New-York tribune., 1906-05-02

FOREIGN TRADING.-LOndon houses we're noC
factors in the local market owing 10 the holiday
on the Stock Exchange in the British capital IN
London money was in active demand and dis
counts were firm. while in Paris there was an ad-
vance in open market rates The Contiheh'al
bourses. as a rule, were strong.
FAILURES IN APRIL-Commercial insolveneies
in the month of April. as reported by r. g. Dun
& Co.. 7SS in number and ssOSS.6is in amount
of defaulted liabilities. In the corresponding
month last year there were SS3 failures, involving
sSO56S5s Although the aggregate loss for the
month is about the as in April. 1s0 aneiysIS
Of the returns makes much more satisfactory
exhibit for this year in strictly commercial chah-
nels Manufacturing failures were 1s1 IN nunloer
and S2l22 s2s in amount. against 1Sa failures last
year for SS.SSS 2O. Trading failures also make a
gratifying comparison-575 this year, involving 81
190 SO2 against SIS defaults in 1895. when the Ha-
bilities were $S.64612S But In the third class or
brokerage real estate. insurance and similar oc-
cunations there were 81 failures with an aggregate
Indebtedness Of S2747O19. against only . last year
for S5g7E7S This increase was entirely due to the
failure Of a single telegraph and cable company
which in no way reflects the business stuauOn-
There were three banking failures. for $4,000.
which compare with six similar suspensions last
year for 81 $4,000 and sixteen two years ago when
the indebtedness amounted to S4.S57OoO
CINCINNATI HAMILTON & DAYTON NOTE
HOLDERS TO FORECLOSE.-No provision has
taen made for the payment OF interest on the Gin
trust notes, which have been in default since
March l. The sixty-day extension allowed the
company for meeting this obligation expired yes
terday. and inasmuch as the payment will not De
forthcoming the nOteholders' protective commit
tee is preparing to fOreclose the property Ihere
has been some discussion regarding proposition
from ]. P Morgan Co to buy up the note
holders claims. but it is understood that nothing
definite Is likely to come from this proposition
II is believed that no opposition TO the foreclosure
frc1IiV fTTn in
Cincinnati. Hamilton & Dayton Railway Company
inasmuch as by this method the lease Of the Pere
Marquette and the Chicago. Cincinnati & Louis
willie roads also may be abrcgated-
IMPORTS OF GOLD AND sUB-TREASUFY
TRANSPORTATION to the amount Of SS5O0.OoO was
engaged in Europe yesterday for shipment TO this
country. OF this amount S5.OOOO00 was taken by the
National City Bank. Total engagements OF gold
since the beginning of the current movement eX-
ceed s4OOOOOOO One reason of the present weak
ness in the exchange market is the heavv exports
of wheat from this country to Europe Transfers
of money through the Sub-Treasury to San Fran
cisco yesterday amounted TO s2,O65ON.
INTERNATIONAL STEAM PUMP.-DirectOrs OF
the International Steam Pump Company have de-
cided to increase the capital stock OF the company
by the issue Of 5000 shares Of common stock and
2OO shares of preferred stock. bringing the total
capital stock from $S1 100000 up Ss9OOOO0O. The
proceeds of the new shares to be used for the
purchase of the Power and Mining Machinery Com
pany.
GREAT NORTHERN NORTHERN PACIFIC
RUMOR.-The old revived yesterday
that the Great Northern Railway Company is negO-
tiating for the purchase of the Northern Paciics
interest in Chicago. Burlington & Quincy. In quar-
ters informed Great Northern affairs con-
hrmatiOn of the rumOr could be obtained.
MITCHELL MINING DIVIDENDS SUSPEND
ED.-The directors OF the Mitchell Mining Com
pany. at a meeting held Monday. decided to pass
the dividend. which has hitherto been paid at the
rate Of per cent bi-monthly. in order increase
the working capital of the company.
STRICKEN FROM THE LIST-Series D per
cent bonds Of 1906 collateral trust OF the Chicago
Rock Island & Pacific Railway Company have been
stricken from the list.
NEW STOCK EXCHANGE FIRM-The new firm
Of Van Reuren & Buckman, which will begin bUsi-
ness at No Wall street to-day. consists OF
Michael NJ. Van Beuren. who was elected mem
Der Of the New York Stock Exchange on Thurs
day; C. Buckman. formerly Of Efingham. Law
renee & Co. and Mulford Marvin. special partner.
r. NJ. Jesup will be connected with the frm.
NEW INVESTMENT BROKERAGE OFFICE
L. NJ Dickinson for a number OF years with the
old firm OF vermilye & Co. and recently with Will
tam A. Read & Co. has opened ONCE. 20 deal
in investment securities. at No n Broadway
PENNSYLVANIA DIVIDEND UNCHANGED
Directors OF the Pennsylvania Railroad Company
have declared the regular sem-annual dividend OF
per cent on the stock. payable May 81. TO stock
OF record on May g.
PEOPLES GAS DIVIDEND.-Directors Of the
Peoples Gas Company have declared a quarterly
dividend Of 1% per cent, payable May &.
LANSToN MoNoTYPE'S YEAR.-The Lanston
MonOtyPe Machine Company reports Tor its fiscal
year ended February 2S an increase In net sales OF
$S,4 ,4Ss and an increase in net profits OF S2tSsO