New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-25
LOCAL MISCELLANY.
RAILROAD INTERESTS.


GLOOMY VIEWS IN REGARD TO THE BUSINESS OF
THE COMING sEAsoN-THE PRESIDENT OF THE
ERIE ROAD MORE sANGUNE.
Advices were received in this city yesterday
that the Indianapolis and St. Louis Railroad had
restored its rate for NewYork passengers 70 @ as be-
FORE and had fixed the rate TO Cincinnati at S. In
order, however to compete with the Ohio and Mssis-
slpp aud the Baltimore and Ohio Railroads, the Indi-
annapolis and st. Louis road determined to keep down
the rate for Baltimore passengers to Sl3 80, and for
Washington passengers 10 Ga thereby compelling all
passengers for NewYOTk who might be DESTROYS OF tax
Ing advantage OF the cheapened rates Ito change cars
and purchase tickets at Baltimore. AS Ne"-forA
passengers would even then save 81 80 In the Trip u Is
believed that many will put up with the inconvenience
Baltimore In order to save the money, especially II
they should be unncumbered with baggage.
The ue agents OF the South Shore roads met yeser-
day ct the Metropolitan Hotel for the purpose Of adjust
ing their accounts for the past month. Many OF them
appeared to be very depondent in consequence OK tue
depressed condition of business, and gave express
to tho worIs There by far too many railroads
for the business of the country and If some change
bankrupt" Another agent SAID thaS he Thought that
tue present year wouid De he oneaPe1I Sae. SSJ
lower than they had been BEFORE" In TINS des
pUndIug view OF affairs the line agents not DOrue
out by the President OF the Erie Rahway, MT Jewett.
who said yesterday that ne looked for very Eely anu
busy seas0n and the maintenance of fair rates. He
hopeful O speedy eud Of the railroad rivalry as
he fancled that many OF thosUrat present engaged IN
Cae suicidal quarres were gradually coming TO thelr
senses lis Thought the cuttnrOit policy OF the Cana
dian roads would soon be ended Committees IRON
the English Stockholders OF both tne Grand Trunk ana
Great Western Railways were on thelr way 70 luls
country for the pdrpose OF investigating the cause oI
the quarrel.
conference of the general freight agents and other
officers or the three trunk lines was neld Yesterday
afternoon I'm the general Ire gnrrOom Of the Erie build
log for consideration Of stock rates aud for 0ther
similar business ter being III session Tor over three
hours tue meeting adjourned Tor without having
VI the conference stating that tAey we're no wiser AT
the end OF the meeting than they had been at the be-
guulng" As tue representatives or eacn OF Ihe three
had the special OF their company 10 con-
slder 10 found necessary 10 adjourn tue meeting
without coming To decision, IL order that eaCn com
pauy mtoIe ted could DO informed OF the proposals VI
their competitors.
Very little change reported in the position of az
fairs between tue conflicting les; the representatives.
OF those lines which bad cut under tue regular ratea
stating that there prospect or their restoring tue
time TO come L. aG all, Wnilo those Huts
WHICH have been charging full rates fOE freight and
passengers reduction will De made from
the present tariff until the usual general TeducVnJ
kuVwn as the summer rates" are promulgated
RUMORED CONVERSATIONS IN ERIE.
In Wall-st., yesterday, Erie was the strong
stock the list. the price opening at 26i to 2S on
reports that the Company had compromised with Jay
Gould all outstanding litigation for 100000 that it had
sold tine Pennsylvania coal lands to English company
about 50 OC0OO and that arrangements were to be
made with tho UlOn Pacific whereby the Erie was 70
become the EIstorn link OF chain OF roads.
One OF the Erie directors sat that Mr. Gould had been
taSlng OF settling for month past but had not done
lands were pending and would probably be concluded
in short time With respect TO prospective freight ar
rangementS between the Ere and the Union Pacnc
Of UniOu Pacific Railroad, said there was no
truth In the reported combination.