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407

915 Union Trust Building,
Detroit, Michigan, 
February 5th, 1907.

Mr. E. J. Ruelbach,
Care, A. C. & Fdry Co.,
St. Louis, Mo.

Dear Mr. Ruelbach:-

Complying with the request contained in your letter of the 30th ult., I sent through the Bank here, to the Mercantile Trust Co. of New York, your certificate for 25 shares Pfd. Stock of Magnus Metal Co. under the agreement contained in the Messrs. Hewitt's circular letter of January 21st.

The signatures on the certificate required the guarantee of some bank, hence the reason for sending it through the Bank. Upon the receipt of the certificate from the Mercantile Trust Co. covering the stock, I shall advise you.

Very truly yours,
JM Kennedy