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COMMITTEE EXHIBIT No. 52, FEBRUARY 20, 1934

ANDREWS, SEVENTEEN EAST FORTY-FIFTH STREET, NEW YORK, N.Y.

JANUARY 31, 1931. Mr. CHARLES WRIGHT,

30 Broad Street, 'New York City. DEAR MR. WRIGHT: In consideration of One Dollar ($1.00) herewith paid us, we give you herewith an option on twenty five thousand (25,000) shares of Budd Wheel Co. Common stock, as follows:

5 000 shares at $10.00 per share, if taken up on or before February 9th, 1931. 5,000 shares at $10.50 per share, if taken up on or before February 16th, 1931. 5,000 shares at $11.00 per share, if taken up on or before February 24th, 1931. 5,000 shares at $11.50 per share, if taken up on or before March 2nd, 1931. 5,000 shares at $12.00 per share, if taken up on or before March 9th, 1931.

All deliveries to be made in units of not less than 100 shares, will be made by Central Hanover Bk. & Tr. Co., 42nd Street Branch, against payment.

Failure to exercise any one of the options at the price and by the time stipulated cancels all succeeding option. It is understood that the take-up of the first 5,000 shares must be confirmed on or before Saturday, February 7th, 1931. Yours very truly,

A. M. ANDREWS INVESTMENT CORP.

A. M. ANDREWS, Treasurer.
Accepted :

COMMITTEE EXHIBIT No. 53, FEBRUARY 20, 1934

MARCH 3, 1931. For MR. CHARLES WRIGHT, Central Hanover Bank & Trust Co.,

40 East 42nd St., New York City. GENTLEMEN : From the stock which you are holding in safekeeping for our account, please deliver to Mr. Charles Wright, Wright & Sexton, 30 Broad Street, New York City, all or any part of ten thousand (10,000) shares of Trans Lux Daylight Picture Screen Corpn. stock any time on or before March 30, 1931, against payment at ten dollars ($10.00) per share. Very truly yours,

A. M. ANDREWS INVESTMENT CORP.
A. M. ANDREWS, Treasurer.

COMMITTEE EXHIBIT No. 54, FEBRUARY 20, 1934

W. R. K. TAYLOR & COMPANY,

49 Wall Street, New York, July 31, 1931. WBIGHT & SEXTON,

1 Wall Street, New York City. GENTLEMEN : Confirming our conversation with you, we have today opened an account on our books designated as the Lily-Tulip Cup Corporation Trading Group Account. The account is formed with a maximum liability of 5,000 shares, in which you have accepted a participation of 1500 shares, representing 50%. The account has nurchased 1,000 shares at a cost of $24,316.64.

A memorandum statement of all subsequent transactions will be mailed to each par icipant every Monday giving a record of the transactions together with the position of the account.

Kindly signify your acceptance by signing and returning to us the enclosed duplicate of this letter, retaining the original for your files. Very truly yours,

W. R. K. TAYLOR CO.
WJD: DEC
Accpted :

COMMITTEE EXHIBIT No. 55. FEBRUARY 20, 1934

REDMOND & Co.

48 Wall Street, Yer York, August 21, 1931. Vessrs. Wright & SEXTON,

30 Broad Street, Nero York, N.Y. Attention : Charles C. Wright, Esq. GENTLEMEN : Referring to our letter of August 19, 1931, in which we are you an order to sell for our account certain shares of the Petroleum Corporati a of America Capital Stock, we wish to correct the prices at which sid orde. Tas given, to be executed as follows:

1,000 shares at $8.25 per share
5,000 shares at $8.50 per share
5,000 shares at $8.75 per share
5,000 shares at $9.00 per share
5,000 shares at $9.25 per share
5,000 shares at $9.50 per share
3,000 shares at $9.75 per share
5,000 shares at 10.25 per share

10,000 shares at 10.50 per share. All other terms and conditions as specified in the above mentioned letter are to remain the same as heretofore. Youre very truly,

REDMOND & Co Accepted:

Messrs. REDMOND & Co.,

AUGUST 21, 1931. 48 Wall Street, New York, N.Y. GENTLEMEN: On August 19, 1931, you gave us an order to sell fifty thousand (50,000) shares of the Capital Stock of the Petroleum Corporation of America at certain prices, which prices have been corrected by : Urcer today's dait. It is hereby agreed between us that you may, with our consent, give an oruci to Messrs. M. J. Meehan & Co. to sell all or any part of fifteen thousand (15,000) shares of the above mentioned stock, in amounts and prices as follows:

2,500 shares at 914
2,500 shares at 942
2.500 shares at 994
5,000 shares at 10

2,500 shares at 1044 Messers. M. J. Meehan & Co. will agree to pay you forty per cent (40€) of any profits which they make in connection with these sales, if any, and will agree that Redmond & Co. shall not be responsible for any loss which mias occur through such sales.

It is understood that you will forward to us one-half of any profits you may receive from Messrs. M. J. Meehan & Co.'s sales.

Yours very truly

REDMOND & Co.,

48 Wall Street, New York, August 7, 1931. Messrs. WRIGHT & SEXTON,

30 Broad Street, Neir York, N.Y. Attention: CHARLES C. WRIGHT, Esq.

Dear Sirs: “ We confirm our understanding that we have given you ar order (the execution of any part of which is optional with you) to sell for our account all or any part of fifty thousand (50,000) shares of Petroleum Corporation of American Capital Stock in amounts and prices as follows:

5,000 shares at $6.75 per share 5,000 shares at 7.00 per share 10,000 shares at 7.25 per share 10,000 shares at 7.50 per share 10,000 shares at 7.75 per share 10,000 shares at 8.00 per share

“ It is understood that the above prices are to be net to us and that this rder is to expire at 12 o'clock noon on Saturd:ay, August 15, 1931. Certificates or these shares will be delivered to you or your nominee upon one day's notice nd upon payment of the aforesaid prices therefor at our office at #48 Wall treet, New York City.

It is further understood that upon the expiration of this order, as above oted, you will forward to us one half of any profits which you may realize hrough the sale of these shares and it is also understood that Redmond & Co. hall not be responsible for any loss which may occur through such sales. Yours very truly,

REDMOND & Co.

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AUGUST 18, 1931. Messrs. WRIGHT & SEXTON,

30 Broad Street, New York, New York. Attention: Charles C. Wright, Esq.

DEAB SIRS : Referring to our letter of August 7th giving you an order to sell for our account shares of Petroleum Corporation of America Capital Stock at various prices, and to our verbal understanding extending the agreement on terms of said letter to 12:00 o'clock noon, Eastern Daylight Saving Time, August 22, 1931, we wish to confirm the fact that we have this day cancelled the order in part as follows:

5,000 shares to be sold at $6.75 per share
5,000

7.00
2,000

7.25 Redmond & Co. will make efforts to find purchasers for this stock and in consideration of your accepting this cancellation Redmond & Co. agrees to account to you for one-half of such price or prices as may be received for this stock in excess of the prices mentioned above.

It is further understood that you will not be responsible for any loss which may occur through such sales by Redmond & Co.

All of the other terms as outlined in our letter of August 7th are to remain in force until 12:00 noon, Eastern Daylight Saving Time, August 22, 1931.

Yours very truly,
ES: MA
Approved :

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AUGUST 19, 1931. Messrs. WRIGHT & SEXTON,

30 Broad Street, New York, N.Y. Attention : Charles C. Wright, Esq.

DEAR SIRS : We confirm our understanding that we have given you an order (the execution of any part of which is optional with you) to sell for our account all or any part of fifty thousand (50,000) shares of Petroleum Corporation of American Capital Stock in amounts and prices as follows:

5,000 shares at $8.75 per share
5,000

9.00
5,000

9.25 5,000

9.50
5,000

9.75
5,000
5,000
5,000
5,000

• 10.75 5,000 It is understood that the above prices are to be net to us and that this order is to expire at the close of business on Friday, August 28, 1931. Certificates for these shares will be delivered to you or your nominee upon one day's notice and upon payment of the aforesaid prices therefor at our office at #48 Wall Street, New York City.

It is further understood that upon the expiration of this order, as above noted, you will forward to us one half of any profits which you may realize

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" 10.00 “ 10.25 “ 10.50

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“ 11.00

through the sale of these shares and it is also understood that Redmond & C. shall not be responsible for any loss which may occur through such sales.

This order is in addition to the order given to you under date of Auzust i. 1931. Yours very truly,

REDMOND & Co. Accepted :

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COMMISSION EXHIBIT No. 56, FEBRUARY 20, 1934

REDMOND & Co.,

48 Wall St., New York, August 25, 1931. Messrs. WRIGHT & SEXTON,

30 Broad Street, New York, N.Y.

Attention : Charles C. Wright, Esq. GENTLEMEN : We are pleased to confirm sale to you of fifteen thousand (15.000) shares of the Capitol Stock of the Transamerica Corporation to be delivered by us to you on August 26, 1931, at $7.00 per share net to you

We confirm our understanding that we have given you an order (the erecttion of any part of which is optional with you) to sell for our account all or any part of one hundred and eighty-five thousand (185,000) shares of the Capital Stock of the Transamerica Corporation in amounts and at prices is follows:

15,000 shares at 744
15,000

742
15,000
15,000

8
15,000
20,000

842
20,000
20,000

9
25,000

942 25,000

10 It is understood that the above prices are to be net to us and that this order is to expire at noon on September 5, 1931.

It is further understood that in the event that you sell the first 30,000 shares, as indicated above, before noon of September 5, 1931, the order for the balance shall be extended to the close of business September 22, 1931; and it is further understood that in the event that you sell the second 65,000 shares, as indicated above, before the close of business September 22, 1931, the order for the balance shall be extended to the close of business October 6, 1931.

It is understood that certificates will be delivered to you or your nomine upon one day's notice and upon payment of the aforesaid prices therefor at our office at #48 Wall Street, New York City.

It is further understood that upon the expiration of this order, as above noted, you will forward to us forty-per cent (40%) of any profits which you may realize through the sale of these shares and it is also understood that Redmond & Co. shall not be responsible for any loss which may occur throagh such sales. Yours very truly,

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REDMOND & Co. Accented :

(Signed) WM. W. SEITON.

COMMITTE EXHIBIT No. 57, FEBRUARY 20, 1934

W. R. K. TAYLOR & Co.,

49 Wall Street, New York, October 21, 1981. Messrs. WRIGHT & SEXTON,

1 Wall Street, New York City. GENTLEMEN: We have formed an account to purchase and sell the capital stock of the American Machine & Foundry Company. The account will be carried in our office under the name of American Machine & Foundry Syndicate Account and is to run for a period of sixty days from date, expiring December

20th, 1931. The total maximum liability of this account is 20,000 shares. The account has purchased a total of 3,700 shares for $82,648.10, or at an average price of approximately $22.33. We are giving this account the following option:

8,200 shares @ $23 per share, good for 30 days, expiring at 3:00 p.m.

November 20th, 1931. You have been allotted a 30% participation in this account and we are making an initial call of $5.00 per share on your total commitment. Your participation amounts to 6,000 shares and, accordingly, we are charging your account $30,000 to cover this initial call.

Kindly signify your acceptance by signing and returning to us the enclosed duplicate of this letter, retaining the original for your files. Yours very truly,

W. R. K. TAYLOR & Co. WJG: DEC Accepted :

W. R. K. TAYLOR & Co.,

49 Wall Street, New York, October 10, 1931. WRIGHT & SEXTON,

30 Broad Street, New York City. GENTLEMEN : We are forming an account to purchase and sell or otherwise trade in common capital stock of the American Machine & Foundry Co., the account to be carried in our office under the style and name of "American Machine & Foundry Co. Trading Group Account." The account is to run for a period of sixty days from date, expiring May 10, 1931. The total maximum liability of this account is 6,000 shares.

The account was purchased 3,400 shares at $40.00 per share.
We are giving this account the following options:

10,000 shares @ 3842, expiring at 3:00 p.m. April 12, 1931 ;
10,000 shares @ 40, expiring at 3:00 p.m. April 12, 1931 ;
10,000 shares @ 40, expiring at 3:00 p.m. April 9, 1931 ; (the last named

option being given subject to our receipt through the mail tonight

of an option on a like number of shares)
7,000 shares @ 41, expiring at 3:00 p.m. May 10, 1931 ;

1,000 shares @ 45, expiring at 3:00 p.m. May 10, 1931. You have been allotted a 30% participation in this account. Kindly signify your acceptance by signing and returning to us the enclosed duplicate of this letter, retaining the original for your files. Very truly yours,

W. R. K. TAYLOR Co. Accepted :

WJG: DEC enc.

WRIGHT & SEXTON,

MARCH 26, 1931, 30 Broad Street, New York City. GENTLEMEN : Referring to our letter to you under date of March 10th, 1931, in reference to the American Machine & Foundry Co. Trading Group Account, which account became a joint account of Wright & Sexton and ourselves under date of March 16th, 1931, by the withdrawal of Messrs. Ladenburg, Thalmann & Co., we confirm the sale to this account of 10,000 shares American Machine & Foundry at $37.50 per share net.

We have also given this account an option to purchase from us 10,000 shares American Machine & Foundry Co. at $39.00 per share, good for thirty days froin date, expiring at 3:00 p.m., April 25th, 1931.

In view of the above, we confirm that we have cancelled the following options given to this account under date of March 10th, 1931 : 10,000 shares at $38.50 expiring at 3:00 p.m. April 12th, 1931; 10,000 shares at $40.00, expiring at 3:00 p.m. April 12th, 1931.

Very truly yours,
WJG: DEC

W. R. K. TAYLOR CO. Accepted :

175541—34, Pt. 13—- --21

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