New-York tribune., 1902-02-24
DEPRESSION IN SHIPPING.
GREAT BRITAIN'S MOST IMPORTANT IN.
DUSTRY SUFFERING.
IRISH AND LIBERALS MAY WORK TOGETHER
AGAIN-A WAR INQUIRY.
Copyright: 1902; BY The Tribune Associatiou)
lBY CABLE TO TEE rRIRuNE1

lBY CABLE TO TEE TRIBUNEl
London, Feb. "a l a. m-The depression in
the British shipping trade continues and
freights, which commenced TO fall more than A.
year ago, now so low as to be almost If NOT
| quite Improbable. Prices for building new
steamers have fallen considerably, and in many
instances are fully 20 per cent under the highest
figures obtained in 1900 Second hand vessels
have deprecated to an even more marked ex-
tent. and the supply both Of new and second
hand steamers is much in excess Of the demand
A great number of old liners and merchant
steamers have been sold to British and CONT
mental buyers to be broken up. and many thou
sands of tons will probably be disposed Of before
long for the same purpose.
Political clubs are still discussing the situa-
ton created by the definite separation u Rose
berry from Sir Henry Campbell Bannerman
Many people think that one of its results will
he change in the attitude Of the Nationalist
party toward the Liberals. who have declined
70 follow Lord Roseberys lead For the last
couple Of years the Irish members have been
almost as much opposed TO the English opposi-
ton as TO the Government. but Mr. Redmond
may now display more cordiality 10 Sir Henry
Campbell Bannerman and his party for their
adherence TO Mr. Gladstones Home Rule pana-
cea for Irish ills.
The Cleveland iron trade has been stimulated
by orders from America Actual sales of pig
iron for expectation across the Atlantic are.
however, so far comparatively small, amounting
as they do 10 nine thousand tons for Philadel-
phia and one thousand tons for Montreal
Lord Tweedmouth will this evening in the
House of Lords propose that Joint committee
of the two Houses of Parliament be forthwith
appointed 10 inquire into all contracts and pur-
chases made by the War Office for the outfit.
supply and maintenance Of the troops in South
Africa The Government may oppose this
ton. but public feeling over the renount scandal
is strong that what Lord Chancellor Halsbury
would call sort of inquiry" may be granted.
Constantinople telegram reports that Miss
Stone with Mrs. Tslka and child. were released
at Strumnitza yesterday morning.
THE Standard" considers that the visit Of
Prince Henry to America is something more
than an act of ceremonial politeness. It is a
distinct indication of the Emperor's wish to
prove to all the world that he desires enjoy
the goodwill of America. William II has. in
fact" adds THE Standard" made an advance
which. perhaps. has immediate political pur-
pose but has none the less an international
character
Miss Stone is expected to arrive at salonica
to-day. News of the happy termination TO her
misfortunes is received here with feeling Of In
tense relief 1t is however. regarded as dis
quieting fact that the release OF the prisoners
has been secured only by conceding the exorbi-
tant demands Of the brigands.
At the annual dinner of the Gallery First
Nighters' Club last evening the president repu-
dated the suggestion that. the disturbance IN
the Adelphi gallery the first night of "Ari-
zona" caused by any OF the members OF
the club. Theodore Roberts who has made
such a hit IN Arizona" was of the chief
guests of the evening. and Forbes Robertson
welcomed him in graceful language brother
in art. I. n. T.