I am writing to clarify some incorrect impressions that may have been created by comments reported in a news story and ``forum'' piece regarding the potential for adding scrap tire products to the Chicago Board of Trade (CBOT) ``Recovered Materials Cash Market.'' The CBOT and National Recycling Coalition have worked closely with several groups of market participants to design a system that targets selected commodities from the municipal solid waste stream.
The planned CBOT market, a screen-based buyer-seller information system along with a rule system for resolving commercial disputes, will focus first on trading in recovered plastics and glass.
Your reporter did a fine job of describing the planned CBOT market system. However, it is not the case that the CBOT market will focus on scrap tire materials, nor have we been ``working on'' such an effort.
After the CBOT/NRC team successfully launches the market for our initial targeted commodities, we will explore the addition of other commodities.
Before adding other commodities, we will first evaluate whether the CBOT market can effectively serve the target audience given each industry's unique business practices and quality control procedures.
We would be happy to discuss this further with you and we ask that you give us a call before running related stories.
Thanks for allowing us to make this clarification.
Michael J. Walsh
Chicago Board of Trade
Editor's note: Michael Blumenthal, executive director of the Scrap Tire Management Council, was quoted in a Dec. 12 article as saying that scrap-tire-derived materials would be included in the planned CBOT market listings once the initial program for recycled plastics and glass is on-line by mid-year.
Needs association contacts
As a distributor in the Rocky Mountain region, I wish to join the tire dealers associations of Colorado, Kansas, Nebraska and Wyoming. Could you supply me with the names and phone numbers of the people to call for information on joining?
Prime Wheel of Denver
Editor's note: We have supplied Mr. Richard with the information he requested. Others looking for association addresses and contact names will find a complete listing of them in the association directory section of the Nov. 14, 1994, MarketData Book issue of TIRE BUSINESS.
Wants more subscriptions
I'm on a plane riding out to the Michelin Americas Small Tires Super Bowl Party in San Diego. I've just finished reading the Jan. 23 issue of TIRE BUSINESS from cover to cover. It was superb.
I would like all the officers of our company to receive the newspaper.
Captain Jerry Boyle
Englewood Tire Distributors
Editor's note: We have provided Mr. Boyle with information about a group subscription to TIRE BUSINESS, which gives those ordering five or more copies a discount off the regular rate of $50 per subscription. Others interested in learning more about group subscriptions should contact our circulation department at (800) 678-9595. Be sure to mention the group subscription program.
Recyclers deserve tax break
I believe companies involved in auto/tire recycling should receive tax breaks from the counties in which they operate. We are doing them a favor, instead, they try and tax us out of business.
John W. Morgan
Morgan Auto Parts Inc.