Ogden Daily Standard | 1909-03-23 | Page 5 | Reduction in Grain Rates Decided Upon

REDUCTION IN GRAIN RATES DECIDED UPON New York. March 23. A reduction In grain rates from-the Great Lakes to New York to "meet the foreign water" was decided upon here yesterday yes-terday at a meeting of the trunk lines association, according to the Times today. The reduction was made because be-cause of the protests of shipping interests in-terests here, of Boston, Baltimore and Philadelphia. The new rate was not announced but will be made known today. It is predicted that New York end other Atlantic ports will get their share of the grain trade of which they were deprived last' season because ot the preferential rate employed by Montreal which was , the basis or a tubsequent complaint of shipping Interests In-terests In the east. The new rate will be effective when navigation open3 on the Great Lakes In the Tatter part of April. Because of the failure or the trunk lineB to meet the rates of the Ca-cedlan Ca-cedlan lines running rrom the wheat ports to Montreal last season, practically prac-tically no wheat was shipped abroad from this and adjacent ports, except to Europe and markets which the local lo-cal lines do not roach. As a result, 1he White Star and other' steamship lines withdrew vessels from New Yorlc and put them in the Montreal service nnd so great was tho trade from the Canadian port that great numbers or tramp steamers were attracted there, rhlch took the tonnage that the regular reg-ular lines were unable to handle.