Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1913-03-31


Jupiter, Mars. Mercury.
but # is thought probable the trip will
be postponed.
HAS SERIOUS SETBACK.
Coincident with Morgan's death, it
became known he had sustained a seri-
GUS setback before his departure for
Europe, but had rallied so rapidly it
v as not considered a forerunner TO a
fatal illness, and was known only TO
his most intimate friends.
For many years Morgan spent con-
siderable portion of his time abroad,
but on this trip he severed all connec-
ton with the business affairs and per
ritted his partners to shoulder all re-
sponsibility for their conduct.
FIRST REAL REST.
It was the first instance Of taking
such complete rest since he entered
the banking business in this city be-
fore the civil war.
Please don't speak to me now
was the request of J. Pierpont Morgan.
JT., now J. P. Morgan, of the small
army of newspapermen who greeted
him when he left his house on Madi,
son avenue this morning. Morgan was
bound for the home OF his mother a
few doors away. Befre he reached
her door, however he added:
Two cablegrams were received
from Rome, one at SIS and one al
$50 They have not yet been trans
lated A statement will be given out
later at the offices Of the Morgan com
pany."
BANKERS TO THE FRONT.
Owing to the support by banking
| interests, the shock occasioned by
Morgan's death did not upset the mar
ket seriously. The effect of the pass
| ing Of the financier was partly coun
! teracted by reports that the inter
| state commerce commission had sane
/ toned freight rate advances on trans
continental roads, The stesdiRessz %
| the market after the hrst drop IL
| prices impressed the bears, and shor'
covering played a considerable par
/ in the rally which quickly followed
/ Toward noon. however, the market fel
back 10 the earlier level.
The market closed firm.
Prominent bankers in this city SAT-
this morning they did not predict an,
decided unfavorable effect on the stocl
market by reason Of Morgan's dealt,
Recurrent rumors OF his serious illness
they said had prepared the market 70
any possibility and enabled those er
gagged in market operations to pre-
pare for Just such a situation.
Declines of ! IA in Union Pacif
and a point in steel, Northern Pacific
st. Paul and Smelling at the openin
of the stock market registered tn
immediate effect on the list OF Mo-
gans death. The market betrayed n
evidence OF nervousness. The onl
large block 10 come out at the openin
was 4,5oO shares OF steel which sol
az Gl 70 Il, compared with Saturday
close Of 60. Declines for the most pal
were fractional and there were a fe'
advances.
ANAN " GS III tANAAtu4NAL VI maj
. ed changes in prices during the opel
ing session on the consolidated e:
change, whi.h opens a half hour
advance of the stock exchange.
/, EFFECT on FOREIGN MARKETS.
Paris, March 31.-Prices Shove
irregular changes on the bourse t
day.
a Berlin, March 31.-Trading VIZ
= quiet on the bourse and price change
were limited TO small fractions.
v London. March 31.-The death
j. Morgan had little or no effect {
E. prices on the London stock eXchang
His death was received with markt
- regret in higher financial circles
London. where he was a great favorit
Chicago. March 31.-The death
Morgan did not affect the whe
market.
COMMITTEEMEN SURPRISED.
Washington, D. c., March 31-SU
prise was expressed by members
the money trust" committee, now
Washington. that Morgan's brea
down should have been attributed
his physician to the effec; OF the Pu
inquiry. When the banker appear
before the Pujo committee Dec. is al
70 he apparently was in good healt
his bearing confident and self pC
sessed.
Morgan seemed TO enjoy the
vestigation," said Representa-
Haynes today.
,OIITV F0n oman