New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-04-11
TOPICS OF THE STREET.

FOREIGN TRADING. - transactions in
the local stock market for foreign account
amounted to upward Of 5000 shares, with
sales slightly in excess of purchases.
SECURITIES LISTED. - The following
securities have been added TO the Stock
Exchange list: $l9.997,7OO common stock of
the New York State Railways, 100000 first
mortgage Az per cent bonds of the St.
Paul q Kansas City Short Line Railroad
Company, $4,000 additional capital stock
Of the Chino Copper Company, $4,000 first
cent sinking fund bonds OF the Consolida-
ton Coal Company and 81. 10000 ten-year D
per cent convertible first lien and refundnS
sinking fund bonds of the Mexican Petro-
leum Company of Delaware.
FAILURES FOR MARCH.-Both in num-
Der and amount the March record of COM
mercial iuSOlVenCies, as reported 10 z. q.
Dun q Co, compared adversely with recent
years, although the heavy Indebtedness in
Volved was due largely TO a few failures OF
exceptional size. Total suspensions num-
bered 1892 and supplied S2l.763,S1O or de-
faulted liabilities against ll2i embarrass.
the preceding year. 9fs for $13,62s5l2 in
1910 ia for Sl3,7lS l62 in 1909 and l,$59 IN
1905 when the Indebtedness was 81. io2 lV3.
OF the total number OF failures in March i
Al. while the average Of the l3l smai! Ter
defaults was sS,Il4, as compared with SOl2S
in the previous year $3.50 in 1910 and only
S573 In 1909
UPPER MA -lNere mas htrii ~
the result OF the producers statement for
March. The showing of approximately an
even break between output and deliveries
was in line with what the trade expected
and furnishes ammunition for neither pro
ducer nor consumer. Most OF the agencies
are sold up 70 the middle OF June arg an
most Of the consumers are bought ahead
until then, so that the present dulness
that prevails may be expected TO continue
until July copper IS more generally oEereo.
trolytic, delivered thirty days, with demand
quiet
DIVIDENDS DECLARED - Dividends
have been declared as follows: The ArneTi-
can Beet Sugar Company regular quarte5!!y
Is, the Federal Sugar Refining Company
regular quarterly IL per cent on the pre-
ferred and Is Per cent on me comEafG o. !;
Payabs April @ the Eom e ctat: D aabGis
Arrii q, and the Missouri. Kansas & Texas
regular semi-annual per cent On the pre-
ferred, payable May TO-
SECOND NUMBER OF THE GCAE1.
ANTY NEWS. The second number OF
! The Guaranty News" published by the
employees Of the Guaranty Trust Company,
OF New York. who have organized under
the name OF the Guaranty CUP mas peeA
issued The magazine is devoted 10 the IN
terests Of the employees OF the trust COM
pany and is replete with instrnctlye ,arG
Giles, among which are New Bank . Busi !,
by H. r Wohlers.
NEW COTTON EXCHANGE MEMBERS 3; 7;
Clarence T. Fuller and Otto {. stem
bauSer Of New York. and Edgar B. Stern.
OF New Orleans have been elected mem
bers Of the New York Cotton Exchange.
LAWYERS TITLE INSURANCE AND
TRTST.-Berthold Hochschild, president OF
the American Metal COMPANY, mas I 2egn
elected a director OF the Lawyers Tue
Insurance and Trust Company.
GENERAL ELECTRIC.-It IS understoo q
that the forthcoming annual sta ,ie T, o5
the General Electric Company VIII snow a
Surplus available for dividends, equal 70
about IA per cent on the Outstanding stoch'
WILLIAM P. HAWLEY a DIRECTOR
William P Hawley has been elected a az
rector of the United States Light ana Hedy
ing Company. TO I'll the vacancy caused py
the death Of Edwin Hawley.
BANK TAKES NEW NAME.-The direc-
tors OF the Prospect Park Bank OF Brookly !
have decided TO change its name 10 the
Flatbusn Bank, as more CLOSELY lnGlGHt't
OF the location Of the institution, wnlch rs
al Flatbush and Church avenues III the
central part OF Flatbush.