*786OPINION.
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 *787and 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.