The New York herald., 1875-12-23
The following are the Philadelphia stock quotation
THE FOREIGN MARKET.


FOREIGN MARKET
The London advices report the withdrawal OF 1854 900
bullion from the Bank OF England balance to-day
Money continues easy at London, tho the Stock
Exchange government securities being per cent
Consols a shade easier and United States bonds
firm. Erie has declined to 1874 consols, money, 93
do, account 93H 1865 bonds old, lo4; 1867 bonds
1861 lo7; tensorty bonds, 1861 new nves 1o4a4
los; Erie, l3A.
MEMORANDA
The San Francisco Alta California of the 18th inst
contained the following-T charter OF the British
steamer Vancouver to the Pacific Mail Company ex-
pires to morrow, and that of the yasco de Cana
pres in January Both to be Immediately turned
over to the agents, Macondray II Co. They are both
In hno order and excellent ships both for comfort
and speed; the latter vessel especially. She made
record the China which has never been beaten
and probably will not be equalled for time II is
currently reported that heyare be put the China
route again. in opposition to the Pacific Mail Company,
under the able management of Macondray Co. The
bare of the report gives great satsfac
ton TO all interested in business with the Orient
THE RAILROAD WAR.
A despatch from Boston says:-s'The Grand Trunk
road at present refuses to reduce its rates. but
leved It will be compelled to do So The Boston mer-
chants much excited because the freight rates
from New York to the West lower than from Bos-
ton, and they demand further reduction"
That the readers OF the HERALD may comprehend the
full effect Of this war; below show what the present
rates from New York TO Chicago when reduced 10
per per mile The calculation is made on the
distance by the Central and Hudson and Lake Shore
route 1852 mes), and results as follows:-
First Sssond Third Third and, and Special
Mills. 11lo0 9-10O 100 5-l09
II may be remarked that these rates do not vary ma
teriaily from those which have prevailed since July
until the recent advance, from those at which
large proportion Of the business had continued to be
done after the advance had nominaly been established
The Central and Hudson in its report for 1874 ac-
knowledged that II cost nine and sixtenths OF mill
per ton for each mile freight was transported which is
about forty-scven per cent than the highest of
the above named rates.
At meeting or the directors OF tho Producers Con.
solidated Land and Petroleum Company to day dvi-
dend OF three per cent declared from the earnings
OF the past quarter payable at the Treasurers Office
No. "A Pine street. and after January 15 1876. The
transfer books viii be closed from the 9th to the 18th
prox. inclusive.
TOLEDO AND WABASH
For the information Of the Toledo, Wabash and West
Railroad Company stockholders it should be under
stood that the decree OF sale obtained Ohio under
the foreclosure proceedings OF the gold bond mortgage
Is by 6nal In order TO acquire right to
sell decrees must be obtained in the State
courts OF Indiana and Illinois, as well In Ohio. In
Illinois the question cannot be reached until AFTER the
LIST Of February the Court win bo session un.
ill that time In this last named Court the opposition
will be developed, any is attempted, and this, we
presume Will depend upon the pecuniary support OF the
stockholders.
Should sale take place under foreclosure the road
will loso its special charter and tho buyers must re.
organize under the general laws OF Ohio Indiana
Illinois, which in tho last named State means under
the granger laws and subject TO the odous restrictions
Of the new constitution. Every mortgage bondhoder
upon the road viii be interested In the final set
tlement OF this matter, and the mortgages
prior TO the foreclosing mortgage may perhaps find
the loss OF valuable charter not favorable to their
securities The Wabash road, subjected TO the whims
and caprices Of the Illinois Legislature, and clearly
under the control o. the existing granger laws, may
be much less desirable as railway limo than in its
present condition. I!ths view is correct and bc.
lieve the facts arc We have gwen them h would
have becn much better to have retained the stock.
holders tn reorganization or eva 70 have left tho
road in the hands OF receiver
The earnings Of tho st. Louis, Kansas City and
Northern Railway Company Tor the lrst two weeks in
December follows>-
1929 so 9s
LOGS 81
increase. SS lJ3 90
SECURITIES
The following securities sold to-day -
Thirty four shares Third Avenue Railroad Company
1891 l40 Of p Sargent for So 0O0 with interest
from November 1875, due May s. 1877 $3.50, shares
Sixth Avenue Railroad Company and $4,000 do do
scrip, $loOooi 900 shares Canton Company, Of Bal
tmore 40A 80 shares Peter Cooper Fire Insurance
Company, 206; 1000 shares Union Consolidated
Mnns COMPANY Of Tennessee. 5000 for lot $50 shares