Evening star., 1950-05-05
Peoples Drug Sales
S3,SO8,434 in April,
2.2% Drop From '49
kv Edwoyd c. Stone

BY Edword c. Stone
Net sales Of Peoples Drug Stores,
Inc. in April totaled $3,808, ,434
in comparison with $3.s94.154 in
April Of last year, a decrease OF
$85,720 or % per cent, w. H.
Churchill. treasurer, announced
today.
Sales in the first four months
OF this year amounted to $14.S18,-
4l2 against $15,067, ,1s8 in the like
1949 period, a decrease Of $24S,-
776, or IL per cent, the report
disclosed.
During April the company op-
Grated 142 stores compared with
140 in April, 1949.
Alex. Brown Booklet Out. =
The oath edition Of Facts and
Figures on Washington Securi-
ties, published by Alexander
Brown & Sons. has appeared in
the financial district. The booklet
is bigger than ever, containing
the most important facts about
100 companies, including the 81
banks which have stock listed on
the Washington Exchange.
The officers and directors Of
these banks are included in the
booklet. Complete summaries Of
earnings of the public utilities, de-
partment stores and other cor
porations are given. Many Arms
show higher earnings and business
volume increases. The yearly re-
suits were compiled by Myles H.
Quail. veteran with the company
and member Of the Washington
Stock Exchange.
Construction At New Peak.
The Northern Trust Co., Chi
cago, states that sharp expansion
in public construction expenditures
has pushed total construction to
new high levels since 1948, while
private building has tended to de-
cline.
Last year, the report says, pub
lie construction accounted for n
per cent of total new construction.
Estimates indicate public con-
Struction will comprise over 80 per
cent Of total new building in 1850,
compared with 20 per cent in the
1920s and a in the 193os when
public expenditures were relatively
heaviest.
Real Estate Bonds Firm.
Real estate securities changed
very little in April, Amott Baker
d Co. reports. Price averages
gained slightly for the 10th con-
secutive month. At the end of
April the average price of a $1,000
bond stood at $500 compared with
$787 at the beginning of the year.
The Bankers Duckpin League
will have their annual banquet
Saturday night at Haeringer's
Restaurant on Fourteenth street,
according to James A. Bruen,
league president and dinner chair
man. Ralph Mittendorf, Ameri-
can Security & Trust Co., will
present a magician act.
The management consulting
f1rm Of Booz. Allen 81 Hamilton
has taken new quarters in the
American Security Building.
Seaboard Earnings Rise.
Net income Of the Seaboard
Finance Co., for the six months
ending March 81 totaled 81 1,O77,-
SSl, equal to a 81 a share on the
common stock. In the first half of
the l949 fiscal year, net income
totaled $l,064,902, or $1.05 per
share. The company has many
Washington shareholders.
The Capital Group, Association
OF Bank Women, will hold its an
nual spring dinner on Saturday
evening. May 20, at the Mayfiower
Hotel. Miss Eleanor L. Dankmeyer,
chairman. announced today.
There are odds Of several billion
to one against Monsanto Chemical
Co.'S having the same number of
stockholders and employes-but In
the company's 1949 annual report
the totals are identical. The re-
port shows Monsanto had 1887
employees and 1887 stockholders.
John Sloane Griswold, vice
president of w. 6E J. Sloane, gave
a talk on furniture construction
for the benefit of patrons, at the
Washington store on Connecticut
avenue yesterday.
Chamber Urges Economy.
The new Board of Directors of
the United States Chamber of
Commerce has adopted resolutions
demanding a reduction of Federal
expenditures and Federal, taxes.
declaring "the intolerable burden
OF taxes is dangerous both to pri-
vate enterprise and to our system
OF government"
John c. Leslie, vice president of
Pan American World Airways. has
been elected a director.
DR.. L. A. Livingston of the Du
Pont de NemourS Co. will lecture
on new developments in chemistry
at the Commerce Department next
Tuesday evening. for the Ameri-
can Institute of Mining.
State and municipal financing
in April totaled $l72,712, ,0s2, COM
pared with $19S,76 $40 in April,
1s49. the Daily Bond Buyer re-
ports.