Newark evening star and Newark advertiser. [volume], May 16, 1911, LAST EDITION, Image 1

About Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916

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ESTABLISHED 1832._ONE CENT,_NEWARK, N. J„ TUESDAY, MAY 16, 1911. —16 PAGES. FAIR TONIGHT AND WEDNESDAY.
PUPILS
ESCAPE
PANIC
School Building on Fire,
1,800 Hirch from
Building.
‘ __
ONBTJNTRANCE FLAME
. BLOCKED, ANOTHER USED
liferents1Gathered in Yard, Fear
. i . ins That Children Were
' im, in Danger.
t WKIItomi hundred boys and girls,
* <>1ipUs th the Eighteenth Avenue Pub
l<Jle Bohool, at Eighteenth avenue, Liv
! dngsto-i and Boyd streets, marched
(put In perfect order today when the
emergency alarm for the fire drill was
pounded after the tower which em
bellishes one of the buildings was
round to he In flames.
Tho march had little more than be
. gUD when the children knew that the
’ drill they were engaged in was not
merely a best, as the cloud of smoke
which poured from the tower was
I plainly vtdble to them. With the front
•ntreoae on Eighteenth avenue blocked
| by the flames tbe pupils of the school
were marched out in three divisions
! through the Livingston and Boyd
Streets and rear court exits. They
wera held for twenty minutes before
they ven permitted to disperse, and
during that time there was not the
! * tightest Indication of fear or panic
In tbe long Unee. The only source of
confusion was furnished by the par
ents of the children, most of them of
foreign birth, who swarmed about the
grounds after the alarm had sounded.
Shortly after U> o’clock this morning
3ohn O’Brien, the janitor of the build
ing, noticed the odor of gas. He went
to the third floor of the tower, which
adorns the main building, to examine
the gas meter. Superintendent Ervin
Manness find Truant Officer Harry
March started at the same time on a
still bunt for the gas leak. The three
men saw smoke pouring from a tower
window at about the same lime.
O'Brien was sent to turn In a fire-alarm
and Manness to give the school alarm
for the emergency drill.
Engines Companies 12, 6, IS, 20 and
Truck 5, with Deputy Chiefs Sloan and
Morgan, were quickly at the scene. The
orderly drill had almost emptied the
two school buildings before the ap
paratus arrived, so that the task of
the firemen was an easy one. Tho
flame In a closet of the tower was
• quickly extinguished, the damage
amounting to hardly more than $25.
I
Nearly 1,300 ruiitl*.
In the old building, which was built
in 1S71, there w£re nearly 1.300 pupils.
The addition, build in 1900, housed about
500 pupils. Both buildings are of brick,
three stories in height. The horde of
parr -ts and relatives arrived with the
flre-flghting apparatus, but were held
back from the school grounds by the
police.
An examination after the fire
showed that the main joint in a gas
pipe in the closet was detached. This
pipe was used for lighting purposes
until the electric lights were installed
a year ago. Another pipe supplies
the ranges for the cooking classes,
which, however, did not meet today.
UnleSB It is founds that someone de
liberately detached the main joint of
the pipe the cause of the gas leak
must remain a mystery. Nothing is
known of the manner in which the gas
was ignited.
Captain C. Albert Gasser, of the bu
~ reau of combustibles, witnessed part of
the fire drill.
"It was magnificent,” he said. "The
children were under perfect control all
of the time. Tills lire, with its source
similar to that of the Seventh Avenue
School fire, emphasizes the need of a
rigid inspection of the gas pipes and
meters of the public school buildings."
The children, when they were finally
permitted to disperse, were told there
would be no afternoon session. An in
vestigation to determine the cause ol
the blaze has been begun.
NEWARK MAN INJURED;
IN NEW YORK HOSPITAL.
A telephone message was received at
police headquarters today Crum New;
York stating that John Tice, of this
city, living with Chares Wetsel at an
apartment known as Garden Hall,, was
in the Flower Hospital with a frac
tured skull.
The New York authorities are vague
in their report, and give no reason rs
to how the man received his injuries.
It is merely stated that Tice received
the injury in some unknown manner.
BOY FELL OUT OF SECOND
STORY WINDOW; DYING.
Three-year-old Simon Cunnane, of 106
Bowery street, lies In a serious condi- j
tion at St. James's Hospital as a re-;
suit of injuries he received when he
> fell from the second-story window of ;
his father's home. j
He was looking out of the window .
this morning when he lost his balance, 1
filling to the sidewalk. At the hospital
it was found that he was suffering
from a fractured skull and Internal in- j
* juries. There is very little hope for
his recovery.
B. B, Usn Roller*. 1
Blacknet & Doremua Co , 7S6 Broad street.-Adv.
CHARLES E. M'CRAITH,
HEAD OF NEWARK EXEMPTS,
WHO ENTERTAIN CONVENTION. I
I
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V
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I
i
!Weidmann Silk Dyeing Com
: pany, of Paterson, Complains
of $75,000 Loss.
[Special to the Newark Star. |
PATER8QN, May 16.—On tin* claim
that the city of Newark diverted the
waters of the Passaic river to its in
jury. the Weidmann silk Dyeing Com
pany before Judge Black and a jury in
j the Circuit Court is endeavoring to
I obtain damages. Former Governor
John W. Griggs, counsel for the silk
I dyeing concern, claims that the dtver
j sion of the waters continued from He- '
! eember 1, 1904, to December 1, 1910,
i ahd that during that length of time it
: was forced to spend the sum of $75,000
I for other sources of supply,
j Mr. Griggs, in his opening to the Jury,
said that there were others who divert- i
; ed the stream besides Newark, and be-1
■ cause of this Newark would not be i
asked" to pay all the costs, but coni- ]
pensation for the flow that It diverted, j
It Is .charged that Newark dlyortel j
fifty million gallons of water on a daily
average and that the East Jersey,
the Acquackanonk and Jersey City
Water companies, combined, diverted i
an additional fifty million gallons.
Morris It. Sherrerd, chief engineer of
Newark, was tile first witness called i
to the stand by the plaintiff side, fori
the purpose of explaining the system
of water works Newark maintains at *
the headwaters of the Passaic on the j
i Pequannock.
1^4-:. * ■ • Cl* :SS£i5',c*-:US.c*J&S'
I
L_I
Employee of Manhattan Leather
Company Suddenly Disappears, j
Police Are Notified.
<
/-- j
i harles A. Brady, a solicitor f >r the j I
Manhattan Leather Company, of New <
York city, has bean missing since last j
Thursday from the homo of his '
brother, Frank A. Brady, with whom 1
he nia.de his home in tile Plcaslnice <
apartments, 9 Broad tftreeb i1
His sister-in-law and members of the )
family have been making a quiet *
search for him up to last night, when,
fearing he had been taken ill, they :
notified the police.
He left his home as usual ia.-t Thurs
day for his business place, where he
was last seen on Wednesday evening. 1
Mr. Brady was of a nervous tern- 1
perament, and came to this city with *
ills brother from Bloomiic.i less than 1
a month ago. i I
He was a member of Bloomfield i
Bodge, F. and A. M, lie is about live 1
feet seven Inches tall, smooth face, had
dark hair streaked with gray, blue i 1
eyes, wore skeleton eyeglasses, \ derby |
hat and blue suit ami a Masonic but- l ’
ton. I 1
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ASS’T ATT’Y-QEN. GASKILL
NOT YET READY TO TALK. I
[Special to the Newark Star.)
TRENTON, May 16.—When Assistant I
Attorney-General Nelson B. Gasklll I
was asked today for a statement' in | 1
reference to the decision of the United 1
States Supreme Court in which the' 1
Standard Oil Company was dissolved, • !
Mr, Gasklll said:
“I have no knowledge of the opinion J I
except that which 1 read in the news- ;
papers. This is a very important mat- i
ter, and I do not think I should at- | i
tempt to make any statement of any I
kind in advance of reading and study- I i
ing the opinion of the court." He <
added that the department would en- i
dcavor to get an official copy of the I <
opinion at an early date and might I i
then . have something to say.
*
JERSEY EXEMPTS
.I
, . ■ . __
Eighty-three Organizations to
Be Represented at Twenty
fifth Gathering.
MAYOR HAUSSLING TO
WELCOME DELEGATES
Executive Committee Meets To.
night to Prepare Business
for Tomorrow’s Session.
Exempt firemen from eighty-three
uganizalions arrived in Newark thie
ifternoon from all parts of the State
o attend the twenty-fifth annual con
ention of the New Jersey Exempt
•'iremen’s Association.
An executive session will be held at
he headquarters of tlie Newark body,
»3 Springfield avenue, at 5 o’clock,
i’he various committees will meet this
•veiling at the different hotels, which
lave been assigned them, to conclude
heir work for the year before pre- !
ientlng their reports to the convention I
omorrow.
The convention will convene at it)
•’clock tomorrow morning at the
'olosseum. The Rev. Oscar E. Braune.
• f the First German Lutheran Church,
Mil offer a prayer. 'I’he session will
>e opened by State President James J.
Hanning, who will preside. Mayor J
Hanseling will give ai address of vei
:ome.
The reports of th^ committees on all
natters affecting tile welfare of the
Rate organization will be the next .
•tislncss of the convention, followed ;
•y e election of officers for the en- !
luing year.
-May Change Cunstllmlon.
The State exf . ,ive committee has ,
lad under advisement some nvn^r. 1-i
nents to the constitution and by-laws,
riu . will be discussed and acted upon.
Senator Silzer. of Middlesex, may ad
iress the convention. Benediction will
ic offered ibv the Rev William L. Sie
jert, of the German Luther u Church.
The business of Hit convention end
'd, a dinner will bo tendered the dele
gates at the Colosseum, starting at
1:30. Covers will be placed for 600.
The parade will start at 3 o’clock,
Lhe divisions foriping on Park place,
East Park street, Centre and Recto1
<(.'oii1iuti?'l on Scvenll) p«rp.)
v
REBELS CAPTURE |
Hidalgo’s Capital Surrenders j
Without Bloodshed—lnsur»
rectos Blow Up Buildings.
MEXICO CITY, May If..— Following
jnc of the momst audacious deamnds
nade for the surrender of t city since
;he beginning of the revolution, Pa
■hui a, 40,000 population, capital of Hi
lulgo, sixty miles northeast of Mexico
'ity. is today in the hands of rebels.
Mmost at ihe same time they t >ck
louseSsinn of Tulancingo. the second
'itv in the State and near Pachu.'a.
rills gives them control of the State.
The capture was effected without 1
Ightlng, the invaders swarming into
he city from surrounding hillsides cod
aking possession of the government
mlldlnga without a shot being Pred
Yesterday there was promise that ;
Oder would be maitained, but when !
he government authority had been re- j
.laced by that of the revolutionisis \
rdcr gave way to license.
During last night many of the labels j
telped themselves liberally to the sa- I
oon supply and. half crazed, were soon |
ut of hand. The orders of their com- ]
nanders were defied. The rioters ran j
hrough the streets shouting and shoot- |
ng promiscuously.
The peaceful inhabitants were terror-!
itrieken and hid themselves in their j
lomcs, liarring the doors and and !
vindows.
After a little the lawdessness took !
he form of robbery. Charges of dyna- 1
nite were placed under the walls of j
he banks and exploded. Wherever en- j
ranee was effected, the banks were
ooted.
The rioters then turned their gtten
ion to the commercial houses, which
vero robbed of such of their stocks as
he mob wished to carry away.
One of the llrst acts of the rioters
ias to force the doors of the jails and
elease the prisoners. Much of the
ubsequent lawlessness is attributed In
he convicts thus made free.
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URL IS RETURNED TO
JERSEY STATE HOME.
Elizabeth Bo.vlan. 20 years old. who '
.scaped from the .State Home for Girls
it Trenton several weeks ago, was ar
ested by Plalnelothesnien King and
Smith, of the First Precinct police sta
ion, and will be turned over to that
n8titutlon today.
The Boylan girl stated that she had
i desire to see her mother and could
lot resist the temptation to escape,
vhen she was allowed a bit of free
lorn. She said she tried to avoid the
.ffleers, but was hungry and had to
let something to eat. This led to her
apture, for she was arrested Just as
ihe emerged from a restaurant on
’lane street.
. /
CHARLES W. BROWN, WHOSE
PROMISING CAREER DEATH
HAS BROUGHT TO CLOSE.1
■■MUMIMI 1111* Mill II Mil MJN • * I
bishop mm !
Tells Episcopal Meet Hope of
Church Is in Planning
Large Things.
m-++++'l"{-4"H,'t’+++++4"M-++4"W' i
| PITHY POINTS MADE BY f
£ BISHOP LINES IN ANNUAL J
ADDRESS AT CONVENTION. |
J ‘Three great movements have 4
4 the attention of tlie religious 4
•S world.” T
4 “New interest in missionary 4
■b work is the first of these.”
•Jt T
4 “The second great movement +
+ is that which makes for Chris- +
J tian and church unity. * * * 4
4 Differences nmong Christian poo- 4
4< pie are unworthy of those who T
T bear Christ's name.” 4
T “The third movement makes T
x for ihe recognition of social oh- 4
X ligations—-the modern application 4
4* of 'ihon shalt love thy neighbor j
T as thyself.’ ” 4
4- “The desirable parishioner has J
T been too often the man who ooulil 4
4 pay for a high-priced pew or 4
+ make a generous subscription.” T
X "Our women are much at fault 4
4< in wearing theh finery in the j
J house of God and in using it for 4
4 a place of display, so that the 4
4“ women who are doing the really T
4 serious work in the world cannot 4
X he comfortable in them.” t *r
t . “We think we need more money X
4 but we need more religion.” 4
TTT t i t • • i • • • i r » * r ri i • i » • • •
At tile opening of the thirty-seventh
annual convention of the Newark Epis
copal diocese, the Right Rev. Bishop
Edwin S. Lines this morning delivered
his convention address before two hun
dred and fifty ministerial and lay dele
gates at Trinity Church.
The bishop's speech was preceded
by the solemnization of holy commu
nion at 10 o'clock. Bishop Lines offici
ated. He was assisted by the Rev.
Louis Shreve Osborne, rector of Trinity
Church; Archdeacon Frederick B. Car
ter, of Montclair, and Archdeacon
James A. MeCleary, of Dover. The con
vention was opened at 11 o'clock, after
the religious service. It will las; two
days.
After Bishop Lines concluded his
speech at 12 o'clock the convention pro
ceeded with official business. The secre
tary, the Rev. John Keller, read ten
names of the roll call to comply with
the requirements of the constitution.
Archdeacon Carter reported for the,
committee on rules. The committee on
the' rights' of clerical members w as
elected as follows: The Rev. John S.
Miller, the Rev. C. E. Hutchinson- and
Edward B. Camp. The committee on
the rights of lay deputies, the Rev
Barrett P. Tyler. A. E. Barlow arid
E. G. Welch.
As secretary, the Rev. Mr. iteller was
unanimously reelected.
"Twenty-five years ago today." he
said afterwards to a STAR reporter,
"I sat in that pew over there for the
first time. And I have never missed
five minutes of the annual conventions
since that time."
He commented upon the absence of
the Rev. Dr. George S. Bennett, who
was away for the first time in twenty
four years; the absence of Dr. William j
N. Hughes and that of the Rev. Will
iam W. Holley, who was the rector of
Christ Church. Hackensack, for forty
years and who retired last year. These
were the most conspicuous of the ab
sentees.
The llev. William T. Lipton was re
appointed assistant secretary by Mr.
Keller.
The committee on finance was reap
pointed. The committee on constitu
tion and canons asked that its report
be put over until later in tile session.
The following were elected for th
committee on constitution and canon;
The Rev. Dr. Joseph N. Blanchard, the
Rev. Edwin A. White, the Rev. Walker
Gwynne, the Rev. Charles T. Walkley, I
the Rev. C. W. Reverent and the Rev. j
William R. Howe.
For the Board of Missions the fol- !
(Continued on Ninth Pace.)
#S.', BROWN,
ASSEMBLYMAN, IS
CALLED BY DEATH
Had Been Sick for Long Time, ;
but End Unexpected
So Soon.
DESPITE ILLNESS WAS j!
ACTIVE IN LEGISLATURE
Took Important Part in Fight I
for Osteopath Meas«
ure.
Assemblyman Charles W. Brown tiled ;
at his home in East Orange at 8 |
o'clock tills morning. Mr. Brown had
been ill for a long time, but his death!
so soon had not been expected.
After going through a strenuous po-1
litlcal campaign last fall, Mr. Brown i
was able to regularly attend to his
duties in the Legislature for about half
of the session; then his health com
pelled him to remain at home for sev- j
era! days at a time. Toward the latter'
part of the session he was unable to be j
in attendance at all till the last day.
when he appeared unexpectedly in the
House and walked down to his seat.
Various reports had been In circula
tion as to the state of Mr. Brown’s
health, and when the assemblymen
saw him that day going to his seat
there was a spontaneous outburst of
applause.
His election to the Assembly was his
advent into active politics In New Jer
sey, but before coming to this State
he had taken a live interest In the poli- !
tics of his native city of Worcester, i
Mass.
He served on the House committee i
on bill revision, on the committee on j
unfinished business and also was on the i
House end of the public grounds and
building committee.
.Votive for Osteopath BUI.
The first osteopath bill of the session, j
which caused a big stir at Trenton last '
winter, was introduced by Mr. Brown.
It was strongly opposed by the phy- ■
sielans, who had a bill of their own '
for the regulation of medical practise.
Mr. Brown took a personal interest in j
the osteopath measure, and although
on account of his illness his efforts to j
put it through the House were aban
doned, it was largely due to his mis- I
sionary work that the measure finally !
got through the Assembly. Assembly- j
man McGowan had taken up the work !
in behalf of the bill where Brcwn left :
off. Brown Introduced several bills in
the House relating to Essex county.
Mr. Brown was born in Worcester, ;
Mass.. J'une 2, 1870, and received his ;
early education in the public schools j
of his native city. He became a travel
ing salesman for the Rogers Silver
Plate Company ns a young man, but
in recent years lias been traveling for
the New York and Brooklyn Casket i
Company.
Mr. Brown Is survived by his wife, :
Mabel Alberta Brown; two sisters,
Anastasia and Mary E, Brown, and a i
brother, John, all of Worcester.
At his bedside when he passed away 1
this morning were his wife, one of his j
sisters, a nephew and Dr. Harrington,
the attending physician. His relatives
in Worcester were informed of his;
serious condition last Friday, when he
had a severe setback. He had gone out. |
for an auto ride Thursday, but was so
weak on his return that he had to be j
carried Into the house. The next day
he grew worse.
Mr. Brown was a member of Lodge '
No. 1, New York, of the Elks. He also
belonged to the Holy Name Society of ;
the Church of Our Lady Help of Chris
tians, East Orange; to the East Orange
Democratic Club, to several assocla- ]
tlons of commercial travels, and to the j
Hyde Park Improvement Association, |
of East Orange. He went to East Or- I
ange to live in J903.
The funeral will take place Friday'
morning from the Church of Our Lady i
Help of Christians, Main and Clinton j
streets. East Orange, at B o’clock.
NEW ZEPPELIN
DIRIGIBLE, MANY
ABOARD,WRECKED
DL’SSELDORF, Rhenish Prussia, j
May IS.—After a career of six weeks;
the Duetscliland, Intest of the models;
of Count Zeppelin’s ill-fated dirigible
balloons, stranded today on the roof!
of its shed, a total wreck.
Fortunately the crew and passengers;
escaped injury. The accident occurred
as the Deutschland was being released j
for a passenger trip. Right persons, '
four men and four women, had seated '
themselves comfortably in the cabin. '
the crew were at their posts and ^00
men on the ground dung to the guide
ropes as the powerful eraft slowly
emerged from her berth and under
pressure of over a half million cubic
feet of gas, struggled to be free.
Just as the airship cleared the shed
a violent gust of wind drove her back
against the entrance. At the impact
several of the balloonettes burst und
the released gas destroyed the equilib
rium. The army of men at the guide
ropes clung on desperately-, but were
powerless against the wind, and an
other gust lifted the airship bodily,
and she dropped over the roof of the
shed, her back broken and her hull I
left dangling over one edge. In this
position the crew and passengers, rude
ly shaken, but not seriously injured,
were left helpless until a fire brigade
ran their ladders to the top of the
balloon shed and pulled the marooned
ones out of the wreck.
OIL TRUST READY
TO OBEY SUPREME
COURT’S DECISION
Stocks Buoyant at Opening of Market, Even
Standard Oil Recovering Early Losses
and Making Slight Gains.
REORGANIZATION PLANS WILL NOT BE
ANNOUNCED FOR SEVERAL WEEKS
9il Company Attorney in Statement Says He Has
Received No Notice of Court's Action,
Except Through the Newspapers.
NEW YORK, May 16.
WIDELY divergent views concerning the effect of the decision of the
Supreme Court in the Standard Oil case on other corporations are
being expressed on every hand. The present position of the great
monopoly is not exciting a tithe of the interested speculation which the
farther-reaching phase of the order to dissolve has excited.
Officials of the Standard Oil insisted today that they have no present
plans of reorganization and that the company purposes to obey the law.
About the interpretation of the word “unreasonable” as qualifying “restraint
of trade” the discussion rages. There are those wiho maintain that the Su
preme Court has trespassed upon the function of Congress in injecting this
word into the decision. Many financial experts maintain that the use of
this word furnishes a loophole for corporations who are not obeying the
letter of the lav.
Some of the opinions voiced today show how far from agreement are
many leaders of political thought in this country.
The Standard Oil Company has insisted throughout that no plans had been
formulated in advance of the decree, and the statement made today by Morti
mer F. Elliott, general solicitor for the company, takes the same attitude
He said:
“Having only before us the press reports of Chief justice White’s oral
opinion and the remarks of Justice Harlan, and not having yet seen the
opinion of the court in full, it is impossible to make any lengthy statement.
The full opinion must be read and studied by my associates and myself be
fore it can be intelligently dealt with.
“It may, however, be now said that the Standard Oil Company will obtv
the decree of the court, and that all the companies embraced in the court-',
decree will carry on their business as usual under the. direction of their ow n
officers and through their own corporate organization.
Criminal Prosecution May
Follow Court's Decision
WASHINGTON, May 16.—Attorney-General Wlckcrsliain may consider
criminal prosecutions of the officials of the Standard Oil Company. It was
learned today that some of the officials of the government hold that there s
oi>portunity for such a proceeding under the decision given by the Supreme
Court yesterday.
What position the attorney-general will take is not known. It Is said that
in event that the oil trust officials should plead immunity under tlv statute of
limitations, the government could toke the position that the combination, in
restraint of trade, was a continuing conspiracy until the moment the court or
dered it dissolved.
There is no authority for the statement that the department of justice is
formulating criminal proceedings, out such action Is one of the features ”f the
aftermath of the case which may be considered.
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| SUMMARY OF DECISION T
I IN STANDARD OIL CASE. $
J - |
4 The United States Supreme ?
f Court holds: T
T That the Standard Oil Com- J
4 pany is a monopoly In restraint 4
t of trade. +
J That this Biant corporation 4.
X must be dissolved within six 4
r months. T
J Corporations whose contracts X
4 are "not unreasonably restrictive *4
j of competition" are not affected. T
J Other great corporations whose 4.
4 acts may be called into question jj*
j will be dealt with according to T
t the merits of their particular 4
4 cases. j
t The court was unanimous as J
4 to the main features of the de- 4*
* cision, Justice Harlan dissenting +
T only as to a limitation of the ap- 4
£ plication of the Sherman ahtt- 4■
t trust law. j
j President Taft and cabinet will 4.
I consider immediately the entire +
+ trust situation and the advlsa- T
4 blllty of pressing for a Federal 4.
4 incorporation act. *r
4 * 1
HH++,1"H'+++'H"H‘++’H'+'H4++
■ ■ --- • ■■ *
NEAR-PANIC, BUT NO HURTS
CAUSED BY $1,500 BLAZE.)
Fire that caused about $l,a09 damage)
was discovered in the rooms of Jacob \
Fischer in the three-story tenement 1
house of 302 West Kinney street today.
Atthough, on account if the early
hour, it caused considerable excite
ment, no one was hurt and the damage
was confined to the first fljci.
At about 5 o'clock the attention of
the Fischers was at tract jd by smoke
issuing from a bedroom. They alarmed
the other tenants, and a passerby sent
in the alarm. The cause of the fife is
unknown.
SECRETARY'S BOND ACCEPTED.
OCEAN CITY. May 16.—The new
ernnd of Lewis E. Smith, secretary of
the Board of Education, in the sum of
12,000, has been accepted by the board,
bn the bond with Mr. Smith are Mayor
'resse and City Treasurer Robinson.
MARKET GOES UPWARD;
STANDARD OIL STOCK
MAKES SLIGHT ADVANCE.
__ \
NEV\ YORK, May lfi.—The Su: re lie
Court decision in the Standard Oi!
case paused an awakening of the sto k 1
market from its long period of ina.J^w
lty. and prices went upward with .,
rush at the opening today. Ufclus
ranged from large fractions to nearly 3
points, and the market was very active.
Standard Oil opened on the curb at ,T?n,
a loss of 4%. points, but a few minutes
later more than recovered the lues, sail
ing at 680.
On the stock exchange (here wars
wide openings in several of the more
active issues. U. S. Steel opened with
sales of 15,000 shares at from 77 to 78,
■with a maximum gain of £14. Reading
sold from 16SVi to 15714. gaining 2 points,
and Union Pacific advanced the sama
amount on heavy dealings. Other gains
were: Virginia Carolina Chemical 204,
International Harvester 214, Genetal
Electric and Consolidated Has 10.,, 17. s.
Rubber and Lehigh Valley 114. South
ern Pacific 114, Atchison l's and North
ern Pacific. Delaware and Hudson and
Amalgamated Copper a point.
The general list on the exchange re
mained firm and followed the London
market, where the tone toward the
closing was almost buoyant. United
States Steel In one block of 15,00ft
shares sold at 77 to 78, a maximum
gain of 2’t points. Reading advanced
2 points on heavy transactions, and
Union Pacific was up !•%. The most
sensational gain, however, was shown
by American Tobacco stock, which
opened at 175, a gain of lu points over
the closing yesterday, when a decision
in the case against that corporation
was expected tu accompany the Stand
ard Oil decision.
Much of the heavy trading in the
London market was tor New York ac
counts. A number of local firms sent
over orders last night, after the Su
preme Court decision was announced,
and it is estimated that the amount of
business for Americans on the Lou
don exchange ranged from 40,000 to
73.000 shares. The European view of
lContinued on 8f,entl, 1’ase.t