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Show WALL SMET VIEWS IT 7ifllFAV0n MarKet ; Feels Mnpt!:e; Trading Three Tines As Lars cs- Yesterday. ! 1 KE YORK, My 1. The largest gain of many Booths were msde this morning 'in the stork' market, which in; terpreted the. Standard Oil decision si being decidedly favorable from the Wall, street viewpoint Jh strength aad activity of tha market wsre due also to ao small extent to relief which wss felt that the deciiion bad bees rendered and , that the , aaeertalntv which bad restricted - business . for months was out of the way. Predictions ef increased aetrvitj in the market after ths decision wss announced, an-nounced, whatever it might be, were fully borne out, for in the tret hour mere thss 400,000 -shares of stock were traded ia, three times tbs amount of business done at yesterday's entire session. ses-sion. Activity decreased for af tims in the. second hour, but prices were maintained. - Later there was another surge upward up-ward and large amounts of stocks esaoeed bands st still higher levels. One block of ' T500 shares of United States Steel brought H'j. Commission bouses reported a large influx of outside out-side orders aad the strength, sctivity and breadth of the market gave strik- j ing testimony to the speculative snd investment operations on a large seals. Noon prices were from t to I pointa above yesterday's cloaing figures for the principal stocks., Bonds also wsre trend and active. . The Esropesa view of the situslion seemed hopeful and brokers hers reported re-ported inquiries for Americaa - stocks from Paris, Berlin, Frankfort aad Aa-sterdsm. Aa-sterdsm. The crowd of -traders oa the local stock exchange wss the largest m many weeks, and the business contrasted con-trasted shsrply. with the csution aad' apathy which, existed during the recent re-cent period of srsiting for the decision of . the court. DBOUION BTIFFEKa THB ... . . ,GEM&AX 8T00S KAXKXT NEW TORK. stsy 1 The stock merest mer-est opened strong today, fulfilling the promises' of .tit, earlier transactions on the IjOndon stock eaohanfre. - m the cert a ssle of lot shares of Htsndard Oil waa reported at S?V, -a decline of 4f polnu from yeeteraay'e eloelnf price. The f.n-ersl f.n-ersl list on the exchance remained firm an4 followed the iMd market where tin-tone tin-tone toward the clostni waa f Imos; buoyant. buoy-ant. , . United States ateel m one block of H -esc shsres sold st 77 to 7S, a maalmum Sain of if points. Reeding advanced 2 polnte on severely trsnaat-rtona snd t'nton Psclflc waa up lv The meet sen.Stlonal sln wss shown hy Americsn Tohacco, however, whh-h opened at 17s, a sain or IS points over . the cloelna yesterday, when s dlclalon rn the case atslnet the corporselofl- was expecsed to acoaipany the Stauaard Oil dsclsaua. Amerteaa Trading to London. Much of the heavy trading In the London Lon-don market svss- for New York account. A number ef local Arms eent over orders last night sfter the supreme court decl-elon decl-elon was annuunoed sjtd It Is estimated that the amount of business for Americans Ameri-cans on the London eichance reused from ss.sos to It.ooe shares. Secondary prices were lowers profit-taklnc profit-taklnc sales appealins In smfActent volume vol-ume to set values hack sharply. L". S. Breel reacted a point. The market soon aduated Itself to the lower level snd thee bessn to creep gradually upward with activity Increasing largely on the rlae. Buying, by the short Interest .wss on sn enormous scale snd bull operators took on large Nnes of stork with renewed coftftdvace. - Prices st T 1 o'clock were from a fraction to 1ft above the Initial figures-with I'nloa Padflc ahowlng a rise of X. V. 8. Steel was quoted at Hi, Reading Read-ing at ill and Union FaciAo lSOf. A fce-lure fce-lure of the trading was the strencth (Continued oa bage 10 I WALL STREET (Continued from page 1-) shown by many Industrial properties-American properties-American Tobacco jumped 16 points oe the curb. Balls on Rmpa. Bull operators continued In complete control of ftie market and squeesed the shorts mercilessly. Considers ble additions addi-tions were made to the forenoon ad -vancse tn spots and the Hat showed symptoms symp-toms of ft renewal of extensive pool operations. oper-ations. The usual leaders, U. 8. Steel, Readinr ftnd Union Pacific touched 78. 158fi and 181 respectively. On the curb both American Tobacco and Standard Oil fluctuated with great violence over ft range of from 15 to M pdlnta. The advance waa checked temporarlly-ln temporarlly-ln the late afternoon when the weight of profit taking aalea proved too much for the list to abaorb without breaking ground. Reoessions, however, were only fractional and the list waa rising spiritedly again -at 3 o'clock. t Trading on the stock exchange; slackened slack-ened after noon, hut the high level of prices was fully maintained. In fact beet prices of tha session were then quite general. Tbe short interest was almost entirely eliminated, but resumed operations an a very moderate scale when trading dlmin-lahea. dlmin-lahea. Leading bankinc Interests regarded the opinion of the court as a componmlse, milder In tone than they hat) expected. The early demand for securltlea waa lore genuine and comprehensive than at any time since 'last July. - Business for the first hour was over 400,ftft0 shares. By noon these figures had swollen to over 825.000 shares. The market closed active and strong. Practically the entire list was affected bv further profit taking In the laat hour when prices shaded materially all around. This together with persistent selling of St. Paul and Pennsylvania waa mainly responsible for the setback. Recoveries to the high level were quite general in the final trading. DBCIAKE8 BESTJLT A "VICTORY FOE OOOD T&U8TS" NEW YORK, May 1 The supreme court's decision In tha Standard Oil caae Is characterised aa "a victory for the good trusts" by Henry W oilman, a . prominent New York attorney, who waa counsel for the state of Missouri la its ouster suit against the oil company, "if I am correct In my analysis of tba decision,'' de-cision,'' hs said, In a statement tssned here, "the so called combinations. If they aave led clean Uvea, have gained ft most Important victory, in that tha supreme court has said the test under tha Sherman Sher-man law Is whether or not the purpose and Intent of the successful combination la to blow out competition regardless of tha means employed. The contention of the government la that any monopoly is Illegal, regardless of motive and conduct. con-duct. "The Standard Oil company win not try to evade the spirit of the decision. It will undoubtedly try to lop off those subsidiaries which have brought It under un-der condemnation. It will probably organise or-ganise some company which can operate such of Its proportiles as will not violate the law. "In the future the company will not attempt to do those things which have brought Its recent trouble. In fact, my judgment Is that If It had been judged on Ita record of more recent years. It would not have been found guilty." SUITS BEEIJH. , BERLIN. May 1 Trading was quiet snd prices rather Arm oa tbe bourse today. to-day. The Standard Oil decision was regarded as- lenient and was approved In financial circles. |