The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-13
FRACTIONS LEAD
PRICES SHOW GAINS.
THE GENERAL MARKET WAS
STRONG.
This Was Particularly True of
fractions, Bank and Trust
Stocks, Which Were Wanted.

The session of the local Stock Exchange
yesterday was made conspicuous by the I'M
dertone Of strength in United Railways,
bank and trust stocks, and In particular
in the first and last named. The dealings
were not heavy in the aggregate, yet a
very fair days business was transacted
and those interested appeared to be well
satisfied with the conditions Prevailing. As
usual. 1t was the fractions that started the
ball. a good demand prevailing for both
common and preferred stock. AS far as the
bonds were concerned the market was
noticeably quiet. The demand was light and
but one sale was made during the day.
one solitary bond changing hands at ssl. at
which there were sellers afterwards. with
ss0.l5 bid, showing that no change had
taken place in the market. The preferred
stock started off better than 1t closed the
day before, the first 100 shares selling at
s1S.25. which was Y point up in price. This
developed smoothing of a selling pressure
and the next 100 shares that changed hands
brought SIS and s77.75. and the close was
rather weak at s7.75 buyers and $3.50 SELL
ers. Transits were in demand all Of the
session and held up well, closing with an
improvement of y point as compared with
the previous days closing. The dealings
amounted to 800 shares. 250 at s24.75 and the
udlaI!Ce at VIII, WnlIe the Close was Ut
s2i.25 bid and $3.50 asked.
Next to the railways the favorites yes
teTday with brokers were local trust stocks.
which. with hardly an exception, were
strong, and In some Instances higher prices
went on record. Mercantile. an ertswhile
~favorite. was not SO conspicuous as 1t has
been of late, though it was strong, at
sos bid and $3.50 asked. showing no quot
able change. There was a little fury in
Missouri Trust. but the market was lower,
a sale Of SO shares being made at SILT.
which was a point off from the bid Of the
lower at s1l5 bid and Sis asked. Another
stock that attracted attention was Title
and Guaranty. There were good orders for
there were sales of LIS shares at the former
and later 100 shares sold at the latter. the
market closing Y point up for the day at
wanted In a quiet way and a trade was
made in 50 shares at sl76.5O and tina was bid
for more. Union. which has been a dead
and St. Louis was 8 points up from n last
bid. with S2s7 buyers and no sellers.
was the strength and demand for National
Bank of Commerce stock. There was a 2
point rise In this stock yesterday on buying
offered for sale under s274. but the differ
ence between bids and offers was too great
to admit OF trades. The fact hat this bank
- W CSCIS II ioIe y liz " per cent
Worlds Fair subscription Is thought to
have strengthened this stock in the last few
days. Third National was unchanged but
strong at 1856 bid. German Savings was
higher at S1S6 bid and Observation-Disclosures
National closed 31a points higher than Mon
days closing bids at slS5. 80.
There was some demand for Missouri EdI- !
sons yesterday, but the only trade copsum-
mated was in 80 shares of common at $50,
At the close the best bid was lower at Si9, |
with $50 asked. The preferred was nomi-
nally $50 bid and s6O.D asked, and the bonds |
salable at s7. with $3.50 asked.
Mining stocks. Brewery bonds and stocks |
of miscellaneous character were dull and
neglected. only a few nominal quotations |
being made
Guy Billion, representing the firm Of Gay
lord. Blessing & Co., sent a communication |
to the acting president Of the Stock Elk
change. ]. H. Dieckman. In which he an
nounced the assignment of tina firm. Ac-
cordinE to the rules Of the exchange, this
virtually suspends them and bars them
from trading with the members until a set
Element has been made with their creditors.
The first of the regular monthly ship
ments from the Granite-Bi-Metallic Mining
Company has been made. 1t consists Of
1880 ounces silver and 84.2a ounces gold.
hid md 60 IN ocbod ~