Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-13
NEW TAKOMA PARK
BANK COMPLETED
Officers to Open New Home
10 Public Next Week-Druq
Store Sales Climb.
BY EDWARD c. STONE.

StOi . OQICS VllIIlUs
BY EDWARD c. STONE.
With the completion this week of
the handsome new home of the Ia.
koma Park Band, at Carroll and Will
low avenues, in Takoma Park, an
other splendidly appointed suburban
financial institution is ready for occu-
pancy. The present bank long has
been outgroWn and the new structure
was built to meet the steady eX-
pansion. 1t is the first suburban bank
to be erected since the Chevy Chase
Savings Bank opened it's doors, fol-
lowing by only few weeks the con-
structlon of the Bank of Bethesda.
President II. F. Taft and the other
officials are receiving hearty congrat.
ulationS on the success of their build
ing operations. The officers and di-
rectors have planned a housewarming
for next Thursday evening, August
Is, when the new bank will be thrown
open to the public. The bank will
be held open from 8 until II in the
evening and many prominent Wash
lngton bankers connected with the
downtown institutions have been in
vited to attend. The bank has every
modern convenience in arrangement,
lighting, ventilation, heating system,
counters and officers accommodation
and is we'll worth close inspection.
Drug Store Sales Growing.
July sales of the Peoples Drug
Stores totaled $679,89S, as compared
with S519,466 in the corresponding
month last year, or a gain of 30.9 per
cent.
Total sales for the seven months
ended July 81 amounted to S4,42O,926,
compared with total Of s3,348,9S7 for
the seven months ended July, 1926,
or an increase Of 80 per cent for the
seven months.
The 44S stores of the Louis X. Lig-
gett Co. during July had a sales total
of $47S3.657. an increase of 8.83 per
cent. or $3S9,224 more than in July,
1926.
Sales for the first seven months
were $33,783,657, an increase of 1927
per cent over the $29,106,123 sales
total for the corresponding period of
last year.
Association Head Selected.
Henry r. Hayes of Stone & Webster
& Blodget Of New York. is slated to
become the next president of the
Investment Bankers Association of
America, succeeding Pliny Jewell of
Boston. Mr.. Hayes is now serving
as a vice president and a member of
the associations business conduct
committee.
tons submitted by the nominating
mi fn
presentation at the sixteenth annual
convention Of the association, which
will be held in Seattle, Wash, starting
September "a.
Fifth District Textile Industry.
The report Of the fifth Federal re-
serve district for June carries an OPP
timistic tone for the textile industry
in Virginia, North and South Carolina.
North Carolina led the district dur
ing the month with consumption of
l49 $40 bales. South Carolina next with
111,751 and Virginia II 1858 bales. The
total, 273,4 bales. compares with
264,507 in May and 212,398 in June
last year.
Mills are operating approximately
full time. They have in hand larger
volume of forward orders than for
several years and are accommodating
little stock in their warehouses.
Many of the goods recently sold APP
pear to have gone into the hands of
the consumers, wholesale dry goods
houses, jobbers and department stores
W0men's Committee Chosen.
Announcement Of the women's COM
81 Xyo hi nj or r.
lean Institute of Banking, has been
made as follows: Mabel V. Boyce,
Loan & Trust Co., chair
man; Judith Fishburne, Commercial
National Bank, vice chairman; Hilda
Shomo. Washington Loan & Trust Co,
secretary; Esther Lau, Riggs National
Bank; Ruth Gochenour, American
Security & Trust Co.; Helen Brown.
District National Bank; Florence Gard
ner, National Metropolitan Bank;
Anna White, Federal-American Ma.
tional Bank, and Margaret Rupp,
Liberty National Bank.
This committee is in charge Of all
activities Of the local chapter
with an especial view to encouraging
bank employees to progress in
the business world through the adj
vantages offered by the A. I. B.
Heard i'm Financial District.
Harry V. Haynes, Howard Moran
and Francis G. Addison are the first
intention of attending the annual con-
vention of the American Bankers AS
ISOLATION at Houston, Tex, during the
week of October "a to %.
The revised constitution and by
laws Of the District Bankers AsSocia- |
ton, upon which so much time was
spent during the Hot Springs conven-
ton, is now being printed in booklet
form and will soon be available for dis |
.ribution.
The next meeting Of the council of
of the District Bankers
Association will be held on August 28 |
With the recent acquisition by the |
Security Savings & Commercial Bank |
If the Central Savings Bank, another
branch has been added to the member |
ship of the association, the list now
AZ main banks and II
branches.
George w. Hess, director of the |
United States Botanic Garden, and |
Prof. David Lumsden, horticulture
st in the Department Of Agriculture,
have accepted the invitation to act as
judges at the annual flower show to
be held at the Federal American Ma
tional Bank, on August 20 and 30.
This annual event is proving a greater
and greater success each year.
Vice President Ernest Gurstenberg
Of the Merchants Bank & Trust Co., in
charge of the Twentieth street and
avenue branch, is spend |
ing his vacation in New Jersey.
Vice President Fred Mckee Of the
Security Savings and Commercial
Bank is back at his desk after a
short vacation spent on Chesapeake