The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-27
BIG DAY IN STOCKS s.
NEW HIGH PRICES MADE
AN EXCITED DAY WITNESSED
ON STOCK EXCHANGE.
Bank and Trust Stocks Make Phe-
nOmenal Advances-Other Sc
curities Were Quiet.

The tip was out early Friday morning that
| certain trust and bank stocks were slated
for a bull movement and that more than
one would surprise the crowd by breaking
all previous records. The tip was Il good
one, as Just what had been predicted came
to pass and another recOrd-making Cay in
the way Of prices was witnessed. The ses-
sion was an excited and lively .ne from
start to finish. the dealings being large and
made quickly. while prices mounted sky
ward several points at a jump. No bonds
changed hands during the day. the buying
and selling being concentrated in stocks;
chiefly bank and trust stocks and the total
sales amounted to 1,s22. shares. The prin-
cipal feature of the market for trust stocks
was Mississippi Valley. The day previous
there was no market for this stock. but 1T it
amount of l6O shares and making a most
remarkable record as to prices. The OPEN
ing sale was in 10 shares at 1858. which was
an advance of ~ points from the last bid
of s34s.5O made Wednesday. This was quick.
ly followed by sales of 50 shares at $3.50: so
more at 1864 and finally 50 brought s364;So.
sale and of is points since last bid. The
market closed strong. with the demand I'M
satisfied and 1854 bid and about $3.50 asked:
Another lively and strong stock was Lin
coin, which has been in demand for sew
eral days and has been one of the features
of the market. There was an urgent de.
I'LL HUN III I'll oiA LIZ wy s
trade made of % shares was at IL points
advance at $500. then 25 sold at 1920, 10 at
s223 and % shares at s223. the closing sales.
amounting to 10 shares. being made at $222,
and that bid at close. Missouri came to the
front in good shape. and as had been pre-
dicted for it. sold higher. IS shares chang.
closed the day before. Title and Guaranty
still continues to show weakness and APP
pears to have few If any friends. most OF
the selling being apparently for the purpose
nf breaking the market down which. so
far this week. has proved very successful.
Trading was in ITO Shares at sl62 and sl6l.
and the best bid was only SIS. st. Louis
did not sell. but was g.. points up. at S299
buyers. Commonwealth was also higher at
$212 bid. and Union less strong at S3s4 bid.
The excitement Friday in bank stocks was
chiefly centered in Continental National.
Early IN the day the tip was out ev on o fh g
big boom and would advance largely. IN the
next few days. one rumor stating thai II
would go up fully Is points. The predictions
shares selling. shortly after the marker
opened and before any preliminary bids had
been made at S2io. which wa WAS "a an ih aav naawiou ms
day. and which was bid at close, with via
asked. National Bank Of was
again in demand and 100 shares sold at S254:
s225. closed at that asked and s224 bid.
Fourth National, on the other hand. was
higher at S252 bid, and BoatmenS paSSeu lie
$500 mark, a sale of II shares being maize AT
sol. with $500 bid and $203 asked for more;
Twenty shares of Mechanics National sold
at s2i2, but there was d selling pressure late
and no buying support. and that STOCK
closed at S243 sellers and only $2h bid stare
was higher at $l65. 50 bid and $40 asked, ana
Bremen Savings was wanted at $40.
The market for United Railways was cast
in the shade by bank and trust stocks and
the dealings were extremely light. Inc
market for preferred was stronger than it
closed the day before. sale Of $50 shares be-
ing made at $3.50. and later 100 shares BRING
ing s7a.75. at which there were sellers late
and $3.50 bid. Nothing was done In the
bonds. which. however. were in demand at
s9o.75 and held at SOL. and sale in the transit
or common stocks were small at 81 and
Sc. Is, with the latter bid and $4 asked.
A good. strong demand developed during
the day for Missouri-E Edison stock. and es-
pecially the common. in which there were
sales Of 500 shares at $19.75. with. that bid
and freely for more. but $50 asked. The
preferred was saIab!e at s57 and offered at
$50. No market made for the bonds.
Mining stocks as usual were neglected,
the only sales and quotations made being
for Granite-Bi-Metallic. 100 shares OF which
sold at $3.50.