The Hartford herald., 1879-12-24
rELEGRAPH RATES REDUCKD.
wbas IaprSveA Raeslssses mave H.
so1ed the WeseegB Unboo c..
pany - Do.


The sale of 1000 shares Of Western
Union Telepragh Company's stock BY
Frank Work q Co, William H.. Van
derbilt's brokers, in two blocks, to Ken
nedy, Hutchinson & Co., and John
Bloodgood & Co., at l06, On the Stock
Exchange yesterday, caused good deal
Of comment, and speeulators were run
ming eagerly about seeking to learn the
reasons. Among the many given was
one to the effect that the company had
resolved to anticipate the commence
ment of business by the American
Union Company by sweeping reduc-
ton of rates. President Green, ,-on being
asked as to the truth Of this report, ac-
knowledged that q reduction had taken
place, but put il upon very different
grounds. He said that long time ago
his company had resolved, as soon as
they should be in possession of certain
extra facilities then in contemplation,
to give the public the benefit Of them.
More than n year ago he himself had
advocated that the reduction be made
ON the basis Of fifty cents to Chicago
The extra facilities alluded to wore the
addition of strands of No. wire to the
various lines of communication under
the control of the company. During
the past year over $1,000 miles of such
wire had been tested, but there had been
no hurry i'm putting il up, as the CON-
pany did not anticipate any such in
crease of business as has occurred dur
ing the past s--s>>>--T To al<1ss.~s@- th-.
extent Of this increase President Green
said that heretofore September has been
the largest month in point Of telegraph
ic business of the year, and there has
usually been large falling OFF about
the second week i'm October. This year
October was the largest month, and
there was no perceptible falling OF until
the last week Of November, making the
of the increase last six
weeks longer than was ever known
before. About 9, ,O05 miles Of the No. 4
wire are already up, and on Monday the
between New York and
Chicago was completed and i'm working
order, with quadruplex Instruments at
tached, obviating the use Of automatic
repeaters ut Buffalo, and placing Chi
cago In as close telegraphic approxima-
ton to this city as Boston Ia Had this
been done during the height Of the ne
cent grain speculation. the business OF
the company would undoubtedly have
been further increased to an enormous
extent, as Ii Is possible nov to send a
message to the West and receive an
answer inside of half an hour, whereas
before two hours were required. On the
eompletionof the new line to Chicago
the following reductions immediately
went into effect:
To Chicago, Indianapolis, Louisville
and Cincinnati, nom sixty cents 10 my
cents for every ten words, and fr0m foor
cents to three cents for each additional
word. .-
To st. Louis, from seventy-five cents
to sixty cents for the first ten word,
and from five cents to four cents for
each additional word. .-
President Green added that accord
ing as the wire should continue to BE-
erected and the facilities should increase,
further reductions would be made. A
through line of No. 4 wire b now i'm
progress Of stringing direct to San FRAN
cisco. When il b completed, the tariff
10 that city will be very materially re-
iueed. Unfortunately, the bad weather
now to be expected, will seriously inter-
fere with the putting up OF the wire,
but il will be pushed forward as fast as
possible. Questioned of the subject Of
,he proposed reduction Of cable rates to
.welve and half cents per word, Mr..
Green said he understood that the new
French company have still $50 miles OF
and wires To erect in order To perfect
heir communication with this city.
This will probably require six weeks to
and until it rs done the
Western Union Company, under its
,fiicial Instructions, can not begin 20
AXE messages at the reduced rate. In
MS opinion there Is enough business to
smploy all three cables, but it would re-
Iuire six times the amount of present
business To make the reduced rate pay.
-Nstr York Times.
On account Of the low price Of labor.
which is Mt least thirty-three per cent.
,elow its price at the north, our manu.
acturers here can compete successfully
With the New England mills, and still
ave very pretty margin Of profits
)fthe fifty-five cotton factories in North
,arolina, twenty-six Of them built since
so, not one that has been mannaed
light has failed To make money ID 10
rue that many Of them have absorbed
heir clear profits In the purchase OF
lew machinery OF i'm other improve-
nents, but money has been made all
he same.-Chdrtotte " e., Observer.
The Legislature will do a wise thing
D place at the disposal of the Commis-