Document 0LqRZqYaY118zKqdxOdG9kv9V

Philadelphia, Fa. September 8, 1981. At a regular Mating of tha Dlreetore of debs f. Lawl# b Bros. Co. hold this day in their offieoa in the Vidanor Building, ttiara aero presentt Edward f... Saale, Ohairnan of the Board d* I.,ardimer, Fraaidant 8* Pronefe Heaves, Piise President A* i^ Wilaow, fioa President ' ; H. . Merritt, Secretary Lb#nNI t, Beale, Streeter fba Mating Was called to ardor by Mr. Sdward F. 8aala, who preeidad, and Mr, Morri* B, llarrltt raportad tha ninntaa of tha Mating. The nimates of ear nesting of Saptanbar 3 wora road and approved. dr. Onrdinar reported that ha understands pig load will probably ba on a priority batiii- within th next thirty days and that wa ara tharefora not interaster An new <?uste*ere. Ha alao rapartad that taohniaal oenplioatiena indicate onr growing lack of intaraat. 4d^:i:tha!8a|t>a*taa:'apooial linaood oils. Mr. Roevee bronght np tha foot that if wa diaaontinna tha painting of yallow iripdn.;#i!t mur llnaaad oil drnns that do oan probably save botwaan llliz&nlt J20,,o:: ca. tiXLTLVtZ?- tt w" t0 Mr. Baevas oallod attention to the fact that wa have not carried any Usci Jmd Occupancy insurance since Haroh 1931.' Thia insurance would dent about $15@,0O p#r yaar. '! Bow#war, it waa fait that thara was no nood for ns to *n|rd|^|wrknsa we have not been carrying it far tha past Mr. Wilsen presented a survey on tha operation of tbo Linaood Oil Dapart- Mt for Firet seven nontha of 1981. Daring April, May, June and duly 1981 wo tad oil on tho ontaido narkot in ordar to aapply ear euston because thay cane on tts very heavily all at ona tint, partly ihe Biabaa strike. That# outside purchases, aada at enrrant resulted in ja loot of $30,897.66, Mr. Wilson did not ' bdan oversold bacausa we only had 1,713*886 pounds on Xareh 1st, and that would reproaent 73 days pro- -4 specify neats*. tinsa. It that a good deal of onr trouble was dua to tho fern ract and Mr. Wilson will explore tho possibility ef aet "Salivary in appraxlnata equal monthly instalaad supply wad adequate to cover commitments at all Tha regular weakly report of shipments for tho week ending Septsaber 5 was submitted.; Thara being a further bualnoos, upon notion tho Mating adjournad. ^Secretary