Show GOLD DECISION MARKET By ELMER C. C United Tress Press Financial Editor NEW YORK Feb 18 The 18 The nations nation markets today greeted the governments government's govern ment's ments gold clause victory with bullish demonstrations reminiscent of the days before the 1929 crash Stock trading after the decisions ran at the rate of nearly shares for a full day Tickers fell behind 11 minutes as orders to buy poured in from all sections Bonds and commodities were correspondingly corresponding corresponding- ly active Grain exchanges v er closed because of the inrush of buy ing orders traders were unable to execute speedily The decisions caught market oft guard Traders had expected los less than a complete government victory Stock exchange officials stood by by- tc close the markets if prices collapsed When the decisions were announced the stock floor resounded with cheers Then brokers and traders set to in the most active dealings in many months Railroad shares were the best per performers formers Atchison jumped lOVi points from its low of 42 and others othen made corresponding gains Union Pacific 98 fc 08 to tip p 6 points New York Centra from 16 16 to 20 up 4 Great Northern North North- em ern from 13 to 17 U up 3 and Bat Bal Ohio 10 10 to 15 up 4 Railroad Rail Railroad road bonds were up 1 to more than J points The carriers were in demand because be cause they are exceptionally larg argo issuers of gold clause bonds Had th the court ruled payment in gold of railroads would have been forced into inlo receivership observers said Announcement of the ruling set ret off of heavy short covering in gold and sil silver silver sil- sil ver issues and sent thorn them soaring U S. S Smelting spurted from its low o ot to where it was up 6 points McIntyre Porcupine rose points from its low of 41 Othen gained correspondingly After the first spurt there was a slowing down of operations and prices receded from the highs Toward the thi close another rally was in progress Dozens of issues made new high for the year or longer at sharp ad ad- vances Utility gains were relatively small and not well held Steel shares were whirled up sev several oral eral points with U. U S. S Steel 38 i up 23 points American Telephone Tele Tele- phone reached 1061 up Amer American American ican Can up 3 3 Allied Chemical up Atchison 52 up 8 points net Case 63 up 6 i ContInental ContI Continental Can 73 up 4 Du Pont 99 up 4 and General Motors 33 u up 1 v |