Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-09-30
GOSSIP OF
THE STREET
SITUATION
FELT IN MARKET
Big Victory Now Might Cause
Wild Stock. Buying Run,
Brokers Say

No one in the financial district Wouiu
venture a prediction Saturday as to now
the market would open his morning
The war news has been coming in Tor
several DAYS past, with such reports OF
victory for the Allies as often seem IN
credible, although an impression pre-
walls in the street that General Per-
shing's reports are studiously modest
on Friday last the market almost got
away" from the restrictions of the
money and other committees and 1t
would not he surprising If some great
victory is reported. and the investing
and speculating public should take
the bit in their teeth and sweep all par
riers away. as it is generally conceded
that in the event Of q collapse of the
central Powers. or a big decisive VIC
tory for the Allies. any one might buy
stocks blindfolded at present prices.
The rumor of Won Hertling's investi.
CATION reported from The Hague, and
which seems authentic. came too ate on
Saturday to influence the market. There
was another rumor which seemed 10
carry it's own denial on its face, as II
could not be traced to any source. name
ly. that Metz had fallen. but II was Ut
terly discredited.
Brokers are of the opinion that con-
siderable activity Is due very soon in
the railroad list, n they point to
/ Regional Director Smiths statement
that $4,000, 900 has been saved by
eastern lines under Government con
troll as a basis for their belief.
The Liberty Loan campaign is ex'
pected TO o~vershadow everything in the
financial world for several days to come
Thinks Wilson Hit Lansdowne
The Saturday half holiday and the
excitement over the launching Of the
Liberty Loan which resulted in the
absence of several representative bank
ers and brokers from their Offices pre-
vented any opportunity TO obtain ex-
pres.ions Of opinions on President viii
sons speech in New York on Friday
night. Those interviewed either had
not read il fully or had not digested
it sufficiently to give an opinion further
than thai they were in perfect agree
ment with the sentiments which he
expressed.
one banker. however, gave an opinion
a little different from the others. H.
said:
Il could not avoid thinking all the
time was reading that speech tina
the President was talking at the re
dictionary party in Great Britain as
represented by Lord Lansdowne.
That such a party exists we arr
liable to forget over here, but it's rep
resentatives have some strength. They
are the advocates of back-stairs-with
closed doors diplomacy. They woulc
:. have settled this war long q in the
same old way, leaving il to crop up again
a hundred times multiplied, with, II
the meantime, each nation trying u
outstrip the other in arms and arma'
ments and imposing an unbearable bur
den Of taxation upon an already over
burdened people. Better now TO hgh
II out and have don with it for al
time. That" he remarked, " is what
| read out of President Wilson'S speech
Briefly, he was strengthening the hand
of Lloyd George and his co-workers
and giving notice To the Central Powers
that their present masters can nave M
part in the final peace convention, al
they are utterly dlscredited,'
Comments on Loan
In their regular weekly letter of Sep
: TENDER %, Hughes & DER make thu
following remarks on the outlook AM
appeal for Liberty Bonds:
There is not a cloud in the sky fnan
cialwise. There is not a weak link il
our economic chain. We have reached
the point where we can begin definitel
to discount a victorious conclusion O
the war in favor of the Allies. The stocl
market, as we have frequently pointe
out, has been doing this d~iscountini
more or less. right along.
"A great patriotic wave-still at food
tide-will sweep the great loan acros
in schedule time.
THE m~otive-power of the averag
plain American is duty. our duty no,
is TO subscribe-oversubscribe-th
Sc, 900. 600, 900 fourth Liberty Loan. ID
your Liberty Bond buying early. and d
II often. J: looks as IL we had entere
the last half OF the ninth inning of III
, war, with the enemy licked and all bu
, d~emoralized. But do not stop TO thin
about that. This Is not the time Il
prophecy, but for fighting the war"
, Koontz & Co. say: ,
Local holders OF silver stocks al
beginning to realize that the situation
not as bad as it looked when II
Tonopah Belmont Development Compar
suspended dividends. That action
a now regarded as having been conserv.