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To: H James Morris who wrote (26025)	11/15/1998 1:11:00 PM
From: Glenn D. Rudolph	Respond to of 164684

James, I like the gold mania in 1979-1980. We had the opportunity to sell jewelry at a third of what we payed for it for about a year after that. By the way, thank you for the link. It was a good article. Glenn

To: H James Morris who wrote (26025)	11/15/1998 9:19:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

This could not be the Morgan Stanley that has the ethics that all brokerage firms are striving for. That cannot be; correct Willim? "NEW YORK -- Brokerage giants Merrill Lynch & Co. and Morgan Stanley Dean Witter & Co. have both agreed to settle class-action litigation alleging the firms assisted a scheme by Japan's Sumitomo Corp. to manipulate copper-futures prices. Merrill Lynch agreed last week to pay $18.1 million to settle the lawsuit brought by copper-futures traders, while Morgan Stanley agreed in July to pay $1 million, according to court documents. U.S. District Judge Milton Pollack in New York has granted preliminary approval to both settlements. The firms continue to deny any wrongdoing. "We've entered into this agreement to put this matter behind us and avoid the substantial cost and distraction of protracted litigation," said Bill Halldin, a Merrill Lynch spokesman. A Morgan Stanley spokeswoman declined comment on the settlement, but the firm indicated in court papers that it too agreed to settle to avoid the expenses and risks of continuing to fight the suit."