Salt Lake Telegram | 1935-09-17 | Page 19 | Copper Shares Rise on Board

COPPER SHARES RISE ON BOARD By ELMER C. C United Press Financial Editor NEW YORK Sept 17 War 17 War babies stood out In a firm but dull stock market marlet session Tuesday Du flu Pont powder shot up 8 6 points to a new high since 1930 Ia at Monsanto Chemical with a a- chemical factory in England which could supply war materials reached SOU up 1 Electric Boat submarines submarines sub sub- marines hit a new high at 95 up up i. i Hercules Powder touched 87 i up i 4 points Atlas Atlas- Powder made a anew anew new high at 47 up 1 Copper shares copper Is used heavily la in war supplies supplies shells shells guns etc advanced advanced ad ad- a as the price rose on Italian buying abroad of copper metal Steels strengthened with U. U S. S Steel just under its high Other steels gained fractions to more than a a point The remainder of the list made smaller gains than the tho war group although strength in the latter was wasa a factor in forcing up pricey prices all around Early In irs the session the market had moved irregularly in a narrow range with trading quiet Rails were firm all day in light trad- trad Ing Motors rallied after an early decline Electrical equipments wore were higher as were building Issues the latter featured by Johns Manville The demand for copper metal sent the price of export metal to cents cents a pound a new high since July 25 1933 Italy was reported negotiating for to tons Amusement issues continued rel relatively rel- rel active although gains in the group were small An exception was Paramount First Preferred which spurted 4 points to a new high for the year at 98 Warner Brothers Pictures made a fractional fraction fraction- al rise to ton a new top Railroad shares at one tIn time had gains ranging to more than a point They were aided by further gains in being reported by sy individual roads Toward the close they eased oft off Union UniOn- Pacific touched 1024 up iA and then thea slipped back to a small loss New NewYork NewYork York Central touched and dipped to 25 up Great North Northern em ern was active at 26 up