, 1875-03-11

{ ~< NS
kx1us1vE1Y TO THE DAILY DISPATCH.
NEw YoRK. March 4.-Ths Pacific r.
r. and Pacific Mail combination agreed
yesterday upon an increased freight tar
if between the Atlantic and Pacific
Coaets. a. follows: Railroa' :. first class.
from % Is to S: second clGss, from 2 to
4; third class, from l 80 to 8; fourth
class. from so to 2 so; class A.. from
/ 70 to 2 25; class c.. from l 50 to l IS;
class D., from 40 10 l so.
Pacific Nail, first, to - so; second.
to 3 so; third. to 2 50; fourth. to 2 Is;
class A., to 2; class B.. to IS; class
c., to 50; class D., 20.
Rufus Hatch. who continues ~ man.
aging director of the Pacific Mail. was
interviewed yesterday and is made to
say: We ahall reduce our feet now;
there are q vessels in active use. OF
these We shall take ono from the New
York and Aspinwall line: two from those
steamers plying between San Francisco
and Panama, ana four from the China
lines. Some of these will be taken of
permanently and are ready for sale as
soon as We can find purchasers. Others
will be docked and brought into use
when times are busy. sag along in July.
when he tea trade is brisk; At other
times the men will be paid of and the
ships laid up"
No person has yet spoken for Cotton.
rs to whsher be will accept theldirector-
ship of the Steamship Company. Hun.
tington. who was also interviewed, is
reported as saying that nothing had
bsen done that at al interfered with the
6xed purpose of the Occidental L on
entail Steamship Company to run their
steamers. One Of them was loading
now for Hong Kong.
Congressman VIM. S. King Of Mime
sofa arrived at this city last evening and
is at the Windsor House.
The Evening Post says: "The 70.
cent upward turn in stocks caught two
or three large spectators heavily short.
and they threaten to unsettle the gold
foreign exchange aud money markets.
for the purpose Of driving stocks down
to prices where they can recover with
out loss. To do this both gold and cur
rency have been taken ont Of the banks
to influence to-morrows bank state
ments."
Tho E1pres, sa5s: "Many townshavs
been called in front BY the brokers in
order to get up . scare. Some banks
are mixed up with this business" =.
new YoHK, March SIT il said Z
slique has been organized for the pur-
pose of attempting corner in gold
The object of the clique. ~hile ostensi.
bly, making gold scarce. is said to be te
bear stocks. nearly all the parties in
terested in the movement being largely
short Of stocks. Rumor has il that the
bank examiner will be appealed to to
interfere in the matter.
Gold closed at 81 Is"
CHICAGO. March 5.-One Of the results
of the unprecedented severity Of the
past winter has been to freeze the water
in Lake Michigan in this vicinity to IN
extent never before known. As nearly
as can be. .ascertained the Lake is frozen
as much as twenty miles from the west
ern shore, and party walked out to
the crib Of the water works. two miles
and half distant. over the ice. The
harbof is piled full Of ice and the river
is frozen to an unusual depth. Great
apprehensions arc felt a. to the effect Of
sudden thaw. which is iiable to occur al
any time. and the City Engineer is try.
ing to devise means to clear the river ol
ice by cutting itbsfore the weather be-
comes warmer. ] Merchants in the vicinity
Of the river are clearing the Easements
and preparing for flood. which seems
inevitable whenever the break mp comes.
At present. however. the weather. a.
though moro moderass. is still cold.
BosroN, March She italian bark
Giovanni was wrecked OF Cape Cod
with all on board except the steward.
Fifteen persons perishsd. Although
bark Giovanni was but 400 yards
from shore, the live saving men were
unable to get line to her. tho bombs
with which the station is supplied PROV
ing worthless.
CLEvELAHn. Msrch s.-Rsv. james
Cpnlon, twenty-five yeaEs pastor Of 81.
Patrioks' Catholic Church, died to-day.
aged "a.