New-York tribune., 1902-01-15
THE BRITISH STEEL TRUST.
FURTHER PLANS OF THE PROPOSED
COMBINATION.
GREATER STRENGTH IN KAFFIR STOCKS
whitaker wRIGHTs CASE-THE
ABERCORN WEDDING.


whitaker wRIGHTs CAsE-THE
ABERCORN WEDDING.
Ccopy1ieht, 1902: BY The Tribune Association)
IBT CABLE TO THE TRIBUNEl
London, Jan. 15 l a. m.-The negotiations re-
snecting the purchase of a consolidation of the
largest iron and steel works in England are still
in progress. John R. Bartlett, who is organiz-
ing the combination, declines to give any par
ticulars regarding what is going on. even TO
discuss the subject at all while negotiations are
pending He considers that premature an
nouncements are mischievous and unfair to all
interests involved.
It is evident. however. that he expects to
carry out the plan of consolidation which he has
laid before the principal manufacturers. 1t VIII
require time and labor, as the undertaking IS
an immense one and cannot be pushed 100
raridly.
There has been no opposition TO his plan
among well informed, broad minded manuIact-
urers, and the small fry will be lucky II IL gelS
in on any terms. The desire for combination is
general and the necessity for the consolidation
Of competing interests IS recognized by the lead
ers Of the industry This combination, when
formed. will include all the greatest iron ana
steel concerns in the United Kingdom
A series of minor amalgamations must pre-
when the United States Steel Corporation was
organized Time will be required for working
ont these details. Mr. Bartlett, far from being
discouraged, is greatly encouraged, and clearly
expects 10 carry out his plan in the course OF
this year.
There is no connection between the United
States Steel Corporation and the proposed Eng
lish combination.
The British Government has at last decided to
come to the aid Of the West Indies. It is stated
by THE Daily Mali that British representatives,
at the forthcoming meeting Of the Brussels con-
ference will announce that. if sugar bountie-
are not withdrawn, England is prepared TO i'm
pose a countervailing duty.
Speaking at Hanley last night. Mr.. Asquith
declared that the United Liberal party could be
constituted only the policy propounded by
Lord Rosebery at Chesterfield Mr.. Asquth's
spade work is approved of by the Liberal news
papers, which note with satisfaction that he is
in favor of reconciliation of the two races in
South Africa
The Morning Post" points out that the pro-
jected journey of Prince Henry Of Prussia is
the first diplomatic recognition by Continental
court of the equality between American Presi-
dents and European sovereigns.
The activity in South African stocks remains
a feature on the Exchange. Americans were
dull. South African operators deny that it is
speculative bubble artifciaIIy blown.
The war news continues favorable to the Brit
ish side but this is not the real explanation Of
the activity of Kaff1rs. Work in the mines has
been resumed large scale, and the crushing
mills are again in motion. This information
does not come from the Street. but from letters
from superintendents of mines. who are direct
ing large gangs Of workmen.
Whitaker Wright caused a futter among
newspaper offices yesterday by modifying his
previous contradiction that financial writers
were admitted the ground floor" Of the Lon
don and Globe Company He asserted that, un-
less these writers were personally interested,
they would not take any notice Of the transac-
tions Of the companies. and that the London
and Globe had followed the universal custom
in allowing to them calls on shares by which
they could make profits out of the market. The
oross-examination of Mr.. Wright conducted by
Rufus Isaacs will be of keen interest to Fleet
Street, as the names of a considerable number
Of financial writers have been mentioned as
clients Of the London and Globe group.
The only new art show is exhibition of
forty water color drawings by Walter Tyndale
at the Dowdeswell Gallery. These are sympa-
thetic sketches, delicate in color. Rothenburg-
on-the-Tauber, a quaint, picturesque, Bavarian
town. outside of the ordinary tourist itineraries,
and its medieval aspects, buildings and street
scores, are well brought out in half lights
The Abercorn wedding at st. Marks, attracted
several members of the Ministry and a great
swarm OF titled and smart people. There were
seven bridesmaids and two train bearers, this
being the approved form Of London fashiona-
be wedding. The bride. Lady Gladys Hamil-
ton, a gown covered with Irish lace, and
the bridesmaids arrayed in white and gold,
carried sheaves of Madonna lilies. Their green
elSrnel and pearl shamrock brooches were pres
ents from the bridegroom, Lord wicklow, and
with the Archbishop OF Armagh in the chancel.
II was an Irish wedding. The Duke Of Abercorn's
daughter was remembered in presents by roy
atty the Irish Viceroy, dukes and peers, with
out end, the Rothschilds. Cecil Rhodes and
South African milionaires.
rhe body Of Richard Dobell, of Quebec, was
buried at Folkestone Cemetery yesterday.
l. N. F.