Evening star., 1922-10-24
Mr.. MELLON CALLS
j.. FOR S97,163,1Ql)
Being First Payments Due
Today and Thursday on
New Bonds.
BY I. 4. FLEMING.

Secretary Mellon made public this
in"rning the fact that he had allotted
s5Il.2S5.G 600 of the new Tr5Nsury
bonds hearing Al. per cent interest,"
maturing october Is. 1852, and had
accepted s252.0oo victory notes and
Treasury certificates of indebtedness
IN exchange for like amount OF
the new "a per cent bonds. making
the total issue of bonds SI63.0eo.O00
Designated banks of deposit We're
not permitted to hold the entire
amount of money received from the
sale Of bonds very long, as Secretary
Mellon has made two calls for IN
stallments the first for 10 per cent,
or $5113S,5OO. being payable at the
various federal reserve banks today.
and the second call, for IL per cent
Of the remainder. S46.024.60o being
payable on Thursday. It total of s@i.-
63.1un. coming c"inc!dent with an
lpurrtFn-yr Of total - 'lrtllent.
II * probahIN that the heavy with
6!rawalS in Treasury operations VIII
cause como little furry in the call
money market
Secretary Mellon announced. in
,."afirma tf"n ~ previous reports. that
:,Ii Subscriptions for $4,000 and
under were allotted in fun
Victory notes and Treasury certifi,
Gates maturing December - offered
In exchange werr taken in fun.
i'#~h bids tUtIifd ) $50, ,S5l 800.
Th- complete success attending the
saie OF bonds and IN" partial success
"f the rounding operations was an
other evidence of the ahIlity of the
Secretary Of the Treasury to size up
the tiudrriai situation and TO further
d-funaS;rate thar the banks and the
uutljr accept his views and his judg-
nyut at face value
Successful Dinner.
y ~urces<ful dinner was given last;
evening ~ @40N 1Gth street ny the di-
r~ctors ~ the Northwest Savings
"f ;h~ iuSritut -rn. :Eo occasion being
his return from I South American
EIrunc.H 4 trip.
charles W. Morris acted as toast-
master cnI cou;rit2.trri much TO the
success ~ the occasion.
TIE program Of addr secs md t"aSts
was carried our 2S published in this
column :ne other day.
IN replying :" n" toast "E.hicS and
Fairness in banking" Mr.. savage
SPOKE feclhisly "f tn" great pieasur',
Of t;Ie loyalty and pleasant greetings
of friends. associates and of the com
muUity IL which the Northwestern
Savings f:anl; IS located on his return
from abroad
Personal Mention.
George l. S-arfiey. vice president of
the National Hfuk OF Washington.
has returned from Il tw0-w"ek vaCa-
ti0u spent in Boston and other New
England points. He was accom- panied
IS usual. ny Mrs. Starkey.
.IarNsS Tri;nhle. vic" president of
the National Hank OF Washington.
leaves today for ten-dayS' vaca-
tic0. going via boat To i:oStnn and
other points on the New England
coast. Mrs. Trimhle will accompany
him.
Action Exchange.
There was conS;tie ia t,ie activity on
todav's session of the local exchange
and some distinctive f~atIAes. one
Of which v:aS tn advance of Ward
man Park SIS to 1o2. the high point on
The issue.
Another feature was the advance
o. Union Trust Company shares to
1i5. another new I.iGh.
capital Traction shares have reach
cd 1bl on their reaction from the
high of a few weeks ago. Railway
common steady during the greater
part OF the all AZ -. easing at the
close. Railway preferred 76a4 to 76l.
Washington Gas sold sparinSly at
512i.
Commercial National Eank main
tai'I,d :, firm font al 80. but yielded
on the last sale to li9l.
Typcs"tters nominal with the bid
On N"rg-nthal,.r reduced to 40 and
the asked price to I731a. This repre-
s"ntiHg disappointment over no extra
dividend announcement. Washington
holders of this stock unloaded freely
at 1S4.