Impatient Politicians Rally as Blaine’s Son Receives Post
President nominates Eugene Schuyler for assistant secretary of state and Cyrus Bussey for assistant secretary of the interior, with critics noting Schuyler’s diplomatic prowess and Bussey’s disputed ties to New York. Walker Blaine named examiner of claims, while Reid May face opposition from the Typographical Union over England post. Senate confirmations include Mellette Dakota governor and other territorial appointments.
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Copper Market Slumps as London Buys Mexican Central
In New York yesterday the market showed little feature while Continental markets stayed weak and heavy liquidation hit foreign accounts. Copper remained the notable factor, rattling confidence. Montana holdings moved mainly by Charles Head & Co under cover as French buyers bid under market value. St Paul directors declared a 2 percent dividend on preferred stock, reduced earlier to 2% and now down another half percent for 1888, with substantial common stock dividends absent. London bought Mexican Central stock moderately as the issue traded freely at 13 1 2 to 18 1 2.
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