Evening star., 1936-04-08

naming the follow
'iS0" d. A' ing bankers:
Clarence F. Burton, president, City
Bank; c. F. Jacobsen, cashier, Ma
tional Metropolitan Bank; c. H. Pope,
vice president, Munsey Trust Co.; Will
liam v. Simmons, trust officer, Liberty
National; Sidney F. Taliaferro, trust
officer, Riggs National, and j. Frank
White, vice president and cashier Of
the National Bank of Washington.
The convention is slated for the
last four days in May at the famous
Greenbrier Hotel. 1t is one Of the
largest and finest resort hotels in the
United States. President Doing, Ord
Preston. general convention chairman,
and heads of the important commit
tees will make a special trip to White
Sulphur soon to complete all details
for the coming event.
Peoples Drug Sales Gain.
March sales of Peoples Drug Stores,
Inc, reported at the head Office here
today. totaled 81 1,587,299 against ST.
553,292 in March, 1885, an increase of
S29007, or l8 per cent.
At the same time Peoples Drug re-
ported sales for the first three months
of this year amounting to S4,846, 1888
in comparison with s4,445,775 in the
like period a year ago, an increase of
S401 lib, or 9 per cent.
March sales Jagged in comparison
with the February total which showed
an increase of 1876 per cent over
February, 1885.
Insurance Men Boom Drive.
T. NJ Rodlun. advertising manager
of the Acacia Life Insurance Co., re-
ports that 130 officers, representatives
and employees of the company are
displaying the "Save-a-life" stickers in
automobile windshields in connection
with the safety drive conducted by the
District Life Underwriters Association.
This is the best record yet reported
by any agency. Charles w. ODon-
nell is chairman Of the associations
Special Committee.
The District Underwriters Associa-
tion stood thirty-third in member
ship among other large cities through
out the country With the addition
of more than 100 members during the
present year, it is believed the Capital
will take quite step forward in COM
parative standing this year, largely
due to the efforts of Winthrop G..
Batchelder. membership chairman.
Best Trade Seen Since 1928.
From the Richmond Reserve Bank
come predictions that retail in the
fifth district during the pre-Easter
period will be the heaviest since 1928.
Using tax collections as a gauge,
fifth district conditions have recently
shown material improvement. Inter-
nal Revenue collections in Virginia in
March were Is per cent above those
in the same month year ago. Gains
North Carolina, where Federal collec-
tions were off 2 per cent, but State
collections up 10 per cent.
AS Spring advances, gains in en-
ployment are being reported, plant
Ing is getting under way in the South
ern part of the district. construction
boom is reported in progress and more
money is In circulation, Richmond re-
ports add.
Land Bank Bond Sales Pushed.
Bond houses in this city were busy
today talking orders for their quotas
of the new $3.50, o,oO0o 900 2o-year Fed
eral Farm Loan per cent bonds
brought out at 99l2 and interest, to
yield 3.03 per cent. Bond dealers in
the Capital are highly pleased over
the present bond situation. They get
part of some new issue almost every
business day in the week and report
that the demand for these new bonds
Is excellent.
All the New York Stock Exchange
Offices here will be closed Friday. AS
usual, Wall Street will observe Good
Friday. The Washington Stock Ex-
change will also be closed. Banks.
however, will be open as usual.
James H Lemon, president Of the
Washington Bond Club, is already
making plans for the annual outing
which takes place late in May Other
officers of the club include Thomas
Montgomery of Waggaman, Brawner
& Co.; Chauncey G. Parker. jr.. of
Auchincloss, Parker & Redpath; John
E. Parker, G. M. P. Murphy & Co.,
and Clark Brown of Brown, Good
win g. Co.
Woodward & Lothrop Higher.
Woodward g. Lothrop common stock
advanced to a new high price on the
Washington Stock Exchange today,
from IS to 81, on a 15-share turn
over. Other stocks also we're strong
in today's session, Potomac Electric
Power preferred coming out at Ill
and the corporations 51a per cent
preferred selling at 1872.
Two 10-share sales in Riggs Ma
tional Bank common stock were re-
corded, both at $50, the highest price
reached on the present rise. The
days largest stock sale was 100 shares
of Washington Railway & Electric
preferred, which appeared on the
board at Ill.
The bond market opened with two
$1,000 sales in Washington Railway
& Electric Is at LOT, within fraction
of the 1886 high mark. After call
there was another sale in the same is
sue at the same price.
The Carpet Corp. has been added
to the list of local securities soon to
pay regular dividends