The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-17
&C., sci. $50 sa4. s50, os7 e.. oa4, 2s5

Though this increase is still quite satisfactory
glance at tho later reports shows eight Of the roads
report smaller earnings in March, 1876 than during the
same month In 1875 and three others report smaller
earnings the latest week. though not for the month
some however. continue to gain handsomely; ST.
Paul. Toledo and Peoria, Kansas City and Northern,
Iron Mountain and, above all Canada Southern, vic
earnings March, 1876 double those OF the same
month last year.
Governments closed easier and the business Of the
week limited. The demand is principally from
banks and capitalists for permanent investment
Tho railroad bond market was likewise less than
usually active, though prices for odd lots well
kept up especially Tor securities Of known good stand
ing The total transactions of the week aggregate a
little than 81, 900, 000
State bonds have been neglected The total official
sales amounted Only 1913 O00 Of which Of the
District OF Columbia ss2O0 at 69K, 20, 6s1a,
0s7; Missouri long bonds, $4,000, at 1914 lo4ss
Msscuri's of 1877, ss,0OO at 1925 New York Bounty
$50 0O0 at 1o4's.
RAILROAD NEWS.
We learn on the authority Of a Western newspaper
that the Iowa railway pool consisting Of the Chicago
Burlington and Quincy; Chicago, Rock Island aud
Pacific and Chicago and Northwestern Railroad, have
been nghting the Chicago and Alton Railroad on the
California business since this line has established
route 10 Omanu ID competition Win the ABOVE Toaus
The OF the light the through rates from
New York TO California have been unusually low dur
ing the last months and the pro rata Of the Chicago
roads has amounted to little than nothing. Tho
pool have length become tired OF the fight and
have buried tho Ratchet
meeting OF the stockholders Of Toledo, Wabash
and Western called, be held Toledo, Ohio May
81, for the purpose Of considering the financial nd
ton OF the company, ana to sec If anything can be
done TO prevent the the road under foreclosure
General d. Cox, receiver has been appointed SPECIAL
master to sell tho road and gives notice
that DEGREES Of foreclosure Of tho consolidated
mortgage and orders Of sale issued by the courts in
Ohio, Indiana and Illinois, he will offer the road at
public sale in Toledo ohio, June 10. The sale will
include tho road and It's branches extending from To-
ledo to Camp Point Hamilton Naples and East St
Louis H., 60l miles in all. with tho buildings
franchises equipment and all other property pertain
ing to it. The property will be sold unit and sub
jcct TO nil liens prior the consolidated mortgage
and enumerated in the decree The minimum price
allowed is $1,000, 900, payable in cash or In CONSOLE
dated bonds be taken at their pro rata value TO DO
fixed by the Court The sac is to be without rcdemp
ton, but subject to confirmation by the courts.
An immense wharf is in process Of construction at
Cavan Point, N J. bill has been introduced INTO
the Legislature enabling tho Baltimore aud Ohio Rail-
road Company, VINO are SuppOseu 10 De euShgcu III
tho work. TO take lands tho shore front by
domination. II is supposed that the railroad company
intend To make Cavan Point their eastern terminus.
The bill contcmpatcs improvements IN the shape OF
storchouscs, &c, which will cost over $i5, 000, 0o0
A telegram from Cincinnati states that the six
per thirty year gold loan Of that city has been
awarded to Espy Hcdclbach 4 Co for the account Of
a Syndicate consisting of Mcssrs. Kuhn. Loeb Co |;
Heidelbach Icseinemcr Co. Nellcr Co., and other
bankers, OF New York city.
FOREIGN INVESTMENTS.
The London Findncier in article on the above
subject makes the following comments. which, in .
degree are applicable certain kinds OF securities
our country
The ncld Of selection for investments meeting
the present requirements OF tho public Is becoming
continually less and less wide. A large number OF
foreign stocks have rightly to be regarded with
dislavor and this why the available circle
OF investments has become OF late unusually small.
Another cause that the public Is favor Of
and specc lativc stocks avoided The demand for
has been strong and continuous for
long time past and all those dealt the London Stock
Exchange which possess any claim 10 be regarded Us
such have bcen eagerly bought that II has become
tho question Of the day In what direction must inves
tors turn their atentiony Tho great demand for
ana the scarcity al sound securities been
excmpii1ed by the remarkable and, indcei, unprecc
dented manner IN which the public have overcome
long existing prejudccs against different classes
OF stock within the last few months They are In tact.
ready take any kind which rightly be regarded
II Is therefore, natural that they should look further