Evening star., 1944-09-10
August Increase
|nPeop|es Drug
Sales Revealed
$2,8l0,35l Volume
2.6 Per Cent Ahead
Of Same 1943 Month
BY EDWARD C. STONE.

registering SUBSTANTIAL improve.
ment, net sales of Peoples Drue
Stores, Inc, in August totaled ST..
S10,351 .89, as compared with $2,739,.
35364 in the same month a veal
ago, an increase of $70,99825, or 2.t
per cent, and in marked contrast
with July when sales showed a de-
crease of more than $4,000, Treas.
urer W. H. Churchill announced yes
terday.
The good August showing brought
the decrease in sales in the first
eight months of the year down tc
$123,097.21, with the total standing
at $22213,32781, compared with
$22 1886, ,425.02 in the like period q
year ago.
During August the company oper-
ated 13l stores as compared with
134 IN August, l943.
Department Store Sales Rise.
Sales in Washington department
stores for the week ended Saturday
September 2, were per cent ahead
of the corresponding week year
ago, the gain being the same as in
the 5th district, the Richmond Re-
VI ASoiN ACpol oSu yCStCl udy.
Retail sales in the Capital were 18
per cent better than in the preced-
ing week this year. In the four weeks
ending on the same date, sales here
revealed cumulative gain of 10
per cent against for the whole dis
trict, the report said.
Sales in the whole 5th district in
the first eight months of 1914 were
per cent better than in 1943.
Auditors to Attend Farley.
Washington will send an unusu-
ally large delegation of IA bankers
to the 18th annual meeting and
postwar conference of the National
Association of Bank Auditors and
Controllers, which opens three-day
session in Cleveland a week from
tomorrow.
Raymond G. Marx will head the
delegation as he is chairman of the
auditors section of the District
Bankers Association and also a ma
tlonal committeeman He will make
report as member of the COM
mittee for cooperation with regu-
latory Government departments.
President Hugh E. Waters, Louis
vile, will preside and nearly all
speakers will discuss postwar prob
lens.
Hume As Years in Finance.
Thomas L. Hume, dean of the
financial district, is just completing
45 years in the investment business.
In excellent health, he expects to
remain on the job half a century.
Although 70 years old, he is at his
office In the Edmonds Building every
day.
Mr. Hume links the past with the
present in the Capitals Wall Street.
When a young man he was associ-
ated with the late William B. Hibbs.
founder of the brokerage house bear
Ing his name. Mr.. Hume withdrew
as firm partner to operate his own
business. At present, his son. Thomas
L. Hume, jr., is associated with him.
Mr.. Hume Is native of the Cap
ital, member of the Washington
Stock Exchange and a Mason. In his
office he has most interesting pic
ture of the Washington Exchange
members of 30 years ago and an
oVliCA VI a piSlilC pdlly UdkeIl al Ills
fathers house on Tunlaw road when
President Grant was the guest of
honor.
Building, Loan Assets Jump.
Total assets of member building
and loan associations of the Federal
Home Loan Bank System increased
10 per cent to $5,538, ,000, 900 during
1943, Gov. James Twohy reported
yesterday.
The associations increased cash
and Government bond holdings by
SO per cent, raising Federal secur-
tiles to s739 900 900, from $3.50 900 900
at the end of the preceding year,
and enlarged share capital by IA per
cent.
Chiefly because of accelerated re-
payments by borrowers and wartime
shrinkage in construction loan out
lets, mortgage holdings of the asso-