Evening star., 1939-12-23
D. T.. Postal Receipts
Rise $40 Per Cent
Above Last Year
Revenues in 21 Days
In December Reveal
Notable Upsuree
BY EDWARD c. STONE,

Postal revenues in the Capital in
the first 81 days of December broke
last years record in the same num-
Der of days by $40 per cent, it was
learned at the City Post Office today.
The increase is not surprising
in view of the reports from Post
master Burke that business on
several recent days smashed all
previous records. The figures, how
ever, are of wide interest, and supply
further evidence, if such were
needed, of the tremendous rush in
holiday trade.
In the first 81 days of December,
this year. postal receipts in the city
totaled $751;, ,55l.91, in comparison
with normal figure last year of
$695,17S07, making the gain of over
8 per cent.
The actual figures in December,
1898, totaled $755, ,04117 because the
sale of first day covers brought IN
an additional $55,36l In a survey
dealing largely with Christmas sea-
son revenues, however, the abnormal
revenues from special stamp sales
should not be included
Today's report from the City Post
Office is in line with statements by
merchants that business is exceed
ing last year by large margin,
from bankers that checking ac-
counts are very active and from ex-
press officials announcing record
shipments in the past few days.
Storage Dividend Declared.
Directors of the Security Storage
Co. have declared a dividend of
$125 per share on the outstanding
stock, payable January 10 to share
holders of record at the close of
business January 5.
President Ord Preston of the Dis
trict Bankers Association announces
that the regular midwinter meeting
of the association will be held at the
Raleigh Hotel Monday, January Is.
T. Stanley Holland, second vice pres
ident of the association, is arrang-
ing the program.
In view of the amount of over
the-counter trading in Washington
the following facts are of special
interest:
100000 Over Counter Issues.
"The over-the-counter market is
the oldest form of market for stocks
and bonds.
From the beginning of this Ma
ton the over-the-counter market
has constantly grown to its present
gigantic size-in this market are
traded upward of 100000 issues,
which include Government, State
and city obligations, the securities
of banks, insurance companies,
railroads, public utilities and indus
trial corporations, bonds and mort
cages secured by real estate.
Some $500 over e-counter deal
ers are registered with the Securities
and Exchange Commission - they
are interconnected by millions of
miles of telephone and telegraph
wires; are highly competitive with
one another, thus making for the
best possible markets for customers"
Dollars and Sense Appears.
Dollars and Sense, timely publica-
ton of Washington Chapter, Ameri-
can Institute of Banking, appeared
on the street today filled with insti-
tute news of all kinds, and edited
by A. E. Hense and his able staff.
Announcement is made that Wal
ton L. Sanderson of the Hamilton
National Bank will be chairman of
the Institutes 1910 Banquet Com
mittee, the big annual event to
take place on February "a.
A summary of A. I. B. members
In the various banks is presented.
showing that Riggs, American Sc
curity, Second National and Wash
ington Loan & Trust are closely
grouped for leadership. The men,
bership total is ATS.
War and foreign exchange are
fully discussed by George Dagenais
of the Riggs Bank foreign exchange
department and the food stamp
plan,' now being tried out in
Rochester, N. Y, is given special
attention. Other features make it
one of the most interesting numbers
published in a long time.
Financial District Notes.
The Employees Club of the Lincoln
National Bank held it's first Christ
mas party last night at the Roger
Smith Hotel. The club, organized
In March of this year, holds monthly
closed meetings, and last nights
affair was the first to which men,
bers were permitted to take guests
Dancing, followed by entertainment
and buffet supper made up the
program.
The annual midWinter meeting of
the Executive Council of the Ameri-
can Institute of Banking will be held
IN Fort Worth, Tex, January 1926,
1t Is announced by Harry r. Smith,
president of the institute and vice
president of the Bank of America,
San Francisco.
The Securities and Exchange
Commission reported today that the
market value of Washington Stock
Exchange securities sales in No
vember was $125,579, of which S91,-
78l was in bonds and S33 1893 in
stocks.
President Robert M. Hanes of the
American Bankers Association
called on President Roosevelt yes
terday and outlined the plan of the
association to extend its educational
investment banking campaign to
commercial banks.