Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-02-17
J. P. MORGAN ILL
IS REPORT, WHICH
HIS FAMILY DENIES
Financier Stricken at
CAIRO According to
News Agency.
SON SAYS ATTACK CAME
4 DAYS AGO AND Is OVER
Story of Money Kings illness
However, Causes Furry in
T, Stock Market.

LONDON. Feb III. Pierpont
Morgan has been taken suddenly and
seriously i'll at Cairo, Egypt. accord
ing to a dispatch from Rome to the
Exchange Telegraph Company.
The dispatch adds that Mr. Morgan
is today being brought back TO Naples
on board the steamship Caronia and
that he is accompanied by two ply
sicians and two nurses.
The report about Mr.. Morgan's Ill
health, given out by the Exchange
Telegraph Company, however, has
not been confirmed or even mentioned
through any other news source.
NEW YORK, Feb. III. P. Nor
gan, jr... today received a cablegram
from his father a Alexandria, Egypt.
saying that he had so far recovered
from an attack of acute Indigestion
he suffered recently that he had de-
cided to return to Cairo, and not go
to Europe as at first planned.
]. p. Morgan & Co. also received a
cablegram from MIR. Morgan. 1t was
dated Cairo, and said Mr.. Morgan
was in good spirits and probably
would stay there aafortnight.
An active member of j. P. Morgan
& Co. affirmed that Mr.. Morgan had
an atfack of acute Indigestion Tues
day or Wednesday of last week, and
added that J. P. Morgan, jr.. had on
Saturday received fmost reassuring
advices from his father. indicating
that the attack was practically over
at that time.
1t was said that Mr.. Morgan's fam
fly and friends felt absolutely no con-
Germ regarding him and that in all
proha bilty by this time he had COM
pletely recovered.
He is leaving Alexandra today, his
family says, on the Cunard liner Ca
ronia for Naples, and Is due in Naples
on the 26th He expects then to take
his usual journey up through Italy.
The Caronia, according to schedule.
should reach Fiume, Austria. on
February 20. and Naples on February
26 1SI1e is due to arrive in New YORK
on March 10.
J. Pierpont Morgan sailed from New
York on January !. this year, on board
the steamship Adriatic. His ship,
mn after departing from the pier,
1T aground off Governors Island.
was refoated later without sus-
Ying any damage. He arrived in
gaples or January % and visited the
ruins of Pompeii.
1t was stated at the time of Mr..
Morgan's departure by some of his
Intimate friends that he probably
would not return to the United States
until August.
No anxiety was felt in regard to the
fnancier's health when he left New
York. and no physician accompanied
him on his voyage.
Reports of Mr.. Morgan's Illness
alarmed speculators in the New York
stock market, and when trading be-
gan stocks were unloaded in large
amounts. Bull traders hastily closed
out contracts and there was also
heavy selling by the bears. Prices
broke abruptly.
In all the speculative leaders there
were wide openings" The first trans
action in L. S. Steel amounted TO over
5000 shares at G. to 607s. maximum
decline of points. Sales of i.509
Union Pacific broke the price of that
stock to 155, a 2-point decline. Read
ing sustained like loss. Aside from
steel the so-called Morgan stocks
were fairly steady International
Harvester and Erie. which are
classed in this group, were only frac-
tionally lower. Losses throughout the
market ranged from points in the
case Of Canadian Pacific to point
or more in a long list of railroad and
industrial stocks.
The reassuring reports concerning
Mr. Mcrgan's condition soon stemmed
the tide of selling. and at the end OF
the frst houI-Nhe market was steady
and prices had reached a slightly
higher level.