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EDDLEMAN-POLLOK CO. INVESTMENT SECURITIES FIRST NATIONAL BANK BUILDING R. N. EDDLEMAN HOUSTON 2 ATWOOD 1427 LEWIS W. POLLOK October 1, 195+ Mr. I. H. Kempner c/o H. Kempner & Company U. S. National Bank Building Galveston, Texas Dear Mr. Kempner: In regards to our telephone conversation today regarding Reed Roller Bit Company common stock, it is traded on the New York Stock Exchange and the close was 17 5/8 to 7/8. There is a thin market of 100 shares bid and asked. Since our firm is not a member of the New York Stock Exchange, I think it would be to your advantage to deal with someone who is a member. We never like to turn business away, but I do feel that you can certainly get better service in this case. I want to thank you very much for calling us and giving us the opportunity to be of service to you. I certainly hope that if we can do anything further in this or any other matter you will call on us. Thanking you very much, I remain, You y t JJF:mc