The Birmingham age-herald., 1911-05-17
GREAT DEMAND
 FOR ALL STOCKS Standard Oil Decision In- terpreted As Important
 Bullish Factor

New York. May 18.-Wall streets in- mediate response to the decision of the supreme court in the Standard oil case was strong and insistent demand for securities, such as had not been witt messed since the dissolution of the Pear son Farquahar syndicate last July. The decision wag interr eeted ~e g most ir,-. portant bullish factor and stocks were advanced with a rush. the important is- sues gaining from to points
 The great Increase in the volume of business was perhaps as important fea- ture Of the market as the advance In prices. In the first hour three times as much business was done as in yesterde v s entire session.
 The days total was 1.oO2, 800 shares. Among the important gains were Union Pacific and General Electric {. Reading SIS. Southern Pacific United States Steel, Westinghouse Electric and Utah Copper and Atchson, LeHigh Valley, New York Central and Amalgamated Copper, American Smelling and a number Of other active stocks or more.
 Star ndard Oil fuctuated back and forth on the curb. selling at one time points above yesterdays close, but losing more than 15 points on the day. American Tobacco was similarly upset closing with a 5-point gain after having advanced 20 points.
 The demand for stocks was more than local. It began last night In the many orders sent from this center to London and was supplemented at the latter place by home and continental purchases. Operations for the European account may not be put at less than 75,oo0 shares, large part of which was later sold here.
 London, May 16--The supreme court decision in the Standard oil case cre- ated little interest or furry in the f1nan- cial interest here, as the result had been generally anticipated. Dealings In stock for some time past have been on the bear side and in the hands of continen- tai and Wall street houses. Brokers, therefore. did not remain in the finan- cial district over night as in times of crisis.
 Many brokers, however, came to the city earlier than usual and trading in American securities began an hour and a half before the stock exchange opened. Initial prices were from half to full point below parity, but buying orders from New York soon strengthened values and with local traders covering, the market dI II O'CLOCK ruleQ Nrm ana Ialrly aCt1Ve and from 1 to points above the lowest and to 11a points over yesterdays New York closing, as follows: Atchison. To- peka and Santa Fe. 114A; Canadian Pa cific, 241%; Erie, 3311 Southern Pacific, 11st; Union Pacific, 1S3%; United States Steel, IS.
 In the afternoon the market became ex- cited on the receipt of strong opening in New York. The advances were accompa- nied by good buying orders and the prices of the leading American shares jumped point, with the tone strong.
 fThe general opinion of the afternoon papers Is that the decision is "theo- retical but probably f'uitless victory for the opponents of the money power"
 The Westminster Gazette anticipates that the oil combination will contrive to continue "as loose sort of federation of interests doing pretty much what the company now does"
 F The Pall Mall Gazette takes a similar view and quotes the report of the com mittee on British railway combinations to the effect that the state cannot force competition between concerns which do not wish to compete"
 Paris. May 16--The financial interests of Paris especially interested in the sit- uation in the United States, received the announcement of the supreme court de- cision in the Standard oil case with a sense of great relief. The opinion did not affect the Bourse.