, 1874-03-11
RAILROAD NEWS.

Freight rates oil tho various railroads leading
from thiB city to tho EaBt aro now nearly as low
as the nrerugo summer rates when competition
with tho various water linoB ia III full blast. This
III mMinly owing to tho fact TINT Hhi ipments to
the East llayo lato]y decreased to such nj, extcnt
that tho various railroads wero compelled to tako
off a number Of their freight trains. Our warc-
houses mud elevators are filled to replotion !;
still our merchants nro reluctant to
slip ut present On account Of tho low
prices obtained for provisions. tt is aaid
TINT corn and wheat bring q batter
price in our m aret just now than thoy do in tho
East. Tho reduction in ratcB ntado Monday
VIE not OH account Of any disgension or ind
faith OIL tho part Of t1o managers of tho several
freight lines but because business il 90 dull tlat
extraordinary Inducements lave to 10 o1Forod to
shippers to get tllent TO ship at present. The
fnIling os III the freight business commences to
toll very seriously OIL tho tinnccs Ut the various
Two weeks, lave dropped noarly go per cont.
Thero is hardly my doubt that tho freight war
betwoen the Chicago Western lnoa aud tho
Union and Central Pacitio Railroads will soon DO
renewed, unless there should 10 n change In tho
management OF the Union Pacific nailroad at
the rlootlng which is holding Mt l,oalon to-day.
alr. Vining hns, during tho last weoi, been dis
eliminating against tho Chcago roads i'll direct
violation Of Ills recent agreement. If tho rll-
NOR proves true TINT Jay Gould haa obtained q
majority Of tho stock OF tho Union Pacific, these
littlo cccentricitios of Mr.. YininG will undonbt-
cdiy come to q speedy termination.
RAILROAD pss8ESoEn-NATEs,
Dispatches hhve boon received III this city yes
to-day htuting that railroal passongor-rates to
Chicngo hive beon cut III Now York, Tickets
which heretofore sold at sea aro HOW selling at
from sis to ST. Tho rntoH from this city to
Now York arc still s22 OIL nll tue 1hoH. oxcent on
tho baltimore & Ohio. which ehargoB only SIS,
THE TRACK UI4EAR.
Tho Agent OF tho Union Il Central Pacific
Raroad In this city has rocoiyo1 a dispatch iii
forming linn tint the obstructions from the
suow-blockalo OH the Centra! paoi1io hayo boon
removed, untl no trains l,ayo beon deluyol by
anow Gust OF Ogden. All trains aro running
regularly. ..........
Spec,a. D.spttoh so m. Chicago 4fibane.
M1LwAuKgE March 1n.-The principal OF tho
bonds maturing OH tho 1Ht OF March l1st., az
Hlu,od by tho milwaukee, < st. Paul 1sailroad
Company by tue terms Ut consolidation with tho
old Lacrosse g. Milwaukee Rgllroad Company,
hayo not been paid by to milwaukee, i st. Paul
Company, ni,d lol1ors Of tho bonds have given
notice OF tEoir intonton to prococl for thoir re-
coyory. The bonds wore originally issued in
1851 to tho ola LaCrosBo Compauy by tho City Of
Milwaukee. Inquiry Of tho Comptroller olicits
tho line, md the Council will 10 asked Tor III
ntruution to forec!oHe at itsnoxs mooting Alex
untlor Mitchell, President Of tho Ut. Paul Com
pany, las bee.. notified thnt proceedings ayo to
10 tukou. Tho St. Paul 1aoad 0igom to exchange
for tho bonds slieet coupons Or itB own hnltis.
Tho Interest has always icon puucLually paid by
tho st. Paul Company.