Evening star., 1950-05-02
Capital Auto Sales
Ahead Of Year Ago,
Association Reports
By Edword c. Stone

Sales of new automobiles in
Washington during March reached
2,844 in comparison with 2.497 III
March a year ago, an increase Of
BAT cars. and a gain of 20 per cent
the Washington Automotive Trade
Association reported today.
During March $3.50 used cars
also were sold, compared with
8.083 in March of last year, the
report showed.
New car sales in the first quar-
ter numbered 7,185 against 6,594
in the like period a year ago. an
increase of SOL cars.
Dealers say they expect the
present high sales to continue well
into the summer.
Postal Receipts Down.
Receipts at the City Post ONCE
In April amounted to 81 1858. 9.087 as
compared with $1,617,153 in April
of last year, a decrease of SAC, 8,066.
or 2.97 per cent, Postmaster Roy
M North reported today.
The decrease in the face Of
other recent gains was mainly
due to one fewer working days in
April this year than last, Mr..
North said.
Postal revenues in the first four
months of 1850 set a new high
record by a very close margin of
s14,610 or .002 per cent. receipts
of $6,384.013 comparing with S.
1859 .403, the report stated.
Gas Earnings Up Sharply.
Net income Of the Washington
Gas Light Co. in March totaled
s456. .086 against $227.561 in March
a year ago, a substantial gain Of
S228,525. the report to the Public
Utilities Commission disclosed.
Net income in the first quarter
also made an excellent showing,
s1,358,984 comparing with $780,
SGT. an increase of $548,387. Net
operating revenues for the three
months totaled $1,331,709 a gain
of $338.603 over last year. Oper-
ating revenues for the entire sys-
TEN were $1,950,313. a jump of
S563,245
Sales were up 20 per cent in the
quarter and 81 per cent in March
alone. Meters in the District in
creased 1916 in IL months to total
l75,085 at the end of March. the
report stated.
Firm Sets 105-Year Mark.
The C. Carney Smith Agency
of the Mutual Benefit Life Insur-
ance. of Newark, is giving a din
ner tonight at the Dupont Plaza
Hotel for Miss Elinor M. Kicker
son, who has been with the or
gani1ation 20 years. Vice Presi-
dent H. Bruce Palmer will speak.
John D. Brundage. Director of
Agencies, and Mildred F. Stone,
Director of Policy-owner Services,
will be among so guests.
To honor Miss Hickerson, 16
agents submitted 10 applications
for $l,039,794 during April, the
largest volume of business written
in any month in the history of
the 105-year old Office.
League Outing Date Set.
About $50 savings and loan
leaders and their guests will jour-
ney to the Prince Georges Golf
and Country Club on June S for
the annual spring outing of the
District Building and Loan
League. R. Edward Early, enter
tainment chairman, is arranging
a golf tournament to be followed
by a reception. banquet and floor
show.
Washington Chapter, National
Association of Cost Accountants,
is holding a special meeting at
the Lee House, tomorrow evening
to consider current business .ac-
counting problems.
District Life underwriters will
hold a luncheon at the Mayfiower
on May II for election of officers
and the presentation of a special
forum Skit.
District Man Honored.
j. G. Lethbridge, jr., of Wash
ington. was presented a special
achievement club sales award by
the Dictaphone Corp, at White
Sulphur Springs, yesterday.
Bids for the proposed Potomac
Electric Power Co. bond issue will
be opened next Monday morning
and submitted to the Public Utili-
ties Commission later in the day.
Local investment houses will