Document kmkr9QzNzpMQvMY0LNmw6y2MV

International Smelting and Refining Company East Chicago, Indiana Pigment Division March 29, 19*6 Nr. X. X. Dwyer, Executive Vie* President, Anaconda Copper Mining Ctsspany, 25 Broadway, lew Tork 4, X. T. Scar Nr. Dwyer: This la a lontry of th* sales position of sine oxide and white lead for th* month of February, 1946. Table lo. 1 gives a comparison of sine oxide sales for January and February, 1946 and th* corresponding nonths of 1945. TABLK NO. 1 12M 1245 February January 1,577,350 Lbs. 1,525,000 Lbs. 843,100 Lbs. 869,110 Lbs. Sales for February eontinued the upward trend that began when we went competitive on price for lead free sine oxide an September 24, 1945. While th* Increase was slight It should be con sidered that February Is a short month. Sine* w* went eosqpetltlv* on price for lead free sine oxide, sales for each month have been over those for the preceding month. Table >o. 2 gives the sales year to date through February for 1946 and 1945. TABLE 10. 2 Sales Tear to Bat* - February 124 1245 3,062,350 Lbs. 1,717,210 Lbs. Table lo. 3 gives th* sale of zinc oxlds for the past six months togothor with th* probable sales for Naroh. TABU 10. 3 September October Bovember December January February . March (Probable) J28,200 Lbs. 14,850 Lbs. 963,900 Lbs. 1,030,565 Us. 1,525,000 Lbs. 1,537,350 Lbs. 1,900,000 Lbs. PNYC000015J3 N10211 Mr. B. B. Dwyer -2- Mareh 29, 1946 It la expected that tho upward trend la salaa will aoatlima during the month of April. From a abort rang* ataadpolat It appoara that wo can continue to laereaao our aaloa by oaeh month although n wo build up our volume tho upward troad will bo moro gradual than It baa boon during tho paat ala month*. If March aaloa aro aa estimated wo will hawo lneroaaod our aaloa ovor 250% almeo laat Sopteabor. Table Ho. 4 giro* a breakdown of aaloa aeoordlng to paint, rubbor and mlacollanooua lnduatrio*. TABLH 10. 4 1946 Pounds FHBR0AHT Value 1945 Founds Value Faint lubber Mlacollanooua 891,200 312,100 --?3>jP50. 1,537.350 $ 67,269.13 22,662.50 29.227.00 181,200 *34,450 &1&9. 119,158.63 848,100 JA1UAKT * 14,030.65 41,791.88 Sum.^9 78,849.72 1946 Founds Value 1945 Founds Value Faint lubbor Mlacollanooua 742,200 283,600 --*99jl2-.Q 1,525,000 55,297.75 20,770.00 _0.i3S&i86. $ 116,461.61 322,360 385,950 160.800 869,110 * 23,959.31 36,853.63 15,8.27.-13 * 76,640.07 Despite tho faot that thoro la ao mueh talk of a oritleal ahortago of vegetable oila our aaloa of time oxIdo to tho paint Indus try inoroaaod In February. This ahortago la moro aeute an tho Atlantic eoaat aa that territory ha a received moat of their flazaood from Argen tina. Thoro la aena talk of paint faetorlea shutting down for several montha this aummor but to offset this. It la claimed that farmers are holding bask between 7,000,000 and 9,000,000 bushels of flaxseed which they nay put am tha market at any tins and tho outlook for tho fall crop in this country la optimistic although It la gwatlauable how mueh ean bo determimod about tho fall crop at this time. Our aaloa to tha rubbor Industry aoutlawed to lag duo princi pally to tho faot that wo havo just begun to got started with seaM of tho larger users of sine oxide since wo wont competitive am prise. The Oates lubbor Ccolony of Heaver la now purchasing a 40 ten oar ovary other month and In April wo will ship our first ear to tho 0. 8. lubbor Com pany since tho beginning of tho war, this being for 45 teas. Vo are hopeful that wo will soon bo back In with Firestone and wo havo boon proelaed business from them. PNYC0000151* Mr. I. X. Dvyer -3- Msroh 29, 1946 Table Xo. 5 gives the ittrtg* sales prise per pound for sine ozldo for tho post thro# Months. TABLX 10. 5 February Joansrr December Average Solos fries - For Pound 7.751# 7-637# 7.612# Tho average solos pries for February vas as prodietod, 7.75#. Tho gradual iaerooso for tho post several aoaths has boon duo to tho solo of a larger percentage of tho higher priced xlas oxides. For March there very likely vlll bo a lover figure aad it should bo about 7.50# per pound. Table Xo. 6 gives a ccasperisea of vhlte load solos for January and February of 19*6 aad tho corresponding aoaths of 19*5. TABU XO. 6 19*6 19*5 February January 1.**5,035 lbs. 1,*78,688 Lbs. *18,63* lbs. 2,281,266 Lbs. Tho solo of dry vhlte load is nov determined by tho aaount of production permitted us by CFA aad our stoeks at Bast Chicago and in varohousos. Vo are unable to supply tho daaaad aad have boon cur tailing purchases of regular eustoaars aad have boon turning dsvn nev business that has been offered us. Despite tho shortage of vegetable oils, tho shortage of other pigments plus tho tremendous demand for paint has caused considerable substitution of dry vhlte load for theae other pigments. At last Chicago our stock of dry vhlte lead is tho levest it has boon in years. That stock for sale as dry vhlte load is dovn to about 100 tons and ve have about 200 tons in oanorelal varohousos. Some of our varohousos aro entirely out of stock aad it vlll very likely bo sovoral vooks bofere vo can gat enough tonnage to replenish them. There is no likelihood of any increase In stocks at this time. Oh Marsh 27th I attended an emergency mooting of tho Load Pigment Manufacturers Industry Advisory Committee vhleh vas held in Vashlagtea. There vary likely will bo a re-issue of Order N-38* vhleh controlled tho amount of pig load that eould be used in manufacturing dry vhito load. For tho second smarter tho gusto vlll vary likoly be 38-1/2^ of tho base period vhleh vas tho first six months of 19**. For tho first guarter it vas *73* Thors vlll bo no restrictions on the use of dry vhlte load but inventories In the hands of consumers vlll be limited to 30 days. Table Xo. 7 gives tho sales of vhlte load year to dote through February of 19*6 and 19*5. PN1TC00001515 Mr. X. X. Dwyer -4- Nareh 29, 19*6 TABLX XO. 7 Sales Year to Date - February 1246 2,923.723 Lbe. 1245 2,699.900 Lbs. Table Xo. 8 gives the average sales price per pound for dry white lead for the past three sieathe. TABU XO. 8 February January December Average Sales Price - Per Pound 8.414# 8.361# 8*353# To nusnriie, sine oxide sales continued the upward trend in February and this upward trend will be continued in March. The increase for February over January was slight bat far March over February it will be substantial, March sales being approximately 1.900.000 pounds. The volume of dry white lead sales in January and February was nalntained to a considerable extent by liquidation of inventories at last Chicago and in eoaaaeroial warehouses. Sale of dry white lead is now governed by the amount of production pensitted by CPA. We are unable to supply the demand. March sales will be at about the level for February but for subsequent months the sale of dry white lead will be lower. Tory truly yours. F.M.Xurlesa ihe cos Mr. Frederick halst' Mr. F. 0. Case Mr. 0. X. Johnson PN*COOOC1510