New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-05-14

Morgan is lending Northern Pacifics at evens'
that is for nothing. 1t is understood that huhh'
Loeb & Co, as well as Mr.. Morgan quietly
loaned shares TO aid their friends who had been
caught in the squeeze.
The committee also decided that the settling
price q Northern Pacific preferred was to be
10; but the amount involved is or minor I'M
portance.
Decided satisfaction was expressed on the
Stock Exchange here over the tentative settle
rnent Of the Northern Pacific crisis. The repre-
sentative here Of Kuhn. Loeb & Co, Powell
Jackson & Geiger. said TO a representative OF
The Associated Press:
There is much nervousness in view of the fact
that the relief may he only temporary ana that
another crisis may be precipitated BY the ac-
ton Of either Mr.. Morgan or MI HaII nIlia.d
The suspension Of the settlements. ammo un5e -.
by the committee this morning Is or lnoeLi.i
duration, but each day gained helps the .Sd
ton of accounts. The brokers worse pasiac IN
generally hold options on Aorthsth -, In the
which they can realize in June ana july; ~. u -
mean time salvation depends on me ieiiiei''
Mr.. Morgan and Kuhn, Loeb q 20
Money was in good demand to-day IN oohneo
ton with the settlement Discounts were M.
r. - oas,, achievements this week in con-
,1ection with the Russian loan will nave a us
turbing effect on the market -, -.a- ,+.Is
anarf from the carry-over, there was niue
.s apai -, .te STOCK exchange Most OF the sec
tions -rere firm owing to the lessened rear oA
trouble Americans at the opening were IN
good demand on the announcement OF the ON
Snntttea's decision that the buying in of North-
ern Pacific common and preferred be suspehoea
for the present meaning that the STOCK 49,
not be delivered Immediately. quotations. W.
largely nominal. Northern Pacific were ols-
organized. The nearest quotation was pre-
ferreds at 10. though this is not trustwor.n;y.
The nineteen day account opened satlsiactoriiy
and proceeded cheerfully until the panic IN
Wall Street completely checked business ana
ended with gloom and uncertainty. Ihe Ie,, ne.
,la 1ipr NJ o
ties to provide the necessary funds TO uoe over
possible difficulties.
Americans were stagnant and uncertain ate
IN the afternoon. on reports that a Union Pa
cific corner in New-York, similar to the North-
ern Pacific corner, was imminent Union "a
cific common varied from llO 10 lib curing lIe
dav and has since been 123 on the street
huctuating widely a reflection or New n,
without transactions everybody being AFRAID 10
The The Stock Exchange will be closed on May
Is the date Of the one hundredth ahiii'eiS'i'
OF the laying Of its foundation stone
The foundation stone of the London Stock EN-
change. in Capel Court. the residence OF me Loru
MAYOR Sir William Capel. in 1904 was laid May 10
1901 It was stated on the first stone mat INC
public debt then 55275Os24-
DECIDES STOCK QUOTATIONS RIGHTS
CONTENTION OF STOCK EXCHANGE THAT IT CAN
TERMINATE A TICKER LEASE UPHELD.
Justice Freedman in the Supreme Court. yester-
6av decided the question Of property rights IN
Stock Exchange quotations by denying an appIea-
ton of J. L. Mclean & Co, stock brokers. oi No.
N rarosdCav and No Gao Madison-ave. for the con-
tinuance Of an injunction pending trial restraining
the New-York Stock Exchange, the Gold and STOCK
Telegraph Company and the Western Union Aele-
graph Company from removing the stock ucker IN
the premises of the plaintiffs at the Madison-aVe'
Office.
The plaintiffs purchased the business OF Curtis q
Romano in the Madison-ave. place. together with
the fixtures the ticker rights. in last April TOT
$3.50 the ticker being leased al SIS month Inc
ticker was supplied the condition that the APP
proval OF the committee Of the Stock Exchange was
necessary. 1t asserted by the plaintiffs that
the Stock Exchange quotations were public prop
erty that their rights lease the ticker could
not be interfered with,
Rudolph Keppler. the president OF the Stock Ee-
change, contended that the quotations were the
property Of the members Of the Stock Exchange.
and that their right 10 terminate contract for the
lease OF the ticker had already been decided.