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Show TREASURY ISSUE OF NOTES POPULAR WASHINGTON, July 27. (By the Associated jPrcas) Favorable reception recep-tion of the treasury's new offer of four and one-fOUtth per tent four-year notes hi the invi stm n't marTteta of th country was Indie :i t 1 Wednesday in reports to Bseretary il'-lion. The four and cm -fourth per cent rate on the new notes is a new low level for gov-ernienl gov-ernienl obligations with a four-year maturity. "ThQ statements Which appear ln several of today's press dispatches " -Mr. Mellon said In a formal statement, "to the effect that the treasury has Offered u lour and one-half per cent four-year treasury note, are erroneous er-roneous and should in- disregarded. Treasury has often d under this date a f'Hjr and one-quarter per cent note, dated Aug. 1, 1922, maturing Sept. I 16. lSi6. anu subscriptions for Uojae notes arc now being received lv the federal reserve lunk The 0ffhl.1l an- aouncement of this Issue was muiie in the usual manner at the treasury and 1 the federal reserve banks on the evening eve-ning of July 26. 1922. and there is no occasion for any misunderstanding about the terms. It is understood, however, that erroneous reports have arisen from incorrect transmission by , the press assoi iallon3." |