Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-04-21
ATMOSPHERE OF
MARKET BLUSH
Reasons for Believing Japan F.
nanciaI Situation Has Been .
Greatly Exaggerated

'n 'ne npanclai o's'ric, se''eiu'' i'i
ragged condition OF the stock marKet'
and the generally depressed feeling per
roa;n. .h. e,.no;o, d;.tr;ct Most of
y, ''o H.,s -.
them were merely repetltion Oh 'nose
advanced IN TINS column yes,eroay
Inere were more nnancIets .s.
ABOUT the Japanese sltuat,on .nan .n
were on iuesday, ana, wnlie mnng "
thcm give little attention 10 toreign pIl ploo
lems IN nnanSe; IL was ackpom"ufnu s.s',.;sa
,nat tne possloirty JI S.n, 9apan tn. rni5
iargeiy on tne onlteo STATES :tc,,. LUr so
ne reckoped with, even thougn some os
Japan leaalng men nav u'scs,ne'
any present inteptIop q, SUI
mont herLer a oood deal Of secrecy
ohout ahat Ia oo;nv on In Janan at
nresant IN 8nanc;si wav but be said
ha hoI;o,nd that iotar news would show
TINT tbs s;tmat;nn had becn eIaeeer-
otad '"' '''"'''
"O,o doo, rot Lnov tbese davs how
70 d;st;,,s,,;.h ,rnnooondo from real
news" I" he ssid
Of necn,;ar significance in connection
with fore;on financing ;s the notice sent
out bv the New York stock Exchange
under date of hnr;l ia stating that in :
format;on had been received that 7. p
Morgan 4 Co. have been instructed by
the Chinese Government not TO nav the
interest on that norton of the Imperial
Chinese Government ( per cent Huku
ang RAILWAYS Sinking Fund Gold
Bonds dine 1881. which were originally
issued in Germanv.
The notice gives the denomination
and numbers Of the bonds in question
!
bonds with the given numbers are moi
in delivery, with the exception of few
D. 7. Morgan %; wnlch nave ee pee.
.Sp'eu ~ oS ,u .ue Sn'neIe ~ .;d
anu vi WIN" '".eres' ~ pei"s paul.
, -
When speaking of the effect OF iabol
unrest on the stock market, and OF
business generally, banker remarked
s.eroay sho .naI every year 'ne ne itar nrOto. Ot
nnoun uu'D,uN S ou al S. t.;rI omrth;n,
. e ~ auu .s;r nu u.' mU, i;ha,. - ano,,,
~. ~. VI .ne ''u'"''s was iAe's ~ '''o
'"in ~ Seaii ;i .s sL,l =, ~. ,,,,ho,
,,a s;II,,. san u. na' .n;s Jno. a. .n f.n,'os
n.;ndom, u,wUrn fmon. nnI nash oo' H. toi,
-. ,, au au ,:a,; VIZ ~
IN, haa,, tna; tan;. s'.s .he La;
a.A IL. AL.A o.,
he sa;d a' h & &pea III III Iahos Ia tronh,os
Ifa ;rst u;ro ne % ~ nnu o.to,z v ~. shor os,
as $50 So .. n. WI ,;tL 49, s' o.,
ns s.i.. =. iouIu s n .on'r rue a's t W." '"e" "e''
ri anu WeIe NV ~. :,
mond bo sa;d % hmt +horn ;s a no;n. ho
anI .,;sL .Ja Iii
sunu oonnt m" &c , raoss;v Mi LIZ n1' Oe sken .kn
H. sa;J u Iii 49, sItnunat;,.s a -
to oinsc do,.n I'D s;soh ar.o h;. houI ~
g. ,,o,t - 81, - tS,t - /;
dror,;nn % M", noo, % W. s.;d anu 'n~' ''''e
''""s "' u.
The $50. 900. 900, Z per cent. FIVE yea
convertible notes of the Sinclair Con
solidated Oil Corporation, to be offere,
to the public this morning at rs TO yiel,
about 8 per cent, will be quickly sub
scribed. according to the general opin
ion of the financial district.
This ;ssuo "a said hy sone to ho
'hrnm,ht ont ;n tho noor frt,,ro m
investment banker remarked that tb
n,b,ic attcption is be;nc cIaimed toda
ne never before to tbe imnortance an,
70 tbo nossib;l;t;os Gov tho f,tnr
tbrougb ;nvestments in tr;ed oil feIds
Tboro ;s oy;dcntlv GOING to ho n roc
botwoen tbe Tinted States and Crea
Pr;to;n for tho sunrcmacv of Tho yor,L:
iii ontpmt be said and M nresent
fra,, oil ;nformot;on ot bonJ th
nhonoos a ro about even Tbe nr;no;na
oct;v;tv in Tho stock market from nov
on ho ron,arLod will center aronnd y;
Stools "
Tbo nrosont 6napc;no of oil cornora
t;ons on IorSo scala bo said l., =
cn,,ntoraot tho Cor" "roachino aeforts y
tbe Rr;t;sb ;nternsts to ohto;n contro
- tba morId,s sunni,, of notrojoun, m
o;I ;ssrns rooontIr nnt on ;nniud;r
~. nroso,. s5o 0oo Ooo ;ss,,o onoun
80 n' obo,,t sosn nnn nOn ''''
~ u'Lo ,,,o,,a ,ns,,,,,o.; s Ill :,
tho I,r;tod Stato, bo ron,r, od ' ho,'
. ooo..;,nol .o,,o oo,,o., -, - s,.,,,
supplies. The possibility of gradual Ok
haustion of the oil supply was graspc,
by the British. he said. before our OF
marnates realized the true conditions
and in doing so the British have secure,
leases and concessions in the most prom