The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-11-23
TIE New YorI, market innl,fai.-

TRIDAY MORNTNG. NoVEMBER %.
THE New York market, including
gold, made another heavy sag yester-
day. Quite an increase of the recent
panicky feeling was developed. Gov
ernments, especially the sevsn-thirties.
suffered a considerable decline, The
tendency for the time being is decidedly
downward. The money writers, who
appear to be bulls, generally, fight the
decline good deal, but, like water
damned up, 1t overhows and becomes
"too many" for them. Everything is
above its value, and just in proportion
as holders realize that fact will they be
inclined to let go at sacif1ce and make
their losses as easy and as light as pos
sible.
The Baltimore ana Ohio Road Leases
tine Central Ohio for Twenty Years..
An Important Arrangement.
An important meeting of the stock
holders of the Central Ohio road took
place at GAINESVILLE on Wednesday last.
Some 1900 OF the Sc, 900 shares of stock
were represented. An arrangement
was effected whereby the Baltimore and
Ohio railroad takes lease of the Cen.
trail Ohio for twenty years, paying
therefor IS per cent. Of the gross earn
ings, which would be, ON the basis of
the earnings last year, about $3.50, 900,
or sufficient to pay six per cent. on the
bonded debt and the stock, which, to-
gether, amount to nearly six millions
OF dOllars., The Baltimore Company
propose 10 go right ahead, the
first thing, and put the track and
rolling stock of the road in first-class
condition. BY the first Of December
they will be prepared to ship freight d.
rectly through from Wheeling to any To-
cal point in Ohio, and receipt for thes same
Rtthe depot here, something unknown
heretofore. Indeed, we may say that
by the arrangement entered into, the
Baltimore company has simply extend
ed It's track to Columbus, for the Cen
trail Ohio will be hereafter, to all intents
and purposes, "A mere continuation
of the Baltimore road. The whole pow
errnl influence of the latter company
will be directed to the work of making
the consolidated roads the favorite
route for passengers and freight, from
all points West and Northwest, to the
East. The magnificent bridge Mt Ben
wood, in contemplation for so long
time, and already prepared for in the
way Ofstone, will be pushed forward ms
rapidly as possible, and, with the COM
ing year, we shall begin to see the
beneficial effects of "A new and less par
tisRn railroad policy, both as regards
the through and local business of the
two roads. Tho arrangement will OF
course make the main stem, from
Grafton to BenwoOd, the great thor
Oughfnre for travel and trade. The
heavy and bulky transportation, such
ms cotton, hemp, tobacco, flour and
pork, will seek the river, as usual,
from st. Louis, Louisville and Cincin-
natl, and take the rail at Parkersburg,
but interior lines from the West and
Northwest will be induced, hereafter,
TO concentrate strongly upon Column
bus us their natural Eastern connec-
ton.
We may mention that the interests
of Wheeling as an objective point, were
discussed at the meeting, and her
growing importance as n great manu-
featuring centre, was dwelt upon with
very considerable emphasis. The pol
icy of throwing every facility in her
way for shipments, was spoken of as
the true policy of the consolidated
roads, and we are Informed that on this
point there was the best of feeling be-
tween those representing the Baltimore
company and the city. Among the in
creased facilities thus discussed, was a
local train from some point this side of
Columbus to Bellaire, to leave, say
Cambridge, at six in the morning, ar
rive in Wheeling at half past nine, and,
returning, leave at four in the evening,
This would bring a vast amount Of nat
ural trade to us, trade, we may say,
that has been coming to us. moro or
less, in despite of great difficulties, for
years. The local stockholders of the
Central Ohio road, at the meeting, were
extremely anxious that some such an
arrangement should be made. We hope
it will be.