Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-06-28
WALL STREET USHERS
IN DAWN OF PEACE
Market No Longer Feels War In
fIuences, but Responds to
New Era
STOCK PRICES STABILIZED

| New York. June 2S.-Thc New York
Evening Suns f,o,oio, ro,io,, for this
,.
~ "S i"''o"s'
Events OF the current week in Wall
Street seemed to spell the parting of
the wovs IN tbis sors, .o , g., j.,
a,,.
hu'"ccs were left behlnd ana the com
ms VI ''e p'"'e Perlou was given its
W. oo"'
.,a C. was no ,t"Soh L" "o"nt 'ha'
r,oooo .n' ,"" ~""lu lot'l'"l'S sig" M I'll"
,,,oon, 49, s'' "t'c' no'n' nv "''
ns :. vi. ,,"Se VI 'nc war tec.lnl'alIS'
r,,ontl,s IJa ".t""n' io' S"',''
,,a, -. ,-o:u '"e l"I''ul S'roNe OF Inc
pon po. -. " Inil,eS , oc'h discounted inns
S.. ~. "'"" 'or ''''"l" u,''i 'h'
sv'" uo"n 10 work on MohdaN.
,,,I,,.a,. a, ".' ~ ot H"rS',o"'" una
,;i,"r,. - -. , 'u' 'A'''' 1t Is no'
''N,'' W W eNploSiNe'
speculative order, SO recently damp
ehed' is not exactly the material to be
Iou'hed OH readily by Il vitiated spark.
Inc thlng TO bear in mind now is that
war ana wars possibilities will no
longer D" factor in governing securi
Ties prices. IhlS involves n considerable
L'''h'di REIMBURSEMENT. II is not enough
TO say that thr war ended with ccsSa
ton OF hostiIities last November. The
slgnlhs OF IN" treaty is as necessary to
'"Ne men minus from the war as is the
possession of dollar to relieve anxiety
fror, ''' N'N' meat lS coming
Seu E,oo,, n.
Nv, lawns
"'h the ceremonial flourish in the
u"i'erS Oh mirrors passes into history,
.','. mus "n epoch ana there begins
" neW "'e' Inns is as true for Wall
o',e.t "s ior the rest OF the world. AS
a Da"N.. .NIre sea IT, II great problem
e n,, ''"' O"' numerous progeny
await ,''aa' an r,"o'e'''s r'haihS' Neither
crp'" "a" successfully demonstrate the
1t is futile 70 % hocp 20 o,,on
or to other peace periods for guidonrc
in this one. The lapse of thc lotc bu,L
market, whether it shall be proved nor
mancnt or temporary, closely coincidnd
with the great transition. Tho nictr.o
of the future, economically spraking
has background. but is lacking in fore .
ground details. The background is tho
economic soundness of this country
which borrows contrasting colors from
across the waters. The effect on thc
collective eye of Wall Street is n color
tul masS. from which succeeding weeks
only can draw the points of Signitica nt
detalIs.
Stability Without Weakness
j For the fr.t ti,o si,,oo A.,
-; OF Anril tho LOOM .,,nan,',.: ''.' r'''ouI'
lion -s',ore sos.inns ,,.a,, ''Lo" h, VI Hl't
. week oftor o,t,bI;,hi, '"iS
) that resnect A. tI,n " i''o'i IL
was stabilizotion of nricos ,.;.h I'I'' 'ntr'
i plav of wookross j., "l''ou, uis
Some tbroe wooks oa, tto ,,,n'',.'a ",.I''u l'S'
) headed for n c,oSb ,rLn' nv. ''c'''e' i'
now famous wornina Of tha r.1, I"niG ,ri'
serve Roord al ''c
) 1.,,..
:; "' spec" aheau
AUDI ,iouS plans are already afoot fol
T. lro'idiiig the means OF meeting the de
= .!"i'uS y, international trade. The Ma
5 'ionni lily 'ank estimates that hal
!. VI '"e ii'i"ia'tureS Ill the trade be
: e"ceh Nv i'"t,ohs l" Suppll'd by the nltct
.r"''H' n Europe Is making inquiries fo
;, a" so'tS Oh raw materials. Signs of 1
heuVF export demand for steel and irol
ure not wanting The American Cottor
: rapport financing corporation has beer
n oigahized bN cotton interests and it i
:; supposed that other industries will d
!; nkewlse. Expanding bank clearing
d ana declining business failures attcs
l. t" the business momentum here. Th
: signal for full speed ahead industrall
was given by Gcrmany's decision t.
sign the peace treaty.
J. The Treasury fund of 81 900 900,
n 600 provided for extending credits t.
the nations OF Europe has been nearl