Evening star., 1952-06-06

dS ScCICIdTy. IL
has two units, the Royal Loan
Co. Of Silver Spring and the Royal
Finance Co. of Mount Rainier, Md
Store Sales Even With 1851.
Washington department store
sales in the week ended May 81
were even with the like 1851 week
but 5 per cent below the previous
week. the Federal Reserve Bank
Of Richmond reported today.
Sales in four weeks ended May
81 were / per cent behind a year
earlier.
Sales for the entire Fifth Re-
serve District in the latest week
were 3 per cent above a year ago
and for the four weeks were up
2 per cent.
May Building Permits Dip.
Building permits here in May
were valued at $3,514,375, COM
pared with $5,531,434 in the pre-
viouS month and $6,632,574 in
May, 1851, the building inspection
Office disclosed.
Permits in five months this year
amounted to $16.767,912, COM
pared with $23,548,049 a year
earlier.
April permits reached the high
est point for the year to date.
25 Years With Peoples Drug.
If you have owned Peoples Drug
Stores common for the last Is
years, you have been lucky, the
Exchange, magazine of the New
York Stock Exchange pointed out
today.
In a study of the effects of
stock splitupS in selected firms,
the magazine reports the price of
Peoples Drug common was $30.5O
Q share on May 16, 1927.
Since that time, the stock has
been split three times. Each
share has become A shares with
a market value of $144.65 on
May Is, 1852. From $30.50 to
$144.65 represents a capital gain
of $114.15.
Bank Loans Edge Forward.
Outstanding loans Of IA reserve
member banks edged forward to
a new all-time peak Of 1925. 1885,
900 on May %, a gain of $2,139,-
600 from the previous high of
1923 ,627, 900 a week earlier, the
Federal Reserve Bank of Rich
mond disclosed. They were S.
255,000 above q year ago.
Commercial loans of $140,218,-
900 were up $1,145, 900 in the week
but remained $2,181 900 below the
like 1851 date. Real estate loans
Of $102.453.000 were $478, 900
higher for the week and 81, ,279, 900
above a year earlier. Other loans,
mostly consumer loans, totaled
$78,128, 900, down $127 900 for the
week. but $4.464,000 above a year
earlier.
Demand deposits of 1882 $685. :
900 recovered $14,712,000 in the
week after dropping $19,448, 900
In the previous week. They were
$44,060.000 above year earlier.
Oriental Re-elects Bauman.
Chaplin B. Bauman was re-elect-
ed president Of the Oriental Build
ing Association at the annual
stockholders meeting yesterday.
Mr.. Bauman, native of Wash
ington, has been with the associa-
tion since 1917. He became presi-
dent in 1888, succeeding his father,
Charles H. Bauman.
Other officers reappointed were
Ralph A. Xander, secretary; John
George Kolb, treasurer; Ernest r.
Garner. assistant secretary and
assistant treasurer. Organized in
1865, Oriental is the oldest insti-
tuition of it's kind in Washington.
Heads Baltimore Admen.
Marx S. kaufman, son of the
late DR.. Harry M. kaufman Of
Washington. has been elected
president Of the Baltimore Ad-
vertising Club.
Maurice ID. Rosenberg, Jr., OF
the Washington agency of the
Guardian Life Insurance Co., is
the company's national leader in
production. First in 1851, he has
remained at the top so far this
year. Guardians insurance in
force recently passed the billion
mark and has doubled in the last
II years.
Freeman N. Stricklin, ST., of the
Paul D. Sleeper Agency Of the
Aetna Life Insurance Co., was the
first company representative in
the Nation to qualify for the 1858
convention. He qualified on the
first day Of the new club year.