New-York tribune., 1901-01-09
J. j. HILL HERE.
CoNFERs WITH JACOB H scHIFF AND
D. :. LAMONT.
RUMORs ABOUT HIS vISIT-THE B AND OF
CONTINT7ED ENTRY INTO NEwyoRK

RUMORs ABOUT HIS vIsIT-THE B AND o.'s
CONTINUED ENTRY INTO NEw-YoRK.
James ]. Hill president of the Great North
ern Railway Company, reached this city yester-
day afternoon from his home in st. Paul. and
promptly proceeded 10 Wall Street which it is
understood will be the field of his activities for
the next week or So Whether OF not Mr.. Hill
had a conference yesterday with ]. Pierpont
Morgan could not be ascertained, for Mr. Nor
gan at late hour declined to talk about the sub
ject and Mr.. Hill could not be found downtown
and could not be seen in the evening at his
hotel. the Netherland. Mr.. Hill did. however.
have a talk with Jacob n. Schiff, Of Kuhn, Loeb
Il Co.. and toward night conferred at the Great
Northern's offices in the Kuhn-Loeb Building
with Daniel S Lamont, vice-president of the
Northern Pacific. Mr.. Lamont, when asked last
night whether not any developments in
gard to the securing of control of the Chicago,
Milwaukee and St Paul by the Great Northern
and Northern Pacific might be expected by the
end of this week would say only L have no in
formation the subject"
Mr.. Hill in recent interviews in the West has
set forth his views the situation N such
language apparently to lead to the belief
that there is intention Of effecting a joint
lease of the St Paul to his road and the North
ern Pacific, but that, on the contrary, nothing
more is contemplated than an extension OF the
community of ownership principle ef-
fective between the Northern Pacific and the
Great Northern to embrace also the st. Paul
road But Wall Street is asking why in that
case it has been thought advisable by Mr.. Hill
10 have his local adviser Mr.. Grover and his
e-president Mr.. Miller accompany him on
his present trip 10 the East, and Wall Street
holds pretty firmly to the theory that some ar
rangement in the nature Of q lease will soon be
announced as a sequel 20 the recent rapid ad-
in st. Paul stock.
Roosevelt Miller. chairman of the Board Of
Directors of the st. Paul was quoted yesterday
in special dispatches from Chicago. as declaring
that his visit TO that city simply for the
purpose OF attending the funeral Of Philip D.
Armour. and adding: If Mr.. Hill and his fol-
lowing have purchased stock, IT has been for
investment The preferred stock is all held by
investors and much OF it is tied up in estates,
and large percentage of the common is in
similar hands The high prices for the latter
have not brought much OF It into the market.
The reports that Marshall Fields holdings.
amounting to s300O0Oo have been secured. is
absurd. Mr. Field sold most of his stock some
time ago and does not now own over four thou
sand shares. Alexander Mitchell also marketed
his stock long ago. AS for the S5,0OoOOO said
TO have been secured from the George T. Smith
estate I know nothing about IT," Mr. Miller
said further that there is oUt-and-oUt con-
sodation He-tnEirnated however, that GER
tain interests might get together for the purpose
of siren gthenng their position IN regard TO
rates and development OF business, following
the policy Of the Hill interests.
II IS to be rernem mbered that the status Of the
Baltimore and Ohio in the Reading -New-Jersey
Central operation has NOT yet been clearly de-
fined. Mr. Hill is an influential director Of the
Baltimore and Ohio. and it was suggested yes
terday that the nesotiations for safeguarding
10 that road the privilege OF continued entry TO
the port OF New York might have been deferred
until his arrival here. although the relations be
tween Messrs Morgan and Hill are so cordial
that II has at time been thought that any
action tending 10 cripple the Baltimore and Ohio
would be taken
An all day session Of the Road Committee OF
the Baltimore and Ohio Railroad Company was
held here Yesterday and gave rise to considerable
gossip. II assumed that the recent sale OF
the Jersey Central road TO the Reading company
and the effect of this change of control on the
Baltimore and Ohio line would be fully gone
into but according TO a member of the commit
tee this matter only casually discussed
No other business Of Importance is said TO have
come before the committee.
REPORTS that President Harris OF the Philadel-
phia and Reading road would visit this city yes
terday 10 confer with Mr.. Morgan in regard to
plans for financing the purchase of the New-Jer-
sew Central property could not be confirmed at
the Office OF J. p Morgan & Co. A representative
OF that firm said yesterday that the terms OF the
sale had not yet been fully determined.