The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-10
GOLD FLUCTUATIONS FOR THE WEEK.


closed strong, especially in the line Of governments,
which have been specially sought by the savings and
other banks IN and out Of town.
State bonds quiet, many Of the transactions
being mainly Of private character and not reported
to the Board.
Railway bonds and investment shares show steady
support and With such exceptions have been
ported IRON day to day were firm.
AMERICAN LOANS IN EUROPE
Il is u gratifying incident connection with pend
ing affairs that $40 600 900 paid In London in
the past month account OF loans for American
enterprises nearly SIS 0o0, 900 gold, account
Of subscriptions 10 American loans during tho first
quarter OF the year. This fact shows that in spite OF
tho discred arising from the late extraordinary
pensions OF railroads. we'll established roads
still borrow large amounts on the London markets
THE cnRsAPRAKE RAILROAD
The polls for the election OF committee for the
purchase and reorganization Of the Chesapeake and
Ohio Railroad close tomorrow (Monday) at three
O'Clock About SCI 600 900 OF the s27 0o0 900 bond
holders have qualified for voting by accepting the plan
Tor reorganization proposed by McssrA Richard lrvin
A. "A. Low, John Cartrec, William whitcwright, Charles
Burkhalter, Fisk Hatch and others Those who have
yet approved the plan have been notified that by
calling at the Office Of Fisk Hatch blank copies
be obtained. AS over two-thirds Of tho boudhodcrs
have already subscribed the matter may be Of sufficient
Importance to tho small minority which have not yet
acted TO require their immediate attention.
RAILROAD NrELLIGENcE.
over 500 miles OF narrow gauge are now being built
In Ohio
The managers Of the Eastern pooled lines Chicago
are sli discussing tho ACCESSIBILITY OF reductions in
tariffs
The Chicago, Burlington and Quincy Railroad Com
pany has assumed the management Of the Quincy,
Alton and ST. Louis Railroad, which will hereafter be
known as tho Hannibal division OF the Chicago, Bur-
lngton and Quincy Railroad.
Chicago correspondent says that tho Illinois Gen.
trial. which has lighting the Iowa law since
has been enacted, has given up the fight and will
hereafter conform TO the strict letter OF the Law. This
makes considerable OF reduction the old rates.
TN FIRST class and second class the reduction from
sl4 to s1a As viii be by the above the reduc-
tons from this city very little. The prnci-
pal benefit Is derived by the Iowa grangcrs tho
auctions from point 10 point in Iowa quite large
For instance, the passenger ratio from Dubuque to
Sioux City has been reduced from sl3 to 50 So
Tho principal reduction, however, Is mado In
freight rates from point to point In Iowa.
There arc in operation in Canada 4,4s3Is miles Of
railway, which have been constructed at cost OF
$685. 7s2, 557 O. The profit this large amount OF
capital Is only about Ia per cent This poor exhibit
does not arise so much from low rate OF earnings
from high ratio Of working expenses, which reaches
moro than 81 per cont Of the receipts. II is hcro
where the original estimate Of the Grand Trunk proved
TO DO at fault and the snme Is no doubt true Of the
other roads. If the working expenses could be cut
down TO moderate figure ray OF hope would break
In upon our railway interest Apropos, It Is stated
that an order has been issued by the officials Of the
Pitsburg division OF tho Baltimore and Ohio Railroad
announcing that after tomorrow reduction OF
per cent would be made In the salaries Of conductors
and all other passenger train like decrease
will be ado In the pay OF the clerks in the freight de-
partment and the laborcrs engaged in tho
Of way.