New-York tribune., 1903-03-13
THE FALL IN CONSoLS.
NAY. GO STILL LOWER,
Mr.. Brodrick Still Under Fire
Notes and Nescs of London.


Special to The N.~-xort Tribune BY French cssi'a
cconyrt9ht; 1893: BY The Tribune ASoOciAton9
London, March Is. a. ma slight hardening
Of the market for British funds has not broken
the force OF the great fall IN consols The tight
ness Of the American market does not adequate
iy explain the financial situation. The MAN
causes OF the depreciation in the value OF Eng
lands premier security are the reduction Oh IN
terest next month to 2h per cent, under Mr..
Goschen's arrangement and the forthconllne
issue OF the Transvaal loan. with interest at
per cent. That loan being more remunerauVe
and equally safe with the guarantee Of the
British Government will compete strongly with
ccnsols 1t Is the common opinion Of the Street
that ccnsols will go still lower when the war
contributions Of the Trsnsvaal and Cape Colony
are financed by loans raised in the London mar
ket.
The Cars manifesto is welcomed as the dawn
Of a new era for the Russian people. The ST.
Petersburg correspondent of THE Telegraph
saws that never since the enfranchisement OF the
serfs in February, 1851. has such joyful ex-
cjtement prevailed throughout the length and
breadth of Russia. The manifesto Is the theme
Of conversation in cafes restaurants, theatres
concerts and private houses. Utter strangers
stand at the street corners and on the pubic
squares and discuss the perspective 1t is believed
N omen I'D for the future of the people and en-
T,fre and numbers of peasants, whose wants
have been specially considered, are giving vent
TO their rejoicinSs in extra glasses OF govern
mental brandy. AS i'll February, 1861. many In
terpretations put upon the present manifesto are
hasty one sided and erroneous, and months must
necessarily elapse before the real practical sig
nifcance Of the shadowy outlines drawn by the
1kase can be viewed in their correct perspective
Reform projects have been in the air for con-
sidera BILE time past; indeed ever since special
commissions were appointed by the ministry to
investigate the grievances of the peasants,
mobiles and others throughout the country, al
though grave fears were entertained that at the
last moment something might occur to dash
these hopes It was also known that the Finance
Minister was strongly in favor Of realizing at
once such reforms as the people were ripe for,
while the Minister of the Interior had shown
himself an undisguised friend of reaction. The
manifesto is a general expression Of kindly in
tention rather than q programme of definite
reforms.
Sir Thomas Shaughnessy, president Of the
Canadian Pacific Railway. arrived on board the
Celtic at Queenstown yesterday He says he Is
visiting England to attend to several matters OF
business and trusts to see the ocean mail con-
tract settled before he returns TO Canada.
The Treasury experts are greatly disappointed
hV he
deficit when Mr.. Ritchie makes his Budget
speech There are shortages in excise the In
come tax and the customs. and it now seems i'm
probable that Sir Michael Hicks -Beach's- esti-
mates will hold good. Delay in the payment OF
taxes is one OF the signs Of the exhaustion OF
the country under the pressure Of financial bur-
dens.
The Young Tories continued their harassing
warfare yesterday, and Mr.. Brodrick was again
exposed 10 a crose-hre on the question or rag
Eing" The neglect Of the authorities to keep
Whitaker Wright under surveillance While tney
we're deciding TO prosecute him FOR the LONDON
snd Globe transactions was also subject OF
sharp criticism. They forgot in his case, as in
Lady Granville Gordons. that in vain is the net
spread in the sight Of any bird.
To all intents and purposes, the American de-
nand for British coal is now over. At any rate.
the inquiry has fallen fat. and such shipments
as are row going forward are mainly the fulfil
n,ent Of old orders.
To-night's court at Buckingham Palace Will
be exceptionally brilliant, with full muster OF
the diplomatic corps. The royal procession to
the throne room will be followed by the recep-
ton Of the diplomatic corps. conducted by the
Marquis and Marchoness Of Lansdowne. The
American Embassy will have a full dozen in at
tendance including five women There will be
eighteen Americans In the diplomatic circle and
entree Consul General Evanss wife and daugh-
tiers will be presented by Lady Jeune's daughter.
Mrs. Brodrick will be one OF the handsomest
brides presented
Sir Charles Wyndhams new theatre was
opened last night with enthusiasm. Suzanne
Strong singing the national anthem, end Charles
Wyndharn Mary Moore and a strong company
re-enacting Rosemary and the proceeds Of
the first performance in the most beautiful and
comfortable theatre In London being devoted
20 charity Yet before the curtain had been
rung UP Mary Moore had limited that another
and even better theatre had been projected,
and that suitable site had been found for what
would be model playhouse. L n. F.