Evening Star Newspaper, August 20, 1929, Page 10

DA oo ] RSP “\GAIN IS FORECAST July Business of Carriers _Established Record—Econ- '*" omy in Operation. @pecial Dispatch to The Star. 4| NEW YORK, August 20.—This weck will bring forth the July earnings state- “ments of most of the large rallroads of the country. As the volume of mer- c¢handise and agricultural products 'moved last month was a record, it is .expected that a set of remarkable op- ‘erating figures will be presented on !which further upward movements in iyailroad stccks will be based. ‘These will supplement the six months® “ghowing of the carriers, which was one 'of the best in their history. An analy- |8ls of the returns for the first half of 1929 indicates that in that period they ,had a net operating income of $563,347.- 135. This compared with $462,227,525 n the corresponding months of 1928, The effect cf the gain of $100,000,- 000 was to raise the rate of return on the property investment of the class 1 roads to 5.54 per cent, as against 4.62 .per cent in the first six months of last year, 4 Operating Efficiency. _This was due not only to a substan- tial gain in gross earnings, amounting to $152,000,000, but to a high operating ‘efficlency. The operating ratio dropped from 75.78 per cent to 73.32 per cent, Wwith properties all maintained at ai ‘excellent standard, but with economics effected through larger train loads, a ‘greater daily mileage of cars, & saving {in fuel and in shopwork. " One of the groups in the class 1 rail- roads and pepresenting the Eastern car- giers was able to earn a return on prop- Efiy investment of 6.05 per cent. This highly satisfactory to the roads in the Eastern district, which include a mumber of those that may at some future date be compelled to pay over & |part of their earnings into the Govern- ‘ment fund. | Other sections of the country did not yshow up so well. For instance, in the Southern district the annual rate of re- turn was only 4.39 per cent, although in the same period of 1928 it was down |to 4.05 per cent. In the Western diz- trict 5.33 per cent was earned on the | property investment, compared with the annual rate of return of 4.44 per icent for the first_six months of 1928. This includes some of the lines in the Northwest that in recent years have arned less than 4 per cent per annum. ""A comparison today between the [prices at which public utility and rail- ¥oad stocks are selling emphasized the ‘great discrepancy between the two \classes when based on the ratio of mar- ket values to earnings per share. A |case in point is that of American Tele- phone & Telegraph, which sold around $300 a share, pays a dividend of 9 per cent, and earns about 13 per cent. The nearest to it in respect to price among the rails is Unlon Pacific, which was today from 10 to 12 points lower than American Telephone & Telegraph, al- though it pays dividends of 10 per cent and earned this year between $18 and $20 a share. Atchison common was even lower by 10 points than Union Pa- cific. It pays a dividend of 10 per cent, and this calendar year is expected to earn nearly twice as much per share as American Telephone stock. Another Contrast. The same line of argument is also | be applied as between General Electric, hich 1s quoted around $400 a share, ith a comparatively low dividend re- turn and relatively low earnings per ghare in contrast with the railroad stocks. One of the popular public util- ities, namely, American & Foreign IPower, is seliing between 50 and 60 times its earnings. ‘,CRUDE OIL PRODUCTION " AGAIN SHOWS INCREASE By the Associated Press. TULSA, Okla., August 20.—The daily .average crude oil production in the United States for the week ended Au- gust 17 was 2,960,296 barrels, an in- icrease of 26,515 barrels over the pre- vious week, the Oil and Gas Journal geported today. The mid-continent total production of light oil showed an increase of 15,632 barrels, while heavy oil produc- tion in this area fell off 120 barrsls, the figures for the week of August 17 being 1,588,838 barrels and 52,615 bar- |wels, respectively, in the mid-continent. Oklahoma flelds, producing light oil only, fell off exactly 600 barrels dur- |4hg the week, as compared with the previous week's mark of 723,670 barrels. |""The Texas Panhandle area showed a in of 11,000 barrels, and California |1ight ofl production was up 21,000 bar- rels, although the heavy oil from that field dropped 2,000 barrels. j POTATO MARKET. CHICAGO, August 20 (P).— (United Btates Department of Agriculture).— Fotatoes—Receipts, 139 cars; on track, B21. Total U, S. shipments, 450 ca demand slow, market slightly weaker; SWisconsin sacked round whites, U. S. No. 1, 2.50 to 2.75, mostly 2.65 to 2.70; ebraska sacked Irish cobblers, U. S. No. 1, 2.40 to 2.60; Minnesota sacked early Ohio's, U. 8. No. 1, and partly graded, 1.90 to 2.10; Idaho sacked Rus- @ets, No. 1, few, 3.00 to 3.25. DEPOSIT DATE EXTENDED. NEW YORK, August 20 (#).—An ex- tension until September 6 of the date for deposit of the Seaboard Air Line 5 iper cent adjustment mortgage bonds ,under the reorganization plan was an- mounced today by the reorganization «committee. Although 79 per cent of the total of $25,000,000 had been ten- !dered up to August 16, the committee [ rds it as essential that there should e further substantial deposits if the en 1s to be consummated. DIVIDENDS. Regular, Pe. Pay- Rate.riod. sble. Hldrs. of record. o Ghr s B 1 B s BRI SRR dd g da it e 8 WS E e B RS PESSERR2RS o e Touisville Gas & Flec. .lnd B. Mangel Stores | anier (D& sons.. | et Grocers vt hell 25 u-"'.:'§;. £} SR B B S e goRoERRoBRORRCOR B OREORZEOxORRORRRRRORRRROOT DOOODOLODOOOOPO © LOOLODLOOOOLOOLOOD; ODOD P | Mach $7 pr | Epecialized SE _ Can Bread new. | pinenin Jn & Co Lt 8 o BY CLINTON COFFIN, Assoclated Press Financial Writer, * It is possible to obtain in Washington now among the experienced some pre- dictions that a new tariff bill will not be passed this year, and there is wide- spread conviction that such a measure will not be enacted for some months at least. The schedules just released by the Senate finance committee include many duties substantially lower than those approved by the House last Spring, but it is fairly apparrent that these lower scales must face in the legislative body formidable opposition from several directions. Differences of such extent between the two houses can scarcely be reconciled in a short time. Further, farm organizations which have contended at this session for ap- plication of tariff duties to derivatives of agricultural products, and to substi- tutes for them, have again failed to get the principle incorporated on any broad scale in the pending Senate proposal. At a time when the administration is credited with seeking to obtain a greater measure of agricultural protec- tion in tariff schedules, it is possible that more contest is in prospect before this point is finally dropped, and such things 2s cocoanut oil, sago, starch and molasses are finally disposed of. All this prospective delay will not affect very happily a sizable group of persons engaged in the import trade. Commerce Department figures® show that beginning in May imports began to swell, and in later months to rise to a point that occasioned an unfavorable turn in the usual balance of commodity trade favorable to the United States. Investigation disclosed that great quan- tities of materials were being brought into_the country in expectation of a tariff produced price increase. The sugar movement was the most notice- able, but the most remarkable in pro- portion was with the allied commodity molasses, which is the most important raw material for manufacture of indust- rial alcohol. A considerable quantity of other items, including .some wool of various types, apparently moved into storage in this country for the same reasons, Just how the various operations will work | §: out only the operators and the income tax coliectors will actually know. Briefs now being worked up for the | q Association of Rallway Executives to present to the Interstate Commerce Commission in a pending_ controversy are based upon the somewhat startling conclusion that between 50 and 70 per cent of railroad freight business is done on credit. It is pretty short credit, but nevertheless credit, and the. National Industrial Traffic League, representing most important shippers, wants consid- erably more time than is now allowed. The extraordinary freight volume now moving oh American railroads, analysis shows, is very largely the product of the operation of large-scale business. Small or occasional shippers and consignees of freight pay spot cash in advance or on delivery. Large concerns, regular users of transport service, under long- established practice, are given 48 hours to meet such bills, and if they care to post reasonable bonds—which most of them do—they may take as much as 96 hours to meet the carrier accounts. This period is deemed necessary to en- able & check of the freight bills by the bookkeeping staffs of the business houses, and the league contends that under modern conditions of increasing traffic volume that period ought to be stretched to & week or 10 days. One small fact the carriers are citing in opposing the extended time is an index of the huge proportions of mod- ern American business. The railroads calculate that to give shippers three more days in which to settle freight bills would increase the national rail- road working capital requirements by $86,000,000. At least that sum would permanently kept in suspension, aside from the hazard of credit loss, however slight or great that might be. Latest customs records on imports class cocoa as by far the most impor- tant commodity furnished from Africa for American consumption. Out of 34,- 481,606 pounds of crude cocoa brought into the United States in one month British West Africa furnished 12,375.544 pounds and other African areas fur- nished additional amounts. The African monthly cocoa imports were worth about $1,500,000, or considerably more than the average monthly import of dia- monds from the same continent. African cocoa may have a competitor for first place in supplying American commodity demands within a few years. ‘The large scale experiments of some United States concerns, notably the Firestone Tire Co., in rubber production in Liberia, may come to successful fru- ition, and if so the rubber tonnage shipped here from the Continent will become important. “The importance to the United States of a study of these trends is accentu- ated when 1t is known that this country receives 42.5 per cent of Japan's total exports,” O. P. Hopkins, acting director of the Bureau of Foreign and Domestic Commerce, says in a foreword to a new Government publication analyzing Japanese business. “Likewise, in Japan's import trade the United States leads with 28 per cent, or 12 per cent in ex- cess of the next important source of her supplies. “Japan does not hold so great a mo- nopoly as is generally believed in the export of those commodities which have been usually regarded as special to the country. Camphor accounts for less than 3 per cent of her export values in recent years, While about 68 per cent of Japan's total export consists of silk and cotton manufactures, these are important commodities in the trade of other countries.” Airplanes for interstate passenger transport, by & new Govenment r - tlon, must hereafter have at least one exit for every six persons in their rated passenger carrying capacity. The pres- ent requirement is that there be two exits to each cabin, but the change is made In the interest of safety. ‘This requirement, which has been approved by the manufacturing indus- try, will probably work out to give a highly individual appearance -to the growing numbers of large-size planes that are on the designing board or under assembly in the factories, and distinguish the air carrier sharply from the railway coach and the bus in their passenger arrangements. If the Ger- man type of 100-passenger plane proves E;uficll—and American concerns are own to be looking it ovér—the cabin sides will literally have to be a line of doors. —_— PATTERN BUSINESS GAINS. NEW YORK, August 20 (#).—Joseph é‘.’ Moorte. cl lnn of E:x‘::p:“mfl* ., Teturning from today, stated that the heightening of the w-uyt line in women's styles for Fall is the most radical change in the past 15 years and should bring a substantial increase in the company's pattern business. 3 NEW OCA'I'ION & MUDDIMAN ¢ 911 G St. N.W. Phone Nat. 0140-2622 he me For e, Hom® Suburbery Somithage! * Oil and Gasoline Lamps, Chimneys and Wicks Oil and Gasoline STOVES e e Vases and Old Lamps Made ' Into Modern Electrie | THE EVENING STAR, WASHINGTON, D., €., TUESDAY, AUGUST '20, 1929. IS PLENTIFUL HERE Fruits of Various Kinds Also on Display at D. C. Market. Plentiful supplies of fruits and vege- tables were in evidence in the commis- slon house district this morning. Sup- plies were not moving very rapidly, however, and most dealers told of busi- ness being slow and draggy. Malaga grapes, first of the season; new grapefruit, some exceptionally large plums and very large Bartlett pears were among the California products to attract attention. Grapefruit, last season’s stock, have not been very plentiful the past month or more and the stock on hand this morning attracted attention of buyers, wholesalers quoting them at $9 a box. The grapes sold around $2.75 for 24- pound containers, while the plums were quoted at $4 a box. Other Fruit Prices. White Heath peaches, choicest of the variety of clings, also appeared in the local market this morning, coming from Levels, W. Va., and finding ready sale at $2.50 a bushel. Elbertas and other varieties of freestone peaches continued plentiful, selling from $1 to $2, few extra large peaches selling slightly higher. i Cantaloupes and watermelons from nearby Maryland and Virginia continue in plentiful supplies and cheap prices | are reported. Honey balls from the West also continue plentiful and cheap. Potato prices have not declined. | wholesalers continuing them around $6 and $6.50 a barrel, No. 2 stock selling | at $2 and $3. Lima beans also continue in plentiful supplies. They were quoted from $1.25 to $2 this morning, while stzrg:)gleu beans readily brought $2 and Cauliflower, celery and lettuce of the Iceberg type were received in supplies more than ample to meet demands, and lers also continued to receive ample l\lgg“el of several smaller vegetables. irly large quantities of chickens reached the local market this morn- ing. Receipts were not as heavy as has been anticipated, however, but suf- ficlent to meet demands. It is believed receipts of chickens this week will not be especially heavy and that higher prices will rule before the close of the week’s market. No change in prices in eggs has been reported since the close of last week's market and prices of most commodities today were about g:e same as prices quoted the past few ys. Today’s Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 44lsa ;gl/i tub, 43l;a44ls; store packed, a30. Eggs—Hennery, 38a4 38; current receipts, 3: 5 Poultry, alive—Turkeys, hens,, toms, 33; Spring chickens, large, 28a3( medium, 27a28; small, H horns, 24a25; fowls, 28; roosters, 22; ducks, 15a20; keats, young, 60a70; old, 35a40. Dressed—Turkeys, 38a40; Spring chickens, large, 38a40; medium, 37a38; small, 35; Leghorns, 33a35; fowls, 34a 35; roosters, 26; ducks, 28a30; keats, 90a1.00. Meats, fresh killed—Beef, 24'5; veal, 28; lamb, 30; pork loin, 34; fresh hams, 30a32; fresh shoulders, ; smoked hams, 30a32; smoked shoulders, 20a22; bacon, 28a30. Lard, in bulk, 15; in packages, 16. x';Ave stock—Calves, 18; lambs, 12% al3, Fruit and Vegetable Review. The daily market report on fruits and vegetables, compiled by the Market News Service Bureau of Agricultural Economics, says: Cantaloupes—Supplies moderate; de- mand light, market steady; mostly trucked-in stock supplying the market. Eastern Shore of Maryland, standards and jumbos, all sizes, 1.00a1.75. Mis- cellaneous melons—Supplies light: de- | mand moderate, market slightly stronger. California, Honey Balls, jumbos, 36s and 45s, 4.7525.00; jumbos, 27s, 4.00a4.25; standards, 36s and 45s. 3.7524.00. mostly 4.00; ponys, 45s and mostly around 3.00; s, 168, 2.50; standard flats, 12s and 15s, 1.75. Lettuce—Western stock: Supplies lib- ; demand moderate, market steady. California, crates, Iceburg type, 4-5 dozen, 4.5024.75; fair quality and con- dition, 3.5024.00. Colorado, crates, Ice- berg type, 4-5 dozen, ordinary quality and condition, 2.50a3.50. Onions—Supplies light; demand light, market stes Massachusetts and Wis- consin, 100-pound, sacks yellows, U, s.| medium_to llrg size, mostly Towa, 100-pound ' sacks , medium size, 2.75a 2.90. Peaches—Supplies moderate; demand light, market steady. Maryland and Virginia, bushel beskets Elbertas, U. 8. No. 1, large size, 1.65a1.75; medium size mostly around 1.50; fair quality and condition low as 1.25. West Vi a, bushel baskets, white clings, 2-inch minimum, U. 8. No.. 1, mostly around .00, Pears—Supplies light; demand light, market steady; California, boxes Bart- letts, fancy, mostly 3.25, few large size low as 3.00. ‘Watermelons—Supplies moderate: de- mand light, market steady; West Shore, Vlr%inh, various varieties, selects, 50265 each. Sweet potatoes—Supplies moderate; demand light, market slightly weaker; East Shore, Virginia, cloth-top barrels, yellows, No. 1, 6.00a6.25. Potatoés—Supplies moderate; demand light, market steady; Virginia, 150- pound sacks Cobblers, U. S. No. 1, fair quality, mostly 5.50; New Jersey, few sales 150-pound sacks Cobblers, U. S. No. 1, 5.75. Lima beans—Supplies moderate: de- mand light, market steady; East Shore, Maryland, bushel hampers, 1.50a1.75. Pcas — Supplies moderate; demand light, market steady; Colorado, 45-pound crates, 3.9024.00. Apples — Supplies liberal; ~demand light, market steady; Maryland and Vir- ginia, bushel baskets, various varieties, U. 8. No. 1, 2! inches up, 1.2581.75. A. 1. B. GOLF TOURNEY. The first annual golf tourney of the ‘Washington Chapter, American Insti- tute of Banking, started today with about 25 entries. Playing is on East Po- tomac course. The tournament will gon- tinue through Friday. Henry F. Kim- ball of American Security & Trust Co., chairman of the athletic committee of the lt;hnpler. is in charge of arrange- ments. Upturn in Steel Busine NEW YORK, August 20 (»—E. J. Kulas, president of the Otis Steel Co. stated today that the company’s bu ness has shown a decided upturn this month, orders for the first 17 days of August running 19 per cent higher than for the same period in July. Operations in mo]ctt departments, he added, are at acity. (T PEERLESS FURNITURE CO., WAREHOUSE [T Closing Out! Before we conceived the idea of these regular WAREHOUSE SALES we were losses on many pieces of fi tions, etc. NOW we take th. but we have the satisfaction of seeing the savings TOMERS, and we consider mighty good advertising. go to PEERLESS CUS- that List of Furniture Bargains just like this one in big ‘us.so Gl‘s‘fu Leg gfibm your cholce of several s. TATTed. s sernsinenren $OID mfl.zfl Od(;(h?ed;xol?.hecm"‘ and nches. e Tot $2.49 $8.95 Center Parlor or Bedroom Table, traded in. (One $1 49 Only.) ..cceciesnccacens - uDDExl.n l’.lr‘!’%u ‘Walnut-ve- neer Dresser, from $225 it Top marred.... $16.85 m’fil.fl) %Imns DD':MQ Day-bed, comfortable mal “New sampies. . $13.98 $298 Fine Carved Rail Top Bed- Davenport Suite, bow front. Best construction and finest jacquard covering wltl’l:l satin %nlmuk reverse on seat cushio loor $195 Carve Ral Living Room Suite, best spring construc- tion. . Finest cover- 99 ing . s .75 29.50 Odd Walnut Veneer Serv- {:‘ 'l‘ll;::. (N;!‘n kSZoofln'D $250 din- g - suites. ake fine Togto cabinets < sor. $1+43 $1.98 Wrought Iron Table Torcheres and Boudoir 49¢ Lamps ud’i:u Oak ’Pl';p-lurwr Refrigerator, 800 3 m stor- e .00 ciua, St out o 8205 910, 75 » left out of $229 Long Bed Davenport 3-pe. Suite, covered in durable taupe ve- R e $10150 1pO] quality suite through- out. (One only)..... $95 Three-piece Oak ette Duofold Suite, opens full bed. 918 M story brick Inill_l!m )slnly .: parking space. event] Ninth or 14th St. cars and get off at M St. N.W. Short walk. Inquire for Woodward op’s old warehouse. WAREHOUSE OPENS type L $249 -] Bed-davenport Slllfil, fine r!;;,lma ;:;l best jacquard velour covering. m Storage errereeorres SOL.TS ”3’:4.50 Ognl c"a'"{ lldm! Rockers left over from duofol suites .- " $4.95 $198 10-pc. Dining Roon‘l s““fi o{ nnin h;rdwoodx and genuine walnut graine veneers. (One only) .. 399'75 $39 Breakfast Suites with drop- leaf table and four chairs, Tan and red enameled. From 89-75 storage. (Only two sets) $19.75 Polychrome Gas Floor l:n;p. comple!eh whhulllk fringed shade. Welsbach mantle d pipe. (Six in the lot.) $4‘-98 $49.00 Simmons and Englander fine Day Beds, with walnut metal win mattres. “Rew 806 50 wi 5 ; 24 48-inch Reed Fiber Setie, traded 1n-eerer.: 9805 wlfl”‘“hym Model dl:lwnnnph, P! any recor Just one floor sample.... $9'75 1ng Hoom 'and_ Kiehen m Chairs. (24 to be sold). sl'oo 219 Overstuffed 3-pc. Long Bed- IB):';en t'Snlte,l gvered with er's cut velour. $9.75 Porcelain-top Kitchen Table, slightly damaged. (One $1.75 2 Large El;;;{rm vory ' '3 Toaded e PR 15 Ivory Enamel Table. Toaded 1 -rer.: 93498 $85 Beautiful “Qn:rured Oak excellen condition. Traded in.. $19‘75 st g STT Starts 8 AM. $12.50 Simmons Walnut-finish C’:en’l.lnlll:nlepnltt !h:’ml Beds. All sizes. Most of m are new floor samples....... 86'48 $9.75 Simmons Guar- $15 Extra Heavy Pure Cotton Roll Edge Mattresses. All sizes. $6 98 New samples. (Six in lot) 2 h’::s s’l‘llulr:e-pkee anod Frame rlor Suite, good velour seats. Traded in........ 36‘95 $189 Walnut Veneer Bedroom Suite, large dresser, roomy chifforobe and bow - end bed. $48.75 $12.50 48-n oor Sample Davenport Tables From storage . $3.98 Tomorrow Only—Wednesday, August 21st $22 Exira Fine Coil Bed Springs, guaranteed 25 years. All $9.88 sizes. New samples..... Dresser with $45 Large Size $6.75 big bevel edge mirror. storage $349 Extra Fine 10-pe. Dining Room Suite, turned back by cus- tomer leaving town. First- class condition. A real 3158 it covering. New samples.......... $59 Duofold Bed, covered with blue leatherette, hardwood mahog- any finish frame. From $14.95 . e . $49 W':.Innl Vmecr‘u Double Door Son. " From sorage. ., $19.75 $49 Large 3-mirror Vanity from $200 suite. Slight- Fioor Lamp Shades hme; ONLY InAlley, Rearof 918 M St. NNW. Large Brick Building—Pl f Parking Space Toaie fer Woodward & Lothrop's Old Warshowse Vadsco Sales -Col tion reports profit for the first half, before Federal taxes, of $918,543, against $542,698 in the like period of last year. Dubilier Condenser ation re- ports net profit for the full year ended June 30 of $169,999, or 56 cents per share, as contrasted with s net loss of $131,356 in the preceding year. — e —— = Americans will construct & large hotel in Santiago, Chile. i ! EARNINGS REPORTED. NEW YORK, August 20 (#).— The American Machine & Foundry Co. to- day reported mnet profit for the six months ended June 30 of $1,076,685, mote than double the $486,299 earned e e cluding company’s lon- ate interest in the flmlly‘ln of its sub- sidiary, International Cigar Machinery Co., fotal net profit was $1,227442, equal after preferred dividends to $5.86 per common share, against $635,737, or $2.90, in the first half of last year. Interstate Department Stores cleared net of $496,376 in the flrst half, equal to $1.71 a share on 233252 common shares, against $376,111, or $128 a share on 204,388 shares, in the first half of 1928, Household Products, Inc., ° reports earnings for the first six months of $1,519,759, or $2.64 a share, practically unchai from the like period of last year, when $1,519,246 was cleared. How many OPERAS do YOU Eknow? Not music . . . but shoes! If you know our shop, you probably know how many different opera slip- pers we show . . . And you’ve no doubt discovered several that seem made just for you! What individu- ality, what charm, these I. Miller slippers have! The prices are 12.50 to 18.50. (Fifth Floor, Shoe Balon) Tar Hecnt Co. “F Street at Seventh” L | 000 All Hands Up!... Schooltime Appa rel of Timely Importance, Outrageously Smart Granted that the “under-sixteen’ must be garbed with as much care and fore thought as the “over-sixteen.” Where to get smart frocks that can withstand the raising and lowering of childish hands doz- ens of times a day — that can go to the blackboard fifty times a week — that can rub elbows with a desk hundreds of times a month . . . and still be fresh and smart? Please Raise Your Hands! Those Who Know the Answer “Easy,” we say, for we are all prepared with crisp new “Lucette’ frocks that boast dainty patterns, with colors all fast and durable for many launderings . . . blue regulation style with bloomers. Frocks with bloomers in sizes 7 to 10. Straight- line models in sizes 10 to 14. Price (surprise, surprise!) . . . 1.95. Girls school shoes . . . smart, new and practical. Sizes 814 to 2 , 4 4 4.00. @ One, Two, Three, Four —Bend . . . Comes the order as sturdy muscles obey. But what of the schooltime knickers? Are they built to stand the strain? They are, if purchased from our new shipment of woolen, cassimere and cheviot knickers in new Fall shades. The boys love ’em. , » they’re made like Dad’s. Sizes610 18. . . '1.95. And shoes for him . . . oh, yes, and good ones. Sizes 10 to 1314 and 1 10 6 oo 4.00. Second Ploor, The Heeht Ce. IHE . . HECHIC “F Street at Seventh” 0.