Document Kv5r7wXRNxpY57Jz49Y81Qr

pletae not*--, end return tttiched corresoonaence. We hrve coo" of our letter here. .....Oerter February 25, 10"4 Mr* A. Janssen, Deputy Admlaistretor, National Rooosory Administration, Washington, D. C. Dear Mr. Jctuunt - I appreciate your sending ne the Harry L. Dey correspondenee. I Ammg*- Mr. Day's eoaswnta are directed to.i*d market prices for shite lead in oil boeeose that is the product with which the gsnertl pmhlie is apt to associate national Laad &o. hr. Day states that price policies ht.ve destroyed the market 1 for approximately 50JK of tha pig lead production. The most serious loss suffered by the pig lead producerb has been the diminished use ef pig lead for ct hie covering. A fee years ago this oeo tha meat im portant source of demand for pig lead. Today it has dmisdled to negligible proportions. Fig lead meed for the production of shite lead is also of im portance, but the demand for load for producing shite lead has beam maintained easy such better. For example. Whereas in 19*9 approximately m of the pig lead production vas used for making White lead, in 1952 2S% one so used. The figures for 1935 sill shoe a soneohat better par ts a matter of feet, the proportion of pig lead need for the production ef shite lead and lead oxides has held op nth better them the proportion required for other purposes, sash as load cable#, plomMsg supplies, eta. Without going into sn extended wsgsmiut, I night point out that if c m pornhsscs Load itl oil at full list pries m today's market and pay# the fill retail price for the 11named nil anil drier required to aka a gallan af purs laad In ail paint, ready far use, the enat mould epgwnxSufete $tJJ a gsllea. If put add IS# a gallau for tha east of *lnli, *lh is felly tatsu What X acuslisr the average east te be, you hens a tatal scat ef ffpHhl predoet ef $2.45 per gellcu. Ihia predmet eeupetee oith the produet of tho aimed point asou- feutnewr, * sails paint warty for use. On today's market, the pries ef SUWh paints osUl w fee* $5.80 to $4*01 a gotten. X a* spooklag af tho goads of simod paints ohieh are iswgurehl s to load in oil in ML 000040368 2-Valter Janssen -- quality, You an bey a nixed paint for half this price but It Kill be of very Inferior grade and represents the type of product sold as a cheap paint without representations of nwK wains. If the eost of lead in oil to the iiuaranei1 were-maintained at e a price considerably abowre the price askad far batter grades of nixed paints, there night be sane basis for a rtitnnt that the high pries as retarding oooaaaptioa, shlah in tom nsnld seen e lessened nse for pig lead. Sin fasts are Vast lead in ell, raprsaaed in teams ef onaat par gnllon of paint, ready for use, la always on a basin which escaperes fSworehly with the cost of reedy nixed points ef atnllar qwality and nessssarilgr aunt ba so, beaanes oonpetition betwean tha two prednotn is always knaa. Through the period of depression, it has boon nor experience that the teenage of white load has hold up better teen the tonnage of other products sndn froa pig land, %Lts load is sold an a sard pries basis white changes infrequently. The either protects raftered to are Tytat entirely said an the dey*s carrsnt price for pig load, going up sr dona with tha pig lead nerket, 1 nention this teesusa s naze eh less stable price an telte lead aeons to hews little or an effect upon the volnee sold. This nay be due in pert to its paralleling the basis upon telte narteaadlas of stellar teamster, nixed patet in thin instance, is also said, Zt has bean cur observation the prioa of telte load, white varies aver a period of years, has a negligible offset span tha volune said, Bnt as painted out above, it la always an a basis white fate naanaaaTily aenpara la price with that of ccapieting naterials. ~f We painfully aanscloua of tha aarions doellno la the productlon and sola of load in oil. A anabar of theories have been de veloped In aagOanaticn ef this deeHne, bnt one thing white dees seen to have bona tharwnghly dananctmtad is that ytiee it of the loast laportsnne fhnria era other reaacna white Z Hl not attwnpt to go latte at this tins, white offer a ante rare logical explanation. Agate thanking yen fbr your nenrtasy rad with ay kind regards, lours vary truly. NL 000040369