New-York tribune., 1909-04-02
TOPICS OF THE STREET

FOREIGN TRADIHG.-Foreign houses bought
,,,par,i OF 20 eco shares In the local market. but
sIbsAouently sold to extent that left total
,trchases about 10000 shares. IL London the
[o-e-7l market WAS firm q fair volume Of
Business with Improvement reported in invest
--rrt transactions American stocks closed firm
~ -i=s curb. though under the best Call money
:. the British capital in good demand and
st1b a. , per cent was paid Bills were irner.
r.. Eank of England reduced its minimum rate
NJ discount 10 - per cent. and showed in it's
weekly return a percentage Of reserve to lia5ili-
" OF zs-52
FauJ-EEs IN MARCH.-An analysis Of the
commercial failures reported to +. G Dunn & Co
for the first quarter OF 1909, compared with
corresponding periods in the preceding years re-
..sis the increasing strength Of the structure OF
business as the result of the economic changes
=. me last ten years. There were $3.50 failures
during the first three months of 1909. comparing
with 90s N tho first quarter of 1908 decrease
~ 05s The average number of failures for the
srst ouarter IN the last five years was, however.
g 50 that lhe record for this wear is 263 above
ID Tvs-vear average. uapInIIes uue Iast
-bree months were Si4460. .950. a reduction
xs1 "a 2sl Il per cent. from the first
1,s rter Of 1905 but sa4l0Go aoove the average Of
ths last five years In number OF failures. the
record fer the last quarter is greater 1lan for
any corresponding period since 1895, with the
,.n-iou Of 1896 1897 and 1905. In aggregate de
sspItg the record for the last quarter is greater
thsu for any corresponding period since 1895 with
the exception OF 1895, 1896 1897. l90i and 1908.
EASTMAN KODAK REPORT.-The report of
the Eastman Kodak Company OF New Jersey FOR
she YEAR ended December 81. 1905, shows net
r-nhs Of S6.zee.5lS, against S6.265423 in the year
hefore and a balance after dividends Of S2.l9S 437.
against 81 eos. SS1 in 1867. The company earned
sl IS per its common stock after s per
cent on the preferred. compared with Sci per cent
IN the preceding year in the last four years the
cor1ranys net profits have increased 81. .45s. .605
and the profit and loss surplus has risen from
q 5s3s5 S17S6,602. The net profits Of S6.412,-
SIC in 1905 were after deducting Sl,ooo,0e for
renewal e plants
UNION BAG AND PAPER COMPANY-The
T-nion Bag and Paper Company reports for the
year ended January 81 net profits of S1.0Ss.963.
against Sl.21es5S in the year before. and surplus
a5-er interest of S91A3o2 The balance after pre-
ferred dividends $474. .303. compared with s610
go in 1907 AMI SlS3.SS1 in 1906 while after de
duetiuns for depreciation and sinking fund there
was surplus OF $242.>42. decrease OF Sl36.3S0.
COMMERCIAL CABLE--The Commercial Gable
Company. the cable operating subsidiary Of the
nsokay Companies, has issued balance sheet
ss OF December 81, 1905 showing total assets OF
ks43l270. the largest items being value Of cables.
plants equipment and property purchased. amount
ing 10 sSS 427.S4S. Securities owned placed at
so535.4S9. Traffic balance and cash in banks
was S2.012.502-
son member Of the New York Stock Exchange:
arthur " Pesrce. member Of the New York Stock
Exchange and Ricardo Cristiani have formed a
cOpertnership under the firm name Of simpson.
Pearce & Co. to carry on a banking. brokerage
and investment securities business, with Offices at
No III Broadway
change has stricken from the list Louisville &
Nashville Railroad Company five 70 twenty year
Virginia Carolina Chemical Company ten-year col
lateral trust 3 per cent sinking fund bonds due
1912.
NEW STOCK EXCHANGE MEMBERS.-Lewis
G Morris. Isaac Starr and Frederick H Hovey
were elected members of the New York Stock EX-
change yesterday.
STOCK EXCHANGE FIRM DISSOLNED-The
Stock Exchange firm of Sternbach & Co. Nc so
Broadway, consisting of Maurice e Sternbach
and Ira II. Parsons, has been dissolved.
ADMITTED TO PARTNERSHIP - Prentice
Strong an0 Arthur n. Anderson have been ad-
mitted 10 partnership in the firm of Libbey &
Struthers. of No. 80 Broad street
NEN INVESTMENT BROKERS'. V. y. White,
formerly connected with the loan department Of
the knickerbecker Trust Company. has opened an
once al No 81 Broadway care OF White & Black
vel, where he will transact general investment
business
DIVIDENDS DECLARED--Dividendk have been
declared follows: Northern Pacific Railway, |
regular quarterly "a per cent payable May J; !
Brooklyn City Railroad Company. regular quar- |
terly u per cent payable April 15 United States
Rubber Company, quarterly per cent on the |
first preferred and quarterly Il per cent the |
second preferred. payable April 10
NEW FIRM MEMBER--Charles Boucher has |
been admitted 20 partnership in the Stock Ex- !
change firm Of Millett Roe & Hagen.