The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-25
THIRD NATIONAL BANK STOCK
MAKES A BIG ADVANCE.
\ STRONG ALL-ROUND MAR
kET HAD.
Third National the Sensation of
the Day, Sales Being Heavy
and Prices Were Higher.

The session on the Stock Exchange
Wednesday was one of the most exciting
that has been witnessed Of late, and all on
account of the extraordinary urgent lie
mand developed for Third National Bank
stock. and the big bulge in prices that took
place.. The market was an all-round strong
one from start to finish. and most of the
changes In quotations were for the bett ar.
The dealings were quite heavy, but confined
to the above-narned bank stock and United
Railways. SO great was the interest taken
in Third National. thai nearly everything
was passed up during the trading in that
stock and only occasional quotations We're
made. The dealings were probably the
heaviest ever made in 4 single bank stock
In so short 4 time as a half hour, and the.
way the market advanced was something
never before witnessed on the local Stock
Exchange. The initial trade was in a small
lot of ~ shares at an advance of 2 points
from the last bid, that is to say at sos.
From this the advance was uninterrupted.
every sale seeming to whet the appetite of
buyers for more. The principal seller dished
at s2o6. so. 500 and ss7.a Then the market
jumped up to $3OS.25. at which % shares
sold, then 5000 was paid for 70 shares. $40
for 100. 500 for % and q like price for 10
shares more, the total gales for the day
footing up 3O5 shares. The market closed
right up at the top with $40 bid and $1,000
asked. TnlklnR an ADVANCE IEOm NlOHudS :
bid of 1904. of & points.
Owing to the interest and excitement in
the market for Third National Bank stock
other bank stocks to more or less extent
were neglected. and no sales were recorded
in any of them during the day. TIL quota
tons made in most cases were also lower
by Il point or two. and many Of them were
nominal. The strongest on the list was Me-
chanics'. which was in good demand and
was bid up from ssso,5G; at which It closed
vance of 4 points and at which 1t closed
buyers. with none offered. National Bank
OF Commerce WAS only bid M; American
State National and Boatmen's were steady
at IA and S191.5O respectively.
in excellent demand and new hiSh-Drice
records We're made by several. One Of the
strongest was Lincoln. which was in NOD de- .
and sl99 asked. Commonwealth was strong
er at $40 bid and sz75 asked: MERCANTILE
sss3 2: :,, bid and Mississippi Tssre wa Valley ley, $3.50 sIs sb bid
made during the day and that was in 100
shares of Title and Guaranty at $780, That
was bid for more and slSS;G asked s. . at TIL, the
$3.50 was bid. but none offered.
More interest than on the day before was
taken in United Railways. and considerably
larger dealings resulted. The market opened
up strong. but weakened on a little from
the top. though closing about as they did
Tuesday, There was a very good demand
for the IS. and 5000 changed hands at
ss0.75. which was bid for more. and ssi
asked. The first 100 shares OF preferred TO
sell brought $50. but the balance of the
sales. which amounted to $50 shares. were
at S79.75. at which there were sellers late
and $3.50 Did. Transit or common stock
was dull and inclined to be weak, 700 shares
selling at $685., but only S24 bid later and
S2i.O asked.
Miscellaneous stocks and bonds of ell
descriptions were dull and somewhat weak.
some of them particularly so. as. for IN
stance. Brewery bonds and mining stocks.
George l.. Edwards. president of A.. 6.
Edward, & Sons Brokerage Company. has
returned from 4 trip Of several weeks to
Honolulu and the paoiflc Coast resorts.