L. L. Winkelman & Co. to Charles W. Chesnutt, 26 September 1921
| Textual Feature | Appearance |
|---|---|
| alterations to base text (additions or deletions) | added or deleted text |
| passage deleted with a strikethrough mark | |
| passage deleted by overwritten added text | Deleted text Added text |
| position of added text (if not added inline) | [right margin] text added in right margin; [above line] text added above the line |
| proofreading mark | ‸ |
| page number, repeated letterhead, etc. | page number or repeated letterhead |
| supplied text | [supplied text] |
| archivist note | archivist note |
CABLE ADDRESS: "WINKNIC" NEW YORK
TELEPHONE: BROAD 6470
L. L. WINKELMAN & Co.
STOCKS AND BONDS
62 BROAD STREET
NEW YORK1
Sept. 26, 1921
Mr. Charles W. Chestnut
1105 Williamstown Bldg
Cleveland, Ohio
Dear Sir:-
We enclose herewith certificate #H13901 for 100 shares of Merritt Oil Corp. stock in your name.2
Kindly acknowledge receipt of same and oblige
Yours very truly L. L. WINKELMAN & Co. By MCM MCM: EJDCorrespondent: L. L. Winkelman & Co. was a New York-based brokerage firm founded in 1910 and associated with the forerunner of the American Stock Exchange, the New York Curb Market Association. With branches all over the Midwest and a focus on oil stocks, they had many customers in Cleveland, Ohio. Less than two years after this exchange, in June of 1923, the firm went bankrupt and was suspended from the Curb Market.
1. For readability, the remainder of the letterhead is not transcribed in the body of the letter but is included in this footnote as unformatted text. The letterhead can be seen in its entirety in the accompanying image of the letter. The text of the remainder of the letterhead is as follows: "BRANCH OFFICES CHICAGO, ILL. PHILADELPHIA, PA. BALTIMORE, MD. PITTSBURGH, PA. ZANEVILLE, O. UNIONTOWN, PA. PARKERSBURG, W. VA. CLEVELAND, O. FINDLAY, O. AKRON, O. MARIETTA, O. TOLEDO, O. DIRECT WIRES TO THE VARIOUS MARKETS." [back]
2. Merritt Oil Corporation was founded in 1916 as one of hundreds of small independent oil companies of the 1910s and 1920s. After its main Wyoming oil field, the Big Muddy, became extremely productive, the company was frequently mentioned in the stockmarket news between 1917 and 1922; L. L. Winkelman & Co. advertised its Merritt Oil stocks regularly in the Cleveland Plain Dealer, and the company featured prominently in the advertised pamphlet The Wyoming Oils (New York: L. L. Winkelman, 1917; see especially pages 31–33). On September 30, 1921, the price per company share was $7.50, so Chesnutt purchased around $750.00 in Merritt Oil shares (see "New York Curb," Cleveland Plain Dealer [October 1, 1921]: 4). [back]
