Evening star., 1948-08-22

"a CS1OCIll Sec MI. Lacey.
ond National Bank; Bruce Baird.
president National Savings & Trust
Co: George E. Hamilton, jr., assis-
tant attorney Union Trust Co.:
Lanier P. McLachlen, president
McLachlen Benkine Corp: Daniel
w. Bell, president American Secur-
ity & Trust Co.; Warren r. Forster.
vice president Hamilton National
Bank; Richard A. Norris, executive
vice president Lincoln National
Bank; Lester A. Lawrence, trust
officer National Savings d Trust
Co.
Taxation Committee-Chairman
Clarence F. Burton, president City
Bank; vice chairman, John A.
Reilly, president Second National
Bank: Raymond G. Marx. con-
troller Riggs National Bank; VIII
lard G. McGraw. trust ofIicer Union
Trust Co.; Lanier P. McLachlen
president McLachlen Banking Corp.
Frederick P. H. Siddons. vice presi-
dent American Security g. Trust
Co.: Wilmer J. Waller, president
Hamilton National Bank.
Big Christmas Sales Forecast.
Getting a head start on the Shop
Early for Christmas" campaign,
Chain Store Age forecasts that the
Christmas business OF drug chain
stores will break all records, both, in
volume and dollar sales. on the basis
OF survey of national and regional
drug chains.
Dollar sales are expected to ex-
coed the sl08. .700, 900 total Tor De-
cember, ls47. and to push above the
record $lo9, 100000 rung up in De-
cember, lS46-despite the stress that
will be placed this year on medium
priced lines, the survey indicated.
This picture of the chain drug
drug store business for next Christ
mas was obtained from such ma
tional drug chains as Whelan, Rexall
and Walgreen. and such regional
chains as Peoples, Cunninghams
and Sun Ray.
G. B. Burrus, vice president, Peo-
pies Drug Stores, was quoted as be-
lleving emphasis will be on good
quality. medium priced lines this
year. Staple merchandise such as
electrical appliances, practical home
needs, medium-rriced dolls and
metal toys and staple toiletries
seem to offer the greatest promise
for Christmas volume. Our
merchandising efforts will be con-
centrated on practical, useful items
with less emphasis on luxury mer-
chandise."
Baby Food Division Opens.
The boom in baby food sales has
forced the creation Of q new sales
division for the Gerber Products
Co., it was announced from New
York. and headquarters will be
maintained in Washington In
charge OF Norman FinlAy. The new
division will comprise the Philadel-
phia, Baltimore, Warrington and
Pittsburgh districts.
The weekly report Of the Federal
Reserve Bank of Richmond showed
these figures for member Washing.
ton banks:
Total loans. s22S, ,337 900, the week
ended August IL, compared with
s22s.5s6,000 for the week ended
August 4.
Real estate loans, S77,272 900. Au-
gust II: $76,6l3ooo, August 4. Total
assets, 1851 TOO 900, August II; 1885,
10000. August 4. Demand deposits,
s7l4,7S3,0oo, August IL; s7o6, ,4O1 900,
August I. Time deposits, Sls2, ,297,-
600. August ii; s1s2,3s5, 900, Au-
gust (.
Here are some comparative Saw
inss Bonds figures which will prob
ably surprise you." says Morris M.
Townsend director of banking and
investments, Treasury Department.
Covering the seven months from
January through July, the net gain
OF sales over redemptions in Series
E, F and G in the l948 period was
1880, l0l 900 as compared with
81 ,604 $50, 900 for the first seven
months Of 1s47 and 1862, ITO 900 in
the ls46 period.
Series E Shows Gains.
The Treasury called attention to
the fact that $l,0l6,129,0 900 of that
lS4S gain over 1916 was in Series
e bonds, "the popular kind"
Cecil D. Kaufman, Kay Asso-
clates, Inc, Washington, chairman
of the board of the Jewelry Indus
try Council, has appointed a special
committee to work with the retail
division of the Bureau of Advertis-
Ing OF the American Newspaper
Publishers Association. It's job is