The morning call., 1893-06-30

are lar from r0seate money Strlngency
and the gloomy position of silver are pre-
duclng depressing effect on wheat. which
yesterday touched the lowest point for
July rates known on the Chicago market.
Wheat was yeste rday as low as CPS. India,
according to reports, is disturbing in wheat
as well rs silver, there being largely in
creased quantity compared with last year
Large shipments are now moving from
New ork to Europe, and Uncle Sam is
being portrayed holding out his hands for
the bags Of gold which must be RENTED in
payment unless that comes in the shape of
imports. One feature of trade quite un-
usual is the sending of cargoes of hay to
Europe. Fodder is in demand in England,
france and Germany, and at $50 ton the
profit is alluring 10 the exporter. 1t is pos
slble that meat exports may fall off, be-
cause European stock is eing slaughtered
on account of the deficiency of feed. The
American stock exporter will have his OPP
nnrtunlty next year when the herds in
Europe are too depleted to supply the
butchers.
Experiments are being carried out at
Sandy Hook in firing shells filled with
niro-gelatine. This is one of the best ex-
plosives yet discovered for such work. 1t
Is about three and a half times the strength
of gunpowder; is quite plastic like soft
soap, but altogether nsoluble in water :;
does not exude nitro-glycerine under con-
siderable heat, and may be stored in water
until wanted. Its composition is n special
ntrated cotton and nitro-glycerine. 1t
contains more of the latter than the strong
est dynamite, and is therefore a more
powerful explosive and much safer to
handle. The smokeless powder in use in
the British army. cnrdite, is very simple
modification of nitro-glycerine with little
| camphor added. The patent for nitro
gelatine has long expired and any manu-
facturer may produce it. One factory in
the East has embarked in the manufacture,
but on this coast it has not bsen attempted.
a description of the process Iolio~ed at
Ardeer. Scotland, was lately published in
The proceedings of one of the London
chemical societies.
Now that the prospectus of the San
Francisco and San Joaquin Valley Rail-
road has been published, the public have
facts before them which they may digest
at leisure. A succinct financial statement
of the position of the Southern and Central
Pacific shows Californians how easy they
go in harness in providing the where
withal for a mOnstrous capita lization,
amounting. with government debt, to
500, $50 per mile. or, leaving out tie Cen
trail Pacific. S7S.543 per mile. This also
includes the line between Mnjave and the
Needles. The calculation is that the State
is assessed annually at least $4,000 per
mile to pay interest upon this excessively
over-capitaIized property" Reckoning
$50 per capita for transportation charges.
lhe aggregate contribution Of California is
over $50, 000000l 1t is not difficult To see
that road like the Stockton and Bakers
field, operated on other methods, should
yield handsome return on a true capitali-
zation.
Henry n. Stanley cannot brook rival.
He has none, Of course. Africa is his,
trod and untroddeu. f. C. Selous,
mig hty hunter, recently lectured on his
experiences. and Stanley said kind things
in back-handed way about the value OF
the game slaughtered had it been left for
workmen who are to build railroad.
SelGus, who had been in Mashonaland
many years before it was taken up by
company. explained that he had to live
himself, and he got ivory by bringing The
elephants down. AS 10 lions, they are of
no great value either in steaks or sau-
sages. Manv of the specimens slain by
MI. Sel0us are in museums, and doubtless
few are in the national collection at
Washington. Some of the critics point out
that Stanley is in a new role as humanl-
tartan. While Selous has killed many
deer. rhinoceros, elephants and lions. he
IS not known to have potted human beings,
and a considerable graveyard has been
filled by Stanley and his expeditions. The
ret0rt Is courteous.
The Board of Railroad Commissioners
held meeting on Friday last. There was
no business beyond the transcendently
important one of arranging for the pay
ment Of salaries. Once month this irk-
some duty must be performed. 1t IS
understood that ShiyelY's ghost or griev-
ance IS again to appear before the board.
The complainant is still suffering from the
burdens OF trans portation extortion, and
he has no remedy in sight. He drew from
the Commissioners the profound treatise
on railroad management known as
Colonel Morgan's report, the bill for
which is still unliQuidated.
The transcontinental roads still con-
tinue to oblige the public with lower rates.
They also keep he-printers busy in issuing
aew schedules, which are accommodating in
a bulky heap. The Canadian Pacific has Just
ann ounced a considerable reduction, and
there will soon be reciprocal concessions
from the Southern Pacific. The lower rates
from New Y nrk and other Eastern points
are astonishing when contrasted with the
excessive charges which recently pre-
vailed; but they are not at zero yet.
Having put out the fire in the cargo of
sulphur on the Elmbank, Mr.. Thomas
Price has brought suit to recover salvage.
The cargo is now estimated at about a
fourth of the value before The fire, and
Drotracted legal proceedings may make a
big hole in that fourth. Mr.. Price does
not state how much will satisfy him, but
he is entitled TO some reward. Had the
fire gone ahead. the vessel itself would
probably have been destroyed. This ap-
parentiy is a suitable question for the
decision OF an arbitrator, but very often
arbitration proceedings are just as costly
as the regular process of court
Assurances come from Europe that the
dry weather this year is not favorable to
the spread of cholera, and Washington
officials are confident tina; the disease is
little to be dreaded in the United States.
i Will not do to relax vigilance. Cholera
has whole summer before ii, and humid
or rainy weather nav be expected during
portion OF the year. Then the germs
will have the conditions requisite for
propagation.
PEOPLE TALKED ABOUT.