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Show PENNEY STORES GO OVER TOP IN WAR BOND DRIVE Secretary of the Treasury Henry J. Morgenthau has "iust telegraphed the J. C. Penney company congratulations on the magnificent job "of bond selling which the company's 1610 stores turned in during the month of July. Last July, the Penney company com-pany sold 8 12 million dollars in war stamps and bonds to set a high record for the chain and department store business. This year, in an attempt to surpass the 1942 figures, a quota of ten million mil-lion dollars was set. The complete com-plete report for July, which was forwarded to the secretary of the treasury last week, announced the amazing total of $42,335,16.-85, $42,335,16.-85, or four times the quota set for the campaign, and very nearly near-ly five times the figure of the preceding year. In this one month, Penney stores sold 25 per cent more in bonds and stamps than in merchandise. In terms of war equipment, this means 500 fighter fight-er planes, 200 light tanks, 5 destroyers, de-stroyers, and 5 submarines. News of this July achievement, together with the secretary's telegram of congratulations,were released at a time when the Penney Pen-ney company was engaged in an all-out endeavor to go over the top again this September in the Third War Loan drive. While the company average of bond sales for July amounted to 125 per cent of its merchandise sales, individual stores and individual in-dividual states turned in far greater percentages. |