12/29/37 [
826]'s letter to HLC:
Washington, D.C.,
... St., N.W.
Dear Hugh Lynn:
With regard to our telephone conversation of yesterday, I
decided I had better write to you in order to make perfectly
clear what I want in the readings.
In 1921, there was in existence in New York city, an
organization known, I think, as the Bureau of Economic
Research. The organization, or the man who was the
organization, had a letter service through which to
subscribers he advised them what the stock market was
likely to do. He said that the methods he used were based on
a pure mathematical formula. And he was very good, being
able, in general, to say when supply in stocks were beginning
to overcome demand, and vice versa. However, after a few
months, he discontinued the service and presumably went out
of business. It was my desire to see in a reading if we
couldn't find out what the mathematical formula was which he
used.
At present, there is a man in New York City, who has a
similar service, now in existence, and makes forecasts based
on somewhat the same principles. He has written a book
telling to some extent how he does it, but he has withheld
the methods he uses to determine the supply and demand areas.
If possible I would like to get a reading explaining the
formula which he uses.
Then there is another man in New York City who is a very
successful speculator, not only in stocks but also in
commodities. I would like to get a reading on the methods
which he uses.
I am not sure whether you folks would want to give a research
reading of this kind or not. If it is done, it should be
kept strictly secret that such a kind of reading was given.
I would think. It may be that the reading on the operator in
1921 would be more desirable because of being a past event
which is finished. As to that, I do not know.
Well, you folks know what you think desirable to do. I have
already learned how to forecast the long trend of the
market, that is, a movement extending more than three months.
The information which I seek would help me to get nearer the
exact highs and lows of long moves, but particularly it would
help in short swings in the market like those since October
19, 1937, and many which occur throughout the year. It is my
opinion that in the work which I want to do, as well as that
which you folks are striving for, it will be necessary for us
to acquire money. It seems that if a man controls enough
money, the whole world will listen to him, and the newspapers
write what he says in large headlines. But if he merely has
knowledge, nobody hears or listens to him. I have already
learned enough about the long trend of the market, the
movements over three months, that I believe without question
in a few years, five or ten, I will acquire considerable
fortune. But if in addition to this knowledge, I could
secure the knowledge enabling me to forecast the short
movements of a week to three months, this would probably
double or more my power to acquire money. If we can get
sufficient money, we won't have to depend upon men and
organizations in high position to carry out our aims. That
method, I am afraid, while probably effective over a long
period of time, may be rather slow and uncertain.
I hope all of you had a delightful Christmas, and will have a
good New Year. If you decide to give the readings, I would
like to get three together if I could and if the reading will
give us any information. It is my intention to drive down
there so that I can be there and ask questions.
[
826]
1/04/38 HLC's letter to [
826]:
Upon my return to the Beach after a few days absence I
learned that you had talked with Miss Davis about your
readings and definite plans made to try them.
This is to confirm the dates for these readings. We are
holding Monday morning and afternoon and Tuesday morning.
The use of the two latter periods will depend upon the
success and trend of the first reading.
My father does not feel that you will be able to secure
anything on the systems used by others but thinks you may be
assisted to develop a system of your own. In any case he is
willing to try the reading for you and I will be glad to work
over the suggestions and questions with you.
The question of the value and use of such information has
arisen before with members of our old association. It is
going to be necessary to take some stand on policy and I am
glad that we may begin with you.
Sincerely, Hugh Lynn Cayce
1/10/38 See
826-9.



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