Evening star., 1938-06-07

IN Ine naUlOndl IlIloslS. 1ne SeCOnu
prize is $500 in cash.
There were eight contestants at
Louisville and Carr's friends in WASH
ington Chapter are delighted that he
got so close to first place. No doubt
the other IL delegates at the conven-
ton gave him some fine support dur
ing the contest which is always one Of
the biggest events on the yearly pro-
gram.
Peoples Drug May Sales OFF.
Peoples Drug Store, Inc, sales for
May were reported today as $l,7l8,-
572, against s1,895.364 in May, 1887, a
decrease of per cent.
In the first five months of the pres
ent year Peoples Drug Store sales
totaled s8,709,533, in comparison with
$9,115,870 a year ago. drop of only
A per cent.
The May percentage figure is more
favorable than that reported by many
other big chains for the same period.
The flve-month record is considerably
better than the average report so far
announced.
First Dividend Is Paid.
The American Co., the real estate
firm which came out of the reorgan-
ization of the old Federal American
Co., has just paid a dividend of $3.50
per share on the preferred stock, John
Poole, president, announced today.
The payment was made on June 6 to
stockholders of record June /. Mr..
Poole added that since reorganization
the company's business has been going
along very nicely.
Bank Official Receivers.
Victor B. Deyber, who has been laid
up for a month as the result of a very
bad fall while on visit to his daugh-
ter, is back in the financial district.
The chairman of the board of the Sec
ond National Bank and former presi-
dent of the District Bankers Associa-
ton has fully recovered. He stopped
using a cane yesterday. In the fall
he injured one foot severely. 1t was
during his term of Office that the
Bankers Association started having
annual spring dinners at the Columbia
Country Club.
Convention Delegation Grows.
More than 225 members of the Dis
trict Bankers Association and guests
will attend the Goth annual convention
which opens at the Homestead Hotel,
Hot Springs, Va, Thursday morning,
s. William Miller, chairman of the
Transportation Committee, announced
today.
In view of present business condi-
tions, this is considered a highly sat-
isfactory number 1t will compare fa-
vorably with past conventions, but will
not equal the record made at Asheville
some years ago.
Among the guests this year will be
Mariner S. Eccles, chairman of the
Board of Governors of the Federal
Reserve System, and Marshall r.
Diggs, acting controller of the cur
rency. Lawrence Clayton, also con-
nected with the Federal Reserve
Board, will be present.
Abner H. Ferguson, general counsel
of the Federal Housing Administra-
ton, will be another Government Off
cial among the guests, as will be
Elwood H. Seal, corporation counsel
District of Columbia. DR.. Marcus
Nader. New York University, is also
on the guest list and the program.
Exchange Trading Active.
In active trading on the Washing
ton Stock Exchange today, Washing
ton Railway g. Electric As sold at
107M.
Potomac Electric Power per cent
preferred moved at 1131z, and single
share of Riggs National Bank COM
mon came out at 263.
Woodward & Lothrop common fig
ured in three sales at 50, and Lincoln
Service Corp. preferred appeared on
the board at 46.
Capital Traction was stronger to-
day. Is shares changing hands at g..
The market closed with three small
lots of Mergenthaler Linotype selling
at 10.
State and municipal financing for
the month of May totaled STAT, 100 .098
as compared with $54.044,339 in May,
1887. This is the largest May total
during the past seven years, according
to the Daily Bond Buyer. Accounting
for the bulk of this total were the
k11, $4,000 loan by the city of Boston
and the s5o,oo0,ooo New York City
loan,