Leo N. Levitt and Ruth G. Levitt - Page 16

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          in the Chemical Traders account.  MacArthur paid the following              
          Resyn discounts and commissions to Chemical Traders:                        
                         Date                  Amount                                 
                         Nov. 15, 1966       $2,272.49                                
                         Dec. 20, 1966       2,200.84                                 
                         Feb. 18, 1967       1,963.97                                 
                         Apr. 17, 1967       1,853.45                                 
                         Apr. 17, 1967       1,770.47                                 
                         Jun. 28, 1967       1,578.98                                 
                         Sep. 22, 1967       5,298.71                                 
                         Jan. 26, 1968       5,427.29                                 
                         Mar.  8, 1968       6,120.16                                 
                         Jul. 15, 1968       3,399.72                                 
                         Jul. 15, 1968       2,771.75                                 
                         Jul. 31, 1968       2,673.42                                 
                         Sep. 13, 1968       5,006.10                                 
                         Nov.  8, 1968       3,708.10                                 
                         Dec. 10, 1968       4,222.20                                 
                         May  23, 1969       8,373.73                                 
                         Oct. 24, 1969       8,296.35                                 
               5.   Spencer-Kellogg and Atlas Paint                                   
               Resyn bought linseed oil from Spencer-Kellogg Co. (Spencer-            
          Kellogg) in 1967 and 1968.  Resyn paid Spencer-Kellogg for the              
          oil.  Spencer shipped the oil to Atlas.  Chemical Traders billed            
          and was paid by Atlas for the linseed oil.  As a result, Resyn              
          paid for the linseed oil but did not receive it, and Chemical               
          Traders sold it to Atlas without paying for it.                             
               6.   Petitioner's Use of Funds in the Chemical Traders                 
                    Account                                                           
               Petitioner wrote checks to cash from the Chemical Traders              
          account totaling:  $160,824 in 1965, $160,541 in 1966, $256,000             
          in 1967, $69,500 in 1968, $53,850 in 1969, and $19,500 in 1970.             
          He endorsed all but two of those checks (dated June 28, 1965, for           
          $1,625; and June 1, 1967, for $1,000).  The camp attended by                




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