Evening star., 1937-01-11

compare as follows in percentages
with like periods in 1885:
o,r,rs Pss Fssf Jan.IPes.' iIss
saitimore Md r199a : -
chsTiieston, chsTieston, " ". va + y? III!
HHnt[nstSn' HynsbDS4s y; w. va a4 iSa i9.s i?.s
Washington. D C. 81 80
Winston-Salem, N c. + al ~.
ETif'hh D.si siorss e stores +i5 ti1gg
Sircinio -+I5.4 -+-l0.4
North Carolina ---- i2.L i3.2
South Carolina ------ r W. = 1o'o
IN the year 1886. in comparison with the
pe5odT seaT Ressf4e d
sriets: s ts!'Gs Boston. III and 10; New York;
d; d .nd GlfVelane, ohisaso sHa ana I$
et., Louis. rs and IL; S;.v Minneapolis ts and
s J. pafias oad 10 90 kansas snd ~? 1s San Fran1
Peoples Drug Sales Up.
Net sales of Peoples Drug Stores,
Inc, in the full II months of 1886
totaled s21,153,239, in comparison
with s1o,2l5,675 in the like period in
1895, an increase of $1,937 ,564 or 1o.1
per cent, according to report from
the corporations headquarters here.
Net sales in December made good
deal better record than the average
for the IL months. Sales totaled
s2,407,393, compared with S2,089,568,
a gain of s317,826, or 1872 per cent,
over December, 1885.
The IS per cent gain in December
Is about the same as that reported
by many other chain stores during
the last few days. In fact, it is bet
ter than most of them, although in a
few instances increases OF 20 and rs
Der cent have been reported in the
anal month of 1886.
December business was more favor
able than November. when net sales
were n per cent better than in No
vember. 1885.
Bank Farley Topics Listed.
Local bankers have received COM
munication from the American Bank
ers' Association, urging their attend
ance at the regional banking confer
ence at Pittsburgh. January % and 20.
Some of the subjects which will be
discussed, the association announces,
are on the need for bankers to coun-
sel together, bank insurance and crime
protection, the bankers part in build
ing an agricultural community, char
tering of banks, loan administration
policy, investment policy, budgetary
control, expense control, income from
banking services, public relations and
banking education, personal loans, F.
II. A. mortgages, preserving the asso-
citation between banking and trust
business, research on Federal lending
agencies, postal savings, costs and
methods of operation and in the trust
Sield.
Housing Boom Seen in 1887.
Increasingly serious housing short
ages, higher rentals and recovery in
purchasing power combine to make
the 1887 outlook for residential build
ing among the most favorable for
any industry at the present time. says
D survey of % industries prepared by
Fenner & Beane, New York Stock Ex-
change firm. Vacancies in many cities
are less than per cent. to compare
with a normal S per cent, even in
gears of large-scale building, the re-
port indicates. Rents have already
recovered half of the decline from
the boom years of the late 20s.
Residential construction this year
should carry on the momentum IN
home building apparent since 1884,
and exceed by wide margin the
$500, 100000 volume estimated for
1886, itself a gain of 10 per cent over
1885. the forecast says.
IL Banks Earn Dividends.
The IL Federal Reserve Banks in
1886 had net additions to surplus of
S457,000 after paying all dividends to
member banks and allowing for re-
serves, the Board of Governors of the
Federal Reserve System announced
yesterday.
The fact that the Reserve Banks
had earned their dividends, with some
margin to spare, came as a surprise
here. Officials had been predicting
until recently that the banks would
fail for the first time since 1882 to
cover their dividend requirements, and
their profit and loss statement for the
first six months showed them running
behind.
Insurance Speakers Announced.
John M Strait, chairman of the
Speakers Committee of the Nine
teenth Annual Joint Sales Congress
Of the District of Columbia and Bal
timore Life Underwriters Associations,
announced the complete list today for
tomorrow's sessions at the Willard
Hotel. The speakers include:
Winthrop G. 'Batchelder, manager,
Washington office Connecticut Life
Insurance Co., who speaks on Selling
Investment Insurance to the Man De-
pendent on His Earned Income; Ar
thur w. Watwood, legal staff, United
States Department of Internal Reve-
niue, whose subject is Outside Look
ing In; r. B. Dinsmore, agent, Pru-
dental Life, on my System of Build
ing Clientele; Milton Bacon, Jack
sonville, Fla, subject, Thirty Years
With Dotted Lines; A. H. Kollenberg,
Grand Rapids, Selling Life 1nsur-
ance";; Edward S. Warfleld Of Balti-
more, "My System of Prospecting"
and George H. Harris. Sun Life, who
will talk on Life Insurance. Ma
tional Asset"
Reports today indicate that Balti-
more will SEND a record delegation
and that very large attendance is
assured.
Bank Stocks Reach New Peaks.
Riggs National Bank common stock
sold at s340 a share on the WASH
ington Stock Exchange today, against
the last previous sale at $780, Ameri-
can Security g. Trust Co. stock came
utAt $3l0 share, up from $295.
both bank stock established new
high marks for q period Of several
yesfs