New-York tribune., 1888-03-25
PROCESS IN CALIFORNIA.
CABLE RADS-MINING STOCK-SoN OF A
ROPliET- IRRIGATION.
TO THg TRIBUNE.

,srxLEoRArH TO ras rRrsUSE.
SAN FRA~sC" March 24.--H is expected that
the Powell rect Cable Railroad will be opened
tomorrow km the junction with Marxet-st.
clear across own to North Beach. This will
make the frs crosstown cable line. and will be
sure to have large patronage Another branch
Of this same inc will run out Iackson-st to
Laurel Hill Coetery, and from there o steam
dummy will ae passengers to the Cliff House.
The cable part Of this branch wIll be opened
April and he Cliff House division by July i.
This road. when running promises to rapidly
develop q quarter Of the city beyond the ceme-
terry which has hlherto been inaccessible to the
cars
There has ben good deal Of excitement here
on the Stock Ekchnge over the peculiar action
OF the shares OF unes at the south end OF the
Comstock. The pre- Of Confidence stock fell
from $50 to So without apparent reason, and
other stocks in he neigbborhood followed suit.
Even the dealers are at sea on the market ana
can assign no rasoi for these Violent fuctua-
tions ALI kind of rumors are afoat, one OF
which is that Frnk Newlands, one of the execu-
tors OF the Share estate, is now in the East en-
gagged In seoUrin money to boom the Confidence
Mine, Of which ,e Sharon crowd own nearly all
the stock. Noting has yet been done to weed
out ca stocks finn :hc list The new president,
jeremiah Lynch, has begun work TO improve tho
acoustic propertis OF the Exchange. Echoes
have adled to tn confusion, and the removal OF
these vii do mch to add to the comfort or
brokers Reports from the Comstock show thai
the Marc production of ore will surpass any
monthlJ Jeld for ten years. The total amount
of shipmets will probably reach s75o,oOo, OF
which Conolidated California and Virginia sup
plies 100000
Horace Dvis, tln new president Of the State
University, Ns installed in his position yesterday.
The occasion was also made memorable by the
celebration the twentieth anniversary OF the
establishments the university. The Governor
and many profnent men present. The new
president dwell ia his address on the Importance
given to scien6c training in the college.
Joseph Smitl son of the founder and prophet
Of Mormonism, ecently arrived in Oakland and
settled bv alged divine revelation the quarrel
over the eldersh of the Oakland Church OF Lat
ter Day Saints. Smith decided against the pre-
siding elders cal and the new elder Was elected.
The revelation foowed closely in form and phra-
seology those of T. original prophet and was re-
ceived with unquttoning faith by the Oakland
Saints.
Neustedt, one Of hegang Of haf-interest swind-
lers. pleaded guilty in week in the middle OF hls
trial to conspiracy to rob an Oregon farmer of
$4,000. II is tIoughtthat he can be convicted,
also OF perjury, which VII insure him good term
in San Quentin.
Several years ago bme for convicts was es,
tablished here mainly through the efforts OF
Charles Montgomery, a. local hotel. keeper and
temperance advocate. / one year 1t reclaimed
and found employment 206 out of 2l5 ex-
cause the prison atthorit, instead of buying the
discharged men ha'f-rate ickets to their former
homes or places they wisld to go to- give them
money. With this coin thy drift to San Fran
cisco and after debaoch ley are usually found
at their old tricks
Nearly year ago the Lie Trustees advertised
for des gns for statuary to b placed IN the front
Of the City Hail. The desiGs were all in last
October but no decision has ,een rendered, and
the trustees declare that it my be a year before
they settle on design.
The statue Of Francis Scott -ev was finished
two months ago, yet it Will not dedicated until
July 4.
Another big irigator reservoir now building
near Mercer which will cover aout quarter
section of land and will irrigateten or twelve
sections.
Steven Rogers one of the larges land owners
in Stanislaus County, died this wee at Modesto.
He owned G, ,00O acres of the fines, wheat land
in the San joaquin Valley and larg amount of
other property. He was a native Saratoga,
N. Y.
The outlook for vineyards this years. good as
there has been abundant ram and the col weather
has checked the premature budding vines.