The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-18
A WILD MARKET FOR
LOCAL SECURITIES.
UNION TRUST MAKES A SEN
SATIONAL ADVANCE,
Bank Stocks Quieter, but Railways
Wanted, and Show Il Strong
or UndertOnc.

A somewhat wild cratic market WAS Wit
messed Wednesday on the Stock Exchange.
There have been numerous days when the
dealings have footed up heavier, but no
such prices have been registered as went
on record in n number of cases. AS usual
1t was trust stocks that attracted most at
%tention, and. outside Of railways, were the
heaviest traded In. The aggregate dealings
for the day were not as heavy as they have
been, but there were more features of in-
terest and considerable excitement was
shown during the half hour of the session:
One of the most sensational features OF
the day was the phenomenal bulge in Union
Trust, which advanced SO sharply anu
quickly as to create wild excitement among
brokers'. The market for this stock opened
up quietly ut $suS bid, and then Tor a time
was not mentioned. Then bid OF $sol WAS
Before the words were hardly out the ofer
was accepted and fifty shares changed
hands at that price. which was fourteen
points above the highest bid. This; now
ever. was not the top, as the broker buying
wanted more and rapidly bid the market
up one and one-half points higher to sSiooo'
at which the market closed Win no set rina
ever witnessed on the local Stock Dxcnange.
Mercantile Trust was again a great 1avor.
lite and showed undeniable strength. that
stock selling to the extent OF % shares at
s32O. %. and closing a point higher for the
cay. at $500. 50 bid. and none offered for sale;
There was the usual furry In Title ana
Guaranty, which was quite largely traded
In at advancing prices, Is shares selling az
S164. 25. % more bringing 1854. Is. which was
quickly followed by a sale of IS shares at
but quickly reacted under strong bidding
and closed ~ points up for the day, at
S16o bid and s165.D asked. The
Wednesday and made it's debut. There was
no trading. but bids which started of
at $40; were advanced during the session
and closed at $50, with $50 asked. Other
trust stocks were practically unchanged
and quiet.
While the market for United Railway Sc
%curities showed but slight change from the
day before, the undertone was strong and
the few trades successfully carried through
were at top prices. The market was a quiet
one. comparatively speaking. and the ag-
gregate dealings small. Transit stock was
most IN request and s@ shares sold at w
S12i.25 was the ASKING price. Only III. shares
of the preferred stock sold during the ses-
sion. but they brought $3.50. and that was
bid late; with 49, Is asked; The demand for
the bonds was quiet and the sales were only
5000 at $91. at which there were sellers at
the close and s9o-75 bio.
Bank stock was noticeably quiet. and for
some time after the market opened was
entirely neglected and no quotations were
stocks had died out. brokers turned their
to bank stocks. hut it was plain
that they were not the favOrites that they
have bsen Of late. The only sales made
were in State National. in which there app
peared to he a selling pressure. but no
marked disposition to buy The sales made
were only in 20 shares in -10-share lots. at
$165 and $16s. so. respectively. Bank of Com
at one time was bid $3.50. with 500
asked. but the best bid at the close was
only s2ss. Third National was unchanged
was quoted at s195. so buyers and 1885, 50 sall-
ers; Mechanics. on the other hand. was in
and so urgent that It was ad-
5 points from the previous days
closing and closed at 1923 bid
The announcement was made Wednesday
on change that n dividend Of 12h per cent
had been declared on the capital stock OF
international Automatic Air Brake and
stock. payable May l. Books close
April 20 and open May l. 1t was also stated
that the books of the company would close
stockholders on the 18th of May. 1t was
that this meeting was to vote on
he proposition to consolidate the above |
named company and the Automatic Air and
Steam Coupler.
Edison stocks and bonds. but the
only outcome of the bids and selling offers
was the changing hands Of 80 shares
the preferred stock at S54. and which
closed at $50. 10 bid and $3.50 asked. The
common stock was 49, 5 bid and $50 asked.
and the bonds were quoted at $3.50 bid and
s96 asked.
There was a quiet sort Of q demand for I,
Brewery 6s during the day, but the market |
was weak, and one sold at s10o. 20. which
was bid for more. and s1G0.75 asked.