Business: Simplicity for Employes

Dec. 31, 1937

"Accounts receivable, less reserves for doubtful accounts, discounts, etc. of

$457,738.69 at Dec. 31, 1937 and

$632,729.27 at Dec. 31, 1936


"Inventories at lower of cost or market,

less $1,178,800.37 at Dec. 31, 1937

and $604,015.25 at Dec. 31, 1936 billed on uncompleted contracts


"Land, buildings, equipment and mineral properties, at cost (except for the inclusion of net revaluation increases by subsidiaries or their predecessors, prior to the organization of the present parent company, of $4,316,994.85 in mineral properties and $241,764.73 in other fixed assets) less reserves for depreciation, depletion and...

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