Evening star., 1938-03-03
POSTAL RECEIPTS
OFF IN FEBRUARY
Revenues at City Office Are
5.94 Per Cent Under Same
Month a Year Ago.
By EDWARD c. STONE.

S547,27717 in the second month of
this year. in comparison with $751;
s99 in February, 1887, or decrease
of 5.94 per cent, the report disclosed.
Revenues at the City Post Office for
year are also under the total for the
corresponding two months last year,
$l,l29446 comparing with S1,l5o,402
in January and February. 1857.
Postal receipts include revenues
from the sale of all regular stamps,
airmail, special delivery, registered
mail. parcel post. money orders-ln
fact, the returns from handling all
first and second class mail matter.
March is expected to show pick
up in receipts, although the lateness
of Easter this year may prevent any
marked change in the figures,
Banks Push Housing Loans.
Evidence in the banking district
again today indicated growing in
terest in modernization loans now
being made under the amended Fed
eral Housing Act of 1898, The num-
Der of applications is mounting stead
lily, it was reported.
Washington banks which are en-
deavorlng to create more Jobs in
the trades, lift the demand for build
ing materials and put more money
in circulation through a lively de-
mand for renovizing loans include
the American Security &, Trust Co.,
Anacostia Bank Bank of Commerce
g. Savings. Columbia National, Ham,
ilton National. Liberty Natiora!, Lin
coin National McLa chlen Banking
Corp. Morris Plan, Munsey Trust,
National Bank of Washington, Ma
tional Capital, National Metropolitan,
National Savings & Trust. Riggs Ma
tional, Second National, Security
Savings & Commercial. Union Trust
and Washington Loan e. Trust.
Newspaper advertising material in
the new cooperative housing loan
drive was prepared by the Advertis-
ing Committee of the District Bank
ers' Association. composed Of T..
Stanley Holland, chairman; Robert
L. Flather vice chairman; Hllleary
C, Hosklnson. Eliot H Thomson and
E. Percival Wilson, Mr.. Thomson
and Mr.. Flather are former chairmen
of the same committee.
d. c. Express Shipments Mount.
The Washington office of the Rail-
way Express Agency today reported
substantial improvement in business
in the Capital in February over the
like month last year. an increase of
1924 shipments being registered. This
was gain of "A per cent over Feb
rusry, 1887.
The report covers both large and
small shipments of every description
and in this connection it is interesting
to note that the great number OF
students in the Capital play an i'm
portant part in the express business
during those months when the COL
leees and universities are in session.
Many of these students express laun-
dry home collect" and receive it
back prepaid by loyal parents.
Of1cials here called attention today
to the fact that tomorrow will mark
the 99th anniversary of the founding
of express service in this country. 1t
was established on March 4. 1889 by
William F. Harden, railroad con-
ductor, of Boston, known as the car
petbag expressman.' Henry Wells
and Alvin Adams were the next lead
ing figures in the early development
period.
Reports Business Upswins.
George L. Naramore. manager of
the Washington Office of the Fidelity
Investment Association, said today
that business was Is per cent better
in February this year than in, the
like period a year ago. He declares
there is no let-up in business here
of any real proportions. All one has
to do to meet present conditions, he
adds, is to see few more people and
perhaps work longer hours.
He reported that sales for the coun-
try in 1887 increased So per cent
over the previous year, while sales
for January this year were IS per
cent better than in January, 1887.
Investment holdings and total re-
sources made marked gains in 1887,
according to word received from Presi-
dent Carmi A. Thompson.
Hackett Heads Contractors.
Horatio B. Hackett, former assistant
administrator of Public Works, has
been elected president OF the Thomp-
son-Starrett Co, general contractors,
New York, it was announced here to-
day.
For three and one-half years Col,
Hackett was Administrator Ickes'
right-hand man in Washington. For
merly director of housing under Mr..
1ckes, he laid the foundation for the
Governments first loW-rent housing
program costing approximately $780,
100000. AS assistant P. w. A. admin
istrator he supervised construction of
expenditure of s1,500,000,000.
Col. Hackett said in New York yes
terday he believed there Is a great
opportunity for the construction in
dustry to cooperate with the Gov
eminent in bringing about economic
recovery.
Savings Conference Opens.
Ihe annual spring savings confer
ence of the American Bankers Asso-
citation opened two-day session in
New York today, heavy registration
being reported. Henry S. Sherman,
head of the A. B. A. savings division,
is presiding. Todays topics included
Savings in a New Era" Expanding
Mortgage Holdings Profitably." Re
quirements of Mortgage Market"
and Investment Policies" George o.
Vass of the Riggs National Bank
will appear on the program tomorrow
afternoon.
Voters of "A municipalities located
In Is States during the month of
February approved municipal bond
issues aggregating s4,900,600. as COM
pared with $3,603,77l bonds approved
during January, according to the Daily
Bond Buyer.
Transit Stock Stronger.
Capital Transit stock opened trad
-.