New-York tribune., 1903-03-27
THE DROP IN CONSoLS.
TOO MANY .BIG LOANS.
Test Of Mr., Harmsseorths Political
Poper-Ners of London.

tcahSriEht: 1865 b. Ths Tribute AssociAtionl
London March q, q. m.-Consols again
sHgse6 yesterday in consequence OF the renec-
tons al investors upon the tendencies OF tne
Irish Land bill. Mr.. wyndham's proposed creolS
operations WIN bring into the market during the
next hstsen -yeASs a new loan of E1O0.OO00OO
secured by Irish soil and Treasury contri-
buttons TO the island This Irish land STOCK
will be as sound as consols and VIII ara"
better rate of interest. II consols nave
dropped to 80 when a f95. 100000 Trapsvaai toSn
is in sight with f1SO00O00 of a LONDON Coun-
~ Council loan in prospect, Sthen c0n1@Iu IuouS
Issues of Irish land stock for long perloo III
duce Increased depression among the Nhoioe'F
of consols Reports OF the return OF large
biockx NJ conkoIs from the United states are
discredited Ia: the Street The unpopularity 0r
those onA giIt-edged securities is Adequately
expIafned S5vhen investors obtain ~ per cent
by depositIng the money in ordinary banks anu
always be certain Of regaining the 1uil 1aee
value OF their capitai when they want IT, HI
vestors In coasois have witnessed decline rum
113 to 90 within five years, and can only e&peCt
2L per cent interest after the nrst OIL "e1
month. ~
It Is expected that Mr., wyndham's bill viii
be circulated to-day in which case opinions WIN
be more pronounced among the experts by the
hestnuinz OF next week. The Irish Onionis'
members SyiIf meet on Thursday to EXAMINE
the provisions. During yesterday MI Reo'noiiN
received cheering messages from Nationahs' OF
RsuizatIons in the United States ana Cahdo0-
The first ran:
CONCENTRATIONS of all America Best oaS g.
u-ork done for ireland in this generation eii
tLn,s.nS dollars mon, going tomorrow. Hold
up your heads! God save lrelano!
This 3oyousress is not, so far. rehecteo IN lne
ranks Of the minsteri2Iist members, VINO IooN
forward to a long row 10 be hoed, with many
obstacles IN the way II the bill is TO become a
law this session. Indeed, the voices OF 'He
pessinists though still few and feeoie' "eie
slightly more and a little louder than on
Wednesday. The Nationalist hope for an e1-
tension Of the benefits, though. pending the
national convention to meet in Dublin during the
Easter recess. they carefully refrain from ex-
pressing any detailed views
The result OF the Chertsey vote. polled yes'er
dav will be announced to-day. 1t Will lnolcauT
whether The Daily Mall has sufficient innu-
ence to defeat Liberal candidate after heip-
ing powerfully to elect Liberals IN Wooi"lc"
and Rye. Mr Harmsworth has thrown 'he III
auence of The MaiT' strongly against MT
Longman as a p-o-I3oer and Campoeh-Banner-
nan Radical and has been reinforced by X. W.
perks Lord Rosebery's Nonconformist hench-
man II Mr. Longman be defeated when other
constituencies have shown signs OF lrresiSuoie
popular reaction against spendthrift govern
wont n will be q more serviceable triumph for
Mr. Harmsworth than for Lord Rosenery
Mr. Redrond's confession that he did not
know anything about Mr.. Finucane, proposed
Irish Estates Commissioner. is easily explained
Mr. Finucane was connected with the lnolan
Civil Service for thirty years. While he has
been absent from Ireland for long perloo. ne
has been recommended by the permanent Ohoer
Secretary as an impartial and industrious onl-
cfsI capa bic of taking broad view OF the SUD-
feet and getting through an immense amount
Of detail with great rapidity.
Sir Clements Markham. president OF the Royal
Geographical Society, speaks enthusiastically OF
the work Of the Antarctic exploration ship DIS
covery He thinks when the full details are
received from Captain Scott most wonderful and
interesting results will be revealed Captain
Scott has already penetrated q hundred miles
further south than any previous explorer, and
discovered extensive mountains in region hith-
erto absolutely unknown. Sir Clements Mark
ham considers this by far the most important
seoeraphical result so far achieved in the
Antarctic. He believes It indicates that lana
stretches to the pole in q series of very lofty
mountains
Since Mrs Chamherlain's return from South
Africa IT is understood that she has been ap-
proa ched by many publishers in the hope that
she might consent to write the story OF her
travels and impressions. In every case she has
EXPRESSED regret that she cannot entertain the
prepoeal. Z -. =. 1. n. F.