New-York tribune., 1901-07-20
COMPANIES STAND FIRM.
J. PIERPoNT MORGAN SAYS THAT THERE
CAN BE NO COMPROMISE.

CAN BE NJ tOMBROMlSE.
If words mean anything, the steel strike is
further than ever from a settlement. After a
conference yesterday with President Schwab of
the United States Steel Corporation, J. Pierpont
Morgan said emphaticalIy:
There has been no settlement, and there can
be no compromise on such question The po-
stion of the operating companies is perfectly
simple and we'll understood, and. so far as / am
concerned. has my unqualified approval"
This is the first public statement the sub
feet by Mr.. Morgan, and it makes his position
with regard TO the strike perfectly plain. and
sets at rest rumors that he is interfering to
bring about a settlement in which concessions
10 the Amalgamated Association might be a
feature.
On the other hand President Shaffer is equally
determined, and is waiting for overtures from
the operating companies He. also. says en-
phatically that there will be no compromise
Mr. sehwab continues to be Sphinxlike about
the situation He refuses TO be seen in his office,
ano his secretary replies to all inquiries THE
PRESIDENT has nothing to say for the present"
Officers Of the several compAnies concerned say
that the situation, far as they are concerned.
has not altered, and that the passive attitude of
the companies Will probably be maintained
They accept with evident satisfaction Mr. Nor
oN@N AcaiifiOA Vi ms ATTITUDE
Despite all this however there are no, Lack
ing those familiar with the steel situation who
believe that there is a distinct Improvement. and
that few days more will see the end OF the
disturbance in the Pittsburg district and other
troubled localities. If. however there are any
VINO KNOW the true situation. that is, the exact
attitude of the men and the employers toward
one another, and what negotiations, if any. are
now going on between them none will assume
the responsibility of talking
III Is conceded. nevertheless. that powerful
influences are at work to end the trouble 1t
is even said that strong pressure is being
brought TO bear those who are in control Of
the operators affairs. and that this comes from
men who have helped to build up the industry
that has reached such large proportions
Private advices to a man prominent in the
steel trade indicate that the situation in Wells
vile is favorable to the mills. "I am advised. &"
said he, that despite the fact that President
Smarter made demonstration ct Welsville yes
teroay, more men were at work this morning
than at any other time since the strike began
me mills at Wellsville are in full operation.
Warner Arms, vice-president of the American
I'm Plate Company. made the following state
ment yesterday:
Mr. shaffer wants these companies TO sign. for all
Contract entered info vonTa4 wage agreement It's Is
more persons. representing certain interests Mr.
With him for PERSONS he oes e sgR bo
represent These companies antagonistic
Mage agreements in the past with Mr. shaffer for
those that he represented This year the Ameri-
can Tin Plate Company entered into an agreement
for one year from July but Mr. Sha fer violated
that agreement by calling out the men on a sym-
pathetic strike, when they had no grievances
When the statement OF Mr. Morgan was
known in Wall Street United States Steel
stocks broke 15s from high to 397I and tba
preferred IL from high to SSA The trading
was very heavy around 40. deal being a
plock OF 5.0o shares Another block of 5000
was met at 401s, when ii rallied continuing UP
10 ao12. II difficult TO say whether the
break in Union Pacific TO 105 or the statement
or MT Morgan, or BOTH the cause of the
general market giving way.
There was a runor yesterday that John Jar
rett, secretary of the Labor Bureau Of the Amer
lean Sheet Steel Company, and Joseph Bishop
secretary of the Ohio Board of Arbitration had
come TO New-York, and that both came here to
try TO settle the steel strike. 1t was learned last
evening that Mr.. Jarrett had arrived in the city
from Plttsburg, and was at the Imperial Hotel
Mr. Jarrett said late last evening that his visit
had no reference TO Nh Bishop, If the latter
was In town. He did not know that Mr.
Bisnop was coming 10 New-York
i am always for peace ne continued, but
j am here for specific purpose in reference
TO the strike. neither TO talk arbitration nor
anything else. / will not interview either Mr.
Morgan or any of the labor people"
Regarding the possible extent Of the strike he
said:
II do not think the strike viii extend much. il
any. further. or that it will last long. The
eAmalgaInated Association has taken a stand il
has never taken before in its existence by as
suming to legislate for the non-union men, over
whom 1T has no control No labor union could
succeed with such illogical proposition"
MT Jarrett said that negotiations so far
had been attempted on behalf OF the men for a
settlement Of the strike So far no bitterness
OF feeling appeared 10 have developed among
the strike leaders.