Salt Lake Telegram | 1935-12-09 | Page 15 | Silver Shares Show Losses

SILVER SHARES SHOW LOSSES By ELMER C. C WALTER United Press Financial Editor NEW YORK Dec 9 Stocks 9 Stocks moved irregularly higher Monday Inactive in inactive active trading Silvers declined on weakness tn n he London silver market caused by heavy Far Eastern offerings Some utilities and steels declined and taking profit developed in some re recent re- re cent favorites However the tho railroad shares continued continued con con- to gain and new interest de developed dc in coppers which wore helped higher by a further rise riso in the price of copper abroad New highs noted in Anaconda and Gold mining shares were better featured by the tho high high- priced Homestake which made a anew anew new high for the year at up 30 points Gains in the rails ranged to moro more than a point in Atchison New York Central made a new high It was brought out that a pickup In December De Dc- comber cember traffic would cut down New NewYork NewYork York Centrals Central's 1935 deficit which now is estimated at against a loss of reported for 1934 General Motors corporation today reported its total sales for November November Novem Novem- ber at units against in October and In November a year ago The stock rose to up Hi 1 Chrysler followed with a again again gain of more than a point Packard was heavily traded after an initial block of shares and approached ap approached ap- ap its 1935 high Nash was up nearly a point and Hudson i l of ofa ofa a point Directors ordered a per cent stock dividend for Ford Motor Products Products Prod Prod- and placed the new stock on a 2 annual basis the tho same as the tho present present pres pres- ent stock The Tho issue promptly rose roseto roseto to up 8 points and a new high and held most of the tho gain Other motor equipment shares were up fractions to moro more than a point In Houdaille Hershey B. B R B. L. L Polk Company today re reported reported re- re ported new passenger car sales In Inthe Inthe the United States for November were the largest on record for that month The slump in silver stocks was accounted accounted ac ac- counted for by a break In the price at London and a drop in New York It was understood the U. U S. S treasury was not as willing as ordinarily to take silver In New York it was re reported reported re- re ported there were no bids for the tho metal