Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-05-18
From Baltimore.
CORRESPONDENCE OF THE WHEELING IarE IlIdExcxn

CORRESPONDENCE OF THE WHEELING INTELLIGENcER
4 "a q. BALTIMORE. May14-P.M.
Withingthepast year thereYhas been perfect
/ mania amongst our citizens and the spectators o.
New York ip regard'to thegcoal operations in the
vicinity of Cumberland, Maryland. AS rs gener
ally known, that entire region is filled with an in
exh iustible quantity OF btuminous Goa, land since
the opening of the Baltimore & Ohio Railroad, af-
fording easy access to market, it has become an
article of greatwealth and business Coal fields,
which once would not command fifty ceats per
acre, are now selling for hundreds of dollars.
Companies for mining purposes are constantly
forming, and the stock being dealti without linn
it. Speculation is completely on tip toe. All
manner of schemes are put into operation to de-
press and elevate the value of stock, to suit the
caprice of bulls and bears. Parties are sent out
10 write it up and others TO write it down. The
newspa per press, by means of bribery, corruption
intrigue and deception, is made use of to this end
as one of the most powerful means. There are
heavy capitalists now in this city, who it is known,
'Sold short,' using strong endeayors to depre-
ciate the stock of several other companies. Arti-
cleS have been written and published with this
view, and those who innocently copy them are not
aware of the motives. 1t is known and acknowl-
edged fact that the coal business is rapidly becom
ing OF vast importance, and it is yet comparatively
in Infancy. The demand excells the supply, and
its consumption is every day increasing with an
astonishing rapidity. The Cumberland coal is
known 10 be most desirable article. Those,
therefore, who embark in the operations of the
companies now forming, in my judgment, need
mot al
article which will always find market anil con-
mand good price. The regret is that there is not
more competition. u -,L.E --A9.s.,
1 learn that Mr.. c.. c. Fulton, formerly report
in the Office of the Baltimore Sun, is about pur-
chasing an interest in the Baltimore American In
this case Mr.. Base, of the present proprietors
will doubtless retire from the paper.
A new steam transportation company has been
formed in our CITY, for the purpose of importing
goods and passengers from Baltimore to various
points on the Eastern shore OF Maryland, and
along the shores of Virginia. They have obtained
their charter for capital of $780, OOO about $40.
600 of which has already been subscribed. It is
designed 10 build two handsome steamers to cost
about $4,000 each. The rapid increase of trade
travel and business between the points where
IheSe ooaS arc " iuH, IS SuIHclenl guarantee tol
the success of the enterprise. The Virginia trade
especially isincreasing very rapidly, as it is with
all points of the South. .a-
1t is gratifying 10 know that very large dele
CATION will go from this city and State, to attend
the convention OF business men, which meets soor
in Nashville, Tennessee. The Governor has an.
pointed a large number of delegates upon the part
of the State. +
The:increase oftravel on the Baltimore and Ohio
Railroad, to and from Wheeling is beyond the mos
sanguine expectations;--over one hundred persons
arrived here by the last train. .
Business is study-sales to-day before the Allan
tics newswas made public of 900 bbls. Howart
street flour at s4,s5. Afterwards it would no
bring over S4,75. .p a5-a
Grain unchanged. Red Wheat 11Oa114 cts
white 1l4a12oa12G cts-wlte Com 56-.yellov
59a60c before the news-aiterwords prices decli
ned-oats 4Oa42 to A cts-Rye sSa92 cts.
Provisions .dull-unchanged. ..,-
Coffee dull-week's sales amount to $500 bags
Rio 9a93 cts; stock on hand SO, 900 bags.
Cotton dull at ! ct. decline. = q =Ea
Sugars dull The receipts of the past two week
from various quarters are over {, 1000 hhds-Ashe
43a5a cts.-orleans Molasses 27a29 cts Whisk
22a23 cts. 20 aa. .-r
Moneymarket continues very easy. w.
."