Evening star., 1925-04-08
TREASURY ISSUES
CALL FOR FUNDS
Mellon Asks for $13,770,200
From Bond SaIe-Other
Financial lettings.
BY CHAs. p. SCHAEFFER.

Secretary OF the Treasury Mellon
has called on banks of the Nation TO
pay into their regional members by
tomorrow 33b per cent of the pro-
ceeds of the December Is sale of
Treasury bonds. an amount aggre-
eating $13,770,200.
The Governments borrowings in
december was secured by bonds
maturing in 1S44-54, bearing interest
at the rate of per cent. Including
Inursoay's payment, 6S7 7l0 per cent
OF the proceeds have been taken over
by the Government, leaving s27,540,-
goo. The entire loan totaled s756,-
143.5Oo, Of which s532, ,230, 900 was in
exchanges. with the balance in cash
subscriptions.
Tivoli omcers Elected.
Directors of Crandalrs Tivoli
Theater, Inc, operating CrandalPs
Tivoli Theater, at Fourteenth street
and Park road, met yesterday after
noon and elected the following off,
GERS for the ensuing year: Harry NJ
Crandall, president; Franklin ". Kill
Ian, vice president: Fritz D. Hoffman,
secretary and treasurer. and Wilton
J. Lambert, general counsel.
Bonds Market Today.
Stround, Kurtz & Co. are Offering
today an issue of $3.50. 900 OF Akron,
Canton and Youngstown Railway Co.
general and refunding mortgage s
per cent bonds, due April l, 1945, at
81. to yield 625 per cent
The borrowing carrier is a class
l standard gauge steam road, which.
through stock ownership, controls
the Northern Ohio Railway Co. which
forms a complete belt line in the
Akron district, serving practically all
the important industries there.
New Freight Traffic Record.
Revenue freight loadings during
the first three months of this year
reached a new high record for the
season, the total of 11.765,235 cars
shown in a compilation of carrier re-
ports today by the American Railway
Association exceeding by 177,224 cars,
or 1.5 per cent, last years previous
high mark for the same months. The
period covered in the reports was
from January l to March %.
For the last week of that period
the total of e31,3s5 cars loaded was
an increase Of 22.032 cars over the
preceding week. and 24,006 over the
corresponding week last year. All
commodities shared in the increase
over the week before with the excep-
ton Of live stock.
Financial Writer Returns.
I. A. C'Pop") Fleming. dean of local
financial writers. was a welcome figure
IN the District financial field this
morning after a sojourn of four
months in Florida climes Mr.. Flem-
ing says he is enjoying the best OF
health, and looks 1t.
The Gulf. Mobile and Northern
Railroad asked the Interstate Com
merce Commission today for authority
tn q L.
bonds. The company proposes to re-
tire with the proceeds existing in
debtedness to the amount of s2,191,00O.
| reserving the balance for. improve
| ments and additions TO its line.
Production Picks Up.
An analysis completed by the At
lantic States shippers advisory board
indicates a slightly higher level of
Industrial production in the Eastern
Atlantic States for the second quarter
of 1925, as compared with the same
period last year, and adequate trans
portation to handle it,
The trend of business was based on
| actual estimates of car requirements
gathered from the industries which
| will be submitted TO the board at its
| meeting in Philadelphia tomorrow
Trading on Local Board.
| An unchanged trend prevailed on
| the Washington Stock Exchange to-
day. Mergenthaler Linotype was up
| half a point to 1901, and Capital
stronger at 80.
Washington Railway and Electric
preferred was in good demand, a
total of los shares changing hands at
s1A. Gas stock continued weak at
| 5s, as did Lanston at So%.
| Bonds held at prevailing levels on
small sales