Document pdKG1agGmb7pzmqE8Rg1g1m7

Philadelphia, Pa., May 17, 1**3, <? V. Gardiner, President 3. P. 8#evea, flea President A. X. Wilson, Via# PmidMl Leonard f. Beale, Director The meeting was called te order by Mr* J V. Gardiner, who presided, and Mr, A. M* Wilaea reported the minaiee of the meeting. The minutes of the meeting of May 10, were read and approved. Mr. Reeves reported the following comparative figures for the flret fear monthe of 1**8 and 1**3, ineladiag estimated taxes bat without ineluding Mew lark overhead! April First four months 1**3 - profit 1**3 - profit *31,333.33 87,387.03 1**3 - profit 1**8 - profit #*Q,3l8*.*3 **,<>2*.jf Mr* Gardiner discussed Mr. Rockwell's letter to hin regarding the elosing down of onr White-Lead ataek yard* This subject will bo Sfvoa aaroful oonsidsr&tlon in anticipation of the nesting r* Reokwell has called. Mr. Wilson read a lattar from Mr. Warehow, dated May 1|, in whieh Mr. Warahow agreed that wo had fellewsd a wisa policy in maintaining as much as possible oar Linseed Oil volume, oven though the margin may, not bo so largo, as fmarly, on the basis that the decline in Whit e-Lead sales mauaes the Linseed Oil fiepartment to boar an evar increasing share of the branch overhead. General business conditions ware discussed, Mr. Wilson submitted the regular weekly report of shipments for the period ending May 7. There being no further business, upon motion the meeting adjourned* XT' . ng Secretary