Operating Ratios of Member Banks in the Second Federal Reserve District for the Year 1944

Transcripción

1 FEDERAL RESERVE BANK OF NEW YORK r Circular No "1 L February 27, J Operating Ratios of Member Banks in the Second Federal Reserve District for the Year 1944 To all Member Banks in the Second Federal Reserve District: The continuing effects of the war financing program, upon member banks in this District, are clearly reflected in the annual compilation of operating ratios of those banks f o r F o r all banks, holdings of Government securities were 56.9 per cent of total assets in 1944 compared with 47.0 per cent in 1943 and 30.8 per cent in 1942; loans were down to 15.0 per cent of total assets f r o m 19.4 and 28.7 per cent in the two preceding years; and interest and dividends on securities were 52.4 per cent of total earnings compared with 45.0 per cent in 1943 and 36.1 per cent in The average rate of net profits after income taxes was 9.5 per cent of total capital funds in 1944, compared with 7.2 per cent in 1943 and 4.4 per cent in In general the greatest gains were in groups of banks whose earnings had been below average in 1943, including the smallest banks and banks that are heavily dependent upon investments for their income. A rise in income from investments was the principal factor in the growth of gross earnings of all groups of banks. In New Y o r k City the volume of loans increased during 1944, reflecting principally borrowing during W a r Loan drives for the purpose of purchasing or carrying Government securities, which increased loan income of the large New York banks moderately, but the proportion of income from loans to total income was not so high as in Elsewhere in the District total loans remained stable during 1944 and the proportion of income from loans to total income dropped sharply in most cases. The average rate of return on loans for 1944 was unchanged f r o m 1943, but the yield on securities (average for all banks 1.8 per cent) was slightly lower. Despite the growth in income of banks during 1944, however, total or gross current earnings of all member banks in this District had not yet regained predepression figures, remaining about 35 per cent below the peak of Since that time interest payments on deposits have been greatly reduced, partitas the result of the legal prohibition of interest payments on demand deposits and legal limits on the rate of interest which banks may pay on time deposits, and partly because of the general reduction in interest rates during the past 15 years. Other expenses including taxes have increased, however, so that aggregate net current earnings after taxes, as well as gross earnings, were more than one-third lower in 1944 than in Aggregate net profits were only 9 per cent less in 1944 than in 1929, largely because of substantial additions to net current earnings, in the later year, through profits taken on securities sold and recoveries on loans and investments previously charged off. ( A l l these comparisons are affected to some extent by the increase in membership in the Federal Reserve System among commercial banks in this District, adjustment for which would make the comparisons of 1944 figures with 1929 somewhat less favorable.) All major items of expense salaries and wages, interest payments on time deposits, and other expenses were greater last year than in 1943, but the increase was less rapid than in gross earnings. Consequently, f o r all banks total expenses averaged 70 per cent of total earnings compared with 73.5 per cent in Income tax payments, while still fairly small except f o r the larger banks of the District, were generally larger than in previous years. For all banks, income taxes in 1944 averaged about 4 per cent of gross earnings and 11 per cent of net profits before taxes. In the case of the large New York City banks, however, income taxes took nearly 14 per cent of gross earnings and 24 per cent of net profits before taxes. It appears that taxes are a factor of increasing importance in limiting the growth of bank profits. Continuing the policy followed in recent years, the banks in the Second District did not materially increase dividends paid to stockholders in 1944 but, in general, retained a substantial part of their net profits to strengthen their capital structure. Despite progressively higher net profits during the past six years, the large New York City banks have maintained relatively stable dividend rates and have retained the greater part of their increased profits; the proportion of net profits retained by these banks has risen continuously f r o m 10 per cent of the total in 1939 to nearly two thirds in For all banks in the District, including many small banks which, f o r a number of years, have distributed a smaller proportion of net profits than the large New York City banks, the proportion of net profits so retained has risen from slightly over half in 1939 to more than three quarters in Notwithstanding the addition to capital accounts during 1944 (7.4 per cent of total capital f u n d s ), the ratio of capital accounts to total deposits declined to 9.3 per cent from 10.8 per cent in The ratio of capital accounts to total assets other than cash assets and Government securities, however, rose to 40.4 per cent from 34.1 per cent in The ratios f o r your bank have been inserted in the last column of the table in order that you may readily compare your figures with the average ratios f o r banks whose size and operations are similar to yours the group checked. Digitized for FRASER ALLAN SPROUL, President.

2 Average Operating Ratios of Member Banks Grouped Accordin A l l ratios are expressed in percentages and are arithmetical averages of the rat MEMBER ALL BANKS SUMMARY RATIOS Number of Banks.. GROUP I Deposits GROUP II Deposits $500,000 to $2,0C Loans to Total Assets, Per Group Average Under C $500, e of Deposits and Proportion of Loans to Total Assets ivdual b a n k s in e a c h g r o u p, rather than ratios based o n aggregate d o l l a r OCATED OUTSIDE G R E A T E R NEW YORK III Deposits $2,000,000 to $5,000,000 GROUP IV Deposits $5,000,000 to $20,000,000 GROUP V Deposits Loans to Total Assets, Per cent Loans to Total Assets, Per cent Group J :e Under and up Average Under and up $20,000, figures MEMBER BANKS IN GREATER NEW YORK GROUP VI GROUP VII Deposits under Deposits over $100,000,000 $100,000, YOUR FIGURES P e r c e n t a g e o f Total Capital Accounts 1. Net current earnings 4. Cash dividends declared P e r c e n t a g e o f Total Assets Net current earnings 0.6 on Net profits after income taxes Interest and dividends on securities Earnings on loans SOURCES AND DISPOSITION OF EARNINGS P e r c e n t a g e o f Total Earnings Salaries and wages IS. Interest on time and savings deposits 16. All other expenses Net current earnings Net recoveries3 20. Taxes on net income Service charges on deposit accounts 11. All other earnings 12. Total earnings 13. Trust 21. department earnings (included in item ll)1 Total expenses Net profits after income taxes 1 RATES OF EARNINGS ON SECURITIES AND ON LOANS P e r c e n t a g e o f Total Securities 22. Interest and dividends on securities 23. Net recoveries and profits on securities Capital accounts to total assets, less Gov'ts and cash assets Capital accounts to total deposits Time deposits to total deposits P e r c e n t a g e o f Total Loans 24. Earnings on loans1 25. Net recoveries (or losses ) on loans DISTRIBUTION OF ASSETS P e r c e n t a g e o f Total Assets 26. U. S. Government securities 27. Other securities 28. Loans CAPITAL AND DEPOSIT RATIOS I n Digitized for FRASER Percentage Because of the small number of banks in Groups I and V the subgrouping "Loans to Total Assets" has been omitted. Interest and discount on loans plus service charges Banks not reporting this item or reporting zero amc are not shown where there were fewer than 3 banks Profits on securities sold or redeemed and recoverie; recurring depreciation on banking bouse, furniture, 1 1 n loans. ed in computing this average, and d on loans, less all charge-offs other than :h is included in item 16. figures Note: Balance sheet figures used as a basis for the ratios are averages of amounts reported for December 31, 1943, June 30, 1944, and December 30, 1944.

3 Prepared by FINANCIAL STATISTICS DIVISION RESEARCH DEPARTMENT FEDERAL RESERVE BANK OF NEW YORK

4 CtU- ~ f /, NOTICE REVISED INSTRUCTIONS EFFECTIVE MARCH 1, 1945, TO PRO- TEST DISHONORED ITEMS OF $ OR OVER (INSTEAD OF $50.01 OR OVER) AND TO WIRE ADVICE OF NONPAYMENT OF ALL ITEMS OF $1,000 OR OVER (INSTEAD OF $5CO OR OVER) ' To the Bank to which the Accompanying Cash Letters are Addressed; As explained in our Circular No. 2906, dated February 20, 1945> in accordance with recommendations of the American Bankers Association, we have amended, effective March 1, 1945, our uniform instructions regarding protest and advice of nonpayment subject to which we receive, handle, and forward cash items. As stated in that circular, although for purposes of conservation of paper and supplies we shall continue after karch 1, 1945, to use our present supply of cash letter forms containing the transit instructions in effect prior to that date, it is understood that all items listed on such cash letter forms and forwarded to your bank for collection on and after March 1, 1945> are presented for payment subject to the revised instructions regarding protest and advice of nonpayment set forth in such circular* FEDERAL RESERVE 3ANK OF NEtf YORK

5 NOTICE REVISED INSTRUCTIONS EFFECTIVE MARCH 1, 1945, TO PRO- TEST DISHONORED ITEMS OF $ OR OVER (INSTEAD OF $50.01 OR OVER) AND TO WIRE ADVICE OF NONPAYMENT OF ALL ITEMS OF $1/000 OR OVER (INSTEAD OF $500 OR OVER) To the Bank to which the Accompanying Cash Letters are Addressed; As explained in our Circular No. 2906, dated February 20, 194-5, in accordance with recommendations of the American Bankers Association, we have amended, effective March 1, 1945, our uniform instructions regarding protest and advice of nonpayment subject to which we receive, handle, and forward cash items. As stated in that circular, although for purposes of conservation of paper and supplies we shall continue after March 1, 194-5, to use our present supply of cash letter forms containing the transit instructions in effect prior to that date, it is understood that all items listed on such cash letter forms and forwarded to your bank for collection on and after March 1, 194-5, are presented for payment subject to the revised instructions regarding protest and advice of nonpayment set forth in such circular. Digitized for FRASER BUFFALO 3RANCH OF THE FEDERAL RESERVE 8AMK OF HI YORK

6 THE PROCLAIMED LIST OF CERTAIN BLOCKED NATIONALS Revision IX, February 28, 1945 Promulgated Pursuant to Proclamation 2497 Of the President of July 17, 1941 UNITED STATES g o v e r n m e n t p r i n t in g o f f ic e WASHINGTON : 194ft

7 D EPARTM EN T OF STATE P u b l i c a t i o n 2272 CONTENTS Pace A dministrative Order.. 1 G eneral N otes... 2 P art I Argentina... 4 B o liv ia B r a z i l Chile C olom bia Costa R i c a C u ba Dominican Republic E c u a d o r El Salvador G u a te m a la H a iti Honduras M e x ico N ic a r a g u a P a n a m a P aragu ay P e r u U r u g u a y Venezuela Part II A n d o r r a F in la n d I r a n I r a q Ireland (E ire ) Page P a r t II Continued. Liechtenstein M orocco Spanish Morocco Tangier International Zone Portugal and Possessions. 234 Portugal Angola A zores Cape Verde Islands M adeira M ozam bique Portuguese China Portuguese Guinea Portuguese India Spain and Possessions Spain Canary Islands Fernando Po and Spanish Guinea (Rio Muni) Sweden Switzerland Turkey A n n e x Proclamation by the President of the United States of America, July 17,1941, authorizing a Proclaimed List of Certain Blocked Nationals

8 THE PROCLAIMED LIST OF CERTAIN BLOCKED NATIONALS Revision IX, February 28, 1945 ADMINISTRATIVE ORDER By virtue of the authority vested in the Secretary of State, acting in conjunction -with the Secretary of the Treasury, the Attorney General, the Secretary of Commerce, the Administrator of Foreign Economic Administration, and the Coordinator of Inter-American Affairs, by Proclamation 2497 of the President of July 17, 1941 (6 F. R. 3555), The Proclaimed List of Certain Blocked Nationals, Revision VIII of September 13, 1944 and Supplements 1, 2, 3, 4, 5, and 6 thereto, are superseded by the following Revision IX of the List, which is hereby promulgated.1 By direction of the President: J o s e p h C. G r e w Acting Secretary of State W i l l i a m A. M. B u r d e n Acting Secretary of Commerce Herbert E. Gaston Acting Secretary of the Treasury Leo T. Crowley Administrator, Foreign Economic Administration Francis Biddle Attorney General Wallace K. Harrison Deputy Coordinator of Inter- American Affairs February 28, 1945 i Filed with the Division ol the Federal Register In the National Archives. Requests for printed copies should be addressed to the Federal Reserve Banks or the Department of State. 1

9 GENERAL NOTES (1) The Proclaimed List is divided into two parts: part I relates to listings in the American republics; part II relates to listings outside the American republics. The List as herein consolidated and revised supersedes Revision VIII and Supplement 6 thereto. (2) No additions or deletions are made in this revision; however, changes of address, minor changes in spelling of names listed, etc., are made and are indicated by footnotes. (3) Cumulative supplements will be issued from time to time containing additions, amendments, and deletions. To determine the status of a given name, it will be necessary to consult the most recent revision and the current cumulative supplement. (4) In part I titles are listed in their letter-address form, word for word as written in that form, with the following exceptions: If the title includes a full personal name, that is, a given name or initial and surname, the title is listed under the surname. The listing is made under the next word of the title when the initial word or phrase, or abbreviation thereof, is one of the following Spanish forms or similar equivalent forms in any other language: Compafiia; Cia.; Comp. Compafiia An6nima; C.A.; Comp. An<5n. Sociedad; Soc. Sociedad Anfinima; S.A.; Soc. An6n. (5) In part I personal-name prefixes such as de, la, von, etc., are considered as part of the surname and are the basis for listing. (6) Spanish personal names containing a compound surname are listed, with rare exceptions, under the first part of the surname. For example, the name Jos6 Fulano Sutano or Jos6 Fulano y Sutano would be listed: Fulano Sutano, Jos6 or Fulano y Sutano, Jos6 Users of the List should, as a precaution, check all surnames that are part of a particular name. (7) Addresses appearing after names on the List are not intended to exclude other addresses of the same firms or individuals. A listed name refers to all branches of the business in the country. 2

10 GEN ERAL NOTE8 3 (8) For the convenience of users, symbols are placed after each name on the List to indicate, by reference to the table below, the dates of the supplements or revisions in which the name first appeared, or was amended. It has not been found practicable, however, to indicate here the dates of listings made between July 17, 1941, the date of the original list, and Revision I, dated February 7, Accordingly, names appearing prior to Revision I and retained in that revision are followed only by the symbol I. Roman numerals refer to revisions, arabic numerals to supplements. For example, a name followed by the symbols II-l, III, V -l signifies that the listing first appeared in Revision II, Supplement 1; was amended in Revision III; and was amended in Revision V, Supplement 1. Since in the Cumulative Supplements deletions as well as amendments are carried in each succeeding supplement, the last of two or more symbols may reflect either an amendment or a deletion, depending on the action heading under which the listing currently appears. I IV VI IV VII IV VII IV VII IV VII II V VII II-l V -l VII V VII V VIII V VIII V VIII III V VIII III-l VI VIII VI VIII VI VIII II VI IX IV VI IV VI

11 P art I ARGENTINA A.E.G., Compafiia Argentina de Electricidad S.A.1 Bernardo de Irigoyen 330, Buenos Aires, and all branches in Argentina. I; II 4. Aachen y Munich, Compafiia de Seguros. Corrientes 330, Buenos Aires. I. Acacia Sociedad An6nima Comercial e Industrial. Trelles , Buenos Aires; and Rivadavia 21622, Ituzaingo, Provincia de Buenos Aires. VI-5. Accumulatoren-Fabrik A.G. Cangallo 2629, Buenos Aires. I. Aceros Poldi S. de R.L. Jujuy , Buenos Aires. I. Aceros Roechling-Buderus S.A. Bulnes 2593, Buenos Aires. I. Aceros Schoeller-Bleckmann S. de R.L. Defensa 324, Buenos Aires. I. Aceros Styria S. de R.L. Esparza 43, Buenos Aires. I. Ackermann y Nettelrodt. Rivadavia 7702, Buenos Aires. IV-4. Acosta, Hfictor. a/o La Qufmica Bayer S.A., Cerviflo 3101, Buenos Aires. IV-3. Afa-Tudor-Varta S.A., F&bricas Reunidas de Acumuladores. Cangallo 2629, Buenos Aires. I. Agencia Burgos. La Quiaca, Jujuy Agencia Impress. Avenida Presidente Roque S&enz Pefia (Diagonal Norte) 651 (Casilla de Correo 601), Buenos Aires. V-5. Agfa Argentina - Dr. Kurt Oppenheim y Cia. Bernardo de Irigoyen 653, Buenos Aires. I. Agote, Carlos. Maipd 479 y Uruguay 1167, Buenos Aires. VI-3. Aguerrondo y Cia. Sarmiento 385, Buenos Aires. VIII-2. Aiello de J. Carlos Armagnague, Casa J. Juan. Bolivar 1828, Buenos Aires. I. Aim6 y Cia. Bartolom6 Mitre 2584, Buenos Aires. V-6. Air France. Buenos Aires, and all branches In Argentina. I. Aislantex Adolfo Schauer. 25 de Mayo 847, Buenos Aires. VII-6. Ajmar, Alvaro Ayacucho 185, Buenos Aires. VIII-2. Alimbrica Sociedad Industrial Argentina S.A. Victoria 658, Buenos Aires; and Colegio Militar 7, Villa Ballester, F.C.C.A. IV-2; V-3. Alberti, Antonio G. Pacheco 1935 y Pampa , Buenos Aires. V-2; V-4. Alcorta, Rafael A. San Martin 66 y Sarmiento 357, Buenos Aires. VI-1. Alcorta & Gallo Calder6n S. de R.L. San Martin 66, Buenos Aires. VI-1. Aldao, Emilio. Bartolom Mitre 4349, Buenos Aires. V-6. Aldao y Cia. BartolomS Mitre 4349, Buenos Aires. V-6. Algodonera Platense Sociedad An6nima Industrial y Comercial. Avenida Presidente Roque Sdenz Pefia (Diagonal Norte) 852, Buenos Aires. V-5. Alianak, Arturo. Reconquista 538 y Ecuador 742, Buenos Aires. VII-6. Alianak y Cia., Arturo. Reconquista 538, Buenos Aires. IV-5. Aliviol Sociedad An6nima de Productos Farmac6uticos. Medrano 784. Buenos Aires. IV-6; V-4. 1Not to tie contused with C.A.D.E., Compenls Argentina de Electricidad S.A., Balcarce 184, Buenos Aires. 4

12 P A R T I 5 A R G E N T IN A Continued Allende, Juan Manuel. Bolivar 1268, Buenos Aires. V-6. Almagro (tug owned by Delfino y Cia., Sociedad en Comandita Exclusividad de los Aceros Boehler ). III-l. Alonso, Jestis. Trelles y Avenida de Mayo 749, Buenos Aires. VI-5. Alonso, Caballero y Cia. Trelles , Buenos Aires; and Rivadavia 21522, Ituzaingo, Provincia de Buenos Aires. VI-5. Alonso, Turns! y Cia. Mgjico , Buenos Aires. V-6. Alt, Jules. Avenida Fontana 208, Trelew; and Colonia General San Martin, Gobernaci6n de Chubut. VIII-1. Amann, Eugenio. Pampa 2975, Buenos Aires Amari, Itaro. Avenida Presidente Roque Sfienz Pefia (Diagonal Norte) 680, Buenos Aires. V-5. Ambrosini y Cia., F. Cangallo 315, Buenos Aires. III-l. Amme, Giesecke y Konegen S. de R.L. 25 de Mayo 252, Buenos Aires. I. AmuchSstegui, Enrique. Dean Funes 102, C6rdoba. V-3. Anan, Cr6dito y Finanzas, S.A., Cia. Defensa 510, Buenos Aires. IV-4. Anan Shintaku Kabushiki Kaisha. Defensa 510, Buenos Aires. IV-4. Ando, Sadao. E. Mitre 91, Defensa 510 y 540, Buenos Aires. IV-4. Ando y Cia., S. Defensa 540, Buenos Aires. I. Andreozi y Lorenzetti. San Martin 2600, Santa Fe. IV-5. Anfossi, Juan. Patagones y Viedma, R(o Negro. IV-4. Anilina Colibri. Avenida Alvarez Thomas 1340, Buenos Aires. I. Anilinas Alemanas S.A. Salta , Buenos Aires, and all branches in Argentina. I. Afion Su&rez, Vicente. Belgrano 327, Buenos Aires. VI-4. Anselmino, Federico. Plaza 2041, Buenos Aires. V-5. Anselmino y Cia., Federico. Plaza 2041, Buenos Aires. V-5. Antonelli, Marino. Ayacucho 5975 y 5998, Rosario. V-4. Arai, Takao Soto. I. Arbizu y Cervifio, Sociedad Anrtnima Industrial y Comcrcial. Belgrano 1400, Buenos Aires; Alsina 342, Trenque Lauquen, F.C.O., B.A.; and Comandante Besares 370, Ciudadela, F.C.O., B.A. IV-2. Arbolito, S. de R.L. Chacabuco 430, Buenos Aires. II-4. Arcofina Compafiia Argentina de Comercio y Finanzas S.A. Reconquista 480, Buenos Aires. V -l. Argentina Comercial e Industrial de Pesquerla, Cia. Defensa 1597, Buenos Aires. I. Argentina de Cereales y Algod6n S.A., Cia. Moreno 970, Buenos Aires. 1. Argentina de Comercio S.A., Cia. Moreno 970, Buenos Aires. I. Argentina de Fiecalizaciones y Mandatos, Cia. Reconquista 336, Buenos Aires. I. Argentina de Importaci6n y Exportaci6n S.A., Cia. 25 de Mayo 11, Buenos Aires. I. Argentina de Mandatos, Cia. Reconquista 134, Buenos Aires. 1. Argentina de Mdquinas 8. de R.L., Cia. Reconquista 336 y Moreno 986, Buenos Aires. I. Argentina de Motores Deutz Otto Legltimo S.A., Cia. Pueyrred6n 602, Buenos Aires, and all branches in Argentina. I. Argentina de Navegaci6n de Ultramar, Cia. Avenida Presidente Roque Sienz Pefia (Diagonal Norte) 616, Buenos Aires. III-4; IV.

13 6 P A R T I A R G E N T IN A Continued Argentina de Navegaci6n, "Lloyd Argentina, S.A., Cfa. Florida 440, Buenos Aires. Ill 2. Argentina Exportadora de Cereales S.A., Cfa. Corrientes 424, Buenos Aires. I. Argentina Monte Carlo S.A., Cfa. Corrientes 569, Buenos Aires. VIII-1. Argentina Nueva Compafifa General de Navegaci6n S.A. c/o A. M. Delfino y Cfa., Florida 439, Buenos Aires. I; III-l. Argentine Sanitary Corporation. Brasil 39, Buenos Aires. I; IV-2. Argento, Mario. Buenos Aires. I. Argin Metal S. de R.L. Aizpurua, 3262, Buenos Aires. IV-3. Arima, Francisco. Defensa 510, Buenos Aires. IV-4. Armagnague, Casa J. Juan Aiello de J. Carlos. Bolfvar 1828, Buenos Aires. I. Arrocera Mazaruca Agrfcola y Ganadera Industrial S.A. Corrientes 569, Buenos Aires. VIII-1. Arruda, Jacinto Soares. Reconquista 491, Buenos Aires. VII-5. ARSACO Argentine Sanitary Corporation. Brasil 39, Buenos Aires. I; IV-2. Asaya, Sukeye. Bartolom6 Mitre 559, Buenos Ares. II-l. Aseguradora Argentina, Cfa. Avenida Presideinte Roque Sdenz Pefia (Diagonal Norte) 555, Buenos Aires. I; V-3. Asmus, Hans. Avenida Presidente Roque Sdenz Pefia (Diagonal Norte) 616, Buenos Aires. IV-1. Asociaci6n de Comerciantes Japoneses. Corrientes 222, Buenos Aires. I. Asoeiaci6n Japonesa en la Argentina. Patagones 840, Buenos Aires. VI-1. Ata Soc. de Resp. Ltda. Carlos Tejedor 1642 esquina Santa F6, Lands, F.C.S. VIII-1. Atlantis Sociedad An6nima de Prdstamos y Edificaci6n. San Martfn 195, Buenos Aires. III-2. Atlela (tug owned by La Portefia Empresa de Remolcadores). III-l. Atomo. Avenida de Mayo 1370, Buenos Aires. V-2; V-4. Aurum. San Martin 195, Buenos Aires. V-2. Aversa y Cfa., Carlos Beazley 3651, Buenos Aires. II 3. Azaretto, Ricardo Esteban. Ministro Brin 887, Buenos Aires. IV-4. Bacigalupo y Cfa. Zapata 31, Buenos Aires. VI-4. Bade, Enrique. Moreno 801, Buenos Aires. IV-5; V-4. Baehne, Paul. Cangallo 541 y Quesada 1919, Buenos Aires. II-l. Baehr, Erich. Moreno 970, Buenos Aires. V-3. Baer, Hans. Honduras 4866, Buenos Aires. IV-5. Baldds, Francisco. San Jerdnimo 2217, Santa Fe. IV-6. Baltzer, Werner. Monroe 1378, Buenos Aires. I-l. Banco Alemdn Transatldntico. Buenos Aires, and all branches in Argentina. I. Banco di Ndpoli. Cangallo 332, Buenos Aires. I. Banco Frances e Italiano para la America del Sud S.A. Buenos Aires, and all branches in Argentina. I; III-l. Banco Germdnico de la America del Sud. Buenos Aires. I. Banco Nazionale del Lavoro. San Martfn 66, Buenos Aires. IV-3. Bandieri, Santiago. Freyre 3174, Buenos Aires. IV-6. 1 Not to be confuscd with Atomo, B. de R.L., Lavalle 1288, Buenos Aires.

14 PART I 7 A R G E N T IN A Continued Barahona, Julio G. Ayacucho 134, Buenos Aires, 1 1. Barbero, Luis * Suipacha 242, Buenos Aires. I; VIII-6. Barbieri, Leopoldo. Defensa 510, Buenos Aires. IV-4. Barletta, Amadeo. Buenos Aires. II-2. Barraca, Dana. Fitz Roy 1355, Bahia Blanca. IV-1. Barraca, Justesen. Espafia 1336, Buenos Aires. IV-1. Barraca, Nueva. Montes de Oca , Avellaneda. IV-1. Barral, Andres. Cabildo 607 esquina Pasaje Indio 2070, Avellaneda. I I I -l; III-2. Barrionuevo, Carlos. Sante Fe 5149, Lands, F.C.S.; and Almafuerte 443, Avellaneda, F.C.S., B.A. Ill 4. Basterreix y Cfa.. 8. de R.L., A. Lafayette 285, Buenos Aires. IV-4. Bauckhage y Cia. Rioja 557, Buenos Aires; and Almirante Brown 38, Villa Ballester, F.C.C.A., Province of Buenos Aires. I; VIII-2. Bauer, Hermann A. Moreno 1308, Buenos Aires. IV-5; VII. Baumann, Jacob. Buenos Aires. VIII-6. Bayer S.A., La Quimica. Cervifio 3101, Buenos Aires, and all branches in Argentina. I. Baylon, Olindo. Guido 1982, Buenos Aires. II-l. Beckman, Luis F. Bolivar 600, Buenos Aires. IV-4; V; V-4. Beckmann, Emilio. Lavalle 176, Buenos Aires. IV-4. Beiersdorf S. de R.L. Rioja 1767, Buenos Aires. I. Bein, Georg. Leandro N. Alem 168, Buenos Aires. III-l. Bekker von Tietzen, Werner. Sarmiento 212, Buenos Aires. I; IV-4. Beltrame Ltda. S.A., Antenor. Cafiada de G<5mez, Provincia de Santa Fe. Ill 3. Berg-Boulin, Peter. Buenos Aires. I. Bergdolt, Alberto. Avenida de Mayo 1437, Buenos Aires. II 4; III 2. Bergdolt Hnos. Mercantil y Inmobiliaria S.A. Avenida de Mayo 1370, Buenos Aires. V-2. Bergengruen, Paul Rudolf. Avenida de Mayo 869, Buenos Aires. V-5 Berger y Cia., S. de R.L., Curt. 25 de Mayo 386, Buenos Aires. I. Bergmann, Luis Carlos Ernesto. Victoria 571, Buenos Aires. VI-2. Bernasconi, Angel. San Juan 3765, Buenos Aires. IV-1. Bernasconi, Carlos Mario. General Venancio Flores 69, Buenos Aires. IV-4. Bernasconi, Jos6 Arnoldo. General Venancio Flores 69, Buenos Aires. IV-4. Bernasconi y Cfa., A. General Venancio Flores 69, Buenos Aires. IV-4. Bernezzo, Victorio Asinari di. San Martfn 232, Buenos Aires. Ill 2. Bernhardt, Hans.1 Azcuenaga 1360, Vicente Lfipez, F.C.C.A. 1 4; IV-2. Bertolo, La Quimica Industrial E. M. Salta 713, Buenos Aires; and Yatay 2803, Valentin Alsina. V-3. Bertram, Julius. Independencia 980, Buenos Aires. IV-4. Beruti, Raul C. Reconquista 480, Buenos Aires. V-l. Beutelspacher, Ernesto. Sarmiento 815, Buenos Aires. 1-1 Bianchi, Armando. Lafuente 184, Buenos Aires. II 5. Bianchi, Bruno. V61ez Sdrsfield 242, Avellaneda. V-2. Biasotti, Alberto J. A. Rawson 315, Buenos Aires. VIII-1. Biester, Hans. Lavalle 2057, Buenos Aires. I. *» Not to be confused with Luis M. A. Barbero (D r.), Gaona 1679, Buenos Aires. * Not to be confused with H. (Hlrsch) Bernhardt y Cia., 8. de R. L., 26 de M ayo 347, Buenct Aires.

15 8 PART I A R G E N T IN A Continued Bignone, Abel Ren<5. BartolomS Mitre 2146, Buenos Aires. VII-3. Binaghi y Cia. Villa Angela, Territorio de Chaco. IV-6; V-l. Bini, J. Carlos. Carlos Calvo 2526, Buenos Aires. III-2. Birle y Cia. San Martin 1414, Mendoza. VI-2. Bisleri Argentina, S. de R.L. Avenida de Mayo 1402, Buenos Aires Blasco, Ram6n. Moreno 1353, Buenos Aires. Ill 4. Bleif S. de R.L., Talleres Guillermo. Rodney , Buenos Aires. IV-6. Blousson, Silvestre H. Reconquista 134, Buenos Aires. IV 4. Blousson y Mosciaro. Reconquista 134, Buenos Aires. IV-4. Bobber, Leo. Segul 629, Buenos Aires. IV-2. Bobbio &*Castiglioni. Sdenz Pefia 105, Buenos Aires Boker y Cfa., S. de R.L. Moreno 437, Buenos Aires. I. Bombonerla Alemana.4 Cabildo 1714, Buenos Aires. VI-4. Bonacossa, Segundo. Santa Marla 641, Buenos Aires. III-l. Bonetti, Federico. Bartolom6 Mitre 1265, Buenos Aires. VI-3. Boni, Herminia Mollin de. Oberd, Gobernaci6n de Misiones, F.C.N.E.A. VI-3. Bonnetti, Andrds. Pringles 1327, Buenos Aires Bonomo, Francisco. Lavalle 1977, Buenos Aires. II-5. Bonomo Film. Lavalle 1977, Buenos Aires. II-5. Borchardt y Cia., S. de R.L. Moreno 369, Buenos Aires Borelli, Oscar Ricardo. Genova 669, Ciudadela, F.C.O., B.A. II-l. Borgolte, Rudolf. Virrey Olaguer y FeM 2623, Buenos Aires. V-3. Borowski, Gustavo. Reconquista 976, Buenos Aires. VII-4. Bosch, S. A., Robert. Rio Bamba , Buenos Aires. I. Bose, Walter. Sarmiento 459, Buenos Aires. I. Bosenberg, Rodolfo. Rivadavia 633, Buenos Aires. II 5. Bottger y Cia., R. Garay 838, Buenos Aires. V-6. Brandes, Helmut E.C.P. Bulnes y Juan Fco. Segul , Buenos Aires. IV-3. Brandosa Sociedad An6nima, Inmobiliaria, Financiera, Comercial e Industrial. Juan Francisco Scgul 4634, Buenos Aires. V-6. Brandt, Gottfried (Dr.). Obligado 1720, Belgrano, Buenos Aires. I-l. Brandt y Cia., G. (Dr.). Victoria 3101, Buenos Aires. I. Brauhardt & Liitzeler. Tacuari 591, Buenos Aires. I. Brennecke, Carlos. General Mitre 588, Rosario. III-3. Brimmer, Ing. Paul. Buenos Aires. VIII-6. Bromberg y Cia., S.A.C.5 Moreno 970, Buenos Aires, and all branches in Argentina. I; VI-3. Bros, Rodolfo. Rawson , Bernal, F.C.S. VIII-4. Bruder, Rodolfo. Beazley 3551, Buenos Aires. IV-2. Bruggcmann, Heinrich. Aguero 1549, Buenos Aires. II-4. Brugger, Fernando G. Arcos 2070, Buenos Aires. I. Brugues, Antonio. Cerrito 330, Buenos Aires Brunner, Federico Carlos. Victoria 850, Buenos Aires. VII-3. Brunner, Francisco. Avenida de Mayo 1035, Buenos Aires. I. Bruno, Carlos. Coronel Diaz 741-7, Avellaneda. IV-5. Buchlein, Gerardo. Florida 1065, Buenos Airea I. * Owned by Herman Preusse.» Not to be confused with Alberto Bromberg y Cia., 8.R.L. Ltda., Venezuela 1319, Bnenos Aires.

16 P A R T I 9 A R G E N T IN A Continued Buessau, Carlos.- -Alsina 890, Buenos Aires. I. Buffarinl, Arsenio Guidi. Junfn 845, Buenos Airea. IV-3. Bunge, O. F. Casilla 1459, Buenos Aires. I; VI-1. Bunse, Egon. Bolivar 314, Buenos Aires; and Espafia 871, Florida, F.C.C.A. VI-3. Busso Hermanos. Avenida Pellegrini 398, Rosario Buxhasveden, Herman Baron. Puerto Madryn, Gobernacidn del Chubut. V -l. C.E.S.I.A., Conductores EUctricos Sociedad Industrial Argentina S.A. Victoria 658, Buenos Aires; and Colegio Militar 7, Villa Ballester, F.C.P. VI-1. C.I.T.A., Cia. Industrial T6enica Argentina S.A., Comercial de Importaci6n y Exportaci6n, Montes de Oca , Buenos Aires. IV-3; V; VI-4. Caballero, Rufino. J. M. Moreno 559, Trelles 640, y Avenida de Mayo 749, Buenos Aires. VI-5. Cabildo. Balcarce 378, Buenos Aires. V-4. CADECA Compafiia Argentina de Cereales y Algod6n S.A. Moreno 970, Buenos Aires. I. CADECIN Compafiia Argentina de Comercio S.A. Moreno 970, Buenos Aires. I. CADEFIMA Compafiia Argentina de Fiscalizaciones y Mandatos. Reconquista 336, Buenos Aires. I. "CADEMA Compafiia Argentina de Mdquinas S. de R.L. Reconquista 336 y Moreno 986, Buenos Aires. I. Cafaro. Jos6.# Avenida Presidente Roque S4enz Pefia (Diagonal Norte) 943, Buenos Aires. V -l. Cafici y Cia., R. Reconquista 542 y Rivadavia 3440, Buenos Aires. II 2. Caimi y Pozzi. Rivadavia 1255, Buenos Aires. I - l; IV-4. Calera Avellaneda S.A. Bartolomd Mitre 226, Buenos Aires. I. Calicanto-Construcciones Behrendt y Cia. Cangallo 360, Buenos Aires. VI-4. Caliho Sociedad An6nima Comercial Financiera Industrial e Inmobiliaria. 25 de Mayo 145, Buenos Aires. VI-1. Callmann, Alfredo. Avenida Quirno Costa 3520, Buenos Aires. V-5. Calviflo, Eduardo. Rondeau 2982, Buenos Aires. VI-1. Camacho, Crist6bal. Avenida de Mayo 869, Buenos Aires Cameron Argentina S.A. Avenida Presidente Roque S4enz Pefia (Diagonal Norte) 825, Buenos Aires. IV-5. Canever, Antonio. Col6n 561, Posadas, Misiones. IV-1. Cantiello, Alfredo. Bolivar 643, Buenos Aires. III-l. Capello, Marcos Osvaldo. San Juan 4790, Lands, F.C.S.; and Perrault 1166 y Moreno 970, Buenos Aires. III-3. Cappagli, Pilade. Corrientes 222, Buenos Aires. IV-2. Cappagli y Hno., Gaddo. Corrientes 222, Buenos Aires. IV-2. Caraffa, Gonzalez Molina, Krommel y Cia. San Juan 3344, Buenos Aires. Ill 4. Caravatti, Alfredo C. Cabildo 126/28, Avellaneda, Provincia de Buenos Aires. VI 4. Not to be confused with Jos6 Antonio Caffaro, Cerrito 18, Buenos Aires.

17 10 P A R T I AR G E N T IN A Continued Carballo, Manuel.7 Avenida Leandro N. Alem 1474 y 1510, Buenos Aires. 11-2; IV-2. Carboncra Buenos Aires Sociedad An6nima Comercial e Industrial. Corrientes 378. Buenos Aires. I; V-5. Carca, Luis. Arismendi , Buenos Aires. IV-4. CARDIMEX Compafiia Argentina de Importaci6n y Exportacion S.A. 25 de Mayo 11, Buenos Aires. I. Carozzo Rolleri, Mario. Callao y Serrano 1818, Buenos Aires. II-5. Carracedo, Jos6. Mdxico 227, Buenos Aires. VI-6. Carrere Dujol, Enrique. Victoria 676, Buenos Aires. VT-1. Cartonerfa e Imprenta Ocfinger. C6rdoba 5653, Buenos Aires. I 1. Casa Argentino-Belga.- Casilla de Correo 179, Buenos Aires. VIII-3. Casa Artus. Bolfvar 853, Buenos Aires. II-3. Casa Barufka. Garay 838, Buenos Aires. V-6. Casa Birk S.A. Afiasco 955, Buenos Aires. IV-4. Casa Bork. Juramento 2465, Buenos Aires. IV-4. Casa Denk-Aceros Boehler S.A. Comercial e Industrial. Belgrano 550, Buenos Aires. I; V-6. Casa Don Juan. Segurola 1101, Buenos Aires. 1-1 Casa Fehling. Avenida Alvear 3154, Buenos Aires. 1-1; V-4. Casa Gonzdlez. Independencia 1599, Buenos Aires. V-6. Casa Itoh. San Martfn 66, Buenos Aires. I. Casa Kriener. Cucha Cucha 837, Buenos Aires. V-5. Casa Mayr. Florida 625, Buenos Aires; and Playa Grande, Mar del Plata. IV-5. Casa Mika S. de R.L. Directorio , Buenos Aires. I. Casa Montagna, Sociedad An6nima Comercial o Industrial. Bolfvar 535, Buenos Aires. V-6. Casa Pareja, S. de R.L. Chiclana 3360, Buenos Aires. II 2; VI-6. Casa Pass. Carlos Pellegrini 61, Buenos Aires. II-2. Casa Pavese. Cangallo 315, Buenos Aires. III-l. Casa Petromax. Perd 139, Buenos Aires. III-l. Casa Pewa. Belgrano 263, Buenos Aires. V-6. "Casa Primus. Santiago del Estero 143 y Pedro Goyena 655, Buenos Aires. V-4. Casa Richar. Hidalgo 306, Buenos Aires. VII-4. Casa Stolzenberg. Reconquista 358, Buenos Aires Casa Thies. Avenida Fontana 208, Trelew; and Colonia General San Martfn, Gobernaci6n de Chubut. IV-6; VIII-1. Casa Tom. Warnes 1750/54, Buenos Aires. VI-1. CASAFE. Cervifio 3179, Buenos Aires. VIII-6. Casano y Cfa. S. de R.L., Eugenio. Sarmiento 4006, Buenos Aires. V-5. CASMI, Cfa. Sudamericana M ircantil e Industrial Ltda. Corrientes 1515, Buenos Aires. VII-6. Casprayco -California Spray Company Argentine Ltd. Balcarce 355, Buenos Aires. VIII-5. Castagnola, Carlos Lorenzo.' 24 de Noviembre 1226 (Casilla 576), Buenos Aires. IV-2. Causa, Jos6 Marfa. Avenida de Mayo 580, Buenos Aires > Not to be confused with Manuel Carballo, Moreno 2380, Buenos Aires * Not to bo confused with Alberto Febling Ltda., 8. de R.L., Rivadavia , Buenos Aires.

18 P A R T I 11 A R G E N T IN A Continued Caviglia, Radi. Avenida de Mayo 580, Buenos Aires. VI-2. Cavin, Andrds. Cangallo 500, Buenos Aires. VI-1. Cayani, Hugo Paoletti. Bartolomd Mitre 311, Buenos Aires. I. Cebral, Antonio. Congreso 2287, Buenos Aires. II-4. Centro del Libro Italiano. Rivadavia 581, Buenos Aires. VI-1. Cerigliano, J. Casilla 2734, Buenos Aires. IV-2. Chaves, Alfredo. Avenida de Mayo 1370 y Gascdn 555, Buenos Aires. V-3. Chemical Building Products. Avenida Presidente Roque Sdenz Pefia 720, Buenos Aires. V1II-3. Chiesa, Elio. Esmeralda 320, Buenos Aires. II-4. Chingotto, Julio Radi. Casilla 878, Buenos Aires; and Avenida Tenicnte General Uriburd 618, Lands. I. Christiani, Hans. Avenida Presidenet Roque Sdenz Pefia (Diagonal Norte) 637, Buenos Aires. I ; IV. CIAC Compafiia Italo Argentina de Colonizacidn. San Martin 195, Buenos Aires. V-4. Ciambotti, Blanca. Rivadavia 755 y Bolivar 1268, Buenos Aires. VI-2. Cianciarullo, Antonio Sambriglia. Suipacha 482, Buenos Aires. V-2. Ciarlo, Agustin. 25 de Mayo 375, Buenos Aires. I. Ciclopt (tug owned by La Portefia Empresa de Remolcadores). III-l. CIDAC Compafiia Industrial de Aparatos Cientificos. Perd 151, Buenos Aires. IV-4. Cilander Whede, Augusto P. Simbrdn 3328, Buenos Aires. I -l; VII-2 Cine Alvear. Buenos Aires. I. Cine Argentino. Oberd, Gobernacidn de Misiones, F.C.N.E.A. VI-3. Cine Astoria. Suipacha 482, Buenos Aires. V-2. Cine Cineca. Corrientes 668, Rosario. VI-3. Cine Germania. El Dorado, Gobemacidn de Misiones. III-l. Cine Sociedad Italiana. Resistencia, Gobernacidn de Chaco. III-l. Cine Villa Allende. Villa Allende, Provincia de Cdrdoba. III-l. Clarfeld y Cia. Ltda., S.A., Federico. Paseo Col<5n 746, Buenos Aires. I, Clarinada. San Martin 365, Buenos Aires. III-4; V-2. Claude, Jos6 V. Sarmiento 299, Buenos Aires. V-4. Claude y Cia. Sarmiento 299, Buenos Aires. V 4. Clemens, Pedro. Bartolomg Mitre 559, Buenos Aires. I. Clerici, Angelo. Avenida Presidente Roque Sdenz Pefia (Diagonal Norte) 555, Buenos Aires. III-2; IV. Cochico Sociedad Andnima Agricola Ganadera. Guamini, Provincia de Buenos Aires; and Cangallo 456, Buenos Aires. Ill 2. COFERA Compafiia Ferretera Argentina. 25 de Mayo 67, Casilla de Correo 644, y Paseo Col6n 445, Buenos Aires. VII-5; VIII-4. Coldngelo, Nicolds. Cangallo 439, Buenos Aires. V-6. Combescot, Jean. Virrey del Pino 3511, Buenos Aires. II 4; VI-4. Comercial de Ascensores Italianos Stigler Ltda., Cia. San Martfn 195, Buenos Aires. I. Comercial Fenix, Sociedad. Rivadavia 946, Buenos Aires. VII-3. Comercial Jenarex, Sociedad. Csngallo 315, Ere"os Aires. VI-1. Comino y Cia., Pablo. Callao 35, Buenos Aires Comodoro Rivadavia (steamship owned by Argentina Nueva Compafiia General de Navegacidn S.A.). III-l.

19 12 P A R T I A R G E N T IN A Continued COMPAREX Compafiia Argentina Exportadora de Cereales S.A. Corrientes 424, Buenos Aires. I. Comptoir Industrial Argentino. Corrientes 1515, Buenos Aires. VII-6. Comunetti Hermanos Balcaree 851, Rosario. III-l. C6ndor Ltda., Sindicato.- Corrientes , Buenos Aires. I. Continental Compafiia Transatl&ntica de Caoutchouc S.A. 25 de Mayo 145, Buenos Aires. I; III-l. Cooperativa de Floricultores Nipar Ltda., Sociedad. Avenida L. N. Alem 1518, Buenos Aires. VI-1. Cooperativa Floricultores de Buenos Aires Limitada, Soc. Avenida Leandro N. Alem 1518, Buenos Aires. IV-5. Copaca S. de R.L. Centenario Uruguayo 56/70, Villa Domfnico, F.C.S., Provincia de Buenos Aires. VI-3. Correo Pcriodfetico Sudamericano. Buenos Aires. II-l. Cortez M., Gilberto. La Quiaca. V -l. Cosulich, Giuseppe. Avenida Presidente Roque Sdenz Pefia (Diagonal Norte) 555, Buenos Aires. V-2. Coutinho, Caro y Cia. San Martin 232, Buenos Aires. I. Covema Sociedad Comercial. Peru 375, Buenos Aires. IV-3. CPS (Correo Periodistico Sudamericano). Buenos Aires. II-l. Crefin, Sociedad An6nima Cr6ditos y Financiaciones. Corrientes 545, Buenos Aires; and Avenida La Plata y 12 de Octubre, Quilmes, F.C.S. Ill 2; VII-1. Crego, Angel S. Venezuela 890, Buenos Aires. IV-3. Criscuolo, Edmundo. San Martin 195, Buenos Aires. V-4. Crisol. ;Piedras 338, Buenos Aires. V-4. Crivelli, Carlos D. Vieytes 226, Buenos Aires. Ill 4. Crocitto, Geremfas. Bahfa Blanca. III-4. Curtiembre Gamucerfa Argentina S. de R.L. Fonrouge 2132, Buenos Aires. VIII-3. Curtius, Federico. Buenos Aires. VIII-6. Czysch, Alexander (Dr.). Buenos Aires. VIII-6. Daarnhouwer, J. F. Defensa 320, Buenos Aires. I. Dahlke, Erich. Necochea, B.A. V-L Daido Balki Kaisya Ltda. I. Dainesi, Julio. Rosario, F.C.C.A. II-5. Dainesi Hermanos. Mdjico 3240, Buenos Aires. II-5. Danela, Hugo. Carlos Pellegrini 1100, Avellaneda, F.C.S., B.A. II-l; III. Daube, Juan Guillermo. Sarmiento 299, Buenos Aires. V-4. De Alarc6n y Cia., Francisco. Salcedo 490 y Mitre 5958, Wilde, F.C.S. Ill 2. De Azevedo, Horacio V. Rivadavia 1757, Buenos Aires De Bassi, Rodolfo. 25 de Mayo 145 y Gallo 1661, Buenos Aires. VII-4. Debernardinis, Juan Bautista. Corrientes 424, Buenos Aires. V-5. De Celada, Jos6 Luis Duro Alonso. Avenida Presidente Roque Sdenz Pefia (Diagonal Norte) 825, y Esmeralda 582, Buenos Aires. IV-5. De Con, Elias. Santiago del Estero 949, Buenos Aires. III-l. Decoradora Argentina de Loza y Porcelana S. de R.L., Cia. Warnes , Buenos Aires. IV-4. Delfino, Antonio M. Buenos Aires. VIII-6. Delfino y Cia., A. M. Florida 439, Buenos Aires. I; III-l.

20 P A R T I 13 A R G E N T IN A Continued Del Popolo, Juan. San Martin 1315, Mendoza, F.C.P. V-3. Delta Compafifa Forestal Argentina S.A. Bernardo de Irigoyen 330, Buenos Aires. III-3. De Negri, Oreste A. Sarmiento 381, BuenoB Aires. VII-2. Denk, G., y Cfa., Sociedad en Comandita Exclusividad de los Aceros Boehler. Belgrano 550, Buenos Aires. I. Dep6sitos, Sociedad An6nima. Belgrano 673, Buenos Aires. IV-4. De Souza, Antonio Jos6. Avenida Presidente Roque Sdenz Pefia (Diagonal Norte) 616, Buenos Aires. IV-5. Destri, Egisto. Valentfn Alsina 94, Gerli, Avellaneda. IV-4. Deurer, Gustavo. Alvear 535, Rosario. IV-6. Deutsche La Plata Zeitung". Corrientes 672, Buenos Aires. I. Deutsche Lufthansa A.G. All branches in Argentina. I. Deutsche Waren Treuhand Aktiengesellschaft. San Martfn 232, Buenos Aires. V-5. Deutsches Nachrichtenbttro. Buenos Aires. II-l. Deutz Otto Legftimo, S.A., Compafifa Argentina de Motores. Pueyrred6n 602, Buenos Aires, and all branches in Argentina. I. Diario Nan-A. M6jico 2044, Buenos Aires. V -l. Dieringer, Otto. Alsina 531, Buenos Aires Dietl, Carlos. Reconquista 336, Buenos Aires. V-6. Dietl y Ecke. Reconquista 336, Buenos Aires. V-6. Dietz, Guillermo F. Buenos Aires. III-3. Di Fiore, Nicolds Eduardo. Corrientes 565, Buenos Aires Dillenius y Cfa. Libertad 40, Buenos Aires. I. Dinidis, Constantino. San Martfn 1143, Buenos Aires. IV-3. D Inzeo, Ubaldo Alejandro. Callao 1081 y Rfo Bamba 1161/63, Buenos Aires. IV-5; VI-3. Di Toma, Nicolfis. Bernardo de Irigoyen 584, Buenos Aires. 11-2; Dix, Alejandro. V -l. Dlapa y Cfa., Roberto. Carlos F. Melo 2656, Florida, F.C.C.A. IV-5. DNB (Deutsches Nachrichtenbtiro). Buenos Aires. II-l. Domfnguez, A. Bustamante 2500 y Piedras 338, Buenos Aires. IV-6. Dorge, Heinrich (Dr.). Conde 1995, Buenos Aires. VIII-3. Dornfeld, Guillermo F. Corrientes 424, Buenos Aires. I. Drogueria del Pino. Victoria 676, Buenos Aires. VI-1. Drogueria La Holanda.- Santiago del Estero 532, Buenos Aires. Vl-1 Drogueria Paksa. Rioja 477, Buenos Aires. VI-3. Drogueria Retienne. -Sarmiento 1127, Buenos Aires. I. Drogueria y Farmacia Intemacional. Rivadavia 70-74, C6rdoba. III-l. Dro-qui. Jujuy 442, Buenos Aires. IV-4. Ducati Argentina S. de R.L. Lavalle 1675, Buenos Aires. I. DurAn y Nebia. E. Zeballos 3778, Rosario, F.C.C.A. IV-2. Duranona y Cfa. Alsina 1367, Buenos Aires. I. Duro, Jos6 Luis. Avenida Presidente Roque Sfienz Pefia (Diagonal Norte) 825, y Esmeralda 582, Buenos Aires. IV-5. Dyckerhoff y Widmann S.A. Avenida Presidente Roque S4enz Pefia (Diagonal Norte) 700, Buenos Aires. I; IV. E.N.I.T., Oficina Nacional Italiana de Turismo. Florida 585, Buenos Aires. IV-4. Ebinger, Julio. Buenos Aires. IV-3