Document NeGGXzmp7MV8RK2j5w6m0b4qE

o ` ' LEAD INDUSTRIES ASSOCIATION, INC. 291 MADISON AVKNUC NIW YORK 17, N. Y. SUBJECT TO REVISION ACTJAL HECTraO 0? Tig MEMBERS OP THS LEAD DTO3TRIES ASSOCIATION, ISC. St. Louis, Missouri April 10-11, 1962 The annual meeting of tbs members of tbs Lead Industries Association, Inc. vas held on Tuesday and Wednesday, April 10-11, 1962 at the Chase-Park Plara Hotel, St. Louis, Missouri. Members Present Representing Max Adler Clarence K. Conard Vincent E. Dorman John J. Lennon Charles Bagler Jean Vuilleque* K. B. Brownell J. C. Duck J. S. Smart, Jr. Since D. Strauss Chas. V. Ambler R. K. Carpenter C. H. Cotterlll Paul E. Gibbons Geo. L. Spencer, Jr. Carl A. Underhill, Jr R. A. Young R. 0. Erickson P. H. Burless Roland J. Lapee Frank P. Barton Julian S. Bers R. J. Hopkins H. W. Halton John A. Rathjen Sidney Z. 8veet Valter G. Hlscock Reel S. Kirby A. Y. Betbune M. Z. Elmore V. 0. Bevitt Geo. A. Larson C. Z. Schwab I. L. Barker David A. Bancel Ivor Thccpeoo Allied Sbeltlng Corp. American Metal Climax, Inc. do do do do American Smelting A Refining Co. do do do American Zinc, Lead A Smelting Co. do do do do do do The Anaconda Company do do The 0. A. Avrll Co. Bers A Co., Inc. Broken Hill Associated Shelters Pty., Ltd. (C. Tennant, Sons A Co. of H.Y., Agents) . do do !Consolidated Zinc Corp. Ltd.) Electrolytic Zinc Co. of Australasia Ltd.) The Bunker Hill Co. do do do do Cerro Corporation do ' do LIA212A8 < '* o Q Q Annual Meeting Minutes Lott E. Taylor E. H. Gautechl R. Hendrick* A. V. M&rcolin A. D. Turnbull A. 0. Wolff Wray D. Fannin C. B. Anderson E. A. Black John Buskirk A- A. Hama R. Kruger S. F. Miller H. 0. Riggs Cecil Bassett W. D. Atteberry D. R. Carter E. J. Ritchie J. B. Wade Miles M. Roller J. W. Brodhacker 1C. W. Green M. McMullan, Jr. John R. Smyth E. R. Anderson J. A. Costello Robert D. Bradford Aubrey M. Cal11s R. A. Gardiner, Jr. R. A. Gardiner, III W. P. Wilke, III H. E. Harper J. V. Hurph J. Jennings Bmett A. Tomey William J. Welch Henry Whitson V. J. Brazier Wo. A. Oakey Malcolm Bonynge Francis Cameron R. F. Dc-c11log John R. Eriglehom Andrew Fletcher C. D. Henderson Charles R. Ince R. E. Jordan Carleton C. Long Donald K. Lourie Joseph A. Relslng Joseph G. Sevick J. W. Sherman John 0. Wehn -2- April 10-11, 1962 Ccmpanla Minera Asarco, 3.A. Consolidated Mining & Or.elting Co. of Canada, Ltd. do do do do Day Mines, Inc. Delco Reny Dlv., General Motors Corp. do do do do do do Dixie Lead Co. The Eagle-Picher Co. do do do do The Electric Storage Battery Co. do do do Ethyl Corp. do Federated Metals Div.,American Saeltlng & Refining Oo do Gardiner XSetal Company do Hamond Lead Products, Inc. Becla Mining Co. Murdock Lead Co. (Southern Lead Co.) Rational Lead Ccnpany do do do Olin iiathlecon Chemical Corp. do St. Joseph Lead Co. do do do do do do do do do do do do Ao ' ! LIAZ12^q . Annual Meeting Minute* 3- - April 10-U, 1962 Jack C. Pierce Maurice Rey Benton Boyd J. George Gang* D. J. Bert* F. L. Warner Howard Bovaeel Reuben Vleoer B. F. McKinney Robert H. Qaenell C. R. Willard Shattuck Denn Mining Corp. Societe Miniere et Metallurglqu* da Penarroya United States Smelting Refining and Mining Co. do do do Victory White Metal Co. Hyman Vlcner & Son* Western Lead Products Co. do Willard Lead Product* Co. Represented by Proxy Alpha Metals, Inc. Dickson Weatherproof Hail Co. lead Products Company, Inc. Martin Marietta Corporation (Metals Disintegrating Dir.) Metalead Products Corp. Hevaoct Mining Corp. Phelps Dodge Corp. Revere Copper and Brass, Inc. Sunshine Mining Co. Guest* Sholchiro Abe Edvard 0. Abel Robert Barrett Richard J. Bauer Philip R. Blanc Etra Blount John Boeder Frank 0. Breyer Katthev Broderick Hr. Colart C. H. Deane Tom Dempsey T. L. Diamond Varady Elemer E. L. Frank Gerald Frank* D. B. Fraser Homan A. Freytag Jake Fuegletn Arthur J. Gerval* Levis S. Ooodfriend Paul Outeman Paul V. Higgins V. D. Hook Jacques Jerusalem F. R. Jeffrey Henry E. Jensen Kenneth Jones Bill Ketr Miaul Mining fc Smelting Co., Ltd. Minnesota Mining & Manufacturing Co. Metalworking Bevs Henning Bros. & Smith, Inc. Indussa Corporation Products Finishing Business Week Fluor-Slngmaster & Breyer, Inc. Allied Chemical Corp., Solway Process Division Cie des Metaux d'Overpelt - Locnel et de Corphalie Primary Metal & Mineral Corp. Metalworking Bevs T. L. Diamond & Co., Inc. Instltuto Italiano PiembO Zinco Philipp Bros. Philipp Bros. Dept, of Mines & Technical Survey* Budd Co. Globe-Deaocrat Notional Zinc Co., Inc. Levis S. Ooodfriend & Associate* Metal Traders, Inc. 0. S. Tyson & Co., Inc. V. R. Grace li Co. Cie Royal* Asturienne de* Mine* Rational Zinc Company, Inc. C & C Batteries Dlv., Electric Autollt* Precision Metal Molding St. Louis Post-Dispatch > - ? * r l | o Annual Meeting Minute* -V- Aprll 10-11, 19& T. J. Kiernan A. H. Larsen Frederick 0. Lauer R. 0. Mason C. K. Morehous* John Mothervay Oustav Mueller J. R, O'Connell R. C. Parker R. R. Parlour Fraud* J. Felly John C. Russell A. A. Bcharf A. W. Schlechten Janes V. Stafford Joe A. Stone R. L. Stubbs Mortimer J. Sullivan Yolchi Takit* Jim Tanner David Veit V. C. Wansbrough Erlan Wilson Clark L. Wilson R. V. Wolf J. Zlnaerman John ?. Abemethy Co. University of Missouri Bankers Trust Co. Globe-Union, Inc. Globe Union, Inc. General Cable Corp. Gould-Saticnal Batteries, Inc. Engineering h Mining Journal CocEonvealth Litharge and Red Lead Pty Ltd, Canadian Embassy British Embassy Fluor-Singnaster & Breyer, Inc. Philipp Bros. University of Missouri American Metal Market Division Lead Co. Lead & Zinc Development Assns. Rational Line Co., Inc. Mitsui Mining & Smelting Co., Ltd. The Wall Street Journal Precision Metal Molding Canadian Metal Mining Assn. Steel Magazine Emergency Lead Zinc Coras. University of Missouri Miles Metal Corp. Government Representative* Harlan P. Bramble H. M. Callaway Robert W. Geehan W. W. Bopton H. G. Iverson H. Kenworthy Joseph C. McCaskill Fred Ketzeband J. A. Rowland Donald Sham Richard H. Spencer Paul Zlnner Dept, of State Dept, of Interior U. S. Bureau of Mine* Dept, of Interior U. S. Bureau of Mine* U. S. Bureau of Mine* Dept, of Interior U. S. Bureau of Mine* U. S. Bureau of Mine* Dept, of Camaerce U. S. Bureau of Mine* U. S. Bureau of Mine* Lead Industries Association Staff Robert L. Ziegfeld, Executive Vice President David M. Borein* Bruce rader Don Fowler Edwin J. Martin Jerry Smith Robert Travis - wygvmp.ni!nsvpmpjs n*sv*Bi**si.jMnuuju l* q jjj mss- .1iv . i i . h u i ,i 11HMKIII r1 1 *  ;*>' *!-**' A.2^5 1 Annual Meeting Minute* 5- * April 10-11, 1$62 Expanded Research Program--LIA-AZI Staff A. R. Cook 8. S. Eck Louie Kettler 3. f. Radtke The minutes of the prevlou* meeting of May 2-3, 19^1 were circulated to member* after that meeting and no change* or correction* vere received. The president welcomed the participant* at the meeting and made the following remark*: Welcome to the 8th annual Joint e*ioa of the American Zinc Institute and Lead Industrie* Association. It 1* also the 44th annual meeting of American Zinc Institute and the 34th annual meeting of the Lead Industrie* Association. The purpose of these Associations and their Expanded Research Pro gram is to promote present and new uses for lead and rinc. The acccrpllsinaent of this task has become more complex, more challenging, and, of course, more expensive. But our competitor* - substitute material* - are ever more and more aggressive and spend more and more money. I am confident that the lead and rinc Industrie* in their cooperative programs to increase the consumption of the two metal* are doing thl* part of their marketing Job more effectively and far, far cheaper than some of their competitor* vho employ solely the individual company, rather than the Industry, approach to their many marketing problems. The two broad disciplines in running any business seem to me to be to produce as efficiently and cheaply as possible, with due regard to the balancing of production with sales, and to market the production as effectively as possible, having always In mind competitive factor* within the industry and the Interplay of alternative materials. If these two broad disciplines are properly observed there should be a fair return on the capital employed in the business. In the first discipline, the lead and rinc industry has been only partially successful. It has done well its mining, milling and metal lurgical beneflclatlon where costs have been kept at a minimus by efficient processes and research. It has developed a good product But in the balancing of production to consumption the industry ha* done poorly. For example, in the Free World, over the five year period 1957 to 1961, about 750,000 tons of lead and 55,000 tons of tine were produced in excess of consumption. This was about 5^ of the total pro duction. Some of this excess went to the U.3. Government stockpile and it may fervently be hoped that it will stay there. But too much of it vent into stocks in the hands of producers which are depressing lead and rinc prices. At last reckoning these stocks vere about 450,000 tons of lead and 33,000 tons of rinc. These are total stocks In the hands of producers. How much of these stocks are excessive Is not published. >p 1. : PS".'-' ; 1 1">w spwss-A y &&&? ' - :%kl"*stt>; 4 L I A 212 5 2 Annual Meeting Minute# 6- - April 10-11, 1962 But excess stocks are substantial and therefore the cear-tem outlook I for better prices Is not bright. The International Leal end Zinc Study Croup has had ft masher of meetings to grapple vith this problem. This Group has had, I think, good success In improving the statistics available, although much yet remains to be done on this score, but has not yet been able to accomplish the real remedy vhlch, In ny opinion, can only be curtailment of Etna and smelter production to a rata permitting fairly quick disposal of the excess stocks and thereafter production In line vith demand. Long ago tba copper industry reallie! that the health of Its industry depended on avoiding overproduction. During the period 1957 to 19^1 pro duction and consumption of copper in the Free World vere in balance. This vts brought about partly by voluntary curtailments of production by the largest and most efficient producers even though less efficient and scalier producers operated at capacity. I believe that this policy of individual copper producers has rewarded then by relatively stable and fair copper prices. They avoided depleting their nines at unxemuncratire prices. But in lead and line the thinking appears to be different - at least In scoe quarters. It has been published in the press that certain pro ducers here and abroad Intend to maintain capacity production or to increase production because or despite of the depressed prices. This nay be an effective corrective to the excessive stocks and to overpro duction but it Is certainly the most painful to producers and their stockholders and the period of adjustment vill be long. Such a policy in this day and age could easily result in complete government control of production, distribution and prices. In the second broad discipline the lead and tine industry has come a long vay. It established its Expanded Research Program in 1953 and it has increased its activity and effectiveness in the other areas of Barketing. Consumption of the two netals in the Utlted States has been disappointing. Over the period 1957 to 19&1 lead has shown a decline where as zinc has Just about naintalned its position. But outside of the lilted States there have been good Increases, not comparable perhaps with other materials like alumlnisn, or copper, but nevertheless a picture of solid, though not spectacular, growth. The lack of growth in the United States Is not limited to lead and zinc; it applies also to copper, steel and other materials and manufactured products. But on a Free World basis the consumption of lead and zinc has been increasing and I believe that a share of the credit for these in creases or for retaining some of the markets vhlch might otherwise have been lost, belongs to ERP, LIA, AZI, and the many development associations in foreign countries. . The current consumption figures are good. The business outlook abroad, while not as dynamic In Europe and Japan as in recent years, con tinues to promise Improvement in nearly all countries. The improvement iyw- .rtf 'tiriWfrKs. # ***. L I A ? 12 5 3 Annual Meeting Minute* -7* April 10-11, 1962 In the Utaited State* ha* been leu* than spectacular tut appear* to be olid, though gradual. If vc can maintain our general economic picture' at a eteady rata of grovth, 1J&? should be a good consumption year for both metal*. REPORT 0? NCKOUTIJiO COSMITTE2 FOR DIRECTORS Mr. Ivor Thocpson, chairman of the nominating Cocaittee for th* Board of Directors, reported for his Ccczclttee, composed, in addition to himself, of Messrs. Fran* Barton, C. E. Bassett and Jack C. Pierce, and placed in nomination the following date: Julian Bers R. D. Bradford D. R. Carter J. A. Costello V. H. B. Cranaer '.Troy Fnrpin K. V. Green 7. H. Buries* C. R. Ince J. A. Martino C. 0. Rice C. E. Schwab S. D. Strauss Jean Vulllequet V. P. Wilke, HI Bers & Company, Inc. Federated Metal* Division, American ftoelting and Refining Company The Eagle-Picher Company Ethyl Corporation Bev Park Mining Company Day Mines, Inc. The Electric Storage Battery Company Anaconda Sales Company St. Joseph Lead Company Rational Lead Company U. 8. Smelting Refining and Mining Company The Bunker Hill Company American Steelting and Refining Company American Metal Climax, Inc. Esmond Lead Products, Inc. There being no further nominations, the slate was unanimously elected. REPORT OF THE SECRETARY-TREASURER The secretary-treasurer reported to the membership on the 1961 activities and plans for VjiZ. His report for 1961 was circulated to members on March 26, 1962 and the staff report presented at the meeting 1* avail able on request. REPORT OP THE RESEARCH DIRECTOR The research director and his staff and acme of the research con tractor* reported on the progress of the various research project*. . ADDRESSES AT MEEH3Q The following talk* were delivered at the annual meeting: Lead and Zinc--A fertile Field for Promotion......... R. L. Stubb*, DirectorGeneral, Lead Development Assn., and Zinc Development Asan-, London Seme Process and Assembly Innovations In the Lead-acid Battery......... Dr. C. K. Morehouse, vice president. Globe Battery Dlv., Globe Union, Inc. unjust mPtewsn i'1 ..... .. b w w m1 >w. L I ? Z 1 ?. 5 4 * J * Annual Meeting Minute* -S- April 10-11, 1962 Lead Paint Pigment*, Kev and Old..........D. R. Carter, vice pre*., Chemical* and Metal* Dlv., The Eagle-PIcber Co. Possibilities for Lead Cable Sheathing..........Charles L. Wiley, director of advertising and publicity. General Cable Corp. Architectural Lead Work..... .Walter Beretta, director of monument*, Hev York City Dept, of Parks Canlnco Uses Its Ovn Product*..........E. H. Gautachl, manager, sales development division, lbs Consolidated Mining and Smelting Company of Canada Ltd. A Rev Electric Automobile......Barry H. Stuart, president, Stuart Motor*, Inc. Lead Chromate Traffic Paint..........Hattbev Broderick, Solvay Proces* Mr., Allied Chemical Corp. Anti-vibration Pads......... Trancl* Kiernan, treasurer, John P. Abernethy fc Co. LIA 1962 Model--A Staff Report..........Robert L. Ziegfeld, executive vice president, LIA and Staff Thermoelectric Power frcm Lead--What's Practical? What's Possible?.......... Edward 0. Abel, Tech. Service, Thermoelectric 0 Product*, Minnesota Mining & Mfg. Co. Hev Sealed "Maintenance-free" Batteries..........John R. &syth, asst, director, engineering dept.. Electric Storage Battery Co. AJCTOUHCEMEOT OP ELECTOR OF OFFICERS The election of the folloving officers for the ensuing year at the meeting of the Board of Directors on April 10 vaa announced: Mr. C. R. Ince, President and Chairman of the Board Mr. J. S. Smart, Jr., Vice President Mr. C. E. Schwab, Vice President Mr. W. P. Wilke HI, Vice President RLZttnk Secretary Copie* expected *000 from author. 0 I ' ` - ; uw'y.-ew!i*w.|e tF-ww-- *--wmwuimMMt-1 .* it ;w) i - --.