Evening star., 1943-02-02
D. C.. Postal Receipts
Al New High Mark
During January
S.@2 Per Cent Goin
Over Opening Month
Of l942 Revealed
By EDWARD C. STONE.

BY EDWARD c. STONE.
Continuing the unprecedented ad-
vances In postal receipts through
out 1912. January revenues at the
City Post once broke all previous
recordsby crossing the million mark
for the first time, Postmaster Vim
cent c. Burke announced today.
Postal receipts reached 3l,Oo2,-
976.46 In the flrst month Of 1913,
compared with $952.762. - in JAM
uary. 1912. an increase Of 80.2l3.97,
OF 6.42 per cent, Mr.. Burke said.
The new January record was due
to present war boom conditions
rather than to any sharp increase
IN any particular class OF mail.
Postal revenues were larger in the
earlier days OF the month than at
the close. it was noted.
Oncials expressed the belief today
that postal receipts will exceed 81
000, 900 every month this year. This
forecast is based partially on last
years results when revenues rose
22.5 per cent. and totaled $l2 2,1S0, 100,
for striking gain Of $2,237 sos over
1941. !
December receipts totaled 1885,.
5S3. more than II per cent above
December, 194l.
1912 Gas Net on Slightly.
The Washington Gas Light Co.
reported to the Public Utilities Com
mission today that increased costs
and higher taxes caused a smAll
decrease of $42,43l in net earnings
for the year 1912, in the face OF sp
increase in gross operating revenues
Of 81, ,322, 1877. ,frt
Operating revenue totaled $1o;S6s,.
9oS, operating expenses, depreciation
and taxes, 50. .235 1888, leaving net
operating revenues OF $1.633. .02Q.
Income deductions totaled $08O, ,43o
for interest and dividends, 10000
more than year ago. ~.
December earnings showed q sub.
stantial gain In net of 359. 9.l4e, with
$20l $50, comparing with $l41.4oD 4
year ago. December gross operating
revenues Of 81 ,229, ,304 showed an In
crease Of $500, ,202. brought about BY
. larger volume OF gas sales. Oper-
attng expenses were 9170,92o more
than in l94l. Net operating revenues
were up more than $2l 900. Nom
operating income increased by ISL.
234 and income deductions were Sle,.
458 higher. s.,~- 5s.
The increase In the volume OF. sas
sales for December amounted 10 ap.
proximately q per cent, sales being
2,0O5,7ll thousand cubic feet this
year, compared with 1854 $40 thou
sand cubic feet Tor December 1eAl.
Meters In service In the District of
Columbia increased $3.50 over a.yeaY
ago, to total Of 1S4, 4,6l7. sia
Gross additions to the company's
property in Washington amounted
to approximately 1895 ZOO In Decem-
Der and $3006. 600 In, the IL months
Of 1912. -
| d. C. Banks In sSisa List
| Five Washington banks are In
the list Of the 800 largest hanks ii
the United States just published w
the American Banker. They are
Riggs National, American Security,
Hamilton National. National Net.
ropohtan and the Washington Loeu
Il Trust CO.. !; .s<e~
The Chase National remaiiiss t1ie
largest bank In the United Skatea.
with National City second and
Guaranty Trust third. Chase Ma,
tionals deposits are $4,291, ,Ae6, $50
Bank Of America, San Francisco, v
fourth largest and Continental Ilns
nois, Chicago, NTH. :
Others among the 10 biggest 40
First National. Chicago: Central
Hanover, Bankers Trust, Manufac-
turers Trust and Chemical Bank -
Trust. all Of New York. as :
The 800 largest banks had de-
posits totsling 360, ,362, ,277, ,402 ~ t114
end Of l942. against 4S.745 ,6O0, ,7o3
In 1041. up ~ per cent.
Bends Under Marks In 1elo. ~
The Chemical Bank d Trust Co.'S
ninth compilation Of year-end prices
and yields OF approximately 40
State and municipal bonds preseht&
an Informative record Of mattel
changes In individual credits daifina
the past decade. =
Noteworthy Is the renewed trend
to lower income levels despite inters
mittentiy disturbing market infls.
ences such rs Pearl Harbor and
day-to-day war news. While price2
generally have advanced through
the levels Of year ago, only about
10 per cent Of the bonds listed exs
tended the recovery through. tho
highs established In 1940.s @s
This group includes Little Rock
New York City. Detroit. Chatt61
noo6a, Knoxville, Lexington. (Ky9s
Minneapolis, State Of Aissoa1ri5K Kans
sas City (Mo). Great Falls (Mont.,;
Raleigh, Akron, Toledo. STATE ! 20
Oklahoma. Charleston g. c., stxn1
Of South Dakota. State Of virf1nia,
Norfolk. State Of washington and
Seattle. ;. 80,
Waller Makes Bank Repest. si.o
John r. Waller. president Of tiss
International Bank. jackson PlAee:
which Is an investment firm an8
not q bank Of deposit, has ma64
his annual report showing resources
on January 2, lo43, of 9l,03o, ,Ao2 .S12
The institution has $1,000 IN
cash, investment securities Of 40oo:o
58S, loans and discounts amounting
to $76,283, and real estate totalii1k
$297 ST.. Present capital tots1a
$84Q, ,504, bills and accounts payable
$50. 9.049; Real Estate encumbrxnees3
$l50,072. ,fo
Mr.. Waller comments on the faek
that the institution has been uadG
the same management for the peSt,
% years. The. other officers .aJe
Austin C. Waller, vice president,
Thomas B. Lawler, secretary AND
treasurer: and L. J. Dyson. ico6.'
troller ''sts,'
Banks profits ~, IN, ,5SS ,,,-,
Secretary of Commerce Jege
Jones reports that the Expost.Tifg
port Bank Of Warrington, now 23S
years old, has undivided pronts. ~
$40, ,79O. SIS. Earnings during .loza
were 47.544,0oO. .iss n .el.s
The Government bank has sibas