CHICAGO - Missouri officials were watching the market closely yesterday, ready to move as soon as today if interest rates come down to price $72 million of state revolving loan program revenue bonds to finance new water pollution control and drinking water loans.

The largest participant in that borrowing - the Metropolitan Sewer District of St. Louis - is also watching the market in advance of a possible pricing date next week on a $30 million issue that would mark the first borrowing under a $275 million bond authorization approved by voters in August.

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