Salt Lake Telegram | 1935-09-16 | Page 16 | Profit-Taking Lowers Stock

LOWERS STOG By ELMER C. C United Press NEW YORK Sept i 16 taking reduced stock prices price M Ml day 1 Wall street was not over the decline In the share nm ket which it considered m technical Reduction in trading on the recession was vl vlas view as highly favorable M There was some cautious sd on growing war probabilities fl There Iv were re several items including in mail J der sales gain velocity a drop o points in the country's steel cpI ing rate and a poor first six aix earnings statement by e Copper The most favorable of the day was a rise in op metal here and abroad The am omm tic price touched 9 cents a pu bun bunIn In line with expectations l port copper sole sold at a new hi hid since July 25 1933 at tnt pound Heavier demand f fi t tH metal a large part of It fc W wa supplies brought the gain 1 Before the copper price anci copper shares were bid up trading New highs were mic Anaconda Greene Cananea an Greene touched i. i If 4 8 7 and the others made s sail alien gains When the puce price wa a traders who had ol anticipation of the rise copper shares and prices df down from the highs Silver su also sagged off most of the jd cording net losses ranging to than a point 3 Movie shares were active I 11 early trading especially Orpheum Keith which appear J two blocks of snares shares an ancoa of shares around The stock touched a new at 4 8 3 up one half point anth halt half the rise Paramount f was up more than 2 poin I its high and the second up more than a point at a Loews Loew's selling ex cx dividend Wa changed after losing a gain of than a point gg