In Re Enterprise Foundry Co.

WHAM, District Judge.

The evidence shows that in 1937 an agreement was entered into between Ward and the debtor whereby the debtor was to manufacture stoves for Ward and hold them pursuant to terms of said agreement pending orders from Ward for shipment to its various houses and customers. Said agreement was in full operation between Ward and the debtor up to and including September, 1940, and in a limited fashion thereafter.

By stipulation of the parties the procedure under which the said agreement was carried into effect was, in substance, as follows:(a) Ward would send to the debtor paid…