New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-07
THE ADJUSTMENT OF FREIGHTS.

VIEWS OF MERCHANTS on TIE NEW ARRANGEMENT.
The adjustment of freight rates reached by
the presidents the four trunk lines on Thursday pro-
viding for fixed difference OF three cents to Baltimore
and cents to Philadelphia, as against NeW-lork was
a topic Of general conversation among business men
yesterday, and especially among grain merchants. a
cOpv OF the agreement sent yesterday morning 10
the President Of the Produce Exchange by j. H. tutef
the General Freight Agent OF the New-York Central ana
Hudson River Railroad Company with letter. III wlch
he wrote: "After thorough examination OF tho sub
ect all parties are satisfied that these agreed, fixed
differences, which not to vary as the rates rise ana
al are equitable only to the local. but also to the
expor trade the ocean rates from NcwHOrk To foreign
ports compcsang the trade Of this city for The differ
euce IN inland rates"
Tribune reporter made inquiries of number OF mer-
chants as to their opinions the settlement L. Hazel
tine No. o SoutLst, the Chairman OF tho Committee
on Grain OF the Produce Exchange, said: al have not
Lad much give to this agreement, ana have not
thought much about it, Therefore | am hardly able TO
express opinion in regard to IT, However ii is not
difcnt TO be understood by any one familiar with the
trade and on the whole think it is a much better ar
rangcueut than have had If it is maintained as 1t
should be and ms its require think II will prove
satisfactory and equitable to the merchants Of this city
do not consider surrender, but ia rather compro-
mise. Both parties have made concessions. 4 while
ago Mr. Vanderbilt reported to have sad that there
would be TO tho knife, and tic Baltimore ana ONO
Road was demanding difference OF more than six cents
between Baltimore and NewYOrk. Now Mr. Garrett has
consented 10 less than half Of that sum- NeNIOrK has
considerable advantage Baltimore in regard TO ocean
freights as much larger number of vessels leave tins
port and consequently there is much more freight room
II there are rcbaCs cuts Of kind IN favor
OF Baltimore Newly ork viii be able 20 draw her share Of
the trade with the difference OF three cents in fIeicts
against her; the good feature Of the bill Is the provision
that the shipper Of delivering grain AZ each
Ffft IL
10 which il Is exported as well The numhcr OF days
nee storage allowed thereon, shah be tho same lho
provision in card 10 rail and ocean steam through bs
Of hiding and the prohibition or Loind raj ana octh san
bills Of fading is also good one. Inc arrangement IN
reference 20 westward bound iregAts is in accordance
Charlie, r. H.ckcx Of the firm OF Hughes, Hic:ox &
Co. OF No. ~ Whitrhlst. said that he considered me
ncV arrangement superior to those tnat preceded IL.
II WIS equitable ANA gayestO neither ciy an advantage
the others The difference 10 Baltimore wS lo9:og
wheat According the pTeS i0us arrangements there
about = cents per bgsnci The new arrangement Was
much more bu5inrszike and would be regarded with
agreement was made N good fitl ana would be hVcd
Eranhlin Edison Of No go whtohall,st said that it was
too to express al opinion That would carry any
weigh with H. hut ne regarded the Agreement ~ more
tanned Bnt there Was no more assurance ti' II wo "a
be kept up than lad been gwen II connection MN th
three former cOnpats. lie Gd NOT thE there was any
likelihood ts provisions would be complied WITH II hat
been greatly Tie interest of the railroad companies Ia
ccic agreement, but ne thought that Nj. GdIeit
had deceived the other parties 10 the agreement Now
York had 100000 bushels OF cor wniie Baltimore
had GOGOOOO nut tIc grain would come TO ihls cry Al
this new arrangement should be carried ont.
Ii was said by George G. Martin Of M. 20 SoCtD-st.
that tho terms of the compact would be- accept 81" 10
the trade NCWYOrk II II should be maintained ia sOod
faitl, bat he confident that II BitHOTc began 10
lose is radt the agreement would be violated. similar
opinions expressed by other merchants, VINO sal
taat they should wait aud see how the thug |OrEod
Ouc gentleman said that meeting oi the grain Trade
held yesterday t. COnsie thu ddNSDIiy OF lower
ing standard Of con ANA aGterWaId ~ general CON
NoIsIL0n Inc opinion was expressed tndi Ne" OF >
trade would suffer WITH Discrimination OF three
cents IN fN or OF Baltimore. The demand Tor corn Tor
local consumption here nearly ten times great rs
in Baltimore and the advantage IN ocean Heighis was
IL favor OF lLs city.