Salt Lake Tribune | 1918-02-17 | Page 41 | Anaconda Copper is Urged as Purchase

ANAGOHIDA COPPER 15 URGED IS PURCHASE Jhort Interest Retiring TSqm United States Steel Stock Business. J. A. Hogle Co., Sy So.ith Main 5 '.roe:, furr.isi: the fohowir.r dlgt-st of :in;in,-iiTd iews, received over their ppi-ate ppi-ate wires: Twenty :r.a as trials 7'c v.n 1 . 25. . Twenty rail? "v.1 .?, .p . i'i. Ki:ianIal Euijetin: Inforn:a:ion from wc-h-informed ehar.nels ir.tinsates a f.-c-hnj o: the price o: silver ai a dollar an o i: n e and in this connection Anaconda '-'ozit is being strongly urged as a p-jr-'".".. se at current nsjres. owing to its ''As rrc-djctioii o: tiiis metal. There is a large short interest retir-:.t.s retir-:.t.s from L"nitt-u States Steel and sreeial-is:s" sreeial-is:s" advices are referring to a ver" small an:oi'r.t o: tck srloat. comparatively speaking. The p". ofessional element, as heretofore iniirnated, has sr-id steel short 'iai'e neaviiy. So :. them P a i f i c t . o u i d easily b e c o m e tht leader of the railroad li?t. says a -rominent institution which has been ooh:"g into t ::e market possibilities o: w-i'j..-k. in view of the splendid earnings earn-ings reported. It is evident that there is a growing outside interest in Southern Pa i and we believe it will work hieh-r. United States Steel common, held by many as the stock to trade in. is what til?" term a pea--e stock. A aood deal is being- 5aid about th.e constant depletion of floating supply and the small amount of stock carried in brokers' ofrh-es. New York Stock Letter: Shipping shares were the features of strength, with t :e ht generally maintaining a firm tone, despite quite a little realizing. The street seemed inclined to await the expressions of the Austrian premier, wiio, it is tinder-stood, tinder-stood, whs to address the reichsrath to-nay. to-nay. The rails marked time, but the htesr advices from Washington denoted t1: tiie raiiroad legislation programme wiiTfObably be speeded up and consummated consum-mated much earlier than anticipated a while ago. With the congestion at terminals gradually grad-ually clearing and with the government aoout to regulate imports and exports, it is not unlikely that the entire output of the country, which has been curtailed as a result of the fuel shortage and congestion, con-gestion, will begin to show substantial increase, and this should have a tendency ten-dency to improve sentiment in nearly all directions. The international political situation is. of course, the governing influence, and happenings on the other side will no doubt have much to do with shaping1 tfie immediate course of tiie stock market. However, the incentive to favor the selling sell-ing side would seem to be lacking, though at the same time the issues that probably prob-ably will be favored most by constructive construc-tive endeavors are those which possess the greater attractions as peace propositions. propo-sitions. New York Curb Letter: Curb market, stead. Curtiss was the most prominent feature in the trading on the curb, declining- early from Si to 3", and then uui kly recovering its loss. Wright-Martin held firm, with sales at " H and T1. Aetna continued a little st rone: at established price of T, on the adjustment of claims. The oil stocks 1 "ere comparatively timet, with HousUm traded in at 4 1 and Sinclair Gulf at 2:l2-' 2:l2-' 'osden showed an easier tone, selling at L to S. Other independent oil stocks w-ere quiet and without special change in price Motor stocks were without new fea-ture, fea-ture, Chevrolet auain ranging from 1L2 to 1 and Urn ted Motors sold at -oi to There was little trading in American Marconi at 3ij Mining stocks were quiet, with Mason V?lley seiline at 6 to o?8. IV.s: Lede reflected accumulation by Inside interests, with sales at 1 s and 1 -i -1 6 . Washoe Copper and Nixon Nevada Ne-vada were steady, without material change.