Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-08
LARGE FIRMS HAVE
GOOD HALF YEAR
Peoples Drug, Southern
Diaries and Liggetts Do
Larger Business.
BY EDWARD c. STONE.

Sales of Peoples Drug Stores. Inc.
E1or tune and for the firiH six months
81 the year, just announced, show
substantial increases in both totals
Sales during June totaled S485 .s19.
while for the same month a year ago
they were $423,8 e9, an increase this
year OF 100, or 14.5 per cent. For
the six months they reached $685.
zl4, while Tor the same period last
year they amounted to $2,561 ,7s1,
making an increase this year of S276..
423. or 1877 per cent.
Southern Diaries, Inc. another con.
Germ In which there is wide local in.
terest, today reported that net sales
Tor the first six months Of this year
amounted to $5,263 1876, compared
with $s,999,9SS for the same period
last year.
Other Sales Reveal Increases.
Retail sales OF Louis X. Liggett
Co., subsidiary Of United Drug Co,
Tor June increased to $4,138, 190 from
xS,sIz,6Sl In June last year, bringing
the total for the half year to SPA.
first half Of 1926.
Sales of the McCrory Stores Cor
poration for June totaled $2,357,sf1.
gain OF more than per cent over
last June. For the six months they
reached x14 ,180s 81, gain of over
9z,VOO,OO0 compared with the first
half OF last year. or more than II per
The F. w. woolworth Co. showed
gain for the first half year Of
s5.90l,4S1 over the first six months
sales OF last year. The s. 8. Kresge
20. now estimates that sales for tho
present year will reach $12O, O0O, 900.
ana also reports that more new stores
are being opened than in any similar
period IN the company's history.
Record Made on Local Exchange.
The Washington Stock Exchange
To-Day had one of the quietest ses-
sions ever known on the local board.
But two issues were dealt in, and
only hve sales were recorded. Wash
ington Gas IS opened with q 81 900
sale at 104h, and closed with two
$6VO sales at 104%. Five shares of
Mergenthaler Linotype sold at 1o7.
100000 Bad Checks in Year.
This weeks bank. talk by the Dis
trlct BANKERS Association in the edu-
cational campaign being carried on
through the advertising columns OF
the local newspapers states that
more than 100000 checks were re-
turned through the Washington
Clearing House last year because of
lack OF funds. This amazing figure
shows that a great many people al
lowed their credit standing to be
seriously marred, to say nothing of
the additional cost Of service need
lessly brought upon the banks
Check Charge Is Lifted.
Action by the New York Clearing
House IN removing the charge on
cashing out-of town checks h c,n-
sidered by washington banker as of
little importance to this city. Local
bankers have long been doing much
OF their business OF this nature
through the Federal Reserve. If is
believed here that the move is largely
20 get business that the charge rule
had driven away.
Personal and Other Notes.
Charles r. Grant, treasurer Of the
washington Loan and Trust Co., who
Is at the George Washington Hos
pital following an operation for ap-
pendicitis. is reported steadily irnprov-
ing. His temperature today was back
to normal
James E. Lunsford. formerly state
ment clerk at the Merchants Bank
and Trust CO., is now a paying and
receiving teller at the Central Savings
Bank ~,
The FIRST general statistical figures
OF June business are found In the
power output OF the North American
Co. for the four weeks ending July
I, 1925. showing an increase OF nearly
IL per cent over that of the same
subsidiaries for the same period Of
1926.
The American Security and Trust
Co. has gone into the movies by
placing moving picture of a vaca.
ton scene as q window display. The
picture shows a campfire and trout
stream, both in colors. the reds and
blues causing many pasgerby TO
stop and look Attention Is also call-
ed at the vacationist's need of deposit
boxes for his valuables and travellers
checks for his trip.
IT probably VIII be July 81 at the
earliest Judge Beverley 7. Crump
told opposing counsel at Richmond,
before he win hand down his decision
In the suit Of Arthur Lyman and
other preferred stockholders of the
Southern Railway Co. against the
company. in which plaintiffs ask an
equal division with common stock
holders OF dividends In excess OF
mar cent