Document K3Y2akVQz8o7w6LqKbaXOzDN

International Smelting and Refining Company East Chicago. Indiana Pigment Division Mr. R. E. Dwyer, Executive Vice President, Anaconda Copper Mining Company, 25 Broadvay, Rev Torlc *, H. T. December 1, 19*5 Dear Mr. Dwyer: This Is a summary of the sales position of zinc oxide and white lead for the month of October, 19*5. Table Mo. 1 gives a comparison of zinc oxide sales for September and October of 19*5 end the corresponding months of 19**. TABLE MO. 1 12*5 19** October September 81*.850 Lbs. 728,200 Lbs. 1,127,350 Lbs. 1,721,900 Lbs. Sales for October were up fto* tbe low point for a number of years vhlch was reached in September. However, sales for October were less than the 1,000,000 pounds estimated In my last report. The principal reason our sales have not been higher 1s be cause most of our customers in the rubber Industry who purchase In carlota have not taken anything since August. Ve are somewhat puzzled by this but the reason given Is that they had large stocks of zinc oxide on band at the time their government contracts were terminated and they are struggling with the problem of reconversion. If a few of these customers would begin to purchase, a considerable Improvement would be reflected in our sales position. For Movember sales should be about 950,000 pounds. Total sales for 19*5 through October were 13,822,800 pounds. For the same period of 19** they were 1*,516,*83 pounds. Table Mo. 2 gives a breakdown according to paint, rubber, and miscellaneous Industries. PNVC00001530 N10215 Hr. It. X. Dvyer -2- Deceafoer 1, 1945 TABLE HO. 2 Paint Rubber Miscellaneous CVS Pounds OCTOBER 1945 Value Pounds 1944 Value 370,950 265,000 178,900 $ 27,369.02 19,300.00 14,044.39 376.650 550.650 200,050 $ 28,544.00 52,703.38 20,162.88 814,850 $ 60,713.41 1,127,350 $ 101,410.26 SEPTEMBER 1215 1944 Pounds Value Pounds Value Paint Rubber Miscellaneous CVS 484,100 78,100 166,250 250 $ 36,670.90 7,639.75 16,697.53 23.75 387,600 355.000 179,300 800.000 $ 29,261.60 33,815.00 18,129.62 76,000.00 728,200 $ 60,984.43 1,721,900 * 157,206.22 It will be noted that tone improvement In aalea to tbe rubber Industry occurred during the month of October. Vblle the aalea to the paint Industry show a deereaae in October, the falling off la accounted for by a deereaae in the sale of the Victory line of leaded zinc oxides since ve are not In position to produce these because of the health hazard involved and the stocks ve had at East Chicago and warehouses vere being liquidated during October. Table Ho. 3 gives a breakdown of zinc oxide sales for October according to tbe three classifications. TABLE HO. 3 0.8.P. Quality Saal Other Lead Tree and Leaded 55,200 32,950 726,700 814,850 There vas a falling off In the sale of O.S.P. zinc oxide In October. In Hovemher It vlll be up substantially. There Is going to be an Increased sale of the seal grades of zinc oxide because the manu facturers of enamels used on products such as refrigerators and washing machines are again In production. Table Ho. 4 gives the average sales price per pound for the past three months. r. B. X. Dwyer -3- Deeeaber 1, 1945 TABLX WO. 4 October September August Average Sales Price - Per Pound 7.451# 8.375# 8.944# The average aalea price per pound for October vaa In line with the estimate of 7*50# per pound Made In my laat report. The average price per pound should continue to fall vlthln a range of 7.35 to 7.50# per pound. Table Bo. 5 gives a comparison of white lead aalea for September and October of 1945 and the corresponding aonths of 1944. TABLE BO. 5 1945 1944 October September 878,833 Lbs. 1,033,121 Lba. 1,288,144 Lba. 1,504,151 Lba. Sales for October vere under those for Septeafber and also under the estimate of 1,000,000 pounds that had been made. This Is due more to tlalng than anything else Inasmuch aa ve vere completely out of five or six regular grades of dry white lead when VPB permitted a resumption of normal production an September 15th. As a consequence ve did not always have the particular grade the customer wanted and orders that vere placed with us for October shipment were held over into Bovember. Ve had the same experience the latter part of Bovember Inasmuch as scaae orders placed with us for Bovember shipment will not be made until December. Sales for Bovestber will be approximately 1,000,000 pounds. Sales for 1945 through October vere 6,732,475 pounds. Bor the same period of 1944 they vere 10,511,502 pounds. Table Bo. 6 gives the average sales price per pound for dry white lead for the past three months. TABLE BO. 6 October September August Average Sales Brice - Bor Bound 8.353# 8.376# 8.389# To sussmrlse, zinc oxide sales for October vere up from the low for several years that was reached In September. The upturn will ecatlmue through the month of Bovember. It Is difficult to determine what the outlook Is for December principally because of restrictions on buying due to taking Inventory at the end of that month. Considering the length of time acme of our carload buyers In the rubber Industry have been out of the market we expect a substantial Increase In those PHI000001^32 Hr. 1. X. Dryer December 1, 19*5 grades sold to the robber Industry In January If It doas not begin to Materialize In Decenber. The outlook for the sale of dry vhlte lead oontlnues to look favorable. As vas Indicated In September, for the fourth quarter ve expect to sell slightly under production. After the first of the year Manufacturers rill probably begin to Make up spring stock for dealers insofar as present restrictions vlll pernlt. Ve eeuld sell hundreds of tons of lead-in-oil If ve could get the oil and containers, the principal check being eontainere since the concern froa vhom ve pur chase our containers has been an strike since September 15th. Ve believe that next veek ve vlll be In position to purchase a lighter gauge pall used for packaging grease that vlll enable us to grind 200 tons of lead-ln-oll vhleh vlll help sosMVhat. ery truly yours. F.H.Iurlesssho co< Hr. Frederick Lalst ^ Hr. 0. X. Johnson