Evening star., 1952-05-07
D. {. Postal Receipts
Reach New Peaks in
ApriI and 4 Months
By Donold B. HodIey

Washington postal receipts in
both April and the first four
months of this year were the
highest in history for those pc
riods, Postmaster Roy North an
nounced today.
April receipts of $2,O51,371 were
down slightly from $2,087,64 in
the previous month, but were II
per cent above $1,752,2 ,289 in April.
1851. They also were 158 per
cent above .$794,565 in the same
month of prewar 1941.
Four months receipts aggre-
gated $7,997,191, a rise of lit
per cent from $7,157,076 a year
earlier and were 168 per cent
above $2,986,798 in the same 1941
period.
Building Upturn Revealed.
Building permits issued in the
District during April were valued
at $5,531 ,434, highest mark for
the month since 1923 and 62.8
per cent above $3.397,770 in April.
1851, the building inspectors
Office disclosed today.
This barometer of private con-
struction plans also was 65.4 per
cent above $3,344.418 in the previ-
GUS month. 1t does not include
Federal projects.
The April report was issued at
q time when there is much dis
cussion of large supplies of ma
terials on hand. Also, a general
easing in credit restrictions seems
to be at hand.
Despite the April upturn, build
ing permits issued in the first
four months of the year remained
288 per cent behind a year
earlier. The total was SIG, ,767,912,
compared with $23,548,049 in the
same 1851 period.
Terminal Earnings Rise.
Net income of Terminal Re-
frigerating & .Warehousing Corp.
in 1851 was $166,195 or $3.50 a
share, after all charges, including
taxes, VS.. $91 ,533 or $3.50 in 1850,
President James j. Hughes report
ed yesterday. The years net was
the highest since 1947.
Gross revenues for the year
totaled $1,193. .202 VS.. $1,041,119 in
the previous year. Surplus at the
end Of 1851 reached $1,144,504 VS..
$1,088.04 year earlier.
Revenues in the first 1852 quar-
ter were about even with a year
earlier. said Mr.. Hughes.
State Loan Profits Gain.
AS 4 result of heavier income
and excess profits taxes, net in
come of State Loan & Finance
Corp. in the first three months this
year. was reduced to $233, ,545 VS..
$242.617 a year earlier, President
Davis Weir announced yesterday.
Before income and excess profits
taxes. net income for the period
was $527, 1853 VS.. SAB, ,663 a year
earlier. The taxes took 55.7 per
cent of the net, compared with
45.3 per cent in the same 1881 pc
riod.
Customers notes receivable on
March 81 totaled $27, ,298, ,208, a
jump of 80 per cent from year
earlier. Loans made and pur-
chased in the three months
amounted to $12,73O.340 for A.
465 borrowers, compared with So
$780, ,799 for 39.377 borrowers year
earlier. The company now is op-
Grating 56 Offices compared with
a. a year ago.
Bedford Heads Chase Co.
Henry j. Kaiser. chairman of
the Board Of Chase Aircraft Co..
Inc, today announced the elec-
ton of Clay P. Bedford, a Kaiser
industries executive for many
years, as president and a director
of the Chase company.
Mr.. Bedford left his post as
executive vice president of Kaiser
Frazer Corp. a year ago to serve
here as production expeditor
In the national defense program.
He first served as special as
sistant to C. E Wilson. former
chief of the Office of Defense
Mobilization, and later was chair
man of the Production Executive
Committee of the Defense Produc-
ton Administration. Since jan
uary l, he has been special as
siStant to Secretary of Defense
Robert Lovett.
The Hartford Accident & In
demnity Co. has appointed George
A. Saylor as district engineer with
headquarters in the Washington
Office. He has been senior engineer
here.
Cost Accountants to Meet.
Washington Chapter, National
Association of Cost Accountants.
will head a panel discussion of
internal auditing in the Federal
Government at technical session
at the Willard Hotel tonight.
Members of the panel are Elmer
Frazier, Home Loan Bank Board;
Albert E. Smith, Agriculture De-
partment, and James A. Robbins,
General Services Administration.
Preceding the technical session,
the chapters Executive Council
will meet, starting at $50 pm.
Donald l.. May has resumed his
duties as sales manager of the
May Hardware Co. after spending
18 months as instructor of mill
tary science at Virginia Military
Institute. He served with an
afmored division in the European
Theater during World War IL.
Bank Branch to Open. /.
The Citizens Bank of Maryland
win open it's new Riggs Road
Branch at Hyattsville on Friday.
President Alfred H. Smith an
nounced.
Open house will be conducted
at the branch, 6581 Ager Road,
from z to $50 pm. Delbert P.
Weldon will be manager.
Formerly known as the Citizens
Bank of Riverdale, the bank has
grown raOidlv in recent wears