New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-04
TOPICS OF THE STREET.

FOREIGN TRADING-Foreign houses
sold upward OF 10000 shares on balance IN
the local market
DIVIDENDS DECLARED ~ DIVIDENDS
have been declared as follows: Inc Studes11
baker Corporation regularly quarterly =
per cent on the preferred, payable June !.
The United Cigar Manufacturers company
regular quarterly Il. per cent on tne pr,
ferred, payable June l. The Cre1 Cdi =,
Company regular semi annual 3 per CEN,
payable June IS. The American Smelte.,s
Securities Company regular quarterly ~
on the preferred 4 and IA on the pteleIIeu
3. The American Tobacco company ieeg
lar quarterly 2la per cent and regular z
per cent on the common, payable June i.
The Butterick Company regular quaIteIy
81 OF per cent, payable June J. Inc NlIsS.
Bement-Pond Company regular qusI IeII
~ per cent on the common ana preae co ~
mon June 90 The Diamond Match toM-
pany regular quarterly IL per cent, pay
able June 10. The Netherlands ItainWay J,
Corporation per cent on the preferred
payable May 10.
APPLICATION TO LIST-Appllcation
has been made TO the Stock Exchange 20
list Chatham and Phenix National BANK,
81 10000 stock: International steam fuihp
Company $4,000 additional hrst zen
per cent bonds due 1929: American smelt-
ers Securities Company, Sl5"Vg D per
cent fifteen year bonds. due 1925. and Mason
Valley Mines Company, $4,000 STOCK.
HALL SIGNAL COMPANY-J. S; Bache'
Newman Erb. w. +. Morgan and W. =.
Hall have been named as a committee 70
formulate plans for the reorganization OF
the Hall Signal Company Holders OF the
company's stock are requested 10 deposit
their certificates with the Empire trust
Company.
MONEY FOR SAN FRANCISCO-The
Sub-Treasury transferred yesterday $780,!
TO San Francisco for the account OF local
banks
FAILURES IN APRIL un.s Review
SAYS: The number OF commercial FAILURES
was larger than in any other month OF tilis
year with the exception OF January ana
larger than I'm April. 1909 and 1910 though
less than in 1905. while the total liaplilues
we're less than in any month OF this year
and less than in April, 1910 and lSls belng
slightly greater than in 1909 An unfaNora-
BILE feature of the April exhibit; however
IS the large aggregate Of small defaults;
There were ! 90s failures during April, as
compared with l,i60 in 1910 and 900 IN isO.,
h93 of these defaults being of the trading
class. as compared with 1913 In 1910 ana 40
in 1909: the manufacturing detaultS mum
bering 1893 as against 522 In 1910 ana -o5 III
The total liabilities OF the month were
sl6924.71S comparing with 3D. 'i,otl ~
March and with Sl7,12,59 in April, 1910, ana
with sl6S25,2I6 FL April 1909. or the total
commercial liabilities Of the month, u
21353S represented defaults OF under $1,000,
this sum comparing with S,si9,ss2 in 1910
and with Slo,763.157 in 1893, which was the
long series Of years. TIE average Of these
small failures during April was $9.5li-the
Anart from this Increased total Of La
bllities among small concerns the failure
exhibit Of the month compares fdVoraby
with that of last year.
OFFERING OF NOTES.-Harvey- Fisk
& Sons are offering $4,000 HUDSON
Gounantos & uer cent secured convertible
gold coupon notes at 9si2 and accrued In
terest. These notes are part OF an Issue
of SO $4,000 sold by the company In 1910,
NJ IN per cent of Hudson & Manhattan
Railroad COMPANY first mortgage Az per
cent bonds due 1851