MELLON WILL STAY IN OFFICE TILL 1933; White House Announces That Treasury Head Has Given His Promise to the President. ENDS RETIREMENT RUMORS Action Taken Because of Their Effect on Business--Wall Street Heartened. Concerned Over Effect on Business. Wide Variety of Rumors. MELLON WILL STAY IN OFFICE TILL 1933 Doubters Now in the Minority Wall Street Enthusiastic.
White House announces that Mellon will remain as Sec until 1933