The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-07
REC0RD-BREAKING PRICES
n THE BANK STOCKS.
ALLrROUND ACTIVE MARKET
FOR LOCAL SECURITIES.
Bank Stocks Led in Strength and
Were Wanted-Heavy Trad
ing in United Railways.

The local stock market during the present
week has been one Of the best In the way OF
trading and prices paid that have been ex-
perienced for some time. Money has been
abundant through the disbursement OF div
blends the past two weeks. and this has
been and - being reinvested in local securi-
ties. Yesterday wAs the banner day OF the
week so far. and carries Oh the palm in re-
spect to the amount Of business done on the
Stock Exchange and the record Of prices.
nearly everything on the list scoring big
advances. The session was . very agrees
sive one. and brokers with buying orders
who were o~vercautious or limited as to
price. soon found that. unless they acceded
TO the demands Of sellers. the security Of
fered would be taken right from under their
noses by those more venturesome and the
market run up to them. This was done sew
eral times yesterday and naturally caused a
very lively market. The trading was the
heaviest Of the week. sales Of $4,000 bonds
and ssl shares OF stock being made. Price
changes in almost every case were for the
better. advances ranging from y to 3a
points. the largest gains being in bank
stocks. which were up from ~ to 81 points
from the previous days close.
+ Dine of the strongest stocks dealt In yes
terday was tho old-time ~favorite. National
Bank Of Commerce. which appears to be
heading for the 500 mark and which is be-
ing tipped to reach that figure In the very
rear future. There was an excellent de-
mand for this stock. and the competition
WAS was 30 great Att that the price Jumped q, 4
and q shares at xs6 being made on the way
up: the latter being at an advance. Of 81
POI ssas The close was strong at SsAs @, BID
~, 2H points to ss2s-1. a which % shares
: az I'm! snS + s,s s'1 :nS = b p1 a,s:d up f Fer the v Sss
no bids for Continental National. which was
held for $z250. Other bank stocks were un-
changed and quiet.
Brokers were well supplied with orders
for United Railways stocks and bonds. and
i isaen curing Inc 1ay was lively and on q
a %'ronger position than on the day be-
fore and sales were larger. The tours were
N ssm early an. rsaa fSe S slo; 9 tn ss.,s sa1 %siie
closing at $3.50 buyers and 80 sellers.
Most of the trading yesterday was in the
p %ere made s's &C s snd ; so ss Of or Svsr SO SS,. .ss, res
close was at SSH bid and So asked. Tran
the 10 100 e sHares ,s SsSes soi Has srins Ro'ni s,i a;she al
which the market closed buyers. and $24.60
was asked.
Trust stocks were not 30 much IN evil
dence yesterday as they were the day be-
fore. but In many cases they were stronger
and the few sales made were at higher
prices There were no bids for Mercantile.
which was offered at G32.@. Mississippi
Valley was in demand at $s75. but not Of
fered at all during the day. One Of the
strongest stocks was st. Louis. which was
saiable at 2 points advance at Ssls. and was
held at 1913. Lincoln was in demand. and
30 shares brought a point advance. selling
at $23z.50. Title and Guaranty was also a
point up, and Is shares sold at SIS 80. which
wal bid at close and SIS asked. and Conn
monwealth was I point better at $259 bid
and $50 asked.
One OF the first trades made was IN 5000
Little Rock and Hot Springs and Western
Tours. at $9s. being the first trade made
openly in these bonds on the floor Of the
exchange.
There were several changes noted in
stocks and bonds that are not considered on
the active list. and In most cases they
were for the better. Among these was Ia
clede Gas common. Bonnie Terre Land and
Cattle Company's stock. St. Joe Lead, and
Union Depot longs.