Document 4J9BZYoGjw24V6zBk31w9q201

Philadelphia , Pa* September IS, If3f At a regular meeting of the Siractors of John f. Lewis d Bros. Co. held thin day in their offices in the lidcncr Building, thore were presents Bdwart F. Beale, Chairman of the Beard S. French Beeves, Ties President and Treasurer J, t. Sardiaer, tie# President Morris B* Merritt, Secretary Leonard T. Beale, Director The meeting was called to order by Mr, gdward F. Beale, who preeidod, and Mr. Morris H. Morritt reported the minutes of the meeting. The minutes of ear mooting of Soptemhor 11 wore rood end approved. Hr. Beeves reported the following profite for the month of August If3? ami for the first eight months of lf|f as follows, without deducting: any Saw York office overheads l?3f Profit If3$ Profit ,mssx $36,6f4.25 20 312.81 Profit $218,938.31 Loos 108,067.23 f It was deelded to lend Mrs. 0. M. Sheall the earn of #100.00 with the understanding that it would ho paid baek at the rata of $10.00 per month. Mr* (lardinor reported that an announcement hna boon made to the trade that there will be no advance in the priao of dry white-load daring the fourth quarter of thin year. Thin action la caused by the feet that similar announcements have already been made by the manureeturers of titanox, lithepoae, nine oxide end leaded sine. At the sales conference in Sew York lest week the Lewie recommendation for a mew white-lead selling plan wee not eetaally adopted beenuse it was felt that the plan wan too drastic at the present time. However, a near differential was established far J00 pound end 1-ten purshesee. effective Tuesday, September 26, the pries of whito-loed will advoaoo l/2*r o pound. Mr. Gardiner also gave a report on the Hew York eelos meeting dissuasions. The regular weekly report of shipments wee submitted. Hr. Serdlaer called attention te the new attrition process for manu facturing oxides, which may be developed considerably during the next year or two and may affect our ova oxide business a groat deal. There being no further business, upon motion the meeting adjourned. Secretary.