The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-22
A SELLING PRESSURE
IN GRANlTE-BI-MET ALLIC.
CHIEF FEATURE WAS SELL
ING GRANITE-BI-METALLIC
Railways and Bank and Trust
Stocks in Demand and in
Many Cases Higher.

There was an unusually good attendance
a. the call for what IS known as inactive
securities. and more quotations, most OF
which were nominal. were made than since
the call first went into effect. A majority
OF these quotations were bids. there being
but few selling offers and no sales. The
regular session was 81 fairly active one, and
the dealings were large, especially In stocks
sales OF which footed up over 800 shares.
but very few bonds were deal, in during
the day. A strong market was had for most
of the active securities. and In a number
of instances higher prices were registered.
United Railways were strong. but not in
urgent demand. though there were some
fair-sized orders on the market and sales
were generally made at an advance. This
was particularly true OF the preferred ana
common stock, which was somewhat scarce.
the former selling to the extent OF 90
shares at SIS.25 and SIS. and closing at sS
bid and $50 asked, while transit or COM
mon sold in a much smaller way. only lA
shares changing hands. at $3.50 and s-3.'o.
the market closing strong and right Up at
the best figures of the day at s23.I 10 bid and
~ asked. The bonds were quiet, but at the
same time strong, and the Slo.IO traded IN
readily brought sci. while S9".!2 was pio
later and $9l. Is asked.
An all round strong market was had for
local trust stocks. and some ne" hisn price
records went into effect. Mercantile APP
peared to be the fdvorite. and most of the
time had the call. Both new and old stock
was wanted, but 1t was the former that
was chiefly in demand. and. being sc.:'ce.
was bid up sharply IN price. the mrs. SAFE OF
q shares being at S29o. and later sS'i was
paid for a like amount and that was bid
Nv several parties, and $3.50 asked. The best
bid at Wednesdays closing was sSto.J'. ana
there were sellers at $751;. The Missouri
trust was higher at sl1s bid. Next TO Mer-
camille the stock to attract attention WIS
Title and Guaranty. There was Il very soo1
demand for this stock. and early sales were
made at $l5S, but later there was a sale at
s!5i.5O. which was bid at the close. and SloS
asked; sales amounted to 81 shares. ST.
Louis was wanted and was salabie at sGs4
and S2Si-5O was asked.
There was nothing done in local bank
stocks, though there We're good orders on
the market. and in a number of cases high
| er bids were made. For instance. $i95.9 was
bid for Third National. American Exchange
was salable at s22S. and Continental Ma
tional was in demand at Si95. ana there
was a seller at 500. other stocks were
more or less neglected.
The heaviest trading Thursday. was m
Granite-Ri-Metalllc mining stock. For
some considerable time this stock. as well
as all mining stocks. have been nesiected.
and there were days when no market vas
made. Granite has shown n saSsins teHa-
ency, but there was no disposition to force
sales until Thursday, when 2.lO shares and
more were thrown on the market. and
though BUYERS were found for 1t all. the
market broke largely. the opening sales OF
several hundred shares being made at 2.fo;
the hulk of 1.i60 shares bringing s2.3i'2. and
the market closing with sales in 1VO-share
lots at s2.35, which was bid at the close.
with s2.S1l2 asked.
a,,- IN,
interest in Missouri Edison stock. but 1t
met with failure. There was some little
inquiry for common. but the best bid drawn
ouf was only slS.5O and late there was on
offer To sell at SlS.75. The preferred vas
nnminallv s5S bid and $50 asked. and the
bonds were offered at ss7. with no bids.