Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-10-12
GOSSIP OF THE STREET
TRADERS READY
FOR BIG EVENTS
Financial District Realizes Almost
Anything May Happen
Over Holiday

and hanl.
a., >'u i"s' evening tor over
''e MONDAY today there were wonderful
possibilities for some momentous world
events taking place during the ensuing
forty-eight hours
II was admi,toa Tho, 4, ar, ,,,,u,.,
Turkey might foIiow p,,ia.r,,, .s
pie in an effor, 10 sa,.a .a,,a,ht,,- s.,
the wreck: that n .n,,, 49,. ,a't,,i ' a.,
the dual emnlro 20 ,,s,r,. y9,,,n.r,.
There was a mee,,,v % ~ Sns,,,,n
Reichstag called for ,oJa,. ga Mt.
ability OF n renlv os .on,, s"rt fron,
Prince Max of BADEN IN ,ho prss,den,,.
injuries
r,. ,,.
da,,,. .,a.. op,"'ot' was tnat Mor-
s,oo,,, Mouiu open WIN peace
60" s,. s.ons' At the same t'ne'
ho,a -, "'e auNls'ne cnen,s VINO
~ ae N,owh as war STOCKS no,
'a'peueu put 10 hold on ana
" ouS s'ee's OH recesslohs'
Money conditions are such that no
runaway market Is anticipated even II
peace seems secure when the session
opens on Monday.
The stock market yesterday was gen.
erally strong. with considerable activity,
ana remained strong to the close with
considerable profit taking by the shorts.
"uS SOou utdl VI
discussion in the financial district yes
terday over the address by Otto II.
Kahn of Kuhn. Loeb & Co, before the
National Industrial Conference Board
In New York on Americas part and
prospects after the war.
Mr.. Kahn prefaced his remarks by
predicting for this country "a period of
auspicious achievment and great pros
perity after the war" but he made this
con 1itional on the relations between em-
ployers and employees being determined
on the basis of mutual fair play and
enlightened good will. Mr.. Kahn in
concluding said:
The tremendous event of the war
Y, Iii 49,. ha ,,,,t, ,,a same again
To the extent that social and economic
institutions. however deep and ancient
their roots may be found to stand In
the way of the highest achlevable level
of social Justice and the widest attain
able extension Of opportunity. welfare
and contentment, they will have to sub
nit to change.
"And the less obstructive and stub
born, the more broad minded, co-opera-
tive and disinterested those who pre-
eminently prospered under the old con-
ditions will prove themselves in meeting
the spirit of the new day and the re-
snr,,s Gyh,oh q NAV iustIv call for, the
he,t.r Il Gill he bo,h for them and for
tn. community at large.
".et us beware lest In aiming to
make tho world safe for democracy we
nermit tho safety of democracy in our
avn land to he ieopardized by having
th. fomnda t,ons hammered with on which
n has rested for n century and a half.
by all means let us be open to new
IDEAS, let US go iorwaru anu $500
realize what formerly were
unattainable ideais' pu' III 'o'. A.,
turing forth upon uhcharleu -
not let us throw oVerooaiu WV
pass of immutable princip'es
Rand business Fair
o or. doing
can uhue, e''nu Ia tho man
fair business IN oohus "a In.
ager OF weil-Rnown pa"ne W. ara ,rIv
vestment mousse yes'eruas. - 20 n.
taking the business t,"' .' - - our
without sohc,'atioh' ~, ,.,,,,a time to
statesmen Is deNo'ihs MS ~. "a
the Liper.y i,oan, a ,ho can,naiyn he
vertised since oetore ,"e S,,,.in.
gan Most OF 'ne psop'.[ [ ,,,o,d,ng q
bonds are asklhs ~, ,on,, cases
per cent or over anu .,.;,, Iih.
trey say they are ''"ueu w
erty Bonds J.. ,,,,,, ,h.so
IT isn't any use 10 aieu T ,hartv
people tnat they shou,u ~ .a un and
Bonds. Their "hhos are maui Wy, ,,',.t. 80
1t is surprising now many peop'e .',.S
they have done Wen ny pus'n 'ns ~,
$500 or Liberty nonus' oo ,hno,,u,ar r
we are %'.ns hasnrs the Ijbertv cam
paign started"
Short Term Notes
Cha, ,o.,, ro,es were oujet yester-
"a son,e 81 the larger investment
ha,.os cav tbev believe the situation
e. ,,,,,, vol, in hand. and they are exert
,nn ayory influence To divert would be
,r,rchasers of corporate issues to those
of the Government. Some of the deal
ore In wall street are showing n ten
aanc,. n was asserted. TO bid up prices
T., an effort 10 obtain issues in the ex-
,,ao,a,,on that after the Liberty Loan
90 n,naign is over there will be a quick
and substantial advance In quotations
for some of the high grade liberal in
teres, hearing securities on the basis of
an early neace in Europe.
Quotations averaged somewhat higher
than those obtaining at the beginning
of the Liberty Loan campaign. although
operations have recently been curtailed
to a considerable extent.
The Armour 6s were quoted at from
soM TO 9Sss General Electric 6s 99%
and 100; Union Pacific Railroad IS.
1.o3M and l.O4; Great Northern Rail-
way IS, 81 and 97%: Southern Railway
IS. 9sk and 9sSs, and Westinghouse
Electric and Manufacturing Company Is,
s9b and 99A.
,u,,.. Sail ,v.u
T"r" i''''''' 90" Wv"
ON the exchange yesterday Tahsae-
tions in the Liberty Loan Az 3 con-