The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-20

price of silver in London An important
TACT in connection with the silver crisis,
and one which increases the distrust OF
the recommendations of Lord Hereshells
committee, is that the closing of the India
mlnts TO the free coinage of silver has not
caused the imports Of silver to cease nor
given the expected impetus to the im-
ports of gold. The mints were
closed on june 26. During the
next six weeks the silver shipments
from Europe to India amounted to 5S3. 200
pounds, against 94S 400 pounds during the
corresponding period of 1892. This de-
crease in exports to India was more than
balanced by the increase of silver ship
ments to China and the straits. In the
same six weeks Of 1893 the latter amount
ed to Sl1,500 pounds or 475,0 900 pounds
more than during the corresponding period
OF 1892. The consumption of silver"
says the Stats, "does not and will not
abate. The recent fall was due to the
policy Of the Indian government, and was
not the consequence of cessation of the
demand
INCREASED RATE EXPECTED.
The continuation of gold shipments to
the United States is expected to cause
shortly rise of bank of England's s rate to
i've or even six per cent. Some Canadian,
as well as many United States financial
firms, are seeking to negotiate loans in
lot. The bankers here, however, hesitate
TO let their money go, as they fear the eX-
tension of the present business troubles
in America. Even Boston banks of high
standing, which offer as security bonds of
the state of Massachusetts,, are treated
very cautiously.
INTEREST IN THE YACHTS
The repeated defeats of Royal Phelps
Carroll's NavahOe have not abated the
keen interest felt by yachtsmen in the
coming matches between her and the
Prince of Wales Britannia The friends
Of Mr.. Carroll say that in these matches
she will show qualities which she has
| failed to display in the races with three
or four competitors. In a letter to the
Times a United States naval officer points
out that the Navahoe won each race
sailed by her against a single opponent,
instead of against a feet ut was the
interest of the English yacht racing
against the Navahoe,o he adds, "to pre-
vent in any way possible her winning
Even at this disadvantage, she has been
only few minutes behind the winners
excepting in one race"
NUMBERS DROWNED AT THE sEAsHoRE.
The heat has been intense during last
week. Yesterday the thermometer here
registered 93 degrees in the shade. At
1LCGtl N4NA bDSCINdtOIN lllG ulEAtuIA EOb
up to 93 degrees in the shade and 106 in
the sun. To-day the weather is some
twenty degrees cooler. Many sunstrokes
have been reported during the week
People have been driven to the seashore
in unusual numbers, and consequently
bathing accidents have multiplied be-
yond precedent More than one hundred
! persons have been drowned at seashore
and inland lakes since last Saturday.
! Newspapers say in twenty years England
has not had such another period of mid
| summer suffering. Queen Victoria has
| been affected by the weather as in no
| former year. Although apparently she
! has suffered no decline of her general
| health, her physicians advise that she
| should go to BalmOral for a change Of air
! as soon as possible.
| SENATOR MORTON HOMEwARD BOUND.
! Senator Morgan and his family, the for
mer returning home from the B ering Sea
conference, were among the passengers on
the steamer New York from Southampton
| to-day for New York
| Dispatches from Cairo indicate that the
! khedive has experienced a change of
| policy, if not a change of heart since his
! visit in COnstantinople. He is said to be
! treating the representatives of Russia
and France with noticeable coOlness, and
! to be showing new favor to the English.
| 1t is surmiscd that he resents the failure
of Russia and France to support him and
! his anti-English programme during his
sojourn at the Golden Horn.