The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-27
BOOMING BANK STOCKS
RECORD-BREAKING PRICES.
HIGHER MARKET FOR LOCAL
BANK AND STOCK TRUSTS.
United Railways Quiet, but Strong,
Other Securities Inclined to
BE Somewhat Quiet.

The business transacted Tuesday on the
local Stock Exchange. while not as heavy
as 1t has been in the past. was still of en-
couraging proportions and well scattered.
street railways. bank and trust stocks and
mining stocks all being traded In to Il
greater or less extent. The one particular
feature of the market was the boom In GER
tain local bank stocks. Ever since the pass
age of the Worlds Fair bill bank stocks
nave steadily gained in strength. Tuesday
they put on a new burst of speed ana in the
case of several of them broke all previous
records In the way of prices. For instance.
Continental National. after 10 shares had
sold at s197. was taken in hand by one who
is known to be friendly to that bank and
run up to as high as sl99. which was an ad-
vance of 2 points over the closing aelling
price of the day before. later and after the
supporter of the stock had left the floor.
there was an offer to sell at sl9s.5O. with
no bids. The next stock to show booming
qualities was Third National. which sold TO
the extent of % shares at sl9l.5o. an advance
of 2ls points. and closed salable at Sl9l buy-
ers and none offered. 1t was left to Mer-
chants-Laclede National. however. to smash
the record for buIges. that stock. which
closed at s1S6 bid Monday, selling TUESDAY
to the amount of 100 shares. one broker
taking the lot at 5000, which Is an advance
of IA points, or 81. per share from latest
bid. This is a record that has never been
surpassed or eQualed in the ioca! market
for bank stocks. Another strong stock was
that of National Bank of Commerce. which
was salable at s275.5 80 ex-dividend Of 2hs per
cent. and which would be equal to S27S.
Strength was again a feature of the mar
ket for local trust stocks. and In partlc-
CIar Mercantile and Title and Guaranty,
which attracted most attention.. and, IN
fact. were the only ones traded In. Botn
were in urgent demand. and easily sold at
good advances, the first named to the
with a buyer at s3Ol.5O and 500 asked. which
is "A gain In price from the closing bid oil
the day before of 11ls points. Title and Guar
anty made the best record, however. that
and selling freely. $50 shares bringing sl65,
which was an advance of 3 points. There
Were sellers at that late, and the closing
bids were sl64.75. st. Louis Trust was about
steady at s2S5 bid. but Missouri was lower
at s111.O buyers and STA sellers.
A steady and fairly active market wa had
for syndicate fractions, but the dealings
were no better than fair. the total sales
of stock amounting to but 1872 shares. For
the preferred S7S.1 - was paid and thsre were
sellers at that at the close with 1850 bid;
All the transit or common that sold. and
the bulk of the trading was in that stock.
easily brought S2+25 and the market closed
steady at s2i.G bid and S2i.l5 asked.
There was some interest taken In mining
stock and especially Granite-Bi Metallic.
There were some orders for this stock. but
sellers were neither plentiful or over anx.
ious to sell and as a result there was but
one sale ard that was in 100 shares at
2.i71ac. which was bid for more and 81
asked.