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LEAD INDUSTRIES ASSOCIATION tax MADISON AVKNUI NCW YORK 17. N. Y. */ April lls, 1961 SUBJECT: REPCCT OF THE SECRETARY AMD TREASURER To Members of the Lead Industrie* Association: Enclosed are: 1. Report of the Secretary far the year i960. 2. Report of the Treasurer for the year i960. 3. Current list of member*. The report of the Secretary-Treasurer vlll be presented av wl~. annual meeting In Chicago. Very truly yours. RLZ:JRH Enc. Secretary L IA24497 'V' i ^ la? & AmJAL REPORT Of THB SECRETARY- TREASURER FOR THE YEAR 19&) A copy of ny annual report has been nailed to all menbers. It lists the details of publications of the Association produced In i960, of our advertising and publicity programs, of the activities of our staff, and other projects In vhlch the Association has been engaged. I hope all of you vl 11 find tine to read It. Also, please take a fev minutes to look over the displays in this roca of cur promotional materials and seme of the nev lead products that are coming along. I vant to reiterate Dick Hiller's Imitation to any of you vho ar: Interested In shooting a little lead Into the air vlthln a fev clnutes of the hotel end to call your attention to the electric truck and autcaoblle vhlch are available for Inspection and demonstration Just outside. Inquire at the registration desk If you are interested in shooting cr seeing the truck and car. As a tine saver I'm not going to read my detailed report here. In stead I vast to discuss In a general way our approaches to the problem of increasing markets for lead. I say "approaches" in the plural because there are cany. Generally speaking each different approach can be useful, but thev must be coordinated and balanced, vlth each being fitted Into Its proper place, in oy opinion, anyouu vhw thinks that oagatlne adver tising alone, or publicity alone, or exhibits alone, c" direct mall uiwne, or technical service alone, or even research alone vill do an adequate Joh of increasing lead markets to any major extent Is deluded. Also, anyone vho thinks that a major impression can be made without major expenditures is deluded. At the core of the Association's progran to develop lead markets Is, of course, cur personalized technical service. <Xir technically trained staff, enhanced this year by the addition of an architect. Is veil versed In the capabilities of lead In many fields. It attempts to make as many personal visits to potential Important lead users as possible In the course of a yea- and to vork vlth them In applying lead to their problems. It conducts a vide service by correspondence snd telephone, and furnishes us vlth the technical Information ve need for our publications and ad vertising. At best, however, each man can maintain relations with relatively fev people In this vay, say several hundred a year, and these contacts are necessarily limited to the number of men ve enn put in the field. This type of personal vork Is exceedingly effective, If you have the right men, as I believe ve have, but it la also exceedingly costly. Somehow our message has to reach more people, and some means have to be uced to create "hot" leads for these men. N 1844.01 f I i^mxf^w^'1 w> LI A24498 -2- Annual Report for i960 A somevhat analogous approach permitting contacts vlth more people o at less expense but not so selective nor under such favorable condition* Is the trade show exhibit. These ve use to a limited extent In certain Industries. While ve have found these shovs useful, they must be care fully selected and e.uhlbits carefully planned; and generally contact* thus made require further follov-up In one vsy or another. These exhibit* are also valuable sources of names of people with some Interest In lead for our mailing list*. Next ve cane to the mass approaches vhlch are dependent upon and com plementary to the personal approach. Space advertising in selected field* offers an opportunity to get a brief message to a lcrt of people at low cost. In technical markets I do not believe that it often result* in actual sales of a product, but It can be used to sell ideas, to create a favorable atmosphere for other means of contact, and to yield many valuable leads for follov-up. It can create an Image for our products and let in dustry know that ve are alive. It has the advantage of hitting selected groups repeatedly In a planned manner. Direct mall advertising, vhlch ve also use, permits us to bring a more detailed and technical message to selected groups and is valuable by Itself or as a complement to space advertising. Obtaining and maintaining good mailing lists Is difficult and costly, and In this our other forms of promotion are helpful. The coat Is entirely dependent on hcv many people ve try to reach In this vay and hcv detailed a message ve vlsh to convey. We also employ technical publicity as a market development tool. Thi* ire+hod is lev cost but cannot be planned as methodically as advertising and often cannon go Into tne aeua.11 ui dl.ct nun It is, nuveve*, --;cful, and reprints ore valuable aids la support of cur other approaches. This brings us to research, of vhlch you vill hear much more from the next speakers free our Expanded Research Program. There Is no question of the need for extensive research In our complex and ever-changing economy, end our Industry is to be complimented on its recognition of this fact. How research Is of tvo kinds, that done by our ovn Industry vlth the laudably selfish purpose of finding nev markets for our products and that done by other industries to solve their ovn problems or develop nev product* of their ovn. ) ! The promotional approaches ve are using tie In vlth both of these. In the first Instance, nobody today beats a path to your door even If you do have the best mousetrap In the vorld. You have to tell the vorld, or at least Industries that should be Interested vhat you have that vlll help them. In the cecond instance, broad dissemination of technical knowledge about lead vlll encourage others to try it In their ovn effort* to solve their problems and tell them hcv to use It most effectively. Nov all of these methods have been used by LIA for many years In vary ing degrees. I think our industry Is to be congratulated In that today ve are making the broadest effort In our history. Our magazine "Lead" first sav the light of day In 1931, the same year In which vs published the book "Useful Information about Lead," 'fhich vas modernized and expanded In 19J>2 a* "Lead in.Modern Industry." A lot of other literature end -3- Acnual Report for i960 advertising has appeared In the Intervening year*. Tor example, our Red Lead Technical Ccczalttee vas established In 19*0* followed by its compre hensive teat program on paint formulations and publication of Red Lead Technical Letters. The need for carefully planned research vas recognized In 195^ vith authorization to form the Technical Steering Cccalttee, which was done the following year. Co the heels of this came the Cable Sheathing Task Croup, also in 1955* which planned the research on continuous extrusion of lead cable abeathlng and conducted negotiations for a Joint project with th John Robertson Cocpany for a program which culminated In an agreement with that company to build an experimental press. This vas done In 1957* and actual testing, started In the spring of 1958,was successfully concluded soon thereafter. There also followed In 1955 the formation o j ` the Ceramics Technical Coranlttee. This resulted In publication of "Leac in the Ceramic Industries" in 1956 and a program of graduate research fellowships in 1957. Also in 1957 Battelle Memorial Institute vas engaged to rjke a systematic study of our Industry's research needs and their report vas received later In the same year. Likewise late In 1957 the architectural-engineering firm of Skidmore, Ovings & Merrill vas cocnalsaioned to study possible expansion of lead's construction applications. The report, cade in 1958* oo=e up with preliminary information an lead for noise control developed by Bolt Beranek and Nevnan and subsequently expanded to Its present premising proportions. l u I95C wL- r^panded Research Program vas organized and research estab lished on a much broader basis. You will hear more of that later. Con currently the promotional efforts of the Association were also extended to a point where we now feel we have a rather nicely balanced, though still modest, promotional effort. Our industry deserves credit for its vision and strong support. Yet we still have a long way to go. My remarks would not be complete without mentioning a problem our in dustry has that is not coezran to most other metal Industries. It Is the toxicity of lead. Just as Important as any research and promotional effort Is our knowledge of lead toxicity and our ability to tell people how to use lead safely. Adverse publicity and the fear of lead poisoning are obstacles ve have to overcome Just as much as any other lack of knowledge about our products. This has been as important activity of LIA for years and should continue to be, on an even larger scale.I I have presented these remarks In the hope of accomplishing several purposes. First, I think It should be on record that our industry has done and 1* doing a constructive Job of trying to solve Its own problems. There has been too much criticism and not enough recognition of pro gressive efforts. Second, I hope it will serve as a reminder that no market development tool can be neglected If ve are to succeed la our avowed purpose to Increase the use of lead, and care must always be exercised to see that all the parts fit into a balanced, smoothly running whole. Third, I feel that our greatest chance of success lie* in providing technically competent people in many Industries with all the knowledge ve can develop *w" W^MI--ii LI A24500 wiwi ii ^ t p|,nmfpp^-wpwy^wy >^p!>| i iw!ww^m^ij^.iiijiiii ^w^wwp^wp^fiaipi'i mu dh * : '.nw ^ f f o -U Annual Report for I960 about our own material* and helping them to apply thla knowledge to the development and use of their own product*. SUMMARY OF ASSOCIATION ACTIVITIES--i960 DIRECT HAH ADVERTISIHQ 1. "Lead." Again this magazine dealing with a variety of lead uae* vaa circulated four times to a list of over 50,000 users and potential user* of the metal, carry1 ug a total of more than 1,200,000 individual messages about lead applications. It was "Lead's" thirtieth year of publication, and, for the start of its fourth decade of life, an entirely new and modernised cover has been designed better to reflect the modern image of lead and to conform with the magazine's modernized layout and coverage. 2. Industrial Truck Brochure. This 12-page booklet on the advantage* of storage-battery-powered industrial trucks, which was prepared late in 1959, reached a total printing of nearly 100,000, including a German trans lation, at a cost to the Association of less than the cost of 5,000 copies. This was possible because battery companies, utilities and others purchased large quantities for their own distribution. 3. Tame Plate Roofing. A four-page flyer on the renaissance of terna plate (lead-alloy coated steel) roofing was prepared and circulated to about 16,000 architects end builders. -. Carriers. A tecu.^r-1 report on the advantages of leaacobtaining sound barriers was prepared with the assistance of acoustical consultants Bolt Beranek and Uewman and printed as a 12-page brochure. It was nailed to about 15,000 architects and engineers and a broad list of trade magazines. It also received a one-page review in "Progressive Architecture." As a result, more than U,000 requests for copies and technical information have since been processed.. 5, Construction Bulletins. Two previously printed "Lead Construction Bulletins" were reprinted as the original supply was exhausted. They dealt with lead shower pans and waterproofing and with lead chemical laboratory drainage system*. 6. Sveet's Catalog*. Our two four-page catalogs in Sweet'* Archltectural file and Sweet's Light Construction File were continued for another year. In addition, a new 12-page catalog was prepared and Included in the 1961 Sweet's Design Engineering File. To answer inquiries end use at ex hibits 7,000 reprints were obtained. 7. Ceramic Supplements. A new six-page supplement to "Lead in the Ceramic Industries" on leaded porcelain enamels for aluminum was issued and circulated to the 6,500 ceramists who have copies of the book. A second four-page supplement on leaded low-temperature porcelain enamels for steel va* prepared and similarly distributed. PUBLICITY AND REPRIHT3 8, Anodes. A paper on nonsacrificial lead-alloy anodes for protec tion of steel against corrosion was reprinted free "Corrosion" magazine and reprint* used in aneverimg Inquiries, distribution at trade shows, and circulation to members. : vr? <a;rlllMSI L IA24501 .iimiIi i<_''b _h l i_i imr- --->-^-- % -5- Annual Report for i960 9. lead Dene. An article prepared by LXA with the cooperation of, and signed by, the chief maintenance supervisor of the Hew Jersey State Prison Para, describing 25 years of trouble-free service of the lead dome on the state prison at Rahway, Hew Jersey, appeared in "Heating end Air Conditioning Contractor." It was reprinted and distributed to sene 15,000 architects end sheet metal contractors. It is interesting that LIA originally prepared the specifications for this dome 25 years ego. ; 10. Hiagara Power Project. As a result of cooperation between LIA and the editors of "Materials in Design Engineering," a one-page article on the use of lead lubricating seals in this project appeared in that magazine. 11. Cooling Tower Antivibration Pads. He were instrumental in the publication in "Air Conditioning, Heating and Ventilating" of an article on these pads under the cooling tower of the skyscraper at 575 Lexington Avenue, Hew York, signed by one of the partners in the firm of consulting engineers for the building. Reprints were obtained end distributed to 15,000 architects and engineers. Another article on the sane subject appeared in "Plant and Power Services Engineer." 12. "The Challenge of Hew Battery Systems." This was the title of a paper by the late C. G. Grimes, vice president--research, Electric Storage Battery Cccpany, delivered at the annual meeting of the Associa tion of American Battery Manufacturers. LIA reproduced it and distributed it to members. 13. Lead Veldlng. The chapter on tk* subject in the "Welding Hand book"of_the--American Welding Society waa revised for in a new edition. lit. Sound and Vibration Attenuation. As a result of LIA cooperatloo with editors of "Steel" and ''Chemical Week," an excellent article appeared in each on this general subject. Reprints of both were obtained for dis tribution to members end others. 15. Technical Developments. A brief Review of recent technical de velopments In lead vas prepared and published In "Steel" magazine. 16. Battery-Powered Delivery Trucks. An article on these trucks was prepared and published in "Food Processing" magazine vith a 1*5,000 r circulation. About 5,000 reprints were obtained for further distribution. \ 17. Lead Shielding for Portable Reactors. An article on this subject was prepared and printed in "Materials in Design Engineering." Reprints ! were sent to members and our list of nuclear engineers. 18. Bearings. Through cooperation with editors of "Materials In Design Engineering" and "Design l!ews," two articles appeared on tvo new typec of lead bearings. Reprints were circulated to members and others Interested. PWp.UWJT!1 nm*m wp LIA24502 iiniiai w mmi- rutitftfc o o -6- Annual Report for I960 19. Chemical Construction. A broad article on the use of lead for chemical construction was prepared and published In "Chemical Engineering." Reprints vere circulated as a Cheaical Construction Bulletin to our ovn mailing list of chemical engineers and cheaical engineering schools. 20. "Lcad--Its Alloys and Compounds." lie annual article 00 this subject vas prepared and printed in "Industrial and Engineering Chemistry." Reprints were distributed to a selected list of 1,600 people. 21. Value of Publicity. The value of space obtained in trade maga zines for publicity emanating from LIA end its agency in i960, figured at advertising space rates for the editorial space occupied by the publicity, vas approximately $100,000. About two-thirds of this was attributable to feature articles covering a broad range of subjects which included, but were not confined to, nuclear shielding, roofing, storage batteries, sound and vibration control, stained glass, sheet lead, ceramics, plumbing and chedcal construction. TECHNICAL PAPERS AMD LECTURES 22. Metal Dealers. A lecture on the uses of lead vas delivered be fore the Detroit Metal Dealers Association. 23. Cable Sheathing. Technical reports of the research program on continuous extrusion of lead cable sheathing vere rewritten and consolidated into a paper vhich won delivered by the Research Director before the fall meeting of the American Institute of Electrical Engineers. Copies vere distributed to manoera and the power distribution industry. 2U. Ceramic Research Paper. A paper baaed on research supported by LIA'a Expanded Research Program at Pennsylvania State University appeared in the "Journal of the American Ceramic Society." It vas reprinted for distribution to members and others. 25. naval Reserve Lecture. A one-hour lecture with particular refer ence to new lead uses in national defense vas delivered before a large group of Naval Reserve Officers in New York. 26. Lead Shower Pans. A paper on lead shower and safe pans was de livered before the animal meeting of the American Society of Sanitary Engineering. 27. Annual Revlev. The annual reviev of the lead Industry vas pr*pared and appeared in Engineering and Mining Journal." EXHIBITS AND MEETINGS 28. Annual Meeting. A successful annual meeting of LIA, with one session held Jointly with the American Line Institute, vas conducted In St. Louis. LIA24503 -7' Annual Report for i960 29. Trade Shov Exhibit!. LIA had promotional exhibit* at the follow ing Important trade above: Rational Home Builder* Sbcv Design Engineering Shov Rational Association of Plumbing Contractor* Shcv Industrial Building Exposition 30. Meetings Attended. In order to maintain close contact vith the varied groups In Industry that may affect the use of lead, and to keep a finger on the pulse of associated Industries generally, many meeting* of Industry group* were attended. A partial list follov*: Signal Corps Battery Conference Association of American Battery Manufacturers Sea Horae Institute (corrosion) American Ceramic Society American Mining Congress Porcelain Enamel Institute American Institute of Hlning, Metallurgical and Petroleum Engineers American Society for Testing Materials Rational Association of Corrosion Engineers Rational Association of Plumbing Contractors Rational Association of Hone Builders American Institute of Electrical Engineer* American Chemical Society yt Apprenticeship Contest. At this veek-long contest held at Purdue University, l a * pi*.!!'* a .ludge for the lead vork, prizes for the three best lead workers, and lead material* lu usc-u ly tit -^ntestants. Also It supplied an Instructor for the refresher course for plumbing In structors teaching lead work. SPACE ADVERTISDC 32. Advertising Schedule, i960. Following la the advertising sched ule run by LIA last year: Publication Pages C1^^a" Subject Materials In Design Engineering Product Engineering Engineering Kevs-Record mm 6 6 9 ^ Karins Englneerlng/Log m mn V g Bulletin of American Ceramic 60c.12 Ceramic Industry V Ceramic Ags 6 Brick and Clay Record it Metal Product Manufacturing * - V 2 31.000 1*2,000 61.000 81.000 16.000 16.000 8.000 6.000 8,000 5,000 15.000 15,000 Properties and uses * "" Metallic lead for construction Metal protective paints * "* Lead anodes Lead in ceramics *" " "* Lead glares for clay products Leaded porcelain enamels Lead pearlescent pigments Total circulation was over 200,000, with Individual sales messages totaling nearly 2,000,000. l_I A2^50^ 8- - Annual Report for ly^O o HEALTH AJTD SAFETY 33* Alleged Lead Poisoning from Drinking Water. A lawsuit against an apartment building ovner la Milwaukee making this allegation va* entered more than a year ago. Because of the harmful effect a decision in favor of the plaintiff vould have, ve have very actively aided In preparation of the defense, since the facts Indicate the complaint to he vithout foundation. The trial has been postponed several tines since last fall, and It nov appears that the plaintiff is not anxious to have the case cone to trial because of the strength of the defense. 3U. Toxicity Research. A meeting of members and Interested industrial medical nen and toxicologists vas held under LIA auspices to consider the need for research on lead toxicology and a proposal for such work from Harvard, as well as other possible approaches. The need for euch research vaa generally agreed upon hut it vaa recommended that details of approach be undertaken by a smaller group of experts. 35. Childhood Lead Poisoning. A grant of $2,000 was made to Dr. H. D. Smith of the Cincinnati Children's Hospital Research Foundation to determine lead's actual share of responsibility for mental retardation which lead poisoning in children la alleged to causa. 36. Health and Safety Bulletins. Three of these Bulletins were circulated to members during the year. 37. Air Pollution Regulations. The trend toward state and federal regulation of the general atmosphere in communities, much as factory atmospheres have been regulated in the past, has required close watch of developments in this area. 38. Lead Poisoning from Pottery. Two cases of lead poisoning frca improperly fired pottery, fortunately not serious and accompanied by full recovery, led to a vast amount of unfavorable publicity and started agitation for control of the use of lead in glares. To forestall govern mental controls and avoid recurrence of such incidents, we initiated a Jointly financed study of solubility tests and lead tolerances with the U. S. Potters Association undtr Dr. Robert A. Kchoe cl the Kettering Laboratories at the University of Cincinnati .Medical School. 39. Lead Poisoning In Cattle. Assistance waa rendered the Southern Pacific Railroad in preparing defense of a suit for the poisoning of cattle resulting troa sandblasting a lead-painted bridge. UP. ASA Cccnlttce. Ve have continued to serve 00 the American standards Association cocmittee dealing with hajarda to children frca lead-containing paints. It met several times during the year. Ul. Moonshine Uhlskey. LIA lodged a strong protest with the Internal Revenue Service over scare publicity Issued by that organization Involving the danger of lead poisoning from drinking illegal liquor. In this, at our request, ve were Joined by the U. S. Department of the Interior. How ever, publicity had already issued by the time the protests vers made and received vide attention in the paper*. 9- Annual Report for i960 U5, Alleged Lead Poisoning from Lead Paint. Conolderable assistance he* been given the Delaware Hiver Port Authority In preparation of Ita defense of a suit brought by several painters who allege that they con tracted lead poisoning from spray painting the Delaware River Bridge at Philadelphia with red lead paint. U3. Meetings. Among meetings attended in the interest of our health and safety voric were those of the Air Pollution Control Association, In dustrial Health Conference, and Industrial Hygiene foundation. Qir health and safety director was a speaker at the Industrial Health Conference, which was sponsored by five major organizations in that field. Health and Safety Director. The Association suffered a great loss in the untimely and sudden death of Manfred Bovdltch, health and safety director for over 12 years, at mid-year. The Board has authorized his replacement, but a suitable man has not yet been located. Meanvhlle the health and safety work has been carried on by the Secretary, as best he could, with the help of Mr. Bowditch's many friend* in the Industrial hygiene field. MISCELLANEOUS 1*5. Information Bulletins. Nine of these bulletins were circulated to members during the year. t6. i,i.- n-adquarters. The Secretary is proud that he was instru mental in the locat1on negotiations for the new headquarters of LIA, American Zinc Institute and the Expcf AII-LIA. The enlarged and improved quarters bring all three groups conveniently together on an entire air-conditioned floor laid out completely to our specifications and at a cost considerably lover (nearly $10,000 a year) than the amount previously authorized by the Board. The move was made on Kay 2. hj. Statistic*. The Annual Statistical Review vaa prepared and circulated to members. Also the introduction to the lead section of the "Year Boole" of the American Bureau of Metal Statistics was prepared. There has been no change in regular statistical services, although efforts were made frem time to time to eliminate discrepancies in statistics emanating from various source* and to speed up statistical services. U8. Meetings. Among meetings of association members during the year, aside from the Annual Meeting and those called by ERP, were: Board of Directors (2). Industry Development Cccmittee (2), Pigments Technical Coemlttee (2), Ceramics Technical Cccaittee (2), Metallic Lead Products Advisory Cocntttee (l). TECHNICAL SERVICE It is impossible in a suroary report of this nature to give an adequate idea of the technical services rendered by members of the staff frem day to day by telephone, nail and personal visits. The following contact* are cited only to give a general idea of these activities which probably oc cupy mors staff time than any other. HM IMW mmppy ** LIA245 06 *10* Annual Report for i960 Q lt. Soundproofing. IBM (business machines), U. 8. Plywood Corp. (wall panels), Kev Castle Products (folding doors), Harley Co. (cooling towers), Percacel-Le Page, Inc. (adhesives), liare Island naval Shipyard (hull damp ing compounds), Dave Chapman, Inc. (movable partitions), Minnesota Mining and Manufacturing Co. (adhesives), Buffalo Forge Co. (blowers), Chemical Coatings and Engineering Corp. (leaded epoxies). i $0. Metal Products. Ohio State Hlgbvay Dept, (bearing plates), U. S. Amy Corps of Engineers (lCBM launching bases), Phoenix Building Products (waterproofing), Kev York Park Department (roofing), James V. Rudeman, consulting engineer (Pan Am Building), and many architects. 51. Paints. Pennsylvania and Michigan State Highway Departments (traffic marking paints). Crystal Essence Co. and Mcarl Corp. (pearl pigments). 52. Konsacriflclal Anodes. Electro Rustproofing Co. 53. Ceramics. Barrows Porcelain Co. and Monarch Aluminum Co. (porce lain enamels), 0. Eccrel Co. (frits), A. 0. Smith Co. (glass coatings), Minnesota Mining and Manufacturing Co. (glass beads), Branson Ultrasonics and Clevite Corp. (piezoelectrics), E. I. du Pont de Keaours & Co. (porcelain enamels), Femco Inc. (frits). * STAFF J t r The entire stsff Is to be cczmended for the high degree of Initiative, energy, intelligence end loyalty with which it has conducted its work during the past year. The sudden loss of our health and safety director in June v*s, of course, gravely felt, but we have managed to meet all urgent health problems in the Interim although scce of the more routine, yet important, work has undoubtedly suffered. Hew dictaphone equipment has enabled the clerical staff to handle an Increased volume of work without Increasing personnel. mupw i m^p w i p i .h i At the year end certain staff changes were approved in the Interest of efficiency. It was decided to replace one metallurgical engineer by an architect to provide better technical service to the construction Industry. It was also decided to add one more man to work on technical publicity and general technical service work, and to discontinue advertising agency handling of publicity. Both of these changes have been made since the first of the year, but the position of health and safety director still remains open. Ve feel that at the moment we have a highly efficient and capable staff. w* m i |h m iihj u jwm pj p 'i mi wj j ipimn ***** ' nwmu^m. up eessr mm LIA24507 Annual ItpOft for me Tear mo Tr* Treasurer respectfvlly hWti t*e report of the Audit of the account* of the Association at of Oecemoer Jl. ivfi tf sAln* 4 Sell I, *| fillct: MASONS 4 SEUS Certified Public ACCOtftantf 2 lroaddy ktm York 4 March JO. 1441 ACCOUNTANTS* QPIIIIQM Lead industries Association: we tiavo examined the oaltnca sheet of lead Industrie* association as of Decoder It. 1460 and the related statement of income. expenses, eno reserves and suppl rental scnedules for '.fie year then enoeJ. Our examination *as made In accordance *itn generally accepted auditing star dare*, and accordingly Included such testa of l* accosting records and such other auditing procedures as M considered necessary In the clrar&stances. In Our opinion, the accompanying ba'.arce sheet end statement of Income, expenses, and reserves and supplements! schedules present fairly the financial position of the Association at December Jl. 1460 and the results nf Its operations for the year than ended. In conformity ltft generally ao* cepted accosting principles app'leo on a basis consistent Uh that of the preceding year. lUe^i) lattlns I s.n > * ' 5 it AO lapusTaus Associ ATipa 0ALANCC SmCCT. DECEASE* 91. 1460 ASS t T I Operating funo* .'Tudlng savings bane deposits. Sll5.469.9e;...................................................... ........................... employees Pension Plan ftfd (savings fcan deposit*/..................................................................................... .. SW2.9ll.aO 1JT.4JS.2T Total ca*........................................................ ACCOUNTS PCCtVAStt............... a o v a n c l s p o a t u w u cipnscs. AIS TOa v CL DEPOSIT....................... TOTAL t520.2U.6T 200.SO t.STS.00 Alt.00 S522.7AT.lT l ia b il it ie s a n d mav3 ACCOUNTS PAYA0LC............................................... .................................... AEStSfCS: Ordinary fuc............... ......................................................................... Health end Safety fund................................. ........................... . industry Development fund................................................. Expanded Research rrogre*............................................................., Employees Pension Plan fund........................................................ Total reserves t o t al , t SA.OTS.H 2S.I14.S0 T2.te4.S0 210.622.OT 1JT.4JS. 2T 1 11. lot. 01 M0.4AS.90 U22.TT.1T O NOTCS: (1) Expenditures for furniture, fixtures and eoglpMot ero not capitalized, but art charged to akpense at the Ilea of purchase. (2) The wounl of me employees pension plan find reserve Is based on an actuarial computation end cover* both psst service end Current service costs. '! 'ffA'i.mti iif in 1 ^niwgr I UEIi^lUT M^x^gp -UJI.UW " LIA2**508 o ICAO IHOUSTQltS ASSPCt AT IQR STATEMENT or INCOME. EXPENSES. a *o RESERVES fOR THE TEAR CNDIO OCCEMhC* 31. I960 TOTAL o r o inar t fono heal t h a n o sAfcnr fUND in c x j s t r t o c v u o pmc n t flWO INCOME: Membership assessments................................... . S7J7.OOt.OQ Interest on savings bank Deposits........................ . NisceUtfeous (1 ncluoini.sales of publ1 cations)................................... Total Incoma............................................................. 9.010.25 1.555.05 7a7.M7.O0 S1O1.959.00 (25,750.00) 9JJ.49 a7. J6 79.589.05 SJ5. 750.00 619.18 166.00 ?6,53J.18 1268.006.00 709.1? 964. 67 269,657.66 EXPOSES: Salaries and payroll taxes........................................ . Rent ani 11 rht.................................................................... Office supplies and services................................... tntertaifrnent and luncheons........................... Meetings (net Telephone ana of fees. tl.R70.00)..................... telegraph.............. ....................... . Mailin')............................................................ Test Program................................................... Legal, accosting, and consultation fees.... `"ovinj na nee space expenses................................. Cost of p,,Dl icatlors. net (see Schedule a ).. Advertising and publicity (see Se^edu's B),. Research projects {see Schecjle C)..................... . Expenses - net................... .......... 157,600.70 1T.9SS.J8 5.M9.5) JO.7*1.69 961.1* 1.6*6.10 3,1J7.6Q C.Vfco.69 l.JiJ.Jt 1.15:.65 6C9.6T a.etc.is 1.0C5.ce 5.760 if 1.0*5.00 J0.669.lt a.*?}.!> .8o7.7 8.*20.97 54.1C1.7S 55,108.61 i*0.i7i.?a mi 67 07 CCCSS Of INCOME OVE* EXPENSES EC? THE YEAR..... 18J.700.01 C:C**E3. j a n u RT t. i960............................................... 3J7.JM.J5 ( ) Denotes red figure. * J9.J5C.7J 10.019.6C 2.222.86 5.221. W 5J.05 1,605.07 I.960.19 J.J7 3-66 J*J90 1,056.60 609.4? 1.509.75 10. 154.T1 J.620.04 6.071.dJ 5.197.36 74.657.61 6.7J?.Ji 51.34J 7-3 t M.0*4.96 10.754.J7 21.1.54 1. 27.3. J9 JO 3.50 1 JO. 59 102.71 2*4.fj *33.7< 131.91 761.00 J.221.99 lT.<i0.9l V,064.26 16.775.26 Us.*19.SO 83.698.49 3,000.00 13.331. 51 557. SC 2.130.6 86.9J 670.51 353.52 1.604.66 1.COO.06 1.223.00 20.649.11 1.471.7J 56.101.75 3J.108.61 2 40,597.74 2v.054.48 3.629.70 t 72.609. 56 ROTE; Administrative expense* In l*e Cxoanded Research Program are said, tor tne rost part,to A*ercv> Zinc institute, nich hanotes the accosting fur the program. c x p a'io c o r esear c h PROGRAM cmoTtcs pen s io n PLAN fUNO 1165.038.00 1.772.94 >66.019. 34.997.16 2.935.64 3.676.11 11.(05.11 ua.:j in*.26 1.6*9.69 24?.If 75.25 831.si 2.775.27 1.C7509 1.035 09 815.65 524.90 *** 171.18 241.077 % 125,713 55 4? 908.*2 1218.622.0? 1 1.975.4? 4.975.47 (10.1S<.M) U9.154.U) 15.130.14 122.ns 09 11>7.9)5.2? irrv TT wimijwr sr -*T I } w L IA24509 *~' 1 i---------- . . ----- - - n| ii-fTT _ Q lC*0 IIDJ3TB|cs ASSOCIATION '` SyPPLD^NTAl SCh CDUUS 70* THt YC46 C*DC0 PCCC^eC* 11. 1660 SOCDOIC 4 COST or PUBLICATIONS. *CT --- -!-L ' |l - - Ltil4..................................................................................................................................................................................... 1 20.61k.77 Arc"* lectjfal H/eri i^d COAsPMctiOA ^Hlln............................................................................ 2.<33.62 *1'pflM6.............................................................................................................................................................................. 1.670.61 C*rjflc Suprl6fr.U....................................................................................................................................... PigneM Technical letters............. t.000.00 1.000.00 $!* Catalogs................................................................................................. ,......................................................... 6.621.65 Sheet's C'tsio* Catalog.......................... Battery BrocAur*...................................................................................................... 5.655.11 1J.*1 Sneit^ing Hy*rv.......................................................................... 565.16 leid *nr* for *v<jern Pluming*..............................................................,......................................................... .351.16 Sound Atleftwlirg C* aratleei t* CS of ItaO*.............................. ............................................................. .32.71 YQTAl............ ........................................................... I 3*. 101.75 SOtCOUU *NQ PUHYClTT Advertising pC: p-odcst v mi 7>.. Obstruction---P$eM............ Cfr t m ft............ loose*............... ft 6.5*0.66 7.716.00 T,fc*0.62 1.017 *4 2 6C.16 To til I6.6t5.20 *vrtt *** reduction................................................................................................................................ .............. Publicity............................. lp?frtlc CMel....................................................... 7.716.07 6.507.76 <11.77 t o t al I 51.ICS 41 PC5C4C* P6CJCCT1 SOCOULt C Po#d#r *tll lurjr - e^j|#Uer........................ .................................... l*1 GCll6l $l*t - *666670........................... .... enforced l'i0 - irouf................... ........................................................... mr*tOA *t!efu*ticn - t>eUs A MwCUlM......................... SOyiO - &O00fr'*Afl. lie................. ................................ leal iHoys - irwouf................................................................... .................... Lal C7r-*C|T - A. 0. UltU...................................... ........................... NmI ari&itwily - Tort university.................................. Ctr*n*c|................................................................................ 16*1 organic c-r^oobd* Organise*...................................................... Pi<T>*MA fnr a*tcf Suable - CjT#-Pl*7................. Suffice C*W|fAClerMt'CS of If60 - UnUfftlty of *YltOv7M, PICM*n6ouS r#**rcp................................................................................... 1 11.62? 61 2.000 00 1.641.61 26.161 7? 2. *61.11 76.766.21 ,>0.276.10 6 000.00 76.2*0.00 3.611.77 IS.67S.1I 4.00000 61. 16 TOTAL........... ....................................................... ilM.ri.16 'yvr IIUJIL I *4... LIA24510 April 1961 MEMBERS 07 TEE LEAD INDUSTRIES ASSOCIATI0R O Allied Sbeltlsg Corp. Aljim Metals, Inc. 5116 W. Lincoln Ave. Box 3*> Eergen Station Milwaukee 14, Wit. Jersey City 4,R.J. American (fetal Climax, Inc. 1270 Ave. of the America* Hew Fork 20, H.Y. American Smelting & Refining Co. 120 Broadway New York 5, R.Y. American Zinc, Lead k Smelting Co. Paul Broun Bldg. St. Louis 1, Mo. The Aasronda Co. 25 Broadway Hew York 4, R.Y. The O. A. Avrll Co ., Lead Product* Dlv. Langdon Farm Rd. k Seymour Ave. Cincinnati 12,Ohio Per* & Co., Inc. Broke* Eill Associated Smelters Proprietary Ltd. Broke* Hill South, Ltd. The Sadcer Bill Co. Ashland & Levis St*. Philadelphia 24,Pa. Collins Bouse, Box 1291 K Melbourne Cl,Anst. Box 194 C, GPO Me Ibourae,Australis 660 Market St. San Francisco 4,Cal CasterHc* Smelting Co. Cerrs Sale* Carp. Circle VIre & Cable Co. The CoisaUdated Mining and Smelting Co. et Canada, Ltd. Consolidated Smelting Corp. 100 Pacific St. 300 Park Ave. 5SCO Maspeth Ave. Box 1030 Place d'Arce* 4700 E. Nevada Cambridge, Mass. Hew York 22,R.Y. H&8pc^h)L*I* ^XiT* Montreal 1,Canada Detroit 34,Mich. Day Mm, Inc. Delco-Secy Hr., General Motors Corp. 2401 Columbus Ave. Dicksec Weatherproof Caai. Co. Box 590 o Dixie lead Co. Box 0625 The Eagle-Picber Co. The Dectrle Storage Battery Co. Ethyl COrp. Evasa lead Dlv., Rational Lead Co. American Bldg. Box 8109 100 Park Ave. Box 1467 Wallace, Idaho Anderson, Ind. Evanston 4, 111. Dallas, Texas finu.tmatl l,0hlO Philadelphia l,Pa. Hew York 17,R.Y. Charleston 25, V.Va. Federated Metals Dir., American ftarlting k Refining Co. Aarca Ferer and Sena Co. The Firestone Tire t> Rubber Co. 120 Eroedvcy 101-19 6. 8th St. Box F, Firestone He. Rev York 5, H.T. Coaba 8, Neb. Akron 17, Ohio Caxdlaer (fetal Co. Goldntth Bro*. dr. of Rational Lead Co. 4820 S. Campbell Ave. Ill R. Vabash Ave. Chicago 32, HI. Chicago 2, 111. Hanoori Lead Product*, Inc. BecS* Cluing Co. 3231 Baboon Ave. Hammond,Ind. Wallace, Idaho Imperial Type Metal Co. 3400 Arsmlngo Ave. International Smelting & Refining Co. ' (Anaconda Sales Co., Agents) 25 Broadway Philadelphia 34#P*. Rev York 4, R.Y. Knapp Klls, Inc. 23-15 Borden Ave. Long Is. City 1,H.Y. ta*oci*tt Hesbtr "TP N 1844.02 'WPW'U' iii'i'.wi>M>imf lirmmtmIP--Wf LIA24511 -2- April, 1961 lead Product* Co. Inc. Lucky Friday Silver-lead Mines Co. John R. MacGregor Lead Co. Metalead Products Corp. Murdock Lead Co. Rational Lead Co. Rev Park: Mining Co. Revmoot Mining Corp. North Broken Hill, Ltd. Olin Mathieaon Chemical Corp. Pend Oreille Mines Si Metals Co. Phelps Dodge Copper Products Corp. Price Battery Corp. Revere Copper Si Brass Inc., Foil Biv. River Smelting & Refining Co. Rochester Lead Works, Inc. St. Joseph Lead Co. Shattuck Penn Mining Corp. Soclete Miniere et Metallurglgue de Penarroya Sunshine Mining Co, United States Smelting Refining and Mining Co. The Victory White Metal Co. Hyman Vlener & Sons Vulcan Lead Products Co. Western Lead Products Co. The Zinc Corp. Ltd. Bart 13*1 Houston 1, Texas Wallace, Idaho 4f2o w. 15 8t. 2901 Park Bird. Bov 5398 Chicago 23, HI. Palo Alto, Cal. Dallas 2, Texas 111 Broadvsy 300 Park Are. Box 1903R, 0P0 Rev York 6, R.Y. Keetley, Utah Rev York 22, R.Y. Melbourne, Australia East Alton, HI. Old Rati. Be. Bldg. 300 Park Are. Spokane 8, Wash. Rev York 22, R.Y. Hamburg, Pa. 196 Diamond St. Box 5755 360 Exchange St. Brooklyn 22, R.Y. Cleveland 1, Ohio Rochester 8, R.Y. 250 Park Ave. 120 Broadway Rev York IT, R.Y. Rev York 5, * Y. 12 Place Vendome Paris 1, France Vest 300 Mission Ave. Spokane 1, Wash. 62 William St. 6100 Roland Ave. 5300 Hatcher St. 1545 W. Pierce St. P.0. Box 2291 Box 384 D, 0P0 Rev York 5, . I. Cleveland 27, Ohio Richmond 5, Va. Milwaukee a, Ms. City of Industry, Cal. Melbourne, Australia Associate Member