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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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N. Orleans
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Kansas City
Louisville
Providence
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St.Paul
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Minneapolis
Denver
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I. T
Indianapolis
Memphis
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Hartford
New Haven
Norfolk
Wichita
Peoria
Porthind
Springfield
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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