The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-08
BARGAIN DAY ON
THE STOCK EXCHANGE.
WEAK AND LOWER MARKET
EXPERIENCED.
Orders Were Fair and Dealings
Moderate, With Strength Con-
fined to Certain Trust Stocks.

Yesterday on the local Stock Exchange
was likened to bargain day at prominent
iCtail dry goods stores. a number OF good
things being offered at cheap prices. A
moderately active business was done, and
several brokers, who We're supplied with
buying orders, We're able % pick up some
choice articles in the way of stocks. The
session convened an hour earlier than rs
ual, owing To the understanding. mace the
day before, to participate in the reception
to be rendered to Ex-Governor ID. r. Fran
els and Corwin H.. Spencer, the Worlds
Fair heroes. The members did themselves
proud in their demonstrations, the Whole
push turning out and marching to the
Union Station with u brass band and ban
ners flying.
Pretty nearly everything on the list yes
tcrday was for sale, and in a number of in
stances were sharply lower IN price. 1t was
a typical bear day. with the pressure on the
selling side. The dealings were not heavy.
but they were well scattered. the sales in
Guiding, railways, lighting stocks and bank
and trust stocks. the totals amounting to 459
shares of stocks and $4,000 bonds.
One of the chief attractions at the meet
ing were United Railways, which, however,
were undeniably weak, a fact that was
fully demonstrated before the business had
been under way five minutes. The feeling
for some unexplained reason was bearish,
and there was more disposition shown to
sell than for several days, with the result
that a lower level for prices was estab-
lshed. The bonds held up remarkably well,
ana the Siv,vJo tnat changed HANDS early
easily brought syl, though Just previous to
the close there were sellers at mat figure
and only $50. 10 bid.
There appeared to be a scarcity of orders
for common or Transit stock and nothing
was done. The market was very mucn
weaker and the prices established were y
TO l point Off for the day, at sa4. 50 sellers
and IA buyers. There was a lair amount
OF tracing In the preferred stocks. but a soft
and lower market was experienced, little
or no Support being gwen prices. and the
20 shareS tnat cnalsed naiius uuliHg tne
session We're at S7S.75, $3.50 ard S1s.25, a de-
cline for the day OF q points. The close
Was weak and sti!l lower Jat Ss bid and
$3.50 asked, which is the lowest this stock
has been since the Worlds Fair bIl was
passed.
There was no boom TO Missouri Edisons
yesterday. No attention was paid to these
securities until after the meeting was we'll
advanced. when a quiet demand Sprang up,
but the trading was not heavy. The COM
mon stock was most in demand but sales
were extremely light. % shares only at
S2).25. which was slightly better Than had
been paid the day before. This was bid at
the close and 1904 asked. There We're sales
" l. W slibTtS preferred III 3bb. Out t.S market
weakened, and the best bid at the close was
only $3.50, and u number oil" sellers, who
seemed anxious to let go at $50. The bonds
were strong, but dull at $500 bid and s97
asked. -
TIL strongest stocks on. the list were
trusts, with one exception, and that was
Title and Guaranty. the youngest of them.
This stock has been showing weakness for
several days, and on yesterday sold to the
amount of 80 shares at Sl.57.50, or 21a points
OFF from the day before, and later was bid
SlA. with SIS asked. This is a drop Of over
Y points since it was first listed. Missouri
Trust was the leader In point of strength.
being in urgent demand and salable at an
advance from the previous days closing of
2ls points, bids being SIG and Sis asked.
Mercantile came next with S292. 50 bid at
one time and 1894 asked, while Lincoln was
wanted in u quiet way at sl75. but none Of
fered. ~
National Bank of Commerce had the call
among local bank stocks. but the market
was weak. and 30 shares sold at $26S. %,
while the actual close was at sl6S.50 sellers
and SECS bid. Third National was unchanged
and steady at s1S5 bid. and American Ex-
change was quoted stronger and higher,
with a sale of 10 shares. which was bid for
more. Ne
Business has increased to such an extent
with the brokers that 1t has been found
necessary to place two extra telephones on
the Stock Exchange, u Bell and a Kinloch,
making four altogether.