The St. Louis Republic., 1901-04-17
A DECIDED CHANGE
IN SECURITY MARKET.
DEVELOPMENTS FAVORABLE
TO HIGHER PRICES.
Mercantile and Mississippi Valley
Make Sharp Gains-Dealings for
the Day Large.

A very decided change for the better came
over the spirit of the local security market
tuesday. change that was reflected in the
heavy dealings in both stocks and bonds,
and some new high-price records. There
! were large number of orders and the ses-
sion OF the Stock Exchange showed life and
excitement. During the meeting some
80. 600 bonds of different kinds were dealt in,
and 9l5 shares OF stock changed hands,
making the day one of the liveliest and
broadest that has been witnessed for some
considerable time past. Orders for United
Railways were chiefly centered in the bonds
and Transit or common stock, the preferred
being somewhat neglected. The market
was an all-round strong one. the $4,000
bon bonds that rs, sold bringing SOL, and the $50
shares of Transit stock. s24. Sales of the
preferred were in broken lots, one lot of
II shares bringing $3.50. and 45 shares later
selling at S9.25. Interest TO considerable
extent was withdrawn from these securities
after the above orders and the market
closed pretty much as 1t did the day before.
trust stocks in which there was active deal
ings and new high prices made. There were
orders for every stock on the list. and a
very lively and excited market was expert
enced, until most Of the orders had been e1-
ecuted: Something in the way OF mild
sensation was created by Mississippi VAL
advance for the day of points. at s349.50
bid and $151 asked. There were not many
Sellers and the only sale made was right
at the opening. when Is shares brought $34e.
which was 2ts points higher than that stock
closed bid the day before. Another trust
stock that attracted attention and improved
mand. was Mercantile. This stock has
shown weakness for several days, but Tues
day recovered most Of the late decline. sales
shares bringing sslo5O. The close was 21s
points higher for the day. at $3.50 buyers
and $3.50 50 sellers. There was little furry
sion. The market started off like sure
winner. a sale Of 100 shares being made
right at the opening at sls5, but later. on a
100 shares were sold ana eonnang @ to to weak
en-. closed with a seller at $l64; and only
slss75 bid: loss in price from re the % opening
quiet way at $500. with 1905 asked and Mis-
souri, was salable at $1l5 with $l19 asked
A lively market was had in bank stocks
but the dealings were all confined to Ma
tional Bank of Commerce, which underwent
some exciting changes. The market for this
s Sales Of % 50 shares in two lots Of IS and is
closed the day before. Then the stock com.
mneed sdd to % Sq fresy and the 90
the the M next sale sale Of 50 shares was at s2ss. at
which the market closed bid d. and I. s s2ss.s
the day before. Third National was quiet
and unchanged. as was American Exchange.
while the rest of the stocks quoted were
nominally strong. showing neither selling
nor buying pressure u
There was a fair demand for Brewery IS
around SHOOTS, and sales to the amount Of
5000 were made early at that which was
bid at close for more. and s1o1 asked.
A small lot Of Missourt-Edison preferred
stocks was wanted early In the day. and 80
quoted at $95.75 bid and $96 asked
Mining stocks Of all descriptions were dull
and generally neglected.