The evening world., 1911-05-16

Of a point. where tho largest gain went
to / is, based upon the figures for trad
ing in London at 2 r. NJ. which cor
responds with 9 a. NJ. in New York.
This condition folio wed ail-night ses-
sions in many OF the uptown Offices, IN
which spectators sought to get n line
IN tho rambling possibilities OF the day.
There seems 10 have been no furry and
no uneasiness, or even concern, I'm cir
cles where the gambling feature is not
at all times paramount. The real busi-
ness clement did not waste any time In
guessing.
The 2 o'clock prices in London, az
ter trading had been In progress for
four hours. showed Atchison up ls,
Canadian Pacific lik. Erie first pre-
fcrred /. Southern Pacific /. Union Pa
cl6c IL. n smaller gains all along
the line, notably in railroads.
See Chances for Rate Agreements.
Indeed. there was found IN many bro
korage offices the idea that the dis
tinction made by the Supreme Court
rs between reasonable and unreason-
able restraint Of trade offered possi-
bilitlcs for railroad traffic aud ate
agreements which would come under
the heading OF reasonable restraints
and which would not be interfered
with By the Government. This was
assigned as the reason for the strength
OF railway shares.
In addition came the news that n pub
~lication had been made In the Paris
Journal which was accepted as notice
OF the intention OF the Paris house of
J. II. Morgan n Co. to make APP
plicatlon for the listing OF Atehison on
the Paris Bourse. This news showed
that the activity OF tho financial inter-
ests was directly rather IN the way OF
making new and stronger markets thar
toward the depression OF any line
as a reflex action TO the decision.
Standard oil stock. which ls only
sold on the curb. offered the most in
terestlng study Of the day. Curb
brokers were excited" over the open
Ing and all of the excitement material
lied la -four transactions during the
first FIVE minutes. involving n total Of
hfty-nine shares OF stock and a cash
valuation OF exactly 1885,. as com
pared with n total capital valuation Of
more thnn sGco. 600. 900.
d34 Loss on SO Shares.
r. A. Ackcrmnn of the nrn OF r. a.
Ackerman y Co.. recognized as the
agents OF the oil circle. bought all
OF the stock that was offered. The
offerings OF Me excited first fve min
utcs were. In their every narrowing
detail.
/ share. NJ 67s. worth............. s6w
. shares, az eos, worth."........... 1915
3 shares, NJ ca. worth.--......... 2.OSl
10 shares. at 67j. worth.".."....... 1880
a total trading OF nfty-nlne shares.
worth 1855.
The closing price OF yesterday was
6Ig.. and the loss" shown by the
transaction. taking the low as the
basis Of to-day. was An points.
American Tobacco showed no furry.
for the very simple reason that nobody
offered 10 unload any stock. II closed last
night at 40. and Vas quoted to-day at
the opening at 46l and +,5. without a
share being used sas the basis for the
quotation.
While the curb trading In tho early
hours only represented u total OF ITO
shares. II fixed a sensationally high price
for Tobacco stock. II reached ass. q
gain OF twenty points. q sain over the
low OF the last week OF thirty-fve
points. The record high price OF the
stock was reached in lyO6 when 1t sold
for 5l3.