Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-05-17
New York stocks.

New York stocks.
New York, May l6.-Immediate
response TO the decision of the Su'
prcmo Court in the Standard on case
was a strong instant demand for se-
curitios such as had not been witness
ed since the dissolution Of the Pier
son Faruarhar Syndicate last July. The
decision was interpreted as mos, I'm.
portant bullish factor and stocks were
advanced with rush, Tho impor'
tant issues gaining from 2 TO points,
The days total sales were 100000
shares, Among the important gains
were Union Pacific Reading 3 Is,
Southern Pacific, u. s steel, Wesing
house Electric, Utah Copper, Atchi
son Lehigh Valley New York Central,
Amalgamated Copper American Smelt
ing and anumbcr Of other active stocks
Standard oil fuctuatcd back and
forth ON the "curb'. Selling at one
/ time g points above Yesterdays close
|Hut loosiug more than 10 points on the
day. American Tobacco was similarly
upset, closing with five points gain
after having advanced twenty points
| Operations for the European account
is estimated at $4,000 shares.
Belief that the uncertainty that has
restricted business for so long was
ended perhaps as much a market fac
tor as the nature Of the decision itself
Wall street views the decision as un-
|mistakably favorable for corporations
/ that fall into the class OF tho so.called
trusla Trading 1 nhonds increased
with that In stocks ana the bond mar
kot wa sactlyc and strong. Total sales
par value, 5,2GIOOO United States
bonds were unchanged on call.
Chicago Grain.
Chicago, May lG-W Wheat price,
sank in the last half of the session
today The decline was coincidon
with talk by prominent operator
that crop prospects In this country
could hardly be better and that a fal
Of ten cents a bushcl of present valu,
might easily take place. Closing fig
urcs were the same as last night viii
"a cents down, According to tn,
bear argument, II the present whea
prospects were harvested decided
fan in quotations could hardly be cs
caped The idea was advanced tina
II the growing crops In France shouI,
prove an average yield the resul
would he lOO,O0OOO0 bushels les
demand on other countries and tina
the United States has not yet been
called upon to supply any lmportan
amount to France though the Call,
shortage has been severe.
Price changes for July ranged from
SSh to X to S9% with the clos
steady n to a off OF SS%. Incraes
ing country sales gave an easy tone L
corn. July fuctuated between 81 \
and 62&, closing exactly the sam
az last night. No yellow finlshe
at "a to 54&. oats closed no differ
ent from twenty-four hours before.
New Orleans Cotton.
New orleans, May lG.-Spot cottol
firm, 1.16 higher; middllng, 10 9.16
low middling. II Is, normal; ordinar
l12 1916, normal; low middling,
1-1G; middling. 10 GIG; strict mid
ding, 10 1916; good mlddlinR,
cents; middling fair 10 718 faII
IN 316. Futures opened steady at al
advance Of to points. This lnltla
rise was due to n better future mar
ket In Liverpool than was expected
The market was steady throughout tn
morning session. At noon the list wa
II TO IA points over Yesterdays close
In the afternoon the market was dul
but steady. July was put up to 1888
a new high level for the season TIL
market closed steady at a net advance
of to 13 points.
New York Cotton.
New York, May 16.-Cotton spo
closed quiet. MlddlnR Gulf, 1920
Closing bids; May, 1866; June, 1875
July 1881; August, 15.41; September
13.GS; October, 1914; November
1903; December 1895; January
1905; March, 1911.
81. Louis Cotton.
st. Louis, May 16.-Cotton unchan