Buoyant stock market opening after court ruling
New York shares rose after United States Steel’s acquittal of alleged illegal acts, with heavy activity in Steel and leaders like International Harvester and American Can. Markets in Philadelphia and Chicago showed mixed gains as traders priced in cautious optimism.
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U S Steel leads market buoyancy after government suit ruling
New York stocks opened with bullish fervor as United States Steel Corp wins dissolution case. Early trading saw about 55 000 Steel shares pass hands, with others like International Harvester American Can and Distillers rising then giving back gains as the market turned cautious.
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Steel Trust Decision May Be Carried Higher
The Federal court ruling against the government in the steel corporation suit was reviewed by Attorney General Gregory before a Cabinet meeting. An appeal to the Supreme Court was expected. the Third Circuit refused to dissolve United States Steel Corporation, citing non violation of the Sherman act, while deeming certain price control meetings illegal though stopped before the 1911 suit. The opinion hints at FTC oversight for such practices if repeated.
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Blair & Co. banker De Witt Clinton Blair dies after long career
Special to The Telegraph New York June 4. De Witt Clinton Blair senior partner of Blair & Co. died yesterday. He is survived by two sons C Ledyard Blair and Insley Blair. Each son received a last Christmas gift of seven million dollars from him.
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