Translations:CP 03011/7/en

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As regards the tip you have had on the subject of Steel[1], I will confine myself to telling you that its stock, which is known as advantageous by every speculator, is as it were the "Rio" of the New York market, only with this difference, that Rio Tinto, being a copper mine, we know pretty well what it contains; what one extracts from it in less than a year remains with the mine, and one is certain of recovering it, whereas Steel is a collection of metallurgical factories that follow the ups and downs of American industry

  1. Cite error: Invalid <ref> tag; no text was provided for refs named n2