, 1880-02-01
RAILROADS.
law Gould. Purchases Several
:: Short Roads Near
:'>- -: St. Louis. :
i New Transcontinental Line to Be
Commenced March /. -.


r.sr-BOUND FREIGHT MOVEMENT
.Thore has been large increase in the east
,;s1,nd freight movement during the past
os"a1E ou This increase has been mostly In
Win although there was also a slight in
etsase e in the provision shipments. This re:
~ l. mostly due to 4 conviction on the part
- the shippers that there will be no reduc-
r.. II freight rates at least Until April l, and
asaSnseonently aS grain for delivery. this month is
ZINC s,no forward more freely. The ru1nors that
e. increase has been caused BY cut Ill rates
~ thn mart Of certain lines is, no doubt, un-
- "for the roads could have no induce
s,ants for cutting the rates under the present
.so,ing arrangement, for if a road does Sc
p tnra more than its allotted percentage, it
Iii have to turn over the surplus to the lines
.s,"t hare run behind. The fact that the
sdc1;ran as Centralhas carried o6 9az 4a4 pounds
~ II total of Il, ,a5a, ,954 pounds or consid-
oat ooGah;r oyer one-half Of the entire amount
eh;nned by all the lines, gave, no doubt, rise
= saiRp tRese r,1r,ors. But the Michigan Central
son1d " have the least ground to cut rates of
sny Of the roads leading, East The, state
ment Of Jan Is SloWs IS 3at+ i1at re auc1Ean
sa issss tons, the Lake Shore short IS 500 tons,
r. lesfS Fort Way1lc ahead 2,4a9 tons, the Pan
H.ndIe H. short l,1D tons, and the Baltimore d
nh;o short 1,6S2 tons. From this it will be
eeen g919 hat the two Vanderbilt roads only, are
considerably out f1 Sf s o %le rcesfe5 fs 1snes e
tbs1 tpe0 csn M well get. Thus the Michigan Cen
traf fi will have to make. good the shortage
# The Lake Shore, and the "cut" would
CO come ne all ont Of Vanderhllt's pocket:
Then il Vanderbilt desires 9es Is, te 70 e1s e!ls
Shme which is far behind, to enable It to
1u catch nm and make better showing. The
c at That the Michigan Central is continually
rT,nning ahead and the Lake Shore proper
timaIIy behind is sufficient proof that the
raiss y. are being maintained and that the il! IN
tq crease oftlle Michigan Central has been legiti-
mate. The bnlk Of the Michigan CentraFs
;ncrpase comes from business conslgned 0ver
the Grand Trunk to Portland and. Bcston.
The(rand Trunk has been favorlt with
shippers here during the last few weeks, ana
has done an immense business. It has been
claimed that this preference is given to the
Canadian road because it makes no terminal
chaTges as is done by the other Eastern lines,
This amounts to reduction OF about
three cents per LOO pounds on foreign ship
ments. But il such is Ieally me !I, Iac{I,
It as the Grand Trunk has its own elevators
at Portland, and if it chooses to abate the
storage charges it is its own concern Inc
tact that reduction of three cents, however,
Should have the effect Of taking the business
lair reduction in freight rates would have a
tendency to stimulate shipments and relieve,
in measure, the overcrowded elevators at
this point The railroad managers, however,
Yill listen to no such argument, and insist
that reduction In freight rates will do no
determined to hold their goods until spring,
expecting to get better prices. The railroads
seem to 6e determined to make no reduction
in rates until about the 1st of March.
The total east-bound shipments OF -four,
grain, and provisions during the week END.
ing Jan. 81 we're 4o,416 tons, agninst 81, ia
fhe week previous, an increase Of L, ,S02 tons.
The following statement will show the
shipments OF -four, grain, and provisions by
the various roads during the past week: =: