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I wrote of this from New York thinking you might have something to invest from your rent or salary — if you can decide whether or not you wish to invest anything, [[strikethrough]] do so [[/strikethrough]] Steel Common should be bought before the middle of May, for stock bought by that time will catch the div. paid June 29, the books close on June 1st. I mention this again, as you may have forgotten it owing to your troublesome work on the music. Maconi wireless stock pays 7%.

As to the vacation, There are 22½ working days, in July & those are the ones that count as your leave. There are 31 days in July, count out 5 Sundays, 1 holiday, and 5 half Saturdays, that makes 8½ days to take out of 31, leaving 22½ days to count. You could begin to count your leave on the half [[strikethrough]] Saturday [[/strikethrough]] Friday June 30, & so get started and be able to reach home Monday July 3d, and then have all July & 8 days left for Xmas. I have not yet seen Miss Westcott she has been absent on her Easter vacation. I do not know quite how long you want to be home, and many other things about your wishes. As I wrote you I shall give you all the time so that we can be together, and go over masters.   I am copying your letters, that is all that

Transcription Notes:
Marconi wireless stock: became an insider-trading scandal