The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-06
WORLDS FAIR BOOM
IN MISSOURI-EDISONS.
EXCITED, WILD MARKET,
WITH HEAVY TRADING.
A Strong Market All the Way
Through and Some New High
Price Records Made.

For wild excitement. heavy trading and
high prices, yesterdays session of the local
Stock Exchange was one that broke all
previous records, and will long be remem-
bered in these respects. A feeling of bull
ishness has been injected into the local
security market since the passage of the
Worlds Fair bill. and investment and
speculative orders have been coming on the
market in large numbers. Yesterday was
Il case in point. Nearly every broker on
the floor was either supplied with buying
/ or selling orders. but it was soon made evil
deEt that there were more Of the former
than the latter. in consequence of which
4 stronger market was had and in a num-
Der of instances much higher prices were
registered. The dealings yesterday were
the heaviest ever carried through on the
exchange. Sales of bonds were not large.
being only $4,000. but in the case of stocks
of different kinds the sales aggregated over
1,9G0 shares, which is a remarkably good
showing when it is membe that the
trading session is only of thirty minutes
duration. Brokers We're looking for 4
boom in Laclede Gas stock yesterday, but
it did not materialize. notwithstanding that
there was 4 furry in New York., which
market advanced nearly 10 points over
night, the close there being at $3.50 and the
high point yesterday S5.l2i2. but which
was not maintained to the close. Little
interest was taken in the market hero and
the best bid drawn out was only $S1, and
there were sellers at $s3.O
There were s~seyeral features to the local
market yesterday. but the most distinctive
was Observation-Disclosures which were in de-
mand and sold in large quantities. There
We're two brokers who seemed to nave a
monopoly of the buying orders and they
made things extremely lively for a time.
In fact. 1t can be said that they had the
fioor most OF the time. One confined his
to the preferred stock, and between them
they created considerable excitement and
were the cause of large sales being made,
some go shares of the latter and over 400
shares OF the former changing hands dur
Ing the meeting. There was plenty of
stock for sale at the prices bid and a re-
markably steady market was had. all of the
common selling at SIS, while the range
for the preferred was not a wide one by
any means. sales being made at $3.50 and
COS. with the bulk at SoS.I5. and the close be-
ing strong at $50 bid and SO asked. There
was a quiet but very good demand for the
bonds and sl.NO sold at $685. early and
5000 later brought Ss6. 50, which was bid
at the close.
Both in point of dealings and strength
syndicate fractions again occupied a CEN
though it can be said that they were not
SO conspicuous as they nave been, owing
TO the furry in Missouri Edisons. The
market was strong. however. and a very
were much quieter than the day before,
but fully as strong. the s15, 900 that sold
bringing s91. 600. There were only 30 shares
of Transit or common stock traded in dur
ing the meeting. but they brought s25. 80.
though later there were sellers at <25.25
and buyers at s25. Nearly 500 shares of
preferred stock were handled during the
day. and all at s79.25. which was 4 point
better than the previous days bid. The
close was weaker. at S79 bid and s7a.25
asked.
There was quite a little furry in Missouri
Trust stock yesterday. and a rapid rise in
price from S107 to Sill took place, sales
figure. This is the first open trade made
in this stock on the floor since it was
listed There were bids of $110 for more.
but SILL was asked. Mercantile was a ia
market was had, the 50 shares that sold
during the course of business bringing from
$4,000 to s29l.5D. the latter also being bid
for more at close. and s292 asked.
With the exception of International.
which was under bull influences and was
run UP without Interruption from s134 to
Sl39.25 bid. with no selling offers. Outside
of this stock the market was a tame and
quiet one, and no particular change took
place in current values. Continental Ma
ton was in demand. as usual, and very
strong at S1s2. 80 bid, but none offered. Ger
man Savings also was wanted, and was
quoted salable at S2S1.
No interest was AIKEN In the market for
mining stocks and hardly any quotations
were made. Granite, in fact. was not men,
toned at all. and American-Nettie was
weaker. at S1.20. and only 81 bid. All lead
stocks We're dull and nominally unchanged.