The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-09-21
FOREIGN NEWS.
ENGLAND.


LONDON, September 2O.-The Rich.
mond Iron Works, at Stockton-on-
Tees, comprising twenty-six furnaces, and
rolling mill, and employing three hun
dred hands, has suspended, The con-
Cern is solvent,
THE CORN MARKET,
LONDON, September 20.-The Marx
Lane Express OF this evening has the fol-
lowing review Of the corn market for the
week The last gatherings OF harvest
in the south OF England have been well
secured. The usual consequence has en-
sued, and the reduction in the prices Of
wheat have been universal, say from one
to two shillings per quarter, Our
averages, however, are only one shilling
and sixpence above those OF last year,
The French claim that the growth has eI-
ceeded their wants by about three million
quarters, but the fact that the French far
mers are more reluctant than ourselves
to give way confirms the impression that
the estimate il erroneous, The Paris
market has been steady for flour and fine
wheat, though it is about shilling easier
for inferior. In the Provinces there has
been very little change. On the COnti'
nent generally there has been but little
movement, the markets IN some places In
Germany being iirmer and in others
easier. In London prices have only de-
clined a shilling, and In Belgium hardly
that, but In Hungary, with better sup
ply, there has been decline Of two shil.
lings per quarter, and the same is true Of
Denmark. The holders Of Odessa still
demand higher prices.
THE ERIE ROAD FROM AN ENGLISH STAND.
POINT.
Sir Edward William Watkin, who has
just returned from a personal inspection
Oi the Erie Railroad, has published his
report, in which he describes the perma.
nent way OF the Erie Railroad as quite
equal TO the standard In the United
States, but the rolling stock, he says, Is de-
GCient. The net revenue Of the line Is
only q per cent Of the gross receipts, and
the outstanding debts OF the company are
equal to about II months Of profits. Sir
would not raise new capital In the
present state Of the company's credit, but
advises the bondholders to devote the
earnings of the line towards paying the
debts and to issuing certificates for mort.
gage interest. President Jewett Is highly
spoken Of, and the bOndhOlders are ad.
vised to support him 10 their utmost. A
has been signed securing to
the English interests substantial inilu.
ence in the management OF the company,
to place the whole business on
an Ineligible footing.
Sir Edward Watkins in the course OF
his report says: Jewett speaks conf.
IDENTIFY OF the probable future progress Of
the net earnings, but he (Sir Edward
postpones an expression OF his opin.
ion until he has had an opportunity 10
inspect the next annual account and bal.
lnce sheet. Pending the proposed lltiga.
tiOns with various parties involved In
the complicated transactions to large
amounts, the probable results Of these
proceeding cannot be included in ledger
entries necessary for constructing a bal.
lnCe. He continues to believe in the
present state Of credit Of the Erie un.
lertaking, which seems to us i'm.
possible, as 1t would be nnwise
,ven II possible to endeavOr to raise and
remit more capital for England. can
recommend no policy but that OF self re.
The railroad must pay Its
lebts by using part Of its current net
earnings, and the courts may permit such |
IN appropriation II the receiyership is
he alternative of the time the foreclos.
ire has been threatened. II the latter Ia
o be avoided there must be cooperation
md control In the working Of the former.
advise you to accept the receivership as
he best alternative under all the ciTcnm.
'tanCes now possible, and further advise
1ou to rely upon honor, as feel you may
llso rely upon the anxious la6ors and
ull experience OF the President and re-
'eivcr Of the company.
TURKISH AFFAIRS.
LONDON, September 2O-5:3O A. Nj
4 special from Berlin says the Porte is en-.
leavOring to impress on the foreign |
powers the necessity Of fixing date for |
he determination Of consular: mediation |
N the insurgent camps. The Turkish |
government, in view Of possible mill.
AIRY requirements, have ordered the con.
truction OF the Sophia Nisch & Ban
aluka Railway to be pushed with the ut.
most dispatch.
A telegram from Vienna expresses the
opinion that now, MS the Turks have had
ime 10 occupy in force the Bosnian from.
ier, the chances Of renewing the insnrrec.
ion in Bosnia have vanished. The Turks
row have force Of $4,000 men concen.
rated on the frontier Of Servia.
Fifteen thousand pounds sterling were
from the bank yesterday for