Ogden Standard-Examiner | 1924-07-18 | Page 2 | Refuse to Cut Freight Rates

REFUSE TO CUT fREIGHT RATES RATE Commerce Commission Denies Plea on Grounds of Prosperity WA WASHINGTON HINGTON July 18 Ro It Re Reductions In to westeri railroad rate rat ion on frain grain grain train product products and hAY sought t by ten states of I the th MI MIs- MIs MIo valley cereal A growing region under the th of Kansas and by most farm org concerned were definitelY refused Thursday by the tho Interstate Commerce commission t o the th game sam time Urn the commis commis- commission slon sion decided that the th results ot of otAn An Independent Inv Investigation It lied conducted Into the th level Ivel of rats rates on these thes slime same sam product In all section of the th United States State had bad demonstrated no rend n for an any and It bearing bearing upon both Issues were dis dismissed missed Somo grain men c that upwards of 1000 has ha been added to the agricultural wealth of the country as s a 0 result of o grain c advances nd In tho th past month At Atthe Atthe the same ti time no m many ny millions million of dollars have hav bon been received by farm farm- farmer farmer er er of o the th Canadian northwest where b wheat M prices price s advanced 4 4 cents conta a bushel n a as compared with 30 cents cent in the th United States speculative trading on the th Chi Chi- Chicago Chicago cago Board of trade trad a month and a 0 ahalt half ago ngo hag 8 lia around bush bushels ls on n Wednesday It reach reached ed Id the th highest market since May Moy 1 1123 1923 still an aggregate 1 of ot more I than bushels of nil all grain of 60 bushels I were wheat for future futuro delivery ry i There has hao been beon no such uch revival in the tho train grain trado trad in rn 10 50 short a time for n mL many e Oura irs Foreigners are said to have hav bought or of bushels ot or wheat heat I fu-I fu- fu future ture tu-ture ture In Chicago and Winnipeg 1 within a short time Realization I that there ther 1 will UI bo be b a Very very close clos ad I ad- ad adjustment adjustment ot of o the tho th world a of shoat heat to tile the th 0 demAnd duo to relatively poor crops crop In Eu- Eu Europe Eu rop Eu-rop rope and to heavy losses looses in Can Canada ada were wore held beld responsible In large part for the th upward market markt b grate graIn dealers here hero