Salt Lake Herald | 1901-12-06 | Page 2 | Freight Rates Demoralized

I FREIGHT RATES DEMORALIZED t tI I Fierce Competition Between B t ee Gould Goold and Harriman Roads f EFFORT TO STOP SLASHING 4 t RATES HAVE EAV ErA vE SUFFERED 4 Despite the community of or interests and the tho announcement made in New NewYork NeWYork NewYork York that freight rates are in a fairly satisfactory condition the Harriman and the Gould systems are engaged in such fierce competition for Jor traffic that it can almost be termed a rate w The westbound freight rates in par particular particular have suffered and the situa slId situation situation tion has become so serious that tie ibe meeting of ot the presidents in Chicago Dec 20 10 will take up this situation and airi endeavor to find a remedy The lead leadIng tag big traffic men of the big systems will win willbe winDe willbe be De called into the conference and an effort will be made to stop this slash slashing slashIng ing Jag The westbound rates to Colorado anc and Utah from Chicago and the Missouri Mi river lver have suffered especially and the rates from the Atlantic seaboard are even worse demoralized It is said not nat DatIn in some cases the cuts have been as high as 25 26 2 per cent This has aroused arOl the financial heads of the big roads and they are demanding that a top be put to these practices es There is also a loud protest from the shippers who have been paying tariff rates Fates or nearly nearl tariff for their fall shipments under the assurance that the rates were being maintained and that ro 10 body else would be given an advantage advantage advantage tage The Gould accused of or tak taking takIng takIng ing the in the fight light al although although although though denials are entered by the teat traffic traffic fic tIc men of that road