ITEMS OF INTEREST June 15, 1907 Issue

ITEMS OF INTEREST

Prosecution for violating the Sherman Anti-trust Law in restraint of trade by monopolizing the bituminous coal supply will be started immediately by the Department of Justice against the Pennsylvania Railroad, the Baltimore and Ohio, the Chesapeake and Ohio, the Philadelphia and Reading, the Seaboard Air Line, the Atlantic Coast Line, the Norfolk and Western, and the Beech Creek Railway, leased by the New York Central and Hudson River Railroad. This prosecution grows out of the investigation made by the Interstate Commerce Commission, by direction of Congress, of the charge that these roads had entered into an agreement to divide proportionately the shipments of coal over their lines; that the roads owned the mines, and that they had agreed to maintain freight rates on coal.

The decision of the Supreme Court of the United States, holding as excessive and unreasonable the advance of two cents per one hundred pounds on yellow pine shipments from points south of the Ohio River, means that six railway systems will have to refund to the lumber interests of the South between $12,000,000 and $15,000,000, for this maximum rate has been in effect since April 15, 1903.

Decisions by the Circuit Court at Findlay, O., a few days ago, open the Standard Oil Company's pipe line privileges to all independent oil operators. The Circuit Court held that the pipe line company must accept all oil offered it by the independent producers at a fairly remunerative price.

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