Document ykovXG41BZDjYGooMjnE6v9Z4

~W*.~ PNyC00CC6a66 N11110 T"T Secretary's Copy INTERNATIONAL SMELTING ftND REFINING COMPANY 11:00 DIRECTORS'. MEETING - OCTOBER 22, 1946 PROGRAM DIRECTORS Cornelius E. Kelley n/ W. H. Hoover Frederick Lalst Robert E. Dwyer v Clyde E. Weed James R. Hobbins B. 0. Sowerwine^ /Minutes of the meeting held September 21+, 1946 to be read and approved. Presentation of Statements of Net Income and Net Current Assets as of 'S September 30, 1946- Approval of Appropriations: No. Description 1+80 Concrete loading platform for Baker Trucks at Perth Amboy. 161+ Drilling a third deep well near reservoir In Pine Canyon and purchasing and Installing new pump for well at Tooele Plant. Amount $19,038.00 * 8,150.00 ^ -- Resolution to be adopted-authorizing the President or Vice President and Secretary or Assistant, Secretary to execute and deliver to the Eagle-Picher Company a deed covering the sale of the East Chicago, Indiana, plant and such other proper and reasonable instruments of transfer as may be required in connection with the contract of sale heretofore entered into with Eagli- Picher Company on September 2?, 194-6. \J Adjournment P*YC, H? nragmam. s mk l t ib q a b p Rgygrn c o p a i* ycnoair oy BaaoxAB k o k t h l t me bt ih o o * t h k b o a h p or d ir e c t o r s HELD agPTMBBH 2lp. 19U-6 Du lack of quorum tha aeatlngi of July 23 and Auguat 27, 19J| vara adjournad. Visutes of tha ragular maetlng hald Juna 25, 191+6 vara raad and approvad. Statamenta of Ret Insane and Hat Currant Asaafca aa of August; Jl, X9W vara approved and ordarad plased on f11a* Resolution vas adoptad ratifylng and approving tha nation of tha Offlaara in authorising Appropriations In oonneetlon vith Estimates Vo. 163 and Ve. 78 amounting to $52,513.${. Resolutions vara adoptad ratifying tha action of tha Offlaara in exeevtlng tha ' i' daada aovarlng tha sal*i. of ^land in Tooele_ sConint._y_ , rUrtaa.ha,a__s_ a f. a-m lla_v"sTs 2, &. Kayo Jos Corroni A Vifo S. J. Raison A Vlfa Poserlptlon .03 aares, as deaeribed In dasd tot 12, Bloek 2, Kelsey Subdivision Lot Ip, Bleak 2, Kelsey Subdivision Amounl $ IOO.C 250.C 250.c Resolution vas adoptad approving tha nation of tha Offlaara in exeeuting contrasts datad Kay 15, 19^6, hatvaan Intarnational Snalting and Refining Company, Tark-Kenold Vinos Corporation, and Park-IaXsan Mining Company, evidencing eomplete srlthdrnsml of Internetlonal from tha aparations of thoso companies. Raaolutlon van adoptad SKtksrlslng tha Offlaara of tha Company to naka arrange ants to sail amd dispose of tha land, buildings and aqulpmant at tha Bast Chieago, Indlana. flaintv' Adjournment. o PNTC000C6868 N11110.01 INTERNATIONAL SMELTING AND REFINING COMPANY DIRECTORS' MEETING - OCTOBER 22. 1946 PROGRAM 11:00 A.M D IREC T 0RS Cornelius F. Kelley W. H, Hoover Frederick Laiat Robert E. Dwyer Clyde E. lffeed James R. Robbins E. 0. Sowerwine Minutes of the meeting held September 24, 1946 to be read and approved. Presentation of Statements of Net Income and Net Current Assets as of September 30, 194-6 * Approval of Appropriations: No. Description 48o Concrete loading platform for Baker Trucks at Perth Amboy. 164 Drilling a third deep well near reservoir in Pine Canyon and purchasing and installing new pump for well at Tooele Plant. Amount #19,058.0 8,150.0 Resolution to be adopted autb.0xd.2ing the execution of deed for sale of the East Chicago Plant to the Eagle-Picher Company. Adjournment. PNYC0C0C6869 N11110.02 PTEBMATIOBAL SKEIg IMG MTU EgglBG COMPAMT KatoajjrmM ?o h d ibb c t o r s ' ms e t ims - Oc t o b e r 22, 1946 ESTIMATED 1ST IHCOMM Smelting Department Bar1tab Copper Works Lead Refining Department Zinc Oxide Bepartaent White Lead Bepartaent Accrued Interest an idTances to Leases Sold Miscellaneous Income Month of September 19*6 $ 803 160,706 400 Deduct: Loss on Sale of Claims: Walker Mining Company Admlnistratlre Expenses Capital Stock Tax Miscellaneous Taxes Interest - Anaconda Copper Mining Company - 1939 Income Tares *161,909 *10,000 * 10.000 Less - Depreciation and obsolescence Federal Income Taxes Met Income Add - Ret Income of Subsidiary Companies *151,909 -fS3& *106,528 *3.000 $ 63,528 - Consolidated let Income *JiiaS28 Month of August 19*6 $ 21,629 222,437 19,221 398 *220,427 ** 11,180 $ 11,180 $209,2*7 *9.528 *159,719 63.200 * 96,519 .$ 96.519 Mine Mos. ended Sept, 30. 19*6 $ 163,419 637,761 180,540 25,405 70,672 11.099 *1,088,896 Mine Mos. ended Sept. 30, 19*5 $ 197,889 890,3*3 62,099 92,769 32,081 18,500 23,511 $857,252 $92,353 7,079 $ 99,432 $989,46* 377,*50 $612,01* 255.800 $356,21* 1,289 $357.503 $ *4,628 90,487 13,125 8,619 56,501 8.295 $221,655 $635,597 *35.072 $200,525 61,937* $138,588 371 $118*J52 CCKSOLIDATKD SURPLUS ACCOUHT BALASCE - January 1. 19*6 ABB - let Income - Mine Months ended September 30, 19*6 BALAMCE - September 30. 19*6 - $870,460 357,503 $1,227,963 * - Includes Federal Income Taxes - 1939 $25.*98 PNYC0C006870 N11110.03 .wmaBaBSSBKs SKiWJJawww^^ tKKimodiKJtisioaK^iiKCSiiiH UfSHHlTIOSiL 3USLTISO tfD BPIHISO POMPAPT KBPRunnat p o b d ib b c t o b s ' k k e t iig - ocroBia 22. 194.6 ESTIMATED BBP IECOMB - SMBLTIKG DEPATmnenp Tooele Lead Plant Tooele copper Plant Tooele Sulphide Concentrator Tooele Slag Plant Klaed Pint Deducts Traorap Bcpeaae Outside Exploration Selling Coanisslon Oxide Concentrator Less: Depreciation nr q t c o me Month at Septekher 1946 $ 8,224 1,200 192 15.5*9 19.850 * *.733 Month of Inguet 19*4 $ 2,693 800 1,383 13,85b 27,750 $17.168 line Koi. ended Sept. 30. 194* line Xoe, ended Sept, 30. 1945 $ 81,415 $201,588 27,641 220,893 183.994 10,175 172.000 198.395 272.245 61.840 $192,805 $152,071 4 130 800 2,500 700 $ 3,930 $ 803 11*904 $ 130 850 2,761 720 $ *,*61 $21,629 il*2P. $15.101 $37.582 $ i.ioo 6,780 16,406 .1*100 $29,386 $163,419 165.220 *=JUI= $ 1.191 17,122 22,285 5.22P $45,818 $197,889 142,892 $340,781 pNYC00cC66n ^11110.04 r,asKKfiisaBiis!!0asaiiei"^i*BisBsassffipja^iUBsaip*!rOTM3 nremmoin agLrnro urn gpiitiao ooitpurr mciuroat t o r d ib k t o b s ' mange - o c t o bk b 22, 1944 PfntiJP MK IfOOlg - BJLSITH? COPPER jpaCa Profit on Eofining Profit on Solos Coctro Shoot SoportBOnt Kioeolloaoono Inooao Xxpa Soiling bpoaooo Buying bponooo Strlko bposoo Lot* - poprooiotion Month of Soptembor 1?44 Month of ingaot 1344 lino Moo. ondod Sopt. >0. 1744 lino Koo. oadod Sopt, 30, 1945 (147.2(5 (.(50 (.474 i.ooo (1(1.383 (- (83 "- $ (83 (1(0,704 27f477 (131.223 (205.444 10,170 4.(25 -Jill* (223,357 (- 322 ( 722 (222,437 -?1.*75 (130.742 (800,158 40,745 18,530 19.787 (879,220 ( 2,000 3,717 - 235,740 (.24-1,453 ((37,7(1 1(8.711 (4(9,050 ( 837,(77 (4,(11 (.115 -iii?75 (908,148 ( 2,000 8.227 7,574 ( 17.825 (890,343 243,278 ((47,045 PNlrC00006872 N11110.05 mvavATiom s mb miv s u p b p iv iv o o o k pu t KBCBigPOt FOB DISECTORS' ItBTIVG - OCTDRKB 22. 1?46 es t imat ed bet nrcon - mi amas, cvc p ip e av d ib it v i m d b a ei*TM*. LUt RBFISISG ppignnapi Operating Income Depreciation let Income xnc oinnt p e p a b t o t t Sales of Sine Oxide Slab Sine Cost of Sales - Sine Oxide Slab Sine Operating Profiti Zinc Oxide Leesi Depreciation let Income znrc o x id e Pcenda Sold Salas Price Coat of Sales SLAB SDIC Pounds Sold Sales Price Cost of Sales SHITE LKJU) DP'lBTHgT Sales of Lead Products Cost of Sales Depreciation s et neon Pounds of Lead Products Sold Sales Price Cost of Sales Month of !2S!Z Month ef August 1946 Vise Kos. ended Sept. 30. 1946 Vise Mss. ended Sept. 30, m; $- $ 180,$40 17.188 $ 162,752 $ 62,099 23.357 $ 38.762 $- $$- $ 935,308 160,907 &WM1J 8 909,903 il.blo.sio $1,091,817 169.241 $17161.bsl $ 999,048 169.241 il.l6B.289 $- $ 25,405 9,114 $--TKWl $ 92,769 12.981 $ Wlfll 12,718,350 12.807,95 - 7.55# 8.52# 7.14# 7.84# $$- 1.880,926 .55< 8.55# 1.992,754 8.49# 8.49# $81,612 62.451 tU.izl 1,880 811.3*1 900.826 9.07# 6.93# i 868,070 797.398 "75TS72 16,017 $ 54,655 9.901,992 8.76# 8.05# $ 530,858 562.919 $ 32,081 1.2,584 $ 44.665 5.981.897 8.87# 9.45# pt*YC0000687 3 ^nu06 ih t b b h a t ic h a l siBiffUQ a id b o t ih ib o c q h p ah t KMCRABDOK ?(B DIBBCT0B3' K38HH0 - OCTOB Eg 22. 19*6 HOT CtBBHTT AHD Olgffi ASSETS - SPTMBE 30, W( CQBBOTT ASSOTS: Supplies Ratals: In Process Finished: Lead Copper SHrer Gold By-Products 14,7*3,823 IDs. o 6.451* 20,419,427 IDs. O 9.409* 2,417,373 oss. O 49.633* 17,837.846 ost. O $34.39 $ 833,981 $ 954,350 1,921,288 1,199,817 613,394 18.322 2.429.-347 Hoserre for Freight and Befitting Charges Hanufactored Products: Baritan Copper lories - Electro Sheet Department Accounts Receivable: Tolls Others Inter-Company - Anaconda Sales Company Cash ' CPBBBST LIABILITIES: Taxes Accounts Payable Wages Payable HOT CtregHTT ASSETS OTBEE ASSOTS Installment house end land sales and other accounts receivable, lest reserve BA1AHCB - HOT C0BBB1T HTP OTHSB ASSOTS 678.299 4,028,872 l*____Lii 1.645 $1,440,872 263,768 831.262 2,535,902 584,980 $10,414,927 $ 430,176 1.857.473 144,154 2.431.803 $ 7,983,124 6.300 67.989.424 PNYcoccc6e N1U107 mggrmoiAi. s x k l t ih g a h d r e f is ib o o o k p a b t n,meannex f o b snaowai mrm - o o t o mb i?*6 me. DBiimna tiro p b o d p c t io e - a l l d k p u mv b t m mn PEorocTiosi Copper - Lb*. - Tooele, Custom Toll Custom Toll Lead. - Lbs. Tooela seal? c o p p e b h k d t x d a t p x b ih h o o t Custom Fabrication Toll EXFIfflCar PBDDCJCTIOI Copper - St o s s Laaa - loll Sorap Lead - Lba.i At Sait Chloago At Omaha Silrer - Oss. Gold - o*e. SALKS i Copper - Lfce* Tooele Miami Baritan teed - Jjtoa. DKLITSHIKSi Copper - Lbe. Tooele Miami Baritan Lead - Lbs. sac OXIDE l Production - Lbe. Deliveries - Lbs. SLAB ZIHC ProSuction - Lbs. Deliveries - Lbs. Month of September i?*6 Vine Xos. Vine Met. Per Cent ended sept. ended Sept. Inorease 30. 1746 30, 1745 Becre&se 36.530 410, *30 202,227 . 10,273.335 W.WMJ A,*78.737 825,564 4,224,70? 5.371,02? 6,823,328 2,876,335 7,618,746 75.164.374 102,471.202 h7b8',7r97i I.1m23 44,677,284 28,547,03? 2.087.766 2.087.766 615,870 728,136 7.145.725 11,876,72? 8.761,975 .li.S65.O65 5.033,637 2.087.766 - 6.604.863 TT6^i863 1,085,818 8,30? 275.8*0,775 276,707,242 7.145.725 11,876^929 266.694.87o 46i 8JOVJIT 37,507,510 51.787,575 18.054.583 Sl.5U.093 31,887,575 4,107.57? 28,213 6.883,732 51,111 * - 4,002,562 342,842 104,462 600 7,704 51.324,756 4,872,450 2,375,000 306,677 f,5l*!l27 52.887,222 13.8 56.3 23.8 .7 ' 10.7 40.3 51.2 94.1 2.9 _ * - 4,422,182 1,051,51a . - 451,608 4?4,424 55.315 ra 43,066,100 5,364,52? 2,377,346 306.677 8.068.352 37.367,632 87.3 15.3 10,042,800 13,191,770 13.767.868 12,807,950 23.9 7.5 *45,000 1.880,726 -2,124,294 1,772,73* 55-5 5.6 PNTCOC006815 N11110-08 FOR APPROPRIATIONS (see Apprqpriation Pile) N11110.09