Document 7noGKLvE4G30MvZj44RZO91V

0000-N LI-000018506 N ational Lead G Cl 00 a uu a a M h < od O a. at Ovz Ct o 6znd A N N U A L REPORT J J THE p a in te u "3 3 73U G & -* <U jf fi rz 3 ^ CO > VC J- e> Bi -Q 1 i 3 LU r-^ > OH Cs *-- *j c O g* U e rt --i *3 3 - c 2 .2 J5 5 c 50 IE "* C3 sw "3 ^ O3* -U 2 '-ta* G 3 <- J4 -- S) " 73 ^ J-=- --Hc j 8~ U oj v r-- "C3 Hw 0000-NLI-000018507 TABLE OF CONTENTS E x e c u tiv e O ffices: 111 BRO ADW AY, N E W YORK 6 , N . Y. General Counsel: A LE X A N D E R & GREEN, 1 2 0 BROADW AY, N E W YO RK 5, N. Y Stock Transfer Agent: T H E CHASE N A T IO N A L B A N K , 11 BROAD ST., N E W YORK 15, Registrar of Stock: BANKERS TRUST CO., 14 W A L L ST., N E W YO RK 5, N. Y a. rj X < S s o cuu. 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O a. .n 0000-NLI-0000185U m p le i[io n 1he Company s growth is dearly manliest in the plant in vestment account, which has doubled in the past ten years. Gross property account was $203,511,823 at December 31, 1953, an increase of $41,970,857 over the preceding year, representing largely the Doehler-Jarvis acquisition. 6<u > i Cd P 2 a --cdH CL ^,, -- CL to <L -c * 3 .2 i w cd I >> u a. | 33 s wc ^ wO V35 CL S' -3 O '"3 G c - e g CO "O `55 .2 o ^ L -- ~a 15 .2 "3 O -C .. C CL c c _o 'c/l -C `> H Qd o L/ G 2 CL CL Cd L >* L* L ^ -i Ot-. "<O2 CL C , cd 3 S a Q <u LO -C C G I-s > Oo = I> < . c ^% P ^ "3 s G cC L ^ I -f ttj >-S 2 o C --- ^ i cd JO - ' O_ V 15 5 3 a o ~z rt a 5 cd CL S "O 2 CL CL cd on so - ?S G -2 -44 CL *5 Ji -2 " u JZ so _c QJ -Gw yi a 'o t/5 JZ w ^c u CJ E t- ,^ Ul 3 G 22 cCO//5i CL iJ 'IS E C/5 >. -G Oh 2 <L CL . >. ' VJ 1 2 -G w W Pi '-i-i o u C 0 d 0 5 CV/5 '-M u o C/5 cG G cd *5? '-M 3SO 0 .a L4 `u cd * u .0 w U u ^ w G zcd u u 0J L> "G u G e c mL U 5 L0 U 1) 2 o E sG u 0L G> u o 2 G cud> SO G c 0 *^S -2, 5*3 .$ S ?s ^ ORa o' 5 a. ** * Si'S- TSS 1 3 u P S 3 u X X -5S ux c- d ^ <N lT\ 52 "O irs 2 CN O C '`T C ^ rag> <U i--ii <V vxf U0hr>i .Sd"j u <N G\ uo ^ a gcd *- j z v~\ a On ' cd <L u . . ^ <L X <U u ^ ^ cd CL : o 'S o (N SJ '-`-t rri cd <N r- SO vi -S oo" so 3 TN ^ s^ u <N o - -a GN C SO (N cd to <cd x ScO t2i GN J5 o aj 23 so S w -C H \. U C Cd SL H Z w S h C/5 U4 > Z ;-- Z < -i a. 0000-NLI-000018512 Som e progress was m ade w ith respect to the litig a te d m atters d e ta ile d in e a rlie r reports. T h e C o m p a n y successfully d e fe n d e d , a n d th e p la in tiff appealed one o f th e three suits a g a in st th e id an out o p re cia tio n fo r the ten m o n th s ended D ecem ber 31, 1953. A cce l erated a m o rtiz a tio n u n d e r ce rtifica te s o f necessity w as n o t a s ig n ific a n t fa c to r in the C o m p a n y's d e p re cia tio n charges in th e past year. _c e -o JG u o & H3 3 Q M-4 o -3 <U CD 0 d '3c/j gCl. S D ccol e (9 60 d -a cl V3 S3 ucl "O uCO -- JG -3 cl dH 2 -G 3 'V S H ' G ^c .2 `> S2*S "&e3 s C/3 -2 v CCl .2, fl -2C/3 "cdn Go *Cs/3 U "3 `uo cl CQ 'a3- -2S X) c 0 wo cl u. _3 O D JG 2 O CL. <U & "3 O 60 G cl 3 G G JG < un O ir\ G CN Guo V -C -G -a<u c c -c . -J a^ -GCg3' .5_?> ~^<wC33 s5 3 Sh sCS ~^5- ^u c "o' ^ S21 S. ci C *^3 s 5 ^? CCio 5 Is -2 "s* D s <Si 3J 3 -a a, -* a m o U c> .2 .23 uT rt S .6 S. Vu Q 1) >3 </j -G <u Q eg g1 OJ JG 3S wO ^3 d V v J<Su a 0> "3 3G a Gcl 2^ X iD H? G t/3* D W cl E . >> *K .3* 3 1 ^ Sas q j *s . w -C .2 H -S O G uH o ii Ui u. K c V -o G CT\ 2 CCi G <D G .O *w cl N Cl CD '> u* o s o' XT (N Du \r\ Q C/3 cl oo' \rs co U-l TJ CN co cl C cl so" ON JD G ir\ 2 Oo * w V3 8 VG Q "a O it cUli D CO <U JG cl C D CD JuG o O <N .2 *C W3 tG t/-\ G\ Zj cl O G O C/3 3 ?Zj o CO D cl JG <U "o G u. o Cu.O d JG D > o D JG <D sG 2 '55 Cl C cl .5 D '> oD Vh V JG GD C Si V G 0000-NLI-000018513 io n o f cember 1953, the N ational Lead Company Foundation, Inc., was organized under the laws o f the State of New Y ork, w ith an in itia l contribution in the form of cash, property and in vestment assets in the approximate value of $1,500,000. 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X H 3 3 S CL _D w zn O'UUI w CL C/D G 0000-NLI-000018517 tCQJ o CJ JG CJ JG cj -Q E o CJ 'CU _c o u -S 0 S2 w <L> >> CJ -C Si O3 ' >> oS VI > E CJ IE O VUIi CJ o c o 3C ofMo CJ CO JG ^ 1 -3 o2 Oh v i Jj cj 2 2 "a JG u O > UCJi a o CJ c3 3 f5a Cj-* JoG :3 to * C3 .s --n c3 ~s >C3s C/3 u> s s-fca e IHw cl 2 Uo u cuj o &o -* o O > > vi g> "E ' a -C UCJi G & s z-C 5 u c u1 CJ > Cj 0 rn T-| t/-', Ui ON 03 Ui u rt ^2 Cj >> V) CJ ,3 O _0 Ui O vVii Cj c cj -d c3 CJ JG a o tj Uc-3i Vi Vi M-h O CJ U 3 VOi Vi O NO to ON (N O VI i3) CuJ CJ G 2 c O u CJ JwZ 5u c<N G c3 a- l/N ON 6 Q U c<N Oh rt C o Ui JJ U JG CJ CJ .c O HQ (N /N CN Ui CJ E u* Uoi 0 CJ "O JuG G CJ CJ CJ 6 j UGi o CJ CJ Ui `5 j>> Cl E JS JG Urti IS rT3 " js Uui W1 tc V'N ON Ui "E a CJ CJ G o CUJi s "*G C3 V) IE 3 CJ H G C j uC < CQ rn <N a cc O u O o s H -o a D O S o o 2 jw: U w -o fOi 3 CJ VN O c3 CN >- Cu Ga CJ *G0 O c 0U| O VI e CJ Ui o G NN 0000-NLI-000018518 za <3 cu a u= n A QI <= ^3 JI HZ <% Z c n C\ ' -? UN m. N-r r-~j NO X -3* m m un CN nj u n r*us s-p Xrn urns r-7 NO rs" UN 00 Cn CN cn C\ 00^ us nj --< NO r^ UN CN xr" X rn on UN rn --* *+ + 3 n 0^ r^ rG pC NO nj m m, ` CN 1-- UN UN r^. X. rG CN X r*- " UN UN X -MT TT X CN X NO UN CN X nj O <n NO r-7 n o " 0" NO rG Cn CN X nj r-^ ~<y . CN ><T TT n o " rH NO r- x un -- Cs mOs rr- -n CN CN X Isrn n UCNN CnN UN UN CN I/S i r-7 o' mx NO A I rn CM ^ x" cn X CN CN r*'- <n " 0 r^" NO NO P cn cn *"* t* N0^ tG r-7 cn cn m V " CN UN UN Nf CN |G CN CvnN " us CN NXP NT UXN X CN CN CN CN _ rn ^ r*r ^ " x" " Cr^NNCpN X X X Cr-N Np" n j T " r-^" CN =Q ** ~<s X Ui 3A 2 a VJ u a < x wUU -- 'C t j -a aj C rt "O "2o-3 "-S3 <j "P T5 2S = Oj 1A u - -- CL, _Q -3.7 - Uc2 38 ^ c is a <uudu. ^o w 2" 5 c u .2 33. 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Cn X O r-" " X r" nf X UN r^- _ UN Xr- TP x_ _ X CN_ Mp" UN wS (N Cs CN r* <n X " Tr CN UrnN ,-T UN rn CN V *--" Tp" r- r- rn UN CN UN " UN O" CN CN UN X CN us cn X CN CN * H Mp rn rn CN *-- C4 fN " CN rn NP CN cn" -- CN Tp" CN CN Lm >^ 52 .s o gZ o3 w _ NO .t ^ u-\ i- x | '- w r^v < Sui VI. ^X u ^cn jy c n Cn dj" ^ 3c>3 Z**L *U5 <U2N dj CN _0 7L .5 ^ (/ > CN ~X CN o^ r- CN W+ rn m di Cn NO JO c>a <u \j v o Z G u > G <N u*s CN cs un TdJj c*. -v V) " '3 be S..S CN cn <T ' CN TO m W U~S CN T3 G .. uj O l-l s-^ rt CN dJ m CN NO -<*-D< U "3 s iT M ^ >X X -9 U-S u u mt .2 M d> u -- .2 s 2 I J = a. 73 d CL, 0000-NLI-000018519 T h e accom panying n o u s to fin a n cia l sta th m n ts - \J ,n te g r a l parts / these statements. <r\ 2 8. 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Oh Oh fs \3 ^ X^ ^ *-> CL( Qa.. -M a. a <n "s0o scos gu u 32 c = >o o c u. ou G QC ir\ ou T a * O Q. B -LaI u(U SQ N 0000-NLI-000018520 co 2 '3-5 e.& -B 6 g "2S sr b *Tr3t O- *_5e Ou 0 -p _ j 1 i's.H s - s ou1.3 3 Hi " .e . S _ C 4> "5 - .2 XJ crCt E]j J 3>x fIM e z < z U l-s "3 G " o .> a sc rG c3 5 E 3 2 w4 U </* s ^ s*- *5 <~Z o'!.: J X z 2 a ~B c * S g^- S c g |- a x. H Z i i Ea SO -C3fl XX!" 64> .5 -3 Mi -34> 4a>,x,, ~ u oso"2 2E 3 ys "> x CO 2 S 1 3 .. ui1 X3 s s o o H z o s aa *n ^ o OS 3 >- < X oi i EU G3 Uc 52 ^ 3 a r JS *y rA . 2o H< --- ' Z rC\ G<D crt C* ->** 1:11 JS i3 ^ 41 'T3 ~ __ Cs w 3 tf -- -2 c t 4t . U J3 8i S J!-15 Ji u a 6 -d o-c tj -Gd ~Qc ~<cd* 1e"? 's Eo ^z-C_ sN-- S-C&c .-*2Si a0s1 Z O s 2 0 2 , ; J5 5 * so*2' " : * -o S o V' C c~ XM -2 -3 a 5 ;: c n ag Ji E J 7) Ifl X u 5JJ 2C 2A,"g2G ^ fl C JMJi : 2-s c* O S* aa S;f||| inZ Z a. 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O a a cgsS 3 Q a S ao^m . so o U 11=2 aaU (Nh CO rirrs <xrs O OO g' tt--N rr, r^cs .40 ^4> og . so 5 82=5 Su.a =0 0u* 0- 3T* n 2- s . yi >. -3 ^ 4) ^ *3 *3 J2 X C 52 = g c So 2 O U 3 rfs > oG ^> c3 *<n 5 m X 6 CrXs-l scr<o^ zs s!!-* u"8c Ofl 4> . 3 %?Xv 5a 3 ~ uS 118i T. *j ej 5 SuO*q3 PU23 %c"* VMa XU Xo X3-XS 2 II is i"s> u 1--: 1c0- "4srto wxMw ^_"rs JJ S4S "xi 5a_Joi ScO 4U25C aK^2u, *-q4331 -3O2c,, -:il s 2`3'C xc g 4 U C 3 4 t. ,g 4"> uw li'El ji:-I *-Gy2) -.2C ^aw3,5Jca{ 1c 2<_/ 0000-NLI-000018521 2 5 ,3 2 6 ,1 0 9 2 3 ,0 6 0 ,0 5 4 2 .0 6 2 ,1 8 1 ,1 6 1 1 4 ,7 2 9 ,6 4 4 1 8 ,7 3 0 .6 9 9 1 7 ,6 2 8 ,5 3 1 2 9 ,5 5 1 ,2 3 7 5 6 ,9 6 0 ,0 2 7 1 2 2 ,8 7 0 ,4 9 4 6 9 ,1 0 3 ,0 8 0 1 6 1 ,5 4 0 ,9 6 6 8 5 ,5 9 6 ,6 1 7 Inventories fo r 1944 are shown net of norm al stock reserves.t <S (M <> ou*> co CO _ o CO -o" ^n -SSS*` . 91? " fr - ? . m m a A oo" '*T 1 00 A a 1 ** a a 1 -<r Ov 1 CN 00 A * 1 -- O'. a Cs| a CN NT A ** a1--1 1 NO <r a' a CN A NO no' 00 A CO* -r oA CN a fA o NO CN NO A fA CN A CN A aA A NO ao <r a CN CN a A CN . CN X NO A aT <r *r NO* A a fA CN CN cn' CN <r NO CN NO* CN o CN <r i-- V l-b *o CO A NO NO oA a ! X. A A -TM AJ -r -- <r A A CN 'T NO_ V fA A A4 fA CN O CN A TP CN Va fA CN a 'O o' o o* I**. < CN CN O >o 00 o NT rr 1 A* NO A_ fA A CN NT PA NT NT CN A| A A* CN CN CN O A X. A fA fA CN NO ; o1 X 'o ! CN A CN -J, o_ n o ; CN ! -T X* o ON ^T 4T A CN X CN O fA A X A CN <r NO o A o A CN ! A CN A A fA < A fA NO* A NT AJ* CN CN fA A fA NO ' NO A. A| 1 NO A n o ; o A. <r <T Oi X A NT A CN A A- *<T : CNJ *<T X "i, A * < NT o CN X oo | A' fA . CN : CN A o NT A! i O1 CN 1 A fA A- A X NT NT O A fA ! NT CN A X* NO' A A A1 CN CN i fA -T fA A A fA ' NO ! 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