The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-19
ALI STREET
/ IS GUESSING
GERS Being Made as to
neither Trust Decisions viii
Be Handed Down Monday.
rANDARD OIL TO LOSE;
VICTORY FOR TOBACCO
|nside Information" Unrelia-
bic and the Brokers Figure
Out Result.
,sas WIRE to The Tribune.


rEW YORK, March 1S.-Wall street
A that part of the country which
q its cue from what Wall street
1 spfl again be on the oui vive Mon
far the supreme court decisions In
. Standard Oil and American Tobac-
s1Bea
'ifh business at the lowest ebb In
"a veays stock exchange members
& found q paotime in betting on
result of the decisions. Not only
but they have laid wagers every
<rday on the proposition as to
|rfher the decisions will come that
Ia OF not.
'ecently the betting has been at long
a IN favor OF an opinion against the
&odard Oil company and with even
4 that the decision in the American
|brcco case would be favorable. To
a this ont there have been advances
Tobacco stock, while Standard Oil
been going down.
nv broker in Wall street would
q his years commissions to know
edvance how the supreme court will
de either one Of these cases. But
( futility of guessing over the ac-
a of the supreme court OF of trying
rst advance informa tion of its ver-
- is well recognized after years of
5eayor to secure the quickest news
IDLE when important cases are
ding.
tsInside Information No Good.
"a the past thousands of dollars have
|rn sneut IN this way and the money
i been wasted, for. more often than
4 ssinside information has been
1trary TO actual facts.
This was the case when the inter
|te commerce commission recently an
need it would give the railroads 30
.rease in rates when every one had
10lnte knowledge from highly-paid
@nts in Washington that the western
ia would receive from so to rs per
ID Of what thev wanted, while the
sferR roads would get so to 80 per
q Of their renuests.
Then the presidents messages are to
1ead Wall street generally has way
hiding out their main contents three
|<s 10 a week before they are issued.
teu publicly delivered their stock
1rkot effect is nil, as it has been dis
M|UL6N- Ib 1DsOlulc SGClStY lEGiC-
ID snrrounding the opinions of the
Estate comm cree commission in the
|iQht cases paralyzed tho financial
rifk whose sources of information
ID Always been the best IN the com
lawyers Make Guesses.
d weeks a number OF the large
6kerage houses have retained the
Ices of corporation lawyers familiar
n The supreme court to pass on what
n thought the outcome OF the de-
6ns might be. These lawyers ct
1ded the hearings in Washington IN
mary and have since studied care
III the elaborate briefs presented by
y sides and which are said TO cover
II 10000 pages of testimony 1t is
IL these lawyers that most of the
<5es now beinp made at the decision
Ie Il will soon be known whether
not large retalners paid for these
nee opinions are worth while.
be last big case which the supreme
|t decided against the Judgment of
y street was that in the S0-ceDt gas
which the Consolidated Gas com.
4 NJ lost. Hero the Judgment OF paid
#|<1 t-bl Ia" Clio isiN SCtu IAob vi,
pAny would win its case. There
y been Considerable buying of the
<k as q consequence.
! One Good Guess.
he fat decision against the com,
N brought on temporary panic in
5tock market in which Consolidated
dropped about 80 points IN a few
B An hour before the decision
"a had been some selling from
ahington. This was understood to
been started by lawyer who had
~ listening TO the decisions being
rded down by the supreme court
day and in one of which point
I!ar to the main point in the Con.
lated Gas case had been decided
nst the company. This gave him
mixing Of what the verdict in the
case would be when rendered.
aborate preparations have beer
e for getting first word of the bic
lions from the court chamber. The
associations control the situation
and other folks who have tried
Pgt IN wires or to hold long-distancC
/ Pnones open have been rather curtly
sfed a lead of minute in the
Tor this first news of the decisions
'a mean many thousands of dollars
Pfonc to the broker who held it.