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OAL:R 3 East 51st Street New York, New York September 21st, 1938 Dear Mr. Séligmann: MR. EDGAR -- Sold 100 shares Kennecott Copper at 41. CHAUNCEY McCORMICK -- I certainly am happy to report, as per my cable, that this transaction has come to a most satisfactory conclusion. Please find copy of Mr. McCormick's letter enclosed. Check deposited with J. P. Morgan & Company, New York. Yours very faithfully, Germain Séligmann, Esq. 9, Rue de la Paix Paris, France