New-York tribune., 1902-08-26
IRON PRICES RISE ABROAD.
EFFECT SEEN OF THE DEMAND FROM
THE UNITED STATES
THE PRESIDENTS UTTERANCES APPROVED
POLITICAL CONDITION IN CAPE
COLONY-MUSIC AND DRAMA

Especial to The Nev-York Tribune by Cable)
Copyright; 1902: BY The Tribune Association.'
London, Aug. 26. l a n.-The increased de-
mand for British iron from Chicago New-York
a.d Philadelphia has sent up prices here re-
port that orders have been received for eighty
thousand tons has not confirmed with
authority but the American demand for manu-
faotured iron and steel has sufHced to st1neh
prices and compensate for a declining trade
from India and Australia and the stagnant con
dition of South Africa When the American
steel combination was formed there was a gen
eral conviction among British ronmasters tha'
there must be defensive movement among the
manufacturers here and in Germany and Bel
gium. Exports of and steel from these
countries have been increasing steadily since
December, and the effect of the American trust
is not dreaded as it was last year. Ihe BRUSH
market has not been converted into dumping
ground for American iron and steel, and prices
have risen with the Increased demand for eN-
port to the United States
The comments of the English press on Presl-
dent Roosevelt's utterances on the trust problem
colored by the anomalies of recent expert
ence. Foreign competition would be more serl-
Gus without combinations than it is with them.
That is the teaching of recent trade with Ger
many, where exports to England are now regu-
lated by cartels and syndicates. and where
!
when times were hard. The same moral Is also
drawn from the statistics of the United States
trade in iron and steel with the United King
dom. The first effect of the enormous manu-
featuring combinations of the United states
has not been detrimental to industrial interests
here, except that the working people and con
sun1ers have suffered In some instances, from
increased prices of food supplies The Presl-
dents utterances on trusts are pronounced both
liSh
since combinations serve some useful and leglIl-
mate purposes yet require in extreme instances
rigorous controi by the national government
English journals frankly admit that there are
no resources of English law for regulating
trusts here but fall back upon the familiar
generalization that nations with high tarlris
are exposed greater risks from abuses OF IN
dustriaI combination than nations with 10"
tariffs
A silly rurnor was revived here yesterday TO
the effect that the American Government was
anxious TO British soldiers VINO hau
fought in South Africa for service in the Philip
pines 1t was stated that about dozen KHAKI
| clad warriors were being turned away every
day from the American Embassy, and IL was
| further implied that Colonel Thorneycroft. who
was in command on the summit OF Spion hop
| when Sir Charles Warren ordered the position TO
| be abandoned was organizing regiment wnich
was TO fight under the American flag Almost
every particular of this story has been haus
| contradicted by c. w. Wadswcrth Third Sec
retary Of the United States Embassy Ii ap-
pears that bout fortnight ago British oHl-
| Ger who had held subordinate Yeomanry COM
| mand in South Africa called at the embassy
| and volunteered the services of himself ana
| q bout two hundred other veterans of the Bcer
| war. The officers identity has not been dls-
closed but he certainly not Thorneycrott
| Mr. Wadsworth politely informed MIN 'hat
| America did not require British aid In the
| Philippines. The fire eating soldier took his de-
! parture keenly sapponted. and there the in
| cident ended
The anomalous political conditions IN cape
Colony causing uneasiness among the gov
| ernnent journals here. Sir Gordon Sprigg, with
| Mr. Chamberlain behind him. is completely at
| the mercy of the Bond. and the Royalists are
| dependent upon the magnanimity OF the butch
| for indemnity legislation. Suspicion is aroused
| that the Bond will exact high compensation
| for its political support. and that Sir Gordon
! Sprigg will be forced TO make embarrassing con-
cessions respecting the investigation of the ap-
| plication and methods of martial law. The re
| ,-ival of the mining industry the Rand is
| retarded by the unsettled political conditions in
Cape Colony.
| Important consequences seem likely to follow
| from the visit to Holland of Generals Botha,
| DeIarev and De Wet. It IS said that Mr.
| Kriieer ia about to abafdon his pretensions as
| head of the Boer people, and that the hrst
| named of the military chiefs will be recognized
! as leader of the Dutch party in the TransVaal
| and Orange River colonies.
| The announcement that parcels post service
| is at length to be started between the United
| Kingdom and America gives the greatest saus-
! faction.
| "-rba Times understands that Colonel Yorke
| .a,ior inspecting officer of railways in TINS
| country has been commissioned by the Board
| of Trade to procee to America next month. in
| order m report to the board on the working of
American railways
| The season of English opera at Covent Car
| don was opened last night with Carmen,
| Richard Eckhold being the conductor or the
| orchestra Music lovers were attracted by
-aduction In prices to the ordinary theatre scale
| rbare WAS an American feature at the
! Princess Thea ire, where Bert Coote presented
| .orba Fatal Wedding before large audience
| bicb WAS interested in the novelties of stage
| MANAGEMENT, various electrical e1ects oelhe
| nroduced with marked success. l. N r.
| THE SHAH RETURNS TO PARIS.
| CONVEYED ACROSS THE CHANNEL IN A