Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-22


pron,pt remsa;s. a.. .,,.a - ..,,.r
ing railroad ronsest;ar u,h,,s the
bankers assembled in conference In
Mssninston this week took promps
neasures 70 reduce outstanding credits
aesponse 70 appeals from the gov
~nns ~ Su.noIlues. tue Interstate Com
,e'vs .hn oomilssion seized the Dull Dy
tss sos, ,, munS anu revived certain wartime
nj. &c, ~, ompel tne raiioaos 10
,np, up es.n . o.ner py poonns tnen equip.
,a..sst ,vsV"lses go as 10 taciiitate tne
y n";,, ,,n - VI empy Ire,gnt cars 20
~ po'uS eSon me nnn onU Imost needed end 10 make
p a. Vw eon;n,,sn. 'e'o'V'us runo aVai'a'
Evarv ensrgv wo .. . an. ..s
and a henefci.i rae,,,t ns W .na. ta sno
thc ,yeet was ont "a
ta hr;ng aho,,t r.h. III @
done = month or r.n-s sa"uo nmn Th na.e ,s;a oses
wns b;ohly d;sconcer.,s AZ
sult WAS fbe f,nrrS ~ &C., dou .nd .d ,ana
nrices Forced En,,;a. ,;o,, 90 .ot T.,
funds denied bv M 'hauhs ,o. aii
conscience upsett;nv onnmob n.;thont
the croakipg occasioned by snosms Of
fear, Perbsps tho most fortnpate cir :
cumstance was that Wall street locally
was already liouidated because bona fide
investors would otherwise have lacked
the courage to stcp in and buy AT the
attractive yalues thns created
,,,., p.I,- s,,o.,.
''' "'s''" e,''wH
AS II was the demand OF that char
sc.er vas temporarily swamped oy
Io,ceu onerings,. out gradually maze IT.
sl ssll lsit III tne second nali OF the week.
me slor. in,eres. was extensive enough
70 Iuuuec coverlug once II pecame
apparent stp snat nluldation mad It's iinlits.
lns I,,, sIen.ncant iact. however, was hat
se,,ns Was primariE necesslty ~
~. .nre' "''n"ra"o' Oh creolt accominooa-
'iVr, ~
Iac arsues against niheuia.e
leuans s oL Iost ground because t1e
u; ne,esss spnno. Iisuppear at once.
,,Is sIs wnicn mus, Sorres' ,itsen
@ e,,, p;ess wnicn nau 70 pe
wi.u oelo'e uhe sS'honi,e
a-sat'Ie rta. ~ sou'h res' on sond oasis.
.a. :. nus vesun st iast, hat ,ne
i eoun'ts nas ueen awakene1 10 tne
uert; nest ~. pu..its I.s mouse IN orper'
pd road .;s,a,, VIII respets W sne rs
80 80 I on mA..s y, ireisn'
tha ;na;,.;dMaf az nooJ. .aa' All. pes ~ .or soGus
dnwr that a.. banha i ,,.;,, az h u.I;nnaS sY
Of some of their most pressing bur-
aens, are points on wnicn 70 impaie
Inc specter OF extreme pesslmism.
ohey conui.ions tnroesn tne week
SenaS preponuetute G vi suppl ovIs IVY,
uenlanu. IN seVersi OCCASIONS gMi'
loans went begging at per cent. The
sns"ai rate ruieu AT ! per cent. tline
LlL tlnts We1e nncnangeu ut prev'i,lns
@ n,sn raIes' s Ihere We're reports Una.
anore esn "a Solg IL was coming from Lonaon
Sfg,ooo,T9o ~, was tne amount named.
Inc soldier and sailor bonus plan oc-
cupled unpleasant prominence IN the
news OF the week MISUNDERSTANDING q
nood OF protesting letters received by
congressmen, the ways and means com
mlttee OF the house tavoraoly reported
tne Dill atter iO per cent tax on stock
dividends had been inserted. Assur-
ances were forthcom ing from the capital
that the measure would be defeated in
the Senate. and a further bright spot
IN the situation was the unequivocal
stand taken by the secretary of the
treasury. who stated that he was op-
posed to the project however it may
be financed Nevertheless. agitation
OF the subject was not, without its in
fuence in affecting sentiment adversely.
Eor.;r, Exo,.,,. ,,,,.s
'N'"
Ine forelgn exchanges were mixed.
Leading continental centers in general
aisciosed Improvement, factor there
oeing the temporary advance IN francs
IN faris; whlie sterling IN this market
was at pest steady to hrm. Foreign
trade hgures issued by the Department
OF Commerce for April were on the
whole encouraging, There was de-
cine OF Sl3o: :OOO:0OO in our exports,
winch was only cnset IN part by de-
cline OF about $50 C,o0O,OOO IN imports,
poth comparisons being with March.
soat se ono tota, a. OF exports last month was
S00 SvGu s oSsiust t ss9o % nnd ono S SaJoG' sSS1'
mo ooo IN Torch roonoot;rsI, ca
m imnorts in tnr;, were ~ tbe hesr;sst "9,a Snr
any month IN sever years tho ao' U'
srooota heirc s5f, OO0 o6o aro;nst
al 400 0oo n ths nrev;oms n,anth 's ~
pnrts ~ so,d IN tnr;i wera .un,a-i
rontoIr az % sa,aa. ~ 90 ~ ,Tareh a
80 seE sI4 oon ooo 'ua' 10
Tbs nation was soa;n rsn,;rdod ,h..
Il should NOT sh;rk resnonsib;l;ty Gov
a,,en;at;no conditions in Enrnns M hn
tha nrtant anneaI ~ Tho bssd pf ~.
Rod Cross far ra,;ef neosmros The
anno.I ms n,ada nnt onir ~ brron;
tar;on 9rornds bmt an those ~ ~
t;nnaI dansar as wsI, fron, tbo srroa5
of oontaa;on ond onarnbU "0 'p''"u
Tbaro Was some d;snos;t;o, % "a
oord tbo sitrotinn n;ntmreJ hn NJ
nor;Son nc nuordrau u,r oI,bor,h -, N,a.
roasnn;zoJ tbot h;ah noinrs &c rooJoS