New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-07-08
TOPICS OF THE STREET

/ FOREIGN TRADING houses
/ sold upward of 5000 shares ON balance in
the local stock market
J SIX MONTHS FAILURES-In the first
/ six months of 1910 the number of CONNER
( cial failures reported to R g Dun & Co
was 6,3S8 these having liabilities Of S112-
239.910 comparing with 5.S31 failures in the
first six months Of 1893, with liabilities OF
$S8,54l, 373: with 3,7o9 failures in 1908, hav-
failures in 1917. having total liabilities OF
SIS. 568, So The number Of failures during
the second quarter Of the present year was
Zsbo, comparing with 3,a23 IN The nrSt quar-
ter or 1910 and with 1881 in the second
quarter of 1909 The number of failures
was therefore much less than in the rrst
quarter OF the year. and also lis less than
IN the second quarter of 1899 The la bill
lies during the second quarter of this year
were SO $50 SIC, comparing with 5000 Isl IN
the first quarter and So 0Sl. 423 in the sec
ond quarter of 1903 The liabilities during
less than IN the nrsr quarter DeloW 49,
and 1908 and only 81 657. 10 more than in
1907. the period Immediately preceding the
panic While for the six months ended
June 81 the record Of she year approaches
the unfavorable character Of 1905. the
amount Of liabilities being only about 81.
I GQ1,090 less than in the first half of that
year, when the depression following the
panic of the fall Of 1897 in full force,
and $4,000 eco greater than in the first six
months of 1879. vet II is noticeable that
decided improvement took place in the sec
Ond quarter of this half-year period.
GENERAL CHEMICAL COMPANY OF
CALIFORNIA--The recently incorporated
General Chemical Company of California
has been formed by union of certain Cali
Efornfa interests with the General Chemical
Company of New York to operate the pat
ents Of the local company and to carry On
General Chemical Company The .iucOr-
I poratorS are employees and representa- tiveS
of the General Chemical Company- Def
mite plans for carrying on the business have
not been formulated as vet. neither have
officers, or directors been chosen. The
General Chemical Company will probably
own the larger part of the capital stock
amounting TO S3,T5no1o-
APPLICATION TO LLST.-Applicatio
has been made 10 the New York Stock Ex-
change to list s13.5no0n1 general mortgage
per cent bonds. due 1859. OF the Public Ser
vice Corporation OF New jersey; 3 tfEt0GN
additional refunding mortgage ) per cent
bonds. due 1877. OF the Peoples Gas Light
and Coke Company, of Chicago and s. 50
go additional guaranteed special stock OF
the Pittsburg. Fort Wayne & Chicago Rail
way Company
MECHANICS AND METALS BANK
The directors of the Mechanics and Metals
National Bank have elected Walter r Al
bertsOn, formerly cashier. a viCe-president:
Joseph S House. formerly assistant cashier
cashier, and Charles E Miller formerly
manager of the credit department. assist
ant cashier.
AMERICAN THREAD DIVIDEND
american Thread Company has declared 4
dividend of l. per cent on the Cornr1orr
stock for the year ended March 81. 1910
payable on July 8 Last year per cent
was declared, The company reports for the
year ended March 81. 1910. gross profits Of
So "A 81. an increase OF s1.N310S over the
preceding year.
DIVIDENDS DECLARED - Dividends
have been declared as follows. The FIec-
tr1c company of America regular semi
annual 81 per cent payable on August 3
the Atlantic Safe Deposit Company. regtI,
lar seml-annual > per cent. payable on July
10; the Mohawk Mining COMPANY regular
seInl-annual 81 payable on August
In nfo-,. states Rubber Company. regular
quarterly : per cent on the first preferred
and quarterly IL per cent on the second
preferred, payable July so
STOCK EXCHANGE SEAT COR ~,
STOCK Exchange seat of E Townsend Trv-iy
mas peen SOLO TO Charles r Leamy for SIS
W., the same price as the last preceding