A. “Yes, sir.”

Q. “How much money did Mr. Ballau invest through you during the last few years?”

A. “I have looked over my books and find that Mr. Ballau invested something like $350,000 in the last year and a half.”

Q. “And what became of these investments?”

A. “Mr. Ballau was unfortunate. The money was entirely lost as a result of several unforeseen flurries on the market.”

Q. “Then you wish us to understand that Mr. Ballau in the course of a year and a half lost $350,000 as a result of stock market fluctuations?”

A. “Yes, sir.”

Q. “Did Mr. Ballau appear oppressed over his loss or did he so express himself at any time.”

A. “Yes, he took the matter keenly to heart. Towards the end he seemed to lose some of the conservatism which usually marked his business investments and tried frantically to recover what he had lost. Against my advice he invested in speculative securities.”

Q. “Did Mr. Ballau, during any conversation with you, express himself as overwhelmed by his losses and reveal in any way that he was brooding over them?”