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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Feb 20, 1888

Page

6

Financial prospects rise as legal victory aids copper firm

The article notes heavy damages likely for infringement aligning with a court decision that preserves privileges, boosting the company’s financial base. It reports San Diego Land gains, February cash receipts, and rising copper sector metrics including Calumet & Hecla, Tamarack sales, and stock movements across other miners and brokers.

Ago Republic San Diego West Nd Boston Land Calumet & Hecla the Herald Messrs. J Comptoir d’Escompte Paris Boston & Montana Franklin Albany Huron Kearsage Osceola Quincy St. Louis National Mining Company

Money Market Report Highlights 1888 Clearing Figures

The Money Market notes a steady demand for funds with little rate change. New York clearing figures show weekly and daily exchanges, bank balances, and gold reserves, with comparative totals from prior weeks and years. The report lists foreign exchange rates, imports and exports of specie, and bank statement shifts amid a broad market roundup.

Dividend updates across railroads and manufacturers

Saratoga Victory Manufacturing declares a $2 per share dividend while Fort Wayne and Jackson Railroad offers 254 percent. Georgia Railroad and Banking Company boosts its quarterly dividend from 244 to 2 1/4 percent starting April 15.

Saratoga Victory Manufacturing Company Fort Wayne & Jackson Railroad Company The Georgia Railroad and Banking Company

Money Market and Stock Activity in New York

New York on February 18 reports easy money on call with rates 2 to 24 and last loan at 2 percent. Prime mercantile paper at 5 6 percent. Bar silver at 95 5 4 percent. Sterling exchange dull but steady. sixty-day bills 4.8414 and demand 4.8514 to 4.86. Government bonds dull and steady. railroad bonds quiet but firm. Stock market opened slightly lower, then advanced to 8 4 to 8 1 2 percent before a Reading raid trimmed gains. Toledo, Ann Arbor & North Michigan firsts featured. weekly bond sales $5.808 million versus $5.475 million prior week.

Boston New York Clearing House New York Clearing House Chicago St. Louis San Francisco Telegraph New Orleans Savannah Charleston United States National Bank Paris Reichsmarks Sub-Treasury Treasury New York City N. York Philadelp Lee St. Louis Francis Baltimore Cincinnati N. Orleans Pittsburg Kansas City Louisville Providence Milwaukee St.Paul Omaha Minneapolis Denver Galveston Detroit Cleveland I. T Indianapolis Memphis Cohubus Hartford New Haven Norfolk Wichita Peoria Porthind Springfield St. Joseph Worcester Lowell Syracuse Grand Rapids Duluth New Y Atchison Coppers Seeeveersere Eceeeerssors Messrs. Cordly & Co Fitchburg-Canadian Pacific- Adirondacks Canadian Pacific Lake Michigan New York Central Chicago, Burlington & Quincy Chicago, Burlington & Northern Granger Roads Southwestern Roads Burlington & Quincy Burlington & Northern Fannibal Northwestern Association Southwestern Association Covescicsere Chicago & Eastern Illinois Railroad Company Seeessenees Serseereess Prime Mercantile Sterling Exchange Toledo Ann Arbor North Michigan Texas Pacific

Atlantic and Great Western and other rail stocks quoted

London bonds and railway shares show mixed prices with minor gains for some American issues. Discount rates firmed after Bank of England policy shift, stock exchange activity remains dull and foreign securities slide as European outlook weakens.

Commercial Market Summary From Stable Trading Floor

Iron unchanged and lead steady with dull spot copper. Flour and malt ease softly while oats and cornmeal move up slightly. Butter, cheese, eggs stay firm with steady demand for beans. Hams, pork, fresh beef show steadiness as lambs and mutton show balanced demand. fruits like Florida oranges and cranberries available in limited supply.

Boston Florida

Iron and steel trades show steady demand and new steel talks

The iron and steel trades report steady demand for American pig iron with prices steady and buyers covering only actual needs. Market notes edge into new production cuts by 25 nail manufacturers in the northeast and mid-Atlantic, with 13 signing to reduce output about 40 percent. Copper and tin markets show weak to mixed signals as minor transactions and price declines appear on the London and New York exchanges.

London Straits Tin Baltimore Gray Forge Eglinton Summerlee Gurtsberry Sotor Tank London Straits New England Uiet New York New Jersey Pennsylvania Maryland Virginia Pittsburg Post Louisville Cincinnati Tharsis Calumet & Hecla Quincey Boston & Montana Amarack Lake Superior Metal Exchange

London Wool Sales See Price Variations And Attendance Dip

London buyers largely departed as attendance fell while a strong wools selection drew steadier bids. Prices varied with good lots holding prior averages. A woolled sheepskin sale is planned for March 9, and figures cover bales from Victoria New South Wales South Australia New Zealand Queensland Cape of Good Hope and Natal with various scoured greasy and locks and pieces grades.

London Victoria New South Wales South Australia New Zealand Queensland Cape of Good Hope Natal

Market Reports February 18 Flour and Grain Prices

The flour market is quiet but steady with millers firm on prices. Quoted ranges include fine at 2 80 to 3 25 per barrel, superfine 2 75 to 3 25, and various premiums for milling grades. Corn, oats, barley, and rye show mixed but generally steady price activity, with bids and sales noted across No 2 white oats and steamer yellow corn, while cornmeal and oatmeal demand remains moderate and steady.

Farnum, Reardon & Co Hutchinson Anglo Bee Company Minnesota Michigan Canada Superior Canada New No 1 New York New York. We Flour Is Steady, and Quoted At $3 Toe4 OO P Bbl. Milafeed Corronserd Neal Macy

Also Mentioned on This Page

Boston Safe Deposit & Trust Bo Milk Street New England Mortgage Security Co Parkinson & Burr Congress Street Williams & CO Boston Stock Exchange Ailver Cert St. L F. Dp RUG W. Gma Ve M. Kantj St. P Cake GB Sss Tex R. G. U. Pac Erie Den T.g. Nate So. Pp Tex. P. L. G. M. Union Gs N. Pac N.W. Cons W. Shore iHomestake AMA Care En Ea Ee Amador Ontario Brunswick el Cristo Santiago Eureka H.C Chicago Markets Boston Exports Manitoba Rysie Hese Arnold Atlantic Bonanza Devel’t Catalpa Trenton Kearsarge National Tamarack Winthrop Aspinwall Boaton Boylston Street Brookline Campobello Oss Frenchman’s Bay Reese Ees Newport Payson Csees Ban Diego Seerss Topeka Sereeesse West End Esseee Ee Winthrop Wollaston Atch. Coll. Tr Atch. L. G Atc. Plain Atch. Wort Seer Ae . We Atlantic & Pac Atlantic & Pac. Inc Kan West D& West W. Mich K.C T.s. & Gulf Dykk. C K.u St. d C.B K. C L. RK I . Smith N.Y N. E Oregon U. C. Con Pueb Ark Val Rutland Southern Kansas Sonora Union Pacific Wis. Cen Wis. Central Inc Atch Top S. Fe Atlantic & Pacific Boston & Alban Boston & Lowellt Boston & Maine Boston & Providence California Southern Central of Mass Ee G Canton Gol Vitehburg Flint Pere Marconi Klint & Lere M Ft. Scott & Gulf Ft.s.& Gulf New E Norther Te Kutland Kutland Summit Srand iMag West End Rail Wisconsin Central Wisconsin Bell Telephone Eastman Lamson Store Ser. Co Vullman ZL Ff French Bay Punkin M. Quincy T&s Dod M&b Pta B&q KOS &G Ey & Sb Ie Wis Cent Inc Bell Tel Aspinwall Boston Los Qi Lamoine Ld Maverick Eee West End Ce Allouez WOO Plcc Bes Dunkin Do Ly Wranklin St Louis Coppers Co T&sf Spsces B&a B&m Ewe Kt. L. Day & CO Merchandise National Bank i Eagie 2 National Bank O ‘Tremont National Bank Wee Birmingham McKay Bo McKay & Bigelow Nt Co Aiacw Cambridge Gasig Union Pacifis Acagleair Ae Burl. & Mo. RR Maine Central Eau Ae Appielon Nationa First Ward National Bank Waimesit National Bank Fourth National Bank Uring CO Lowell Manufactor Stony Brook Railroad American Atlantic Cotton Eene Eturing Co Stark Manufacturing Co Naghua Manuf Fiastern RR Ptd PHW Hulsdale Ieee Old Colony R. Bays Quincy RR Chicago, Ridge Lit Boston & Albany West End Street Railway MTV Sc Union Toc Ara & Transit Co D Marine Ins. Co Mercantile Fire Michigan Cent Air Line Leavenworth County Topeka & Santa Fe Rutland Railroad Ist Rail Nay, Co Republican Valley Burl. & Mo. Riv Mansfield & Framingham Sand New Mexico & S. Pacific Ark. Valley RR Boston & Albany RR Eek Nys Consolidated RR of Vermont Oregon Short Line Wilson W. Fay & Co No. Street Burton Crescent T.H At. & Pacific B. & Air L. Psa Can Pacific Central Iowa Central Pac Ely Ches Ohio Neve, & Co Jol. & H.V del. & H del. & L den, & RK. G East Tenn Fort Wayn Houston d Centra Xan. & Tex Kings & Pen Lille Lake Shore Long Island _ HOLe Beach Lon Esse Agere Vis Nash Pacific A Northwest Ohio & Vist Rich W. Pd Roch, & Vanes Ee kYsland St. Pius St P.mcmoey O Toran -Acific U. Pagfic B.R . Weer Style & P Iyd and Miscellasehous Companies Sun Pacific Mail Paul Sei W. Anon Ameri Pease Wheeatt Tvs Toveary Bureau of Statistics Great Britain France Enu- Hor British North America Central America Germany Mexico West Indies South America Peter Yaile Tees Brazil Columbia America Africa Esnewe Newark San Franciso Indidhapolis Columbus Iladelphia St. Paul Portland Irty Pullman Hart Scott West Michigan Wisconsin Cntral Sandusky Cleveland & Canton Mexican Central Guadalajara Norwich & Worcester Hastern Old Colony Old Colony Steamboat Company Kelly Lelephone Boston Post T. Louis Incinnati Orleans S.ittsburg Ft. Paul Artford En Haven Ichita Coria Ortland Ringfield Devonshire Street NEW York Financial California Cal Best & Belcher Nevada Seeee Senor HS Con Crown Point le Savage Sierra Nevada Eureka Con Couch Gould & Curry Utah Hale & Norcross Yellow Jacket Mexican Foreign Financial Markets Milwaukee & St Paul Common Pennsylvania Central Philadelphia Reading Bank of England Stock Exchange London Wool Sales
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