New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-18
J. P. M0RGAN'S ILLNESS
A STOCK MARKET RUSE
Slight Indigestion in Egypt =
| Week Ago Magnified Into
Dangerous MaIady.
WILL REMAIN IN CAIRO
London Newspaper Draws At
tention to Days Exemplifica-
ton of Americans Vast
Financial Power.
lBy Gable to The TRIBUNE D

BY Gable to The Tribune
London. Feb. 1S.-The reports which
flew through the financial district OF
London yesterday 10 the effect that J.
Pierpont Morgan was seriously i'll fol-
lowing an attack of acute indigestion
which supcrvened at cairo were quick
~ shown TO he without foundation. but
not before stock market prices had un-
dcrgone a sharp reaction.
r. g. smith Of Morgan. Grenlell &
co. The English branch Of j. p. Nor
gan n Co. said yesterday that the last
they had heard of Mr.. Morgan was
that he was in Egypt They had no
information as 10 the reported illness.
though naturally they would expect
Ia he the first to hear
In view 81 the lack OF Information
Mr.. smith was inclined To take it a.
q stock market ruse similar 10 many
others of the past
The Caronia left Alexandria ycster-
day. She is due at Fiumme on 'ebru
any 20 and at Naples February ~. but
Mr. Morgan. contrary TO reports. is not
on board
ON TN. stock market weakness de-
ycloped in the American section in the
afternoon a. soon as the reports OF
Mr.. Morgan Illness cam" 10 hand. but
when later accounts showed that thc
rumors were unwarranted prices hard
-ncd little in the street though tin
market lacked agEressiveness.
The Standard this morning says
that the effect e sinister rumors about
MIR Morgans health on the bourses or
two continents illustrates in a remark
able manner the vast financial power
Of the great American hnancicr. II
adds. 'Th. lie incident is a proof
of the far-reachIng complexities Of
modern finance and the delicacy Of the
equilibrium upon which the business
interests al tn. entire world rest
TN. New YORK. stock market MAS sharply
affected los the reported illness Of Nj.
MORGAN Yesterday. the leading issues
dropping from fractions Of point TO two
points aud more before rcassurng news
Wig fprthcomuc. The wlscacrrs. now
ever recalled the fact that in previous
wears unfnvurable news concerning tire
great nnancier's health had emanated
from Egypt. and Tor this reason even
from the first the foreign dispatches were
not accepted a. conclusive.
The Morgan firm received cable ines
sage from Cairo stating that Mr. Morgan
was i'm fine spirits. but that he had
changed his plans. Instead OF going to
Naples Immediately he will remain In
cairo for probably two weeks more.
shortly before noon Mr.. Morgan's part
ncrs issued the following statement.
"Nr Morgan had sharp attack OF
indigestion while up the Nile. and had
decided To return TO Cairo where he no"
IL and where he will probably remain
uu,il March 10 the date Oh which he had
nreviouslv arranged 10 leave there MI.
Morgan is better and cables are reassur-
ing
Much indignation was expressed By MI.
Morgau'g colleagues anu liltHuo III i"''
cltv AT the attempt to make a sensation
over a slight attack of Illness that took
Mace nearly week ago. ON TUESDAY
/. "a, information came by cable that he
mad suffered an attack OF acute indiSes-
ton but that no alarm had been felt re-
c..dlnc his condition al any time. MIS-
Hamilton. Mr.. MorGan's daughter, is with
hor father. and has been keeping her nus
hsnd who is member Of the Morgan
firm. fully apprised OF his condition.
The opinion was expressed III wan
street that yesterdays revamplng OF
veek-old incident had some Interior mo-
tive a.,
II Was stated at the time OF MT. MOT
game departure by some of his intmate
friends Tint he probably would not re-
urn 10 the United States until Ausus''
10 anxiety was felt I'm regard to the
Gnanciers. health when he left Ne" YORK
and ma musician accompanied him on his