The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-03-31

death it became known that he had
suffered a serious attack before his de-
parture for Europe, but rallied so rap
idly that 1t was not considered a fore
runner to fatal illness, and was known
only to his most intimate friends. For
many years Mr.. Morgan spent a con-
siderable portion of his time abroad,
but on this trip for the first time he
severed all connection with business
affairs and permitted his partners to
shoulder all responsibility for their
conduct. 1t was the first instance of
his taking such a complete rest since
he entered the banking business in
this city before the Civil war.
The stock market bore up we'll un-
der the news Cf Mr.. Morgan's death.
Opening prices showed declines, which
in almost no case exceeded point
Supporting orders rallied the market
quickly. Trading showed no evidence
of nervouSn
No UnfavOrabIe- Effect.
Z Prominent bankers in this city said
this morning that they did not pre-
dict any decided unfavorable effect on
the stock market by reason of Mr..
Morgan's death. The reason of this,
they explained, was that the recurrent
rumors of his serious illness had pre-
pared the market for any possibility
and enabled those engaged in market
operations to prepare for just such
situation.
There was no excitement or marked
change in prices during the opening
session of the consolidated exchange,
which opens half an hour in advance
of the stock exchange. Prices were
from Il to q under the London open
ing and u to 1 4 below Saturdays
New York closing. The opening
prices were: Amalgamated Copper,
72k; American smelling. 69A St
Paul, 1105s Erie, 2S; Reading, $50 Il
Lehigh Valley, 156 Il; Union Pacific,
1919; Steel, SOS.
please don't speak to me now,
was the request of ]. Pierpont Nor
gan, jr, now J. P. Morgan, to the
small army of newspaper men who
greeted him when he left his home in
Morgan was bound for the home of
his mother, a few doors away. Before
he reached her door, however, he
added:
ceived from Rome. One was received
at Sis and the other at $50. They
have not yet been translated. A state
ment will be given out later at the Of
fices of J. P. Morgan & Co..
Surprise in Washington.
Washington, March 31.-Surprise was
expressed by members of the money
trust committee, now in Washington,
that Mr.. Morgan's breakdown should
have been attributed by his physicians
70 the effects of the Pujo inquiry.
When the banker appeared before the
committee december 10 ana IL ne was
apparently il good health and his
bearing was confident and self possess
ed
Mr. Morgan seemed to enjoy the
investigation said Representative
Hayes, of California, today. He seem
ed entirely at ease and under no un-
usual strain
News Received in London.
London, March 31.-The death of J.
P. Morgan had little effect on prices on
the London stock exchange. The list
had weakened somewhat on early teIe-
grams forecasting the speedy end of
the great financier. but any disposition
to start a bear movement was
quickly checked and the actual an
nouncement of his passing away scarce
ly caused any further movement.
The death of Mr.. Morgan was re
higher financial circles of London,
Does Not Affect Market.
Paris March 31.-The death of ].
P Morgan which became known on
the Paris bourse shortly before clos
ing time, had no effect on the market.
Mr. Morgan occupied an immense
place in French confidence. He had
done more than anyone else during the
last ten years in establishing the faith |
of French investors in American Sc
curities.
LIFE STORY OF j. p. MORGAN.
Career in Finance Started