The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-01
FRACTIONS THE FEATURE
OF LOCAL STOCK EXCHANGE.
GOOD DEMAND AND STRONG
UNDERGONE PREVAILED.
Bank and Trust Stocks Were Also
in Demand and Made New
High-Price Records.

1 expectations In several instances Wer'
not entirely realized yesterday. and TIL
session of the local Stock Exchange wa
more or less Of a disappointment. The in
dications were that a very much stronger
and more active market would be had. par
ticularly in the case Of street railway trac
lions. curb" gossip and quotations previ
| GUS to the opening Of the exchange being
of a character to cave the impression tina
a bull market was to be expected. The
market started off well, and higher price.
were paid early, but 1t was soon found tina
there was more for sale than the crowt
could very well take care of, and the mar
ket weakened off a little from the top
though the decline was by no means great
| Very strong and, in several instances,
higher prices were registered for bank and
trust stocks, but the aggregate trading wa
nothing to boast of, sales really being light
when compared with the corresponding DAY
q week ago.
There was little interest taken in the mar.
ket for United Railways tours yesterday,
and merely a nominal market was expert
enced, there being a few scattered bids OF
$50. 10, and some selling offers Of S9l. but nc
sales were made. The preferred and Transit
stock, on the other hand. started off in q
very lively manner, and for a time 1t looked
as though one Of those old-time wild mar
kets was going to be had. Both these stocks
were strong, but 1t soon developed that
there was more for sale than there were
orders for. and the top prices were not
maintained, though the market closed bet
ter than the day before. There was only
one trade in Transits, 30 shares selling at
SIS, at which there were sellers late, and
only $24.75 bid. Preferred stock was in much
better demand, and during the session some
25 shares changed hands at s7o.5u, $3.50
and $3.50. while the Close, under a selling
pressure, was S7S.25 bid and $3.50 asked.
The real feature of yesterdays market
was the great strength displayed by GER
there was an urgent demand for these Sc
%curities. but a noticeable lack OF selling Or
ders. One of the strongest on the list was
Third National. This Stock closed the day
before at $751; bid and s1s2. 30 asked, but on
yesterday was easily salable at slS5, an ad-
vance over night of 4 points, and which
was also s1s5 bid. neither being offered for
sale. State National was one-half point up
at $l57 bid; Mechanics 1 point better at
higher at $221 bid. There was also a very
good demand for International, which was
salable at $l32. and South Side had a seller
at $3.50, but no bids.
While the interest taken in local trust
stocks was not so great as that displayed
in bank stocks. there was a very good de-
mand and some new prices were made.
This was especially true of Union, which
has been In demand for the past two weeks
and has gradually advanced until yester-
day when there were bids of SOS. a 8 point
gain since the Gay before, but which failed
to bring out a single selling order. Mer-
camille continues to have many friends and
yesterday was up ~ points to $2S8 bid.
Title Guarantee and Trust wa not so
strong, the best bid being only $168. 80. but
none offered under $173. Mississippi VAL
ley had a seller. at s3SS.5O and Missouri was
in demand at $105.50.
The only mining stocks to attract any at
tention yesterday were the lead stocks, the
others being entirely neglected. Catherine
lead appeared to AVE the call and was in
demand at IS. at which 100 shares sold.
This was bid for more and $6.3 asked, but
no more sold. St. Joe was strong and
salable at $14, with nom for sale.
for Broadway cable bonds and two traders
finally got together and a block of 5000
changed ownership on a basis of SOL. There
were more wanted. and they could have
been sold at $10o.75 but were not offered
under $l01.
Missouri Edisons, which appear to ave
dropped out of favor of late, were hardly
noticed during yesterdays meeting. No
the bonds were offered at $685. so, and the
preferred stocks at S56 with no bids.
There were some orders for Consolidated
Coal, and the market was stronger mi bet
ter at s14 buyers and sl4.25 sellers.