Evening star., 1941-03-06
Express Shipments
In February Exceed
Like 1910 Month
Peoples Drug Sales
Climb 9 Per Cent
Above Yeor Ago
BY EDWARD C. STONE.


ahead of the corresponding month
last year, Supt. w. G. Turner re-
ported today.
Shipments received or dispatched
by the local Office in February this
year numbered 1927, against 146,-
449 shipments in February, 1910, an
increase of 20,828, or 14.2 per cent,
Mr.. Turner announced.
The improvement was somewhat
better than in January when the
express Office reported gain of 13
per cent, January shipments total
ing 165 664, as compared with 146,-
ST. a year ago, notable increase
of 1908 shipments.
The February gain of 142 per cent
also exceeds the average increase for
the full year 1910 when business was
IL per cent better than the previous
year.
It will be recalled that shipments
back in December shattered all pre-
vious records not only for that
month. but for any other month.
The figure stood at 271.656, COM
pared with 227 995 in December, 1889,
a jump of 43,661, or 191 per cent.
Peoples Drug Sales Jump.
Net sales of Peoples Drug Stores,
Inc, in February amounted to ST.
$4,000 Sc, as compared with 81 $685.
O7798 in February. 1910, SubStan-
t1al increase of S164 ,926.58, or 9 per
cent, it was learned at the head Of
fee of the big drug chain here to-
day.
Sales in the first two months of
l941 totaled s4,106, ,6o9.5o, against
S3688, ,661.77, a sharp increase of
$417,94773, or 11.3 per cent, the re-
port said.
While total sales in January were
not as high as in February, the per-
centage gain was larger, 1873 per
cent. Sales in the first month OF the
year totaled s2,11e.65541, in COM
parison with $1,870,769.79 year ago
in January, an increase of $248,-
1852.
Today's report is in line with the
glowing February statements on
bank clearings, postal revenues and
express activity, all of which indi-
cate a business boom in the Cap
ital.
January Utility Earnings Up.
Reports to the Public Utilities
Commission disclose that three of
Washingtons four utility operating
companies had better earnings in
January l941, than in the same
month in 1910. All made an excel
lent showing.
The Capital Transit Co. reported
the largest gain in net income, the
January figure standing at S68.-
35796, against only $6,681.55 in jan
uary year ago, an increase OF S61,-
6764l. Owing to the fact that COM
pany earned almost nothing year
ago, the gain is 923 per cent.
The Potomac Electric Power Co.
reported a net income in January
of 1894, ,626.22 in comparison with
S390,581 in January a year ago,
gain of $4,045.22. Expense advanced,
but the company had an increase
of S94 ,20880 in operating revenues.
The Chesapeake & Potomac Tele-
phone Co. had net earnings OF $685.
O88 in the first month of 1941,
against Sl65,078 in January, 1910,
an advance of S4,010. practically the
same as that of the power company.
The Washington Gas Light Co.
registered net revenues of s219 172
in January, compared with s241 ,203
a year ago, a decrease of $22,031, the
slump being due to the much
warmer weather this year which re-
duced the demand for gas.
New Policies Total 3O,752.
Policyholders and their bene-
ficiaries received a daily average of
almost $130,500 from the Massa-
chusetts Mutual Life Insurance Co.
in 1910, according to the annual
report being distributed by John F.
Cremen. Washington general agent.
Of the total benefit payments of
S47,994,621, living policyholders re-
ceived $50, ,593, ,720 in dividends, ma
tured endowments, surrender values
end disability and annuity pay
ments, while $17400,901 was paid
out in death claims. In addition,
s13,75O 352 consisting of income pay
mentS and dividend accumulationS,
was paid from funds left with the
company in previous years.
At the year end, life insurance in
force was 81 ,989, ,685 ,982, representing
520,290 policies. During the year
30,752 new policies representing a
face value of SIPS BIT we're writ
ten.
The companys total receipts dur
ing the year amounted to $121 1885,
617.72 with disbursements of $685.
279, 1853 10, leaving balance of $685.
707,14893, the report showed.
New February Loan Record.
The Lincoln Service Corp. loaned
S249, 1858 in February, 194l, as
compared with $163 1877 loaned in
February, 1910, or an increase of 527
per cent. This is by far the largest
increase in the volume of business
done during the month of February
since the corporation was started in
1881, President Charles Delmar said
today. The company is engaged in
industrial banking.
Needham Ends Florida Vacation.
D. j. Needham, general counsel Of
the American Bankers Association
who has been taking a months va
cation in Florida, was expected back
at his Office in the Washington
Building today. He returned from
Florida by boat to Baltimore.
Reelection of R. R. Gilbertas al
president of the Federal Reserve
Bank of Dallas for period of five
years is announced by the Fedora
Board The contest over the presi'
dency of the Federal Reserve Banl
of Chicago mas not yet been settled.
Today's Trading on Exchange.
Washington Gas Light preferret
stock opened trading on the Wash
1ngton Stock Exchange today witt
a 1O-share sale at 106.
Washington Gas common ap
peared on the board in a 16-shar
sale at %, off slightly from some o
the recent transfers.
+ Il.