The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-17

Surplus to sinh ing fund. $3oO,OGO
This estimate Of the quantity of coal Is not equal to
the supposed capacity Of the road to transport but is
asl umed the quantity likely to find profitable mar
ket at so early day. or until the demand for it shall
enlarge.
The object Of this detailed report at this time given
b, the president of the company, follows
To TIE MAYOR AND CRY Council or BaLr1xoRE-
GENTLEMEN II have been instructed by the Board Of
Directors Of the Baltimore and Ohio Railroad Company to
intern the city authorities Of the need that company Is
suffering for capital to complete their road to the
city Of Wheeling, and to ask their assistance In the form
CURED for that purpose.
In order to your govsrnr in considering this ques
ton, present documents A. and C faithful state
nent of the receipts by subscription and by credit II the
present capital and the Expenditure thereo statement
30th OF September last which especially given 10, the
purpose Of showing the vast increase Of trade since the
lst Of April last when the road was announced to be
transport it. asd an estimate OF after further
expenditure Of Eve II iGons of eol,nrs
My instructions to ask at this present time only for
70 much ss should be expended in the ensuing twelve
eighteen moaths, which IL estimated at ave millions Of
dollars and is believed to be the full extent e aid
quired from the city complete the road The necessity
tor the large additional outlay of capital in track
the only estimate demanding explanation to those
not acquainted With facts developed proof the bust
ness of the past six months The amount of trade now
Offering, derisg az it does in its charser and there
fore subject to vnrius rates of speed uyon the road
far to- large to be spoted with safety and
upon single track 80 that second track as far as
Piedmont US miles from this city, is absolutely neces
snry in view OF the immense quantity Of coal de-
mandDg transport, of the junction at Cumberland with
the Pitsburs and C,nnellsvis and at Fstermsn with
the Northwestern Vii ginia Railroads. and OF the To-
creased traffic which tina pstion the Central Ohio
Railroad to Wheeling must bring This last auspicious
importance Of this connecting link with the roads of To-
diana aud Illinois cannot be neglscted-it brings st.
proveents of its great State and gathers her wealth
board.
The dry goods business Ia still devoid OF activity and
hmness owing mainly to the lateness Of the season. and
partly to the severe financial pressure; yet owners OF
desirable fabrics experience little difficulty In posing
ola they wish to SELL at fair prices as the demand for
such productions, though of retail character, Is rss
lively more extensive than the available stocks In mar
ket Ih state OF All rs demonstrates the true policy
for the adoption Of manufacturers Let these but strive
more TO elevate the character Of their goods well a. to
render them attractive to buyers and less to produce
large quantities, regardless Of quality we'll ~ to effect
heavy saks las have frequently had occasion to
remark very doubtful conditions and they will assured
y find the result Of such exertons both beneficial to
themselves and to their customers Heavy brown sheet
ings and srtpgs are moderately active and Hr being In
reduced supply Beach sheetpgs and hirtsgs Of desir
Kinds hnd ready buyers at full rates. There
considerable amount Of unpopular vt, les Offering at m
her lower prces but such descriptions arnot needed at
present Cotton aannes sparingy dealt in at angud
figures Leading makes Of denims ere quite saleabls
and steady. though the stock on hand Is augmsnting
gradually Drills are in pretty good request at 7c for
browns, 7%c. a Sc. for bleachsd, and Co. . exc fer
blues. No important change has occurred in tucl,
which sells freely and ON lucratce terms Ginghams
still In demand at 1c Lawns are unaltered. Nanksens
nominally unchanged. Osnaburgs comparatively
aud In brick request 1T buoyant prices Printing
lNth k~k
proved The trade in prints s nov exceedingly light and
such goods former quotations not easily
trpes are in comparatively fair demand and very firm
Ticks, too, pretty salsabe and steady, The sub
joined 10 Q comparative statement Of the shipmsnts