The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-05-14

New York. May 11-With both the
stock exchange and the consolidated
exchange closed today and with practi-
cally nothing doing on the curb" Wall
street was very quiet.
Although the exchanges were not
open for business, all of the larger
brokerage houses had their clerks at
work Strengthening out the accounts of
spectators and putting their books in
order. In the rush days, from Monday
to Friday none of the usual making out
of customers statements was done and
it probably will be late tomorrow night
before the balancing of accounts will
be finished. Many spectators went
down to await the bank statement and
get the London quotations for Ameri-
can securities.
At 2 o'clock p. m, London's prices
generally showed advances as compared
with the close at New York yesterday,
the extreme rise being IS points in
Northern Pacific. Other stocks gener-
ally were up. but United States Steel
common was q and the preferred "
lower. Illinois Central showed a de-
cline of IL.
All interest IT, the financial world re-
mains in the great contest for the con-
troll of Northern Pacific and the rival
ries that have been caused by
that battle. The heavy buying in
Union Pacific yesterday provoked much
comment and today the street was
wondering whether the fight of the rail-
.Fway giants was to be transferred to
that stock again. The high price for
Northern Pacific in London today was
taken by many as an indication that
buying for control of the property was
still going on wherever the seller had
the stock to deliver. 1t was learned to-
day, also that at the time Kuhn.
Loeb & Co.. were settling with shorts
yesterday at $3.50 a share they were
paying the same price over the counter
to all who offered the securities for in
slant delivery.
Mr.. Hill told a reporter of a news
bureau that there was no truth in re-
ports circulated to the effect that he
and ]. P. Morgan desired to secure con-
troll Of the Union Pacific. There is
nothing in that story" said Mr.. Hill.
A representative of the Hartman
Asyndicate made the following state
Enent today:
I'm spite of all that may be said and
printed. we stand on our assertion of
the past few days. and we believe DOS
session of Northern Pacific railroad is
now held by Kuhn. Loeb & Co. 1t may
take some time to prove this and it is
even possible that some legal trick may
be devised to wrest control from US.
At this time. however, there is no
doubt in our minds that we are in pow
er las far as the Burlington deal goes
that is only indirectly involved in the
Northern Pacific controversy and we
believe it will go through in due time"
AT the banking house Of ]. P. Nor
gan & Co.. no statement regarding
korthern Pacific could be obtained.
THE Commercial Advertiser prints the
following interview with ]. ]. Hill:
..Mr. Hill. are the troubles between
the Northern Pacific and Union Pacific
settled?" asked a reported.
: There is no question of any trouble
now. I never myself had any doubt
that in the end we should come out all
right and the trouble was not foisted
on the public by US. 1 do not speculate
myself in a single share, and the shares
of the Great Northern and of the
Northern Pacific which have today
shall keep. if can, until doomsday.
sThe troubles which have been caused
by this dispute as the papers called it
have been fomented by the papers
themselves. When we who are con-
Eerned can get together and talk mat
.rs over the differences will not be sc
great as they appear. They will not be
impossible of settlement, but look a
the ruin that has been done"
Mr.. Hill paused and turned hall
around. When he turned back there
were tears in his eyes.
'sI have received lots of letters, n
said. from friends Of mine-men and
women-who are not rich, who are
comparatively poor. They know that