Salt Lake Telegram | 1934-09-27 | Page 17 | Metal Issues Driven Down

METAL ISSUES DRIVEN DOWN Sold Gold and Silver Stocks Drop While Other Sections Sections' Advance By ELMER C. C United Press Press' Financial Editor NEW YORK Sept 27 Gold 27 Gold and silver mining stocks declined on the s tock lock exchange Thursday while other s sections rose fractions to more that than 3 points Dealings picked up s slightly lightly Mcintyre Porcupine was driven n down 3 points to 44 and U. U S. S Smelting dropped 4 points to at its low Other gold and silver s shares lost fractions fractions' to 2 points Sell l ng og was based on reports the ration was swinging more inane to the right and that inflation projects would be held in abeyance for lor some sometime time Increased trading In the main came after a period Of irregularity Mercantile issues were the best gain gaisa- ers ens on the reports of increased busi busL ness gave belated re me response spouse to strike settlement with Celanese and Industrial Rayon the star performers Both General and Consolidated made new highs for the year in the cigar group at substantial gains American Tobacco and American Su Sumatra matra Tobacco also gained U U. S. S Tobacco soared 10 7 3 to 8 5 on ona a single transaction Among issues making new highs were Continental Can at 84 up F. F E. E EMyers Myers Bros pumps 23 tip p 1 1 and Columbia Pictures certificates 1 cates 37 up 1 1 The latter led a rise In the amusement group where Loews Loew's also rose a point Allied Chemical was bid up 3 points to Du Pont was was' up more than a point at 91 8 7 and held part of the gain United States Steel common gained a point