Railway Company. There was not competition enough at said points to lower the rate as to live stock. Thei? was little and different competition on rates as to live stock at points betwecri the Missouri River and St. Paul and Chicago. The only places where the opportunities for competition existed as to live stock the same as to pneking-honee products were immediately at Missouri River points and St. Paul,. and there only as to live stock driven in on foot from the sur? country. There is comparatively a snmll amount of this stock. If it v?as exactly the same kind of a commodity as that fur- nished by the packers there would he an opportunity for competition in this at three points alone. "Fifth. That the competition in question did not result from agreement of the defendants, but was actual, genuine competition. "Sixth. That the present rates on live stock have not materially affected any of the markets, prices, or shipments; that they are reasonably fa/r to Chicago and to the shippers; that the shipments of live stock from points between Chicago and the Missouri River and St. Paul are as great in proportion to the volume of business as before the present rates were made; that the majority of the live stock comes to Chicngo from points as near as 150 miles this side of the Mis?uri River and St. Paul, and that the lower rate given to the packers does not seem to directly influence or injure the shippers of live stock. "Seventh. Tkat the rates for carrying packers t products and dre?ed meats were remunerativo. They did not p?y any portion of the fixed charges and interest of t?e railwad corn- p/m/es, nor its full share of the operating expenee?, but they did p?y more than its cost of movement and leave something to apply upon operating expenses. "Eighth. That the welfare of the public, including the ship- pers, consumers, and all localities and markets, does not seem to be materially affected by the present rates.' "Ninth. T.hat the usual custom for railroads is to charge a higher rate for the finished product than for the raw ma-
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