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CHICAGO FIRE BRICK COMPANY Accountants1 Report
Financial Statements - September 30, 1968
PEAT, MARWICK, MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
Chicago Fire Brick
Annual Reports and 000006
Peat. Marwick, Mitchell & Co.
CERTIFIED PUBLIC ACCOUNTANTS 1U WEST MONROE STREET
CHICAGO, ILLINOIS 6O603
The Board of Directors Chicago Fire Brick Company:
We have examined the balance sheet of Chicago Fire Brick Company as of September 30, 1968 and the related statements of earnings and retained earn ings for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
In our opinion, the accompanying balance sheet and statements of earnings and retained earnings present fairly the financial position of Chicago Fire Brick Company at September 30, 1968 and the results of its operations for the year then ended, in conformity with generally accepted accounting princi ples applied on a basis consistent with that of the preceding year.
November 21, 1968
Chicago Fire Brick Annual Reports and
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Chicago Fire Brick
Annual Reports and
AAAAMS
CHICAGO FIRE BRICK COMPANyX
Statement of Retained Earnings
Year ended September 30, 1968 with comparative figures for 1967
Balance at beginning of year Net earnings for year
Less cash dividends paid - $8.00 a share in 1968; $6.00 a share in 1967
Balance at end of year
1968 $ 2,802,264
J.96f x
2,628,535
336,224
228,941
3,138,488 2,857,476
73,616
55,212
$ 3,064,872 2,802,264
See note to balance sheet.
Chicago Fire Brick
Annual Reports and
.Annnm