St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-22
WILL ENTER NEW YORK
A Contract Closed That Will Allow the
Baltimore & Ohio to Run Into
Gotham Town.
Talk Of Motor Line Being Built Be-
tween St. Paul and White Bear
Next Season.
Increase in Tonnage on East-Bound
Business From Chicago, With
Rates Solid.
Build ing of the Cascade Tunnel--Po-
sition of the Pennsylvania to
the 3. 81 0.


New YORK, Nov 21.-A contract was
closed to-day, by the terms of which the
Baltimore d Ohio Railroad company has
secured access into New York This will
be accomplished by means of the Staten
Island Rapid Transit Railroad company's
line. The Baltimore & Ohio will run from
Bound Brook by new line to Elizabeth,
where bridge will be built connecting the
Baltimore d Ohio lines with the Staten
Island lines. From Staten Island. passen-
gers and freight will be conveyed
to the battery by boat The
contract is for ninety-nine years,
and was signed by President Garrett of the
Baltimore & Ohio last Monday and by Pres
ident Emmons of the Staten Island Rapid
Transit company this afternoon. at meet
ing of the stockholders and directors in this
city, The contract covered over 100 pages
of paper and provides rates shall yield as
much by through tariff to the Rapid Transit
company as is now yielded by its local bust
ness, thus securing to the Staten Island
company. so much as it gives up to the
Baltimore & Ohio, and permitting it
to participate in half of the profits
made by the latter company over the Staten
Island lines. The Baltimore & Ohio
guarantees to the Rapid Transit company
second mortgage bonds to the extent of
So 500, 900. bearing interest at per cent,
for forty years, which amount is to be used
in payment for waterfront property al
ready secured at Staten Island, for ter
minal purposes the building of a bridge
600 feet long, across the XII
Won Kull to Elizabeth, for new
boats, and such other arrangements as
may be required. The terminus at Staten
Island will be at st. George, and from thence
to the battery by boat. The bridge will cost
about $780, GOO, and the whole scheme is
expected to be in operation by July next.
To-day's meeting of the Transit company
was attended by holders of 4.50O or 5000
shares of capital stock. and the agreement
was unanimously ratified. Several directors
resigned that the Baltimore & Ohio might
be represented in the board.
Increase in East-Bound Shipments.
Special to the Globe.
CHICAGO, Nov. 21.-There has been an
increase of tonnage this week over the
previous week Of 5, 1876 tons in movement
of -four. grain and provisions to the sea-
board. This would be very gratifying ex-
hibit if it were an increase based on a
greater demand but as it is purely artificial
there is no particular significance in it. The
advance to the 25 and 30-cent rate goes
into effect tomorrow and the 5000
tons increase is the measure of stimulus
given to shipments by that fact. On other
occasions when the advance has been from
low cut-rates to the twenty-cent market,
the increase has ranged from $4,000 to 3d.
600 tons, so that in this instance, if it proves
anything, it is that beyond the actual needs
of domestic consumption. There is moth
ing to induce shippers to move either flour