The herald., 1894-04-10
A BIG CUT IN FREIGHT RATES.
The AtchisOn Starts Out and
Slashes.
A Twenty-Five Per Cent Reduction
on Commodities.
From Chicago TO Calitornia-rhe Uo,on
Pacific Also Puts In New
KAts-Ths Ticket a gents.
Local Notes.


The following important announcs.
ment OF action in freight rate matters
by the Atchison. Topeka and Santa Fs
company was received from the Asso-
ciRted Press
CHICAGO, April 9.-Ths Atchison road
today announced that on commoditias
for California il would make the sanos
rates from Chicago as are made from
New York By the steamship iins. mr. tna
Southern Pacific Sunset route via New
Orleans. This reduces rates ON corn
modities from Chicago to California
about % per cent. All the Chica0o
western roads will make the same rates.
FURTHER CONFIRMATION.
SAN FRANCISCO, April GA circular
was issued today by the local repre-
sentative OF the Union Pacific Railway
company announcing a reduction in
westbound freight rates to California
terminals, taking effect April 18th. On
that day the Union Pacific system will
apply the same commodity rates (not
class rates) from Chicago, Missouri
river and Mississippi river common
points to terminals in this state as tho
L
from New York and Atlantic seaboard
points via the Sunset route, except that
no carload will be less than 80 cents per
100 pounds. The reduction is made
with the consent OF the Southern Pacific
and in pursuance of the complaint of the
Union Pacific that the rates over the
Sunset route had the effect of diverting
traffic from the Union Pacific system.
The reductions in many instances are
large.
The local Offices have also received
notification Of this reduction. num-
Der OF articles, notably iron, are carried
by the Southern Pacific at lower rate
than that proposed, but these will not
be met.
RATE OF INTEREST REDUCED.
SAN Francisco, April &c. P. Hunt
ineton has instructed the land depart
ment of the Central Pacific Railroad
company to reduce the rate OF interest
on all land sales hereafter made. to 6
per cent, and to reduce the rate on all
existing contracts to 8 per cent at the
date of the next payment OF annual in
terest, provided 10 per cent of the un-
paid balance of IL 9 principal is paid at
that time. This is q reduction OF per
cent in the rate OF interest on nearly
$500 ,000
DID NOT ARRIVE.
The International Association OF
Ticket Agents. which was expected to
reach Los Angeles this morning at
10 80, will not be here until about the
sans time tomorrow. They are en-
81 1gqHts Q on ldes A sRscistt tgAil Gysrwse SaHtha=..
~ 0f Il
A committee OF local railroad men was
to have left in a special Pullman car
yesterday afternoon at 1880, so aa TO
have met them at Cotton in the morn
ing. As the party was delayed about 20
hours, the trip of the committee was
postponed until this afternoon. The
visiting party numbers about 400 L. is
proposed to entertain them in hospita-
BILE ct 10 and take them on as many ex-
cursions about the country as their time
will permit.
ELECTRIC ROAD INCORPORATED.
Yesterday articles of incorporation of
the Pasadena and Los Angeles Electric
Railway company were filed with the
county clerk.
The road is to commence in this city
and run in a northeaaterly direction
through Pasadena to Altadena, its esti-
mated length being 80 miles.
The directors are p NJ. Green. h. W.
Magee, E. G. Webster. l.. P. Hansen and
Fitz E. Beach of Pasadena; William
Lacy and f. z. Clark of Los Angeles.
The capital stock is $500, 600, OF which
$4,000 has been paid in to the treasurer.
The company will commence work to-
day on the road, four carloads OF mate
rial having been sent out.
NOTES.
s. B. Hynes. general freight agent Of
the Southern Pacific railroad, 10 expect
ed home from San Francisco within a
few days.
George F. Herr of the local Office of
the Union Pacific returned from San
Francisco yesterday.