation attached to Mr., fitblte'a letter "iVis on estimate* of metal recoTerssl from by-1Toduotc i.nj pf-uvsg/t at (fki at shut Q-tn. Tha significant thing about this thbhlation 'll che fact that the lead, antimony, silver and gold shown on ohr' book'rf as "in process" has almost entirely been accouttefl for by WtOrials that we have shipped - to Omaha, U.3.5. Lead or Tc3ele-..'~While Vlihse figures are not final they are reasonably correct. \ \N [( M Ii.n`i t'/hate? ccaaswe ouif Ii twhie-.j i1 iur1 trri,eit ii isBttiil.l'. ij nu tvhn<eg ppiliaiunttp, residue furnace dismantlleament ostirrrgyhnAees epre conuse^rvnative., I believe tha in the Case of the high grade _blast furnace fil_e?.*' which is shown as cccontaining 100,000 pound^-oJ[lJ.jSBd, tiiiejwtSridl is difficult to estimate its recoverable Zpdd content because of the presence of cetallics *!iich make any satisfactory sample difficult to obtain. It should also be mentioned tp'rtt these "nmai gains on lead, antimony and silver am over and above tn# assumed matol recoveries which 're have been carrying on our books forsthe yeaf/l?45. Zinc Oxide Matat'~Rggoverle3 In our .Tuly cost sheets we showed a metal gain of 319,705 pounds of zinc which would be our indicated gain of metal as of August 1st, 1946. This gain of zinc may be slightly altered vha.n the final disposition of Orpet Falls Dross, Refuse Oxide, Must Collector Oxide and Liquation Dfoss are disposed of but we believe tb9 physical inventory and the booh inventories are reasonably correct on these items. PNYC000C9763 Mr. J. 0. Casa 3-- September 12, 1946 White Lead Metal Recoveries The White lead Plant lead recovery at the close of July indicates a gain of 71,000 pounds of lead. We trust that this is the information you desire. PNYC0QQ08769 BSTIMATSD AJJOnfT OF CASH TO BF REALIZED FROM LIPOID PLAMT ASSST3 AS OF ATJdJST lat, 1946 Refinery Department Accounts Receivable (principally Mljced Metal Department) By-Products to Omaha By-Products to Tooele By-Producte to 0.S.3. Lead Slag Pile: Bismuth (Refined) Mixed Metal Inventory Miscellaneous scrap White Lead Department Accounts Receivable Inventory Finished White Lead Finished tead-in-011 Finished Sulphate $ 38,708.00 13,473.00 - Zinc Oxide Department Accounts Receivable Inventory Finished In Process (Refuse Oxide) Raw Material Electrolytic Zine Great Falls Dross $114,270.00 32,000.00 85,000.00 22,000.00 By-Products (Residue Metal) 41,000.00 Material and Supply Items not included in above $100,000 $ 33,263.00 292.795.00 113.657.00 4.429.00 20,000.00 7.525.00 88,000.00 15.300.00 $ 574,969.00 $ 84,921.00 57,181.00 142,103.00 110,817.00 294.270,00 $ 405,087.00 $1,122,158.00 LAJ.t/bm 9/12/46 PNYC00008770 N11320.01