Salt Lake Tribune | 1915-12-23 | Page 13 | Copper Shares Dominate the Wall Street Market

COPPER SHARES DOMINATE THE WALL STREET MARKET Greit Britain Purchases Ailhoiib ot Pounds ot Red Metal, Oil Stocks Are Also Booming By URO VD N V VLL Bj Into n ontU News bar oe NPW ORh. De 31 H UDkni ket dlapa ed a stronger a d hroa e tone Be era Issues ou a ov. h gh pr oes for h a o emen Coppe sad ol a ocka were ha en er of ape u a t on The ol me of b s ess urned ave during he session as he argon tor any dtj In weeks ir e a en tlon seen d to he gl en e on en a of th Amerl an ote a A us a M h of the b ylns whs a rlbuted to sho 1 o e Ins bj rade s dlalnrllnd to remain sho over the o da s t. omm aalon ho ses alao rapor ed a s liht betterment 1 lo mand Coppa shares don Inated n I e trangth that pre -ailed at the begin n ng of the session, An srloan Smelting & Re fining be ng the leader tilth a new h sh price. Steel oommon waa alao more aotlv tranaaottona being almost double those ot the previous saaaion Tha rails failed to ahow rauoh enthualaam Oil share and copper monopoltaed the after noon trading Prices eaaed oft some what In the last half hour but the cloae waa strong Demand for Red Metal Th basis of the renewed artltlty In tha copper ahare was furnished hy th announcement ot additional demand for copper metal Thla was supplemented with th announcement that the British government baa purchased about 143 400 MO pounds of copper metal at abo OUj cents per pound from American producer. Smelters and Anaeonda led the copper. Th former touohed IttH which la th highest recorded sine IMS when It aold a 1 a e a a ea pa d S pa en a adtes Uil nse h e V w re esse no er adva ed tinloe afio e Tat ng of ftdue b elte a and Ana o da wee doub 1 t nn ed u o ne legree h t e knowledge ha t ase o pan e a e a ong hose r a a e o e e arge soles t nppe o he B s gov r ent Oil Shares boai O a la ea to heu aov, ghee upon the o k ex. hangs Me ca P -o eu n rose fi e and ehafnons ote new high of 1 14 ca Ifor ila Petioleun aha h in ade new ops bu Texitr, company s nek fa ad o eapood to ft be e one Run ore nero em of a maiger of he Mexl un Petroleum ajwl California Palrolsura Into the Pan A oertcan Petro turn company- receji ly formed by th Dohn ntereats but t s lould not be conftrmed Motor stock failed to show n urb, anl marlon Oeneral Motor deol nad e even Eolnti due to tha controversy upo the card of director relative to lie aecur Ing of control by th Chevrolet. Motor companv Stockholders of the la tor com party are to act ton or row upon if propo sltlon of taking over control of the Sen eral Motor company Sto kbr dare of both co npcnle are at a lose, o figure whether heir rapctW atom ahou d ad ance or decile as a r It of e Chevrolet offer of the shares, of ta a otk for one of General Motor eommon A 9135 the preant market quota ton fo I Che rolet the five shares, of Che roe no Id be equivalent to 1475 for Genera Motor