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Show Southern Pacific Stocks and Bonds Take Decided Jump NEW YORK, Dee . Southern Pacific s-hares rose 14 points and its 5 per cent convertible bonds 7 to 8 1-2 points at the opening ot today's stock market on announcement that Attorney General Palmer had de dded not to press the oil lands case , recently decided In favor of the South- ! ern Pacific company. The case cov-j ered 160, Ofln acres in naval reserve petroleum district No. 1 in southern ("nlifornia So great was the rush to buy and cover short commitments in Southern Pacific stock that it was almost 15 minutes alter the session began before be-fore ihe first official quotations were recorded These comprised a block of 20,000 hares at 104 to 108. followed by 500 1 Bhares at 101 and 200 at 109. Numer-OUS Numer-OUS exchanges of small lots then fed j lowed at 105 to 107. The convertible B per cent bonds which closed yesterday at par chanced hands in lots rancin irom JlU.uuo to I $40,000 at 107 to l"s 1-3 associated oils In which tho Southern South-ern Pacific company has large inter ests rose 13 points within the first hour. |