New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-25
TOPICS IN LONDON.
STOCK BROKERS BEWILDERED OVER
QUOTATIONS FROM AMERICA.
THE SHIPPING COMBINATIONS - BDUCA-
TON BILL sUGGEsTIoNs-THE
BOER FUND.
Especial 70 The Neu-YorE Tribune by French Cable)
Y Tribune Associatonl

Copyright: 1902: Tribune Association
London. Sept. %. ! a. m.-American stocks
were weak and unsupported yesterday, declin-
ing in consequence Of the conditions OF none
tary uncertainty at New-York and Chicago
There were signs of bewilderment rather than
nervousness among the operators. who were in
tently watching the quotations at noon without
being able to explain what going Re
ports that the Morgan shipping combination
had been arranged in detail were regarded as
reassuring owing TO the magnitude Of the oper
ations carried out by the American and British
capitalists.
The completion of the Atlantic shipping trust
is followed quickly by the revival OF rumors
that counter combination will be formed be-
tween the Cunard and the various lines inter-
ested in Canadian commerce. This has been
favorite theory in Liverpool. but there has been
no confirmation from any Canadian source.
The bulk of the subsidies required for fast
Canadian service will from Ottawa. but
no portion will be available for Cunarders run
ming to American ports. The Cunard Line will
receive without doubt. a largely increased mail
subsidy # it agrees 10 build ships which
compete with the fastest German liners. The
Cunard and Canadian services are not likely to
be combined for any purpose, but each will be
sustained by liberal aid from the government
when the plans fully worked out during the
winter
Canon Scott Holland. one Of the most iniuen-
tiaI High Churchmen. has snatched eagerly at
the chance of compromising the Education bill
by a form of conscience clause He is will
ing accept Sir William WaIrond's suggestion
that the Church Of England clergy shall be
| licensed TO teach their catechism In the board
| schools and the Nonconformist ministers theirs
| in the voluntary schools Logically it would
Catholic priests or to Unitarians an equal right
| to carry on religious instruction in either class
| of schools supported by rate payers money
The appeal the Boer generals for aid IN
mitigating the sufferings Of the homeless bur
ghers excites unsympathetic comments here II
is intiinatei by several writer's that the British
grant should be supplemented by the remainder
OF the Transvaal funds which Mr.. KRUGER and
!, DR.. Leyds have controlled, and that English
charity should be reserved exclusively for the
Ioyalists in South Africa
1t is not expected here that Henry Phipps. Of
Pittsburg, who has given 100000 to the Boer
generals fund. will have many imitators
Since the arrest Of Laurence Greis the book
keeper in the London office of the Carnegie
Steel Company, investigation of the books Of
the company has revealed very grave state of
affairs. Already forgeries to the extent of f35-
900 are alleged The real magnitude of the case
it is impossible at present to state
Londoner named John Wills has patented a |
novel engine for marine propulsion, which he !
asserts will reduee the crossing of the Atlantic |
to a three days Journey.
English comment on the illness of President |
Roosevelt is neatly summed up in the following |
extract from editorial note in The ST |
Jarnes's Gazette:
If anything in the slightest degree serious |
were to occur to the health of President Roose-
velt the news would be received with tba nj
most concern in this country and the Apoeri |
can people would have warmest svmnathy
in the anxiety which such incident would |
cause them Happily, the very slight operation |
was Of no real consequence and when we re
member what our King went through so snlan
ddly a few months ago can afford to thini,
lightly of the Presidents operation
Austen Chamberlain has asked Signor p,so,
ELI, inventor Of the electric post to coma 70
London and explain his system for the benae.
OF the British postal authorities TNU