Evening star., 1950-04-06
Peoples Drug Sales
For March Boosted
3.5Pct. Above 1949
By Edword c. Stone

BY Edword c. Stone
Total sales of Peoples Drug
Stores, Inc, in March amounted
to $3,939,329 as compared with
S3,804,610 in March a year ago
an increase Of $134,718 or 3.5 per-
cent, w. H. Churchill, treasurer
announced today.
Sales in the first quarter, how
ever, were not quite up to last
year, the report revealed. In the
three months, sales totaled SILL
016,880 against $11,179,255 in the
like 1949 period. a decrease OF
$l62,375, or is percent.
During March the company
operated l42 stores compared with
l40 in March, 1949.
Exchange Closes Tomorrow.
The Washington Stock Ex-
change. following the example OF
the New York Stock Exchange
will be closed tomorrow. Wash
ington banks and building and
loan associations will be open as
usual as Good Friday is not a le-
gal holiday in the District.
The Washington Stock Ex-
change will be open Saturday for
the regular limited trading in the
forenoon. New York also will be
open. So far this month, trading
on the Washington board has
been most satisfactory. Firemen's
Insurance recorded its first 1850
sale yesterday, at 33.
First Quarter Prices Gain.
Hecht common led all other is
sues on the Washington Stock
Exchange in price gains in the
first quarter, a survey reveals.
The stock opened the year at Is y
and moved up to 321s.
Capital Transit, which had been
in the quiet zone for a long time,
got a new lease Of life and moved
from 24H to 20, and at one time
was up to 80. Mergenthaler Limo
type, which opened the year at
521a. added 4 full points during
the three months.
Garfnckel common, which
started the year at II, moved up
Ia points; Hecht preferred ad-
vanced from 92H to 81; Washing
ton Gas common started 1850 at
Is and ended the three months at
261s. Lanston. Peoples Drug,
Woodward g. Lothrop common and
American Security g. Trust hardly
changed.
Riggs National, at 37O, was up
10 points on a very small sale.
Virginia Electric gained almost 2
points and Security Storage eased
from 1913 to 120.
Muir Heads City Bankers.
Earl r. Muir. president of the
Louisville KyD Trust Co., was
elected president Of the Associa-
ton Of Reserve City Bankers. at
the closing convention session at
Boca Ration, Fla. He succeeds
w. A. Mcconnell of st. Louis in
the group which has 1873 bank
presidents In its membership of
400. Victor s. Rotering. Mime
apolis. was named vice president.
Commercial loans In Washing
ton banks gained about $4,000, 900
in the week ending March 20. the
Richmond Reserve Bank reported
Real estate loans were unchanged.
Demand deposits were under the
preceding week. but time deposits
showed a small gain. Assets were
down slightly.
TWA Starts New Service.
Trans World Airline announced
today it would introduce 300-mile-
an-hour Consultations in coast
forecast service on April 80. Planes
from New York will stop in Chi
cago to pick up Washington pas
sengers, going to and from the
West Coast.
First prize in Nationwide con-
test for best selling ideas for mems
outercoats was won this week by
Goldie Sigmund of the Young
Mems Shop. Retail clothing sales
men throughout the country en-
tered the competition staged by
the Barron- Co. of, Bos-
ton. Mr.. Sigmund has been iden-
tilted with the retailing of mems
wear in this city for 40 years.
The volume of intercity tonnage
transported by class one intercity
motor carriers in 1941 climbed
a. per cent above the volume
hauled in the preceding year. to
establish an all-time record, ac-
cording to statistics compiled by
the American Trucking Associa-
tions, Inc. headquarters here.
Heard in Financial District.
Potomac Electric Power COM
mon stock is so widely held in
this area that a large attendance
at the company's annual meeting
on Saturday, April Is, is antlcl-
pated.
National Airlines is launching 9
summer travel promotion program
to Florida resorts, the usual ad-
vertising budget having beer
doubled.
Don Underwood, new Washing
ton representative of Bozell &
Jacobs, Inc. was recently elected
vice president of the advertising
and public relations concern. He
Is a former newspaperman.
State and municipal bonds ap-
proved in 20 States in March
totaled $39, ,590,320 VS.. $42,821 SOC
in March a year ago, the Daily
Bond Buyer reports.