The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-09-21

In local commercial and manufactur-
Ing circles, railroad talk stlll predoml-
mates, and both the Baltimore & Ohio
reorganization and possible consollda-
tea with the Great Northern, and the
probable requirement OF the Cleveland,
LoraIn & Wheeling By the Federal Steel
Company are being discussed with great
interest.
Indications multiply that the Federal
Steel Company will soon acquire the
Cleveland. L0rain & Wheeling road.
and Of course that means the extension
OF the road to the cOnnellsvllle coke re-
gions, with possibly the acquisition OF
the wheeling Bridge & Terminal sys-
tenn on the side. II .hls road Is not ac-
quired, a very expensive bridge across
the river and right OF way through or
around Wheeling viii be necessary.
The manner In which the Cleveland.
Loraln & Wheeling stock figured on the
New York stock exchange last week Is
interesting and significant, when taken
In conectiou with the rumors OF the ac-
QUESTION Of the road by the Federal
steel Company. The sales Of preferred
stock on the exchange last week
amounted TO t4,O05 shares, and OF COM
mon stock 6.7sO shares. The preferred
stock sold at IS cents, aud the common
stock at Is cent?. This Is a much heav-
fer weeks transaction than has ever be-
fore been recorded for the stock OF this
road. Compared with the Cleveland,
Lorain & Wheeling sales Of stock dur
ing the week, the Wheeling & Lake
Erie, which has made a muck heavier
Increase In earnings this year, did not
make 50 good a showing. the sales OF
common stock aggrsgatiug Ass sharea
and Of preferred stock $3.50 shares.
As to the Baltimore & Ohio reorganl-
cation and consolidation. there lie stIll
much contradictory expression of Views
on the part Of persons interested, and
1t is denied by Receiver Cowen that the
consolidation or close relations with
the Great Northern win be eousummat-
ed. On the other hand, there are state
msnts made In Chicago that the consolI-
dalton will follow the reorganization.
NOT A TRANscoNT1NENrAL
Says a Chicago dispatch:
The Baltimore & ohIo-HiH combina-
ton turns out to be- Baltimore & Ohio
deal exclusively. This Is confirmed, not
only by P. D. Armour's assertion, but
by James ]. Hin. More Chicago people
are interested in the Baltimore & Ohio
reorganization than n. d. Ream. P. D.
Armour and Marshall Field. John W.
Gates and his following. known as the
Illinois Steel crowd, all OF whom are
wealthy men, ard have larEesmeass at
their command for any deal that they
may enter, are also heavily interested,
and have been for month"; 1t Is un-
derStood from parties very close 10 Col.
Gates that the Chicago capitalists have
formed connecting link between J. P.
Morgan Speyer & Co., and Kuhn, Loeb
& Co, assisting in the reorganization.
They went Into Baltimore & Ohio when
the stock was around the bottom They
paid one assessment, and made the 9TH
ers out Of the advance in the stock 1t
IS considered a good property, and while
some OF the speculative holdings have
been sold out, the extent being 10000
shares by one party. their holdings are
stiH large, and they Will see the deal
J. J. HIll's connection With the Balti-
more q Ohio VIII he simply asa dIrec-
'of. y. u. Ream, who Is TO 10 into the
executive committee, has developed
HklnS Tor railroads within the past few
years HIS FIRST ventures were as
speculator In securities. Then later he
became Interested in street railways.
Vow he is an executor OF the George ".
Puilman estate. and one OF the heaviest
stockholders In the Pullman company,
ana u gradually working into larger
IaIrOad Interests, which he findB more
mohtHble than wheat specuiations, In
which he made his original start.
p, lhe baltimore & Ohio. Wisconsin
central, OF Chicago Great Western. and
the Great Northern would make a good
sranfcontlnental line, but would be far
from first-class one. as the Lake
SHORE, Northwestern and Union Pacific,
hH OF which are controlled hy the Van
,derblliH, a. well as the other eastern
ilheH, IN connection with the Santa Pc,
Are superior ttanscoHtlnental i.neH. with
Mhlch the new combination would have
a. coii,pete. They. are oil good proper