Evening star., 1935-07-28

respectively, will J. Earle MeGeary.
supervise and coordinate the activ-
tiles of the other committees.
Announcement of the full list OF
committee chairmen followed recent
meeting of the Educational Commit
tee, which planned generally the edu-
cational program to start late in Sep
tember.
The complete list of committe ap-
pointments, announced last night by
McGeary. follows:
Administrative Committee-William
H. Laughlin, Washington Loan &
Trust Co.
Advisory Committee-Karl w. Cor
by, w. B. Hibbs & Co.
Archives Committee - Herbert D.
Lawson, Washington Loan & Trust Co.
Athletics Committee-Kenneth Brig
field, American Security & Trust Co.
Audit Committee-Robert M. Poole,
Riggs National Bank.
Banquet Committee - Richard A.
Norris, Lincoln National Bank.
Dollars & Sense-A. E. Henze, w.
B. Hibbs & Co.
Educational Committee-Edward M.
Blaiklock, Washington Loan g. Trust
Co. r..
Entertainment Committee-Francis
E. Robey, Bank of Commerce & Saw
1ngs.
Finance Committee - Walton L.
Sanderson, Hamilton National Bank.
Forum ommittee-Frank NJ, Per-
ley, American Security & Trust Co.
House Committee-L. Harry Rider,
National Metropolitan Bank.
Membership Committee-Robert A.
Sisson, Hamilton National Bank.
Program Committee-Paul j. Seltzer,
American Security & Trust Co.
Public Affairs and observation-disclosures
A. Soper, Lincoln National Bank.
Publicity Committee C. Elmer
Father, Union Trust Co.
Public Speaking and Debate Com
mittee-A. Stanley Wolfe, Riggs Ma
tional Bank.
Women's Committee - Vivian E.
Stokes, Hamilton National Bank.
Peoples Drug Net Down.
Peoples Drug Stores, Inc, and sub
here in Washington, and many others
in this territory extending as far West
as Ohio, earned $1.27 share on the
245,324 shares of common stock out
standing for the Six-month period
ending June 80, according to its con-
solidated financial report made public
last night.
This compares with an adjusted"
per share earning of $1.45 for the
comparable period in 1884. AS a mat
ter of fact the earnings per share for
1884 first half amounted to S299, but
this was on the basis of 1887 shares
of stock then outstanding, and before
the issuance of stock dividend, which
doubled the number of shares
Net sales for the six months this
year totaled $9,072, ,708.13, the report
showed, while other store income was
listed at $131 ,07821, making a total
store income of 9,203, 1864.
Cost of sales stores operating, ware
house, general and administrative ex-
penses, including depreciation and
amortization, was listed at $685.
862.67, bringing the operating profit to
$437, ,923.67. The net profit for the
period is listed at $375,37203, dividends
on preferred stock at $62,741.26, leav-
ing net profit available for common
stock s312,63o.77.
The report lists earned surplus as at
December 81, 1884, at $1,614,5 ,592.s8.
which after adding net profit for the
first six months and deducting divi-
dends on both preferred and common
stock, brings the earned surplus as at
June 80 this year to S1,745, 1925.
Buy More Securities.
The country's leading life insurance
companies purchased over 100 per cent
more investment securities in 1884 than
they did In 1888, according to Poor's
new 1885 edition of Insurance Com
pany Purchases and Sales, just issued.
The figures show that approximately
s3,097, 10000 of securities were pur-
chased by 851 insurance companies
during 1884, as against $1,528, ,000, 900
invested in securities by 816 insurance
companies in 1888.
Securities valued at more than one
billion dollars were purchased by
three of the largest life insurance
companies during 1884. The largest
individual buyer was the Equitable
Life Assurance Society, with 1884 Sc
curity investments aggregating $685.
945,792, as against $136,426,993 in
1888. The second largest buyer was
the Metropolitan Life Insurance Co.,
with purchase of 1887 500, ,704, as COM
pared with a 1888 total of $l21 ,876.-
739. The Prudential Insurance Co.
the leading purchaser in 1888, with
$188, ,770,361, was third in 1884, al
though 1t increased its security invest
ments to the sum of 1901 1854, I'LL.
Public Works Decline.
Notwithstanding an appropriation