, 1880-08-29


months ago conditional on the Grand Trunks
entering the + anu ,ne cuntma
lion Of that conditional award THIS apporti2n-
,neat covers all shipments since May. Ino
urand Trunk since that time has been author,
i.cd TO get whatever it could ut full rates, and
report. What it obtained will not be muoh diff
ferenr from what was awarded 1t. bllt ~ trans-
fers have bceu made for Il long time, anu con
Siderable ones arc needed TO give some or Knp
roads their proper percentages to dnte, a1'a me
.'evenfny ought tt> bu dUno before there IS an
other cnAn::c III the tariff.
IL Will he seen that of the 10 per cent Of
freight awarded to the Ch,caEn n y Grand Ea''
tr,.l, from The Lake Shore lsll from the Fort
Wayne. AS VIC noted lust week, tho shipments
Of tho year eninS WITH h Ma" st ut as tue erres 1sxa
It, therefore, siasooo. The Michigan ccntral's
per cent n Of M fresht Which loses
Be estimated equivalent to Slae0W Of gross
cummings. Most OF tie live stock that tho Chi
OF it. The per ceut taken from the Michigan
Central and rhc Lake Shore WIS carried cast at
buffalo chiefly by the New York Central ,''l ana
most. But even If it hud the whole Of the
per cent and it all went to New York (and a
very large share Of it goes to New England,
its earnings from this amount at tho current
rutes would be but about $4S0.oN, which Is
about III per cent Of this roads income for the
current yoar md not more tn its r6rsq*e n en OF
sylyann' = loss over the whole linc between Chica-
and New York would be f2160oQ In year. AL
these estimates OF quantities OIL tho DASiS OF
tho lowest-the grain and tour-ratcs. and the
lowest rates OF this year ut that, but not Dy any
means the lowest rntes of list year. Still, for
doubtless averaged rnor, than 80 cents: for
ncuriy four months it was 10 cents and this will
1nore than make up for the time from May TIL
Aug H. during which it was slowly climbing
from about 10 conts to 10 cents. hut 1t vii! not
be safe to calculate that tho average rate VIII 10
as high hereafter The price Of grain is low,
and though 1t is moving forward in greater
sells on the lakes are not so occupied as to enable
them to get high rates; and until nnv-
igatiou closes their rites will lntt tho
rates which tho railroads Will DO
able to get for grain. Then noxt season
after navigation opens there will be q good
many new vessels on the lakes, and It IS ex-
trcmcly doubtful whether u 3o-cent rntc can ho
had then, On tho whule, wo think tho railroads
will be doing very well 1t they get IN asarage
rate of 80 cents on grain for the currens-c crop
year and thereafter under ordinary clrcufn-
Stances, The great bulk Of the other through
east t-bound freight pays five cents more per
hundred, aud the freight traihc 1s not going to
aDpyc as the earnings of a given percentage OF
tho Chicago traffic arc doubtless considerably
In i've stock, the Lake Shore, it will be seen,
has much tho largest share 1t carries TO nearly
every important e-stOck market In tho EAST
Including Pittsburg since the PItrshurg y Lnko
Erie wa5 completed. which no other Ch1cago
ago or mo1e was taken from the Ponnsy lyant9
Chiefly, Just as now tho Chicago s. Grand
Trunks share Is taken mostly from the M1chi-
nr,1n Coutrat.