RADE NAME: ATEGORY: OLQRi EMBER: .UALITY: ARMSTRONG WHITE LEAD EXTERIOR WHITE PASTE WHITE 684 FIRST LBS.

TRADE NAME CATEGORY: COLOR: NUMBER: QUALITY: Delta .

Washington, D.

FRIDAY, NOVEMBER 27, 1992 ST.LOUIS POST-DISPATCH COMMENTARY 3E The Epidemic That Isn't By Jeffrey L.

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Saint Joseph Lead Company Annual Report -- 1917 America's Corporate Foundation; 1917; ProQuest Historical Annual Reports Pg- 1 Simon Borg & Co.

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DR 2801254 Fluor $ in thousands except per share amounts m 1989 m 1988 m Percent Improvement Fiscal Year Revenues Net earnings Net earnings per share Return on average shareholders' equity Capital expenditures New awards Cash dividends per common share $6,277,607 108,484 $ 1-35 16.5% $ 139,174 7,135,300 $ .14 $5,132,457 56,395 $ .71 10.0% $ 86,259 5,955,200 $ .02 22 92 90 61 20 600 At Year End Working capital Bond portfolio Total assets Backlog Capitalization Long-term debt Shareholders' equity $ 238,720 151,640 2,154,313 8,360,900 62,477 720,363 $ 214,904 154,777 2,075,732 6,658,600 94,961 601,747 11 (2) 4 26 34 20 Total capitalization $ 782,840 $ 6f)6,yo8 Percent of total capitalization Long-term debt Shareholders' equity Closing stock price Shareholders' equity per common share Permanent employees 8.0 92.0 $ 283/4 $ 9.03 ------2-0-,-0--5-9m 13.6 $ 19% $ 7.61 17,876 m--.-- cb 00 Dividends were resumed in the fourth quarter of 1988.

FROM MINE TO KEG This White Lead is manufactured by one company!

BAD DEBTS CEABQZP OPT - PERIOD SHWaCTO 1ST. 1935 TO TOT 319T. 1936, rTCLPSITK: ANACONDA LEAD PRODUCTS COMPACT?

International Smelting and Refining Company East Chicago.

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'REPRODUCED at the national ARCHIVES- FORMULAE OF SPECIFIED PAINTS AND VARNISHES Produced by Three Manufacturers in Chicago, January 1941 - June 1942 ].'

'reproducecTat'the natTonal archives MAHUrtACTUfltASOrTMC HIGH LINE AND INOIAN BRAND PAINTS AND VARNISHES Fit hmuo n knnfit 1 ruinlUjBfo MAKERS F '*** Painls and Varnishes J08BERS IN Wall Paper,Glass and Painters Supplies Pljel3L.O, Coi.o. <*15 {FLORMAN'S {BRICK AND STUCCO PAINT WHITE {No. 3^3 1"PIGMENT-------------- 52 Tltanox B Zinc Oxide Lead Sulphate Asbestine Lbs 540 S7 4S 100 Yield-Gallons 15. 1.S5 , -97 4. 21 Unit Price .06 .07s OS .02 VEHICLE-------------4S Spar Varnish Mineral Spirits Yield ISO 24o 126 1321 24. 32.

MAKERS O P Paints andVarnishes JOBBERS IN Wall Paper.Glass and Painters Supplies Pmsni^o, Colo.