Morning journal and courier., 1883-05-14
News by Telegraph FROM ALL QUARTERS. EAST BOUND FRBIGHTS. A Falling Of Of Shipments
 At Chicago. THE CROPS CONSIDERABLY LESS. The Outlook Promising For Further Reduction. THE ARMY OF THE POTOMAC. Arrangements Complete For The
 Annual Reunion.
 THE WEST. Illinois.
THE ARMY OF THE POTOMAC.
Arrangements Complete For The
 Annual Reunion.
THE WEST. Illinois.

East Bound Shipments A Falling OF
 for the Week-Prospects of a still Fur
 ther Decrease This Week.
 CHICAGO, May 13.-There has been but little change in the situation as regards the east bound freight business from this city by rail Shipments continue light and the prospects are that they will continue to de- crease for some time to come. The stock of grain in the country has been exhausted and but little will come forward to go east by rail until the new crops come in. What little is left to go forward will be shipped by lake unless the railroads should make a further reduction in rates. If the railroads continue to charge the present rates throughout the summer they may expect smaller business than they had last year and shipments then were the highest ever before known. AL though strenuous efforts are being made by the trunk lines to prevent a further reduc- tion in rates, there is but little prospect that it can be done. The competition between the various roads is far more active now than it has been for years on account of the opening of new lines. The business which last year was divided between six lines will have to be divided this year between eight.
 Concerning the meeting to be held in New York Wednesday for the purpose of taking steps for the submission of the new lines into the pools there are but few railroad men here who entertain any hopes that satis- factory arrangement for the admission can be made and it is thought that each road will soon start in and try to get all the business it can regardless of pooling agreements. It is generally understood in high railroad circles here that Vanderbilt resigned the presidency of this road in anticipation of such a war be- cause he did not care to have the blame for having brought about the conflict placed upon him. MT. Vanderbilt promised the stock holders in his roads that as long as he re- mained president of the lines he would pay per cent. dividends. If war breaks out now his roads will not be able to pay such dividends, and being no longer connected with the roads in .an official capacity he cannot be accused of having broken his word. If the prospects for large business next winter were fatter- ing the eastern lines might try to worry through the summer, but at present the crop prospects are none of the best. All accounts agree that a large percentage of winter 
 usually backward and farmers have not yet been able to SOW much spring wheat or pre- pare their fields for corn. With such pros poets the railroads cannot afford to keep up their pooling arrangements as there is not likely to be enough busi- ness to go around and give all the lines enough to get along. The great trouble is that there are too many lines to the sea- board for the business The total ship ments of flour, grain and provisions by the eastern roads for the week ending May 12th amounted to 35.00o tons against 36,371 tons for the week previous. The total ship ments for the corresponding week last year amounted to r, ,848 tons. The surprising feature of the week was the increase gained by the Grand Trunk road, this line leading others considerably. MT. Galloway bluntlY denies any attempt at rate cutting and MT. Reeves vouches for the maintenance of rates by an official circular. It is believed that the present week will show further decline in shipments.