How does King reply to the notion that African Americans should “wait” for social justice?

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Explanation: He explains how when an African American hears "wait," it almost always means "never.":

onto a large boat, and mark the water level that the boat sinks to. then, take the elephant out and put a bunch of marked weights onto the boat until it reaches the same water level. add up the masses of the weights to get the weight of the elephant.

well stockyards mean a large yard containing pens and sheds, typically adjacent to a slaughterhouse, in which livestock is kept and sorted. and i'm assuming that by party you   mean a large group of people which does make sense because chicago is a very crowded place much like new york. stockyards tend to take up a lot of room due to needing the area for pens to keep animals in and the fact that stockyards are usually right by slaughterhouse where they process and distribute the product. so its much like a zoo but with some dead animal products close by.