Evening star., 1950-01-04
Postal Receipts Here
SET New Records in
December and 1949
By Edword G. Stone


By Edword c. Stone
Postal receipts at the City Post
ONCE in December broke all previ-
Gus revenue totals for any month
on record and in the full year,
1919. also entered new high
ground, Roy M. North. postmaster.
announced today.
Postal receipts in December
reached $2,440,882 in comparison
with $2,198,769. in December,
1948. an increase of $242,113. or
11.01 per cent, Mr.. North stated.
Revenues for the year scared to
,$19.4s4. .oS4 against $l7,S47,s31, a
jump Of $l,636,153. or 9.16 per
cent.
The best previous year on record
was l945, the 1949 results being
more than $1,o00,000 above the
previous high mark.
A remarkable business year in
the Capital was given as the main
reason for the gratifying postal
returns.
Auchincloss Opens New Office.
Auchincloss, Parker & Redpath,
members of the New York Stock
Exchange, announces the opening
Of an Office in Silver Spring at 200
Bank of Silver Spring Building,
s701 Georgia avenue.
The Office will be managed by
Richard B. Winder. well known in
investment and financial circles In
washington and Maryland. Mr..
Winder was partner of Hender-
SON -Winder Co. for 20 years before
going into the Army in 1912.
He was an ensign in the Navy
in World War I and served as a
lieutenant colonel in the Air
Force in World War II for five
years.
Thrift Committee Appointed.
Active observance of National
Thrift Week, January 1928, has
been assumed by the District
Building and Loan League. Fred
A. Smith. president. has appointed
a special committee headed by
w. s. Martindill and Ray c. Will
lian1s, to work out details. Includ-
ed in the plans are cooperative
advertising by the league, as well
as individual promotions spon-
sored by the member associations.
National Thrift headquarters in
Chicago said the week is set aside
IN commemoration of Benjamin
Franklin, whose teachings and
philosophy were directed to thrifty
habits, and whose birthday oc-
Cured January II, 1706.
Bank Dividends 18 Per Cent.
The First National Bank of
Sandy Spring, Nd, has Just paid
the regular seEniannual dividend
Of 6 per cent per share and an ex-
tra dividend of 6 per cent. Presi-
dent F. L. Thomas announced.
The bank also paid the usual semi
annual dividend Of 6 per cent on
June so, making total payments
1s per cent for the year.
The banks stock is now selling
around $3.50 q share, one of the
highest priced suburban bank
stocks In this area. The bank had
an excellent year. the reason for
the extra payment, Mr.. Thomas
said At present prices the stock
yields "a per cent. |
Mccormick Again Chairman.
Charles P. McCormick, president
Of Mccormick 81 Co., Baltimore,
has been redesignated chairman
and Federal agent of the Federal
Reserve Bank OF Richmond for
1850. I
John B. Woodward. jr., president
Of the Newport News Shipbuilding
d Dry Dock Co., was reappointed
deputy chairman. L. v. Hershey,
president of the Hagerstown Shoe
Co., was reappointed to the Balti-
more branch board.
Pan American World Airways
has completed the program for
the simpliflcation Of its corporate
setup. Pan American Always Corp.
was absorbed by Pan American
Airways. Inc, and the name of the
latter was changed to Pan Amer
ican World Airways, Inc.
Sales Show Few Advances.
The Federal Reserve Boards re-
port on department store sales In
the first II months of 1949 reveals
comparatively few advances In
most Of the country's leading
cities, over the same 1948 period.
In the 5th District. Washing
ton, Charleston, and Columbus,
8. c., and Charleston, w. Va, had
slightly higher sales. Only Tren-
ton had gain in the Philadelphia
District. All cities reported in the
New York and Boston Districts
were under 1948. ~.
Savannah and New Orleans
noted l per cent gains. Flint,
Mich. Omaha and Spokane also
were in the lucky circle.
Trading Heavy on Exchange.
Trading was the heaviest in
weeks on the Washington Stock
Exchange today. Capital Transit
Is were again in strong demand
at 981a.
Gas common, Virginia Electric
and Potomac Power common were
again active leaders.
Woodward & Lothrop common,
Garf1nckel preferred, Capital
Transit stock and American Sc
curity also appeared on the board.
Prices were strong.
Chicago Grain
CHICAGO, JAM R)--Grain. futures
recovered from yesterdays setback in
early trading today.