St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-14
New Rates Put Into Effect From Chicago
Yesterday Which Produce Scarcity
Of Freight Offerings.
Gossip Relative to the Negotiations Be-
tween the Vanderbilt and Penn
sylvania Lines.
The Oregon Transcontinental Sus-
ponds Operations on the North
ern Pacific Jamestown
Lumber Rates to Southwestern
Points Advanced--Constr
of the Freeport Road.
The Effect Not Noticeable.

Special TO the Globe.
CHICAGO, July 13.-There was nothing
to Indicate to-day that the restored tariff
had gone into effect, unless it was a scarcity
of offerings on low class tonnage, although
about the usual amount went forward, but
as this is all being taken under the old rates
the movement had no bearing on the
advances. The fact is that tonnage is at a
low ebb. The freight agents held a meet
ing to-day and contemplate holding series
OF meetings during the week for the pur
pose of watching the drift of shipments
and aiding each other to stick to the pre-
scribed rates. Some discussion was
had at the meeting relative to rates,
but no matters pertinent thereto came up
for regulation. There is a general adjust
ment of rates in all directions to the new
tariff to the Seaboard that went into effect
to-day, and the Eastern roads are regulating
their proportions accordingly. \ new
schedule will be announced in q few days.
Setting Things Right.
Much interest is taken in railroad circles
concerning the negotiations between the
Pennsylvania and New York Central lines,
and though it cannot yet be affirmed, it is
well aScertained that ali absolute agreement
has been reached upon many points. The
problem that is being solved involves many
points, each of which is subject to so many
constructions that it would have been ut
terly impossible to commence the settle
ment, now in progress, if both sides had
not started with the principle that they
would give and take" both sides conced-
ing certain points under dispute. Since it
has been determined that settlement
should be made there have been daily con-
terenceS, in each of which some progress has
been made toward a final cOnsummatiOn.
Several important points were mutually
agreed upon last Friday, and it may be
safely stated that the most hazardous pOr-
ton of the deal has been accomplished.
When the plan has been finally settled it
will be accompanied by heavy monetary
penaltieS-So heavy, indeed, that no COM
pany would risk the sacrifice. 1t is prOba-
bic that this penalty for infraction of the
agreement will be either $500, 600 or
81, 900, 600. \ surprising feature in the
agreement is said to have been demand by
Mr.. Vanderbilt that the Pennsylvania rail-
road company should buy his interest in the
Reading railroad. This was at first posi-
lively declined. but certain advantageous
propositions have been linked Herewith,
so as to make the matter more palatable to
the managers of the Pennsylvania road. If
this part of the deal is completed, it will
give the Pennsylvania entire control of the
North Pennsylvania and branches through
having control of the Reading. and will en-
able the Pennsylvania TO strip the Jersey
Central. or make new lease, as may seem
most advantageous.