New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-30
TOPICS OF THE STREET.

FOREIGN TRADING.-For houses
bought upward Of 5.Coo shares on balance
in the local stock markets
HALF YEAR FAILUREs.-?relimi
statistics of commercial failures in the
United States reported to r. q. Dun & co.
for the first six months OF 1911. emitting
the last few days of June show that the
number of failures was $3.50. with tota!
defaulted Indebtedness amounting to 500
3i2 962 This is decided increase in num-
Der as compared with the 6,3SS OF last year,
but a considerable decrease from the sll2
2S9 BOG of liabilities. On the other hand, in
comparison with 1909. while there is some
increase I'm number. the total in that year
being SSH the difference is not so great
aS last year. but regards the amount
involved sSsjil ,313-the exhibit is much
moro unsatisfactory. Compared with 1908,
when the number was 500 and the amount
involved sl2i,S7i $50, the comparison in every
respect is much in favor OF this year.
UNITED STATES sTEEL.-The United
States Steel Corporation is operating NOR
than 10 per cent Of its finishing capacity.
which is a gain of about per cent com
pared with operations two weeks ago. Last
week operations were on basis of 81
per cent All departments OF the corpora
ton show a good gain, and while there
may he slight reactions from the present
level producers are confident that the ten
dency will be upward. The railroads are
buying more freely than AT any time III
several months. The fact that the FUR
naoes have closed contracts for 10000 tons
of coke and Increased ore shipments are
taken a good indications OK rcviVinS husi-
ness.
DIVIDENDS DECLARED-The Pitts
burg Coal Company regular quarterly II,
per cent on the preferred. payable july %
the Reorganization company initial qua
terly lia per cent OH the preferred, paEaDi',,
July /; the Omaha Water company annual VA
4 per cent on the second preferred, payable
July *: the American Glue Company reg
ular semi-annual 81 on the PREFERRED pay
able 'ust !; the canadian Car ana foun-
dry Comsany regular quarterl% IA per
cent on the preferred. payable July q; the
Bel Telephone Company of Pennsylvani't
regular quarterly IL per cent payable
July L..
PITTSBURC & SHAWMUT NOTES. The
Pittsburg & ShaMmut Railroad OMAN ,liIP}s,i,S
has sold TO Halgarten Co. william
Solomon G. Co, Rhoades & GO. anu INC
Guaranty Trust COMPANY an issue oi 80,
25o0o0 equipment and first lien coilaterai
trust tVo-year per cent notes Ihe not's'
which will he offered by the bankers
shortly. arc secured by $3.Sj0.o01 Pittsburg
e. Shawmut Railroad COMPANY hrst mort
gage per cent bonds. $l250.0O Allegheny
River Mining COMPANY nrst mortsaSt
per cent bonds and $4,000 Of new equip
ment.
CANADIAN PACIFIC ORDERS RAILS.
The Canadian Pacific has placed oVp-
ton rail order with Illinois Steel. Mlscei-
lannous orders for 1900 tons Of rails nave
also been booked this week. The company
will open up its South Chicago plant TO ac-
commodate the large volume OF business
recently received.
STOCK EXCHANGE SEAT POSTED
FOR TRANSCRIPT stock Exchange
membership Of the late Robert GoodbodN
has been posted for transfer 10 Joseph II.
Moore. Of Darr e Moore for cconslderailon
of $4,000. the same price at "hich the iaS'
preceding sale was made
CURB COMPASSIONATE board OF
representatives Of the New York Curn rs,
ISOLATION announces that the new ratea OF
commission. which were 10 go into effect
tomorrow. will not become operative linllI
further notice. Members are requested 10
present In writing only any criticisms they
may wish 10 make TO the committee on
commissions on or before July y.
FEDERAL UTILITIES. - James y.
Rhett. for many years associated with Z.
T.. Day e co, has severed his connection
with that firm in order to accent a place
with the recently formed Federal Ctlities,
Inc No 60 broadway.
GEORGE A. FULLER COMPANY At
a meeting Of the directors Of the George
a Fuller Company George 7. Mortimer
was elected - director ana member ~ thc
executive committee
UNITED STATES GLASS COMPANY
DIVIDEND PASSED Tho United states
Glass Company has passed its quarterly d.
vsdend OF / per cent in order 20 accunlu-
late q larger working capital.
SOUTHERN BELL TELEPHONE cor
pONS.- Coupons due July J. 1911 pertaining
10 Southern Bell Telephone and Telegraph
Company thirtyyear first mortgage sink
ing fund : per cent gold bonds viii ~
paid at the Office Of tho Bankers Trust
company, No. Wen street, New York
tft--