Document 62QLnkzjY9BqbgMGwG0mQ1J6

Philadelphia, Pa May 19, 1941 At a ragulor tMtiii * the Streetor of John f * Lewie * Bros. Co. held this top In their offices in the Widenr Building, there were present# 9* Freneh Beeves, flee President A. K. Illson, flee President Morris B. Merritt, Secretary Leonard f* Beale, Director The nesting was called to order by Mr* s. F. Beeves, who presided in the absence of both Hr. S. P. Beale and Mr, J* W. Gardiner. The sinutes of the neeting were reported by hr. Morris B. Kerritt* The ninittes ef our sooting of Kay 12 wora read and approved. Hr. Beeves reported the following eoaparative figures for the first four; months of 1940 and lf4l, without including any Bow fork overhead} April 1941 - Profit #92,549.29 April 1940 - * 29,993.87 lot 4 nontha 1941 - Profit #152,802.52 lot 4 nontha 1940 - * 7,199.05 In View of present basinete conditions, the labor rates at our factory wora discussed, but it was felt that nothing should bo done at the present tine, although eonathing nay ba necoasary inthe not far distent future. Hr* Beeves reported that Hr.Belchhard had recommended our Increas ing our corroding stack capacity 150 tone per week for four wooks, beginning immediately. This is duo to the fast that thara appears to ho a shortage of sine oxide and it is felt that there will therefore he a considerably increased demand far white-lead. Hr.Beeves explained that Hr. Mayer visited our factory last week end very serious consideration is being given to the purchase ef electric power from the Philadelphia Electric Company. There being no further business, upon motion the mooting adjourned. Secretary. N 27131 HI 000041082