Evening Star Newspaper, June 19, 1929, Page 13

FINANCIA THE EVENING STAR, WASHINGTON, D. C, WBDNESDAY, JUNE 19, 1929. CURB ISSUES MOVE T0HIGHER GRUUNI] Public Utility Group Again Leads Market—Profit- taking Heavy. BY HARRY H. BECKER. Special Dispatch to The Star. NEW YORK, June 10.—Active trad- ing in public utility stocks continued to feature a more irregular price move- ment on the Curb Exchange today. In general, the principal changes were on the side of advance, and the total turnover was again heavy, but there were more frequent interruptions to the advance as profit-iaking de- veloped at levels represented new records. Prominent Stocks. In the early part of the session the | outstanding performers were American ‘Gas & Electric, Electric Investors, Mid- dle West Utilities, Allied Power & Light, Central _States Electric and Northern States Power “A,” all at the best for the year and longer. Standard Power & Light, heretofore overlooked in the general utility boom, soared half a dozen points 10 a new peak, while & fair degree of support ‘was accorded others. nsolidated Gas of Baltimore, whose rise was abruptly halted Tuesday by an official denial of merger rumors, resumed its advance, but in more orderly trading. Common- wealth & Southern was quieter, and so ‘was American Superpower new, with- out much change in price. Shares of the upstate properties which are to be acquired by the new Niagara Hudson Power Corporation, un- der terms expected to be made public momentarily, were forced to absorb con- siderable realizing and were less prom- tnent than heretofore. ~Northeastern Power sagged a steady opening, and Buffalo, Niagara & Eastern shares were practically unchanged. Other strong utilities included Elec- tric Bond & Share, American Light & ‘Traction and the United Gas Improve- ment issues. St. Regls Paper reacted after advancing further in !.he first few minutes. Improvement over a wide list of eous issues gave the rest of ‘the market a stronger appearance than in some time. Bristol Myers climbed r half dozen points and sold at & new record high. It was influenced by reports of impending favorable de- lent. Stocks like Eisler Electric, & Radio Tube, Sentry Safety Control, Rainbow Luminous and Evans ‘Wallower Lead, in the lo riced sec- tion, made a better showin Realizing Apparent. Among the higher priced representa- tives, Great Atlantic & Pacific, up 15; Libby, Owens and Swift were active and strong. Further realizing was re- flected in renewed heaviness among the investment company issues and in the aviation department, which were other- ‘wise featureless. Oils were inactive. Motor shares failed to follow up the improvement which developed late in preceding session and generally eased off. Little interest was shown in the mining stocks. Washington Stock Exchange SALES. Oapital Traction 55—8$1,000 at 88, $1,000 at 98. Potomac Electric cons. 5¢—8$2.000 at 10 rr:mmac Electric 6s 1053—$1,600 at | 2 ”t()l’l Gas 6s A—§500 at 102. Wathington Gas 6s B—§3,000 at 104. Capital Traction Co.—10 at 92, 10 at 92, 10 at 9134, 10 at 911y, Nortolk & “Washington' Steambpat—10 at 300. Pogomu Eiectric 5%% ptd.—5 at 10615, at 10614, uh gton Rwy. & FElec. pfd—8 at s’ National Bank—5 at 575, 10 at cflumbh Sand & Gravel pfd.—10 at 0. Federal-American Co. btu —30 at 101. Merchants' Transfer & Storage com.— 10°at 127, 13 at 127. National Mtge. & lnv pfd.—100 at 44, *80 at 475, 100 at whrl Corp.—15 at 'l!!fil’ nal Ref. & Real Estate Mtg. & Guar. ptd.—200 at 7%. AFTER CALL. ington Gas 5:—$1,000 at 993, .l 000 at 8915 Potomac Eleemc 5%% pfd—10 at 06%, 20 at 106%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. MISCELLANEOUS. Barver & Ross, Inc. 648 Cham -Vanbit. Hotel 61st Chestnut, Faring Dajry %4 Sy Yas Paper Mie b pm Joint Siock 1d. Kt Cold Btora . Cons. Title Co. 6s. STOCKS. PUBLIC UTILITY. American Tel, & T Potomag Elec. Wash. Ry, & & Elec ‘Wash. Rwy. NATIONAL BANK. National Capital . ‘olumbia Commercial " nd 22 National Bank of Washington. TRUST COMPANY. American Security & Trust y Seventh Stree Unjted St Washinston Mechanies [ PIRE INSURANCE. Ameriean seoran Netienai' Union eral ;:deml American Feasral-American Lanston Monotype Merchants’ Trans, & & uerch Trans. & Btora o, us, Elorv' pid’ fi‘. &, \uny ‘P% L al m i which in several cases | | | NEW YORK CURB MARKET s m’. mu 196% 978 5 Amer Sol ‘& ‘Ghem . 3812 151 Amer Superp n by Amer_Superp rts . 1} Am Super ‘pfd... 2Am Buper 1 pfd El A 3 Ass0 Gy & den rii 96 Atso Gias & EI new, rts s {commodity trade balance much viation Sec xton Fisher A. ahla Corp 2> > > £ < Steel T Bway D S 1 od 2 Budd M) s s u‘s‘;.‘._-o 25202355 FEESETEEEG Burma _ Cory 1 BurroughAad Mach n 61% 17Cable Rad ‘Tube ‘vie. 1 7Can_Marcon! i mcmuunn Mux a 2. &+ sligrnd & S a Zaysstzalsmufs . 54% 11 Eent Sia £ cony 'pid 218 Gent ste El'ptd ww ‘831 2Chain Store Stock.. 307 o4 5 - 05900! - 23 gam Auto Mer vic:! ons Auto, Mer prd. 1 Gooy 2 Courtaulds Lta 33 Grocker Wneeler iss Airport vié avega Inc 2 Davis Drug al 1Dayton Atrplane. 2De For R C... hler S vl fi Co. efl\ An i Can nnu i 335555355 BEBELE3 ! 2 SFEEEE S 3 NRRSE! ;‘#‘f 999920000009 B B mflfi mi’: m i s fl :« 1gw EB i 8% 0 9 ramaph Co Ltd T ol 3 o and Rap Vi FALE 1 Bon-vie 8, rigsby Grunow n Grip 8I Pire . 2000 - i3 e iram k Horn & Hard ... Houtehold Pin' ptd Huylers cum pfd 3322252 28 PEE F ntegn Util B 1Interst Hosiery 11Investors Equity’. 53 :;ES"»-’:..%SS!S!;&.:S i eystone Aircraft olster-Brandes 1 Mangel ‘Stores 188 Marconi Tntl Mar Marc Wire Lond B! ;""“ Bottling . Mavflower Assn 2 McLellan: 8lor &AIE IEEE 0 s 1003 s 46! i Reg 2 Missourl Kans Pmel 2 Mohawk Hud Pow x 3 33 Mon Hud B m »id N)B‘x 10602 1081 ud war . 113 Monenk Wada " wi $ f3n 0 &3 $an b & 7y b e A - ST 2ORSSERENANENNIUNS: ...." S W SRS sesdEd RETEE RSS! £F B 26% 20 48 Y 3% T Ty w Frensuecs % Wi 80 41 1% 10 28'a 1 3 181 37 Raizbow Lum P A. & Lt tand 8il Prop . tein Washington Ticker By the Associated Press. For the remainder of 1020 finance “|and industry in the United States will have to be conducted in the face 0]( a ess “favorable” than has been experienced in recent years, but should not find the experience either unsettling or depress. ing to general business. This is the con- clusion formulated by the Government's trade observers after considerable anal- ysis of May trade figures, which showed the Nation in a month had purchased | 814,000,000 more in forelgn goods than it sold abroad as exports in the same period. This is the firet month in three vears in which such an import excess has been prodiced by a month’s foreign trade. “If the present price levels of wheat, cotton and some forms of the meat products which bulk so Jargely in Amer- ican export totals continue through the Fall,” said Grosvenor M. Jones, chief of the Commerce Department's finance section, “we may anticipate that the national favorable balance of trade will be considerably below that of 1028, which set a record only exceeded by the years immediately after the close of the war. But it would be wrong to in- terpret the large totals of imports that may continue to be brought in each month as a bad factor in the business picture. If these imports are made up, as usual, of raw materials, of stuffs that constitute the basis of internal factory production, they will themselves indicate national ability to maintain a high state of activity in the creation of new wealth. “There has been a disposition arising from the experience of England, on the part of some American economists, to expect that our national balance of trade would necessarily turn shortly to favor foreign nations. This is because the continued flow of capital out of this country to foreign invest- ment runs up great sums in interest and dividends, which have to be paid back to Amerluns largely in the form of goods imported into this country. Personally, T do not _consider that this has happened yet. One month’s trade figures, especially a month in which by &pecial factors, do not constitute an extensive base for making estimates. ‘We shall probably have a balance of trade less favorable for 1920 than we had for 1928, but we will, nevertheless, continue to ship more commeodities abroad than we import.” One reason for expecting the con- tinuance of favorable commodity trade balance, with American exports is ex- cess 0f imports, is that foreign lending on & great scale by American capital is likely to be resumed. This has been shut off in recent months by credit | constrietion in the United Stat is likely to resume again with ?.llml | interest rates here, and so long as capital is flowing out of the country economists expect heavy export bal- ances to parallel it. “Foreign lending hasn't stopped: there is only & lull in it,” Mr. Jones said. “A considerable number of loan projects, approved by bankers and bor- rowers, are held in readiness to go to public offering in this country when- ever money market conditions justify it. Further, there is much direct in- vestment abroad now in course of being made by domestic corporations, which ;loea not take the character of formal oans.” Tin cans and pasteboard containers have grown sufficiently popular for cigar packing in recent years to force the makers aof standard cedar cigar boxes to a considerable degree of in- dustrial revolution. The National Cigar Box Association, which holds its an- nual meeting at Atlantic City next week, will hear considerable about stej which members have taken or may uE: to meet the conditions. “Popularity of tin and pasteboard containers has forced a series of mergers in the box industry,” said Dr. Hugh P. Baker of the United States Chamber of Commerce, one of the trade experts invited to the session. “Another thing it has done is to require very heavy increase in capital investment. Five or six years ag could be organized with about $2,000 worth of machinery; today, in the light of necessity for low costs in the prod- ucts, it takes $50,000 worth of auto- matic machinery to equip even a me- dhlm-sued plant.” ux large port,lon of bituminous mll sold during the coming years will be transferred under a standard form of contract, just drawn up and ac- cepted by the National Coal Commis- sion, representing the try, and the National Purchasing Agents, in which is included most of the buyers of large coal con- signments. The principal advantage of the document form developed by the coal association committee, which was headed by H. A. Glover of Indianapolis, and the purchasing nt group, whose chairman was T. W. Harrls, jr., of the Du Pont Om?flr lon, lies in the brevity and uniformity it offers. It is expected that its terms will hereafter apply to the largest part of the 250,000,000 tons of coal sold annually in the country on contract. ‘Two-thirds of all automobiles sold at | retail, one-half of all groceries and about one-third of the dry goods han- dled by department stores now appear to be sold on credit. The estimate was 7 | compiled by Dr, W. Z. Plummer of the Comn&ce Department out of a survey that k cognizance of the experience 3 4 | of great numbers of business establish- ments in each line. Less than 1 cent of the credit purchasers, on the average, defaulted on obligations, the study further showed. ‘The bad debts of automobile credit amounted to about one-third of 1 per cent of the sales, while the bad grocery accounts were about one-half of 1 per cent of the credit business. Depart- ment stare experience in selling on in- stallments showed the greatest credit loss, amounting to 1.1 per cent, though {on regular charge accounts dry goods merchants reported less than one-half of 1 per cent loss. American silk manufacturers have triumphantly proven that silk cloth for parachutes used as airplane oqu}gmem does not have to be bought 'x'hz nm fabrics hich proved satisfac meeting its nf lvhm ‘who have planes whiles till nlntt came from but when the Bureau of lumrdl took up recently a sclentific analysis of the quality of materials demanded, a num- ber of domestically produced suitable silks were found. American makers are now supplying Navy Department de- mands, and are also expeoted to pro- vide civilian aviators with the fabric. At the same time the Standards Bu- reau 8 still continuing parachute tests, to determine whether it is necessary ® use silk, which has to be imported as raw material. There is said to be (ood Y hope that a fine enough cloth can el e s e G 25~ very | normal trade currents were disturbed ! Received by Private Wire Direct to The Star Office SEFE & I ..»»......5:.. s 222883 aagn.o s S iver 0D iv m r "ot rth 222 gasysvnane <4qgaggaaadada; i P 25 ) EE 23, 1 Winter jZenith Radio 27Zonite ... | Bates in hundreds 10 Ariz_Globe C. 3 Chief Cons Min . BUDY LR REBRY! & EEet MINING STOCKS. 1 Wendon ma INDEPENDENT OIL STOCKS. rede. Cop oufds . 2 A B Colon Ofl . Sal nune 3 Woodley | Bales s-n\m:m |in unite. MER 80! cont Oil . 4300 cont Ol . o Cap @t TRRETRERANNGE Caswomos 0u Vecuum O.d Sales in thot. 32 =22 4 22 z = 3 32220022 (1135 e | S 5 253!2!%!3333!398 225252 ¥ 555 FEFE 5 3 3I223333372083335352 St B st o St & FEedved o35 s! 2 2925 o 0! 229929 279900000 - i e 8223! 3%, FELE g SOt TP 32339 3 % NIRRT pF 3 JegSeSeneaiy 38 Geo Aieo - "y 3 Gult our*en et [ S 23SeseeisaZed ¥ Ee SPRESTESE sSesseinsse ot .z:::"a:::.m‘.f! ‘t' FOREION BONDS. onnnd unuorak'l-'u 3 Baden 7s 51 o Ly FwWith warrante. . COPPER OUTLOOK GOOD: NEW YORK, June 19 (®).—The out- look for the copper industry for the re- mainder of the year is very good, John D. Ryan, chalrman of the Anaconda Ooppu Co.,, said on his nwm !rom He added that he did v i i [ higher and corn unchanged to % | & Trust Co. joined hands. MERGER OF BANKS HELD BUSINESS AID Billion-Dollar Groups in Mak- ing After Recent Big Consolidations. Bpecial Dispatch to The Star. NEW YORK, June 19.—With the| merger of the Chase National Bank and the Park National Bank announe- ed yesterday, there are three banking groups in New York City with indivi~ dual resources ranging from approxi- mately $1,750,000,000 to $2,00,000,000. There is a fourth group with resources approaching _ $1,000,000,000. A few months ago Chicago announced its first +/$1,000,000.000 bank.” Other combina- tions, in the East and on the Pacific Coast, have brought together institutions controlling deposits that a few years ago would have been regarded as tremen- dou< even for America’s financial cen- Wlthln six months there have been eight important bank consolidation pro- ms_carried out in this city. The most striking of these haé been the mer- ger of the Nut qnll City Bank witlr the Farmers’ ‘Trust Co., which brought under nne management re- sources of $2,000,000,000. Of nearly equal rank was the combination effected by the union of the Guaranty Trust Co. with the Bank of Commerce. Other Combinations. Later came the consolidation of the Hanover Bank with the Central Trust Co. and at about the same time the merger of the Seaboard Bank with the } Equitable Trust Co. The Chemical Bank and the United States Mortgage The Bank of America introduced a new feature into banking consolidations by taking ove'r the private banking house of Blair & Co. It is significant that & majority of the eight banking mergers since January have been between national or State banks and trust companies. This ar- rangement was of benefit to the bank t«hlt had no trust factlities. It involved 1so the ion of one or the other o( the two units to the merger of a cor- poration specifically functioning in the field of originating and . distributing domesuc and foreign securities. In the case of the Chase Bank it has brought to the joint control of this second largest unit in the local banking field an agency that has been pre-eminent in a branch of foreign banking, nlmely the American Express Co. This merger, by the way, involved wo national banks, neither with active trust company branches though both opellt- ing a successful securities corporation. Involved in the bank mergers of this year is the prominent element of com- petition for size between two groups that have tried to outdo each other in the matter of total resources. With this still an incentive, there are likely to be other alignments before the New York field is thoroughly combed. ‘The argument of those who have been prominent in developing the giant banking mergers in New York is that they are a necessity in a country that is rapidly witnessing consolidations of enormous size in industry and in the public utility field. Such consolidations have resulted in the establishment of a number of “billion-dollar corporations” in the past 12 months. They demand equivalent banking units in order that they may function successfully. Can Aid Fereign Trade. | Another advantage claimed for the big bank is that it can assist the grow- ing foreign trade of the United States | better than a small bank; also, that in a period of such great activity in se- curities and with brokers’ loans now totaling $5,300,000,000 these I‘T ag- gregations of banking caplul 1 help to_stabilize the money market. Critics of the Federal Reserve Banks are pointing to the fact that while the dis- counting capacity of the Federal Re- serve System has not éxpanded and its maximum facilities today are no greater than they were 10 or 15 years ago, when the resources of the country were much less than now, the size of the banking units has doubled and trebled in keeping step with developments to which the Federal Reserve appears to be unwilling to respond in the way of adjusting its discounting privileges to modern business conditions. WHEAT IN UPTURN AS MARKET OPENS Prospect of Early Federal Aid for Farmers Causes , Gains. By the Associated Press. CHICAGO, June 10.—With talk about Proj operations under the new Fed- eral marketing legislation acting as an incentive mf‘(ge bu.vlmgo d‘whe:‘t”! pneeg ave: T early today. nce of uf?fi‘ Canada was also a factor helping to lift values. At noon wheat was % to % net Og‘emnz at the same as yesterday's finish to 1, higher, wheat afterward scored a moderate general advance, but then reacted somewhat. Corn, oats and provisions were also firmer, with corn starting unchanged to Yo up and later showing gains all around. Wheat traders displayed much in- iterest today In statements which were aurrent to the effect that some agency @' the new Federal Farm Board would adnounce an intention of buying a large axount of wheat, and that if the an- noa'ncement itself did not sufficiently brimg prices up, the agency would buy the 'wheat outright, to market afterward eithdr at home or abroad. Coincident with | this statement and others of a similA\v_character, sellers were scarce and bA'vers more numerous at iimes to- day ex\'ept when the market advanced DearAh of any fresh rains today in dry dis\ ticts north and south of the Canadiad’ boundary also was given considera\le attention on the part of traders. i\dvices were likewise at hand that the w\heat crop in some sections of Nebraska w going backward on ac- 9t_winds in 1 Kansas, reports sections o Oklahoma — ————— GERMAN ENNDS AND STOCKS. NEW YORK, June 18 (Speclal — vE R yith drawing m’" n.c‘x?e}‘:;fl To0 % 3 Re o528 3! SE 3i ot »858a02T528 FE82922 0! 3333338332838 4333233373 3 28253BSTITRZ wSws Austrian A | purchased” by | Loft._Ine. F irst Mortgage Loans Lowest Rates of Interest and m‘m wa'mw&wwma.msm.\m Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., June 19.—White 1.75a2.00; sweet potatoes, 2.50; asparagus, dozen, 1.00a3.00; culls, 50a1.00; beets, 100. 2.50a3.00; beans, bushel, 2.00a2.50; cabbage, hlmper, 408 60; carrots, crate, 3.00a3.25; celery, crate, 1.50a4.00; cucumbers, bushel, 1.2583.00; corn, bushel, 1.50a1.75; beans, bushel, 3.50a4.50; lettuce, bushel, 50a 1.25; onions, crate, 1.75a2.10; Sprlnr onions, 100, 1.00a1.25; spinach, bushel, 50a75; tomatoes, crate 1.50a3.00; apples, bushel, 125a3.00: bdlackberries, quart, 10a15; grape fruit, box, 2.2583.75: oranges, box, 2.0004.00; strawberries, quart, 8al5; watermelons, 25a60. Hay and Grain Markets. ‘Wheat—No. 2 red Winter, garlicky, spot, 111%; June delivery, {11%. Corn—No. 2 export, June delivery, no quotations; No. 2 yellow, domestic, spot, 1.0921.10; cob corn, 5.2525.50. Oats—No. 2 white, domestic, spot, 55; No. 3 white, domestic, spot, 53a54. Rye—Nearby, 95a1.00. Hay—Receipts, none. While hay is arriving here in limited quantities only, it is more than enough for the demand, whidh is being supplied mostly by trucks from. nearby points, a few carloads be- | ing received. There is not enough bus- iness passing to establish prices on the various kinds on merit at a range of 13.00a16.00 per ton for timothy or clover hay. Straw—No. 1 wheat, 12.00a12.50 per ton; No. 1 oat, 12.50a13.00. Live Stock Market. Cattle—Receipts, 100 head; fair sup- ply, market steady. Steers, choice, 13.50a14.25; good, 15.00215.50; medium, 12:00a12.75; common, 10.00a11.50. Heif- ers, choice, 11.50212.50; good, 10.25a 11.00; medium, 9.00a10.00; common, 7.75 a8.75. Bulls, good to choice, stable, 10.00a10.50; fair to good, 9.25a10.00; common to medium, 8.00a9.00. Cows, good to choice, 9.50a10.50; fair to good, | 8.2529.25; common to medium, 5.00a .00. Sheep and lambs—Receipts, 600 head: fair supply, market steady. Sheep, 2.00 86.50; Spring lambs, 10.00a15.50. Hogs—Receipts, 150 head; light e ply, market steady. Lights, 12.10; Bes 11.75812.00; roughs. 750a10.40; light plgs, 10.50; pigs, 12.00. Trucked hogs, 15 to 30 lower than quotations. cnlves—mdgw 75 head; light sup- ply, market hig Calves, 5.00a16,00; no extras. Dairy Market. Poultry. alive—Spring chickens, pound, 30243, 31.32; Mghm"nn: 24a34; poor and thin, 23a25; old hens, 32a33; Leghorns, 26a28; old roosters, 18a20; dueu. 208 Iairgual;m:_’(owls, each, 50a1.10; pigeons, , 35847. sznecelpu. 1,926 cases; native and near! dozen, 3! current receip'.s 21 129 umnll 23821 ter—Good to hncv creamery, pound 43a46; ladles, 33a35; store pack- :‘gl‘l’fl) roll.s 31a3: process butter, NEW BUILDING CONTRACTS. NEW YORK, June 19 (#).—New building construction contracted for during the week ending June 14 east of the Rocky Mountains showed increases over the preceding week’s total and the total for_the corresponding week last year, F. W. Dodge Corporation reports. ‘The largest project in the past week was a $7,000,000 power plant to be erected at Sayreville, N. J. CANDY FIRM EXPANDS. NEW YORK, June 19 (#).—A grou| of 68 confectionery stores it New Yorl and nearby New Jersey cities are being interests representing OPPOSITE STATE "DEPARTMENT Ratize Second Floog af Seven Rooms fog $1 V188, oF £yl Jent in small unite. it ; ight rooms with high ceil- NORTH WASHINGTON REALTY COMPANY Shepherd 2400 6% NOTES Secured by First Mortgages Safe—Conservative Make your ssvines » and surplus funds 42 Ye.ar' work for you at EXperience the highest-inter~ n fimaneing est rate consistent homes and in the with ab safety. Wm. H. Saunders Co., Inc. REALTORS Main 1016 1433 K RESPONSIBILITY FINANCIAL. IN OPENING SALES Continued Favorable Weather and Crop Advices Results in Selling. By the Associated Press. { NEW YORK, June 18.—Cotton opened | steady today at a decline of 1 to 4 points on continued favorable weather | |and crop advices and relatively easy | Liverpool cables. The early decline to | 18.35 for July and 18.82 for December | brought in considerable covering. How- ever, there also seemed to be some trade buying, as well as a light commission house demand, and prices- steadled a few points by the end of the first half hour. Trading was generally quiet and included xunher switching from July to later deliveries, Private cables re- ported continental and Bombay liquida- th promoted by favorable weather ad- vices from the south, and said that order lists for cotton cloths were run- ning down. The weekly report of the Weather | Bureau was generally regarded as favor- | able, but appeared to have been dis- counted. -After easing off to 18.34 for July and 18.80 for December, or about to 8 points net lower, the market rsllled on covering. There was also some bullish comment on the statement in the weekly report that the weather during the week was not generally favorable for checking weevil activity. This probably helped the rally to 18.44 COTTON IS STEADY | | Lawyers, Investment for July and 18.89 for December. ‘This bulge was not fully maintained, | but the market was steady within 3 or | 4 points of yesterday's closing quota- | | tions at midday - | Imports from th! United States into | British East Africa have nearly doubled in the last five years. | Decorators 1018 15th . Let us have your applications for LOANS ON REAL ESTATE Immediate Action Courteous Treatment Our record of 35 years speaks for itself. Percy H. Russell Co. 1731 K St. NW. Doctors, Dentists, Bankers, Brokers And other professional men have the unusual oppefluni;z‘: rearrange to suit tenants. Act quick. Only a few offices left. Phone Main 5437, § to 5 daily. 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