(Q) Should he speculate in cotton, grain or stocks to recoup
his losses?
(A) We find there will be the opportunity in all of these
commodities for one to recoup losses. Also the possibility
for further losses.
In that of grain, we find there will be in the near future a
decline with a fast cover of same, with a rising market for
few days.
In cotton, we find there will be the greater change in the
price of this, governed principally by following reports on
conditions that are now being given out. Some will be the
beneficial, or the bear market, but the general trend will be
the up grade, for we will find that again will the market be
in the up trend on this commodity for several, several, days,
with sudden rise and fall.
From the stocks, there are many that will find the sudden
rise and fall in the next ten days. Many will be near
normal, with the gradual breaking to lower grades.
Then, we would give on this condition, there are
opportunities. These must be taken, or left, as the
individual decides within his own mind. Not from this source
should these be used as speculative, save as the general
trend of same.
(Q) What should he do about Frank Shoenfeld?
(A) We don't get the connection at the present time, for we
haven't the location here of Frank Shoenfeld. That's not in
the mind of [
3818] at the present moment [See
3818-2, Par.
3-A].
(Q) Will he have any trouble on International Lamp?
(A) There promises to be some conditions that will savor of
disturbing conditions. This, as we have given, will work
itself to the better conditions. Do not worry over the final
outcome of these conditions. There are some that must be
met, and papers that must again be passed that will give the
present management in same to have the opportunity to
recuperate and work out the development of same. There needs
be no worries, for the conditions will be met as they arise.
(Q) What should he do on present proposition to equip paper
mill in Chicago?
(A) These we find are in very good conditions at present,
and he should, [
3818], go about to purchase the contemplated
site for same, and prepare to make necessary arrangements for
the equipping of same, for this can be accomplished in part
through the leads as given from Chicago and New York.
(Q) What would be the outcome of overcoat proposition at
Boone Mills?
(A) Not sufficiently developed as yet to give the outcome
of this. These will prove, as we get (from the present
conditions we get, however), very satisfactory.
(Q) What should he do about Mr. Stratton?
(A) Don't get Stratton.
(Q) What should he do about Mr. Hayward?
(A) These conditions must of necessity be taken care of.
(Q) Should he make deal with Mr. Litsinger?
(A) We don't get it as such, though in some respects would
be satisfactory, but we don't get it as such as being made
with at present.
(Q) Should he buy Boone Stock now, or when?
(A) Very soon - yes, for we will have a rise market in Boone
Stock.
(Q) Will Mr. Bryant, President of Pullman Trust & Savings
Bank, be useful to him in his present plans?
(A) He will.
(Q) Shall he consider Fred C. Bristol & Company in his
present plans?
(A) Always to be considered. As to how much, and the
present relations, we don't get those.
(Q) Will Sharpker Stuart & Company be useful to him in his
present plans?
(A) There are others that would be more useful than Sharpker
Stuart & Company. All may be used to some extent.
In the summing up of all conditions that we find, this is the
better condition: Using some of the better friends in the
present conditions to cover in the exchange on stocks, or
commodities, this body, [
3818] may suddenly come to the
change necessary to recuperate many losses.
We are through for the present.
BACKGROUND
See
3818-2 through
3818-4.
9/03/24 He submitted questions.
REPORTS
2/17/25 Mr. [
3818] died suddenly of a heart attack.



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