Document peMabZ2Le2Jk471RakJzNKRvE

DIRECTORS' MEETING New York, N. Y. April 11, 1S33. A meeting of the Board of Directors was held at the Waldorf-Astoria Hotel, New York City, on Wednesday, April 1?, 133, at 2:43 F. M. Present: Representing: Ciint on H. Crone, Chairman 2. A. Behr V M. Roosevelt R. I.:. Evans Iv an Reitler ?. E. Sprague 11. Carter r U A. McCarthy *H Y. Robertson St. Jooeoh Lead Co. American Smelting * Refining Co. Eagle-Picher Lead Co. Evans Lead Co. Federated Metals Coro. Metals Refining Co. national Lead Co. United Metals Selling Co. United States oneltinr Refininn me Minium Co. F. Z.Wormser - Secretary. President Clinton H. Crane occupied the chair. The minutes of the previous meetinn were approved. Moved and seconded that the Secretary cast one hallo for the outgoing officers, who, being eligible, offer them selves for re-election. Motion carried. The Secretary reported, on behalf of the Pig Lead Sales Report Committee, that it had recommended several im portant changes in the method of collecting and publishing the Weekly Pig Lend Sales data, as follows: 1. To include a column entitled "Intra-Company" soles. N 586 2. To divide the present "liarket" column into two parts, one column entitled, "Hr.rket" to include those sales no ae from day to day in the open mar ket on. a price agreed upon at the tine of negotia tion, and a column entitled "Average" to include those new open market sal-s which are settled on an average trice basis. 3. It was recommended that a monthly supplement be published to the .Yeekly Pig Lead Sales Report which would include the tonnage actually shipped by members each month and the unfilled orders on the books of the reporting cumber comtanies at the end of each month. Inasmuch as these changes, with the exception of No. 3, had been agreed upon in Committee-by the reporting members, it was only necessary t: consider the third sug gested change. Hr. Behr requested a deferment of a decision on the matter-of collecting statistics covering .actual ship ments, which was granted, anc the following resolution, covering unfilled orders was moved, seconded and carried: RESOLVED THAT member companies contributing to the Pig Lead Sales Report, provide the Secretary, at the end of each month, with a total of the un- . filled orders on their books, consisting of lead held for customers' accounts at smelter, refinery or ware house and which has been sold and invoiced or paid for but not shipped during the month specified in the sales contracts - all these data to be combined and totals only published. In furtherance cf the President's suggestion . that the value and influence of the Lead Industries Associa tion could be increased by the addition of some of the lar ger manufacturers who are not now members, Hr. Cornell thought it might be helpful if the directors had before them a list --- 1 LIA00101 . a of a few companies which should support the Lead Industries Association, out were not now doing so. The Directors right, frou tins t: tine, endeavor to persuade then to Lee cue aoooci ted with this word. It wes sieved, seconded o.nc carried tnnt the Secrets prepare a list of those ccrpa..iee which the As ocistior. would particularly iik: to hove as member? and nrovice tho Director LIA00102