Evening star., 1937-07-09
POSTAL RECEIPTS
IN CAPITAL SOAR
Total for Fiscal Year Hits
$7,388,672 Compared to
Previous $7,101,58O.
BY EDWARD c. STONE.

BY EDWARD L. SlONE.
Total postal revenues at the City
Post Office in the fiscal year 1867
amounted to S7,388,672 in comparison
with total receipts in the comparative
1856 period of s7l01, $50, making
A substantial gain during the II
months OF s2S7,Oe2, a survey COM
pleted today reveals.
This is the highest yearly total
reached since before the Wall Street
crash in 1929. 1t is much better than
the 1934-5 figure of ~6,308,074 and
the 1884 total of S5,63l ,243. The
individual monthly totals during the
year disclose almost uninterrupted
advances in postal earnings, at the
same time indicat ting steady improve
ment in business conditions in the
Capital.
1t was learned at the City Post
Office today that postal receipts in
June alone amounted to 1854, ,646.03.
This compares with $583,522 in June,
1885, a slight drop of S18,876.
The fact that the soldiers oonus
went into effect on June Is, 1886, is
given as the chief reason why this
years figures were not quite up to
the business transacted year ago.
Just before and when the bonus
checks were distributed there was a
general buying wave in Washington
which gave business in the City Post
Office a substantial boost.
Normal conditions prevailing in
June, this year were not quite SUI
ficient to offset the abnormal situa-
ton here a year ago. The gains IN
other months, however, put the yearly
total well ahead of the previous IL
months. While most of the leading
business barometers are figured &C
cording to the calendar year, postal
receipts are always reported for the
Governments fiscal year ending on
June 30.
Groom Host to d. c. Bankers.
The newly appointed committee
chairmen and the members of the
Council of Administration of the Dis
trict Bankers Association were special
guests of President Thomas J. Groom
at the Columbia Country Club last
evening at dinner. During the eve
ming plans for the associations actlvi-
ties during the coming year were out
lined and discussed
Additional committee chairmen were
also announced at the meetlng-T.
Stanley Holland. American Security
e. Trust Co.. advertising; A Scott
Ofutt, City Bank, auditing; Wilmer
j. Waller, Hamilton National Bank,
personnel; Charles H. Doing, Wash
lngton Loan & Trust Co.. public re-
Iations; George M. Fisher, Washing
ton Loan e. Trust Co., standardized
banking firms: Frederick H. Cox, City
Bank, accountants, and Willard G.
Barker. president of the Morris Plan
Bank, publicity
Members of the council present in
cluded Hilleary G.. Hoskinson, Ord
Preston, A. M McLachlen. Albert S.
Galley, Charles H. Doing. George o.
Vass, Frederick P. H. Siddons, W. j..
Waller, F. G. Addison, jr, and A,
Scott Offutt. The committee chair
men included Messrs. Holland, Ofutt,
.Hoskinson, William B. Willard, S,
William Miller, W. T. Vandoren, John
A. Reilly. Mr.. Addison, Mr.. Waller,
Robert H Lacey, Mr.. Doing, Mr..
Barker, Mr.. Fisher, Mr. Cox, L. P.
McLachlen and Sidney F. Taliaferro.
Marked enthusiasm was shown over
President Groom's many special plans
for the coming year.
Railroads Spend s552,38l 900.
While railway wage problems, legis-
lative difficulties, industrial strikes and
delays in obtaining deliveries OF or
ders have cut down the lead of rail-
way buying over the previous year S
figures. aggregate purchases of equip
ment during the first five months of
this year were still ahead of the cor
responding totals for any year since
1929, and total purchases from manu-
facturers were SIS per cent larger than
the corresponding totals last year
according to figures just compiled by
Railway Age.
Railway purchases in the first five
months of this year says Railway
Age. ARE estimated to have totaled
S552 1881 900, as compared with S379,-
$4,000 in the same months of last
year This figure for the first five
months of 1887 includes s3O7,5l9,O00
for materials purchased from manu-
facturers, Sill 100000 for cars and
locomotives ordered from builders, and
$l33432, 900 for fuel.
DooHu Dorl V.eun- o,un~
A decline of 4.6 per cent in the
average price of $50 real estate bond
issues for the first six months of 1897
is reported by the Real Estate Bond
Index maintained by Eli T. Watson
Il Co.
The index includes $50 realty issues
secured by properties located in
cities and IA States of the Eastern
part of the United States
The Index points out that the aver
age bid price for the $50 issues de-
cllned from AIT on January 2, 1887
to 45.5 on July /, 1887. a decrease OF
"a points and a percentage decrease
OF 46 per cent.
For the six months period all types
Of properties showed declines. the
largest being 79 per cent decline
for apartment hotel issues and the
lowest a Z per cent decline for theater
issues.
Heard in Financial District.
Voters of 148 municipalities located
In 81 States. during June approved
municipal bond issues aggregatine
$l0,837,843, as compared with $9,331,.
$40 bonds approved during May, &C
cording to the Daily Bond Buyer. Tht
total for June. 1886, was S6,248,39O
compared with s4,558,o00 in June
1885.
Gross operating revenues of tn,
class railroads in the Southern dis
trict for first five months in 193'
amounted to s227,316,376, an increas
of 1873 per cent compared with tn,
same period In 1896. but a decreas