New-York tribune., 1909-07-02
INVESTORS READ
The Wall Street journal
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses vsrs -s
active IN the local market. arbitrags trsnssrunas
amounting TO less than 1000 shares In the In
don market prices as a rule were htEher hsvsi
by the settlement OF the Welsh coal labor dspas
and by better prices on the Paris BCUrse. Cal
money at the British capital was easy under ths
influence Of the release Of July interest monsv
The Bank Of England made no change IN rs
minimum rate Of discount. and showed prop0TticH
Of reserve to liabilities OF 4t4 per cent. against
an average for this week IN the last nine years
a. OF per cent The decline from week ago. vhsl
the percentage was 10 points higher vas due sn-
tireIy 70 opera tfOus Incident TO July disbursements
SIX MONTHS FAILURES 70 st1rs-
tics complied by Duns Review from reports q
branch Offices Of r. G. DUN & Co, the commsrea5
failures IN the United States during the nrst II
months Of 1909 numbered 6,s31- the Liabilities
amounting TO SSS.541 315- This compares win S.es
failures IN The frst half OF 1908. having Eaoiluss
OF S124 SS% In the first six months Of lSi uS
record was sO7 failures with liabilities OF SOsos
$50 Thus the aggregate of business defaults II tl
last six months h2s shown falling on OF near near
90 per cent from the corresponding period OF -
when there increase Of about - PEI -
from the record OF the first half Of 1907 Al'hous.
the liabilities of defaulting firms during tls -
sfN months were much less than In 1908 tney W. -
much heavier than In any other OF me !4SS s,.,.. -
years. in the first half Of 1905 the !aol- .1 -
amounted to So. .6640I4. IN 1905 20 S97-S+9s0' a. a.
in 1904 SO. 9o9- The liabilities oi ,hs -
six months were about S1o.oo0Ooo IN excess 9. -,
average Of the liabilities Of the preceding n's -
this average including the heavy dsld--ss -
1ans Taksu as a whole the record of fahHss
is not quite as favorable as the BANK clea-I- .s-
and other statistical tests OF the business s.l@
but II is. nevertheless. moving IN tne dI9-
commercial recovery s,.-..
HARDENINC STEEL. PRICES-Ths oonnas&n-' -
of steel manufacturers in a continuance oL a. ~
provement in steel under way Is reuec,&eI - an
refusal of certain producers TO accePt ~ r-,css
naees for future delivery at current p4lc7 .rsrs
for steel products are firmer all around -
have been advances Of 81 ton IN cer' 'sI iJI. s-s
Steel bars. plates. structural steer an So shaz
~0-g~a
rrsr,i,,nns are being asked IN many CdS1 --Irss
facturers look for a gradual advance N S'7e' fF
this year. ,- -, r, The Arst
bs1s of cotton raised IN the United states .n
,v, reer5ad the New York Cotton ETcnalS7 7-5.soq-o
dsv from Houston II was groNh -I,-...aIsnd =.
county Tex. and shipped TO w y -+to, a
Sons of Houston, where II was SOFA a - rotron
* cents a pound That firm consigned IHe - rss
10 Latham, Alexander & Co. OF New I9-s IgIs,snss
sold IL in front OF the New York Cotton -. .+s
Yesterday 10 Leigh NJ Pearsan AT - - ri.
pound Mr.. PearsaH Will ship The COTTON c ,tsrora
son & Co. of Liverpool on the steahl7'
which will sail for Europe on SaturodS- *
STOCK EXCHANGE TRANSACII! !tlS,S socV
JUNE.-Sales Of all stocks on the Ne" lI' -alss.
Exchange in June were 200lS.s4 shares. - 4
a4SO5O9 shares in the same period tor - - =, Nsl
7i9 as shares during June. 1901 The -, sbsrss
were t6.620SS2 shares. and in April $500 ~ ,rheT
F2ord sales in Iune aggregated StS50SI1ts - y. ~
compares with $50 $4,000 in June. 1873 au ,y-S o.
1nn i'm June 1907 This also compares VIII onts
OO in May and slS914l,5oo in the precell.i4 Nj.
STRICKEN FROM THE LISI.-~hica5SIS 5I,.,sion
waukee & ST Paul Railway southwest - D u
first per cent bonds. due 1893. southern G,lc
Arizona first : per cent bonds due 1893 anu s-st
rado Coal Iron and Development Co~h,la-.s ~ hs.r
MORTGAGE ; per cent bonds. due lstT. H"'
stricken from the Stock Exchange list ~
DIVIDENDS DECLARED.-Dividendsn naVS Ssr-.
declared as follows: United States Ruoosr ~.
pany regular quarterly per cent on tne - SSS-sd.
ferred and Il. per cent on the second - . rsr
National Iicorice Company seni-anh.ai
cent on the common. payable on July
KANSAS CITY SOUTHERN BONDS -. tss
I,sdenburs Thalmann & Co. announce - s
nsr cent Improvement and refunding bonds ~
chased by them has been sold. ~
EXPORTS OF COPPER-Exports q coppss-
the month OF June 50. 900 tons Compare