| Show TRUST OFFICIALS HOLD CONFERENCE Corporation Chairman Issues Statement After Talking With J. J P. P Morgan SHARP SLUMP IN STOCKS Rush of Selling Orders in Steel Issues Issues Is Is- sues Produces Wild Scenes on New York Exchange en 13 By International News Service Ser New Nei York Oct 27 The 1 The statement Issued b by Judge Gar Gary chairman of the tho United States State Steel corporation follOwed follOwed fol- fol lOwed ved a lengthy length conference held earlier canter In n the afternoon at st the tile banking house ot of f J J. J P. P Morgan an Co between Mr ir Morgan lorgan Judge Gar Gary and antI Geor George e F. F Baker chairman of the board of or the First National bank and a n. steel trust director None one of ot the other directors or of- of of oC the trust could bo be Induced to toay sa say ay a Il word to today a about the suit The Tue statement b by Judge Gar Gary Is the sole utterance that came from authorized steel trust sources source during a R. day of ot wild excitement on the stock exchange and Intense anxiety throughout the financial finan- finan cial lal district All morning the entrance to the tho Morgan lorgan bank at Broad and nd Wall all streets Wa was carefully watched b by brokers and I representatives of or other financial interests In- In to see who enter entered d there Mr Ir Morgan did ld not arrive until 1 15 In i the afternoon Judge Juge Gar Gary went to the he bank at 1230 and waited walte the comIng coniing coning coni com Ing ng of the banker George 1 F. F Baker arrIved soon after the steel trust chaIr chaIr- man lan As soon as Mr I 1 Morgan an came the three repaired to an inner office and andrer were closeted about an hour Both Morgan and antI Baker Baket refused to lo see ec newspaper men At the conclusion of ot the conference a report spread that Morgan an and nd Gar Gary had decided to go to Washington Wash Wash- Ington on Monday Monda to ha have vo a personal interview w with Attorney General Wickersham Wick Wick- Thomas Lament Lamont one of Mr Ir lorgan's Morgans partners rs denied all knowledge knowledge knowl- knowl edge dge of oC the purpose of or the two tt steel magnates s tl to visit Washington In view o of f the tact met however that from another source it was wal learned that the public hearing caring on the tobacco trusts trust's plan of oC to be begun in th the United States circuit court hero here Monday will probably be po postponed because of oC the tho likelihood of oC the tho attorneys attorneys' inability to o be present credence was given to tu the 10 report of at the projected visit of or Morgan organ and Gar Gary to Washing Washing- ton on Arc r Str C Served d. d Before BeCore he be left heft his lila residence In Madison Madlon Madl- Madl Ia lson l- l son on avenue for tor his bank Mr II Morgan was as served with notice of or the suit b by United States Marshal Henkel anti and Deput Deputy Marshal William Crawford The banker ankor received the lie summons summon from tho the lum hands lunds s of oC the marshal without a word of oC f comment merely merel grunting a n thank you ou and turning from his visitor From the he Morgan 1 residence Marshal Henkel and nd Deputy Crawford went to the mansion of Andrew Carnegie The Laird L. of Skibo met the officers at the door having been apprised In advance ance o of f their coming I acc accept pt the paper he lie said with t a amile smile mile smile although I am certain I have er never violated un any law of the lan land Then the officers dashed dashe downtown downton where n n ri turn the they serve served summonses upon upon pon DanIel G. G Reid at 1 Hi Broadway Charles Steel in the Morgan bank and John ohn D. D Rockefeller Jr In the White White- halt hall all building Tomorrow morning they wilt will go so to Tarry ton n b by arrangement ment to o serve servo the process upon John Jonn D. D flocke Rockefeller fel I or The serving of oC the summons ns upon John ohn D. D Rockefeller Jr In the White White- hall ball all building Ins Instead tend of In the Stand- Stand rd OH II bu building lid revealed re pu publicly bUc for tor the tue first time that the younger oun er Rockefeller Rocke Rocke- teller eller does not keep an office In the Standard Oil building The Whitehall building Is the tha headquarters of ot the Texas company compan founded by the lato late John ohn V W. W Gates and generally generall supposed ed to o be the tho principal rival of ot the Standrd Stand Stand- and ard rd Oil company Marshal Henkel declined de- de dined to say whether young oum Roche- Roche tellers ellor's office was in tho the suite of the Texas exas company compan Slump In Stocks Stock Steel stocks le led a downward ard rush of ot the he stock market both In London and New York toda today Within the tho first two hO tours of ot trading here both Issues went off heavily lly The Tue common dropped S points from Thursdays Thursday's closing reachIng reaching reach reach- Ing Info 50 CiO and the preferred went down from to The common closed with a recovery recovers of 21 l points and the preferred with Oni only 2 A few tew Industrials showed feverish sympathy with the rapid decline o of oC Steel Transactions In the latter ap ap- ap- ap shares and account account- od Ill 1 for tor half of the days day's business on the New ew York stock exchange nc Scenes that were cre even wilder than those of ot six weeks n ago o. o when tho the bear movement ment against t Steel was at t It its height attended the slump So many scores of ot brokers with selling or orders ers were crowded around the Steel post on 01 onie tie ie floor that only a few Cew of ot them were able at times to raise their arms hl high h enough to give Ive meaning with theIr thel hands to the words they were ere shouting |
