New-York tribune., 1909-06-02
TOPICS OF THE STREET

--,- TPADINC.-Foreign houses bought
Fch-a-ss IF United States Steel common and
-" : ns1 shares Of Cnion Pacific in the local
soo Dealings in other issues amounted TO un-
ularAss tofais In the London market prices, as
inFo1. T-arA higher light volume OF business
r1 s,seian railway lean Of E35ootoo AZ per cent
lhss issued Yesterday was quoted at three-quar-
p'If rer cent premium Can money al tle BTU
tsrs U ~ ,-as in fair demand at from to liz per
ish Ttscounts we're steady Paris and Berlin dis
cslt c.s we're lower and Paris exchange on London
couH The Bank of England secured the bulk
- the &, ,GIoH9 Souih Ai4io@i' e'-o O-1e ''i '-e
- Iondcn market
olaD7,- AGE BOND COMPANY OFFERING
AOs,-~ ,Thalmann & Co. are offering at 50 and
LsI--s5 interest the unsod balance of S2oSco
81. +en-sixtv year gold mortgage bon0S, series
pe ~ AIo-t-age-Bond Company, Of New York
/" honfs are dated October !, 1905. and mature
NE Tl,ev are redeenabe at par on any inter
=. dsv after October !, 1915 Ihey are part OF q
es of SLGnoo0, Of which Sl.020o have previously
SER ol5 The co.npanS owns first mortgages IN
s.sen cities amounting TO S4.ls2,3li on property
esz a. SIC sSl.5S2. All bonds issued hereunder
1red equally by all the mortgages deposited
aIs aIt.sc+ive Of the actual date Of issue of the
H. No loans are 10 be made by the company on
% rr,narty. unimproved property. undivided IN
- representing less than the entire ownership
isis s ,rarertv leasehoIds, etc No real estate is
= sc,uired. except TO avoid losses under fore
- or 70 provide Offices for the company s own
An real estate acquired under foreclosure IS
70 be promptly sold p.
7 = l.
1--;Ts5 States in the month of May, according
- u statistics compiled by +. e. Dun & Co, were
r -5-r roral liabilities Of Sl4.SS3.15a The hablh-
,ere snla Ter than in APRIL but slightly larger
ns Na- 1905 although in that month there
'-- '--a5 also large decrease over the preceding
- i, the amount Of liabilities The manutact-
~ failures numbered 81, having total liablhues
e 15s ia. comparing with S5,SSASSS IN LIe anu
.%~z in 7aa- The trading failures numbered
- Tith liabilities OF $4s74,2SS. as compared WIN
.-nsS. in IGIS and S40352+5 in 1S0t- The oetauIls
- ms class Of brokers and transporters numbered
-bfv-one with total liabilities Of S22s5SI. as com
--a5 with twenty-five such defaults IN lSoS, haNlhs
,;tiri-es of s. as3 709 There were only two small
,-line defaults The total commercial failures ia
iEe i've months ended May 81 aggregated in ia
ti,t-iss s5s7eao6 as compared with Slo9,e60oio in
7ss s5ses7 in 1907 S54 Sl3565 IN 1906, SiI2762 IN
7ss and S71,o11.411 in 1913.
,-,I.N,CE N. STRUCTURAL STEEL.-Certain
r5snen6ent producers of structural steel have al
-s-cas the p-ice about 81 ton. An Eastern con-
csrn is selling structural steel on basis OF 81 ~
Es-rshurg The demand for structural steel has
hse1 heavy the last TWO llolllIls
.,5 many concerns have secured sufficient bust
ness 10 keep their plants in operation for several
ronths Il is due 70 the sold up condition OF the
rsIs thzu manufacturers are inclined 10 ask
tivbe- r-ices for their material The conSurnp-
,op Of structural steel in the West IS growing
WORE RAPIDLY, and the railroads are taking more
material.
5scls-ed Is follows Boston & Albany Railroad
-egusr quarterly - per cent. payaple June %.
Terminal Company regular StIIll-S1Ali-lA1-
rer cert On the preferred, payable July L Anefl-
can Beet Sugar. regular quarterly 4 per cent
On re preferred payable July !. American Can
COMPANY, regular quarterly IL Per cent on me
rreferred. parable July I; Safety Car Heating ana
Lighting Company. regular quarterly per cent
raTable July :: CeIlulctd Company, regular 1te
rsr cent On the common. payable July l; copper
Range Consolidated. regular quarterly 81, payaoIe
July /
NEW STOCK EXCHANGE FIRN--A new STOCK
Exchange firm under the name Of Frenaye. Nr-g-Sf
4 slade has been formed 10 conduct a general
banking and brokerage business Al No a Broad
v-sv COMPOSED Of William E Frenaye. Willlarn
Nay Wright and Howard Slade. formerly OF Will
tsm P Bon bright & Co, Mr. trenaye belng Ile
Stock Exchange member
CORN PRODUCTS BONDS SOLD--Speyer &
On announce that they have disposed Of the entire
s500000o Corn Products Refining Company rFsL
mortgage rvrentN-fve-year per cent sinking 1uiad
gold bonds, recently purchased by them These
bonds are part cf s1o.o0o00o issue, which was
unanimously ratified by the stockholders OF the
company at 2 meeting yesterday.
UNITED DRYGOODS STOCK SOLD. =
MORGAN & Co. announce that all OF the sIV'Oo0'UyO
ger cent cumulative preferred STOCK OF t--e
T-,i+es Dr1roods Corn-ar- has been sold, ana taat
no further applications VIII be received lem
porary certificates for -1e stock nave beeA az
nit1ed 10 quotation IN the unlisted department q
tbs Stock Exchange.
AMERICAN BEET sCCAR--At meeting Of
he directors IF the American Beet Sugar Com
pany yesterday !. Horace Harding was elected 3
director in place Of r. Bayard Cutting The
hoard organized by reelecting the present officers
The matter OF dividends on SLe common stock
not discussed