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In going over last year's records by our Auditing Committee, we have been informed that you still hold stocks and other securities in the following companies: AMERICAN CAN, NATURAL WATER, & CONFINED GAS.

Under the present market fluctuations and depressions, we sincerely advise you to sit tight on the can, hold your water, and at the same time, let go of the gas.

At this writing, we wish to advise you that Northern Tissue touched a new bottom today and, on the hole, many were wiped out.

Yours very truly,

G. Myas Hertz, President
Pull Chain And Flush Company