Evening Star Newspaper, March 27, 1930, Page 13

b8 & E REVENUES GAIN IN FEBRUARY == Increase of $40,482 Reveal- ed in Monthly Report of D. C. Corporation. EDWARD C. STONE. Total net income of the Washington Railway & Electric Co. for February amounted to $407,656.88, compared ‘with $367,274.23 in February, 1929, an increase of $40,- 482,65, according to the monthly re- filed with the ublic Utilities Commission toda ating re’ enues totaled $440,420.47, against $452,027.33 in the same month last ye Op;ntmnl u'pumes and taxes amounted to $355,~ 201.22, compared with $371,691.98, leaving an operat- ing income for month of 8 George A. Garrett. 435.35 in February, 1929. "The corporation reported a non-op- erating income of $380,291.13, against $353,870.25 a year ago. Gross income, less operating expenses and taxes, to- taled $465,510.38, compared with $433,- 305.60 a year ago. Other usual deduc- tlom from gross required $57,853.50, as pared with $66,031.37 in February, 1929 lelving the above-mentioned gain in net income. For the first two months of the pres- ent year the company reports operating revenues of $923,488.44, in comparison with ‘9“ 905.79 in the same period last y and a net income of $457.- 01[“. llll-nl'z $305,574.87 in February, 1929, Power Company's Earnings Up. “The Potomac Electric Power Co. also its February "5‘? V)t;he :‘u‘:fllc es Commission ay, the & net income of $458,485.70, t $342,83.26 a year ago, a 115 672.44. m operating revenues amounted to ,965.31, in comparison with $808,- 'mnx an advance of $116,172.40. Rev- enues reductions took $420,633.45, against $401,436.63 in the same period last year, an increase of $19,196.82. Non-operating _revenues for the month were $504,331.86, compared with $407,356.28 in February, 1929, an in- crease of $96975.88. Gross corporate income for the month totaled $524.- o 490.86, in comparison with $418,549.88, an advance of $105,940.98. ‘The power corporation reported a net income for the first two months of 1930 amounting to $892,485.70, against $745,- 26364, a gain of l!"l 420.88. In cofnection wi bou‘x_“v.h?er:}l‘lmfi an r ny repo: oul hmmmotmmmmml increases in earnings reported so far this year are due to a change in ac- requested by the Utilities Com- Electric Power Co. officials that owing to the more ‘weather in February this year about two -nd one-fifth more included FINANCIAL. ~Prev. High. Low. 4% 34w 89 29% 28% 414 292% 124% 68 38 178 1511 145% 821y 116 99% 49 83 ¢ 110% Am Loco pf (7)... THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. Abitibi Power & Pap. 23% Adams Kxpr (1.60).. 85% Adams I'-!D Dt (6) 23 Adams Millis (2). 11% Advance Rumley...» 22 Advance Rumley ptf. 33w 89 29% 18% 3% % % W 142% 145% le au. T 144 W 826 821 104% 104% 99% 99% 294% 292 125 Alr Way El An(l“)- 1% Ajax Rubber. _m 99% Allegh’y C pf ww. 255% Allied Ch & Dye(ni 121 , Allled C& D pf (7). u 49% Allis-Chaimers (3).. 115 28% Alpha Port Cemt (3). 10 2 40% Am Bosch Magneto.. &% Am Brown Bov Elee. 117% Am Can (4). Am Car & F pf (7)... 75% Am Chain pf (1) 16 1 6% Am Chicle Co (13%). 4 19% Am Com Aleo(n1.60) 159 23% Am Encaustic (2)e.s 7 23 = ® Crranannd 109% 110 9Th 98 304 80% 29% Am&Forn Pwr pf(1). Am&Forn Pwr 2d pt. 19% Am Hawaillan S 8 (3) 109 110% 264% 254 48% 46% bl B % 113% 117 106 106% B8Y 8Tw 864 37 34 . 34% A% 9% 20% 20% 1% 1% 64 T6% 19 204 210 Am Mach & Fdy (7). 44 Am Metal (3) % Am Piano.... 77 Am Po: & L 100 Am Pow & Lt pf (l). 80 Am P&L pf Ast pan BEBerenn 17% Am Seating (2), 1% Am Ship & Com 69% Am Sm & Ref (4) 25015 249% 2431 2404 19% Am Woolen pf. 5 Am Writ Paper etfs 29% Amft Writg Pa pf(4) 8% Am Zinc Ld & Sm... 80% Andes Copper (3)... 22% Archer-Dan-M (2).u <4% Armour Del pf (7)., % 95 284% 2384 67 o7 59 AtUGuit&wWI lf(l) 63% 64 84 814 Cuba Ca: 15 112% 175% 27% 81 4% 49% 106 69% 3% 894, 9434 55 39% B5% 61% 35 18% 4% 15 59% % Crucible Steel (k5). 'roducts. Curt Wright Corp A.. Cutler-Hammr(3%). Davison Chem. .. Delaware & Hud ( Del Lack & W (7, Denv & RG W pf. Detroft Edison (8. Dome Mines (1) Du Pont de N (4.’ Eastman Kodak (18) Eaton Axle &8 (3).. Elec Auto Lite (8)... Electric Boat......s El Pwr & Lt (1) El Pwr & Lt pf (1 Elec Storage Bat (5. Emmerson-Brat A. .: Eng Pub Serv (31).. Eng Pub Sve of (6%) Eng Pub 8 ctfs (31).. Equitable Bldg (2%) ErfeRR....... Erfe R R 1st pf Eureka Cac Cl (4) Evans Auto Ldg 2 Fairbanks Co. Fash Park Asso Fed Lt & Tro (113). Fed Motor Tr (80c).. Fod Wat 8, A (2.40). Federated Dept 8 Fid Pho Fire 1(3. Firestone T&R( Firest First Nat Strs (3%). Fisk Rubber. Follansbee Bros (1) Foster Wheeler (3).. Foundation Co.veees FourthNatl Inv.. Fox Film A (§4) Freeport. Texas (16) Gamewell Co (5 Gardner Motor. Gen Amer Investors. Gen Am Tnk Car(34) Gen Asphalt (4)..... Gen Bronse (2).....y Gen Elec spec (lou).. Gen'l Food Corpn (3) 42 Gen Gas&El A (te2). Gen Gas&E] A (new) 623 Gen Ital Ed w.i. a3.61 General Mills . Gen Motors (13.30).. Gen Motors pf (T) Gen Out Adv (2).... Gen Outd Adv A (4). Gen Public Serv (b§) Gen Ry Signal (5). Gen Refrac (14% Gen Theat Equip vis Gillette Saf Raz(n$). Gimbel Brothers. D. C, THURSDAY, STOCKS UNSETTLED AFTER EARLY GAIN £ Irregular Recovery Follows Midday Break—Trading Volume Very Large. BY STANLEY W. PRENOSIL. Associated Press Financial Editor. NEW YORK, March 27.—Prices on the New York Stock Exchange bounded upward with an impressive flourish at the opening of today’s market, ran into a heavy volume of trading when the ticker fell far behind the market and then made irregular recovery when new leaders were brought forward in the early afternoon. So great was the vol- ume of trading that the ticker was run- ning about ee-quarters of an hour behind the market at the end of the third hour, with every indication that the day's sales would set another new hqr record for the year. he midday selling movement re- ceived its chief impetus from an in- crease in the call muney rates from 313 to 4 per cent. This was uccmnpanled by the heavy c-)nn? of loans as bank- ers began their semi-weekly adjustment of balances at the Federal Reserve Bank. paper rates held firm. Anaconda Declares Dividend. Declaration of the regular quarterly dividend by Anaconda Copper, which many speculators felt was endangered by the unsettled conditions in the cop- per industry during the past few months, stimulated the afternoon recovery. Anaconda, in which a large short in- terest had developed, rallied at least 3 points on the announcement of the regular dividend, but was still a couple of points below the year's high estab- lished a couple of months ago. Curiously, the public utilities led the Time money and commercial | MARCH 27, 1930. NEW YORK BANK STOCKS. NEW YORK, March 37 (#).—Over- ter market: cm‘-’:’c‘n“n-ni & Gorn Exchan Fauitante Guaranty 'w York. Westenester Fitle & T INVESTMENT TRUSTS NEW YORK, March 27 (#).—Over the counter market: Bid. Asked. & Cont. Corp. 2!’4 5 i B 21’1 2!% Ameriean versified Trustee Sh: B:‘:nlfled Trustee S Fixed Trust Shares Fixed Trust Shares Tnéorp. Tnvesto : Emm Trust of . NSx'»?fi“Amer -x’nm ah oil Snarey i Sttt 3 Laght Securitien Corp G Tes A B. 2. o323, araue: early advance and also presented the most weak spots when the market turn- ed reactionary. In the early upswing American Telephone, Peopleu Gas, Pa- cific Lighting, Stone & Webster, Public Service of New Jersey, Consolidated Commonwealth & Southern, En- neers’ Public Service, General Gas & lectric, American Water Works, Na- tional Power & Light, North American, Utilites Power & Light, United Gas Improvement, United -Corporation and Electric Power & Light all moved into new high ground. Selling Causes Break. On the break, American Water Works, American Power & Light, Columbia Gas, Western Union and several others sold down 2 to 4 points, but all made partial recovery. ‘Worthington Pump wa: marked up 6 points to 137, Allltd Chemical 5%, Houston Oil, 4%; to 110, General Re- {ractories, 3‘1 to 8712 and Electric Auto Lite, 3 to 110%, I." new high records. General Motors and General Electric also reached new high ground in the afternoon recovery, the former selling at 50 for the first time this year. Outside of the Anaconda dividend, there was little in the day's business news to influence the price movement. However, the feeling has been in lpcuhtlva circles that a gene: covery in business is Inevluble um Spring and Summer and that the cur- rent rise in the market is discounting such action. On the other hand, con- servative commission houses continue to advise caution and a restriction of commitments to stocks of companies Here It Is! ... you'll need your Scotch Mist* today . . . and many other days. They are guaranteed waterproof . .. and that’s saying a lot. ... Rogers Peet Scotch Mist* Topcoats are tailor- ed of exclusively imported woolens from Scotland. See the band-new styles + . . they'll sell themselves. Scotch Mist* Topcoats London, FINANCIA Nm@l EXCHANGES. tions furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (or par). ndon, pound........ 34 ls, Money to Loan on Property in the District of Columbia First Trusts Only Immediate Attention Wm. H. Saundess Co. Inc 1435 K St. N.W. Dist. 1015 A FIRST MADIJTGAGE‘ NOTE Wei Money to LA S g e Joseph I Weller 85705 § Tt First Mortgage Loans Lowest Rate of Interest Long or Short Term Construction Loans Glover & Flather 1508 H St. N.W. National 1753 —by far the best all 'round investment because car. ries with it that element of safety which is generally lack- ing in investments of higher yield. FIRST MORTGAGE NOTES 612 % nvite applications for 36% Atl Refining (13).... 81% Atlas Powder (4).... 31% Atlas Stors Corp(31) 175% Auburn Auto (J4)... 47% 48% with the best earning prospects. BALTIMORE SHIPPING HAS VARIED CHARACTER Special Dispatch to The Btar. BALTIMORE, March 27.—For the first time in the history of the port of Baltimore grain has been shipped from this city to Japan, according to the monthly report of the Maritime Ex- ch: . Last month 37 "33 bushels of wheat were sent to Nogoya, Japan. Another feature of the report was the fact that for the first time since Novem- ber, 1928, malt was exp-rted from this rt. The consignment, consisting of 8,728 bushels, was sent to Antwerp, Belglum, and Santos, Brazil. During last month 18 ships left lllll more for 15 lmlm th ments totaling 8, hm flour, 438,794 bunheh of 'huL l!ll b'u!hell 728 bushels of malt. The shipments for the ‘bushels. $60 and $65 ommu estimate ‘brought about an increase of $66,000 in the February, 1930, ues, First Mortgage Loans %_%« on residences and business buildings in the District of Columbia and nearby Mary- land suburbs. .. Lower Costs, Long Term (if de- sired), Valuable prepayment privileges, Three yearsloans on newer properties withe out amor :ization. Goodyear Tire (5)... Goodyear 18t pf (7)., Gotham Siik B (3%) raham-Paige . 'nleplwne operating rev:a\;!‘sn;or 't‘!:; Granby Copper (8). . Operating expenses Of $590,084; the e - T::h D‘CD ?o th Puh]ll.' lone 2 e camn?lhlo e District of Columbia shows. Nez revenum -ngr taxes and uncollectible were Net income was $88,033 com- wlth tl“ 157 in February, 1929. tlu two months ending February 's operating revenues 16 051. Operating ex- making et Tercues afier deduci- 170, net revenues [u and uncollectible, $259,877. Gross additions to plant and equip- l.\‘l the District of Columbia dur- Pebruary were $664,193. Retire- during the month were $266,226, net additions $397,967. 3 to plant for the 12 months ending February 28 were $3,852,746. A net jlln of 308 telephones was made February, making 160,013 in service at the end of the month. B. & O. Revenues in Slump. 'rha Baltimore & Ohio todny “mn in ro) total net income from operaf in Pebrulry -of $1,789,210, against $2,-’ 322,972 in the same month a year ago, & decrease of $533,762. 0ng revenues amounted to $16,- 005,373 compared with $17,650,276 last year, a falling off of $1,644,903. Oper- expenses were reduced, being $13,- 118,922 againist $14,108,378 a year ago. ‘While there was a falling off in pas- senger traffic in February compared with hbflury 1929, the largest decline was it . ‘This was off more than $1,000,000 for the month. Express business also showed a considerable let- ow‘%h;‘r;u:w comgnny saved over 80% Byers (A M).. affic operation the first two months of the N e e vruent year the Baltimore & Ohio net 74% Calumet & Aris (8) railway operating income amounted to 264 Calumet&Hes(aé%), $4,040,463 compared with $5,038.587 in gt g February, 1029, a difference of $998,124. Garrett Heads Ticker Club. George A. Garrett, resident partner of P. B, Keech & Co., was elected presi- dent of the newly organized Ticker Club of Washington at a meeting at the Metropolitan Club late yesterday. A. C. Flather, one of the managers of the Jocal office of G. M. P. Murphy & Co., was named vice president, Ind Arthur Foraker, local manager for Eastman, Dillon & Co., was chosen secretary- treasurer. Frank J. F. Thiel, resident r of M. J. Meehan & Co., and mr Lockwood of Harriman & Co., with the above officers, constitute the of governors. Membership is confined to partners, managers and assistant managers of New York Stock Exchange firms having offices in Washington. The constitution | as adopted shows the club is a mutual co-operative and protective organiza- tion. Fifteen of the 17 stock exchange have joined the club and the other two have stated their intentions of joining at the next meeting. W. W. Spaid acted as chairman at the organ- ization session yesterday. Dividends and Other Notes. meeting of the board of directors chu-‘Merfl‘semrlty & Mortgage Co., the quarterly dividend of 2 per cent on the preferred stock of the company was declared, payable Am‘ll 1 to stockholders of record on March 2 directors of the Anacostia Bank the regular quarterly 5 per cent 87 Auto-StSafRA (3). 4% Aviation Corp Del... . 30% Baldwin,Loeo (1. Rogers Peet Suits $45 to 875 *Reg. U. 5. Pat. OF. Meger’s Shop 1331 F Street o 101% B’trice Cream pf (') 60% Beech-Nut PKg(2)., 88% Guif Mo & North.... 12% Hahn Dept Stores. .. 24 Hall(WF) Printg(2) 20% Hartman A (2).....: 13% Hartman Corp B 1.2/ 6% Hayes Body.. . 82 Helme (Geo H) ("ll. 78 Hercules Powder (3) 70 Hershey Choo (6).... 83% Hershey Choo pf(15) 26% Holland Fur (et2%). 19 Houdaille Her B (3). 49 H'hold Fin pf (13%). 524 Houston OIl. . 35% Howe Sound (4% 46% Hud&Man Ry (3.50). 53% Hudson Motor (5)... 20% Hupp Motor Car (2). 128 Ilinots Central (7).. 20% Independ O1l & G ll) - > wlrvuarwineed sZaananan 21% PBriggs&Stratton (3). 1% British Empire lucx 18 Brockway M T. 63 Bkiyn-Manbat (4). .. 84% Bklyn-Man Tr pt () 10 Brooklyn & Queens. . 118% 131 Bklyn Union Gas (5), 28 13% Bruns-Balk-Col, % 2 o @ Consult Us Regarding Your Maturing Mortgage. LONG-TERM REAL ESTATE LOANS WE MAKE FIRST MORTGAGES ON Homes, Apartments and Business Properties in the District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Decatur 3600 Mortgage Loan Correspondent New York Life Insurance Company oo ‘H. L. Rust Company 1001 Fifteenth Street National 8100 5 ESTABLISHED 1889 Loan Corvespondent for “The Prudential®™ 83% Bucyruscv pf (3%). 9% Budd (B G) Mfg (1). 8% Budd Wheel (1)...es 77 Buft & Susque ctfs. .. 29% Bullard Co (1.60) 26% Bulova Wateh (3)... 99% Burns Bros A (8)..u 224 Burns Bros B.....es 43% Burr Add Mach (1).. 36 Bush Termni (23).. 3 Butte Copper & Zin 33 Butte & Superior. 90 Indus Ray(b5%stk). 154% Ingersoll Rand (4).. 70% Inland Steel (4) 264 Inspiration (4). 13% Insurance Shars ¢5c. 20% Interboro Rap Tran., 24 Interlake Iron (1). 414 Intl Agricultural. 54% Intl Agripf (7 152% Intl Bus Mach ( 16% Intl Carriers 55% Intl Cement (4)..... 5 Int Combustion..... 30 Inter Comb Eng pf.. 78% Intl Harvester (3%) 31% Int Hydro El A (e3). 66% Intl Match pt (4)...s 26 Intl Mer Marine (1). 31% Int Nickel of Can (1) Intl Pap & P A(2.40). 124 Intl Pap & Pwr C. 79% Int Pap & Pwr pf (1) 46% Intl Printing Ink (3) 59% Intl Shoe ( 62% Int Tel & Teleg (3).r 26'4 Inter Dept St (2). 1 Investors Equity(: 39 Island Creek Coal( % 8% 3% 104% 107% 2% T3% 1% 14 835 84 T4% 60 84 34% 3% STATEMENT OF THE CONDITION STATEMENT or 'nu CONDITION Great American Indemnity Great Amncun Insurance Company of New York Ci(y Cunpuy of New York On the 31st day of December, 1930, the 3ist day of ver, 1920, Tedlred ‘inder the Distrigt of Colums feauired 1 Snder {he Districs of Coume - lt S‘ "u:l “Twilight Zone!”’ Many an investor still believes there actually is a “twilight zone” wherein he can safely mingle two systems—‘speculation” and “'invests ment.” Only when he stumbles does he realize the truth—that boundary line is fixed! Whena man speculates with his money, he is gambling. He thinks the stock he has bought will go up, so that he can sell out at a profit . . . - 30% Cent Alloy Steel (’)u 81 Cent Alloy ctfs (2)... 8% Century Rib Mill 57% Cerro de Pasco (6). 11 Certain-teed Prod. 43 Jewel Tea (4).. . 45 45% Cortain-teed pf....o1 2 394 117 Johns-Manville (3). 66': 36 Checker Cab (4.30) 2 Jordan Motor Car 2372 203 Ches & Ohio (10) 77 Kan City Sou (). 631 Chesapeake Corp (3) 67% Kan City Sou pt 4% Chi & Alton, 84 Kayser Julius (4) 5% Chi & Alton pf. 3% Kelly-Spring Tir & 66% mended June 30, 1903, and ‘amended June 30, 1902, and ;oind 911, Rduuise 18, To11. * 1011 cfofi, pala'ip; i iabi1:800,006.00 Qunital $16,300,000.00 T 16,300,000.00 IR 10637000 Sasn 12 PR R 85,778.625.00 12% Chi Great Western. “ s 84 ChiGreat Westn pf.. 22% Chi Mill St P&Pac. .. 39% Chi Mill St P&Pac ptf 84 Chicago& N W (8). 2214 Chi Pneu Tool...ce0s 51% Chi Poeu T of (3%). 125-,. 114 ChiR1&Pac(T.eesr 67% 574 Childs Co (2. 41% 33% Chry: Corp 1" 40 City lcad ¥ 0k 104 T City Stores (50e) 41% 30 Cluett Peabody (6).. 77 133% Coca-Cola (6). . 50% 481 Coca-Cola A (3)eeese 63% 60 Colgate-Pal-P (3%). 35% 14% Collins & AIKman..e) . 67% 86% Col Fuel & Iron (3, 99% 0% Col Gas & El (2).. 98 86 ColGasd ki peB(E) 31% 24% Columb Graph 195" 1681 Columblan Carb (16) 39% 23% Com Credit (2)e.eee: 43% 381% Comm Credit A ( 55 364 Coml Inv Tr (g1.60). 100 89 Com InvTrpf (63%). 86% 27% Comm Solvents (31). 260 18% 12% Comwith&Sou(60e). 101% 99 Comm & Soupf (6).. 56 44 Conde Nast Pub (3).. 19% 13% Congoleum-Nairn... 56% 45 Conmncn-nflt)- 59% Cigar (7). 27% 284 124% 108 61% 2 2% 8% b52% 7 But the man who INVESTS his capital realizes that when he places his funds in a steady, safe security, HIS profit will NOT fluctuate with every financial wind, % ,688,152.00 Kresge(SS)Co(1.60). .431,931.16 61% Kress (SH) (1)...... 23% Kreuger&Toll (1.34). 87 Kroger Gr&Bak(nl). 21% Lago Of1 & Trans, v h-"’"i Naturally he has turned on the clear light of investigation before placing his investment —and at the head of his list will stand the First Mortgage Notes offered through the Swartzell, Rheem & Hensey Company, These notes pay their owners a regular non-fluctue ating return of 6 per cent per annum, the value of the principal never wavers a penny— and these Notes have maintained this record for almost 61 years, through all the ups and downs of this country’s expansion. C 1330744 47 " 16.300,000.00 ility. ity, " plate glass, bUrgIAry. auto Droveriy damage, auto collision, property damase and collision other than” auto, ount of premiums wr Tunn. the vear 1020 36,331,022.28 st 704 Lehigh Valley (14% 8 Lehman Corporation ing the vear 103 including merine. ) Amount "o k 91% Liggett&Myrs B(16) oo st 62% Liguid Carbonio (4).. 424 Loew's, Ine (3)....., 85% Loew’s, In pf (§%). 84 Loewspfxw (64). 3% Loft Ine... 5014 Loose-Wiles (13. 'u). 16% Lorillard (P) Ca.. 9,071,708.75 102% 102% 92 92 4% 4% 64% 6% 964 Sty SWARTZELL, RHEEM & HENSEY CoO. MORTGAGE BANKERS 727 15 STREET N.W, WASHINGTON D.C. / 32% Ludlum Steel (3). 28 McAndrews&¥ 12.! Ticren 30, 1031, 14% Mclntyre Pore M(1) ¥ l(eKulel' P(163%). 25.304.240.78 Nowry Eublic; Queens Yotne : Secretary. Bronz Eointy: J. HOMER RERD. | xpires Represented by McKesson & Rob (3) . . 2 Dupont Circle, vidend at a meeting held late yester- Gy e dividend 15 payable on March | 31 to shareholders of record March 28. “The Security Club presented “A Lucky Qe e s BT e ; nuh ore & sp) 4 ibscribed and 28,189,216.83 “fl %dg‘ m'g;nte o(l:ha'z‘rl\i\:go?;_ this 26th day of bmery’. 1930, ice President. wnhl'::rlt ‘«m »ménm‘ the same oisz,, Cert, o 5 hr.u?mh.d and to_befors me ! place 'hzn £ urtlg:;tz :lx;:mz.'o t,:‘:tdu“ "ip Brox ¢ ,)‘,F‘ e of February, 1030, ‘cards will be awarc uf = anu. 3 . 13 o 18887 also "3-':'6533"& Pronx County . No. - Exchange Trading Holds Up. No. 492, Both bond‘: n;sl stock t;:rewtn l’ on & e i e e SANDOZ, Inc., e e e & s & Real Estate, Loans and Otl {ssues and milwly & Electric 48 led the bofld glnllfitlonl. O 51 e 41% McKes & Rbpf(3%). James N. Russell, membe: y . Kansas City Bolrd of Trade and the Wulmuton and was granted Member Tasurance Clab of Waskingion 14% MoLellan Stores..... - 81 85 Chieago M g 187% M(RB).O’(I’) 37 141 “'% l:; l.‘:: hange visitor a; was gran cfi privilege of the dymt 169% 3 68% i K &Continued on Page 14.).