Evening star., 1924-11-26
TREASURY CALLS
FOR S9,651,4OD
National Banks to Pay 5 Per
Cent of September Certifi-
Gates of Sale on Friday.
BY CHAS. p. SHAEFFTR.

The sum or $9,651,400 representing
> per cent Of the proceeds of the Sen,
Iemoer 10, last, sale of United Stats
treasury certificates remaining o.,
ueposlt, mas been called for paymeni
on Friday by national banks.
Inc amount called is a part of II &
1870 loan OF 2a4 per. cent one-year
certiilcates, issued to an amount OF.
S%oo, 900. With the current paw
anent me banks VIII still possess sIs3,-
''o,ooo OF the original flotation.
treasury officials, II is understood
are now deyisIng refining plans which
VIII De announced some time prior Ia
december 10, when huge disburse-
ments viii be required to meet ma
turing Indebtedness. In some quar-
ters IL IS said the plans will take the
lofln OF the largest volume in some
Years ana Will probably be in the
Iol Ioliii III OF bonds provided the present
10" money market rates continue
Chapin-sacks Bonds on Sale.
An issue of 100000 collateral
rust Srust per cent 10-year bonds of
Chapln-SackS. Inc, is being offered
today by Frazier & Co. The borrow
ing corporation is the most important
manufacturing ice cream plant in the
South, and is one of the four largest
III the world. 1t operates II plants
IN as many cities in addition to dis
trihutlng stations and creamertes.
HaieS volume in the first eight
months of this year totaIed s4,3s7,435
al an annual rate OF approximately
S6,OOO,OO0, against S5.97J.43O in 1qsa
ana S5,o4l,522 in 1922
Fronts in the first eight nontI7s
Were S6i2,059, against S488,643 in the
Ia 1uil year OF 1923 and $G4I,O9l in 1922.
Inc balance sheet as of Octoher 6
alter giving effect TO financing, shows.
current assets of S1,0846S4, incIud-
ing s2'b,25i cash and current liabiIi-
ties of S5l5,I60.
The Offering, which is being made,
a. 90 ana interest, TO yield about 7.2J
per cent TO maturity, will provide the
! IuluS necessary 10 purchase a mini
mum or 80 per cent Of the voting
STOCK OF Chaplin Sacks Corporatio,S,
when includes over 90 per cent Of
the general preferred stock, and viii
provide the corporation with addi-
tlonal working capital
Bonds to Be Redeemed.
Four per cent Government bonds -
.I+ ioan OF 1925, dated February I
1892 and called for redenptfon or,
Fenruary :. 1925, have been ordered
redeemed on and after today,
y formal announcement from the:
: Sdiu secretary Mellon had
authorlzed both the Treasurer OF rbea
United States and the Federal Re-
serve Banks to redeem the bonds in
cash ar the holders option, at pan
and accrued interest to date of such.
optional redemption"
Made Bank Director.
Col. Wrisley Brown was TODAY
ADDED to the board Of the National
Bank of Washington at the regular
meeting OF the directorate.
The new member is a well know,
business man Of the city, and is
president Of the Wa Washington Narket
Co, and the Terminal Refrigerating
and Narehousing Co
Capital Traction Earnfngx,
Net operating income Of the Capitai
traction Co. in October amounted TO
SSl.5O1, nominal decrease of the
corresponding month of last year
according ~ statement filed with the
Public Utilities Commission.
Iotal revenues amounted to s4oS
oI2' with expenses aggregating s254,-
olo. slight decrease in passengers
Is reSDOn SinlP he