Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-01-03
RAILROAD MATTERS.
Passed Into Control Of the Indiana,
Bloomington and Western.

lNDIASArOLlS, January "A ClrCUIaf was
issued last night stating that hereafter the
Indiana. bennington and Western. west of
Indianapolis. will be known rs the Peoria
Division, under the Supcrintendence Of T.
III, Wilson. Notice was also given that the
ImliaNspoliS Decatur and Springfield, on
tomorrow, would pass into the absolute con-
trol Of the Indiana, Bloomington and West
en- and also that Major Hcnning. Presi
don't of the latter, would Immediately pro-
cesd to locate the line for the st. Louis
EtcnsiOn from Decatur south.
Tac Years GrOwtli-what IL has Cost
Traffic Keeping Face With the
Roads.
A New York authority, discussing the
possibility OF panic during the present
yGr, said: over eight thousand miles Of
railroad have been built in 1851. 1t is
hardly possible that the cQst Qi roads and
riding stock has been less than $25 900 per
! mic. Probably 500, 900, 900 have been ac-
tually expended in single year in build
iHs railroads, while securities for much
lager amount-prObably $4,000 per mile,
Ol'$220. 600 0OO-havC been created and in
p,rt sold to investors. In former times
railroads have been built mainly with
foreign capital. This year the cource
Of exchange and of trade has
amount of foreign capital has been
borrowed. Much the greater part of the
money thus invested must have been
drawn from the surplus earnings Of this
country. The traffic Of the country is in
creasing with amazing rapidity. The six
largest railroads i'll the New York report
for 1880 showed q mOAcmCnt OF Dl92 l02
tons of freight, against 9,lGl,99 tohs in
1870. Their traffic had almost precisely
doubled for every five years. The other
railroads reporting which moved G,952GS0
tons in 1870, moved %, ,45l ,3O6 tons in 1880,
an increase on 222 per cent. in ten years.
Rapidlyas railread mi. cage has increased,
il has not grown as rapidly as the tonnage
OF roitroads. So f,ar tie business hos
ReSE faster than tlie facilities for doing
n. unless the new roads of this yoar prove
IN excess he public needs, nIle farmers naers
p corn ssld from M the cH or M sIea ssan ,leT SeT
tSs fsSssep aTep GF Of sss eass @ SEA as s
cisef wheat from theerop of 1880 Nseniain-
ed unsold when the cr0rof this year ba6An
to come in. The producers were able TO
market only 100000 bushels last, yeer,
and have of old and new wheat Just as much
to sell in 1881, but at an advance of one
third i'll price. The quantity OF corn held
over is not less than 200, 600 bushels. N
so, the producers had in hand when the
season opened only 100000 bushels Of
corn less than they SOLD or CONSUMED IN
1sSOsl; and yet they have been getting
nearly 90 per cent. more for the corn sold
1000 New Cars.
COLUMBUS, January 2.-Thc Columbus,
Hooking Valley and Toledo railroad has
contracted for ! 900 new cars, at the Gill
Car Works, in this city.
Another Grand Combination.
BosToN, January 2-The President ofthe
Danvillc, Olney and Ohio River road re-
ceivcd telegram to-day stating that con-
nectiOn between his road and the Chicago
and Eastern Illinois road had been made,
thus securing an entrance into Chicago.
The directors decided to extend the road
this winter to connection with the Louis
vile, New Albany and St. Louis road, and
during 1889 to complete a system to the
Ohio river at Paducah. and thus secure
new through route from the river system
of the Ohio and Mississippi to the lakes.
and giving the Chesapeake and Ohio road
direct connection with Chicago.
Matters Of General Interest.
BALTIMORE, January 2.-The year 1881
was favorable for the Baltimore railroads
and their connections. Holders OF their
securities have not suffered by any serious
fluctuations. Baltimore and Ohio common
stock opened the year at lSOalSI and closed
at 2O0a2l0, and Northern Central, which
commenced 1851 at 45IIaiG. now holds its
own above the fifties. So much for the cf-
fectS OF the trunk line war on the roads
which belong to this city. Mr.. Wander
bilt's New York Central stock. which conf
menced the year at ljj, closed it at l32,
decline OF %.
A Baltimore banking house circulargives
the railroad events OF the year which were
especially important TO this market as fol-
lows: The agreement upon a plan OF re-
organizatiolapf the Marietta and Cincin.
natl Railroad; she great improvement in
the condition OF Me Southern railroads and
the advance In their stocks; the sale OF the
Philadelphia, wiinnl gt6n and Baltimore
Railfnad to the H6klsylvania Company;
the sale ofthe yNiyginiA Midland, and the
lease o, The Aslhnta and charlotte Railroad
to the RichnloEd ana sBanRille Company;
the attenipt and fazlure 81 Mr. Jay Could
to get possetsiesi ef the Ohio and Mississip-
III Railroad, ETyTET "A