Evening star., 1944-06-11
Acacia Reports
NayS Sales Set
New Record
$3.50, 900 Compared
With Sc, 200, 900 in
Same lo43 Month
By EDWARD C. STONE.


for the month, insurance written
by the Acacia Mutual Life Insur-I
ance Co. during May totaled ST.
$4,000, compared with $6,200,000 in
May, 1943, a sharp increase of ST.
$4,000, President William Mont
gomery announced last night.
On May 81 total insurance in
force was s539, 100000 against s4S1,-
$4,000 a year agp, notable ad-
vance of s57 900, and an aver
age net gain of nearly $5,000,000 a
month.
Mr.. Montgomery reported that
on May 81 the companys assets ag-
gregated more than $123,000, 900,
compared with $113,066,000 on the
same date a year ago.
Peoples Drug Sales Slump.
Net sales of Peoples Drug Stores,
Inc, in May totaled s2,816,275.78
against. S2,854,15470 in May, 1943,
a small decrease of $37 1882 or 1,3
per cent, w. H. Churchill, treas
urer, announced yesterday.
Sales in the first five months of
1914 reached $13,794 ,718y07, COM
pared with $13,910,5l9.82 in the like
1943 period, a decrease of $115,-
BOLTS or o.s per cent. During May
the company operated 131 stores as
compared with 1876 in May, 1943.
Directors of the Morris Plan Bank
of Washington have declared the
usual per cent semiannual divi-
dend, payable June 29 to Stockhold-
ers of record June 26, Linwood P.
Harrell announced yesterday.
Capital Store Sales Climb.
Department store sales in Wash
ington for the week ended Saturday,
June 8, were 2 per cent ahead of
the corresponding week year ago,
the Richmond Reserve Bank an
nounces. Sales were off l per cent
from the previous week this year
but in the four-week period ending
June 8 we're 7 per cent ahead of
last year. In the fifth district, the
weekly gain was 6 per cent while
sales in the four weeks stepped up
10 per cent.
Stockholders of the National Cap
ital Bank ratified the proposal for
a merger with the East Washing
ton Savings Bank, George A. Did
den, jr., president, announced. Of
ficers will be elected this week and
the two institutions soon will be
united.
The June meeting of the Execu-
tive Committee of the District
Building and Loan League will be
held Tuesday noon at the New Eb-
bitt Hotel, Secretary F. Wilson
Camp announced yesterday. Spe-
cial attention will be given the War
Bond drive.
Potomac Power Sales Mount.
Continuing their long advance,
sales of the Potomac Electric Power
Co. in May totaled 108,691 ,031 kilo-
watt hours, against 102,683,705 in
May a year ago, an increase of g.
007 1876 or 5.85 per cent, officials an
nounced yesterday. Railway and
street lighting sales were practically
the same as last year but general
sales disclosed a gain of 6,040, ,684
kilowatt hours or 6.75 per cent.
The District of Columbia Life Un-
derwriters' Association has an
r1ounced that the insurance quota
for the Fifth War Bond drive has
been set at S7,500,000, with william
B. Rumple as general chairman. At
the final meeting of the associa-
ton year. Charles w. O'DonneA, re-
firing president, was presented a
handsome wrist watch by Vernon
w. Holleman, incoming chief. Dur
ing the year 81 new members were
enrolled.
Loan Students End Studies.
The annual dinner and gradua-
ton exercises of Chapters 81 and
108, American Savings and Loan
Institute, will take place Tuesday
evening at the Broadmoor Hotel,
with Dom B. Thomas and George
Briersacker, presidents of the re-
spective groups, as co-chairmen.
William N. Payne, jr., executive
head of the Eastern Building Asso-
citation, will be master of ceremonies
and DR.. Elmer L. Kayser of George
Washington University the chief
speaker. Special guests will include
w. H. Husband, general manager,
Federal Savings and Loan Insurance
Corp, and Maj. A. D. Theobold,
U. S. A.
The United States Savings and
Loan League announced yesterday
that building and loan association
loans for home ownership in the
first three months of 1914 were 38
per cent ahead of 1943. More loans,
rather than larger loans, accounted
for the increase.
Securities Dealers Meet.
Harold c. Patterson, chairman of
the Business Conduct Committee,
District II, National Association of
Securities Dealers, held a luncheon
meeting of the members of the as
sociation in the District at the May
flower Hotel Friday.
Among those present were Wal
lace H. Fulton, executive director;
Ralph Chapman, chairman of the
Board of Governors, and James P.
Nolan, governor, national associa-
ton.
Tnpitni Seeurities