The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-19
STRENGTH A FEATURE OF
THE SECURITY MARKET.
THE DEALINGS WERE NOT
HEAVY.
Trust Stocks Again Led IN
Strength and Some New Records
Were Made in Prices.

The dealings were not heavy on the local
Stock Exchange Thursday, but an all-round
strong market was experienced and some
new high-priced records were made during
the day. This was particularly true of
trust stocks. which for some line have had
the call and have shown a tendency to adj
vance. none Of them displaying anything
like weakness. AS the tendency to advance
grows stronger the offers to sell grow less,
with the result that sales are small. Thurs
day there was nothing done In Mercantile.
though bids were higher at $32l, the lowest
selling price being 1923 Mississippi Valley
touched the top when 1t sold TO the amount
of 10 shares at $3.50 and closed at $3i3 bid
and $3.50 asked. Union, which has been the
sensation Of the week. was not mentioned
until late. when a bid of S17: 80 was made.
but, none offered. Title and Guaranty was
In demand. and IS shares sold at sl65. which
was bid for more and $167 asked. Lincoln
Trust was q prime %favorite and was in good
demand and strong, sales OF 50 shares being
made at $lS6. and ITO shares at slS5. Is, the
market closing at the latter bid and sl86
asked. There was no change In Common
wealth. which was $3.50 bid and $3.50 asked.
st. Louis had a seller at $500 and Missouri
United Railways were strong. especially
the transit. or common stock, which met
with the best demand. and sold to the ex-
tent Of $50 shares at $2i.25. closing at that
bid and $24. 80 asked, which Is an advance
from the previous days closing of I. point.
which were quoted unchanged at ST.. Is buy
ers and SCI sellers, but there were sales Of
$50 shares of the preferred stock at s79. 80.
at which there were sellers late and $79. rs
bid. Thu market as a whole was in a much
quieiter condition.. though stronger tina. 1t
has been for some considerable time.
The market for bank stocks attracted but
little attention during the morning, being to
a great extent o~vershadowed by other Sc
%curities. but in the main 1t was strong. and
such changes as were made in prices were
for the better. National Bank OF Com
merce was stronger. and 1t was limited that.
as weak holders had been shaken out. the
market would advance. 1t was very much
stronger Thursday. when there were sales
of a shares at s2s9.D and % shares later
at s2ss; the closing bids being >2ss 50 and
National. which was offered at sos. but
American Exchange. was in demand and
at s23S bid and S22 asked. State Ma
at $3.50. and Mechanics' at ;sss s0 bid and
$2S5 asked.
There was considerable talk among bro
kers about the phenominal advance made
by Union Trust stock at Wednesdays meet
ing, and various reasons were given for
this very sensational squirt. One Of these
cred one of the most conservative in the
city. has been earning money steadily, and
last year is said to have made IA per cent.
and. while not paying dividends, IS in a po-
sition to do SO at any time, there being a
big surplus en- hand. Another reason adj
vanced was that there was talk Of an in
crease in the capital stock. but this was
found to be nothing but talk and appeared
to have no actual foundation.
The tip is out to keep the eye on Mis-
souri, Edisons. which. brokers say, are
slated to go higher. There was a very good
demand for this stock Thursday. and a
much stronger market was witnessed than
has been seen Of late. Both the stocks and
bonds were in demand. and during the day
$500 of the latter sold at $5.H and 100
shares Of preferred and Is shares Of COM
non stock brought SIS and $3.50. respective
~. The market closed strong. with the de-
unsa tisfled. with the bonds quoted at
SIS. 80 bid and $S5.75 asked. while $3.50 was
bid for the preferred and $19.75 for the COM
mon stock. the latter being offered at go.
There was a very good demand for Cot
Compress Sc during the session, and as
as 81 was bid and none offered. La
clede Gas common was also in demand and
higher at $87 bid and none offered. while
Corporate Investment stock, one OF the
listed. was quoted at 81 bid and AS
asked.
Brewery bonds were again in demand, but
with buying orders refused to pay
more than $10O.50, though sellers. demanded
fe.s