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^[[RS]]
[[preprinted]]
Anderson, Clayton & Co.
Houston, New Orleans, Atlanta, Boston, Memphis, Dallas, Mobile, Los Angeles, Savannah
Anderson, Clayton & Fleming
New York

Members
New York Cotton Exchange
New Orleans Cotton Exchange
Chicago Board of Trade
Liverpool Cotton Associations, Ltd

[[/preprinted]]

Houston, Texas
March 16th, 1938

Mr. Rene Seligmann,
Jacques Seligmann & Co., Inc.
3 East 51st Street,
New York, N.Y.

Dear Sir:

Your letter of March 12th to Mr. W.L. Clayton has been received during his absence from the city.

Mr. Clayton is expected to return sometime the latter part of March, when your letter will be called to his attention.

Yours very truly,
[[signature]] GM CLINE
Secretary to Mr. Clayton

GC-s