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Secretary's Copt
IKTERHATIOHAL SMB1TIKG ASP HEFIHIKG COMPAFT
DIRECTORS* MEETIKO - AUGUST 28. 1945.
PROGRAM
^ ' / V
DIRECTORS
Cornelius F. Kelley j James R. Hobblns
Robert S. Dwyer William Wraith Frederick Dalst Clyde E. Weed J Elbert 0. 3owerwlne
llsOO A. H.
Minutes of the Meeting held July 24, 1945, to be read and approved.
Presentation of Statements of Met Income and of Het Current Assets as of
July 31. 1945.
_.
Approval of Appropriations 1
Ho.
Description
.
151 For a Tale 3coop Truck for the East Chicago Plant
Amount
is,300.00
Resolution to be adopiet^ratifying the action of the Officers of the Company
in executing on August 18# 1945, am behalf of the Company, Gas Sales Agreement with the B1 Paso Hatural Oas Company covering the purchase of Hatural Oas for industrial use at Inspiration, Arizona*
RESOi
action of the Officers of the Company
In e
If of the Company on August 16, 1945,
Gas
it between the El Paso Hatural Oas Company
and n 1 Smelting and Refining Company, covering
the ^Hatural Gas for industrial use at Inspiration,
Arizona, be and it hereby is in all respects ratified, approved
and confirmed.
Adjournment.
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PNYC00006S57
N11109.01
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Coraollua F. Kallax Janas B. Bobbin* Bobort I. Dtjw Bllllaai Vralth. Fradoriek 1*1*% Clydo B. Band Blbort 0. Soaoralaa
moo a. m.
Ktantoa of tbs Hasting bold falx B4 1945* to bo road and approrod.
Proamtat Ion of Statnati of Bat Iaaona and at Bat Curort Assota as of
flair 31* 1M3*
-
ABEro^l of Appropriations*
/
SSLi.
161
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For a Tal* Sooo0frak far tba Boot Cbloogo Float
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H.808.00
Booolmtlan to bo
In oxooatlag on . _ Apraa--pt dth tka B1 lateral ~ - - -
ratifying tea oatlon of IB. IBdl. an botaalf of tin
Offloors at tha Cooiponx Baa Salsa
of
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N11109.02
INTERNATIONAL SKKLTIKC ASP BEFITTNC COMPANY KaKSUNDUH FOB DIRBCTOBS' MEETING AUGUST 28. 1945
ESTIMATED SEP INCOME
Month of July 194J,,
Smelting Department
Baritan Copper Work* Lead Refining Deportment Zinc Oxide Department
White Lead Department Accrued Interest on Advances to
Leases Sold Miscellaneous
,
$ 33,870 79,233 6,311 15,848 ' 5,485
$ 31.-07
Deduct:
Glacier Peak Leaae - Cancelled Advance* Written Off
$
Does on Sale of Claims:
Walker Mining Company
Administrative Expense*
Capital Stock Tax
Miscellaneous Taxes
Interest - 61 Debentures
- Anaconda Copper Mining Company
-
_
7,500 1,042
2 -
. $ 8,J44
Less - Depreciation & Obsolescence
Federal Income Taxes BBT INCOME
$ 64,465 frtl.?0?,
$ 19,558 . 1,400
$ 14,158
Add - Bet IncosM of Subsidiary Companies
~
CONSOLIDATED BET ISCCUB
$ 14.158
Month of June 1945
$ 23,806 66,194 6,578 36,274 5.,348
-
$ 72.ie?2
$-
8,018 1,042
-
$ 9,060
$ 70,832 47,822
$ 23,010 6.400
$ 16,610
4 16.610
Seven Moa ended July
31,.. 1945
$105,567 859,432 42,808 83,265 22,756
13,500 18.296
$893,978
$-
44,628 72,732 11,042
5,935 -
56,501
$190,838
$703,140 348,117
$355,023 86.800
$268,223
163
$268.386
Seven ;.*03.} ended July
31, 1944
$ 61,193 605,276 54,661 37 ,098 15,320
as 40,682
$674,268
$ 60,711 45,240
64-, 4-06 5,833 4,979
234,639 75.837
$491,645
$182,623 336,940
$204,J17 ' -'
$204,317
74,446
$273,763
' COBSOLIDATSP SQBPLBS aCCOONT
BALANCE - January 1, 1945 (Adjusted)
ADD - let Income - Seren Months ended July 31, 1945
BALAHCB - July 31, 1945
'
$642,441 268 386
910.321
P"1'0006S5,
N11109.03
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umasATiom amTiiro md kbpibibg comphty HaCHAHpm FOB DIHEGTOSSt MSSTIHC - AnGOST 28, 1945
ESTIMATED SET IgCOlS - SMELTIBO DKPABTMBrT
Tooele Li Plant Tooele Copper Plant Tooel Sulphide Concentrator Tooele 31eg Plant Ideal Plant
Deduct: Traoaay expense Outside exploration Selling Coaai salon Oxide Concentrator
Less: Depreciation
Month of July 19+5
$42,278.
'' 2.517 492
22,793 13.100 $30,560
Month of June 1945
$11,232
38.445 101
24,143
JbJg. $20,674
Seven Mos, ended July
31, 1945
Seven Hos, ended July
31, 1944
$124,657 210,079 16,473 166,501 -82,,9#
$ 68.832
$ 69,025 122,592 59,207 154,665 103.604
$125,859
$ 150 550
2,000 610
$ 3.310 $33,870
14,643 $*8,513
$ 142 547
1,834 609
$. hm $23,806
16.009 2tgMi
f 952 16,562 15.132 4,089
$105,567 114,441
$220.008
$ 1,277 38,287 19,386
$ 64,666 $ 61,193
134,236 $ 73,043
PKrccooo68ec
N11109.04
INTSRKATIOifAL SMELT IffG ASP HEFIfflMG COMPAKY MEMPaAffDOlf FOB DIBECTOBS* MEETIHG - APOPST 28, 1945
ESTIMATED SET INCOME - BABITAH, COPPSt VQV3.S
Profit on Polli Profit on Premium* Profit on Gliding Met*l Profit on Sale* Electro Shoot Beportaont Mlacelleneoua Incoaa
La - Generel Xxpenae Soiling Expenaea Snoring bpanaea
Leaa - Depreciation
Month of July
$46,436 36,548 2,900 10.J26 691 800
$81,901
Month of Jnno 1945
$35,075 21.794 1,138 10,937 56l 820
$68.049
Seren lfo<> ended July . 51, 1945
$566,004 134,011 80,244 78,023 4,825 11,062
$874,169
Seren Moa. ended July
31, 1944
$466,663 40,096 43,565 66,000 9.170 12,100
$619,254
$ 1,000 837
.$ -
1,022
___ 21
$ 2.668
--ill $ *.
$79,233
$66,194
27.460
$34.098
$38,334
$ 2,000 6,803
__ liU
$-14.737 $859,432
195.245 $664.187
$ 2,000 5,627 6.351
$ 13,978 $605,276
201,764 $405,512
PNYC000C6861
N1H09.05
ISTKRHJJI0I1L StBLTIJG 1HD RPmgG COMPHT uacHiironii fob sibbctops* menno - apotst 28, iw ssTiiaTzo bst ikcohh - lead bspibiso, airo oxide m> white ibid Dspxarasirrs
LEAD RK?rSISO DSPABS10KT Operating Income Less: Depreciation
SET I5CDUS
ZISC OXIDX DIPAHIMBT Sales of Zlno Oxide Slab Zlno
Cost of Sales - Zlno Oxide Slab Zlno
Operating Profit* Sine Oxide Slab Zlno
Depreciation* Zinc Oxide Slab Sine
flat income: Zlno Oxide Slab Sine
-
SIBC oxn>i Pounds Sold
. Sales Price Cost of Sale*
SLIP SHC Pounds Sold Sales Price Cost of Sales
.
WHITE HID DKPiBIKBra Sales of Deed Products Coat of Sales
leas* Depredation
ist noon
Pounds of lead Producte Sold
Sales Price
-
Cost of Sales
.
Month of July 154-5
$ 6.311 2.818
i 3.453
Month of June 1945
$ 6,578 2,538
$ 4,040
Seren Moe0 ended July -.31* 1945
$ 42,808 .13,825
$ 24,583
$178,183 4.184
*182,373
$162,341 4*184
$166.52S
$ 15.848 -
$195,738 20,479
$216,217
' $159,464 20,479
$179,943
$ 36,27.4 -
$ 15,848
$ 1.133 -
$ 36,274
$ 1.279
$1*139
$ 14,649 -
$ 1.279 $ 34,995
$ 14.649
$.14,,99?
$ 889,187 154,210
$1,043,397 $ 805,922
154,210 $ 960,132 $ 83,265
i 83,265 $ 10,951
. $ 10,951 $ 72,314
$ 72,314
2,104,050 8.47$
- 7.72$
2.243,150 8.73$ 7.11$
10,366,560 8.58$ 7.77$
50.030
8.36* 8.36$
240,622 8.51$ 8.51$
1,812,176
8.51$ 8.51$
$ 46,164 40,679
$ 5.485 1.110
$...4*125
525.136 8.79$ 7.75$
$ 24,023 29,371
$ 5.348 526
5 *8.8.4
258,815 . 9.28$ 11.35$. .
$ 398,134 420.890
$ zzTffi _____ 2iSi
$ 32.011
4,422,486 9.00$ 9.50$
Seren Moa* ended July
31, 1944
$ 54,661 20,652
1 75,313
$858,770 72,795
$931,565
$823,098 71.369
$894,467
$ 35.672 1,426
$ 37,098
$ 14,889 1,08a
$ 15,973
$ 20.773 3*2
$ 21.125
9.922,483 8 065? 8.304
861.098 8.45$ 8.29$
$583,508 598,828
$15,320 14,315
$ 29,635
6,617,766 8.82# 8.854
PNYC00006862
N1H09.06
IKTSRSATIOifAl SMBLTIHO ATO HEPHIIKC COMPAHT natoamun fob directors'. itBBrare - aootst 28, ms
BET CURBEHT ARP OTHER ASSETS - JOLT 31. 1945?
C'JKREHT ASSETS: Supplies Metals: In Process Finished:
Lead Copper surer Gold By-Products
.
8,759.612
lbs. O
17,803,176
lbs. 0
1,893.173
oss. o
17.868.215 oss. e
4.468c
9.129T 36.12 T 34.45
fieaerre for Freight and Refining Charges
Manufactured Products: Lead. Products Zinc Oxide Earitan Copper Torts - Electro Sheet Dept.
*"
Accounts BecelTable: Tolls Others
Cash A
$ 391,379 1,625,313 683.739 615,569 18.927
$3,3}4)927 699.076
$ 160,625 324,438 12.168
$1,176,969 638.071
$1,045,688 2,298,780
2,635,851 497,231
1,815,040 $8,915,491
CORHEHT LIABILITIES: Taxes Accounts Payable - Inter-Cosipeny: Anaconda Sales Cos^eny Other Accounts Payable Wages Payable
.
SET CUHRSST ASSETS
OTHER ASSETS:
'
Adranee* to sundry nlning coDpanles,
Including adrances on ores, less reserre
Installaent' house and land sales and other
accounts rectlrable, less rsserre
B1LAKCK - 1ST CURREET AH) OTHER ASSETS
$ 144,539
428,134 1,193,212
143,217
1.909.102 $7,006,389
* 11.24*
11.822
23.066
$7.029.455
PNYC00006863
N11109.07
ibtjhmatiomal aaaunrs sro bpibiio gogpisr
WMDBunwn ?os pmcToaai locerns - urevst zb, 1945 3ixs3, mxvsaiss jap psosocTicat - all DEpAgatgsTs
SMKLTBB PBODCTCTIOMl Copper - Lbe. Tooele I Coe ton Toll
Vital> Costoa Toll
lead - Lb*. Tooele
3CHIP OOPPffi ESC1ITKD AT PBM ABBOT Cnetoa Fabrication Toll Metals Betern
Es?nr*ar phcdcctioi Copper - Greet Lea* - Toll Sorap
Lead - Lbt. Sllrer - 0*. Gold - Ota.'
S1LX3I Oopper - Lbe.i Tooele . Vital Baritan
.
Lead Lbt.
nuTxaxxst
Copper - Lbe.i Tooele Mlanl Harltan
Lead - Lb*.
SHC OXXMi Produotlon - Lbt. Sellrerlea - Lba.
slab sure
Production - Lb*. Oellrerlet - Lb*.
Month of July
-Ha,;
Seren Moa. ended Only
19*5
Seren Moa. ended July
31. 1944
Per Cent Increase Decrease
314,256 568,142
214,030
9.6U.605
3.085.482
5,259,373 5.819.975
1,976,400 83,112.185 96,167,933
21.837,370
6,103,171 11.212.968
2,918,189 78,457,912 98.692.240
26,865.287
38.904 1,056.896
1.095.800
773,064 9,244,557
10.017.621
558,658
7.431,037 690,208
"8,679.903
20.597,256 1.056.896
19,540.360
6,265,949 480,278 3,250
239,235,002 9,244,557
229.990.445
40,626,181 5.361,574 45,298
188,116,704 7,431.037
180a635n667
44,395,437 7,175,241 62,968
2.6 13.7
15.4
27.3 8.5 25.3 28.1
200,000
--31.865 231.965
6,131,137
4,300,000 1,900,000 . 305.477 - 6,505.477
39,840,021
7,050,000 2,450,000
958.275 10.358.275
45,512.873
37.2 12.5
214,030 31.785
245.995
3.623,982
4,792,035 1,976,400 - ?0?.+77 7,073.9lz
27.645.581
8,308,198 2.912,118
899.406 12.119.722
32.059,967
2,511,400 2,104,050
11.385.970 10,366,560
10,260,030 9,922,483
1,404,494
372,976
-
50,030
1,812,176
861,098
41.6 13.8
U. 4.5
276 .5 110.4
PNrcoC0O664
N11109.08
A regular Mating of the Board of Director* of the
IKTERHATIQKAL SJflEDTIIO AUD BB7XX1B0 COMPAVX tu held at tho
offlea of tha Company, *o, 26 Broadway, law fork, N. Y., on
Tueaday, August 28, 1945, at 11<00 o'clock A* I.
PRESMTi
Haasrai Hobart K. Dwyer Rilliaa Wraith
Albert 0. Sowerwlne
.
ABBEiff:
Messrs* `
Cornelius F. Salley JaMt R. Bobbin*
Frederick Laiat Clyde I. Hood
Thara being no quorun present, the Mating waa adjourned.
<S) W. H. ORAHL
Aaalatant Secretary.
PNYC0C006865
N11109.09