The daily morning journal and courier., 1902-10-14

With J. P. MOTgan-GOvernOr Odell
 OptimIstIc-stOck Market RumOrs of
 an Agreement Conference in Philn-
 deIphIs.
 New York, Oct. 13.-To-day was another busy day for the operators. Before noon all of them except Presi- detn Baer were in conference at the office of the Erie road. Their talk last ed over an hour, but no statement was made for publication.
 Following this conference Chairman Thomas, of the Erie road. and Presi- dent Truesdale of the Lackawanna, were closeted with J. P. Morgan at the latter's office. Mir. Morgan would not talk about the situation nor would he say anything regarding Secretary Roots visit to him last Saturday.
 Rumors that the strike was ended were heard in the financial district and in the closing hour the stock market rallied very generally from it's early de- pression. These rumors were circulated for the most part by brokerage houses with western connections. The cOnser- vative element paid little heed, and denials of settlement were authorized by representatives of the Lackawanna and the Ontario and Western roads.
 In all probability the operators will hold their regular weekly meeting in ,;+, fo proSi- dent Baer is expected to attend. Wheth- CT or not this meeting will produce any results is at this time matter of con- jecure.
 Governor Odell made this significant remark at the Fifth Avenue hotel to- night:
 T believe that the coal strike is near l CT to definite settlement than it has l been since it started"
 Besides this statement the governor would make no explanation of the reas- | ons for his belief further than to say: ''In my opinion this week will see an l end of it.'
 Although no definite information can | be obtained it is believed that Cover nor Odell was this morning or yester- | day in conversation with both J. F. | Morgan and President Baer, to the lat | ter to whom he so forcibly outlined his position Friday. It is furthermore the opinion that Governor Odell's recom- i mendation of a five cents per ton il- crease for the miners and recognition Of | the union will be the basis of settle l ment, although the latter may be ar i rived at in a different manner by ask 1 ing the men to come back to work at l the advanced prices without any agree ment that they must leave their organi-
 cations, but also without any stipula- l tion that the union will be recognized 1 as q body.
 ] Governor Odell. after reaching the | hotel at 2:30 o'clock, refused to see any
 visit ors and he rested until the early evening, when he went to Brooklyn to 1 address 6 political meeting. The gov ernors desire to take q good rest was thought in some quarters to be due to exhaustion induced by protracted con- i ferences yesterday and to-day over the strike situation.
 So far as any legislative extra ses-
 sion goes, it may be said on authority
 that if called, 1t will be merely to pro-
 vied money for the purchase of coal at
 higher rates for the public institutions
 ana possibly to appropriate money for
 the relief of the poor. But although the legislature might be called together
 for these purposes it is in the power ot the governor while it is i'll session to
 send in special message, calling for revocation of such roads in the state as obtained their franchise for the ovowed
 purpose of providing coal to the pee pie.
 | Governor Odell did not return to New York until late tonight and there were no new developments. It is said, how
 ever, that at the regular meeting of the railroad presidents tomorrow the gov
 ernor will be invited to again present
 his views. That his views have not changed since Friday is well known.
 The report that MT. Morgan had as- sured Secretary of War Root that the
 miners should receive a 10 per cent. irl-
 crease upon returning to work, was
 answered by President Thomas secre-
 tary as follows: @
 NO 10 per cent. increase has been
 granted nor considered. This report
 must be denied emphatically.
 Mr Olyphant also said that he knew nothing about a 10 per cent increase. 1