according to stock exchange president george herbert walker, business transacted on the exchange floor was less in 1904 than in 1903, as with other regional stock exchanges in major cities excluding new york. trust companies in 1904 traded 18,440 shares for $3,567,591, banks traded 5,698 shares valued at $1,548,878, mining stocks of 17,077 were traded for $7,866, and miscellaneous stocks saw 12,144 shares traded for $770,767. a great deal of business was also done with united railways, st. louis transit company, and brown brothers. total transactions in 1904 came to $10.5 million, against $16.4 million in 1903.