New-York tribune., 1901-07-28
SHAFFER SEES MORGAN.
IMPORTANT CONFERENCE ON
THE STEEL STRIKE
TO BE CONTINUED TOMORROW BELIEF,
THAT A SETTLEMENT WILL
BE REACHED.

conference on the steel strike was held yes
terday afternoon before o'clock by J. Pierpont
Morgan. President Schwab. of the United States
Steel Corporation; President Shaffer and Sec
retary Williams. of the Amalgamated Associa-
ton, and ex-Judge E. II. Gary chairman OF the
Board of Directors of the United States Steel
Corporation. The conference will probably be re-
sumed tomorrow. with the same officials pres
ent. The meeting conducted with the utmost
secrecy. According TO one authority IL took place
at the Lawyers Club. 1t is believed that while
no agreement was effected between Messrs
Morgan and Shaffer. substantial progress tow
ard settlement made. and the formal an
nouncement of the compact of peace will coma
in few days.
The conference yesterday was prearranged
On Friday a representative of the Amalgamated
Association met officials of the subsidiary steel
companies. and plans for the visit of the leader
of the Arnalgamated Association yesterday were
arranged. Messrs. Shaffer and Williams left
Pittsburg quietly and arrived here late Friday
night. Yesterday morning President Schwab
had a long conference with Mr.. Morgan at the
close of which it was announced to other Off
cials that Mr.. Morgan would meet President
Shaffer.
Despite the reports that he would be absent
from his office yesterday. Mr.. Morgan arrived
there at 11:30 o'clock a. m. Half an hour later
'~S-NN-AS ''OAAN1D EiSllS'A Llill Nnen MI. NlOr-
gan was informed that dispatch from Pitts
burg had been received which announced uare-
servedly that President Shaffer and Secretary
Williams were in the city for the purpose Cf
enecting reconciliation with the United states
Steel Corporation. Mr.. Morgan said that he
knew nothing about the presence in New-York
of the two labor representatives.
Soon after President Schwab's arrival several
high officials of subsidiary companies arrived
RTln ffar
Morgan With the coming together of these
men, who represented the combined energy and
brains Of the parent and constituent concerns.
it was quickly inferred that an important dis
cussion upon the trouble in Pennsylvania was
in progress Wall Street was almost positive
then that steps We're being taken to push
through a settlement at the earliest possible
date.
About noon a steel official made the following
significant statement:
Unless something of an unexpected nature
crops up it is reasonably certain that the differ
ences existing between the mill owners and
the strikers Will be adjusted before the end of
the month.
Shortly afterward a special dispatch was re-
ceived in Wall Street from Columbus. Ohio. say
ing that Secretary Bishop of the State Board of
Arbitration had been called to Pittsburg by
! telegraph. SEcsEZna hly--Nith reference 70 the
steel strike.
I These announcements made the movements OF
the officials even more interesting.
Early in the afternoon ex-Judge Gary called
+ to Mr.. Morgan. leaving the banking house
/ later with President Schwab- They declined u
talk of the situation. Mr.. Morgan did not
| leave his office until the unusually late hour
/ of $50 o'clock. With him c. Z. Daw-
kins, partner in the London banking house of
]. 5. Morgan & Co. who had been present at the
various conferences.
Mr.. Morgan remained in the city last night.
occupying apartments al the Fifth Avenue Hotel.
Accompanied by Mr. Dawkins he left the hotel
about { o'clock. Upon his return at ll3O he
| again declined to discuss the strike or the days
conference. He sand that he could not discuss
the steel question, but admitted that there
would be meeting of any kind before to-
( rrOw.
At none of tho hotels last night could Presi-
dent Shaffer be found His habit the past
has been To stay at the Ashland House. but it
was said at this hotel that he not there
The belief that the strike is nearing end
was reflected in the market yesterday. The
continued sharp advance OF the Steel shares
the feature of the day. and 6S, 400 shares OF
common were exchanged. the stock closing at
/ 44Ia. a rise OF 1la. Thirty-fOur thousand
/ nine hundred shares of the preferred were
bought, which advanced their final price 23s
| points over the previous days close. The total
! operations of the day in these Issues amounted
/ TO almost half the days business of the entire
/ list