The Bridgeport evening farmer., 1911-05-16
STOCK MARKET PRICES
 ADVANCE AS RESULT OF
 STANDARD OIL DECISION
Business interests Generally Pleased Over
 Supreme Courts Action

The Pail Mall Gazette, William Wal dorf Astor's paper, calls the decision "a theatrical but fruitless victory for the opponents of the money power.'S
 "As far as the consumer is concern ed.'' it says, we do not expect the decision to make a. hairs breadth diff ference The decision, however, marks the beginning rather than the end of the struggle.
 The Westminster Gazette says it would mot be surprising if the trust continues as a loose Federation. The difficulty is the State cannot compel companies to competesif they are de- termined not to do so.'
 ''The government has won only a pyrrhic victory the Globe asserts. Ut is true that the trust is to be dis solved but the governments main ar gument is held to be unsound; name ly. that all concerns that monopoiize the field are combinations in restraint of trade. The decision is mainly in favor of the trust idea. The dissolu- ton in compliance with yesterday s verdict will be more or less nominal"
 The Star congratu1ates the reform CTS behind the American government on 'the heavy blow against Rockefel- ler's pirate empire" but it warns the government against expecting too much from the decision. s'The Stan dard oil has Intellectually dissolved before" it says.
 London, May 16-The London stock market opened with absolutely no ex- citement manifested. Early quota tions showed irregular changes in prices but in no case were they much below last nights New York close. The general undertone of the market was strong Steel Common was off 5-S; Southern Pacific off Is and St. Paul and Union Pacific off 3-4. Steel preferred, Canadian Pacific, New York Central and Atchison were up Is. There was no heavy trading.
 As the morning advanced, prices rallied all along the line. The bears. who had sold early in anticipation of a decline, rushed to cover and there was distinct support of all American securities in the United States. There seemed to be a general feeling of con- fldence
 In sharp contrast with the inactivity shown byl America following the rate decision New York was a heavy buyer here today, taking 75,0OO shares of American stocks prior to, the New York opening. Many brokers kept open all night to handle the buying orders.
 Toronto, May 16.-s'The Standard Oil decision is disappointing" said William Jennings Bryan, today. At first appearance it would look as if the government has won a victory but as a matter of fact the decision will bring great joy to the trusts be- cause it reads into the law a word which to a large extent nullifies the antitrust law.
 ''The trusts have been trying for years to secure an amendment to the antitrust law which would limit the law to unreasonable restraint of trade. The Supreme Court, in this decision, has virtually amended the law so as to make it necessary to prove not only restraint of trade but unreasonable restraint. The dissent ing opinion of Justice Harlan points out very forcibly the far reaching ef- feet of this decision. It will now be necessary to secure Ian amendment 10 the antitrust law to make it worth anything"
 New York. May 16-The Standard Oil Company will obey the decree of the Supreme Court. This was the statement, today, of M. F. Elliott, chief counsel of the company.
 Not having yet seen the opinion of the court in fulI,'' he said, ''It is ment- The full opinion must be read and studied by my assistants and by myself before I could intelligentIv deal vi tn it. It may now be said, however. that the Standard Oil Com pany will obey the decree of the court and that all the companies em- braced in the courts decree will car ny on their business as usual, under diectiOn of their own officers and through their own corporate organ ization."
 New York, May 16.-Opening.- The way the stock market construed the Standard Oil decision was shown in the urgent demand for stocks at crease in the amount of shares avail able for trading purposes with the re- suit that general advances were in order, ranging from substantial frac- tional to more than two point gains. Northern Pacific, Lehigh Valley, Reading, Steel Common and Prefer red, were in great demand Steel Consolidated Gas and General Elec- tric. Union Pacific sold $500 shares 179 and 179 F as against last nights close of 177%
 II a. m-Although a little recess sion occurred after the early trading it did not last long, all of the stocks supplied being quickly absorbed Afterward the tone approached buoy ancy and further gains wefe made in the majority of the active stocks. The volume of these was phenomenal, with sales of 100000 shares in the first, hour.
 Government bonds unchanged: oth CT bonds strong.
 Noon.-There was no slackening in the demand for stocks in the last half of the forenoon