Evening star., 1940-07-12
Jan.-June,

WINSTON salem, C. 11.3 + 81
Other cities + 81 = 81
Fifth district --- + Ct + g.;
Virginia ---- + 35 + A.
West Virginia ----- + 81 -+12:
North Carolina + 81 + 81
South Carolina --- + 83 I'LL
Washington's June gain of So pei
cent compares with gain of only
1.8 per cent in June last year over
June, 1887 The gain in the whole
district last year was only per cent
over the previous year.
Peoples Drug Sales Mount.
Sales of Peoples Drug Stores, Inc
scored a gain in every one of the
first six months of this year, COM
pared with 1889, according to com.
parsons made today. AS noted yes
terday, sales of the big drug chain
in the first half of 1910 totaled SILL
183.24107, against S10.872.81297 a
year ago. an upswing of $315. .528 10
Or 290 per cent. Monthly compari-
ions follow:
January -s1,871, ,77O.7e Sits, 1911
February - 1,825,O76.98 1,737 7,140 .6e
March -- 1,94853811 1,859,621 3a
April ------ 1,820,9O316 1867 ,032 1a
May ---- 1,875,124.79 1858, TAG 8e
June $4,000 1,869,O9422 1,8GO,713.7e
The best percentage gain was re-
corded in January, when sales were
.5.55 per cent better than in January,
1889 At the same time, March
reached the peak in dollar volume
of sales. The figures show that sales
were unusually steady both in the
first half Of this year and in the
like 1889 period.
Peoples Drug Stores common
stock, which is listed on both the
Washington and New York Stock
Exchanges, has sold at 2l3. this year
and as low as Is. 1t has sold re-
Gently on the Washington exchange
and in New York around 18; to yield
5.63 per cent.
Counter Trading Extensive.
More than 6,700 securities houses
and dealer banks, with some 1900
branches throughout the country,
create and maintain the over-the-
counter market for securities, and
through the medium of this market
furnish to investors in approx
mately $85,0OO, 100000 of outstand-
ing bond and stock issues the only
existing organized facilities for
trading in these securities.
This estimate is. contained in a
new book entitled The Over-thc-
Counter Securities Market-What 1t
Is and How 1t Operates published
by the National Quotation Bureau,
Inc, of New York, Chicago and San
Francisco and was written by John
c. Loeser of the bureau.
Outstanding bond and stock issues
which for one reason or another are
available for trading exclusively
over the counter include, accord
ing to the new book, an estimated
100000, 100000 of industrial company
bonds and stocks, $4,000, 900, 900 of
State, county, city and other mu-
nicipal securities, $4,000, 100000 of
United States Government direct
obligations and inStrumentality is
sues, $7,500.000000 of stocks issued
by banks, trust companies and in
surance companies, $4,000.000 900 of
real estate securities, $3,500, 100000
of public utility bonds and stocks
and more than $300O,0 900, 900 of such
railroad securities as mortgage
bonds, guaranteed stocks and equip
ment trust certificates.
Bank Joins Reserve System.
The City Bank of Washington
has been admitted to membership
in the Federal Reserve System
President Hugh Leach of the Fed
eral Reserve Bank of Richmond
announced today.
Clarence F. Burton is president
of the City Bank The main Office
is located at Ninth street and
Massachusetts avenue NV, with
branches at Tenth street and Penn
sylvania avenue NV, Eighth and
G streets Sc, Georgia avenue NV
Connecticut avenue and East Capt.
tol and Ninth streets. Deposits on
the call of June % totaled SILL
175,33468.
Didden New Bank Director.
Directors of the National Capita.
Bank have elected George A. Did
den, jr, to the Board of Directors
to fill the uneXpired term of his un-
Gle, Charles A. Garry, resigned. The
new director is native of Wash
ington. 80 years old, which makes
him of one of the youngest band di-
rectors in the city, graduate of Cath
olice University, and member of the
District bar since 1884. He is presi-
dent of the Washington alumni
chapter and of the mid-Atlantic
province of Gamma Eta Gamma, a
national legal fraternity, as we'll as
having several other organization
Affiliations
H. H. Mckee is president and
chairman of the board of the Ma
tional Capital Bank.
Heard in Financial District.
Y. E. Booker, head of the invest
ment firm by that name, is taking
a vacation and is now visiting the
Thousand Islands. Last reports
said he is having great luck fishing
The Lanston Monotype Co. has
declared a quarterly dividend of 81
cents per share, payable August 81 tc
stockholders of record August 81
The same amount was paid on May
81. J. Thilman Hendrick is chair
man of the board
Capital Traction SIS figured in an.
other sale on the Washington Stock
Exchange today, $500 transfer tax.
ing place at 1907. These bonds
sold yesterday at l0l.