Rates Slashed Across Pacific Routes by Interstate Board
The Inter-State Commerce Commission ordered sweeping reductions in freight rates on transcontinental lines. Major cuts target Pacific Coast and inter-mountain routes, with some class and commodity rates dropping up to 50 percent and typical reductions around 20 to 33 percent. Decisions cover Northern Pacific, Great Northern, Southern Pacific, Santa Fe, and others, aiming to equalize through routes from Chicago and eastern points to Spokane Reno and Pacific terminals.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Inter-State Commerce Commission
Pacific Coast
Commission
Inter-Mountain Territory
Missouri River
Chicago
Southern Pacific
Merchants’ Exchange
Northern Pacific
Spokane
Santa Fé, Prescot & Phoenix Railroad
Maricopa County Commercial Club
Oregon Railroad and Navigation Company
Portland and Seattle Chamber of Commerce
Railroad Commission of Nevada
Atchison, Topeka & Santa Fé Aae
Commercial Club of
Salt Lake City
Wash
Reno
Bev
Paokane
Nevada
San Francisco
Sacramento
Far West
Atlantic
Mississippi River
Inter-Mountain
Great Northern
Prouty
St. Paul
Great Northern and Northern Pacific
Seattle
Baker City
la Grande
Pendleton
Ore
Walla Walla
Arizona
Sacramento-Reno
Southern Pacific Company
Maricopa County
Utah
United States
Omaha
Union
Denver
Oston
Ogden
New York
Pacific
Central Pacific
West
Portland Chamber of Commerce
Seattle Chamber of Commerce
Northern Pacific Company
Northwestern
Knapp
Tacoma
Portland
Oregon
Idaho
Montana
Atchison, Topeka & Santa Fé Railway Company
California
Los Angeles
Provo
Lane
Rocky Mountains
Atchison, Topeka & Santa Fé Railway
Commercial Club
Salt Ke City
Bone Road
Stock Market Sways Amid ICC Rate Cuts and Crop News
Heavy selling dominated the day as the Inter-State Commerce Commission cut rates and crop reports influenced traders. The worst losses appeared in American Smelting, United States Steel, and Reading, with a midday selloff followed by a late rally that trimmed some losses.
MENTIONED IN THIS ARTICLE
Inter-State Commerce Commission
United States Steel
Atchison
St. Paul
Reading
Southern Pacific
Union Pacific
New York Central
Union
Repair of Drydock Dewey Sought by Navy Yard
Navy yard authorities at Olongapo Philippines request an allotment for immediate repair of the dry dock Dewey raised after sinking in the harbor. Congress appropriated 850,000 for the work as typhoon season nears. Acting Secretary Winthrop said repair would start promptly.
MENTIONED IN THIS ARTICLE
Washington
Navy Yard
Olongapo
Philippine Islands
Navy Department
Dewey
Congress
Winthrop
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