New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-18

sonable for England to prevent on technical
grounds the execution Of a work from whlch IL
would derive great benefits. and that. so long
as the use of the canal is secured on equal terms
10 sbips OF all nations the literal terms of the
CLAYTON Bulwer treaty need not be insisted
upon The article is most friendly In tone anu
points TO an easy settlement OF the issues Oh
canal diplomacy If the United states Govern
ment undertakes the construction OF the water
way In diplomatic circles no doubts are en-
tertained respecting the facility with which the
Clayton Buwer treaty can be adapted 10 'he
new conditions OF American construction and
exclusive control. with guarantee OF the suez
principle Of equality in use by all nations IN
time Of peace war.
Mr. Courtney startled London audience this
week by the statement that American COTTON
manufactures had surpassed In output those OF
Great Britain. which had long enjoyed I'M
r,valled ascendancy American supremacy in
the manufacture of iron and steel is an older
story. Facts like these and the increasing COM
petition OF the United States in many branches
Of the export trade compel the English press
10 follow with keen interest every development
of American commercial policy in the new de-
tendencies The effect OF the enormous trade
balance in favor OF the United States is an I'M
ceasing source of anxiety on Change. Janu-
airy dividends ordinarily ease the money mar
ket here but this will be a temporary erect
this winter. Well-informed brokers say that
England is buying rather than selling Amerl-
can securities. and that the trade balances can
no longer be settled by the shipment OF BONDS.
What is generally predicted is large With
drawal Of gold from London for New-YorK
toward the end Of January, with continuance
Of the monetary strngency in Berlin. This VIII
make a tight squeeze.
The Bradford Dyers' Trust has obtained the
REQUIRED subscriptions In open market tnls
week and is cow in position TO control the pro-
duction and prices of this important branch or
the Yorkshire trade. 1t does not differ from
American trusts. and embraces 30 per cent OF
the dyeng business 1t was adopted for en-
forcing by penalty the clause of joint agree
ment TO sell at not less than given price.
These Overs and the rubber combinations are
the last additions to the long series OF trusts
with which Free Trade, as Secretary Blaine
once said is plastered over.
THE Atheneum" praises highly Mr.. Marion
Crawford's Ave Roma Immortalis.' and refers
10 Mr. c. ID. Gibson as the leading satiric genius
of the day Mr. Sidney Lees Life of Shake
peare" is passing rapidly into third edition.
Lady Burne-Jones is writing a life of her hus-
band. A splend'd exhibition Of Burne-Jones's
works will be opened at the end Of next week
in the New Gallery
An important meeting will be held next week
at Marlborough House to promote the objects
OF the National Association for the Prevention
OF Consumption. Both the Prince Of Wales and
Lord Salisbury are personally interested in this
subject The Prince has lost this week two IN
innate friends by the death Of Mr.. Christopher
Sykes long known one of the best -dressed
men in England and admirable host and
Baron Ferdinand Rothschild, who died suddenly
to-day at Waddesdon Manor. where the Prince
fractured his kneecap. Lord Vernons death has
left boy Of ten and Of American blood In pos
session Of his ancient title.
Scores Of holiday parties have already been
made up for the great houses. Mr.. Henry
White and Mrs White will spend several days
at Hatfield House with Lord Salisbury, and then
go on TO Chatsworth, where they will spend
Christmas with the Duke and Duchess Of Dew
onshire. The country houses Of the Marquis Of
Londonderry the Duke of Marlborough, Lord
Derby and the Marquis of Bristol will be filled
with guests over Christmas l. n. F.