on november 13, 1908, "the new york times" reported that stock value in st. louis banks and trusts companies had increased by $3,020,000 since october 31, due to a "complete revival of confidence" in the st. louis stock exchange. the times stated that brokers related that it was the heaviest buying the city had seen in three years, leaving them "almost unable to accommodate their patrons." stock value and trading was for companies such as the mercantile trust company, the boatmen's bank, the mechanics' american national bank, the national bank of commerce, and industrial and manufacturing stocks such as the american car and foundry company. on november 13, the latter announced it would reopen its detroit shops soon as a result on secured contracts.