The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1938-03-24
Local u. S.
Savings Bonds
Sales $85,800
Sank Centre Postoffice Ranks
Seventh In State For
Years Sales
81 GREATER THAN SO
u. S. Total Purchased BY l.
100000 Investors Says
Report

Sank Centre was in seventh
place among second class postoffic-
es in the state in the amount CT
United States Savings Bonds sold
from September 1, 1885 to August
81, 1887, the amount being $85, 800.
The above statement was secured
from the local postoffice in con-
nection with the announcemnt by
secretary Of the Treasury Morgen-
thau that the total maturity value
Of United States Savings Bonds
sold through the close Of business
March z, 1888, amounted to $1,5s4,-
62,S75.
This total was purchased by more
than 100000 investors, and repre-
sents an average sale for each day
since March i 1885, when these
bonds were first sold, Of $1,720, 1915.
A record for one days sale of
Savings Bonds was set on Monday,
January 10, Of this year, when
$10,0o9,775, maturity value, Of these
bonds were reported sold on this
single day. Sales by pest offices
throughout the country on that day
represented $9,025, $50. maturity val
ue Of bonds, and direct-by-mail or
ders were received in Washington
for Savings Bonds Of a maturity
value of $1,OO4, 425.
The sale Of Savings Bonds for
the calendar year 1857 was A.2 per-
cent greater than for 1886, and the
year 1895 exceeded the ten-mcnths'
sale Of these bonds in 1885 by 1913
percent.
The total maturity value sale for
the calendar year 1887 amounted to
$635, 49, 76, with approximately
coo, 900 purchasers, and an average
sale for each business day Of 81
09O, 400 -
at each OF the post offices through
out the country authorized to sell
Savings Bonds was begun on Sept
ember I, 1885, and for the year end
ing August 81, 1857, showed that
there was q maturity value sale Of
$3.50, 748, 500, or an average sale Of
s., 1O1 500 for each business day for
the first year these records were
kept. t.
Approximately 10000 post offices
throughout the country are author
lied to sell United States Savings
Bonds.
The Government to date actually
retains more than 90 percent Of all
OF the money that has been invest
ed in Savings Bonds, less than 8
per cent of the bonds sold having
been redeemed.
The majority Of the registered
owners are small investors who are
buying the bonds out Of income.
Purchases by individuals represent
approximately IS per cent of the
amount of bonds sold. OF the re-
manning Is per cent, 8 percent was
purchased by banks and trust COM
panies, 3 per cent by corporations,
and approximately 8 per cent by
associations.
The 500 bond unit Is the most
popular denomination and has &C
counted for 1898 per cent Of the
number of the bonds sold. The $25
unit ranks next with 23.71 per cent
Of sales. The $50 unit is next with
a sale Of 1S.49 per cent. The 81 900
unit follows with 1919 percent,
while the $500 unit accounts fer 9.23
percent. s-.
AS to population groups, cities OF
100000 and over account for 1852
per cent of the sale, cities of $4,000
to 100000, 1892 percent, 10000 to
$4,000 population, 1920 percent, s.
600 to 10000, 1853 percent, and the
remaining 23.58 per cent going to
the villages and rural America.