Evening star., 1943-05-03
D. T.. Postal Receipts
For April Shatter
Previous Records
Four Months Revenues
Also Set New Peak
For Thut Period
BY EDWARD c. STONE.

record for that month, crossed the
milhon-dollar mark for the eighth
consecutive time and boosted the
four-month total to the highest
figure for that period in the history
of the Office, Postmaster Vincent c.
Burke announced today.
April revenues amounted to ST.
8l94616, in comparison with $685.
5s4.97 in April of last year, an in
crease of $I7S,36119. or 1874 per
cent. The new peak again was due
to unequaled war activities in the
Capital, in Mr.. Burke's opinion.
In the first four months of this
year revenues at the City Post Of
flee totaled S4,281 ,O25 10, compared
with s3,644,691.73 in the same 1912
months, or an increase of s636 ,333.97.
and far ahead of any other CORE
spending period. Comparisons by
months follow:
1943. 1912.
January - sl,o32 ,s76.46 1852, 1852 .4s
February - 1,012,101.57 871 1313.47
March -- 1,154001.51 9l7O3080
April -- 1,08l ,946.16 3,58497
Todays report showing the gain in
postal receipts follows similar
statement on April bank clearings
which disclosed an increase of more
than sl4,000000 over April, 1912.
Fleming on Airlines Board.
Robert " Fleming, president Of
the Riggs National Bank, has been
elected to membership on the board
of directors of Pennsylvania Cen
trail Airlines Corp. according to an
nouncement by the Washington
head office.
Harold B. Clark, senior member
of White, Weld & Co.. New York
investment firm, has also been add
ed to the board of directors. his
election taking place at the same
meeting.
Mr.. Fleming is a director in a
large number of corporations, in
cluding the Metropolitan Life In
surance Co., Potomac Electric Power
Co., Washington Railway & Elec-
trio, Chesapeake & Potomac Tele-
phone Co., Capital Transit Co. and
chairman of the board of trustees Of
George washington University.
He is also connected with many
other organizations. past president
of the ABA, District Bankers Asso-
citation and Washington Board Of
Trade.
Retail Trade Up Sharply.
Department store sales in many
Eastern cities scored sharp gains in
the first quarter. according to the
percentage comparisons reported by
the Federal Reserve Board. The
Atlanta district made especially
good gains. Trade in Atlanta was
up 80 per cent: Macon, 48; Baton
Rouge. IS: Jacksonville. As. and
Nashville, 80 per cent over the like
1912 period.
Trade in Portland. Me. was up A
per cent; Nigara Falls. 26: but some
cities in the Boston and New York
districts reported declines. Evans
vile, Ind. showed the best Middle
West gain, 48 per cent
Cities in the Chicago area showed
steady improvement over last year
and the Pacific Coast continued the
very high percentage gains.
McCandless Takes New Post.
John A. McCandless. who was in
Washington with the Securities and
Exchange Commission in 1910 and
194l, l,7has resigned his position with
the National Association of Secur-
tiles Dealers and become associated
with the Massachusetts Investment
Trust. For some years he was with
w. A. Hartman & Co. and later
with Brown Bros He will be in
charge Of the purchase and sale of
the trusts securities
Mcpherson Given Promotion.
Edward w. Mcpherson, cashier of
the Washington branch of the New
York Life Insurance Co., has been
assigned to an important position in
the head Office, and will be succeeded
by Wllmur E. Ridgeway, cashier of
the Baltimore Office, Agency Director
Earl D. Krewson announced today.
Before his departure, he was ten
dered a dinner by so associates. the
Committee of Arrangements includ-
ing J. P. Chipouras. B. F.. Satter-
field, Sidney Simon and j. C. Brown.
Leo Lloyd of Arlington was toast
master
New Ration Chairman Named.
Wilbur F. Lawson. vice president
Of the First National, Boston, has
been named chairman of the Ration
Coupon Banking Committee of the
American Bankers Association. He
succeeds Rowland R. Hughes. New
York, who asked to be relieved be-
cause of pressure of other work.
Mr.. Lawson has been an active
member of the committee since its
inception.
AT the Thursday meeting Of the
District Life Underwriters Associa-
tion three new directors will be
elected from six members nomi-
mated at the April meeting-Leon
katz, w. J. McCausland, John L..
McElfresh, Leroy j. Myers. William
B. Rumple and j. Donald Suther-
land.
War Bond Sales Continue.
Sales of Series E. F. and G War
Savings Bonds will continue through
Thursday and be credited to the
Washington total, Hugh Lyuch,
executive head of the drive, an
nounced today. even though the
campaign ended officially Saturday
Washington has already exceeded
the quota by Is per cent, subscrip-
tions recorded exceeding $4,000 ,0Oo
outside of what the banks have
taken. With the total exceeding
all expectations, the success of the
drive caused widespread comment
In the banks and elsewhere today.
Washington investment dealer:
today predicted a sharp increase
during May in bond offerings placed
on the market. The bond drive pu,
a serious crimp in other investment
sales.
At 280, Riggs National Bank stocl
showed gain of 20 points on the
Washington Stock Exchange today
since the last previous transfer.