Document XE3x0MZ9OOeL7ZK2B0k7MNjG

Philadelphia, Pa. Sasaury If, If40 The Annual Meeting of the Stockholders of John T. Lowis * Bros, compa cp woo hold this; imp at the offices of the Company. Mr Sopoto B. Harr itIs aeted as Seerotary of tho matting. The almutas of ear aootiag of January 16, 1959 were road sad approved* Mr. Xmoves reported comparative figaroa for tho first elevea aoaths of 19}$ as eeaparod with the first eleven aoaths darlag the tea year avers go 1950 to 1919. Sot Profits 11 ahatho 1999 - - --------- - - approx. *400,000.00 Sot Pjjfofite 11 maathai - It year average- approx* 517,000.00 or 1919 IS *6* ahsad Salas for 12 aoatho 1919 (to trade)- ------ *4,471.000.00 Sales fisr 12 months - 10 peer average (to troio) 4,26},000.00 or *aim la 1^59 of 5* 12 aoatho 1999 ------------ 28,69 tone 11 b o b the . - 10 peer average- - - - - - 24,824 teas la ia 1999 of It* Sr. iordiaar submitted figaree showing direct sales to Branches, Agents, 8. Oevhraaeat end Ind metrial Coaoorae oe follows: 1997 19 9 1959 561 6$0 6496 Amenta 46 7$ 6091 5459 ovornaent 5$ 581 755 Industrie 1 466 228 522 Be explained that daring the eoalag pear we expeet to wake a farther drive ea ladastrial sales had Seles to overaaent Agencies. The ready-mixed paint people ere mow beeeaing eoaseioae that wa hera influenced sales to tho C. S. Covoraaoat. Be also reported that eoae of oar agents have mow started papiag their aalesaea a eoaaieaiea to aall white-lead, nhleh ought to help as. chain aalliag ia defiaitelp on tho iaoroaae. So ero asking aeao progross la selling raw materials to paint grinders whose selling is besoming mere aggressive. On motion node by Mr. Leonard T. Beale sad seconded Rockwell, the following Directors were nominated: Mr. fleteher 9. rd P. Beale ard T. Bsale gar&iaer a h ;. Merritt ash Beeves her W. Rockwall 1ft Bewe On motion made bp Mr, Fletcher W. Rockwell sad seconded bp Hr. Sdward F. Boale, Mr. B. T Varahew was nominated as Certified Public Accountant for the John T, Lewie ik Bros. Company during the coming pear, in order to comply with the new PenneyIrania state regulations. Philadelphia, Fa. JTtBi7 I$| if46* 6a motion aade by Mx*. Leonard ? Bolo a ad aeooadad by Hr. 8. Franeh , Ro o t s *, the MaiMlUit tor Dlroetor* aad Certified tealia Aoeouatant wore eleeed. A abatement by Mr. U, Bran* Shell, who had qualified before a notary aa fudge of xleebiea, pa a read eanenneing that tha following wetea had baaa eaets ISward f* Baala.................f ahara* rtatofcar V. *aekweaJ......*.*....f * . S* Kremeh Raaraa**,* !.******-* IF * J. i* ia!pdla*.....I " Harria s. Karritli...<,..........5 * Leaner* f* Beale*.!**..*.#**.****f * 8? yroxy-Batioaal Load ee....*.4f45 8....... fatal........................tfff aharaw and that tha aaraa filraatara neminated abewe had baaa unanimously alaatad. Thara being aa farther buaineaa, aa median tha meeting adjourned. * NL 000041164