(Q) What shall Mr. [
4636] do regarding the Star City Coal
Mining Corporation receivership at Shelburn, Indiana? How
may he realize on the bonds now held in this company?
(A) We find in this condition there are honest preparations
being made for the handling of conditions. That is, through
the receivership efforts there will be the honest effort
to prevent the disintegration of the developments as have
been done by this corporation, and that, the bonds, may be
disposed of in a manner that would be satisfactory. This
we find might be accomplished in Memphis, Tenn., with one
Charles Smith, and the conditions as now exist with [
4636]
regarding these conditions, with this honest effort as will
be put forth by this company, we would say these will be
satisfactory a little farther along.
There have been some conditions quite unsatisfactory that
have brought about the existing conditions, and from a
two-fold source, yet the developments, the operations,
can be handled in such a manner as to be very remunerative
to all concerned. These bonds will reach their normal
valuation again, and in time be above the par.
(Q) What shall Mr. [
4636] do regarding Boone Wollen Mill
stock in Chicago, Ill.?
(A) In this we find that there will be a new low level for
a few days. Then with the gradual rise we would buy stock,
for the market will show the fluctuations and this may be
made into a good investment for the new developments with
organization will be quite beneficial to those holding the
stock. Should be, however, in the position to pool holdings
when necessary. We would say buy at low level, sell at the
high when passed 17 5/8.
(Q) What shall he do in regard to Western Public Service
Company's contract at Colorado Springs, Colorado?
(A) There are some conditions regarding these conditions;
that is, the contract, that are not entirely satisfactory.
These may be straightened out. There are individuals that,
with the developments of other interests in this portion of
the country, see this chance of a new kind of contract for
utility service. This would not be good to let it pass,
yet there would be conditions under which it would not be
well to continue in same. This could be better judged by
developments. Watch the action and movements of (yes, there
are individuals in Chicago and in Denver interested in these
contracts) these.
(Q) What shall he do regarding the Indianapolis Light and
Heat Company's stock in Indiana?
(A) These may be obtained, and we will find that there will
be some extras to be paid for the obtaining of same. Be
warned of these individuals, yet this would be well to obtain
these and may be accomplished on the second day of August,
not before.
(Q) Will 17 5/8 remain high on Boome for a long time?
(A) No, there will be changes. These as the days opening
as 15 5/8, you see, going to 17 5/8 and advancing on the
general. 16 1/4 - we have had a fluctuation of a whole point
in the last change with the numbers of changing mounting
higher as these fluctuate and change. We will have a greater
difference. Hence these are given as quotations of stock
market reports only as the stock for investment. Keep those
so they may be pooled with those in a change. One is as
a speculation, one is as an investment. They change as
notations, as speculative.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation