New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-22
90 TONS OF ROSES
Used each year for
COIGATE'S
Soaps and Perfumes.
THE STRONG FEELING ABROAD IN FAVOR
OF AMERICAN SECURITIES.

OF AMERICAN sECCRiA iA'''
WALL. STREET GREATLY INTERESTED IN MIX
MoRGAN.s REruRN-soME OF THE IMPORTANT
,NrEREsrs WITH WHICH HIS FIRM is CON
NEcrED-IIs EXPECTED INFLUENCE ON
VARIOUS REORGANIZATION PLANS
AND OTHER FINANCIAL MATTERS.
T. Perpont Morgan after an absence OF se'e'a'
months in Europe. yesterday arrived al Ms '"
ing office He issued statement, brief ana ~ '
point which told how successful the eho''S %
himself and his associates had been IN turning
the tide which only short time ago set so s'FoneS
against American securities. and which now' MI
Morgan says. is just as strongly the o'her way
He also said a word about the pending reorganiza-
tons o. the great Northern Pacific and Enc sys-
tens The commanding position that MI Morgan
holds In Wall Street we'll exempliied by tne
fact that the stock market yesterday pracucaiy
halted during the delay between the time when MT
Morgan's statement first expected TO be Issued
and the time at which IT actually was Issued
Mr. Morgan reached this port on the steamship
Germanc Thursday evening. He left the ter
manic to go on BOARD his steam yacht, the Corsair'
which anchored off West Thirtyfourth-st in the
Hudson for the night He then said. In answer to
INQUIRIES as to the result OF his trip abroad and his
future plans bearing on various financial ques-
lions that II he had any statements TO make he
would make them TO the newspaper representatives.
when he reached his Office Friday morning.
Wall Street is quick 10 jump at conclusions. and
there were many rumors afoat al the Stock Ex-
change at the opening OF business at 10 o'clock yes
,erday morning as 10 what Mr.. Morgan's state
ment would be. The Office OF J. T. Morgan q co.
was practically the centre around which Wall
Street interests for nearly three hours revoved for
the statementbrlef and simple as 1t proved 10 be
was not issued until 1913 o'clock.
Mr. MOrcans arrival his office was delayed
somewhat by accident on his trip downtown
which is described in another article. He reached
his Office at Broad and Wall SITS, at lo:45 o'clock
Fifteen newspaper reporters were there to take
whatever Statement; he would make. There was a
short walt. and {. II. Coster. member OF the nrn
Of I r Morgan e. Co. announced for Its head that
III Mr. Morgan has anything TO say. he VIII say
il al ll:45 O'clock" Then there another walt.
when Mr. Coster said: The statement by Mr. Nor
gan will be made at 1890 O'clock
Word that MI Morgan was to make statement
OF some kind was quickly spread through wall
Street and sent by private wire to out-of-town
correspondents At l2:b O'Clock the statement.
which was on typewriter slips. was ready ana
within a minute 1t going over the Wall street
t!ckers and the telegraph wires II was as fohows'
Mr. Morgan says ne feeling anr9aa " recy
recognize the fact that the Government y picnsei
e maintain h Sne s2a @eces especially those
Of very choice CHARACTER ior wn,Sn ,"t Ne
IL almost
Gently been sold are selling at large premiums ana
other negotiations are pending ne mas ny ""'
satisfied tina, reorganization Of the Northern IA
cine aud the Erie VIII be undertaken without ma
teTial delay.
People in Wall street. who may have expected
some sensational announcement from Mr.. Nor
gan were II couMc. disappointed MI. Morgan II
was learned, had nothing further to say lie ha'
no s,atment TO make In regard to Reading or New
England railroad AFFAIRS. 1t Is understood ina, thoie
la. been no change IN his attitude toward The re-
organization plan OF the United states Cordage
co,nn,ny lie has been In favor OF That plan
There may he said to be only few Wall Street
,ntercrts Of moment which j. y. Morgan Co
have not some connection with. and Nh MorgnnS
reu.rn has been cxpccian,ly looked forward TO to
,,raightcn many a financial tangle ana push Tor
ward many reorganization. Notably this has
been the case with the Northern Pacific ana tho
Eric MANS In the case Of the latter J. +. Morgan
& CO. have complete control II has already been
, announced following III" return from Europe OF
Chairman T.. d. Adams OF the Northern racine
Reorganization Committee. that the large foreign
interests In Northern Pacific and the Reorganiza-
| ton Committee we're cndeavoring TO prepare plan
which would be satisfactory TO all classes OF Sc
| CURLY holders and that. II a satisfactory agree
ment could be reached. a syndicate. headed hy the
Deut.che Bank and J. i. Morgan * CO.. would
h The eSnas Of S'P he pn pa, b
include the formation OF new company. ana a
guarantee by the bfcNt NoIlHclH iohe VI III, "'
bonds TO be issued. in FOR which tie Great
Northern Will receive half Of the stock OF the ne"
company.
| Mr. Morgan's return is also expected TO result IN
| DEVELOPMENTS in regard 10 the NewYork and New
| England Railroad situation. 1t has peen Tumored
| New York Ncw-Haven and Hartford Railroad move
secured control of New-York and New England and
that the stock Of the latter Is al the call OF j. T.
| Morgan & Co, representing New haven othef
| pectcd settlement Of the difficulties in the anthIa-
cite coal trade. Still another clearing OF tangled
situation Is expected in Cordage matters. Mr.. Nor.
| gan being Of the largest security holders OF
| the United States Cordage Company
| An additional subject OF interest IS the operations
the exchange market and It's prevention OF gold cx-
ports and resulting drain on the Government god
II was soon after Mr.. Morgan's arrival in London
foreigners came into this market heavy buyers
The result the big bull movement OF April and
| May last. Through Mr.. Morgans influence large
blocks OF American railroad securities have been
| sold abroad This Is notably In the case OF IT,
| sues by the Southern Railway and the Manhattan
| Railway companies.
| All day yesterday there steady stream OF
| callers upon NJ Morgan at his office. many OF
whom came 20 consult with him matters Of
grave financial importance. He saw, early In the
cidc Reorganization Committee. and President
James j. Hill. OF the Great Northern Railroad with
regard the pending Northern Pacific Reorganza
ton plan. He also saw President Frank *. Sturgs
OF the United States COr1age Company. who is
member Of the REORGANIZATION Committee OF tina
company few among the many other visitors
were August Belmont. Alexander f. Orr. Genera
Samuel Thomas. Thomas F. Ryan and Presiden
Baker OF the First National Bank.