New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-12-09
COMING RAILWAY CHANGES IN CHICAGO
THE YERKEs SYNDICATE SAID TO BE GOING TO
SELL THEIR CABLE ROAD TO THE
CHICAGO CITY COMPANY.

Chicago. Dec (Specian. -" The News" says:
"The statement frequently made that the AerKeS
syndicate cabed their North Chicago street Halfway
for the purpose of selling ont, rs in fair way OF
being confirmed at early date IL IS currently
rImored that c. b. Holmes and his partners in the
Chicago City Railway Company are negotiating Tor
the purchase Of Mr. Yerbes's entire North Side plant
The story goes that during the recent visit OF Mcssr
Widener and Elldns to Chicago Mr. Holmes madc
an offer 10 tho Philadelphia syndicate, which, II ac-
copied will result in the transfer OF TIE North Chicago
Street Railway to the Chicago City Railway Company.
The difference between the price offered by MI.
Holmes and the figure placed on the property by the
PHILADELPHIA syndicate IS said to be 100000. II IS
a well-known fact that tic Philadelphia syndicate
has been severely pressed in some of its recent nanca
ventures the sales of bonds and stock Of lis re-
organized Chicago lines having been made with great
difficulty The Construction Company, which cabled
the North side lines, rcaped the usual handsome
nroGt which has attended its operations in other
cities and as the Construction Company and the
Philadelphia syndicate practically one concern
the presumption IS that the property was intended 10
be sold as the construction prOhts were
reached This has been the unvarying method OF the
syndicate in Philadelphia, New-York and other East,
eTn cities.
at is also well known that the Holmes syndicate
IS rapidly purchasing street railway property in other
cities for permanent betterment and operation, and
this gives color TO the belief that it is only ques
ton of time when majority Of the Chicago surface
lines will be controlled by this nonopolistic corpora
ton The report of the possible purchase o. me Norh
SIDE lines by the South side Company has gwen great
! satisfaction whenever mentioned. The public VIII
| wrctched Incompetence in management, and the en-
ployes of the road consider such transfer guarantee
| Of better wages and fair treatment
! ANOTHER PASSENGER RATE FIGHT BREWING.
Plttsburg Dec 6.-AnotLer big fight among The raj
roads is likely to develop, regarding the paying OF
| commissions on tickets meeting Of the passenger
| rtra1 raN l.
be held in Chicago next Tuesda5, and tho most i'm
| porant matter that is TO come before the meeting
Is the paving OF commissions. There have been Varl-
Gus rumors anoat about commissions for months past
and these will be investigated Originally the Traffic
Association decided that mono Of ifs members should
pay commissions nor sell tickets over connecting
Western lines that did so. This resulted In tic we'll
remembered so-called boycott Of the Western lines
about two years ago in which the Pennsylvania Com
pany was said 10 be the prime mover, though the
officials OF that company explained that they were
! doing m,Tc than what the many DINER hehiDer5
of the Traffic Association wer6 expected to 40 since
then number OF roads. IT IS said, nave bfONch thc
agreement, and at the meeting n@1i wech a' rt ~.
| today prominent railroad Official said The matter
Of The different roads and after that 10 the cngcr
| department of the Traffic Association which VIII
probably outline what course It's members shall pursue
THE READINGS MOVE AGAINST TEE b. AND. o.
Philadelphia, Dec s SpeciaD.- Iromincnt grain
shippers here say that Philadelphia is berg ruined
| as grain shipping point by the action Of the
| Reading Railroad I'm advancing from So to 81 its
charge for carrying Baltimore and Ohio cars - the
Port Richmond grain elevator The payment OF
this rate which Is known as the switching charge
IS due to the fact that the Baltimore and Ohio Road
has as yet no grain elevator of its own I'm this city
The Baltimore and Ohio people say that this move
! on the mart of the Reading would not prevent then
from continuing TO develop their grain business,
although there seemed &c be no guarantee a-ain,i
A sill fur her increase. which w'.uh shut them out
| d" II means said one prominent Office o! the road
| " appalenty, that will not be met half way by
| mo Reading company II would be natural L
suppose that a reduction in switching charges might
| be made in view OF the increased traffic which we
furnish: instead OF that we have 10 submit 10 Ar
| increase. Stil, fl is determination 10 ilgi t2i
| this business which we trying 10 develop II
| necessary we shall erect elevator OF our own