Document XwzVK9y6EDvo9r3LDYXOopBG

In t e r n a t io n a l Sme l t in g a n d Re f in in g Co mp a n y East Chicago, Indiana Pigment Division Nr. It. B, Dvyer, Bxeeutlve Ylee President. Anaconda Copper Mining Company, 25 Broadway, Bee York 4, B. Y. ibA July 31. 194% Beer Mr. Dwyeri This Is a sumuary of tbe sales position of sine oxide and white lead for the month of June, 1944. Table Bo. 1 gives a comparison of sine oxide sales for May and Jane of 1944 and the corresponding months of 1943. Mn wn i ig 12& June May 1,764,500 Lbs. 1,995,150 Lbs. 1,013,450 Lbs. 719,450 Lbs. Bales for June are down approximately 200,000 pounds. During this month our sales to CVB were 200,000 pounds less than In May. This Indicates that our sales to regular sustoners were about equal for IMay and June. Sales through June, 1944 asnunted to 8,256,068 pounds. For the same period last year they amounted to 4,868,550 pounds. For the month of July they will be in the neighborhood of 1,700,000 pounds. Of this amount 800,000 pounds will be for CVB, Indicating that our sales to regular oustoswrs In July will be about the same as for Nay and June. Yesterday I was given some confidential Information by the Chicago PieCMMment Office of CVB. Apparently CVS Is purchasing much more sine agfai than, they are using. Consequently, because CVB Is paying us a premlun ef 2-1/4A per pound over the price for American process sine oxide, we may find ourselves out off after August unless tbe over-all pleture changes. CVB may suspend all buying of sine oxide far a 30-dsy period. The reason they hesitate to do this now even though they are stock piling sine oxide is because It would put VPB In an eAarrasalng position Inasmuch as stocks of sine oxide In the United States would Increase by about 7,000 tons during a 30-day period and at the same time VPB has very tight restrictions on tbe use of lead-free sine oxide. Despite all this, the arsenals have Indicated that they rate omr product PNTC00001591 Mr. 1. B. Boyer -2 July 31, 194* highly ud It is possible that vs asy stay in the nomine <* s tuaility basis. Zn tho ooaatins vs are secured of 800,000 pounds for August. Table Bo. 2 gives a breakdown according to paint, robber, and miscellaneous Industries. TABLE BO. 2 Paint lubber Miscellaneous cm 1944 Pounds JBBB slue 1943 Pounds slue 506,000 295,600 161,900 801.000 37,973-33 28,133.51 16,368.26 76.095.00 426,950 340,500 246,000 31,985.34 32,882.50 22,646.68 1,764,500 Pounds 158,570.10 1 ,013,450 1944 IS 7lna Pounds 8 87,514.52 ,, 1943 slue Paint 340,250 Rubber 344,200 Miscellaneous 310,700 cm 1.000.000 *5,329.39 33,983.50 31,563.76 95.000.00 266,950 241,100 211,400 8 20,075.31 23,588.75 21,042.00 - 1,995,150 8 185,876.65 719,450 8 64,706.06 galea to tbs paint industry vers op considerably la June, mils our sales of oar regular grades of American process sine azide to the paint iadsstry vers down in jane, ve marketed about 250,000 pounds of a special leaded sine oxide that ve made from intermediate products aeounulatod at Bast Chisago and on which grade ve can make a slight profit. Salas to mlsoellaaeeua industries were down substantially due to tbs that that 1m the month of May ve received some special orders from esneemm ilka ttssstan* Tire and Bwbber Company for premium grades of aims earths nmds fren high grads metal. The sales in this classifica tion for the month of Arne are nor# nearly nenml than thee# for May. Table Bo. 3 gives s breakdown of sine sxldo sales for June according ta tha three claaaIflootions. V.S.F. Quality Beal Other lead Tree and Loaded 97,400 Lbe. 19,200 lbs. 1.6*T.|S00 1,764,500 lbs. PH1C00001592 fe. 1. 1. 9*7*7 3 July 31, 19%% Table lo. % gives th* average prle* per pound for th* past thrss mouths. TABLI 10. % Jtmo 12** *T April Average tales Price - Per Pound 8,987# 9.516# 9.062# Th* deoreee* In the price per pound for June Is due mainly to tvo things. One Is tbot In June wu sold less of the V.8.P. quality sine oxide node from hlgh-gred* metal and th* other la that th* apeolal 5# leaded, of uhleh the sales amounted to approximately 250,000 pounds, has an average market prle* of about 7-1/8# per pound. Table lo. 5 gives a caaparlson of vhlte lead sales for Nay and June of 19*4 and th* eerrespendlng Booths of 19%3. TAM n- a June Nay 12** 1,02%,153 I*o. 563,005 Lbs. 12*2 l,l%l,l8o Lbs. 869,%7* Lba. tales for June ver* almost double these far Nay. V* did not receive any speolal orders that would aoeount for this lnereas*. It may be a question of timing, but on th* other hand, it dees appear as though th* sal* of dry shit* lead and lead-In-oil Is moderately on th* up grade. tales for 19%% through June amount to 5,1T9T8% pounds. For th* same period la 19%3 they ver* %,759,667 pends. For JOly they will be about 1,500,000 pounds Vhleh is s substantial lnereas* ever June end about 2-1/2 times th* sales for tay. There haa been no particular change In th* over-ell pleture *s regards tbs paint and eeramle Industries. As Indiested previously, it dose appear as though aulas of dry white lead and lead-in-ell are Inclined t* lnereas* moderately, they were particularly encouraging during the maatth of July. The over-all picture far leed-ln-oll dess aet leek at all good. Too night he Interested In knowing that th* Load Industries Association started their promotional eampeljpi daring th* year 1939. Balow I am giving th* sales of lead-in-oll for th* preceding year and the subsequent four years. Indications are that lead-in-ell eel** for 19%% will not he over those for 19%3 and might be under. 19%3 19%2 19%1 19%0 1939 1938 38,8%5 %7,910 61,11% 53,765 71,9%* 7%,885 To ms n n PHYC00001593 Mr. 1. K. Buyer -4- July 31, 1944 Tuble lo. 6 gives the average prlee per pound tor dry white lead for the past three nonths. TAhT.g BQ. 6 1944 Average Sales Prlee - Per Pound Jane 8.3931 SEX 8.408# 4prU 8.489# P.X .Murless tho oei Mr. Frederick Lalst-^ Mr. 0. X. Johnson ary truly yours. PNYC0000159*