
    Dwight Lumber Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
    Docket No. 19063.
    Promulgated October 7, 1929.
    
      A. DeWitt Alexander, G. P. A., and E. Edwin Nowell, G. P. A., for the petitioner.
    
      O. J. Tall, Esq., for the respondent.
   OPINION.

Sternhagen :

From the foregoing facts found from the evidence it appears that petitioner had capital at the beginning of the year of $6,372.30 and at the end of the year of $32,424.31. It bought and sold on its own account in substantial amounts. It can not therefore be said to have, as the statute requires, “ no invested capital or not more than a nominal capital.” Feeders Supply Co., 8 B. T. A. 839; 31 Fed. (2d) 274.

Judgment will Toe entered for the respondent.  