Dear Sir:

Previous records indicate that you hold shares in the follwing companies: Continental Can Co., Western Water CO., Northern Tissue Co., and Interstate Gas Co.

Because of uncertain market conditions at the time, we recommend that you sit tight on the Continental Can, hold your water, and let your gas go. You will be interested to know that today, Northern Tissue touched a new bottom and thousands were wiped clean.

Yours truly,

Squatt & Leavitt