The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1891-05-09
SAN FRANCISCO LETTER.
BULLETIN SPECIAL CORRESPONDENCE.
SAN FRANCISCO, May |.

BULLETIN SPECIAL CORRESPONDENCE.
SAN FRANCISCO, May l.
The boom in the wheat market,
noted IN my last letter from San
Francisco, burst on the 22d, after
prices touched $50 per GENITAL,
owing to reports of lower prices at
Mark Lane. Wheat is still high,
however, the latest nominal quota
ton for shipping being $40 per
GENITAL, and well-informed dealers
calculate upon about the same range
throughout the next season, although
it is admitted there is a great deal
more wheat in reserve than has been
accounted for in the reports of vis-
bic supply.
Fortunately the threatened strike
of the associated trades, alluded to
on the Sd instant, did nottake place,
and the lookup in the boot and shoe
trade has been settled. The strike
and lock out in the iron trade con-
unues to the great damage of San
Francisco. One cannot very well es-
innate the injury this strike has in
ficted upon the industries of this
city, but it is very considerable on
the mere money side of the question,
while the loss of manufacturing pres
tige is very damaging. Capital and
labor must find some other way of
settling their disputes than by open
war if waste and direct loss are to be
avoided. 1t is to be hoped that Ho-
nolulu will long be spared the iuhic-
ton of "strlkes" and 'labor
troubles" If, however, any con-
fict of interests should arise the
points In dispute should be unre-
servedly submitted to arbitration.
The visit of President Harrison
and his family has been the great event
of the past week. Postmaster-Gen-
eral Wannamaker and Secretary of
Agriculture Rusk were the Only
members of the Cabinet who accom-
panied the President. The former
has been active in departmental
work and inspecting the proposed
sites for the general Postollice. Mr..
Wannamaker is a shrewd business
man and is not likely to be infu-
enced by real estate vendors as has
been charged against the Postoflice
Site Commission.
The city aud shipping in the har-
Dor were brilliantly Illuminated on
the night of the Presidents arrival.
The scene from the deck Of the ferry
steamer Piedmont, on which the
presidential party crossed the bay,
was very fine, nearly every craft,
whether in the stream or at the
wharves, being brightly lighted up by
Chinese lanterns. The U. s. S.
Charleston came down from Mare
Island to participate in the reception,
and used its search light with much
effect. Since then there has been
continual round of receptions and
festivities. On the 2Sth ult, the
President and party assisted at the
launching of the armored Coast de-
Tense ship Monterey, the act being
performed by Mrs. Harrison with the
aid of electricity. Fully twenty
thousand people witnessed this event,
which took place in the afternoon,
The forenoon beng devoted to a tour
Of inspection of the harbor defenses
IN the steamer City of Puebla. The
contract for the Monterey was signed
June IA, 1889; the first rivet was
driven January 10, 1890, and the
ship was launched, as above stated,
April %, 1891. This is a very
credtable exhibit for the Union Iron
Works, and shows that as good work,
in naval architecture, can he done at
San Francisco as in Eastern ship and
navy yards. The Monterey has a
displacement Of 1000 tons. Her
length overall is 36l feet; breadth
80 toet mean draft, II feet in
ches; armor belt amidships, l3
inches thick speed lG knots. She
will be heavily armed, aud when in
commission will be one Of the most
formidable ships aAoal The wave
caused by the impact Of the Mon
lcrey with She water sNamped several
small boats, but 10 one was drowned,
The war news from Chile is con-
dieting aud generally unreliable.
According 10 late adfices the in
sursrnls, that is the Congressional
pHuy have been uniformly SUCCESS
ful ou laud, but the nslrgeul navy
would appear lohe iHa bad caso The
blowing up NJ lhe l'llcUmuY0 hy % iuf-
pelU dr0uaIpf1 from steam Tug
vac reported 900 liin al Ap0li ID 10
Hos stalled that during lhe battle ~