Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-11-15

President Wilson along the same lines,
as announced in yesterdays dispatches
from Washington. Mr.. Laws letter was
written some days previous TO the an
nouncement OF President wilson's plans.
Mr.. Law says:
For nineteen months the American
people have thought only of war and
tho need of speeding UP their military
machine. No sacrifice has been too great
for them to make in support of Ameri
can participation in the world conflict.
They have upheld their President 10y
ally, without thought of party differences
in tho sole effort to safeguard the honor
or the flag Now that peace Is apparent
~ In sight, the country has entered upon
a new era In which the work of restoring
tho normal order of things may be quite
as difficult as has been the task of in
creaslng the country's war efficiency
Great Britain has organized a Ministry
OF keconstruction and 14o separate COM
mittees TO Investigate the conditions that
will be encountered In various branches
OF British trade after the war ends.
Our Government has not acted as vet.
although two proposals have been made
to Congress to undertake such an in
quiry along broad lines. The confer
ence next month of American business
men at Atlantic City to discuss the
problems Of reconstruction will have
many interesting questions TO consider :"
Mexican Petroleum
At one time yesterday a good deal IF
attention was centered OH the action
or Mexican Petroleum A certain broIser
salu the STOCK was selling then for more
than 1t is worth. He based his opinion
on the fact that the company had dis
closed the earnings for the first half
OF the year, which showed about 10 per
cent on the common stock II will be
IN possible for them under the most
favorable conditions, he said. to earn
more than Is per cent during the last
half. Another broker when asked his
opinion on the matter said that the lat
ter statement was probably correct, but
whoever says the stock is selling now
Tor It's full value cannot have taken into
consideration the stupendous values of
the properties owned by the company.
p. and W. Wa. stock
| Rumor says that the recent movement
in the stock OF the Pittsburgh and West
| Virginia Railway Company is the re-
suit of the attempt to secure control ut
| the company by the United states Steel
1 Corporation. What the steel company
! is after are the valuable coal properties
OF this road. Brokers say that the buy
| ing VIII cease as soon as control is
| obtained, and afterward the purchasers
Will have no particular interest in tho
| price Of the stock, whether II goes up or.
! down
New Bond Offering
An issue of S9,s50,O00 Kansas city
| Terminal Railway Company five-yean
| 6 per cent secured gold notes. dated
November 10, 1918. and due November
10. 1923. will be offered to the public this
morning by j syndicate headed by
! Halsey. Stuart & Co., whose local office
Is in the Land Title Building.
| These notes are callable at l0l and
interest at the option Of the company.
They are secured by the pledge of s13,-
$4,000 of Kansas City Terminal Rail
way Company first mortgage, per cent
bonds, due 1860, and twelve of the lead
ing railroads of the Middle West are
unconditionally bound to provide for
the payment Of the principal and inter.
est of the bonds deposited as security Y
The property covered by the mortgage
bonds Is considered ample. and the no ties
are highly recommended by several lead
ing investment houses. Some go SO fal
as to say that this may be the last
issue of railroad notes yielding over
per cent for a long time. The price il
quoted at 9934 and interest yielding
! about COS per cent.