New-York tribune., 1901-05-11
LONDON NEWS AND VIEWS
WALL STREET PYROTECHNICs AS
VIEWED IN LONDON.
MR.. cRoKER's LUCK TURNS AT LAsT-DIN
NER OF THE BOOKSELLERS.

MR.. cRoKER's LICK TURNS AT LAsT-DIN-
NER OF THE BOOKSELLERS.
Copyright; 1871 BY The New-York TribuneD
tBY CABLE TO THE TRInuHEl
London. May IL, a. m.-Halfpenny Journal
,sm now has a more congenial American theme
than mercantile competition or a multi-miIlion-
aires shipping raids The incidents of the
ejaculation in Wall Street are entertaining read
ing. and the moral is drawn that the American
gambling spirit courts disaster by sheer excess
Of recklessness. The unwiningness of specula-
tors here TO join in the American game is cited
as convincing proof of English conservatism and
sobriety Of judgment. 1t is true that no fortunes
were made here in the American market. The
speculators were cautious and i'll informed, and
predicted the break in the market long before
II came. Perhaps the best tips" for the Amer
lean market were provided by Mr.. LabCucheres
Truth" and those who needed them profited by
the rise in certain securities but inv&-iaby sold
ont prernaturely Stories are told of some 4 rtu-
nate drives made in American and Canadian
Pacific stocks, but the majority Of the specu-
lators here stayed out. and when the activity OF
the American market was suspended wagged
their heads and said that they had foreseen the
inevitable collapse. These croakers were sur
prised by the dispatches received yesterday ind-
eating a greatly improved feeling in the Amer
ican market, and the leader writers were con-
WINGED that they had been premature in playing
10 the English gallery.
The dulness Of the Friday session OF the House
OF Commons, devoted ordinarily to questions OF
supply, was relieved by an oldtime Irish debate
over the seizure Of a Dublin newspaper for
sedtious libel 1t was George wyndham's first
decisive skirmish with the Irish party, and he
and Mr. Redmond, who denounced the reversion
Of the government 10 the machinery which Mr..
Forster kept in motion for a long period, Mr..
Wyndham rivals Mr. Balfour in the courtesies OF
debate. but he has strength and frmness also.
and displayed these qualities in justifying the
seizure OF The Irish People" for seditious arti-
cles upon the King. Mr. Balfour supported him
with stern denunciation OF the gross and
scandalous attack upon the sovereign The arti-
Gle complained Of was Of the most Objectionable
character. 1t not only referred to Edward VII
as "the King Of the Blasphemous OATH" but also
spoke Of him as "a bald headed old roue.'
To-day's newspapers cannot find words strong
enough 10 condemn the article in The Irish
People" The Nationalist members themselves
and the Liberals who voted with them. do not.
indeed, excuse the language of the obscure Dub
lin weekly newspaper; they maintain that their
action prompted solely by objection 10 the
Executive acting they did, without warrant
The Spectator prints an ably written and
soundly argued article this morning on the ques-
ton Of the Nicaragua Canal. The point that is
insisted is that il would be easy and simple
10 draw up a treaty which would do all that
America asks England 10 do without inJuring
British interests IN the least. THE Spectator
wants the whole subject approached If the
Clayton -BUlwer Treaty did not exist, and at
the same time IT trusts that the British Foreign
Office wll handle the problem with more care
and attention than hitherto, and also with more
shrewdness and common sense
Lord Salisbury has benefited by his holiday.
When he arrived at Charing Cross last evening
il was remarked that his face had regained its
healthy color, which was noticeably lacking
when he went away. and he walked with a firm
and steady step TO his carriage.
Richard Croker has at last met with stroke
OF luck on the English turf, his five-year-old
horse Harrow trained by Wishard and with
Johnny" Reiff up, winning the valuable Stew
ards Handicap at Kempton Park yesterday.
The handicap, which was OF 900 sovereigns,
was deemed a good thing for Harrow. as al
though he sadly disappointed his connections in
the Lincolnshire Handicap. he made a very
creditable display at the recent Sandown meet
ing. being then only beaten by head. 1t is
understood that the horse ran heavily backed
yesterday.
The Booksellers Dinner at the Hotel Cecil last
night was more remarkable for what was i'm
piled by the closer association Of two great in
terests in the book trade than for anything that
was said The booksellers have ordinarily in
vited the publishers and authors 10 their annual
feast. Last night Il was joint dinner of the
Publishers and Booksellers associations with
Frederick Macmillan in the chair and a repre-
sentative Of the allied trade in the second place
OF honor. The two associations are striving 10
enforce the rule respecting net price, in order
10 prevent underselling. Strong men in both
bodies advocate a reduction Of prices by the
publishers. and the blacklisting Of booksellers
who take unfair advantage of their rivals and
cut under catalogue figures. Both trades were
well represented at the dinner and good FEELING
prevailed. Several American publishers were
present.
The engineers OF the Baker Street Railway are
confident that their underground iine when COM
peted. viii be free from vibrations. which Lord
Rayleigh attributes 10 the weight OF the loco
motives and the rigidity of the rails. ]. ~ f.