The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-23
RUNAWAY PRICES
IN LOCAL SECURITIES.
LARGE AND ACTIVE TRADING
ON STOCK EXCHANGE.
All Bank and Trust Stocks Boom.
ing and Railways in Demand
and Very Strong.

The new week on the local Stock FIX
change opened up Monday in a most bullish
way. with a good nll-round demand. heavy
dealings and stronger and higher prices in
nearly all cases. few of the stocks quoted
showing any change for the worse. The
sales. which were chiefly In stocks. were
large and consisted Of IS, 600 bonds of differ
ent kinds. and a total of over 1.4W shares OF
stock. mostly bank and trust stocks. A
good. strong aud active market was had
for United Railways. but the aggregate
business for the day was rather light for
the reason that sellers were not numerous.
and interest was largely centered in other
securities. OF the As sales were $1,000, but
they brought the top. that is to say sol.
Transit or common stocks We're quiet, but
steady. and the so shares that changed
hands brought s24.25, which was SUISSE
Quently bid for more and S24.50 asked, being
the same as it closed Saturday. Preferred
stock met with the best demand, and the
few hundred shares that sold We're right up
at the s;t top at s's;,S and ~ S,a the and market NIX ,s clos
asked. and very strong with a large num-
Der OF orders untitled.
One of the leading features OF the security
market was the great strength witnessed In
certain trust stocks, which were in demand
closed. New prices were made in nearly
every case and sales were larger than they
have been for some time. One Of the live
Hest was Lincoln, which started off strong
and under a brisk demand jumped up rapid
~ and finally closed at ~ points up for the
day. but sold a full 8 points higher to the
to this sale there We're seventy-five shares
that brought Sl9l. twenty-five shares 1882, q
small lot of five shares sls2. 50. and twenty
at sisi. and i Buyers easti at " siss.s se''e! Ms re aaaie
was in demand and stronger. with sales of
thirty shares at ss2s, and fifty shares at
offered. On the other hand. Mississippi VAL
ley was inclined to show weakness. the best
b bid during . as,, the . day ys. being i,, fsas 81. So and there
was easy and after ten shares sold at $3.50
the market closed at 1854 bid and 1854. 80
ASKED :aait Moth Nothing was lone IN i'm Common
bid $265, and the best bid made for St. Louis
was only 1922.
There was one trust stock upon which
all eyes We're fixed. and that was Union.
and many anxious inquiries were made as
to what the market was. The opening bid
rise to 1857 bid. but none offered under $500.
No sales were made on Change. but a we'll
known broker who has been closely identi-
ward "a " gave 'o ont t the eanns 10 ' that he s hsd
sold twenty-five shares privately at 1915.
which is an advance of SIS per share in
urday's closing bid. The street Monday was
full of rumors regarding the future of this
stock and the reasons for Its phenomenal
advance. One of these. and the one most
generally believed in. was the report that
a proposal would be made to the stock
holders shortly to double the capital stock.
the increased capitalization to be placed
offered to the stockholders at $500 per share.
It was also stated by the same authority
tina a good. big dividend was in sight.
Bank stocks were nearly all in demand,
and in several instances higher prices went
on record. This was true Of National Bank
of Commerce. which appears to have gotten
its second wind. and has made another
start for a higher level. The demand was
quite urgent and the market advanced and
closed n point up for the day at s29l bid,
but none offered for less than $295. State
National and Boatmens attracted attention,
and appear to be coming to the front rap
idly. The demand for both these stocks
was very good, the former selling to the
amount Of 6 shares at s165. which was bid
at the close. and the latter selling at $197. 30,
which was 1 point higher than Saturday.
and at which 80 shares changed hands.
Mechanics was in demand and higher at
at $40.
The one weak stock on the market Mon
day was Granite-Bi-Metallic mining. There
were a number Of selling orders in this
stock. and. as there was but one buyer. tho
market naturally weakened. sales being
made on a sliding scale in 1W-share lots to
the amount of 500 shares at s2.3711s down to
$3.50. and closing at s.. 27h bid and none Of
fered. American Nettie was quoted at 81
sellers and 96c bid.
Brewers were easy and quiet, one selling
early in the session at S10O % There was