Show HAYDEN STONE CO COON COON ON COPPER OPPER C SHARE HAFE S MARKET M In Tn a communication n to The Herald Hayden Stone Co of Boston and New York lork under date of o Monday Monda review mar ket conditions briefly and explain ln from their viewpoint the causes which have re suIted in so much liquidation and conse quent wrecking of the copper share mar ket In addition they advise the pur purchase purchase purchase chase of several seera copper stocks with which Utah Investors are re familiar and also give p points rs on n the goon railroads as follows We EWe have recently witnessed a very v ry se i w vere liquidation In the stock market the prices prices of or all securities declining to ex x low levels Irrespective of or In 55 v value lu or ea earning power liquidation n was va caused by a com corn of or factors actors the principal ones onel be Ing BiJ Government investigations scarcity of money resulting In ln curtailment of pt Im f and nd tensions a deadlock dead lack between r Producers and consumers In the copper SIS metal al situation n causing a decline i in J the price rica ot of f the metal from 25 2 to 15 cents a pound and the tle e general shattering or of the confidence of the Investing public In the numerous Industries presente r At the low Jow Prices pricel which have rf there pre has ft been ben a steady tion of odd lots of all the standard rail roads and d copper P s b small investors many thousands of shares being taken take out of the market in this manner This liquidation has also resulted in inthe inthe inthe the changing of stock from weak to strong interests and we believe at the present time that stocks are In very ver much stronger hands than has been the case for tor quite a while We think that the great majority m of unfavorable influences affecting stock sto Jt market prices are In process of or remedy and we look for a gradual settlement In Inthe Inthe inthe the copper situation We do not hesitate to advise the pur par purchase purchase chase of such copper stocks as Copp r Range North Butte United States Smelting Granby Utah Consolidated Utah Copper Boston Consolidated and anzi other sound properties and such railroads as Union Pacific Northern Pacific Great Northern Reading and Southern Pacific for a pull and we look to see these se securities securities securities show a gradual appreciation in price from now on |