New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-25
THE NEWS IN LONDON.
TALK OF INTERNATIONAL CONFER
ENCES CONTINUES.

CONTINENTAL CONFIDENCE IN AMER
IcAN CREDULTrY-JAPAN ORDERS
wARsHIPs-LABoR TRoU-
BLEs IEssENING.
[BY CABLE TO THE rRIBuNE1
London. July Pho appreciabe change has
been produced by the explosive English com.
ments on the Sherman dispatch. The English
press is now shooting folly as it flies. the silly
season having opened prematurey Negotia-
tions are in progress and II is probable that two
conferences will be held before tn, year ends.
one will be a conference at Washington. which
will make final effort 10 prevent by inter-
national agreement the destruction OF the seal
herd. Whether England will consent to adopt
any measures which will be resented by Canada
Is doubtful. but there Will be a conference IN tho
autumn, at which expert testimony will be pre-
sented and modus yivendi discussed.
Russia and England will be represented. and
probably Japan This matter is nearly settled.
and ex-Secretary Foster will probably return
next week
The second conference will be a monetary one.
The fnanciers in Professor Walkers acre Of
monometallist territory speak contemptuously
Of Senator Wocotts mission. and refuse to be-
lieve that England will make any concession to
that any compromise is practicable or that
France in the last resort will stand by tho
United States in joint attempt to revive BIZ
metallism. Lombard Street Is profoundedly
sceptical respecting the success of the three
silver ENJOYS. either in Paris or London This
lack Of faith in a monetary alliance between the
United States and France Is apparently con-
hrmed by the silence Of the English press on
the whole subject. That press however does
not always know what is going on neverthe-
less, there has been nothing to discourage the
ENJOYS since their arrival in London, and the
| trend Of negotiations now in progress is unmIs-
| takably in the direction Of a new monetary con.
ference
The situation may be briefly explained as fol.
lows: The three ENJOYS have stated their case in
two consultations with four or five members Of
the Ministry and asked for the cooperation OF
England These Minister'S have agreed to con-
suit experts and to give the whole matter full
and careful consideration. Their answer may
not be made for week or a fortnight. When II
is received the ENJOYS will probably return to
Paris for a second consultation with the French
Government If it be sufficiently encouraging,
they will go to Berlin and open negotiations with
the German Government. Until the British an
swer is known the movements OF the Enjoys are
purely matter Of conjecture. but they are like
y to remain several months in Europe; indeed.
the probabilities at this moment are strongly In
favor OF concessions from England which will
render an international conference practicable in
the autumn.
Mr. Whielaw Reid's last week in London was
busy one He was engaged almost to the last
| moment since he at the Duchess of Port
! lands party after midnight 10 meet the Prince u
| Wales and other royalties. The work of the
| Special Embassy was brought to a brilliant close
by a dinner and evening party at his house, with
the Prince Of Wales as chief guest with excep-
tionally fine music by famous artists and with
DISTINGUISHED company. made up principally from
the English houses where he has been enter
tained. Mr. Reid and his family started this
morning for Southampton on their return to
New-York A large group of friends was pres
ent including Colonel Hay, Mr. Henry White
and Mr. Carter, from the regular Embassy. three
secretaries of the special Embassy and many
! others Both Mr. Reid and Mrs. Reid re in ex-
cellent health and have fully enjoyed their stay In
| England Mr.. and Ms. ogden Mills VIII SAIL
| to-day from Liverpool for New-York. Mr..
Creighton Webb and Mr. Erskine Hewitt will re-
| main in England for few weeks. President NC
| Kinley's action in appointing special Embassy
| has produced first and last the peasantest pos
| sibIe impression in London. No other dipio-
| matte incident in many years has done so mucn
| TO promote good feeling toward America IN Eng
| land The relations Of the two American Em-
basses have been harmonious throughout.
| Colonel Hay and Mr. White have done every
| thing in their power to minister to the comtore
| and pleasure of the special Embassy. What Win
the silver ENJOYS, the Fisheries Ambassador
! bishops without number the librarians confer
| ence and other official and representative bodies
! from America, the regular Embassy has been
overwhelmed with work during the last month.
but it is now well organized as to be equal 10
all demands upon its time and energies.
The announcements that exports OF gold from
! America have been temporarily resumed makes
no stir here, because it is evident that. with
rising market for wheat and the prospect OF
phenomenal demand for breadstuffs from AUS
! traia as well as Europe, gold will soon be fno'-
ing in the opposite direction These temporary
exports of gold would not occur II America had
not been purchasing its own securities from
London. The tendency among English investors
is in the direction of selling American stocks
whenever prices improve. II prices rise In
| America securities will be sold here In large
ouantity and gold will have to be sent over In
| navnent until the wheat and cotton crops are
moved The bulk Of American imports OF WOOL
made last spring is not yet paid for what the
| most pessimistc English financers have to ad-
nit Is that Providence is on the side OF America
| this year as last year, when a monetary Crisis
| was averted by good crops and high prices.
| With a rising wheat market Americans can
well afford 10 buy their stocks from England
even il they have to pay gold for them for rev
weeks These financial problems pass without
observation. whereas the gold discoveries on the
border OF the British possessions and Alaska are
descr;hed in detail from America and are at
tracing widespread interest.
Foreign affairs have settled into the usuai
ba Splt