Document jmkOD9V5aRjoBVQv3zgEmng4O

Jai ryT /: 'X' **be v/Houiasttoonn ^*"1 / . . -'r^A ' RR-. *T*, CCllaarrkk iWt SStt.. LLoouuiiss M. J. Auzlne - st. Louis ,, Cx_j/ June 22, 1964 R.W.^Roten Alvin i ^-4t3`Dr"llsil,J!**/Pile &u ETHYLENE . fiOV ' cc sent 6-25-64 D.R. Goodfellow - Cleveland A.J. FranKel. - Alvin J. N, Flanagan R.IL,-Burneirt - St^-Louis_________ Ch^berJAjT - ^jfexas Clty^J) Houston / We have an obligation to Low to purchase 5*007 II lbs. during the period of Harch 1, 1965 and July 31* 1965* at a price of 4.754/lb. ($237.5 M). Ife presently owe to Dow in excess of 5.0 & lbs. of ethylene as our part of an ethylene for VCR exchange. Due to increased Internal demands and some lost production after turnaround, it would be to Monsanto*a interest to pur chase the 5.007 M lbs. aa early in the third quarter of 1964 as we can. This would mean that we owned 5*007 M lbs. in Low*s plant and could use this quantity to satisfy a portion of our obligation under our VCM/ethylene exchange. Thua avoiding any actual physical transfer of ethylene. Would you please present the above proposal to Dow. Perhaps stressing the fact that they would gain the use of $257.5 M for almost e year would interest them. JCB/ep J. C. Boles RSV0032148