Evening star., 1945-04-08

ldentS. include Christopher II. Pope
Munsey: Wilmer j. Waller, Hamil-
ton; Robert V. Fleming, Riggs: Lam
Ter P. McLachlen, McLachlen Bank;
John A. Reilly, Second National;
Thomas j. Groom, Commerce &,
Savings. Ord Preston, Union Trust
Charles H. Doing, Washington Loan
& Trust; T. Stanley Holland, Amer
lean Security.
Peoples Drug Sales Mount.
Again turning upward after the
small February decline. net sales of
Peoples Drug Stores, Inc, in March
totalcd 50 980469 OF. as compared
with 50 sol O4O41 in March 1914. an
increase of $40 ,42766, or 2.7 per cent,
w. II. Churchill, treasurer, an
nOunced Yesterday.
Peoples Drug had favorable first
quarter. sales in the three months
amounting to $8,378 90737 against
S8,220 ,29962 in the like 1914 period
an increase of $l58,60775, or l.9 per
cent.
During March the company op-
Grated l30 stores compared with l3l
in March 1914. The March volume
was the highest of any month this
year.
W. X. & f. Stock to Be Held.
The financial district was deeply
interested in the report that the
North American Co. contemplateS
the sale of certain assets to raise
S25000000 for use in reducing out
standing per cent bonds and 50,
per cent preferred stock, Washing
ton Railway & Electric being men
toned among the holdings that
could be sold.
From most reliable source it was
learned yesterday that the North
american Co is not planning to sell
2ny Washington Railway & Electric
Co, holdings at this time.
The last sale in Railway & Elec-
tic common on the Washington
Exchange was made at $500 share
It pays S36 year, to yield 545 per
cent.
Capital Store Sales Advance.
IN the final week before Easter
ending March 81. department store
sales in the Capital continued their
advance over the like period a year
ago, with a gain of 10 per cent
The 5th district rise was 3 per cent
Sales in Washington also were | per
cent above the previous week this
year. the Richmond Reserve Bank
reported Yesterday.
During the four weeks ended
March 81. cumulative store sales
here ran 2l per cent ahead of the
same period last year rejecting the
heaviest Easter trade on record.
This was slightly above the 5th dis
trict average upturn Of 20 per cent
and 10 per cent rise in Baltimore.
the survey showed.
Ninc-Year Record Broken.
Breaking a nine-year record in
the dollar volume of home lending.
the Country'S building and loan as
sociationS loaned more than $780,
100000 In January. the United States
Savings and Loan League reported
yesterday.
Usually such high totals are
reached only in the summer and
fail. The total of Sl02, 2,30l 600 in
mortgage loans, a gain of % per
cent over the same month in 1914
was partly due to an increase in
loans under the CT loan plan for
veterans, President w. M. Brock
stated.
Many associations made their first
CT loans during January, the report
aid. Home purchase. recondition-
.1g and refinancing loans all had a
art in the increased volume.
February Loans, 1898. .697 900.
The Federal Home Loan Bank
administration reported yesterday
lat recordings of urban mortgages
oroughOut the Nation in February
tailed 1899 900 900, an increase of
or cent over February, 1914. put off
Der cent from January.
Building and loan aSSOCia tionS
aned S11l.176000, or 80 per cent of
'c total: insurance companies. SIS
$4,000. or per cent; banks and
rust companies. S63 ,933 900, or 10
or cent; mutual banks, S1O,343 900.
+ 3 per cent; other loans, S43 963,-
no. or 13 per cent Individuals
~aned $93 ,246 900, a striking ratio of
per cent.
Financial District Comment.
The recently declared LanStOn
onotype dividend will be paid May
to stockholders of record March
).
If United Cigar -Whelan Stores
tockholders vote on May Is to issue
100000 shares of new common
Jock, application will be made at
nee to list the new common and
1e prior preferred on the New York
Hchange.
The Federal National Mortgage
sSociation, RFC subsidiary, is Of
9ring its FILA insured mortgages
otaling S48,0O0,0O0, to the mort
ages now servicing the mortgages
Or the association.
Washington building and loan as
"ociations are pushing plans for full
anticipation in the Seventh War
Loan drive.
New York Cotfon