The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-19
STRONG MARKET FOR
BANK AND TRUST STOCKS.
DEMAND FOR THESE STOCKS
CRGENT-HIGHER PRICES.
United Railways Were in Fair De-
mand and Sales Were Il Little
Bit Better in Price.

Even the extreme hot weather that has
prevailed for several days and the fact that
1t Is now the season Of summer duliness,
when the investment demand falls off ard IS
at a very low ebb. has SO far had little ap-
probable effect upon the local security mar
ket, which. while not as active as it has
been, still continues TO show considerable
life and remarkable strength. Prices. in
stead OF easing off. have grown stronger.
Yesterday was n record-breaker in both
these respects. as applied to bank and
trust stocks. and several of them made new
hiSh records and closed with large gains,
the advances in the more active stocks ran
ging from Z. of a point to 5 points. though
sales in several instances showed improve
ments of from l to Z points The high-wa-
ter mark of the day was made by Missis-
sippi Valley Trust, which IS now at a higher
level than 1T has ever been in its history.
Since the announcement of the regular quar-
terry dividend OF 2ls per cent. payable July
!. there has been a strong demand for this
stock. and SO steadily has the stock adj
vSnced that IT was predicted that in the
near future il would reach the $40 mark.
This figure came into sight at yesterdays
session. when there was ID sale OF ~ shares
at sSt2. or Z points up from the previous
Gays close and within S points of the nigh
level SIT Tor IL TINS stock was not the only
one that was in demand and showed
strength Mercantile, winch has been in tho
ouEnis Tor several Gays. came In Tor a COCA
sha4e OF attention fiom buyers and sold up
. points. - shares bringing s5oJ. and ISL was
DID lor more, with NO sc..vI-. Lincoln made
iuFiner gains. advancing u. points and
CLOSING at the top with Sl.S biu and ,-I<
asked, and 40 shares ealth sod i
point higher at S-S and clossd at 80. uid
and $40 ,ashed., Missouri, IS usual. xas
weak. and closed with slcS.D bid anu Sllc5J
as"ed, while 81. Louis was BID S5iy. the de-
mand having fallen OF. Late in the day II
was reported that Mississippi Valley so.G at
Ss.r per snare on the street.
Dealings in bank stocks were small. but
prices, as a rule. were steady TO strong. and
IN Two instances higher yrIces were regis
tered. Inese were IN Continental National
and Third National. the former advancing
!. and latter y OF a point for the day. But
one trace was made and that was IN Conu-
mental National. 10 shares of which sold at
81, ana that WIS bid for more and SO
asked, while Third was salabie at ss1s and
was offered at $3.50. The two weak stocks
were Bcatnens. which was bid Si9s. anu
mechanics National. mat closed at $50
sellers and only SO bid. There were no
oids Tor National Bank OF INNER which
was offered at s2.j. State National was in
demand at slIZ.J0. and Fourth National at
>-io, neither being offered.
United Railways came in for a very good
snare OF attention early, but after the Or
ders that were on the market had been ex-
ecuted were heard of but seldom. The mar
ket was fairly strong and the preferred
sold !. point higher. $1,000 OF the
latter at S39.2a. At the close the bonds were
at SO bid and sSs.25 asked. the pre-
ieIred stocks at $40 bid and 1880 asked. and
Transit nominaiiy s3.75 bid ami s2i.25 asked.
Mining stocks and a number of securities
that were in demand Monday were neglect
yesterday, some not being mentioned at
an There was in inquiry for Westinghouse
automatic Air Brake and Coupler and bids
We're advanced from $40 TO 81. but none Of
fered under SIC.
Edison preferred stock was Of
Tered at $50 and bid $50 and the common had
a seller at $50. but no bids.