Evening star., 1921-05-27
TREASURY CALLS
FOR S22,Sl,oOO
Sale of 1900 Shares Ex-
change Bank Stock-H. H.
Havenor Elected Head.
BY I. A. FLEMING.

Another call for proceeds from the
sale Of Treasury certificates of May
Is was received this morning. thi:
time for 20 per cent Of the balance to
the credit of the Treasury.
This means the withdrawal Of So.
sa1. 1.ooo leaving a balance to the credit
of the Treasury from the sale of May
15 of 100000 The total proceeds
Of the sale aggregated s2S6.17o.aoo
Payment will be made on Tuesday y
Of next week.
Call money moved up sharply to =
cer oent yesterday on the heavy and
continued Withdrawals for the use OF
the government. but this morning the
op-ning rate was off to 4 per cent.
Exchange Bank Sale Contaminated.
comrletion of tho neEot ationS for
the sale of the stock control of the
Exchange Bank of Washington are
announced.
At meeting of the directors OF
the institution held last evening H.
H. Eavenor of New York city was
chosen president. succeeding Mark T.
Finley No other changes were made
in the Official roster Of tho bank. Mr..
Finley remains with the institution
as director.
shares having IL par value of SO each
1t is understood that Mr.. Havenor ac-
CURED $500 shares.
The price paid for control was not
made public.
StabilixinE the Dollar.
F'rof Irving Fisher of Yale. will ex-
plain his views on the tabilized dol
lar at an open meeting 10 be held at
the Raleigh Hotel at o'clock on
Saturday afternoon. All are invited.
Another meeting will be held at the
Raleigh Hotel on Tuesday evening,
June 1. on the same subject:
Considerable interest has been
Congress on the stability theory. and
a full discussion cr the matter. with
an elucidation of views by Prof
Fisher. may throw new light on the
proposition.
The Elastic Money Clan is doing
what it can to further the project.
Adjourned Until Next Tuesday.
The local stock exchange. after to-
days session. voted to adjourn until
Stock Exchange governors granted a
petition of their members Nor like
adjournment some days ago. Local
banks will be open tomorrow. Monday
VIII be complete holiday.
Today's business.
Trading was decidedly light on the
local exchange. Washington Gas 5s
were easier. declining to IS. Two 500
IL. per cent Washington Gas notes
sold at los.
These were the only transactions.
with the exception Of a sale of Wash
ington Railway general IS at 80.
Call money, 61z to to ~ per cent;
NO loans.
Wall street Notes.
Chicago. Burlington and Quincy de-
clared a per cent dividend. payable
80 ri
June 90 The president declared that
the dividend policy of the company
had not been definitely settled. 1t
vas held advisa BILE to declare the 5
per cent distribution. AS this will go
TO Great Northern and Northern
helpful effect on the stock of these
companies.
United States Steel Corporation is
said to be working at 4o per cent
capacity. while few weeks ago
production was under 40 pc. cent.
$3.50 3a4 for 1920 after interest.
depreciation, tool and inventory ad-
tustments. Nearly s1.oeo.600 was
charged off on investments in affiiiat-
ed companies.
Regular Advance Rumley dividend
able July l to shareholders Of record
June Is.
Reserve for the Federal Reserve
System. combined SO per cent.
Net operating income of Baltimore
and Ohio for April was sc333Iess. as
compared with $4,000 for the same
month last year.
Southern Pacific net operating in
come for April. IS 41S.47s. an increase
Of st.c1S.31e over the figures for the
same month in 1920.
New York Central reported net
operating income for April of s4-
o99.Oeh. as compared with Sl,1S454s
for the same month last year