Evening star., 1945-12-09
Peoples Drug Sales
TT Per Cent Above
in Noyember
By EDWARD c. STONE.


BY EDWARD C. STONE.
Net sales of Peoples Drug Stores.
Inc, in November totaled S3,l48,-
600.63, compared with $2,923 .508.52
in the same month last year, no.
,able gain of $225, ,092.11 or n per
cent, w. H. Churchill, treasurer, an
nounced yesterday.
Sales in the IL months of the cur
rent year totaled S31, Ills ,94948, an
increase of $648 1892, or 81 per
cent above $31, ,067 ,606.56 in the like
period in 1914.
During November the company
operated 131 stores, the same num-
Der as year ago.
Gas Offer Ends December Is.
Holders of Washington Gas Light
Co. SIS preferred stock have been
notified that the offer to exchange
their shares for new $3.50 preferred
will expire next Saturday, Decem-
ber 15..
Nine W. shington investment
houses have agreed to buy from the
company for resale to the public
all unexchanged shares of the new
$3.50 preferred, details being given
in prospectus.
The outstanding $3.50 preferred
is selling on the Washington Stock
Exchange at 109. The last sale in
the S. preferred was made at 1861,
the 1945 high being 1921.
Lanston Listed On Curb.
Lanston Monotype Machine Co.
stock, popular issue on the Wash
ington Stock Exchange, also has
been listed on the New York Curb
Exchange, with trading to start on
December 81, it was learned yester-
day
The Securities and Exchange
Commission approved the listing on
the Washington Exchange and nat
urally will be favorable to the New
York Curb listing The stock, par
value IS, is selling on the Washing
ton Exchange between 1871 and 20.
The company's sound financial
condition is reflected in the invest
ment of 100000 in Victory Bonds
during the present drive.
Christmas Trade Expands
Department store sales in Wash
ington for the week ended Decem-
ber l were per cent ahead of the
comparable week a year ago, while
retail trade in the fifth district was
per cent ahead of last year, the
Richmond Reserve Bank announced.
Trade in the Capital was 80 per
cent ahead of the previous week this
year which included the Thanks
giving holiday.
Cumulative sales in the four
weeks ending December l we're
per cent above the like 1914 period
in the Capital and up per cent in
the fifth district.
Acacia Tops Bond Purchases. {
William Montgomery. president.
Acacia Mutual Life Insurance Co.,
has announced that the companys
purchase of S7,800.000 of Vi:tory
Loan Bonds is the largest single
purchase made in the Greater
Washington area. 1t represents the
maximum amount the company
could purchase under Treasury reg
ulations for insurance companies,
banks and building and loan as
sociations.
Acacia Mutual has achieved the
distinction of being the largest pur-
chaser of bonds in the Nations
Capital in every one of the eight
campaigns held since the beginning
of the war, Mr.. Montgomery added.
Hieston in Banking so Years.
Louis P. Hieston has Just COM
pleted so years service with the
Farmers & Mechanics Branch Of
the Riggs National Bank and its
predecessor institution. Riggs di-
rectors have passed a resolution Of
appreciation, accompanied by an
appropriate gift.
Mr. Hieston entered the old Farm
ers g. Mechanics National Bank Of
Georgetown in 1895 as an assistant
runner. He was chief paying and
receiving teller when this bank was
consolidated with Riggs in 1928, and
has held important positions since
that time.
Active in community and religious
| affairs. he is a trustee of the Dunn
| barton Avenue Methodist Church.
He is one of only four officers and
employees of Riggs National having
a record of so years service.
Darneille Given Promotion.
The Navy has announced the pro-
motion to commander of 1t. Comdr.
B. j. Darneille, former president Of
the Suburban National Bank of
Takoma Park and Silver Spring. He
| is on duty in the finance division of
the Navy and expects to return to
banking in Washington upon dis
charge from the service He lives in
| Georgetown.
Albert S. Galley. vice president of
the Lincoln National Bank and
treasurer of the District Bankers
| Association, is visiting his brother
in Los Angeles.
Joseph A. Marr, Penn Mutual gen.
eral agent, is attending a home of.
fee conference in Philadelphia
which is planning postwar careers
in insurance for returning service
| men.
Mortgage Recordings Soar.
Real estate financing activity in
! october reached the highest month
ly total in more than a decade,
| Federal Home Loan Bank officials
| reported yesterday. Estimated re-
cordings amounted to S556 900 900,
up 20 per cent from the previous
month and 81 per cent above Oc-
| tober, 1914.
The average mortgage amounted
to S3,482. All types of mortgage
lenders participated in the rise, mu-
tual savings banks having the great
est increase, % per cent, followed
| by banks and building and loan
associations with 20 per cent each.
Real Estate Bonds Climb.
Real estate bond prices enjoyed
their second best month of the year
| in November, 200 leading Eastern
issues advancing 3.5 per cent, the
| Amott-Baker review reported yes
terday This was the 44th consecu-
tive monthly gain In IL months
these issues have moved up 236 per
cent. Hotel bonds led the advances.
During November. State and mu-
nicipal bond approvals totaled
$214,777,735 against s235, 5,814 ,701 in
November, 1914, the Daily Bond
Buyer announced. Bonds were ap-
proved by voters of 245 communities
in "a States.
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