Evening star., 1939-05-03


the Capital.
In the first four months of 1889
postal receipts amounted to ST.
STA. .485, in comparison with ST.
1872 ,037 in the initial four months Of
1888, or an increase this year of
1924 This gain is the more i'm
pressive when it is considered how
many stamp sales are included in
the total. January sales were the
largest for that month in the history
of the Post Office.
Revenues for the first four months
of 1888 compare as follows with the
corresponding months in 1888:
1899. 1888
January ---S652,1 ,189 $582, 1859
February --- 1884 547,277
March - 68O,391 637 ,945
April - 664,231 624, ,646
Today's Trading on Exchange.
Liberty National Bank stock got
all the attention on the Washington
Stock Exchange today, as far as
sales were concerned. Thirteen
shares changed hands at ITS, against
a sale earlier in the week at 180.
The stock closed with ITS bid and
185 asked.
Capital Transit stock was quiet
today, with IA bid and IS asked and
no sales. Other issues were firm in
their quotations. May saw several
dividend payments on the local
board. The only stock now being
quoted ex dividend is Washington
Gas Light preferred.
Air Traffic Up 26 Per Cent.
United Air Lines completed total
OF 20,443726 revenue passenger miles
during the first three months of
1889 over its New Chicago
Pacific Coast route, to establish an
increase of 268 per cent over the
corresponding period of 1898, when
the company flew 16,159,259 revenue
passenger miles, according to re-
port received here today Harold
Crary, vice president in charge Of
traffic, attributed the increase to the
upswing in general business condi-
tions and substantially increased do
mestic winter vacation travel
Foreign Bankers Visit City.
G. L. Mouatt and B. E. Fleming,
officials of the Bank of New South
Wales, we're guests today Of the
Washington Loan G. Trust Co. dur
ing their return journey from the
conference at French Lick last
week of the Bankers Association
for Foreign Trade, at which the
leading banks of the country dis
cussed the present problems of for
eign exchange. They were intro
duced to many other bankers by
Norman E. Towson, who attended
the same convention at French Lick.
j. Haden Alldredge of Alabama
has been sworn in as a member OF
the Interstate Commerce Commis-
sion. Recently confirmed by the
Senate, he succeeds Frank R. Nc
Manamy. William E. Lee, whose re-
appointment was recently confirmed,
likewise renewed the oath and re-
sumed duties on the commission.
Secretary Morgenthau states that
Chicago led the whole country in
the purchase of U. S. savings (baby
bonds bonds during 1888, when
purchases for the Nation totaled
$707 ,2e1 $50, an average of over 81
100000 a day. Calumet, Mich, led
the second-class post offices: Horse
Cave, KY, the third, and Plemons,
Tex, the fourth class.
Manufacturers Sales Gain.
Manufacturers sales during March,
1885, were SO per cent above the
level of March, 1898, according to
reports received from LIS manu-
facturers. it was announced today
by the Department of Commerce.
The dollar volume of these firms
amounted to S352OOO,00O, as COM
pared with S320,0OOO0O in March,
1888, and 1902 100000 during Feb
ruary 1899.
The rate of collections on accounts
receivable for 1,476 manufacturers
increased noticeably over March,
1888. Collections during the month
amounted to 83 per cent of total ac-
counts receivable outstanding on
March l, 1882
Manufacturers sales during the
first three months of 1889 were up
1913 per cent from the same period
of 1888, according to reports of 1916
manufacturers. The total dollar
volume for the first three months of
1899 was 1926 OOO,0 900, as compared
with 1899 000,0 for the correspond
ing period of last year.
Bond Issues at Standstill.
The voters of 116 communities in
81 States during April authorized
total of only S7,864,395 in State and
municipal bond flotations. This is
about 65 per cent of the normal av-
erage for this time of year, and in
cludes a $26O0,000 authorization by
the city of San Diego
April totals for other years were:
S12,5O2, 800 in 1888, SIT, ,426. SOB in 1887
and $7,488 500 in 1886, according to
the Daily Bond Buyer. The total for
March was $5,945,95l.
During April projects involving
$4,912 ,583 were defeated by the vot-
ers of 18 communities in a. States.
Financial District Comment.
The Senate Banking and Currency
Committee approved without a dis
senting vote the nomination of Leon
Henderson to be member of the
Securities and Exchange Commis-
sion to succeed William o. Douglas.
The quarterly dividend of IS cents
share on the common stock de-
clared by the General Motors Corp
will be paid on June IL to stock of
record May II. A similar amount
was paid on March 13 of this year.
The stock is widely owned here.
The Chesapeake & Potomac Tele-
phone Co. of Baltimore had a net
gain of 1886 stations during April
compared with 1,474 in April, 1885,
and 2.274 in April, 1887. For the
first four months of the year the
company had net gain of 6,905
stations, compared with 4,567 in 1888