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       THE STUDEBAKER EXPORT CORPORATION 
           SOUTH BEND,INDIANA,USA

CABLE ADDRESS
"STUDEBAKER SOUTH BEND"
ALL STANDARD CODES USED
                        
                      July 8,1935


Jacques Seligmann & Co., Inc.
3 East 51st Street
New York City 

Dear Sirs:

Replying to Mr. Leon Loeb's letter of July 
1st, we are not in need of any space in 
Paris at this time.

We appreciate, however, having the opportunity called to our attention.

                 Very truly yours,

                  President.

ALF VS