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29th JUNE, 1915.
606
Dear Mr. Fuhrmann,
Money On the 25th instant I sent you through the inter- national Banking Corporation a T,T. of Mexico $15000 at
423 - $6412.50 at ca. 0.83 Mk. 30.900. It is possible
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however, that the rate in America is still lower. This is not known here, and we shall receive particulars with regard to the exact amount remitted to you in Marks, first by post. I do not think that New York would have been able to send you the money by cable and expect that it has been transmitted by letter when it will reach you in some 5 days. In any case, I cabled to you through Richter " idgiezumde' we transfer to you by telegraph International Barking Cor- poration 'sosul oufno' Mexico $15000 apply to agent of These words cabled with the Hamburg Code Richter was not able to translate, and it was quite unnecessary that he should know of the remittance. I hope that these words reached you safely and that you were able to translate them. agents of the I.B. C. are the Dresdner Bank and the Deutsche bank drafts are generally paid through the latter.
The
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The profit and financial statement up to the end of June I will send you with the next post. I am still in negotiations with New York with regard to a sale of 600 bales of Rattancore which if successful means $5,300 profit that is to say, 18 per cent calculated at today's freight rates, but even if these are raised by 50 per cent there
But the rates will still remain a profit of 8 per cent. wont rise by 50 per cent. In this way we had in cost and freight in May and June a calculated profit, which, however is reduced by the alterations in freight of $6,500/7,000.
Needles