The Bridgeport evening farmer., 1911-05-16
Special from United Press,


 New York, May 16-Insertion of the words unreasonable combinations. ? into the Sherman Antitrust Law, by the United States Supreme court brought delight to all persons inter- ested in the stock market, today, with the result that after weeks of 1ethargy the Exchange took on unwonted activ- ity. As all indication of the satisfac- tion felt by those most directly con- cerned it was stated by. all of the big brokerage firms that they were flooded with buying orders long before the regular hour of the opening. Many tions remained open all night and were heavy buyers on the London, Paris and Berlin Bourses long before trading was commenced There was a generally. strong tone everywhere in the list with some of the leading is- sues, notably Steel, the Hartman shares and Reading, making decided gains.
 There was difference of opinion in the market as to whether the boom was speculative or the start of. big deal instocks. noticeable feature on the floor was the small amount of stock being traded.
 There was no tobacco stock offered at all in the early hours while the G confined to 11O shares which were dis posed Of at figures that averaged more than three points above last nights S close. It was generally agreed that as a result of the decision of the court the stock will be even more valuable in the future after the changes are completed and announc- ed.
 There has been an undercurrent of feeling that the decision might be of such a nature as to force the steel and some of the other large combina- tions to reorganize. After inspecting the text of the mandate, however. Judge Gary, chairman of the, board of the Steel Trust, and Daniel Gug- genheim head of the Shelter Trust, issued statements that their compan- ies would not be ihterfered with. The result was a strong tone in these market leaders and this, coupled with the demand for the leading railway shares, aided in carrying the list to the high figures.
 Generally summing up the, decision. market brokers said that, while the government undoubtedly won a not able victory in having it's contentious regarding the Standard Oil Company upheld, the effect of the decision would be to continue business within we'll defined limits and the fear of
 
 now entirely done away with
 Washington, May 16-Criminal pros ecutien of the officials of the Stand ard Oil company may follow the de- cision of the Supreme court, it was, today, stated by a high government official. The matter will be taken up by the Attorney General within the next few days. Possible obstacles to prosecution confront the government, it was stated, in the statute of lini- tation, under which the Oil Trust of ficials are expected to claim immunity The government, however, takes the position that the combination was continuing offense up to the time it was ordered dissolved.
 New York, May 16-One effect of the governments decision in the Standard Oil case, and the one in which the public will be most vitally concerned, will be- according to businessmen here who have read the decision, probable advance in the price all oil products to the ultimate consumer. The turn ing back to the original companies of their properties will not make any real change in the ownership of these concerns, it is pointed out. They will still be Standard Oil properties al- though their stock will be distributed among UuIuGIOuS 1HSlcdo of being in the strongbOXeS of the par ent corporation, the Standard Oil Go. of New Jersey.
 This means that, whereas now many of these concerns are united under general management they will, iA the future if the mandate of the court is accepted at it's face value, be operat- ed as distinct concerns. Operating expenses will be increased while there will be no way to compel actual com petition among the companies for trade. To meet the expenses of indi vidual administration, the prices of the products of the various companies will necessarily have to be generally it is believed.
 The modification of the mandate of the lower court, insofar as it affects the individual stockholders, is likely to have a far reaching effect on the oil business. While ostensibly there will be several oil companies in the various markets there is no mandate in the courts which prohibits them working along the lines now prevalent in the steel field. There a gentle mans agreement fixes prices and, while nothing is reduced to writing, prices along the line are fixed at cer- tain figures.
 London, May 16-To all intents and purposes, the Standard Oil Company, according to the English belief, will pursue it's business in much the same manner as in the past There is a.