Document wD4dBXr1b3BJJxaJ4ZXKODYb3

LEAD INDUSTRIES ASSOCIATION 420 LEXINGTON AVENUE NEW YORK 17, N. Y. May lh, 1952 SUBJECT: HR 7UU7-LIFO Tt> Masters of the Lead Industries ;.6sociation: On April 25, at the direction of the board of directors of the Lead Industries Association, we 3ent you a copy of HP. 7hL? concerned with cost or market inventory pricing for LIFO users, together with some explanatory com ments, No member of the Association has expressed opposition to this legislation and a number have expressed a keen desire for its passage. ye art new enclosing a reprint from the May 5 issue of STEEL, which ex plains the purpose of the legislation clearly and concisely. The bill is new in the hands of the 'lays and Moan? Committee of the House of Representatives and even though Congress ncy adjourn early, since this is an election year, it may receive consideration r.t this session, if there is sufficient demand for it and if it does not appear particularly controversial. Accordingly, any member who is anxious for the passage of this bill should communicate his wishes tc nis congressman and to the members of the Ways and Means Ccnraitto a la i\Ly those from nis section of the country. the co*r.Divt.ee N 3755