Show and COMMERCiAL L WALL STREET I BY D THOMAS C. C SHOTWELL N w York Aug 3 There a.-There There was I practically little trading In stocks stock market cotton grain and even ho tho mining markets wore were re as 9 if It they had not opened London was Vas celebrating cole cele brating a holiday and will wilt bo be closed 01 Monday Monda also The Thc decision fining lining the Standard tan Oil company was as not all public when the market closed It was Impo impossible to I learn arn Its market Importance therefore If It the fine had to bo be o paid Immediately this would c cause a a. sharp decline for thieve there I is ii not that much money available But Dut ft It Is flu understood that thero thOro will willbe willbe be e several years of or appeals and nd the sentimental influence of or it alone will have ha effect Must Obey Olley tho tIm Laws J. From the thc Wall Vall street point of or view law leaving out all aU political and antl ethical points of or view the decision d. means that lint time courts are firc going to do aUttley all aU they have haye threatened to do and this means that the corporations must observe ob ob- ob- ob serve the laws more carefully It means according to Wall VaIl street that that- thata a 30 p period of or conservatism is at hand and antl the lie only problem the tra trader er has hasto hasto hasto to figure o out oOt t Is whether whom present prices have d discounted th the tho situation on Oil the tIle Lenders The Time Morgan people openly admit that hat they do not know The Horn Harrl- man man people say t they y do know that the time conditions have been more than titan discounted The Hock flock Island group which Is IR trying tring to make malic a stock stoel market market mar mar- ket career for itself openly announces that priceD are arc entirely too high Thus the time harriman people are left as 39 the only positive Influence nee for higher prices and It Is IR exactly this group that has been hit by the Chicago de de- de Time The situation fa is therefore an tn extremely delicate te one for Cor stock market market market mar mar- ket traders because with the Rock nock Island people openly bearish the thc Morgan Men Mor gall gan people willing to be hc bearish any change o of sentiment on the p part rt of the harriman people will mean a bot- bot less pit for tor the margin traders Perhaps even Mr Harriman and his is associates have not decided what todo to lo 10 do yet Their o operations Monday and Immediately after will probably give ghe ghen a n cue to their position They have been expecting the decision as is s rendered render ed ll d f for r several se days daS and anti It may be he that their heavy of ot Union Pa Pa- c from down is 18 a preliminary signal to tho the public o of or 1 Prices Clo Am C C. F F. t 4 42 Am Smelting 11 2 11 A Atchison on 4 II 91 91 1301 Amal Copper SL 81 83 t d Anaconda eonda Copper I G-I 55 j 53 rl Brooklyn R. R T. T i Gi 57 67 57 57 Canadian Pacific W 2 f Clues Clies null arid Ohio OlLiO 36 33 33 5 50 C. C M. M I. I anti and St. St P. P im 13 32 l Colo Cob P. P and I. I 3 to 20 4 1 71 l i 7 1 ll O M. M K and T. T T. J. J 20 Je 38 New York Cent iti 1111 N N. Y 1 O. O Sod and nd W IV J 35 4 3 10 National Iea Lead 56 55 53 0 4 CO N Northern Pacific Jt 2201 Pennsylvania I 1 1 1200 Heading l Jl 10 m rs Ral 1 W. W Southern Pacific 89 Union HoJ hId 1453 1451 91 U U. S. S Steel Steel 35 35 4 do preferred 1 1008 11 lo Utah Copper 27 7 28 lenne Tennessee e Copper 37 H fHi r Total snips sales il OO |