New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-11
RAILROAD INTERESTS.


adopted and the Commission adjourned.
RAILROAD INTERESTS.
LIVE CATTLE RATES HEAVILY REDUCED.
ACTION FoRcED on THE TRUNK LINES By THE
GRAND TRUNKS DREssED-BEEF TARIFF.
The trunk lice executive committee and represent
stves Of the Central Traffic Association met yesterday
10 consider general situation but more partc
iarly the complications connected with the uresseu
bssf traffic Commissioners Fink and blanchard were
present The discussion covered wide range, and
the question of how best to meet all water and also
lake and rail competition was taken up. On TINS
eont nothing DONE but the meeting voted 10 reouce
the rates live cattle and sheep from 80 cents W
p5 cents per 100 pounds the basis Of from Chicago
70 Ncw-York.
Wall Street had lively expectations of row" at the
meeting but It adjourned without gratifying the hopes
of the bears. Nevertheless the situation is concedeo
by railroad TO be far fIom satisfactory. AS mas
teen detailed The Tribune, the American lines have
been allowing the Grand Trunk of Canada differentia
rate TO secure TO It fair share of the dressed beef
business while all lines could maintain reasonable
tariff. The Chicago shippers, however combined 10
give all their business TO the American roads, and for
weeks the Grand Trunk carried none OF this heignt'
although 1t offered rates TO- Is and at last 20 cents
under the American roads. TWO weeks ago, 1t is
changed the combination wrung from the Grand
Trunk a time contract at 45 cents per 100 pounds
from Chicago Boston, against o5 by the other roads
The Grand Trunk denies the existence of such con-
tract but 1t has boon recently monopolzing the dressed
beef business TO New England That road also assures
the Commissioner that when 1t has regained its proper
share of the traffic 1t will advance It's rates and sur
render part of tho business TO Its competitors Mean,
order protect their shippers against the advantage
in low rates granted by the Grand Trunk TO the dressed
beef combination The question of permanently ad-
justins the the two classes of traffic was left
unsettled by yesterdays meeting 1t is thought that
~
forced into encouraging the dressed beef move,
franks special nursing Of this trafic may seize the
opportunity of the present complications to try to
crush the dressed beef business out or at least to
secure advantages to their live stock shippers
BUkLINGTON's MARCH REPORT.
Chicago, May 1O.-The Chicago, Burlington and
ouncys statement of earnings and expenses for March
and for the quarter year ending March 81 was issued
to-day. March the first full month during which
the strike Of the engineers and remen in progress
The gross earnings for the month 81 Ell 1885,
Of 81 493 compared with the corresponding
period of 1887. The expenses were sl,357,eo3 re-
duction OF S21513, while in net earnings deficit OF
el46415 Is shown, indicating decrease of 81 1899
compared with last yes 6 For the aSaGef the gTSs
expenses, 81, Sax, $685. an increase of $419,422.
MISCELLANEOUS RAILWAY INTELLIGENCE.
Philadelphia, May 10 (Specia -Concernng story Of
proposed traffic agreement between the of
the South Pennsylvania Railroad and the Reading the
omcerS
Railroad COmpanys Office the story was also said to be
it was stated to-day that Robert Cole of Lebanon
owner Of the Cornwall mines VIII begin At once shs con-
ueUn Of r 0ad from BsaSg d To A9 So
wan road The lower terminus reed is q
line viii be competitor FOR Readings Western business
Cleveland May 1o-At the annual meeting Of the stock
holders Cleveland Lorraine and Wheeling road TO-
day. the following directors elected: Seah Cham
berisin w. s. srreator, E p. Pitns, oscar Townsend
and @. L. Cutter. all Of Cleveland; John Newell, Of
Chicago and II. A. Kent, New-York The gross earn
inssfor year ending December 81, are s1.1o2 ss2
q rs s s x sntcn 5 a as c TSe
Louis shss:F Canton; Ta @r,v 0s snS W.6 OS Nal
wards, Jleyeland The directors elected d H. A. Blood
secretary.
Chicago May 1oThe Central Traffic Association having
refused 70 give special exhibitors of at fairs
during the 1885, Of several stock
breeding associations here last night and appointed
committee 70 visit the officials Of the Association and
se apSn fairs are aneoSed and the present disposition
renewed
The Peoria Easbound Freight at its meet
Ing In this city considered the question Of regularity in
rates of the roads having been accused Oh cutting
rates grain The outcome OF the discussion was thc
sdouen of resolution whereby the representatives Of
the lines competing for business to Middle and western
States trunk line tsrnin and points east thereof agreed
to maintain arG Peoria proper business grain
TO Be considered proper from Peoria after 1t has been In
elevators over foryeght The lines further agree
that they sanction participate in any Ifegu
i asSs '' 10 i'''' OF D''''''"' ''''''' vi ~
Tho Pan Handle. which recently began rate war on
psssongsr business against Louisville, NewAlbany
and Chicago made another cut In its rates to-day JUS
rates were already down 50 between Chicago and Louis
vile and Chicago and Cincinnati The h0non' nhe'
the cut
Topeka, Kan. May 1o.-The annual meeting OF the
stockholders Of the Ahson, Topeka and Santa Fe Raw
road Company was held here to-day All the directors
were reelected. The following elected general
onacers Of the company William Strong, PRESIDENT G.
W. Smith, nrst vice president; A. A. Robinson second
vice J. f. Goddard third vcepresident; George
pss ens %as tSI.s sHa
GOODWIN assistant secretary and assistant treasurer J1ea
he s s1ou. ac SPSt was so p sS
dress to the stockholders in which he discussed among
Staer things 81, the S sla 1S,S ., 0 company 40
Concord, N. H., May 1oLThe proceedings for re-
ceiver Boston Concord and Montreal Railroad have
been discontinued and agreement entered into by which
that line is to be put in satisfactory condcon- inc
suit brought to legality OF the lease Of the road
20 the Boston and Lowell road which the latter had trans
erred 70 the United states CIc me- & With others In
yofne questions raised connection with the lease etc.,
viii be consolidated d. D. 80
F,m,,a May 10 (speciaD.-The Delaware, Lackawanna
.na western Railway Company has secured control by
purchase OF the old right OF etc.. of the
graded track Of Greenwood steuoen County
over which there was much trouble between the tax
eStendo from Caneo 70 four miles Of the Lackawanns
and Hornesye road a. homesv nenn sa w be
made between CaaisteO and HOrnellsye and The road vii
be extended Coudersport Penn distance OF fortyhve
miles
OOEGRsssMAH sOoTPs AFFECTION FOR MINERS
Pttsburs, May 10 (speciaD.--The recent assertion
of Congressman W. l. Scott, the Free Trader that he
Is frend Of the worlhngnan, is doubted by exGIand
Secretary r. D. Layton, Of the knights Of Labor who
left to-day for scothaven where SCOTS coal mines arc
procure facts and figures that Scott is not
only unfriendy to organized labor but that he has
always paid lower wages 10 his men than were paid
b. any other operator In the coal region The figures
viii DO sent TO Congressman Brumn. When the coal
operstors o VIC ~ ac,s ana "a sso asfseo UPON