Document jnz27g1QMpzzrz9DqBmneneN

E xecutive Offices: 111 Broadway, N e w Y ork 6, N .Y H O ed W p4 h-l < O z < rGW rir\ Oo r--H 'r"-oH g ?U Q ~'S *** ttj sS nd <L> d Oh sG oO i-H M U Cs CC 30 05 A 2 tt* uU4 d QUJ H < 95 0 a, 95 0 U z 0000-NLI-000018359 C\ s\ w a < cn m 3 2 ws * % a, 5 o m <0 H Z -4 -* w Q *o* *4 m <a z W c* P4 W SC c H <*5* hi <N \D i .* "G s -o rO> -a u3 | TG3 a< o _2 g S. 6 o ^co<r^ to G X iO w yc uV - SG 0G0 ra- ^xcr\ c X 4> -Gso os Ga3> > `<u5 ^o rd *G<i-J 3 * c "<0u 3 2 *c "0 V ka r4 1U), fN cu rn .2P 3 0> 4oa2 i?c3 -a - S uOG G 1 c >C ~Go -aCj o a X 0 z z ctf < w (N o o U Ov O j aUc3>dt oc -3 Ua c per not CZ5 oG s os U 3 ">o Ukrt 0O>J 3 GCVu3O {5 -Gaj G ^o^ -- | ? *33 <OJr ^W5 *> G?Qd* 6o U h 23 ou- 06 < O 2*2 sJs ft -< ><H O s "J S< ^ h. rt S z Q"i ^ ^ww <2U QZ O* -*J <> S* , > O < ^ -i ! ^a: < q ou uX -<> sw a<; 21 < ^ rW* >- o s- H< 2 H U4 ft 0 a o4 < Z ow UJ H_i < w Q <, J !S) t g'SS S^H o z H ft < >s ta w ? >* X S2y z g * -T ow X 2, x "i V5 (0 < at oSuj > s - IXi sw < 2Q Q -J p . <5 rj < s. O Z H 82 ^S s -< Cu X a. u X z co/) pd w 2 2H >z << Q2 Pd w X at X tu UZ Pd Q Z -j w X a a z> X ft ed o< X >< ft an at < c Ui u X -o '8 ta >H ft P. a z` z << 2s an OO ft 02 Oo 22 --> XX a. a. M ,w 2 an =o O '-i a So U a 2 UJ S* UJ 0 <5 <43 uj CO 2 Bd oO X UJ HO z >^' _x z o >< z 5u > z $ i u cJ5 z -cal i> z 0 I CQ cJ5 z UJ UJ Bd o % BUdJ Q Z < X UJ >4 < V3 h 0000-NLI-000018360 15 u ' 0u0 -(M3 a, .S3 0> d U C ,o 4- fcQ G |{5 X C O 15 s UJ ttQ C i js U qj 5 5/1c 0 5U <X G 0 qu> qj <-> G O d quj 5^/5 4J L> U 3^ ba d C/5 <qjj G U D u G CV qj XJ -C q<--j a d G w > qj r- d > vr JG d CN V) JG 5V/5 5/5 o u ' G 404 dg 04 ' w to ^ . 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O TqJj wo JG ^,1 jd s -S JG JG qj 5rt o u-t r<N O^ qj ^T3 qj 0V _. ? u, y VoV4v5^ 2C 3o d ^ S3 G j: a a d CN u .S o v^r d l O 5/5 70UJ C3 JJG5 -o c id v*\ Tf qj G J2 q^ S /N ^ a d i/"\ 5/5 0 C^HJU 3^` *>33*1 '> ^ -3 y G w~\ (N d r~T r<N CUO ^ VTN G CM <N ^ * JsS -d .a2 S tj qj ^ ^G "33 4u/i 9> Ow 2Q 3 J82 "S XJ IM Q s al 5 Ilf> "d3 d(J *"* V XJ -C G 0/ *"* .c5 O J2G "0qj 4J w qj ~0 w '3 wu G .S Q 0u/ A, g 'S . cs JZ M V5- G-. quj 2w5 O 04 y i2 qj 3 ^ u o 8^ 3 c/5 5d i O C> `C 2rH c U u. gg U3. w "c0 r i 7" 4 r-i n*\ fN X O <T X o (N V ir\ vrf*r5\ r-. 1-- Cs O VO rr> r- s (N "3 iT\ - C* K A 3 "S, X o 2 *-* X 2 w X <! M iS ^4 x rCf*N5 CN pfN v-t* iT\ 0000-NLI-000018361 G p ric e T h is T A X E S --------- ----- ----------------------------------------------------------------------------------The total tax expense o f the Company for 1948 was $15,769,774, exceeding the all-tim e high o f $14,046,827 reached in 1947. 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Xu -G Jw Vi > G s o 5 H *- S to .5 3 g * < O J2 u X 3 a J4C-1 cs ^ 1--4 krf t- 2s 2 0 .5 r- gw wO PpG .2c cs '1^ \o so" XT' >3 ~3 X CL C\ qj cC qj K \T\ -S -^2 ^ -Q cS a 2 CL G CL cS qj u C 03 Ps -Q ^ 03 CS ~s IO to cl a Uw '3tso3 S qj o " 3V O P qj 3 2Ui *3 S q> to 3 O m O ;P X JC CS H cs L* -Q H co G 11 kM -3 > 03 .2 ^ a s. 32 k- _G 4i -C 03 xp L* q> *- (C ^ -S > w D 2.JJ M-l kri qj *"* a. -C su <5 S CL .52 P -P O 3 -P ^ -- C3 v4-i .5 <* o U_ a c^ s a 2 o q> &Q G 3 q> jc *^ O qj .(c3A ?cuTr ^ ctCSo? cS 52 J5C .is O okO 04 > -2 03 > cj qj -C L -3 li -G ^ 2 _C T3 , qj v> "3 > GG cs O > o .2 1O 01 * -e 4-* to .C3 3 JZi w -U3 CqjL "3 1 t0o} it ttoo q-j cs c o -2 S S w G 03 2 a,, "3 Q. O CL O u vi .a ^ Cu ~s ft -C ^ a o to a, o > u -s O 1 1 S g- qj * GC - SO rsj <oN V r- # 0000-NLI-000018364 tained w ith the p ro b le m and it is hoped th a t a cla rifica tio n o f the present picture w ill be possible in the not-too-distant future. T h ro u g h its new ly organized T ita n iu m A llo y M a n u fa ctu rin g D ivision, th e C o m pja n y is n o w o p e ra tin g a subsidiary u n it in A u s tra lia , w h ic h produces zirco n an r u tii e f o r use as ra w m a te ria ls in the D iv is io n 's p la n t a t N ia g a ra ^ has been an im p o rta n t fa cto r in this picture. O f equal significance has been the effect o f the rising cost o f labor, m aterials and other operating expenses A upon the am ounts invested in trade receivables and inventories, both o f w h ic h reflect d ire c tly the increased sales v o lu m e w h ic h has been achieved. 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Sp p & _> O i^ p p 60 G sL* . 0 Ui O 'x O4 "3 U, " 13 v P P "3 x ^pC P -4 ut p p u p 5* Cp rt-< (A G O - p p p P O ci co -O JZ P cO u Q. C3 P P 3 u 3 C/l BH u "cS p < cS X O 3 U] 2 u _p -3 "3 -3 "G ^3 CO P3 c3 ?3 P P <n p * O P3 a -4 -4 -4 U c/i J c --; -3 Cu c/l -3 C JZ h 60 "3 G n JZ Hi 5 WS -3 *3 i-4 J gs -l LEAD ALLOY PRODUCTS S0ider Bearing Metals Type Metals Electrotype Metal 0000-NLI-000018376 0000-NLI-000018377 C2 t4***0ver... Give*1 'W^e DtfHSi Boy" / BOYS OVUl / To make rooms smile brightly ... just w o s s o v e r lightly Once Over with WONSOVER ... and old walls disappear... under this velvety, flatteringly flat "decorator" paint! Once Over with WONSOVER... the up-tothe-minute one-coat interior finish that not only covers in one coat... but really washes clean, again and again! It's a real oil paint, scientifically blended by the "Dutch Boy s" master hand. Once Over with WONSOVER. Covers most surfaces in one coat--walls, woodwork, wallpaper. Goes on with creamy smooth ness. Leaves no unpleasant odor! All this and WASHABLE, too! Your beau tiful new room can be kept new-looking. Dirty fingerprints, disfiguring smudges, children's pencil marks can't sink in--so they wash right of with soap and water! Once Over with WONSOVER ... in soft. subtle shades . . . new deep tones . . . fresh tints... as well as white and offwhite. Once Over with WONSOVER and you II be won over to Wonsover! Get it from your "Dutch Boy" dealer. You'll find his name in your classified telephone book. Xatiouittead Company FREE COLOR FOLDER! Shows actual samples of the complete range of "Dutch Boy" Wonsov:r colors. For your copy, mail coupon to Dept. 49. care of nearest oftee listed below. MAIL COUPON TODAY!...................................... NATIONAL LEAD COMPANY, Dept. 49. Ne York 6; Buffalo 5: Chicago S, Cincinnati V Cleveland 1 A Pittsburgh 12. St. Louis I: San Francis.o 10; Boston 6 (Nat'onal Lead Co. of Mass ); Philadelphia (John T Lee.is \ Bros Co.!. Please send "WONSOVER ' Color Folder to Name ................... Address City ........................................ Zone State This advertisement scheduled for March issues of national magazines 0000-NLI-000018378 To keej? your Home Briqht Aly Taints Blended `Riqht... 1?eady-mixed, In Colors or White! Bright as the "Dutch Boy's" bright blue cap ... sparkling as the sun on his golden hair ... lasting as his cheery smile ... that's ''Dutch Boy." the Paint with the Happy Bl -ESDINC! Why is "Dutch Boy" Paint b l e n d e d ? Because different parts of a house call for different types offpaint. Anu Jrings you the right com bination of the right ingredients to do each job right... blended by the master haad of the "Dutch Boy" whose fame as a paint-maker is nation-wide. So choose... from White or Tints, Trim Colors, Porch & Deck Paint, or Primer ... the "Dutch Boy" Paint that's blended just right to KEEP your home bright! Look for your "Dutch Boy" Dealer's name in your classified telephone directory. Mail the coupon for free booklet. I. BRIGHT WHITE 2?/fr'7`"" to Clean Itinlf! --"Dutch Boy" Bright White is specially blended to be self-cleaning! The surface continually renews itself ... permits rain to wash away dirt. Sets a new standard for hiding! Gives a dazzlingwhite finish that stays white! 2. to Stay True! "DutSf Doy" rafts are beautifully crisp and fresh ... and they're expertly blended to assure lasting, uniform color! 3. TRIM COLORS to Stay Bitfht! "Dutch Boy" Sash & Trim Colors add the finishing touch to your home's protection. They're blended to hold their bright, gay gloss! Wonderful for garden furniture, too! .4 PORCH B DECK to Stand Waarl "Dutch Boy" Porch & Deck Paint is blended for extra toughness. It laughs at punishment from foot traffic and weather! Hi. X 5. PRIMER 7cMt,nSaal. Hlda and Hold! An undercoat of great sealing and hiding power, that holds fast. When used under a topcoat of "Dutch Boy" Bright White or Tints you get a superior two-coat job...wen on unpainted wood! National Lead Cbmpany FREE ColoT'Scbeme Booklet! Over 40 full-color illustrations show you how to style your home for Blended Beauty wtth the new "Dutch Boy" Paints. For your free copy, address Dept. 46. care of the near est office listed below. -MAIL COUPON TODAY! NATIONAL LEAD COMPANY, Dept. 46 (Address nearest office) New York 6; Buffalo 3; Chicago 8; Cincinnati 3; Cleveland 13; Pittsburgh 12; Sc Louis 1; San Francisco 10; Boston 6 (National Lead Co of Mass.); Philadelphia 25 (John T. Lewis 6l Bros. Co.). Please send me a free copy of your new color-illustrated booklet: "Blended'' Beauty For Your Home. Name Address City This advertisement scheduled for March and April issues of national magazines 0000-NLI-000018379