Handbook On Trend Determination - Sacred Traders

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rs.conmGeorge BayerradeHandbook on Trend DeterminationsacredtAstrological Rules for Traders1940

onrs.csacredtradeThe great Masters, the writers of theScriptures, Talmud, Koran, Confucius,Buddha, Cicero, Livy, as well asShakespeare, Goethe, Nietzsche and others(except Luther) propound in their writingsnothing but ways and means to forecastfuture events. All these writings are in“Code Form” so that the public can’tunderstand a word. They study “the surface”and like it. They eat the shell. With this bookon hand you may try for the nut proper. Allyou will have to do is to substitute variousmotions of the planets given here for thenames found in these books. After a whileyou can actually see how these persons inthe stories “wander around” through theZodiac. Yes, there were many before us,who know the laws and knew them well!They were able to fool the public severalthousand years already and this work shouldthrow some light into their stories.This book will become a rarity since therules are laid bare.The works abovementioned have tremendous and widedistribution because they keep everythingcovered and only at great intervals does ithappen that a serious student hits on thetrue meaning of them all. You have enoughdata on hand after completing this study totackle these masters and find most of myrules explained in them!You have had in my work “Time Factors”at least some ideas about the basic lawsthat move stocks, wheat and othercommodities.The many inquiries coming from studentsof this book all pointed out that certain partswere written to high and formed immediatelyan idea that the difficulties cannot beovercome.rdOf course, since June 3 , 1932 the day“Time Factors” had been begun, a lot ofwork had been done by the writer to getcloser to the final solution of the puzzle“markets.”In this volume I shall endeavor to startsomewhat slower than was done in “TimeFactors.” I shall try to start with the ABC ofcommon laws that have a bearing on marketmovements. However, in order to satisfystudents that have mastered the previouswork, those who are anxious to build further,but lack points of “starting”, I shall bringthoughts and ideas, which run up like fireworks into the sky.Portions of this work which on first orsecond reading are not clearly understoodmust be read and reread until they areunderstood even if it takes days. Everythingthat has been said was for a reason.Superfluous words have not place. Certaindifficult matters were repeated with slightlyvaried works to bring home the idea.It is hoped that even those readers whohave had no opportunity to studymathematics in schools will be able to useevery rule given herein to their advantage.While I give out herewith all the laws andrules which I have been able to assemble inthe course of years up to March 3rc, 1940concerning the movements of the markets,especially those of wheat, numerousadditional rules can be found if time andeffort is spent. It is very likely that, after youcompleted you study of this work, youyourself may strike upon some simple rulethat works uncannily too.Consider constantly, that all rules broughthere are the product of only one single mind,which had no assistant or collaborator.The great railroad systems across thecontinent originated first in the single trackline via Ogden, Utah. When others saw thegreat advantage, they also built railroads totap the wealth of the West. On the sameprinciple, once knowing how to go about,you might locate new ideas in our line that Ihave not stumbled on. If this should be thecase at some future time, I hope you let meknow of it.mHandbook on Trend DeterminationGeorge BayerP.O. Box 1142Carmel, Calif.June 26, 19401

Part Ionrs.cdtradeAll our rules are astronomical rules. Forthis reason we have to procure astronomicalTables that bring the various planetarypositions with athe aid of which we shall tryto pick out the tops and bottoms in markets.A little basic knowledge of astronomy doesnot hurt us either for better understanding ofthe subject matter.It is advisable for you to purchasesomewhere an astronomy boo9k new or oldin which certain parts may be read throughthat are touched upon here, such as: Whatis longitude, what is declination, what islatitude.We do need the AMERICAN EPHEMERISAND NAUTICAL ALMANAC as published bythe U. S. government of the years 1934 and1941.they can be ordered for thesuperintendent of Documents, Washington,D. C. The 1941 copy is 2.00, the 1940 is 2.50, the previous years are 2.00, up to1938; 1937 is 1.00 and all previous copiesbelow 1937 are 1.00 each.These volumes we must consider as ourmain support with out which we can’t do anywork.The Nautical Almanac shows the dailypositions of the various planets in theHeaven. The 1940 volume contains 880pages of such figures, the new 1941 issuehas but 634 pages, since a lot ofunnecessary figures have been eliminated.For explanation purposes we use mainlythe 1940 issue of the Nautical Almanac. Weare mostly interested in pages 163 to 239.The planetary positions of Mercury, from dayto day in all sorts of positions, Venus, Mars,over to Neptune are covered therein such asLongitude, Latitude and Declination. Allthese positions are given in heliocentricview.We call a heliocentric view the one inwhich we look at a planet from the sun. Theview of planets as seen from the earth iscalled geocentric view. The latter is used byastrologers who use angle positions fromone planet to another. We also have greatuse for it.mTHE FOUNDATIONS UPON WHICHWE VUILD OUR RULES OFFORECASTING MOVEMENTS OFCOMMODITIESLet us check the various tables shown inthe almanac of 1940. We shall use theMercury Tables for our purpose now. Theother planets are also given in the sameorder on later pages.On page 163 we have:1) the date column running down fromstthJanuary 1 to February 16 1940.2) column for the apparent RightAscension.3) Column for apparent Declination4) Column for the True Distance formthe Earth5) Column for the Semi-diameter6) Column for the Horizontal Parallax7) Column for Mercury’s transit overthe Greenwich meridian.On page 171 we find the second tablewhich actually is the extension of the firstone, it should be next to it and notseparated.Therefore we continue our numbers in thelisting. We do no start with No. 1 again butcontinue with No. 8.8) the date column is resumed9) column for Heliocentric Longitude,Mean Equinox of date10) column for the Reduction to Orbit11) Heliocentric Latitude12) Column for the logarithm of theRadius VectorcreEXPLANATION OF THE VARIOUSCOLUMNS IN THE NAUTICAL ALMANACsaThe Right Ascension is given in hoursminutes and seconds. The seconds arefigured to the hundredths of a second forexact work. On the side between one dateand the next is given its daily motion . Forexample, the daily motion of Mercury formstJanuary 1 at midnight (all positions giventhroughout the Nautical Almanac are forndMidnight and for Greenwich) to January 2midnight in 1940 is 375.34 seconds.Let us consider a plain clock on whose dialwe find a division of 24 hours instead ofwhat is ordinarily shown as a 12 hourdivision. The minutes and seconds we usethe same way as on a regular clock.What is Right Ascension? It is the samething as longitude only expressed in adifferent way. Longitude is measured indegrees, minutes and seconds and rightAscension is the same measure in hours,minutes and seconds.2

monsacredtradeNo. 3 Apparent Heliocentric Declination.The first item we see in the NauticalstAlmanac on January 1 1940 on page 163for Mercury is : MINUS 22 degrees 56’32”.7. the values are running downwardfrom the 22 degree gradually, until we cometo zero on February 28, 1940. At that timethe values get a PLUS sign and run upwardon the plus side until March 7, 1940, whenthe value turns downward again and evencrosses over to the minus side.This line as well as all the other that will bementioned have to be plotted on specialpaper to get an idea of the curve picture.Those who have a minus and plus side,such as declination are to be plotted from acenter line, the minus positions below thatcenter line. The paper suggested for use isNo. 358-143L obtainable form Keuffel &Esser Co. in New York. Stores carryingdrawing materials can obtain it for you.The pictures obtainable from plotting willhave all sorts of curves of weirdappearance. This is just what we want tohave.Right ascension or longitudes are plottedas follows:Call 0 hour of right ascension as equaling0 plus of the center line (axis); plot 6 hoursupwards, the next six hours (6h to 12h) areplotted downwards from the extreme heightback to the zero center line. 12h to 18h areplotted as if they were minus. Therefore, thepicture from now on leads down below thecenter line. The movement of the RightAscension between 18h and 24h leaksupwards again to the zero line. 24 hoursform one whole cycle. Another one beginsfrom that point.What is the meaning of declination? Wedon’t really need the meaning of the work; ifcurious, look it up in the astronomy book.Our interest is solely the practicalapplication of lines of astronomical origin.Of course, we must never confuse thelines. When we use a declination line, wemust be sure that we don’t use the latitudeline or the Paralax line. When we checkvalues in the Ephemeris or NauticalAlmanac, we must not read “longitude” outof the column “declination”. Such thingswould prove disastrous. Unless you havehad some experience in reading Tables,make sure that you gain first suchexperience in reading Tables, make surethat you gain first such experience. You willacquire it easily when you take the time andproduce the various charts for four or fiveyears back, marking each single chartplainly what it represents, such as: decl.1939, Latitude, 1938 etc. never confusegeocentric with heliocentric positions.The declination column for Mercury onpage 163 and up has on the side smallvalues which represent the daily motion ofthis planet expressed in seconds. The valuebetween January 1, 1940 and January 2,1940 is given as : 737”.6. It also carries aminus sign, which means that the dailyvariation of the motion is negative.rs.cTherefore, when we wish to get an idea ofwhat is longitude, we consider again a clockdial and divide the dial surface into 360degrees instead of in the usual 12 hours.The dial itself we shall call the path of theplanets as it runs around the Sun.Astrologers divide this path into 12 signs,the signs of the Zodiac.As said before, we have very little to dowith so-called astrological rules, althoughmany rules shall be given where the signs ofthe Zodiac are used and where the planetsare considered as seen from the earth(geocentric positions).The positions of the planets form ageocentric view are also published in bookfor, the best of which is “Raphael’sephemeris of Planets’ Places”, published inLondon once a year. It can be had for50cents a copy from Macoy Publishing Co.,nd35 west 32 Street, New York, N.Y. plus 3cents postage for each copy.We have to order immediately the years1934 to 1940 since we need them for theunderstanding of the very first rule already.No. 4 and 5 True distance form Earth andSemi-DiameterThese values move together. When weplot these values, we find immediately thatwhen 0’ (?) turns around, the other does too.Therefore, the true distance from the earthshould be used in prefere3nce to the Semidiameter, unless it be for quick checking ofvalues. The quickest check of changes canbe made scanning the column of the semidiameter, but the exact work appears in the“True distance”. Next to the true distance wefind its daily movement. For real find work,we may even divide this given “dailydistance change” into 24 hours and get the3

hourly motion. Since the speed or distancecovered by this motion changes real fast wemight apply the formula for the “Law of theFall” and get things absolutely exact.However I do not advise this procedure,since it will lead astray; we would be lookingfor an eighth and miss ten points.measured along the orbit of the planet. Ithas not relation to the values of TrueDistance form the Earth, Semi-diameter norParallax. It belongs strictly to the heliocentricLongitude.No. 11. The Heliocentric LatitudeThe movement of the Heliocentric Latitudeextends over seven degrees, North andsouth (plus and minus) On the side we findthe daily motion in latitude as was the casenext to column “Heliocentric Longitude”. Weshall have much use for this column.No 6 The Horizontal ParallaxTheHorizontalParallaxisalsoincorporated in the values No. 3 and No. 4.Its movement is regulated by the others andwe can pass it up.dtraders.conNo. 8 Date line column of page 171.This is a mere repetition of the datesstarted on page 163.No. 9 Heliocentric Longitude of MercuryHeliocentric Longitude is very important. Itis different for the interior planets, Mercuryand Venus from geocentric Longitude. It wasstated already that heliocentric means “asseen from the Sun”, while geocentric means“as seen from the earth”.Heliocentric positions of planets as well asgeocentric positions are measured from apoint which is 0 degree of Aries. After goingthrough 360 degrees the planet comes backagain to the point of beginning, having gonethrough the entire Zodiac. Mercury, forexample, makes this motion in 88 days,while in geocentric motion it takes about oneyear.Why this 0 point Aries has been chosen asthe beginning is of little import to us.Astronomy books will explain this phase.As we get deeper into the subject, we shallnote, that we strictly keep on our side of thefence, i.e. subjecting calculations ofplanetary motion towards finding marketmovements. The way “how” astronomersfigure these motions is their business. Theancients, no doubt, had to do all this figuringthemselves besides making the practicalapplication.No. 12. The last column, “Longarithm of theRadius Vector” is constructed similarly to the“True Distance from the Earth”. The plottingof this vector is difficult, however tocircumnavigate the difficulty, it is best to plotthe daily variation which also has a Northand South, i.e. a plus and a minus. I suggestto use for plotting the first two numbers onlyand call the remaining three numbersdecimals. For example, January 1 to 2,1940, would be plotted as 31.3 on the plusside. It shows that the line of the radiusvector’s daily motion is leading downwardtowards the Zero line, the so-called “CenterLine”. It reaches this line on January 13,1940.mNo. 7 The Transit of Mercury over theGreenwich Meridian.We do not use this value.ADDITIONAL FUNDAMENTALSsacreIn the course of time, I have gone throughmost of the important ancient works ofConfucius, Buddha, Mohammed, and otherreligious works. The gist of them is; Theyknew all about the movements of Mercury inlongitude, declination in latitude AND THEYALSO KNEW ITS EFFECTS UPONMANKIND. If only the people of today wouldrecognize this fact! Most of the introductionsto these books as well as the Commentariesand Commentary Notes found in most ofthese works take these Ancients as havingbeen a bunch of “dumbbells” “ignoramuses”and “fools”, whereas in reality, so far as Ihave been able to find out, they knew muchmore than we shall ever know. They havebeen able to fool the public with theirwritings for two thousand years. It is mybelief that only a few people on and off willbe able to fathom completely the meaning oftheir writings. All these works are written incode form. What they say does not meanthat which the public considers its meaning.No. 10. Reduction to OrbitNext to the Longitude we find a columncalled the “Reduction to Orbit”.It is anadjustment to be applied to the heliocentriclongitude in order to obtain the longitude4

rs.conmcall this in our terms a Zero Aries Position inlongitude, or else a Zero Position in Latitudeor Declination. Shortly afterwards a secondbirth occurs, and the first born is killed.This killing points towards the eliminationof a certain line, or if not that, it means that asecond line has started which then kills oreliminates the first line. (see example inRule No. 37)In the present work, I am not touching anyfarther on this idea since we have enoughmaterial on hand to work with single planet’smotions. It only should show how muchdeeper and farther we can penetrate into thesubject, if we are sufficiently interested. Thesubject itself, as you will see, is so deep,though, with all that I will show and explain,you have enough on hand to trade safely.Combinations of the type shown in rule No.37 explain not only movements of marketsbut of diseases, wars, political conditions,personal affairs, as well as of all homeaffairs, births, marriages, deaths, etc. Whenwe consider that the laws brought forth bythe Ancients in code form cover most of thetime volumes of two hundred to fourhundred pages, we must not overlook thefact that quite a few of these ancient bookscontain but 20 or 30 printed pages. We mustnot assume that these miniature issues areabbreviated works. They contain all the lawsin concentrated form.I am stating this because I do not know asyet the size of this work. I will write as longas I have something to explain. At the endthere will be simply the work “Amen”,meaning that’s all.The subject matter itself I would not calldifficult but strange to the average man.Our way of education does not allow a fastor quick absorption of ideas such as I bringforth. In fact, my work is so much against thegrain of the average educated person thatthe most difficult part consists in theseparationofideas,thoughtsandprocedures as you are want to use now,compared to what your are supposed to usewhen you are thorough with a study of thisbook. Any talk in brokers’ offices or at otherplaces form outsiders that pretend wheat isgoing up on account of rain in Kansas, ordown on account of frost in Saskatchewan,will sound so absurd and foolish that yourjust cannot stand it. The country is overrunwith such prognosticators. We, the followersof ancient science, are of needs rare. WesacredtradeJust as a telegraph code relays messages toa few, while to others the meaning of thecode words is incomprehensible, so it is trueof these books.Once we take this for granted, all theseworks begin to have a different appearance.The Ancients constantly referred back toprevious times. They meant that we shouldlook back to previous cycles andhappenings in the movements of planets.It will be well for you to go over the lastfew lines and take an hour or so to digestwhat was said. On this statement everythingthat follows is hinged.The wonderful coatings, the beautifulstories, dealing with war and peace, withhuman affairs, whatever is of interest to thepeople were used to explain planetarymovements. You may say “no”, in fact morethat fifty percent of the readers will say sountil shown, and then they will accept it onlywith a grain of salt. Many of the laws that areexplained here are so sure and safe to use,especially if two or three of them agree atthe same time, in that a change in themarket MUST occur. While many minorswings can be located to the day, they arenot always as clear and precise as we wouldwant to have them. However, if we follow thepolicy of safety we do not try for small,insignificant moves, for the so-called“Jiggles”.Coming back to the ancient writings, andtheir Code form, I want to draw yourattention to the myriads of names used tocover up the names of planets. In Confucius,for example, there is a part whereinConfucius talks about himself. In doing so,he addresses a king whom he calls “FuHsia”. In another place, he talks about a kingwhom he mentions by name, but he wantsto bring out emphatically a specific planetand to do so he takes recourse to anotherking. The name of the king is exactly thereverse spelling of his first king. The name inquestion is a rather long name with vowelsand consonants fitting admirably for thereversal. Things like that can only bediscovered when these ancient writings arecarefully analyzed work for work, andsentence for sentence. Such finds tell usand show us what is behind the stories.Another very important idea contained inthese books is this: Whichever stories orbooks we tackle we find, first, a birth, whichmeans the beginning of the cycle. We may5

rs.conmfinally connect the dots with a line. Stocksare plotted one dollar to a square; cotton isplotted 10 points to a square; all othercommodities are plotted sot he 50.00 inmovement equals one square. Therefore,since cottonseed oil is valued at 36.00 perpoint and 6 goes into 50 eight times,cottonseed oil is plotted 8 points per square.Rubber is traded so that one point of itsmovement represents 2.24. Let us divide 50.00 by 2.24. This gives 22. Rubber isplotted 22 points to a square. Hides areplotted 12-1/2 points to a square. Lard isplotted 10 points to a square.All charts must be made very carefully; theentries are to be made daily and not once aweek. The picture of the movements as theydevelop will gradually fasten in one’s mindwhich is of prime importance. With the aid ofthe ellipse and other factors explained later,a major bottom or top will stick out so that itcannot be missed.On days when no trading is done such ason Sundays or Holidays we have to leave ablank space for that day. It is too ridiculousto see nicely made charts omitting lines ofholidays and Sundays. People expect otderive benefits that way, but they don’t.They, if they would know what causesmovements, would probably believe that theplanets “stand still” during holidays the sameway as Joshua made the sun stand stillsome time ago. Planets work week days andSundays; they know not holidays. TheNautical Almanac will show it.When starting charts, begin the year abouthalf-way up the seat. Should movements gobeyond the sheet, paste a strip to it.To be sure that everything goes rightsuggest to use pencil first until you get usedto making thin lines with ink. Many a finechart was spoiled by daily ink entries.Charts should be kept in a binder of goodquality, which takes a full size sheet or youmay use those that take the chart with onfold. For testing remove the single sheets;when through testing put them back into thebinder. Notes may be made right on thecharts, on the margin or into the graphpicture. The color of the graph sheets shouldbe green instead of orange. Since theentries are mostly made in the evening thegreen colored paper is more appropriate.Data of prices may be obtained in theweekly “Financial Chronicle” or from dailypapers. The ready-made charts ascreCHARTSdtrademay compare ourselves to the sharpmovements in wheat or stocks that occurevery once in a while, since ordinarily themarket moves in normal range for a longtime. The normal range may be compared tothe public which guesses, which uses rainand frost, which trades with rust and mildew.I stated before about repeating cycles,which the Ancients suggest to use. Soon,will you recognize that anyone not usingplanetary lines will never find the cycles ofrepetition. After you have plotted, let us say,the declination of Mercury or of Venus, youwill find that the line produced has series ofbends. From a Zero position upward the lineoccasionally gets a kink before reaching theextreme. This also happens on the waydown in this declination. At other periods theline is straight up from Zero to the Extreme.Let us say, a movement was begun whenVenus passed the Zero line and themovement ended when Venus was at theextreme of declination coming now back tothe repetition of the cycle, we readily cansee that a kink in it extends the time fromZero to Extreme by a month or two. Thepicture becomes an entirely different one in“Time”; that is, from one cycle to the other.After you have made a chart of declination afew years back, it is suggested that yourcompare the movement of Wheat or someother commodity, during each cycle. Pickout the Zero positions wherever they occur.saGoing down to the broker each day,looking at the tape and watching prices goby won’t help much to define the trend ofwheat or stocks. It is a sort of passing thetime for want of having something else todo.What a trader needs is charts. The dailyhigh and low charts of a few commoditiesand a few stocks have to be plotted eachday even though you do only trade in one. Ifyou have none, make some immediatelysince all laws given here are explained onhand of these charts. Use Keuffel & Esserpaper.Wheat prices are plotted one square forone cent of movement. In one square thereare three small tiny lines which are used forthe quarters. In between each small line isthe place for the 8ths. Plot first the high ofthe day with a don then the low thereof;6

published by some firs are not to be used.The reason is obvious.onrs.csacredtradeSeveral clients told me they can trade onlygains with their regular broker. Any broker, ifhe wants to, can buy or sell any commoditythat is traded, if you demand it. His businessis brokerage, thus all he has to do is forwardhis order to some other broker and get hisshare of the commission.Others tell me that their newspaper doesnot give quotations on commodities. Hereagain is where you good broker comes in.He is the one from whom you can expect toget the daily high and low prices of anycommodity. He will get in touch with thosewho have them. After he has procured themonce or twice for you, he will get“accustomed” to getting the price rangeseach day as long as you get him on the goonce. And, if your own broker can’t get themthere are many brokers who will gladly getthem for you!It matters little, when trading commoditiesor stocks whether or not you get the lasteighth. When a top is indicated and you sellwithin that day, you are doing fine; the samewith buying when you buy within a day of thelow. All orders should be given “at themarket”, meaning buy or sell for what youcan get. Orders with a fixed price should beshunned. Supposing the market is a buy ona certain day and wheat sells at 78. Knowingthat its move should be upward, does itmake any difference whether you pay78 or78-1/2 or even 79?When you notice you are wronglycommitted stop hoping and get out! Whenthe move does not come off as expected oras figured, get out fast and furiously. Waitfor the next move.Stop loss orders are once in a while inorder, especially in wild markets. Forexample, during the sharp wheat drop inMay 1940, when one was long at the top(we were short though!) one had, by allmeans, business to carry a stop around 1.03that time.When trading hides don’t watch wheat orcotton. When trading in rubber forget aboutbutter and eggs or cottonseed oil. Eachcommodity moves its own peculiar way. Thegrains even move their own ways comparedto one another. Strength in corn may meanmTRADING COMMODITIESa decline in wheat at the very same time.Watch you own bird! Do not even try to takecues from different options! May wheat maybe weak for an hour and July wheat strongat the same time.When an option is about to expire, such asSeptember wheat end of August to midSeptember, its fluctuations are more violentthan earlier. Options that just come on theboard are usually very little traded. Optionsrun about 9 months. In their middle period,from the age of 3 to the age of 6 monthsthey are best for trading.Margins on commodities run between 500 and 750 per contract. Commissionsvary considerably. On wheat, the round-tripof buying and selling a contract or sellingfirst and buying afterwards is 12.50. Asimilar contract of lard the round trip is 20.00; on hides 40.00.When a top is made and values are aboutto go down-hill we must not only sell out butalso go short. This question about shortselling is a ticklish thing with most traders.They cannot see the virtue of it.The principle is just the reverse of buying.Instead of buying and awaiting higher prices,you sell and await lower levels. When priceshave receded far enough and the time,according to the rules laid down here,indicates a change of trend, you buy backthat which you sold higher up and that wayclose the trade. At that very same time youalso buy. Covering short positions andbuying at the same time for an upwardmovement is called “doubling up” a position.A phenomenon worth mentioning is thestate of “lameness” that overtakes traderswhen sharp big moves occur. Some call itinability to get out of the seat in the broker’soffice to give the order. Supposing you havefigured things out very nicely one eveningthat wheat should advance due to a rule thata change of trend is imminent. Instead, themarket opens down with a small gap. Suchan unexpected down opening which iscontrary to what was expected paralyzes theman; he is absolutely unable to move, tospeak, to do anything. He just sits, andlooks. What has to be done in such a caseis: get out of the seat and run fast to get outat the market when wrongly committed.A similar effect can be noticed when forseveral days a sharp run-up occurs or asharp drop. The client is rightly committed.He can’t take those profits and sits still,7

Results depend entirely upon your ownoperation and research, by digging out whathas happened previously and expect it tohappen again under similar circumstances.This is why it is suggested that you trade inbut one single commodity or one singlestock as will e amply illustrated. I have setup rules for several commodities; most ofthe rules concern wheat. You will note thatthe rules for hide future price movementscannot be well used for wheat, neither canwheat price movement laws be applied othides. Each commodity moves its own wayjust like individuals move each their ownway.mASTRONOMY FOR TRADERSrs.conBefore starting in with the rules onforecasting we have to get acquainted withthe various names of the planets and theirabbreviations. We also must knowsomething about the Zodiac which is thepath of the planets.sacredtradethinking it will keep on going in his directionforever. This man is apt to come out with aloss instead of a profit since he refuses totake profits. A sharp advance of severaldays or a sharp drop of several days calls atleast for a te

AND NAUTICAL ALMANAC as published by the U. S. government of the years 1934 and 1941. they can be ordered for the superintendent of Documents, Washington, D. C. The 1941 copy is 2.00, the 1940 is 2.50, the prev

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