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[[underlined]]Christie Manson & Woods.[[/underlined]]
13th February, 1939.


of showing the Tapestries to any casual buyer since last Summer as I do not wish the impression to circulate in the Art markets that the Tapestries are being hawked.

At the present moment markets are quiet in this country due I think largely to the shadow of the Budget, which is likely to be presented on or about the 17th of April next. There is generally in the country a somewhat gloomy anticipation of this event, but if the worst fears prove to be unfounded when the Budget has been presented, I think that we can look forward to a greater buoyancy in Trade.

I shall be happy to carry out any instructions with regard to the Tapestries that you may give me on Mr. Schiff's behalf, and in the meantime I will keep my eyes open for any reasonable opportunity of negotiating them.

Yours sincerely,

Germain Seligmann, Esq.,
Messrs. Jacques Seligmann & Co., Inc.,
3, East 51st Street,
New York.
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