Document e1xwDyoLGqqgO6Rk6O1jyQpGM

i-iinute* Page -1 Q.-1,'ERAL K337IM0 - AS33ST0S Ti-XTILE IN3TITUT3 October It, 1966 - Hotel Ilerahey, Hershey,?a* Tn American Asnasroa tsctils corp. J.w. Weber J.L. Rainey G.S. Fab el H.H. Welter J.W. Chrletenbury Wa. Maaskant OARLOCK IMC. G.~E.~ Houghton S.G. Dixit ASBESTOS CORPORATION LIMITED ii.P. Carson P.E. Leelero O.F.A. Brink BELL ASJ2ST0J MINES LIMITED Wrn.J.W. Smith R.J. Dodds-Hebron CASSIAR ASBESTOS CORP..LTD. J7S. Berry JOHNS-UAUVILLE CORP. E.H. Uells R.M. Dillinge W.P. Raines E.A. Schuman C.L. Sheekler E.M. Fenner I.Barnett W.C. Seeds W.C. Streib N.W. Hendry (Con.J.il.Co.) H.K. PORTCT CO.'fPAJTY.IIIC. L.lf.-bloody J.D. HeCluer D.S. Childers O.J. Harris J.W. Soherd RAYEESTOS-HAilHATTAN. INC. J.A. Brown*Jr. M.4. Sooweroft J.W. Hawkins L.C. Williams R.B. Smith J.P. Wronski J.A. Bettes,Jr.(Retired) ' A.R. Patterson QUESTS LAKE ASBESTOS OF QUEBEC LTD. eTa. Farrell C.E. Stiefken TURNER & NEl/ALL LTD. bT Lincoln CAI> ALADER . WICKER SHAM l: TAFT l^7/ay Flocken (vegal Counsel) U.S.PUBLIC HEALTH SERVICE DtTl/J. Cralley tT.IIROYAL.INC. n.Y." Clark R.C. Hunt D.T. Austin,Jr. U.M. Willingham E.A. liorris Dr.J.O. Uells ASBESTOS TEXTILE INSTITUTE II.B. Sunbury (SecretaryT Hiss Edith E Cox (Quest-of-Uonor) Asbestos liag'ne Hr. A.S. ilataaoroa (Quest Speaker) ilr.D.R. Hollies, Aston-11111 iifg.Co. lir.C.J. Stover, Asbestos liagozino In addition, approx uaately twenty-four wives of nembera were present at Social Hours and at the luncheon on Friday noon, Oetobor Uth. (continued) Minutes - General hooting - continued: Pag, -2- 1* President Rainey called tho mooting to order at 900 A.ii. and t, welcomed mombers and guests to our twenty-fourth Annual heeting. Referring to the well attended "Asbestos Health Seminar" held on tho afternoon of October 2nu, 1968, Hr. Rainoy enprossed apprecia tion on bohalf of the Institute to its Chairman, fir. C.L, Sheekler of Johns-, ianvillo Corporation, for the fine program. The Agenda for the Seminar is attached to these minutes. 2. The minutes of the last meeting were presented for reading. It was moved by J.A. Brown,Jr. that reading be omitted. His notion was seconded by J.w. Chriatenbury, and so voted. 3. The Financial Report was presentod by 12.a. Schumsn. On motion made by R.?. Clark, seconded by J.A. Crown,Jr., it was voted to aceept tho report, and samo is attached to those minutes. Hr. Rainey reported that tho Annual Audit of the Institute's books had beon nmde by hr. James b. Smith, accountant employed by our member company, GARbOCIC IHC., and that he had a letter from Wr.Smlt dated September 23,1968 stating that the roport of Soptcmber 10,196 distributed to members at this meeting, did represent the financial position of the Institute on that date. U.. Mr. ?.Jay Flocken, Legal Counsel, discussed several topics of Interest in the anti-trust and trade regulation fields. The possi bility of a new development in the cost justification defense to alleged price discrimination under tho Robinson- Patman Act, pre sented in an appeal by National Dairy Products Corp. in the new term of the U.5. Supreme Court, was analyzed. National Dairy is seeking to Justify higher discounts to certain chain stores than the discounts granted to smaller competing storos on the ground that the differentials made only due allowance for the differences in the cost of sale or delivery to tho chain stores. National's cost justification is based on the total distribution cost to each unit store of a chain, divided by the total dollar purchase of products by all units of the ohain, with the cost result stated as coat of servicing the purchaser per dollar of purchases. Both the Federal Trade Corsnisslon and an appellato court rejected this defense, holding that chain discounts must be cost Justified as if ea^h store unit were a separate purchaser. Counsel also discussed a complaint by the FTC against the acqui sition by Allied Chemical Corp. of a joint venture company making seat-belts. Briefly reviewing"the merger guidelines issued by the Government antitrusters, discussed by Counsel at a previous mooting Mr.Flocken analyzed the charges in tho FTC complaint that Allied, one of three yam suppliers for seat-bolt webbing, violated Sec.7 of the Clayton Act by acquiring Jim Robbins Seat *>olt Ca-noony and that the acquisition may lessen eompotition in the mnnufacturo mid tale of seat-belts to automobilo manufacturers, of wo'obing tc acra- L belt manufacturers, and of yarn to wobbors, and that Alliod's pos ition in the manufaeturo and sale of yarn to wobbers may be incrua* Counsel also briefly assesaed the poasiblo impact of the pro.'"; luentiel election on onforcoment of the anti-trust laws and fMorel (continued) Minutes - General Meeting - continued: Pago -3- regulatory statutes. With eareful qualification, Counsel ventured to prodiot that the eloction of either of the major party candidates would not fundamentally altir tho nature or sub3tanco of foderal regulation of business practices* Exporienco undor the Eisenhower Administration suggests that antitrust enforcement would bo at least as significant in another Republican administration as it has been under the succeeding Democratic administration* Howovor, Hr. Flooken suggested that new legislative action on the "conglom- orate" problem was more likely under a Democratic administration* 5* The Plbre Producer's Report was given by Mr. H.P.Carson, Vico President - Sales, AS3EST03 CORPORATION LIMITED, Thetford iiines,?.Q* and hie interesting and informative report is attached* 6. Queat-of-Honor, Miss Edith E. Cox, retired editor of ASBESTOS Magazine, was introduced by Mr, J*A. Bettes,Jr., a former president of the Institute* Mr. Bettos paid fitting tributo to Miss Cox for her serviee to the asbestos industry for-a;period of more than fifty years* President Rainey presented Hiss Cox with a memento of the occasion, and there was a standing ovation in her honor* Miss Cox rosponded most graciously, and said she appreciated very muoh the opportunity to attend the meeting* 7* President Rainey lntrouueed Dr* A.G* Matamoros, Chief Economist of Armstrong Cork Company, A nationally recognized economist. Dr. Matemoros spoke on the subject? "Business Prospects and Problems in the Year Ahead"* His talk was extremely interacting, and vn.j foll owed by many questions from his audience. President Rainey thanked Dr* Matamoros on behalf of the members* 8* The cooalttee reports wore given by the respective chairmen: Air Hygiene & Hfg* Cowaittee - H.H. Waltor. Chairman Sales Promotion Cossnittee - M.Q. Seowcroft, Chairman Technical Comltteo - J*W* Hawkins, Chairman. Piber Testing Committee - G.F.A. Brink, Chairman The full text of their reports is attached to these nlnutos. 9* President llainey, following the report of the Air Hygiene & rifg. Coamiitteo, stated that the Board of Governors had voted unanimous approval of that committee's recommendation in respect to adoption of 'wet-weaving' of asbestos fabrics, and had passed the following Resolution: - "The Board of Governors of the Asbestos Textile Inst itute, recognizing that every effort-to control -environmental dust problems should be encouraged wherever feasible and acting on the advioe of the Air Hygiene & Mfg. Committee, reconsnends that all member companies of the institute consider adoption of the 'wetweaving' process with all deliberate apeed*" 10* President Rainey announced that the Goard of Governors had voted unanimously to sot up a new committee tentatively titled "a&vlronmental Control Committoe", and asked tir. C.l. Shoclcler, Manager of Oeoupati^al :*mrironmental Control,-Jchns-tanville,Corp., to ooauent on its purpose, ur. Sheckler wontionod that the new committee, as presently onvisagod, would roleaso news on Hoalth Problems, handle liaison between eompanles on mutual problems, and also handle liaison with other groups*like Xnoulation Mfgro. Aoooc., (oontlnund) Minutes - General Meeting - continues!: Page -U- as part of the activities of tho new consult tee, arid folt that it would render a very important servico to o.ir industry, 11, President Rainey announced that representatives of the mombor conpanies now serving on the hoard of Governors would continue without change, and also, that the members of the Doard had elected new officers to serve for the coming year, namely: President - E.A. 3chuman, Johns-iianville Corp. Vice President - R.P. Clark, Uniroyal,Ine. Treasurer - M.Q, Seowcroft, Raybestos^lanhatttanInc. 12, Itr. Rainey announced that the next uoeting of the A.T.I, would be held at the (MAUD HOTEL, Point Clear, Ala, (near liobile) and the dates are February 6-7, 1969, This is a very famous hostelry, and those who have attended meetings of other associations there are sure that AT.Z, members and their wives will greatly enjoy their visit to the GRAND HOTEL.t 13* The meeting recessed for luncheon, during which "Jack" Rainey, retiring president was presented with an Atmos clock in apprec iation of his outstanding leadership of the Institute during the past two years. Mr. Rainey than'ced the members for the gift and for their cooperation during his tenure as presldont, and received a fine hand and standing ovation following his roaarks. 11W After the luncheon the meeting adjourned. Respectfully submitted, / i ASB33*;0./ TIWTiU lilUfirJXS Assort of Funds _8ftpfnbp XO, 1068 gftAingy _Bn4_at_last Export (Hay 6, 1966) Oansral Fund Bavin** Fund huy Oub Fund * 3456.8L 20692.66 35-23 5olirind Fuad (Xntsrsst to 6/30/66) To Oansral tad (Book Balaa) 252.28 26,00 Bargsav. fatal On Band and Raaalvad Cal riuImp (3 noa andiac 5/33/66) Baeratary'a Balary U* nos,) F.I.C.A. fax (2nd dtr I960) Saaratary's fravtl Offlat Rant (4 nos,) - ---- Frtntlar 6 Offlaa Buppllas A.T.xTKaatln* Qcpanas (Ana 5*7*1966) falaphaoa (4 nosT) 9 Parisian of A6TM BFaalfiaatlana Furshaa# of Xaportad Aabastas Clatb(fast) Fatty Caab(9auahars 360*372 Inal,) 500,00 478.00 33.00 210,00 300.00 37.60 720.45 152.23 110*30 13546 62.02 total Dlaburitnants Balaaaa On Band BapWabar 10, 1966 Funds BSmtiI Fund (Bank Btatanaat 9/10/66) 71*3.6; Bavlata Fund 20944.9 Fatty Oaab Fund 37.* total Funds Ait ,, at l.tn>w 10. 1,68 Oansral Fund flavin** Fund Fatty Oash tad Aaata Raaatvabl* (dock Balsa) Fostads an Hand Furnliur* 4 Bqulpnant (Uanlnal talus) Total Assats 743.8t 2094,9b 37.96 16,03 2,63 1,00 4W.eu.73 201,06 *2446$.61 -> 2739,06 $21726.75 $21726.75 $2171*8.61 Sapt. 10, I960 Vat Barth 100.00 $2l6aS.6l Rsspsotfully aubnlttad# H tA' R,S. flunbury Asst. Traaaurar ASBESTOS FIoRE REPORT Page -1- OetoEer 4* 1^63 By: Hr* K. P. Carson, Vico President-Salts ASBESTOS CORPORATION LIMITED# Thetford Mines,P.Q.,Can. n You might bo Interested to have an outline of 1967 production figures for chrysotile aabeatoa fibre from major producing countries \ U.S.S.R. Canada Rhodesia U.S.A. Italy South Africa Cyprus Swaziland 1,750,000 tons i,5oo#ooo n 200,000 130,000 n 100,000 ft 40,000 n 22,000 tt 40,000 n Canada continuea to bo the major exporter of chrysotile in apite of Ruaaia'a poaition aa the largeat producer. Incidentally# it la 9 doubtful that Russia la exporting spinning fibre in any quantity and Russian exports of asbeatoa cement grades have remained relative ly stable over the past seven years at 250,000 to 280,000 tons per annum, with about 150,000 tons shipped to the free world. Reports indicate that Rhodesian fibre is all being sold, although the auirket pattern has ehanged significantly slnoe V.D.I. Of interest to A.T.I. member# is the fact that spinning fibre shipments from Quebec production were running about 172 ahead of 1967 at the end of August, and I believe this will continue through tbs balance of 1968 and possibly be higher at the elose of the year. The tl.S* market had not been a significant factor in this increase. Improved economic oonditions in Western Europe, Japan, and greater activities in `some of the Socialist countries of Europe have con tributed to the increase in spinning fibre shipments. Zt has been reported that Cassiar production has bean reduood to 75,000 tons per annum and Clinton Crook la approaching full production. Hleolot has announced that its joins will be closed at tho expiration of its labour eontraet on February 28,1969. (oontinued on Page -2-) ASBESTOS FI3TtS R2P0M' ;nc r t?e-J Page -2- Paolflo Asbestos in California is reoortedly taok to a 6-day week, 3 shifts par day, for an annual production rate of l;$,000 ton*. Report* contlnua to appaar concerning nav properties in Quebec, namely Albitibi and MeAdam, but there la auoh uncertainty concerning the future of these Prospects. Western European economic recovery in 1966 has brought increased markets for all grades of fibre from Quebec* Although France was a serious question mark a few months ago, it is believed that the asbestos consuming industries in France will consume almost as mueh fibre as in 1967* The textile manufacturers seem to be less uncer tain at present time than they'were a~few months`ago. - Japan's improved eoonomlc conditions have meant increased consumption and the auoh rumoured expectation.of a reduced rate of growth in the seeond half of 1966 has not materialised. The outlook for the remainder of 1968 looks favourable for all grades of fibre. The textile markets in Europe and Japan aopear to be doing well and the expectation that the upward trend will con tinue is a good possibility. The domestic market does not oonvey as op:imiatio signs for 3-Oroup fibre. Pr5.ee increases have beon announced by n mother of producers with 5 the increase for textile fibres eflectiv* January 1, 1969. Cassiar has announced prioe increases avor&glng 6. " Kiss SITE S. CCQC Quest of Honor Sm Asbestos Textile Institute end its aanbers ere proud indeed to have the privilege of paying tribute to Hiss Sdith S, Cox, recently retired Editor and Publisher of the magaxlne ASBESTOS. At a dinner in Philadelphia on Kerch "26, i960, honoring Kiss Cox upon the occasion of her retlreoent* ahe was notified of her selection as the recipient of the twelfth casting of the Asbestos Story Ring. As is well known* this synbolie Ring is awarded only to those who have made far-reaching and special contributions to the Asbestos Industry over an appreciable nsssber of years* and is considered the greateat honor the Asbestos Mining Industry esn bestow on the recipient.1 The faot that Klee Ocx it the first lady to be so honored it a tribute to her long and devoted service to the Industry throughout the world. 1 Hiss Coot was born In Baltimore* Hd., and attanded Public Schools and the Western Sigh School in that' elty. . Sad planned to be a school teaeher* but shortly after aoving to Philadelphia in 1917 the entered the Asbestos Industry as Secrstary to Hr. C.J. Stover* founder of the magazine ASBESTOS. Five yeare later* in 1922* she joined Kiss Anna S Rosslter in the partnership known as Secretarial Servloe* publishers of ASBESTOS. Served as Circulation Manager and iatsr as aoting Editor until the death of Kiss Rosslter in 195k* Was Editor frott 195k until hsr retirement in March I960. la completing ever 50 years of servloe in the Asbestos Industry Kiss Cox ean take justifiable pride in the faet that hsr con tributions to the Industry ovsr these many years have been of inestimable value. Through tbs neditss of the aagatine* oeanunieatione among those engaged in the mining* Billing* and processing of asbestos fibre into finished produets* have been tremendously improved on a world-wide basis. Kiss Cose is an active somber of the Philadelphia Advertising Club* and at present a member of its Board. As to hsr future plans* Kiss Cos will servo ASBESTOS magazine as a Consultant* and also has ambitions to do considerable traveling. Asbestoe ?e.:l#\e Institute General Nesting October k 1966 Botsl Berahey* Bersbey, Pa.