Document qax4BNQoogZJDg76mLb1nLeaq

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 inA Nay 8, 1946 Nr. R. X. Svyer, Xxeeutlv* Tie* President, Anaconda Copper Mining Company, 25 Broadway, I*v York 4, V. T. Sear Nr. Ifcryeri This la a suaaMry of th* aal*a position of slno oxld and whit* lead for th* aonth of March, 1946. table Vo. 1 give* a oeaparlaan of slno oxld* aala for February and Naroh, 1946 and th* corresponding month* of 1945. TABLV WO. 1 1946 1945 March February 1,893,400 Lbs. 1,537,350 Lba. 1,164,450 Lbs. 848,100 Lba. Th* upward trad that began vhen v* v*nt competitive on prle* In September, 1945 ontlnu*d through March. In do*a not appear likely that th*r* will be a reversal of this trend In th* near futur*. tabl* Xa. 2 gives th* sales year to date through March for 1946 and 1945. ttVLV MO. 2 1246 1242 Salas Yaap to Bat* - March 4,955*750 Lba. 2,881,660 Lba. It la gult* likely that sales through April, 1946 will b* double those for th* asm* period of 1945* Tabl* Vo. 3 gives the sales of slno oxld* far th* past six months together with the probable sales fer April. pNtC0001509 NI0210 Mr. B. X. Dwyer -2TABLI BO. 3 May 2, 19*6 October Xovember Deeember January February March April (Frobable) 814,850 Lba. 965,900 Lba. 1.030,565 Lba. 1.525,000 Lba. 1.537,350 Lba. 1,893.400 Lba. 2,000,000 Lba. The upward trend In aalea should eontinae through May. Seles for that noath are estimated at 2,200,000 ponnda. Table Xo. 4 gives a breakdown of aalea aeeordlng to paint, rubber and aiaoellaneoua induatriea. TABLE 0. 4 Faint Rubber Miscellaneous 1&SS&1 801,200 206,500 1,893.400 1246 MABCB _ ==&- Value. Founds 8 58,621.01 15,112.50 -ZUlterJ*. 189,350 669,500 145,499.25 1,164,450 1245 Value 8 14,797.26 64,253.75 J30.918.23 109,969.24 1946 Founds FXBROAXT Value 1245 Founds Value Faint 891,200 Rubber 312,100 Miscellaneous -Jl.aQ59 1.537,350 8 67,269.13 22,662.50 Ma?T.09. 8 119,158.63 181,200 434,450 bam 848,100 8 14,030.65 41,791.88 Si.027.i2 $ 78,849.72 Sales te the paint industry eantlnue at a high level deapite reported ahortagea of eontainora and linaeed oil. To atm extent thie la doe te substitution of sine oxide for other plgnenta Whioh are not available, sueh as 11thopone and titanium. Salea to the rubber industry oantiaue te lag. To a large extent this is due to lower production of insulated wire. A large percentage of the sine oxide we have been selling to the rubber Industry baa been used in insulated wire and many soaserna malting sueh producta are either operating on a reduced schedule or are not operating at all. The substantial increase in sales to miscellaneous indus tries la due te a lesser extent to an increased demand for sine oxide from manufacturers of pharmaeeutlsala who are probably shipping PNYC00001510 Mr. B. I. Dvysr 3- Nsy 2, 1946 the increased production abroad. To a greater artant this laoraaaa is due to aaloa to axportara. Va do not directly axport. Va aall to tha exporter, the transaction being ban(Had tha Sana aa a domastlo tranaaotlon. Thara la a alsahla market vhloh probably trill last for a yaar or nora. Va hat o baan sailing our muffle furnaca oxide at tha regular donaatlo prioa of 7-1/M for oarleta. Baginning with tha first of May, our prioa will ba 8-1/M par pound or 1# par pound over tha donaatlo narkat. This has baan alaarad through tha legal staff and va have bean assured that va In no vay would ba violating OFA oelllag prleas or tha Xoblnsoa-Fatnan Act. While our doaestlo prioa Is 7-l/M nt tha present tine, our official calling price is 9-1/2#. Consequently, va could charge up to 9-1/2# without violating OFA calling prices. Furthermore, since tha sine oxlda Is being sold for axport. It 1s not being pur chased by a consumer In this oountry who vould ba In oempetltlon with another eonsumar paying 7-1/4# and for this reason thara Is no violation of tha Boblnson-Fatnan Act. Va have already booked 230,000 pounds at 8-1/4# for ship ment during May. It is quite likely that va ean beok at least an additional amount at tha sasw prise. This Increase la revenue should ba of considerable help to us at Bast Chicago and may favor ably affect our position to a considerable extant if va can gat sufficient volume of salos at this higher pries. Table lo. 5 gives tha average sales price par pound for sine oxlda for tha past three months. wn i Narch February January Average Salas Frlaa - Far Found 7.685# 7.751# 7.637# Tha average sales prlaa for March was not aa low as pre dicted, 7.50# per pound. For April, It should ho about the same as for March, 7.685#* Tabla lo. 6 gives s comparison of white lead sales for February and Narch of 1946 and the corresponding months of 1945. TASK BO. 6 1246 1945 March February 1,575,645 Lbs. 1,445,035 Lbs. 259,211 Lbs. 418,694 Lbs. pNtCO Hr. R. X. Dwyer -4- May a, 1946 Oar use of pi* load In the production of dry vhlto load during tho aooond quarter la United to 38-1/80 of the aaount used during tho flrat six months of 1944 or an annual basis off approxi mately 770. On tho other hand, tho demands upon us are tremendous due to the shortage of other pigments. Ve could sell tvlce as much dry vhlte lead If ve had It. Dry vhlte lead sales for April will he about 1,000,000 pounds. They reached this level only because ve liquidated our stocks at Sast Chicago and to a considerable extent those In out lying varehouses. One day last veek ve had only S3 tons of all grades In stock at Bast Chicago. Total stocks In outlying vare houses are only about 125 tons. Table lo. 7 gives the sales of vhlte lead year to date through March of 1946 and 1945. TABU RO. 7 1946 1945 Sales Tear to Date - March 4,499,368 Lbs. 8,959,111 Lbs. Table Xo. 8 gives the average sales price per pound for dry vhlte lead for the past three months. TAin.m mo. a March February January Average Sales Prioe - Ter found 8.391# 8.4l4# 8.361# To summarise, sales of sine oxide continued the upvard trend that began vhea ve vent competitive on price In Septesiber of 1945 and this upvard trend Is expected to continue. The Increased revenue from the sale of sine oxide for expert at a price higher than the doawstle price Is expected to help our position at Rest Chicago soswvbat. Bespits the fact that the demand for dry vhlte lead Is Considerably In oxeess of the supply, our sales will bo lover due to the curtailment ef production by CFA. We have no Inventories to drav on as those in last Chicago and In outlying varehouses are practi cally depleted. Tory truly yours. F.X.lurlesssho cot Hr. Frederick Lalst Mr. F. 0. Case, Mr. 8. X. Johnson ,,000W