Evening star., 1949-11-06

on, section chairman, announced
yesterday.
Raymond c. Williams. presi-
dent Of the Northeastern Build
ing Association, and Fred A.
Smith, president of Jefferson
Federal Savings & Loan. will be
official delegates Of the District
Building Loan League at the
convention of the United States
Savings & Loan League in Chi
cago, November 1922.
w. H. Dyer, secretary OF Per-
petual, and Carl c. Smuck, sec
retary of Anacostia Federal. were
named alternates. A large WASH
ington delegation will stop at the
Palmer House.
Peoples Drug Sales Drop.
October sales of Peoples Drug
Stores, Inc, totaled $4,020,423 in
comparison with $4,267,575 in
October. 1948. a decrease Of $247.-
l52. or So per cent. w. II.
Churchill. treasurer, reported.
Sales in the first 10 months
of the year, however. totaled
$38, 8,002 ,592 compared with $37,-
766,318 in the like 1948 period,
an increase of 1896 273 or 6 per
cent, the report stated. In Octo-
ber the company operated 142
stores compared with 140 a year
ago. II
Other Store Sales Down.
washington department stores
sales for the week ended October
20 showed drop of 3 per cent
against an 8 per cent decline in
the fifth district from the CORE.
spending week a year ago. Sales
were Z per cent behind the pre-
ceding week this year. the Rich.
mond Reserve Bank reported. ,
In the four weeks ending on
October 20, dollar volume of sales
In capital stores was of 5 per
cent from last year.
The Richmond bank said in.
ventories in Washington stores
on September 80 were 8 per cent
below last year while orders for
goods were also down 3 per cent,
Development Well Started.
Ross & Walton. architects, Of
Hyattsville. announced yesterday
that the big university city de-
velopment. on q cite to cover 81
acres. Is well under way and
should be completed by next fall.
The construction Is located at
the junction of University lane
and Riggs road, two major high
ways.
According to John Walton. firm
member. Riggs road Is to be
widened to 120 feet. Plans for
the shopping center cali for park.
ing space for $500 cars, with GOV.
cred walks leading to the stores.
Six stores, a bank and gas station
are included In the plan.
The American Security & Trust
Co. won high merit award for its
l948 annual report in a contest
conducted by the Financial World.
placing third in the trust com.
panies division. The survey cov-
ered4 900 reports.
Hecht Executive to Speak.
William M. Loman, executive
assistant to the general manaeer
OF the Hecht Co., will address
American University's student
chapter of the Society for the Ad-
vancement of Management Tues
day on Theory VS.. Practice and
How. 1t Applies to Retail Mer-
chandising."
Capital Airlines obsert66 on
Friday the first anniversafv of
Capitals pioneering development
OF the aricoach on the New York
Chicago line. which has proved so
popular In the last IL months.
In the opinion of Robert. Dec,
managing director Of the National
Automobile Dealers Association,
there may be delays in delivery of
new cars before the holidays. He
advises prospective buyers to act
at once.
The Washington : Baltimore
Agency, Provident Mutual j Life,
led all the Offices in the United
States in new business in October.