This psychic reading given by Edger Cayce at his office, 115 West 35th Street, Virginia Beach, Va., this 27th day of May, 1929, in accordance with request made by self - Mr. [257].
P R E S E N T
Edgar Cayce; [257], Conductor; Gladys Davis, Steno. Mrs. Edgar Cayce, L. B. Cayce, and Linden Shroyer.
R E A D I N G
Time of Reading 4:20 P. M. Eastern Standard Time. ..., N.Y.
1. [257]: You will have the body of [257], present here in this room, who asks divine guidance from the great source of all good, for his spiritual, material, and physical gain, in order to do the greater work by helping his fellow man to a greater and better understanding and divine grace. You will have his associates and associations. You will answer the questions which we will ask you, and in detail.
2. EC: We have the body, [257], and those conditions and associations as influence the body in its spiritual, material, and physical welfare. Ready for questions.
3. (Q) Did he handle the meeting last week at Atlantic City properly with the Atwater Kent group and his associates? (A) Very good. There are some conditions as surround this association that have been called in question by some individuals, both as to other influences, other surroundings, as well as the associates of [257]; yet with this kept in the attitude and spirit of service as [257] has laid out, this will prove to be the more satisfactory way to handle this group and the associations with same.
4. (Q) Does his associate, Russell Davis, know what and how to do to be successful in the jobber trade of Atwater Kent in 1929? (A) There has been information given as respecting the abilities of Davis and that necessary to assist the individual in handling the various groups the body contacts. The body improving, and will make a successful connection through the various groups and with the aid of [257] occasionally, as advisor and assistant, make a WONDERFUL success. He's learning how!
5. (Q) Is [bro. [2653]] of assistance to Russell Davis? (A) At times QUITE helpful. At other, crosses Davis. At others, hinders Davis. Give each time, and counsel. Not by WORRYING self as respecting the activities of either, but in the same way and manner as one needs to keep in touch WITH the efforts OF each. Advise as to the assistance as may be rendered one to another, for in union there is strength.
6. (Q) Is it right for [257] to keep his brother in the
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business? [2653] we are speaking of? (A) That brings up a LOT of questions. There has been given that of the abilities and the directions in which the abilities of [2653] lie. In the present endeavors, the body not wholeheartedly satisfied; yet putting forth every effort to understand and to do that as is desired of same. Remembering this: Kept in the business, he will make a success - but NOT the success as he would in textiles or those associated WITH same.
7. (Q) Is there any particular business that this body would thrive in? (A) Will that particular phase of the business in which he is connected, that deals principally with the textiles OF same - THAT would be the better phase of the body's endeavors.
8. (Q) Will the Carolina Wood Products be able to deliver - (A) Able to deliver - unless there arises other conditions than are manifest at the present time.
9. (Q) What advice for Mr. Francis, the superintendent, at Asheville, will help him at this time? (A) That much in the same nature of that as has been given the body as respecting the changes as are necessary in the handling of the products and the manner of construction for the various phases of same, models under different guises, and the changes as are necessary in such conditions. These, will the body but consider as has been oft considered, will make for self and for associates a better understanding, and a better association.
10. (Q) Should [257] insist on General Electric paying the amounts he has set down for the changes on cabinets? (A) Insist on the necessary amounts to meet the needs of the necessary expense in the changes as have been made in the various models. That is, here: Let's clarify this just a bit! There are, in the various changes, some that are not expensive - are actually saving in the long run, yet is a change in the machines of the factories. There are others that are expensive WITH such changes, where the changes involve an extra expense. DEMAND same! Show CAUSE for same! They'll pay it!
11. (Q) Will [257] be able to hold this business in 1930? (A) That's a long ways in advance. Many changes for various models and many new connections with [257] during this period. Will [257] WANT the business in 1930? In these changes there will be many conditions to be considered. So far as the PRESENT conditions and outlook, there appears there will be some split and change. As to the AMOUNT of business, it will be equal to the 1929.
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12. (Q) What constructive work can [257] do at Chicago convention to help the 1929 plans? (A) Meet the people!
13. (Q) What special radio concern would it be well for [257] to know for future developments? (A) Work those so well in the present connections that, as those of the Atwater and the others that have sought to see that that may be obtained in the new ideas and the new lines, will be sought and the business will be much more satisfactory.
14. (Q) Will Kolster radio of Newark, N.J., be successful in 1929? (A) Hard lines, but will make it!
15. (Q) Is Federal justified in extending a credit for one million dollars? (A) Extend it!
16. (Q) Should we ask for special guarantees? (A) Ask for the special guarantees. This will help the Kolster as well as self.
17. (Q) Will their stock show improvement in 1929? (A) It will. By the first of September they may expect it to be at least TWENTY points higher than at present.
18. (Q) What will be the price of radio in the next four months? (A) There are so many changes to come in the next four months in many of these. These show speculative natures. Now you are speaking of a different character in Kolster and in Radio. Different character of conditions. One has a basis. The other mostly water and paper. In RADIO we will find there will come, with the consummation of the abilities for coalition with other interests, a still higher advance - but we may not expect a considerable GAIN until there is more made known to public about such coalition.
19. (Q) Is Octurus Tube Company a speculation or investment? (A) A speculation.
20. (Q) Is it worthy of holding? (A) Worthy of CONSIDERING - but it is speculative as yet, though there are some ideas there that are out of the ordinary. But some VERY speculative interests handling same.
21. (Q) Will Ben Lauterstein and Irving Isaacs see that [257] gets a full settlement in June? (A) See that at least what they have promised will be partially fulfilled. They haven't promised the full settlement. They have promised as to where [257] may see what may be the TERMINATION of a settlement. That they'll see.
22. (Q) Can [257] do anything to assist him at the present
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time to bring this to a close? (A) Keep working like thunder!
23. (Q) How much stock of Albert Pick Company should [257] ask for as his interest for work done? (A) That which will equal at least four percent of the additional added stocks or goods to the assistance of the company, see? [257]: I don't see. I see you don't! As the added assistance rendered by [257] through the associations, see? No? [257]: No. As the added help that [257]'s association has given, or the increase in the business as has been - at least four and a half percent of same. [257]: I understand that. That's it!
24. (Q) Which stock of the Albert Pick Company should [257] receive? (A) The holdings.
25. (Q) Is that different from the present common stock? (A) Different.
26. (Q) The Amrad Corporation of Boston cancelled an order. They want to make a fair settlement. What will be fair? (A) The actual amount of that of the product, see, before finishing. No, not just the plain wood, see? [257]: The cabinet work complete? The cabinet work complete - not finished cabinet.
27. (Q) Will they pay it? (A) That's a fair equity, if they desire a fair equity as stated, they'll pay it.
28. (Q) Should [257] hold their stock which he now has? (A) Hold it. Be good stock.
29. (Q) Should [257] endeavor to advertise and buy television patents? (A) Well!
30. (Q) Where would be the best country to seek them? (A) Finland and Germany.
31. (Q) What is the best way to proceed to get this information? (A) Through any of those channels through which one proceeds to protect themselves in these various countries.
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Or, what would be termed in this country, through the patent office.
32. (Q) What other field would it be well for [257] to study for expansion? (A) That change as will come through the moulding processes, as finishings of furniture, cabinets, and such. New idea, yes! but its coming!
33. (Q) Do you mean photographs on wood? (A) All MOULDINGS and pressed patterns, as will be added to these as the changes come. We are getting away from the plain designs, as has so long been in vogue, or as the better goods at present - but, as inlays, as outlays, in various forms and patterns, pressed wood, composite wood, photographs of the various old scenes in and on wood.
34. (Q) What is the best country for that development? (A) France.
35. (Q) Is the wood products company progressing satisfactorily? (A) Very!
36. (Q) Can [257] do anything to help Molloy now? (A) Doing very good. Don't disturb him just yet. He has ideas, and let him work some of these out. Call the halt only when he gets too big for his breeches.
37. (Q) Will that be necessary soon? (A) Not just yet. Just keep a check on things.
38. (Q) Should [257] endeavor to make a connection with Sears-Roebuck Company for radio cabinets? (A) By all means!
39. (Q) Should he continue holding Sears-Roebuck stock? (A) Hold it!
40. (Q) Did he make an error in not taking the profit at 169? (A) Could only have doubled it that way!
41. (Q) Should he buy more at this time? (A) When it is below 52, buy!
42. (Q) When should he sell Sears? (A) When its near 80, or above 70.
43. (Q) Is June the time - (A) For a BREAK, yes!
44. (Q) Should he sell before the break and buy in later? (A) It will go below the holdings. As was given for this in the beginning, only buy that that may be paid for outright, for there are few holdings other than Macy's, or some of the other PRODUCTS, that offer the greater opportunity in REAL investments, or as real speculation in such goods or commodities.
45. (Q) Then it would be well to hold Sears until it reaches that point? (A) Well. Unless it comes with a quick advance to near 70
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in the first week or weeks of June. Then sell. Then watch the break, near the 15th to 20th - then buy and go up with it again!
46. (Q) Is June the time for Cayce and [257] to go west? (A) Very good time.
47. (Q) Should they go as far as Oklahoma? (A) Very good.
48. (Q) Is that the proper time to discuss the oil propositions that will react for their personal good and the hospital's benefit? (A) Not yet.
49. (Q) Should anything be said at that time? (A) Discussion may be done, but not action YET, for oils are to offer some very peculiar antics in the coming summer months.
50. (Q) Should [257] purchase any communication stock now? (A) Tel & Tel is very good.
51. (Q) Should [257] attempt to work a deal to sell the Carolina Wood Products factory to the Graybar Co.? (A) And go with the company! Very good!
52. (Q) Is that advisable, to leave his associates? (A) When he sells the whole company, Graybar can buy'em all!
53. (Q) What company would be the best one at the present time? to contact for its best advantage? (A) ANY of those that are not doing so well except for their location, see?
54. (Q) Do you mean the companies owned by Albert Pick Co.? (A) Albert Pick Co. Their location is WONDERFUL for an outlet. Their present MANAGEMENT such that not doing as well as they should.
55. (Q) What changes should take place in the management? (A) With the sale, there would be much taking place in change. We are through for the present. Copy to Self " " Ass'n file