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Railroad Rates

Railroad Rates image
Parent Issue
Public Domain
OCR Text

Another move in the gaine of chess now being played between the various Sastern railroads was made yesterday. The New York Central ordered a further reduotion in the rates on fonrth class reights, making them twenty cents per 100 pounds from Chicago to New York, and twenty-five cents to Boston. This s a reduction of two and one-half cents er 100 pounds. Heretofore the charge n grain has been from two and one-half ;o fivo centa lower than fourth-clasp, reights, but by this last move grain and 'ourth-class freighta are placed on the same footing, twenty cents being the current rate on the former article. What ,he next move will be is hard to teil. It shardly probable that another reduction m freight rates will be made, as thoe now charged are lower than they have ever been. Some think a reduction in passenger rates will be made soon. This is, however, doubtful at present. It was the ntention to make a reduction this week, nut after reflection it was decided not to be too hasty regarding this matter. If a reduction in fares does not take place within the next two weeks none will be made at all. The reason the railroads are so reluctant to reduce passenger ratos at present is on account of the Cen:ennial business, from which they mean ;o reap some profit if possible. The worst sufferers from the present railroad war are, next to the vesselowners, the elevator men in this city. Most of the grain now shipped goes by railroad, and does not stop in Chicago at all. The elevators expected to do an immense business this spring, and instead of this they are almost idle. There are, however, very few to extend them any sympathy. They are merely reapng what they sowed last winter. - Chicago Tribune.


Old News
Michigan Argus