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- March 1, . AVIATION PLACED ONBUSINESS BASIS Two Deals Assure Develop- ment of Air Express and Plane Firm. BY J. C. ROYLE. Special Disvatch to The Star. NEW YORK, October 24.—Aviation is on a business basis. This was shown conclutvely today by announcements of the acquisition of control of the Fok- ker Aircraft Corporaticn by the Western Air Express, Ino., and by the placing of $5,000,000 or more into the securities of the Boeing Airplane Co. But while the day of the “flying cir- cus” is over, aviation is not yet beyond the dangers which have attended new industries, such as as electric refrigera- tion, radio and others. Tt is just 25 vears ago that the Wright brothers developed the first successful flying machine. Today, according to the asronauties- braneh of the Department of Commerce, there are American- scheduled air routes flying 31,420 miles | a day. This far exceeds the activities of any other nation. In 1827 air transport mileage of the world was 20,284,660, of which the United States accounted for 6,009,226. ‘This was -two-thirds as many miles as were flown by French and German air transport, and the total value of all air products was $21,101,853. In this vear it is believed these figures will be far surpassed. Officlals of the two services estimate the Army and Navy will snend $19.214,550 this year. and for 1929 the estimates aggregate $39,550,000. The Pennsylvania Railroad and others have already made a hook-up with airplane manufacturers for com- bined air and rail cross-continent transportation, and it is indicated other railroads will conclude similar arrange- ments shortly. The Fokker company, absorbed by Western Air Express and others, has been particularly active in development of large tri-motored planes from de- signs of the Dutch inventor whose name the company bears. It is under- stood the present orders on hand tax the capacity of the company’s plants. It is said to have orders for 32 big planes. The management is experienced ;3;1 the concern has been active since ‘The Western Air Express is generally conceded to be an outstanding operator of aircraft. It operates air mail routes from Los Angeles to Salt Lake City and between Denver and Cheyenne. This company was selected by the Guggen- heim Fund to operate a model air line between Los Angeles and San Francisco and Los Angeles and Salt Lake City. ‘The company is closely owned and earn- ing statements are not available, but it Is reported generous dividends have been paid regularly and a large part of the profits have been plowed back into the company. ‘The Boeing Airplane Co. has been an important contractor to the Nevv, mak- ing models for carrving on shipboard. ‘The concern also has produced most successful mail plane designs, which have been in use on the Boenig Air Transport route. New Bond Issues Special Dispatch to The Star. NEW YORK, October 24.—The new issue of $10,000,000 Republic of Cuba Public Works 5% per cent serial cer- tificates, due December 31, 1931, and June 30, 1932, is being offered for pub- liz subscription by Chase_Securities Corporation, Blair & Co., Inc.; Equi- table Trust Co. of New York and the Continental National Co., at 993, to yield over 51; per cent. The ers announced that the certificates had been sold and the books closed. Salomon Brothers & Hutseler offer a new issue of $5340,000 Erie Railroad Co. 41% per cent eguipment trust cer- tificates of 1928, maturing serially 1929, to September 1, 1943, and priced to yield 4.90 per cent. Offering is be made today of a new issue of $1,250,000 Michigan Steel Corporation 6 per cent sinking fund gold debentures series “A,” maturing November 1, 1938, at 100 by the Guard- jan Detroit Co., Union Trust Co. (De- troit) and Fenton, Davis & Boyle. An issue of $1,500,000 State of New York 3!, and 3% gold bonds, due seri- ally March 1, 1933 to 1964, inclusive, is being marketed today at prices to yield 3.90 per cent by Lehman Brothers. Public Utilities Special Dispatch to The Star. NEW YORK, October 24—An addi- tional issue of 7,500 shares of Jowa Pub- lic Service Co. 6 per cent cumulative preferred stock is being offered today by Harry H. Polk & Co. at $98 per share, to yield 6.12 per cent. The report of Public Service of New Jersey shows September gross of $10,- 311,924, compared with $9,575,424 in September, 1927; net after taxes and depreciation $3,010,042, against $2,836,- 666, and surplus after charges $1,924,- 169, contrasted with $1,480,629. For the 12 months ended September 30 gross amounted to $122,966,907, against $112,- 542,240 for the preceding 12 months, net after taxes and depreciation $35,- 053,924, compared with $31,359,255, and surplus after charges $19,015,096, con- trasted with $13,277,721. Spring Valley Water Co. reports net income for the nine months ended Sep- tember 30 of $1,468,622 after taxes, in- terest, depreciation and contributions to amortization fund, compared with $1,433,092 in the first nine months of last year. The statement of Kansas City Power & Light for the 12 months ended Sep- tember 30 shows a profit of $5,125,083 after taxes and interest, but before de- preciation, compared with $4,615,541 in the preceding 12 months. Profit for September was $406,513, contrasted with $54,506 in September, 1927. EARNINGS REPORTED. NEW YORK, October 24 (#).—Net operating income of the Northern Pacific Railroad emounted to $15,064,- 291 in the first nine months, against $12,553,136 in the corresponding 1927 period. General Gas & Electric Corporalion, which serves central and south Atlantic States, ended year on September 30 with net income of $3,594,193, against $3,014,912 in the preceding year. Youngstown Sheet & Tube Co. of ‘Youungstown, Ohio, reports for the first nine months profit of $6,872,372, com- pared to $5,857,071 in the same 1927 period. United Railways & Electric Co. of Baltimore earned 79 cents a share in the past nine months, against $1.08 in the corresponding 1927 period. Net income of the Spring Valley ‘Water Co., which serves the San Fran- cisco Bay cities, for the nine months ended September 30 totaled $1,468,622, against $1.433,092 the first nine months of 192 Chicago Pneumatic Tool Co. of New York, which holds the American manu- facturing and selling rights of the Ger- man Diesel engine made by M. W. M. Benz and subsidiaries, reports net profiz of $585409, equal to $6.15 a share on 95,179 shares, for the last nine months. ‘This compares to net profit of $669,451, or $7.03 a share on 95,119 shares in the first nine months of 1927. G Open-air cafes or gardens in Greece ghowing motion pictures now outnum- . ber the theaters in that country. NEW YORK CURB MARKET Received by Private Wire Direct to The Star Office Following is a list of stocks and . bonds traded Market today: Sales in hundreds. 11§ Acoustic Prod . 2>5>>5: lison D llison_Dr. B lum Co Amer & For P mer_Cigar S G B cmss i e »EEEEEE 8 3 =) 223 o H Cap § 7 Anchor Cap pfd 3 Anglo Chil Nitra 1§ Apponaug Cg . 13 Asso Dye & Prini 10 Asso_Gas & El . 9 Atl Fruit & Sug 5 Brill Corp B 2 Brit-Celanese Ld Niag & E P 2 Carnation Milk 1 Gavanagh Dobb uBguneuesSsonnSgun aaw 4 Courtaulds, 1Curtis Pub ..... 7 Curtiss Aero Exp’. For R C ehler Di 11 Dubilier C & 3Du_Pont M Mot States _Pow Bond_& Sh Cor. B & Sh rts Lead .. 10 Evans Wall L rts wi 5 Fageol Mot % 15 Fairchild Avia A wi teel Prod f ioma Elec. . North Am Uiility. North Eastern Pow ..-\ ) =) v erce Governor gly Wiggly Wigg W A Cor Can 1st SP&L ... inbow Lumihous bestos . . . EREER e ;;:—E?: 35 P 0&8 Whi Sew M deb rts.. 4 Wire Wheel_Co: 16 Woodworth Ing 1 Worth Inc A 1Yel Taxi C N ¥’ 1Zenith Radio.. Sales in hundreds. 119 Andes Copper. . Por M 3 Roan Antelope Cop. . s 33 Shattuck 650 A West 2 Yuk Sales in hundre 110 Am Con_ Ofifids d Alas T cfs & Black pfd." 5 in on the New York Curb INDUSTRIALS. Low. Noon. 18% 19 5" 36 High. 88028 ! Y% .49 2% 17% 3¢ ! 33 100 100° 25 58 58 u22 28Ys 28Y, 28Y 21 25 4 313 375 3 26Y 267 I!fl 481, Pt 3% 07 20V 1391, i 49 20% 4 159% 3 5ivp MINING STOCK. INDEPENDENT OIL STOCKS. P 4Wilcox O & G Sales STANDARD OIL ISSUES AND FOR- inunits, MER SUBSIDIARIES—STOCKS. 100 Anglo Am Oll 18% 2000 Cont. Oil ... 2 i 8414 ICURB PRICES GAIN IN UPWARD TREND Operations for Rise Are Con- tinued—D0ils and Motors Active. BY WILLIAM F. HEFFERNAN. Bpecial Dispatch to The Star. NEW YORK, October 24.—With spec- ulative enthustasm still keyed to a high % | pitch, operations for the rise on the Curb Exchange today were carried on aggress.vely. Practically every group was prominently represented in the up- 2 lturn, and if any anxiety was felt over Snl in es BONDS. thousands. 40 Abrah & Str_5las wi 107 TANUDL P &P 5 A o8, i i et 553! EEED TEO000000 8 B a0 i stoon i s enen e Taocnri palas b, 2 A 1014 1 m < 1Van Camp Pa 85 cof 24 Warner @uinian 65 Sales FOREIGN BONDS. in thousands. oy ...,.a.,-».e.s....._...z.,..g:_q.....g?..?....- ] §EEEEERER Thas A Ak 58 1% EeETRREERERRE 3 ggg,gzg Enn 38 ey w 8. Ex-dividend. wi—When issued. Fe2With warrants. CARAWAY REOPENS ATTACK ON MELLON Sends New List of Questions on Distillery Stock to Secretary of Treasury. By the Associated Press. Senator Caraway of Arkansas today renewed his warfare with Secretary Mellon by inquiring as to Mr. Mellon's ownership of stock in a distillery. In a letter to the Secretary the Arkansas Senator said Mr. Mellon had failed to furnish the desired informa- tion in a recent letter, and a further series of questions was propounded. The Senator asked how many gallons of intoxicating liquor the Secretary owned or controlled through companies or corporations in which he was inter- ested at the time of the adoption of the prohibition amendment, how much of it is now held and under what au- thority any of it was sold. Secretary Mellon’s former reply, that he had not been actively engaged in the distillery business was declared by the Senator not to be an answer to his question. COUNTY CHURCH WOMEN WILL HEAR DR. LON Goucher College Professor to Dis- cuss Kellogg Pact Before Prince Georges Federation. Special Dispatch to The Star, MOUNT RAINIER, Md., October 24— An address by Dr. Ella Lon, professor of history at Goucher College, Balti- more, on the Kellogg peace pact will be the feature of the semi-annual meet- ing of the Prince Georges County Fed- eration of Women’s Clubs to be held in the Christian Church here tomor- row all day, starting at 10 am. Dr, Lon is scheduled to speak at 11:30 o'clock. She has just returned from the Geneva conference. In the afternoon the speakers will be Miss_Adele Stamp, dean of women of the University of Maryland, who will discuss the subject, “Why Women Should Be Interested in Citizenship.” Dr. Raymond Allen Pearson, president of the University of Maryland, also will speak briefly in the afternoon. An attendance of more than 150 is expected, Including representatives of the 21 clubs making up the federation and others. Every one is invited to at- tend the meeting, regardless of whether 4 | or not they are members of the federa~ tion. the sharp break Tuesday in a number of speclalty tavorites, it was not re- flected in the movement of the main body of stocks. The feature of the oil group were Standard of Kentucky and Gult Oil of Pennsylvania. ‘The former, influenced by reports of a pending 50 per cent stock dividend distribution, shot for- ward from 147 to a new high at 154 before the demand subsided. Gulf of s | Pennsylvania opened at 139, a gain of almost 10 points, but subsequently came off sharply. Other oils were carried 1 to 3 points higher. Darby Petroleum was prominent among the independents and was turned over in heavy volume at new high prices, Stutz featured the motor group, run- ning up almost 3 points. American and to a fresh high in the utility section and special buying made its appgar- ance in American Super Power “A,” United States and Foreign Securities and United Gas Improvement. Checker Cab Manufacturing, which closed more than 11 points lower on Tuesday, steadied around the 65 level, but at intervals was in supply just under this price. New tops were estab- lished in such issues as Libby Owens Co. up 5 to 170, Blumenthal a like 73+ | amount around 75, Singer Manufactur- ing 10 points higher at 565 and Celo-~ tex up 4 points at 71. Anchor Post Fence went to its best following. and estimates that the net for 1928 will approximate $4 a share and the stock will soin be placed on a $3 annual dividend basis. Mining shares were increasingly active although ll:‘tle upward progress was made in ces. Pet Milk common stock which was offered for public subscription Tuesday at $37.75 a share was admitted to tmdlnf and had a spectacular opening changing hands at 44%;. SILVER UOTAE&NS. NEW YORK, October 24 (#)—Bar silver, 58. Mexican dollars, 437 UCKY. BOY!” exclaims Granddad, “When I was your age the winters were longer and colder. house could be heated automati- cally, without so much as touch- ing a finger to the furnace! Well, it goes'with aeroplanes, radio, and all the rest of it!” Good old Granddad! No wonder he thinks the winters were longer and colder in his boyhood, with all Foreign Power warrants were carried 13.30 CHICAGO LIVE STOCK MARKET CHICAGO, October 24 (#) United States Department of Agriculture— Hogs, receipts, 22,000, trading slow; prices uneven, mostly 10a15 lower than Tuesday’s high time; spots showing more decline; top 3.50 paid sparingly for strictly choice 220 to 240 pound butchers; medium to_choice, 250 to 350 pounds, 8.90a9.45; 200 to 255 pounds, 9.10a9.50; 160 to 200 pounds, 8.8529.45; 130 to 160 pounds, 8.50a9.25; packing sows, 8.25a8.85; pigs, medium to choice, 90 %o 130 pounds, 8.00a8.60. Cattle—Receipts, 13,000 head; calves, 3,000 head; few loads of choice fed steers and yearlings steady, top, 17.25; strictly | choice heavies absent; bull market on | lower grade fat steers, stockers and | feeders; vealers 50c lower; slaughter classes, steers, good and choice, 1,300~ 1,500 pounds, 13.75a17.25; 1,100-1,300 pounds, 13.75a17.25; 950-1,100 pounds, 13.75217.50; common and medium, ‘850 pounds up, 8.50a13.75; fed yearlings, good and. choice, 750-850 pounds, 14.50a 17.25. Heifers, good and choice, 850 pounds down, 14.00a17.00; common and medium, 7.75a14.00. Cows, good and choice, 9.25a11.75; common and medium, 7.0029.25; low cutter and cutter, 5.75a 7.00. Bulls, good and choice (beef), 9.50a10.75; cutter to medium, 6.75a9.40. Vealers (milk-fed), good and choice, 13.00a14.25; medium, 12.50213.00; cull and common, 8.00a12.50; stocker and feeder steers, good and choice (all weights), 11.25a12.75; common and medium, 8.50a11.25. Sheep—Receipts, 13,000 head; an- other small run forcing fat lambs mostly 25c up, despite siuggish dress trade; sheep and feeding lambs not much charge on a moderate to a light supply; lambs, gocd and choice (92 lbs. down), 12.50a13.65; medium, 11.65a ; cull and common, 7.75al ewes, medium to choice (150 1bs. dow 4.2526.50; cull and common, 1.75a5.00; feeder lambs, good and choice, 12.25a) NEW YORK PRODUCE MARKET. NEW YORK, October 24 (Special).— Concord grapes in 12-quart baskets, sold at 55 to 60 cents; four-quart baskets, 17% to 20 cents, and two-quart baskets, 12%5 to 15 cents. California juice grapes sold at 70 to 2.10 per lug. Jobbing sales on white Danish cab- bage were made at 35 to 40 per ton. Red realized from 50 to 65. Several sales of Western New York Bartlett pears were reported at 2.75 to 2.00 a bushel basket on No. 1 stock. Seckel pears in bushel baskets brought from 1.50 to 2.50. Prunes in 16-quart baskets of the Flel;%nberg variety peddled out at 1.25 al1.50, £ales on 100-pound sacks of yellow cnions from Western and Middle West- ern States ranged from 2.75a4.00. Upstate New York celery in the rough jobbed at 2.50a3.00 per two-thirds crate for the best and 1.75a2.25 on or- dinary. Caulifiower in crates of about 12 heads changed hands at 1.5022.00, occasionally 2.25 on the fancy pack and 7521.25 on the choice. RS R S Y Rutgers has opened its 163rd year with more than 3,000 enrolled. We never dreamed a COTTON IS STEADY AT SLIGHT DECLINE Market Opens With Small Losses Due to Selling in the South. By the Assoclated Press. NEW YORK, October 24.—The cot- ton market openecd steady at a decline of 5 to 8 points under Southern selling | and liquidation promoted by a more favorable weather map than expected, relatively easy Liverpool cables and talk of heavy private ginning figures. De- cember sold off to 19.45 and March to 19.35, but there was considerable trade buying and the talk of heavy ginnings was offset’ to some extent by reports that they represented a large per- centage of the crop, while there may have been a little buying on unfavor- able features in the weekly weather re- port. The demand was sufficient to steady the market and after selling off to 19.45 December rallied to 19.49, with the general market showing net de- clines of 4 to 5 points at the end of the 4irst half hour. One of the private reports published early estimated the ginnings prior to October 18 at 8,526,000 bales. There may have been some selling on these figures, but their effect ‘was modified by another report placing the ginnings at 7,997,000 bales, and the market was steady late in the morning on trade buying and covering. . At midday active months were about net unchanged to 3 points lower. DANVILLE ADDRESS OFF. “Billy” Sunday Meeting Political Tabernacle, Chairman Says. Special Dispatch to The Star. DANVILLE, Va., October 24.—The “Billy” Sunday address, arrangements for which Rev. David Hepburn of the Virginia Anti-Saloon League came here to_make, has been abandoned. Mr. Hepburn was told by W. H. Cobb, chairman of the board of trustees of the City Tabernacle, that the taber- nacle could not be used. Under the deed of trust whereby the hall seating 5,000, and built for the late Sam Jones, was turned over to the people of Dan- ville, “it shall be used only for religious or educational purposes.” Rev. Mr. Hepburn suggested that.the Sunday ad- dress would be educational. Mr. Cobb insisted that it was political. Mr. Cobb is allied with the local anti-Smith forces. CHICAGO POULTRY PRICES. CHICAGO, October 24 (#).—Poultry, alive, easy; receipts, 3 cars; fowls, 24a 29; Springs, 26a27; roosters, 20; turkeys, 25a30; ducks, 17223; geese, 21a22. ‘Baltimore Markets Special Dispatch to The Star. - BALTIMORE, Md., October 24.—Po- tatoes, white, 100 pounds, 1.00a1.10; | barrels, 1.25a1.90; sweet potatoes bar- | rel, 1.00a2.50; bushel, 75a90; yams, bar- rel, 2.0022.50; beans, bushel, 1.25a2.00: beets, 100, 4.00a5.00; broccoli, bushel, 40a50; cabbage, 100, 3.0026.00; carrots, | 100, 5.00a7.00; caulifio crate, 1.75a 3.00; celery, crate, 1.98a3.00: corn, dozen, 15a35; kale, bushel, 35240; let- tuce, bushel, 75a1.28; lma beans, bushel, 3.00a5.00; onions, 100 poun: 2.50a3.50; peppers, basket, 25a40; par- | snips, basket, bonso:uflmpkinfi. 100, | 5.00a20.00; spinach, bushel, 35a65; to- | matoes, basket, 40a1.25; packing stock, bushel, 65a75; turnips, basket, 25a40. Apples, bushel, 75a2.50; damsons, basket, 2.00a2.50; grapes, basket, 45a50; grapefruit, box, 4.00a5.00; orangss, box, 3.50a5.50; pears, ushel, 1.00a2.5 plums, bushel, 3.00a2.50; quinces, bus! el, 1.00a2.00. Hay and Grain Prices. | ‘Wheat—No. 2 red Winter, export, no | quotation; No. 2 red Winter, garlicky, spot, 1.323; October delivery, 1.32%; November delivery, 1.3314 bid. Cargoes on grade, no sales; bag lots, no sales. Corn—No. 2 domestic, 1.18; cob corn, 5.5085.75. | lsO,aLs—Na. 2 white, 52a53; No. 3, 5012 142, Rye—Nearby, 1.10a1.20. | Hay—Receipts, 17 tons. New hay s | arriving in only limited quantity. It| is, therefore, not being officially graded | and sells strictly on its merits, within range of 15.00a18.00 a ton, timothy and clover grades. Straw—No. 1 wheat, 11.00a12.00 ton; | No. 2 oat, 12.00a13.00. Dairy Market. | Live poultry—Turkeys, pound, 30a40; Spring chickens, 20a31; Leghorns, 20a 28; 27 old hens, 25a31; Leghorns, 22a 23; small and poor, 20; old roosters, 16 al8; ducks, 24a26; small, 18a20; old, 15a20; guinea fowls, each, 50a85; pig- eons, pair, 30a35. Eggs—Receipts, 2,975 cases, native and nearby selected white, free cases, dozen, 48; firsts, 42; current, receipts, 40. Butter—Good to fancy creamery, pound, 44a48%:; prints, 4816a50%; blocks, 46'2a48; ladles, 35a38; store packed, 33; process butter, 41a42. POTOMAC SY.NOD MEETS. Special Dispatch to The Star. FREDERICK, Md., October 24— About 250 ministers and elders of Maryland, Pennsylvania, Delaware, Vir- ginia and District of Columbia Re- formed Churches registered yesterday for the annual session of the Potomac Synod of that church being held in Christ Reformed Church, Middletown, today, tomorrow and Friday. Members of the synod will tomorrow visit Hood College, which was estab- lished here in 1845 by that body. Offi- | 000,000 bushels. WHEAT PRICES GAIN AFTER EARLY DROP Light Offerings Result in Rally From Initial Declines. Corn Lower. By the Associated Press. CHICAGO, October 24.—Offerings being light, wheat values quickly rallied today from initial declifies. Downturns at the start resulted from the fact that Liverpool quotations were easier than due, with India reporting timely rains, and with Argentine wheat cheaper. Opening % of a cent to % of a cent off, Chicego wheat sagged a little more, and then scored gains, Corn and oats aver- | aged lower, corn starting J of & cent 73 of a cent down, but subsequently recovering somewhat.- Provisions were Speculative traders became at times active buyers today of future deliveries of wheat when the fact became ap- parent that selling pressure here was failing to follow declines at Liverpool. Much of the buying in Chicago appear= ed to be on the part of previous sell= ers who were in a-position to collect & | profit. Talk of unexpected bullish crop developments in Canada were likewise a strengthening factor. Dispatches from Winnipeg today con= tained assertions that the Saskatche- wan official crop report would show only 277,000,000 bushels yield of wheat this season, and that the official report on November 10 for the wheat crop of Canada as a whole would be under 500,- The latest previous Government report for Saskatchewan put the wheat crop for that province at 301,000,000 bushels. WILL DISCUSS SITES. Citizens to Meet With Officials te Study Junior High Plans. Representatives of the Rhode Island Avenue Citizens' Association and ine dividual property 6wners will meet withy the Board of Education’s committee on buildings, fiounds and equipment, in the Franklin Administration Building, at. 4 o'clock this afternoon, to discuss the selection of a site for the pro- posed Brookland-Woodridge junior high school. Three definite locations for the new institution, designed to serve the junior high school needs of the general ter= ritory embraced by the Bladensbur road, the Northeast District line an the Brookland limits, east of Fourth street northeast, have been under cone sideration for at least a year. These are situated at Fourteenth and Hamlin streets, Eighteenth and Irving streets and Eighteenth and Quincy streets northeast. The sites contain frofh cers will be elected tonight. three to seven ‘acres each. “We didn’t know | comfort like this in those days” the fretting they had to go through in order to keep a home warm and comfortable. Today he lives in a home kept uniformly at 72 degrees —day and night, in all kinds of weather—simply by setting the temperature control in the living room and leaving the rest to Noiseless Nokol. And his folks are enjoying this splendid comfort and convenience, just as you may enjoy it—easily— inconvenience, no change quickly—inexpensively! Out come the grates of your present furnace —in goes the Noiseless Nokol! No in your present heating system. Your fam- ily begins immediately to enjoy clean,healthful Automatic Oil Heat. Send today for details of our attractive Budget Plan and the colors! new free book on.modern home heating—beautifully illustrated-in AUTOMATIC HEATING CORP. 1719 Conn. Ave. N.W. Noiseless N& CLEAN AUTOMATIC OIL North s Y& 7 . COAL €G. U.S. PAT. OF HEAT 4 MODEL G of your Budget Plan! 627 7 ¢ Without obligating me in any i £ way, please send your at- tractive book on modern home heating and’ details convenient Heating Corp. Y \ // Automatic 1719 Conn. Ave. N.W. / Name..ivoiivennn £ Al CRY Voo