Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-02
PEOPLES DRUG INC,
LEASES BIG STORE
Takes Ground Floor Space in
New Washington Building.
Part of Expansion Plan.
Try EDWARD C. STONE.

BY EDWARD C. STONE.
Peoples Drug Stores Inc, is continu-
ing it's policy of expansion by signing
a lease for ground floor space in the
new Washington Building, at New
York avenue, Fifteenth and G streets.
The new store will be located In the
southwest corner of the building.
The rapid growth of this firm during
| the past two or three years has been
Of great interest to the local financial
| district, as the stock Is widely held
here. At present the preferred Is sell
ing on the Washington Stock Eek
| change around ITO.
| The first tenant to move into the
new office building was the lnterna-
tional Mercantile Marine Co., which
opened today for business at 1417 q
street The Remington Typewriter co.
and the Parker-Bridget Co also VIII
| have street floor space as soon as 1t
| is ready.
AS vet no contract has been closed
with any banking institution for the
! spacious quarters being completed on
| the second floor. Doubtless this is part
lv due to the fact that all the larger
banks in Washington have homes OF
their own.
Banker Observes list Birthday.
One of Washington's ablest bankers
celebrated his seventy-first birthday
so quietly the other day that hardly
ANYBODY knew it. Yet few bankers
have had buster life than William
II. Galliher, chairman of the board
of directors of the Federal-Amer1can
National Bank, as a casual glance at
"Whos Who" will quickly prove.
Born in Port Deposit, Md, July ~,
1856, he obtained his early education
in .the public schools and then lost
no time in starting his business ca
reer. The lumber business first called
him and after coming to Washington,
he became head of the firm of w. L.
Galliher & Bro, established in 1889.
His interest in lumber also led to his
election as president Of the Home
R,Iilding Association and of the Lum-
Der Exchange.
Mr.. Galliher first became prominent
in banking circles when elected oil
rector in the old American National
Bank at it's organization In 1913.
Later he served as vice president ana
was president of the institution when
il merged with the Federal National In
1922, assuming his present duties at
that time. In addition to his banking
affiliations, Mr.. Galliher is treasurer
of the Rosslyn Steel & Cement Co.
and a director in the Washington Title
Co.. Washington Railway & Electric
Co. and the Washington Hotel Co. He
is a member of the Board of Trade,
Chamber of Commerce and Board OF
Charities and years ago was president
of the District Bankers Association.
To keep time from hanging heavliy
on his hands, the veteran banker is
a trustee of American University and
the Swrtzell Home for Children, as
well as a trustee and treasurer of the
Board of Temperance, Prohibition
and Public Morals of the Methodist
Church. In fraternity life he has
reached the top Of the ladder, being
a SD degree Mason. Mr.. Galliher Is
also an Odd Fellow, member or sew
erl other orders and belongs to the
University and City Clubs. Inciden-
tally, he was chairman OF the Cool
idge-Dawes Inauguration committee.
in 1925.
Diarying in South Booming.
The dairy industry in the South Is
making rapid progress, according to
data collected by the reserch depart
ment Of Southern Diaries, Inc.
One county reported so new farms,
another more than doubled the num-
Der of registered herds, and a milk
producing district increased its pro-
duction 100 per cent in 1926, accord
ing to w. r. Cole, president Of the
Louisville & Nashville Railway.
Davies Warfield, president of the
Seaboard Air Line, reported an IN
crease Of As per cent in revenue de-
rived from milk and cream transporta-
ton as compared with the aVerge
for the past five years.
Butter production increased $50 per
cent from 1914 to 1924, according to
A. c. Needles, president of the Nor
folk & Western, while milk production
Increased more than 800 per cent In
the same time.
Bank Stocks Active Today.
Rank stocks were active on the
local exchange today. Commercial
National opened at 264 and closed at
2641h, the days turnover .totalins 20
shares. Ten shares Of Liberty Ma
tional sold at the high for the year
of PA. Two shares of National Bank
Of Washington sold at 1861 and nVe
shares of Washington Loan & Trust
Co. came out at 495, also hiSh 1or
the year in this issue.
Potomac Electric 512 per cent pre-
ferred appeared on the board at l01A,
while the company's per cent pre-
ferred sold at 10SB. Thirty nine
shares of Lanston changed hands at
99A, and 10 shares of Merchants
Transfer & Storage preferred moved
at 1O11a. Capital Traction gained a
quarter Of a point, selling at 106 Il.
Sixty shares of Columbia Title Co:
sold at -, and 100 shares Of National
Mortgage & Investment preferred sold
at Z. Chevy Chase Dairy preferred
registered 103h.
In the bond division, Washington
Railway & Electric 4s opened at S6's
and closed at 1914. Georgetown Gas
IS brought 1902.
In and Out Of the Local Banks.
John B. Larner, president of the
Washington Loan & Trust Co., is pass
ing a few days at his Summer home
in Pennsylvania. He will return Fri
day in time for the postponed meet.
ing of his directors. Tomorrow Will
be another big day in his career as
he reaches another birthday anniver-
sary.
]: William Roberts, manager Of the
uptoWn branch of the Security Saw
ings & Commercial Bank, is taking
his vacation, passing part of it In the
Blue Ridge Mountains. Later he Will
go to Cape May. N. ].
G.. S. See, manager Of the Ninth
street office of the District National
Bank, is on motor trip in New York
and Pennsylvania.
Frank P. Morse, manager of the
Washington office Of j. & w. Seligman
& Co, has sailed for Europe, where
- will cpop5 oovara1 weeks touring