New-York tribune., 1896-10-18
TOPICS IN CALIFORNIA.
THE RISE IN WHEAT-ALASKAN RE-
TURNS-GENERAL AND PER
SONAL NOTES.
[BY TELEGRAPH TO THE rRIBUSE.1

tBY TELEGRAPH TO THE rRIBUSE.1
San Francisco Oct. 1.-THE excitement In the
wheat market this week has had marked in
fuence on general business. for wheat Is one
OF the great articles of export OF the State.
When the week opened December wheat was
quoted at 81 25K a GENITAL, and May wheat at
81 27Ih Genital. The week has seen ad-
vance of % cents per GENITAL on December and OF
II cents on May. This enormous increment,
which represents a fortune to large holders OF
grain is due mainly to the urgent needs Of East
India ard Australia and TO the large demands
Of ths United Kingdom. Contracts that are
known will absorb nearly all the available sup
ply Of the State, and the demand from india
and Australia, II is said on good authority. VIII
exceed the estimates made. one cargo has al
ready cleared from this port for Calcutta, ana
two vessels are held here under option for the
same port. One Of these vessels, II Is thought
will be dispatched next week. The advance IN
wheat has given material for much speculation,
but all experts recognize that the rise IN values
is genuine and Is due 20 unexpected conditions.
Whatever the cause one good effect >of this ad-
vance in wheat and barley is seen in an IN
creased demand for grain lands and an appre-
ciable advance In the price OF such property
When California wheat costs 81 q GENITAL to pro-
duce, the low prices that ruled all this year
meant loss to the farmers and no encourage
ment to extend the area of grain-growing. II
IS estimated that every advance OF I'D cents
IN the price OF grain means an Increase OF 80
an acre in the price OF land. Local savings
banks are also profitinS by the rise In wheat
for many have loans on grain and grain land
In fact all business has been helped by the
demand for wheat from India and Australia and
af,,.v tro. will he
into another crop year.
practical object lesson in protection IS fur
nshed BY The experience OF the jute mill in San
/ Quentin Prison. When the old tariff Of Ia
cents on each grain bag was In force the
prlson-made bags were sold for 42-lO cents
each which allowed 2-10 cents above the cost
OF the tute The Wilson Tariff bill cut off this
duty, and Immediately the market was flooded
with Calcutta jute bags, which were sold for less
than bags could be made here. even with convict
labor AL outside jute mills were shut down,
and the prison mill was forced to manufacture
sugar bags. but the output scarcely pays en-
penses Superintendent John Rutherford who
came here from the Planet Mills in Brooklyn,
has given these facts reply to the criticisms
OF the Democratic Governor, Budd. Budd
! thinks the mill is badly damaged, but Ruther-
! ford shows plainly It is Democratic free trade
/ that has caused all the trouble.
A number OF Alaskan miners have arrived this
week with substantial returns for their work.
They carried thelr sacks OF gold dust 70 tne
mint and the total amounted to Sl4OuOo Inc
/ largest sack brought by Napoleon Huet,
/ the founder Of Juneau who cleaned up S12.OOO
Another lucky miner was Captain q. g. BET
ties who had greater good fortune after ne
struck civilization than before he struck sold.
His three sacks contained SisOOO yet he gave
/ an expressman an order for this gold, as wen
II, all frtrC
looked in the directory he couldn't find the eX-
/ press company but the police finally located
/ his wealth In ar old barn where his effects were
stored
The Yosemite Commissioners have begun TO
! make ARRANGEMENTS for providing shelter for
/ tourists next year The burning OF the only
good hotel in the valley is most unfortunate as
at the present rate Of progress ii Will be three
or four years before the house will be replaced.
There are grave suspicious that the fire was
| incendiary yet no thorough investigation was
| made
The Bank Of California this week reelected for
the nineteenth time William 4. Alvord as presi-
dent The dividends We're 100000 for the year.
and the net earnings Sl9i.+JU.
The ship A. G. Ropes. which sailed this week
| for New-York, carried over 1.0CO,00O pounds of
beans-the largest quantity ever sent on one
. ship from this port. She also carried vaiu-
/ able cargo Of mustard seed. wine 'and Alaska
| canned salmon.
At the Baldwin Theatre Daniel Frohman's
| corlnalA' has continued to draw large houses
all the week In THE Prisoner OF Zenda. when
has rivalled Nine Sans Gene" In popularity.
Next week Julia Marlowe Taber appears.
The old covote-scalp bounty claims will soon
! be investigated. sThese claims accrued under
A vicious Jaw. since repealed, giving - bounty
/ for every coyote scalp presented to the Secre-
tarv os State with the proper affidavit that the
animal was killed in the county from when the
scalp was presented. The law was supposed 10
protect sheep but the heavy claims from certain
/ counties led TO suspicion that all was not right
ana II was found that WOLF scalps were import
! ed from other States and turned IN tor bounty:
II is expected that reveral OF the Offenders VIII
be punished for the fraud.
The Cooperative Fruit Company or New,
Castle Placer County, has failed. with S''.399
Indebtedness and assets OF sGs.2o3. The COM
| narv made ARRANGEMENTS to handle large fruit
crop but frost killed two-thrds OF this, and the
prices obtained for shipments TO the East were
! low In previous years the company made good
profits II is not regarded as possloe that an
other year so disastrous 70 California horu-