Evening star., 1945-08-12
SUMMARY OF THE NEW YORK STOCK EXCHANGEpe
Peoples Drug Sales
up Slightly in July
And I Months
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Net sales Of Peoples Drug Stores,
Inc, in July and the first seven
months of this year showed mod
crate Improvement over the like
1914 periods, w. H. Churchill, treas
urer, announced yesterday.
July sales totaled $2,906 ,508.94 in
comparison with $2,84I ,942.70 in
July a year ago, an increase of S64,-
566.24 or % per cent, while sales in
the longer period amounted to s19,-
636 ,243.64 against $19,381, 1887 in
the same months in 1914, an ~
crease of 1854 SPLIT or 1.3 per cent.
During July of this year the COM
pany operated 130 stores as COM
pared whit 131 in July, 1914. AS
reported few days ago, Peoples
Drug earned S125 share on COM
mon in the first half year against
$1.16 a year ago.
Electricity Sales Increase.
Sales of electricity in the District
of Columbia in July by the Potomac
Electric Power Co. reached 131 868,-
615 kllowatt hours, an increase Of
3,757 800 XVIII. or 2.93 per cent, com.
pany officials reported yesterday.
Railroads and railways did not
use quite as much power as last
year, sales being off 755, ,768 XVIII. or
6.96 per cent. There was also a
drop of LIT per cent in sales for
public street and highway light
ing.
Other sales, however, which are
by far the biggest factor in the
total, amounted to 119,969,9 ,94l XVIII,
an increase of 4,545,365 XVIII. or 3.94
per cent over last year.
Capital Store Sales Soar.
The Richmond Reserve Bank re-
ported Yesterday that department
store sales in Washington for the.
week ended Saturday, August 4,
scared Is per cent above the same
month last year. gained 27 per cent
IN the fifth district, 80 in Balti-
more and is in group of other
cities.
Store sales in the Capital were 4
per cent ahead of the previous week
this year and per cent in the
fifth district, up the same amount
IN Baltimore and II per cent in the
group of other cities.
In the four weeks ending August
4, Washington stores registered a
23 per cent advance over the COR
responding 1914 period, while the
fifth district scored an upturn of
~ per cent. The trade survey was
one of the most favorable in MANY
weeks.
Bank Stock Up Points.
Sales of American Security &
Trust Co. stock, totaling 100 shares.
were recorded on the Washington
Stock Exchange Friday, at 265, a
Jump of eight full points since the
last previous transfer at 257. The
high 1945 is 268.
During the week Washington Gas.
Potomac Power issues, GarfinckeI
preferred, Hecht common, Peoples
Drug and CAPITAL Transit were in
good demand at strong prices.
Union Trust stock moved at 140.
close to the years high.
Several sales in Capital Transit
As took place at 106, off u from
the high of the year. The bid for
Lanston Monotype has climbed up 20
30, with no stock offered for sale
at that figure. The stock is soon
to be split five shares for one. the
latest bid indicating that the new
stock will be around 20.
Hamilton Bank Stock Strong.
The bid for Hamilton National
Bank stock has jumped from s56 SO
a share to $50 in the over-the-coun-
ter market since announcement of
the plan OF the directors to distrib-
ute Is per cent stock dividend ART
offer $4,000 more shares to present
owners at $50 a share.
After payment of the stock divi-
dend, price for the new stock
around $40 share has been antici-
pated by officials. With the bid at
$50, 1t now seems probable that the
price may be around S45 share.
stockholders have already dis
played deep interest in obtaining the
new stock, applications being very
heavy.
Banks Adopt New Loan Plan.
Ohclals said yesterday that sew
eral banks and trust companies are
arranging business loans for vet
Grams which are to be separate from
the CT Act provisions.
AS the CT provisions guarantee
loans of only $4,000, there are manv
instances where the veteran needs
a good deal more money. MANY of
these loans are being put through
normal channels, officials said
Inc banks here believe they are
adopting much the same course on
loans to veterans as was announced
by the Chase National Bank in New
York during the week.
Currency Imports Allowed.
Foreign currency in denomina-
tlons of $50 or less may now be free
ly imported, the Treasury has an
nounced. Secretary Vinson said the
defeat of Germany has made it nos
slble to eliminate import controls
on small bills.
Announcing the results of a Ma
tlon-W1de survey, a radio manufac-
turing firm asserts that District OF
Columbia retail dealers will sell an
$4,000 radios and radio
combinations, with a
value of S3,390,000, during the first
year OF unrestricted civilian pro-
duction after the war.
Chapter Committees Named
RAYMOND Williams, president Of
washington Chapter. American
and Loan Institute. yester-
day appointed William E. Poultan
OF the Columbia Federal Savings g.
Loan Association chairman of the
educational Committee, with Her
man Schwertner vice chairman.
Other members include Anne Fague
n. D. Howard, w. Preston Hint
william Poulten and Frank Morri.
son. AT the same time Mr. Will
Hams announced four other new
committees:
Membership-W. Frank Morrison. cba,,-
nan; Dom B. Thomas. W. r.. K npsrG
SsruarI rn thompson, Augusta Walter, Worth
arnold and James Harrell 'oi'n
Publicity-Anne Fague heirman. Will
IAN PouIten and Frank Morrison.
~. rrogram-Donn Thomas, Chairman.
,unart ,,,aa Thompson and William Biumen.
10 Finance and Budget-wnliam H Rim.
coward, D. B. Thomas and Rithmond
Chicago Grain
! CHICAGO, Aug. II Determination