New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-02-17
TOPICS Of THE STREET

roRrIGN TRADING.-Foreign houses dealt in
~ shares IN the local market. selling 100
tn-d 70 sag but foreign bonds made q good
Gu The general London market was in
tive with weakness in the copper issues. Money
o. IN fair demand at the British capital The
~, ~ Germany reduced its discount rate to 815
b1- .r+ and cable dispatches suggested the proba-
g1..- az an immediate issue OF Prussian or i'm
ussI German bonds as consequence OF the easier
y.-Ssncv in the money market.
'-rpvAN BANK RATE REDUCED-The I'M
- bank Of Germany has reduced its minimum
- Of discount &c 81 per cent This is the first
Is r.. n the banks rate since June 10, 1903
Zen reduction Of = Of per cent 70 per cent
IS made OF the three great banks Of Europe
80. NJ Germany has been the most reluctant to
- .- frs rate and even now its 81 per cent COM
Io~ -~f-r : per cent in France and England In
- -s- cent the highest figure in the history Of the
,sss,ehx5snk. which came into existence with the
1-1er Empire in 1870 following the defeat OF the
800 The first reduction from this rate was
I.'5s tn January last year 10 sls per cent.
COPPER TRADE -CONDITIONS.-Sales OF cleo
80 ooaper were made yesterday in small vol
- st as low 15lz cents a pound. the lowest
80 -, -esrhed IN the current downward movement
sTS.,ce1IZ- no business is being done at the Off
e. e -,nder way or contemplated. despite the slack
s.-1snd from consumers. Exports OF copper IN
January were lss5 tos' against oSUIs IN the same
T1cnth last year
n v-o PLATA MINING REPoRT-The annual re-
- ~ the Rio Plata Mining Company. operating in
. c+a+e Of Chihuahua. Mexico. for the year ended
-. En- Iaas shows that the net profit on mining
..-ations amounted TO s24s SOS The company has
rsruirsd title from the Mexican government TO 127
80 ~ new mining claims. There delivered
- the NIL 1=1S tons OF ore. with an average of
a. .s,css Ct silver the ton and total contents
- 80 ounces Of silver The cost a ton Of
ore amounted 70 lib
coT1.TBT-s AND HOOKING COAL AND IRON.
re directors Of the Columbus and Hooking
r.I end Iron Company have elected Henry &
Eysekfus 1ice-president, TO succeed L. c. Lathrop
deceased. Henry S. Jeverich hiss been elected a
director and member Of the executive board 20
succeed Nj Lathrop-
COIN FOR THE ARGENTINE-The National
rank Of Commere shipped yesterday $4,000 gold
oo,n 10 Argentina. making total exports for the
s. n that country S700.ol0. Since January J
rhir-,erts have been $4,000
.srFRJCAN TELEPHONE AND TELEGRAPH.
p Morgan & Co. Kuhn. Loeb & Co. and Kid
ss- Peabody & c. announce that the time for
-nsrinz psyment Of the balance due on their
rsirfs for American Telephone and Telegraph
convertible per cent bonds 500 paid, expired
al such receipts should make payment Of the
balance due without further delay.
PRODUCE MEMBERS WANT EXTRA HOLI-
rIY-Tne members OF the New York Produce
F7-rhznse have circulated a petition TO have sthe
exchange closed on February p.
Guaranty TRUST COMPANY CHANGES
The Guaranty Trust Company, Of New York.
nounces that George G. Henry has resigned as
-sc.-p-esident- Max May. manager OF the foreign
department. ana Lewis r. Franklin. manager Of
The bond department. have been elected vice-presi
dents Of the company
COTTON EXCHANGE MEMBERSHIP SOLD
The Cotton Exchange membership Of NJ T
Main jr has been sold TO c H. Miller for Slz5oa
The last preceding sale was ct $4,000
CHICAGO PNEUMATIC TOOL COMPANY d.
7EcTORs oRGANIZE-The directors Of the Chi
cszo Pneumatic Tool Company organized yesterday
Nv the election Of John r Mckinley as chairman Of
the board in place OF Charles N Schwah resigned;
X O. Duntiev, president, succeeding his brother J.
" Drntley, resigned. and Charles Booth vce-pres-
tdsnt, IN place Of ". o. Duntley.