Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-08-05
S1D,328 NET Barred
BY PEOPLES DRUG.
Earnings on Common Shares
for Half Year Amount
to IS Cents.
BY HAROLD ROGERS.

Peoples Drug Stores, Inc, and afiil-
lated corporations In its statement for
six months ended June 80, 1888, made
public today, show total assets Of ST.
116, 468.57, with earned surplus at June
30 of s2,O41,12sO3.
Preferred stock dividends amounted
to $68, 1874 during the period and
common stock dividends $59,693.50,
making a total of 1927 1924 in divi-
dends.
The net profit for the six months
period ending June 80 was placed at
$170,32888.
The number Of common stock shares
outstanding was placed at 1887, max
ing earnings per share on this stock at
IS cents.
Improvement Shown.
Total stores income was placed at
$76O8,9 54. with the cost of sales,
stores operating. warehouse, general and
administrative expenses. including de-
probation and amortization, S., AGO.
64652, leaving an operating prof1t OF
$208, 305.02.
The showing made during the last
six months is favorable for the COM
mon stockholders as 1t indicates gain
over the first half of 1882. The net
Of SO cents a share on common stock
for this last six months compares with
a net earning of S17l,976 or 80 cents
q share on the 122,737 common stock
shares III the first half of 1882.
The quarter ended June 80. this year,
shows earnings of $685. 48 equal to 81
cents a share on the 1887 common
outstanding, as compared with SlO5,-
2Sl or 50 cents on 1897 common
shares in the preceding quarter, and to
s70,4 or % cents on l22,737 shares
In the June quarter OF 1882.
Bank Funds Listed.
Among the total assets Of $7116,-
<78.57 the statement lists cash in banks
under reorganization at SIS, l2l.39 and
cash in unlicensed banks at 1882 Al.
Total current assets are listed at 49,
COS, 55107.
Total preferred stock 6ia per cent
cumulative issued and outstanding In
the volume of 22.750 shares, par value
500, is listed at $l22,250. while the
total equity IN no-par common stock Is
placed at $3,659.803.
Dividends payable are listed at $29,-
70s25.
The Peoples Drug Stores are well
known here in Washington, where there
are "a stores, but units of the organiza-
ton are also scattered through Mary
land, Virginia, Pennsylvania and Ohio,
with 81 stores outside of the District OF
Columbia, making a total of lis stores
In all Stock is widely held here in the
National Capital. NJ G. Gibbs Is presl-
dent and N H. Churchill controller
Both the common and preferred stock
Is listed on the New York Stock EX-
change and the preferred stock is listed
~, tho 1ora1 oychaDpa
U. S. Books Finally Closed
The Treasury has finally closed its
books on the S850,O00,00O recovery Sc
curity issue, after it had been oversub-
scribed six times. The offering had
been held open to receive subscriptions
in which Treasury certificates maturing
in September were offered in payment.
The issue, consisting of s500,000,000
in eight-year 34 per cent Treasury
bonds and $350,000000 of two-year
15s per cent Treasury notes, was over
subscribed in less than six hours after
it went on the market Monday morning.
The Treasury, however. held the
books open until Wednesday night to
receive cash subscriptions for $4,000
investors had their orders filed. 1t
kept them open until last night to receive
subscriptions in which Treasury certifi-
Gates maturing in September were Of
fered in payment.
Dean Acheson, Acting Secretary in
announcing the final closing, said that
details as to total subscriptions and
allotments would be announced later.
Daniel J. Callahan, jr., assistant cash.
Ter of Riggs National Bank. has re-
turned from an extended vacation.