Evening star., 1941-05-08


ssszs& sasssSsSs~ dent, has been
Carl J. Bersmann. very active in
District of Columbia Building and
Loan League, as we'll as in the
United States Savings and Loan
League, having served on several
important national committees.
Mr.. Bergmann was asked to con-
tinue his duties as treasurer of the
building and loan association for a
short time. the directors planning
to take action on this position at
their next meeting.
Mr.. Bergman is president of
the American Fire Insurance Co. of
the District of Columbia He has
been with the building association
since 1904.
A new director was elected. Will
liam L. Moore. who is active in real
estate Directors reelected at the
meeting include John H. Clipper, c.
Rammllng, James R. Ellis, Clyde
H. Miller, Max Welton, Joseph N.
Saunders and Walter B. Avery.
The other officers are John Hen
mann H. Bergman. secretary. Sec
retary Bergman reported that 1910
was the associations best year, re-
sources climbing to Sl0750,O00.
Railroad Securities Analysed.
At dinner given at the Army and
Navy Club last night by the invest
ment firm of w. w. Mackall & Co.,
William w Mackall and William G.
Coe being hosts, Patrick B. McGin-
mis- of Pfugfelder, hampton & Rust
New York, gave very interesting
talk on "Reorganized Railroad Sc
curities.'
His firm has made special study
of the railroad situation from an
investment standpoint and he pre-
sented the results of the investiga-
ton. In his opinion several of these
railroads now offer some excellent
investment opportunities. About so
guests were present. including many
leading bankers. Among the guests
were:
F. G.. Addison, ir,. president, Secu-
ritv Savings & Commercial Bank;
Wilbur C Dieter, Union Trust Co.:
c. S. Taylor Burke, president,
Burke dI Herbert Bank & Trust Co.,
Alexandria; William C. Turner,
president, Southern Maryland Ma
tional Bank, La Plata: w. w. Sulli-
van. Reconstruction Finance Corp:
Baine Marbury, Don Roberts, Acacia
Mutual Life Insurance Co.; Malcolm
Matheson, jr.: J. T. Kingsley, Ernest
Smoot, Charles Caswell, Interstate
Commerce Commission; Clyde Gar
rett, o. r. Leveritt and Sam Emer-
son, United Services Life Insurance
Co.
Nelson B. O'Neal, George M. Ire
Ian. Corcoran Thorn, jr.; j. Ezra
Troth, Edwin B. Shaw and John M.
Christie, all of the Riggs National
Bank; Lanier P. McLachlen, presi-
dent, McLachlen Banking Corp, and
A. M. McLachlen, of the same bank;
M. E. Quigley and Stanley D. Willis,
National Metropolitan; George M.
Fisher, Remick S. Ferguson and
Bernard M. Amiss, Washington Loan
& Trust Co.: Ernest Gerstenberg. w.
r. Forster. Aubrey o. Dooley, Ham
ilton National.
William B. Willard and Nelson
Foster, National Savings & Trust
Co.; Richard A. Norris, Lincoln Ma
tional; M. F. Calnan, president,
Liberty National, and w. T. Van
doren of the same bank; Willard G.
Barker president, Morris Plan Bank;
L. H. Dudley, Alexandria National;
Herbert Bryant, P. j. Mcmahon,
Munsey Trust Co.: Richard l.. Rutf-
ner, president, Citizens National,
Alexandria; Joseph A. Garglulo; R.
J. Dooley and Ralph G. Wilson, Ma
tiOnal Bank of Washington; Reed
Dolan, United States Treasury, and
Julien H. Addison.
Peoples Drug Sales Climb.
Net sales of Peoples Drug Stores,
Inc, for April totaled S2145 ,856.16,
in comparison with $1,820903l6 in.
April a year ago, an increase OF |
1924 953. or 178 per cent, it was an
nounced at headquarters Of the big
drug chain here today.
Earnings in the first quarter were |
also reported net sales reaching
So. .39G, ,682O3, against s7447,651.43, a
substantial gain of $943 ,03060, or
127 per cent.
In connection with the very fine
showing in April it should be re-
called that large amount of Easter
trade is included in the totals, which
was not the case year ago.
Peoples Drug sales in March to-
tailed S2,144 1889, and were 10 per
cent ahead of March, 1910
Financial District Comment.
Virginia Public Service Co. will
redeem on June /, 1941, $4,000 of
Its first mortgage and refunding 20
year sig per cent gold bonds, series
A. at 10114 and accrued interest.
Fifty shares of Real Estate Mort
gage & Guaranty preferred sold on
the Washington Stock Exchange yes
terday at 67s, the first sale on the
exchange this year.
Deposits in 10 mutual savings
banks in Baltimore set new record
on March 81, 194l, totaling s225 ,O09,-
656, in comparison with S224 ,323, ,l64
in deposits on February %. 194l, and
s223, 1853 ,689 on March 81, 1910
Keehn w. Berry, president Whit
ney National Bank of New Orleans,
was elected president of the Asso-
citation of Reserve City Bankers at
the final session at Hershey, Pa,
succeeding Harold V. Amberg.
Washington's delegates were back in
the city today, Robert V. Fleming,
Sidney F. Taliaferro. F. P, H. Sid
dons. Joshua Evans, jr., and Wilmer
j. Waller.
Capital Traction 5s led trading on
the Washington Stock Exchange
again today. selling at 104l2, same
as yesterday. Potomac Electric
Power 5l2 per cent preferred stock
moved at 115l. and 115 and Capital
Transit figured in 30-share sale
at 1872.