Salt Lake Telegram | 1935-12-19 | Page 20 | Silver Shares Rise on Mart

SILVER SHARES RISE ON NUt MARl By ELMER C. C WALz United Tresi Financial Editor NEW YORK Dee Dec 19 shares came caine to the fore again the upside on the stock Thursday while the remainder the list fluctuated uninterestingly light trading Many leading issues were lower and there was no leadership American Can lost point as did Du Pont Bethlehem Steel was down fractionally andu S. S Steel up fractionally Col Gas lost and Consolidated gained in a quiet utility Union Pacific lost a point York Central was unchanged and i Atchison gained tt point l Vacuum dipped J 2 but Standard o oV ef i V Indiana made a new high for th tE V- V U. U S. S Smelting touched 9 t 41 American Smelting 58 2 and Cerro do Pasco 53 up 1 i 54 New demands for the silvers came T Tas as a result of a statement by Se T Secre-T tary that the treasury department still was buying silver V but had shifted operations from speculative markets to producing countries Then too U. U S. S Smelting declared a 5 dividend against U Ua a year ago which accounted for jt rise V Copper shares were slightly low er Gold stocks rallied with Home stake at dividend ex-dividend up 4 points Yesterday it lost 20 pointy on a single transaction V r Radio Corporation although quieter than yesterday was again agai the most active issue Another a ae 1 tive issue was the lowly Electrical Musical In 1 Evans Products and United Aircraft The latter at its high was up more than a point made a new top at up and aids field most of the gain a Western Union continued to nw Sn n its dividend declaration and ci c estimates its earnings were mount mounting ing further American Telephone narrowly until toward thi close when it was down nearly 2 points I The Ilie silver situation was mori serious sious abroad since the hid apparently changed its policy o of purchases It bought 5 per cent of the silver offered at London i at reduced price The New NewYork York price declined 2 cents to 53 cents an ounce and a new low since early earl this year and only 4 cent cen the years year's low