Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-11-12
Sf.B a Share Earned
BY Peoples Drug
In Nine Months
BY EDWARD c. STONE.

III Nine WOnInS
By EDWARD C. STONE.
Net income of Peoples Drug Stores,
Inc, In the first nine months of
this year amounted to 1863, 553.12,
compared with the slightly lower
figure Of 1862 1861 a year ago, and
equivalent to 81 SO per common share
against $1.35 in 1913, w. H. Church-
ILL., treasurer, announced yesterday.
Net sales tntaled SIS. xuu,8ec ,o.n.
pared with $25 ,083 1888 in the same
nine months last year. After deduc-
ton OF administrative expenses, in
GLIDING depreciation and amortiza-
tion,' operating profit amounted to
81 y848, 629 against S1,69l,514 a year
ago.
Federal income and excess profits
taxes required 81 ,273,650 against the
sum of $1,128,443 last year. The
company reported total current as
sets of So, 100 1886 compared with So
150, 233 in 1943.
New Loan Committees Named.
Clarence E. Kefauver, president of
the District Building and Loan
League, yesterday appointed c. Clin-
ton James chairman of the impor.
tant Law, Legislation and Taxation
Committee for the coming year:
other members being Chaplin B.
Bauman, John j. Carmody and
James c. Wilkes.
Edward C. Baltz was given a
double assignment, being named
head OF the Postwar Planning Com
m1ttee and also chairman of the
War Bond Committee. The other
committee appointments follow:
liam H.. Dyer. R. Edward Early. C. c.
James: E. L. MeAleer and Fred 4. Smith
man: Martin A. Cook z. J. Carlson. How
ard E., Thompson and j. Horace Smithey.
Publicity, and Advertlsing-Edward |.
< Jones, Otto Hermann and R. L. Houston
oh MsmbsrshsD wi, Joseph T. gi,t;zssFals
Blanz,. C. Gay Harrell and John G. Koib.
Postwar Planning-Edward C Baltz,
ehf H En es5 b gan1 r. s sGPs
mann, C. c. James and Chaplin Bauman.
War Bond-E, c. Baltz, chairman: Odell
L. X.
F: A. Smith, Robert W. Werth and Roland
NJ. Brown.
Bank to Disburse s232,73s.
The Industrial Bank, Eleventh and
U streets, vii pay out S232, 736 to
8,050 Christmas Savings Club mem
bers early in December, it was
learned yesterday.
This is the largest Christmas
Savings Club total. as well as the
largest number of members, the
bank has ever reported. Handling
the funds has been a severe strain
on the personnel during the last
year, officials said, but they consider
the club of great value to patrons.
According to present indications,
Industrial will be the only bank in
the Capital to operate Christmas
Savings Club during 1945. Jesse H.
Mitchell is president.
Federal Leaders to Speak.
Leading speakers at the SD an
nual meeting of the United States
Savings and Loan League, opening
tomorrow in Chicago, will include
John H. Blandford, jr., housing ad-
ministrator; John H. Fahey. Federal
Home Loan Bank commissioner:
Peter w. Odegard, assistant to the
Secretary of the Treasury: F. x.
Pavesich, chief, Loan Guarantee Di-
vision, Veterans Administration,
and Curt c. Mack, Housing Admin
istration.
The program will be devoted 70
loans to veterans, housing and the
coming War Bond drive. Among
many other speakers will be John
w. Galbreath. president, National
Association of Real Estate Boards.
Capital Store Sales Rise.
Capital department store sales for
the week ending Saturday, November
4, showed per cent gain over the
corresponding week last year, the
Richmond Reserve Bank reported
yesterday. The 5th district upturn
was per cent; Baltimore, 4, and a
group of cities, %.
Cumulative sales in Washington
for the weeks ended November 4,
were IL per cent ahead of the like
1943 period. The 5th district noted
exactly the same advance, the sur
vey disclosed. Sales in the 5th dis
trict for the year to date are up 6
per cent.
Harrison on Bank Program.
Nelson T. Harrison, member of the
law firm of Hogan & Harrison. and
general counsel of the District Bank
erS' Association will address the
Fiduciaries Section, Friday evening,
at the May1ower Hotel Secretary
William V. Simmons announced yes
terday. His subject will be Com
ments Regarding District of Column
bia Standards for the Investment of
Trust Funds" Lester A. Lawrence,
section chairman, will preside.
Directors of the National Capital
Bank have declared the usual extra
Christmas compensation for all en-
ployes, it was announced yesterday,
the third Washington bank to take
such action.
Postwar Tax View Planned.
John j. c. Macdonough, president,
Washington Chapter, National As
ISOLATION of Cost Accountants, an
nounced Yesterday that Paul e.
Shorb will address the November
meeting, Wednesday evening at the
Washington Hotel, on irrespective
Changes That We Nav Expect in the
Postwar Income Tax Law"
MIR. Shorb. a tax expert. will COM
ment on the Ruml Plan. Twin
Cities Plan and the, Committee for
Economic Development Plan. w. H.
Dame and other accountants will
also speak. A reception will start at
6 o'clock; dinner at 6:45.
Loans to Veterans Allowed.
An addition to the regulations for
Federal savings and loan associa-
lions clears the way for such insti-
buttons to make all types of home
mortgage loans covered by the loan
guarantee provisions of the CT Bill
of Rights, James Twohy, governor of
the Federal Home Loan Bank Sys-
tenn, announced yesterday.
After an association has the ap-
proval of its investors, it may Sc
cure immediate permission to make
CT loans by merely filing applica-
ton with the Federal Home Loan
Bank Administration, the superN-