Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-08
DRUG STORE SALES
Z IN MARKED GAINS
Peoples Chain Reports for
Ten Months-LocaI
Financial Notes.
BY EDWARD e. STONE.

BY EDWARD e. STONE.
Sales of Peoples Drug Store, Inc, for
utCctober were reported today as 81 1868,
S45, against 1914, 626 for the correspond
ing month in 1928, an increase OF
1884 20, or 40.4 per cent.
-; Sales for the first 10 months of the
present year were announced as tota!-
ing $12,421, 875, in comparison with
So, 99O, 1886 in the corresponding period
J2Iast year, a gain of $S,431 400, or 1872
,.per cent.
Peoples Drug Stores preferred stock
has been listed on the washington
Stock Exchange for several years. The
stock closed yesterday at 106 on a 3d.
sshare turnover for the day. Sales on the
local exchange so far this pear total
about 900 shares at prices ranging from
los to 1874.
Suggests Basis for Investing.
Four wears ago Barron's Weekly con-
Quoted contest on the best INVESTMENT
selections for a widow supposed to have
ohlOOO 600 It is interesting to note that
A. we're Shaw of Shaw, LOOMS 81 Sayles,
who gave a talk on investment be1ore
some 800 Washington women the othCr
Cay was one of the contestants ana tnaI
his selections have made a rather star-
ting record since that time. The imam
~cial weekly recently reviewed the mar
ing the intervening four years,
Mr.. Shaw suggested II conservative
common stocks and IL bond issues. AT
the end of the period and before tne
recent stock crash the common STOCK
selections had an appreciation In quoteo
values of 1868 per cent and mao re-
turned an income on the investment OF
376 per cent. The value of the Sug-
gested stock and bond investments Wnen
Chosen was $99,935, and not long pc
fore the recent market tumble had ad-
vanced TO 1921 ,003.
- ore naturally wonders what common
1'stocks were selected. The list included
New York Central, Atchison, Conson-
dated Gas of New York, Commonwealth
Edison, American Telegraph and Tele-
fphone, Union Carbide, General Electric,
Westinghouse Airbrake, United STATES
.ASteel, Standard Oil of New Jersey, Unlt-
ed Fruit, Dupont, Allied Chemical,
American Tobacco B, Sears RoeoucK,
Phoenix Insurance and National City
Bank. The bonds were such issues as
Columbia Gas & Electric 5s, chesapeake
81 Ohio 412S Great Northern rs ana
Appalachian Power rs.
e Asked for his principles of selection,
.cRr. Shaw said he would use the follow
sing rules in making up any similar
sElist: own only stocks and bonds OF
leading companies in sound and es.
sential industries with the exception OF
a stocks listed on one of the major ex-
changes Only stocks which can boast
: of unbroken earnings as well as dividend
records of at least 10 years. own STOCKS
ain at least five different industries and
lis different companies, including Few
q low-yield stocks as means OF build
cling up capital and future income"
One or two of the original Baron lists |
included only bonds, the four-year re-
sview showing no such records as the
stocks. But some of the best BOND llStS
~ also revealed excellent income yields |
j and price advances, in spite Of the hard
shedding which senior securities have |
had.
80 Prices Steady on ID. C. Board.
Ten shares of Riggs National Bank
sold at $50 on the local Stock Exchange
sttoday Five shares of Liberty National
e~ changed hands at els, five of Merchants
Bank & Trust Co. at 1876, ten OF Amer1-
:, can Security & Trust at 440, single
;; share of Union Trust at 293ss and sew
g eral shares of Washington Loan 81 Trust
Sat 500.
= Thirty shares of Washington Railway |
= & Electric sold at 95, fifteen shares OF
Capital Traction at 1894, Mergenthaler
was fractionally higher than yesterday |
- and firm prices were maintained in sew |
rs eral other miscellaneous issues. Bonds |
were again in good demand at recent |
levels.
o. " The board Of governors voted to close !
90 the exchange tomorrow, as the New |
IS York Stock Exchange is to be closed to |
>. allow the clerks to catch up with the |
mass OF delayed bookkeeping.
Local Financial District Notes.
~. The recently declared quarterly divi-
dend Of IL per cent on the common
stock of the Washington Railway &
s%Electric Co. is payable on December
a IN NnVnN1-
Z Der 16.
7 The quarterly dividend of ~ per cent
Y on the 6 per cent preferred stock of the
x Potomac Electric Power Co. and the l %
4 per cent dividend on the 51a per cent
I preferred, are payable on December to
= stockholders of record November 20.
Il Frank w. Stone, vice president of the
2 National Savings & Trust Co., is con-
EAained to his home, at the Wardman
Park Hotel, with illness. Mr.. Stone
has made most enviable record In
local banking circles, having been con-
:. nected with the trust company for 81
years.
H. j. Donoghue, treasurer of the
Merchants Bank g. Trust Co., is another
banker confined at home with illness.
He is suffering with an attack OF in
digestion.
Frank ]. Reynolds. president of AL
bert Frank & Co. of Boston, has been
appointed national councillor to repre-
sent the American Association OF Ad-
yertiSing Agencies in the United States
Chamber of Commerce. Reynolds will
serve as liaSon officer between the adj
.--Yertising profession and the chamber.
s@as The annual meeting of the stock
Z holders of the Potomac Savings Bank
8 will take place on the second Tuesday
9 in December at Alexandria, the bank
: holding a Virginia charter. The officers
z will report an unusually prosperous
= year. The bank was established in 1908.
= There appeared to be much better
feeling in the local broker Offices today
( regarding the outlook in the stock
) market. The higher opening indicated
Z that forced selling had been lifted for
!. the time being, at least. One broker
: stated that it was the first day since
8 the break that his firm had not been
d. obliged to sell out some margin ac-
counts at the opening.
J 1t is reported among local insurance
: men that there is great deal more
: borrowing on insurance than has been
q the case for years. The sudden demand
: for loans on policies is laid to the
. tumble in stocks.
2 Brokers loans decreased $685. 900
! in the week ended November g., to
: S4.882, 100000.