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MAYSVIIXE, KY., SATURDAY, JULY 29, 1803.
REYIE1 OF 1RM.
R. G. Dun & Company's Weeklj
THE OUTLOOK BRIGHTENING
The Hardest Week Hus Left the Dusluesi
"World SUU Able to Rejoice in tin
. '. Soundness nnd Strength Disclosed Im
portation of Gold nm Hegun and It h
Believed That the Wprst Is raised.
New York, July 29. R G. Dun S
Company's weekly review of trade Bays
The hardest week has left the business
world still able to rejoice in the sound
ness and strength disclosed. Prices of
stocks were greatly depressed Tuesday
and Wednesday, closing lower than
any other day since January, 1879, and
the fall on Wednesday averaged ovei
$2 per share, aud yet only two failures
resulted and those of brokers not es
pecially important. A sharp rally fol
lowed on Thursday with buying from
London by shorts, and especially sig
nificant buying by small investors.
.No banks here or at ' other eastern
cities, and no eastern firms of large im
parlance have cono down, but numer
ous banks failed at the west, including
some of high repute and largo business.
The Erie railroad was again placed in
the hands of a receiver, though for
eight months of the fiscal year not earn
ings of the company had been larger
than last year's, and earnings of other
roads reporting are generally close to
The money market became excitingly
stringent again with the depression in
stocks, arid the drain to assist other
cities has been very heavy, but through
all the strain the banks of New York
have passed without trouble, and im
ports of gold have commenced.
From Si ,000,000 to 52,000,000 in money
has been sent west every day and a
largo decrease in bank reserves is ex
pected, as tho treasury has not been
disbursing heavily. Few commercial
loans have been negotiated and at high
rates. At other cities the money mar
kets have been quite close, but bank
failures at Milwaukee, Indianapolis and
Louisvillo have caused less disturbance
than might have been feared. The
treasury purchases silver sparingly and
the exports of that metal have been
largo. Exchanges between this city
and Philadelphia have been especially
disturbed, but banks of the latter city
continue to supply customers as well as
they can. Chicago has drawn heavily
on New York, but in that and other
cities bank statements indicate credita
Now York woolen factories are clos
ing for a month or more, or indefinitely,
because orders are slack; for, while job
bers' orders are about as usual, clothiers
still hold off. Fall trade is said to be
not more than a third of the usual size,
and many dealers expect to do no more
than half the usual spring business.
Dress .goods are better intone, but an
unusually large proportion of carpet
works is closed. Fall cottons, though
half a cent lower than last year in price
and exceptionally attractive, meet but
moderate demand, and print cloths are
weaker at 2.04 cents.
Tho knit goods business Is somewhat
Sales of wool at the chief markets
last week were 2,104,000 pounds, against
8,145,709 last year, and for three and
one-half months 47,546,707. against t!0,
930,100 last year. Orders for uoots and
shoes are restricted, many shops run
ning short time, while others have
closed, and shipments from the east are
12 per cent less than for tho same week
The iron bustness grows less active,
and in spite of past decrease . in output
tho demand does not equal '-the supply;
thatfouV large furnaces at Pittsburg
are expected to close. Bar is weak
and has been sold at 1.55 cents. Plates
aro in narrow demand and structural
iron is irregular with beams') down to
1.80 cents. Of steel bars, 28,000 tons
were old to agricultural implement
makers at Chicago.
Boston reports wholesale and job
bing trado vory conservative but retail
trade as largo as usual. Cottons have
sold well until lately, and there are no
accumulations, but some mills aro clos
ing to prevent overproduction. Wool
ens aro quiet, lightweights being slow
at prices 5 per cent below last year, and
wool is weak with small sales. Orders
for boots and shoes are small, leather
and hides aro quiet.
Philadelphia reports better feeling
though very little commercial paper is
sold at 7 per cent and banks are hoard
ing money though caring for deposit
ors. In textile manufactures there is
no improvement, and many mills are
closing for want of ordors.
Trade at Baltimoro is quiot. Banks
aro strong but close, and commercial
risks taken are narrow.
No gain is seen at Pittsburg, whore
tho demand for iron is small nnd tho
majority of mills aro closed, though
two havo resumed; but tho wage scale
for iron and glass is not settled.
At Cleyelrnd trade is dull, except for
groceries. , ,
At Cincinnati orders are not im
plied. ,. , l
Chicago reports smaller receipts of
most -products, docreaso of 22 per cent
In Clearings. 84 per cent in real estato
sales, and 20 per cent in eastbound ship
ments, jobbing trado fair and retail,
very satisfactory. Banks are calling
eomo loans; heavy demands for accom
modations continue at 7 per cent, but
the best customers aro supplied and
money id tight as over. Wheat is at
the lowest price ever named, and local
securities aft pressed for sale.
At Milwaukee the failure of the
three oldest banks cauaed intense ex-citeweMaAd-'bYy
ures, largo" holdings- of iron syndicate
paper, being tho cause, and business is
Jobbers at St. Paul are conservative,
but averago crops are expected.
Omaha reports quiet trade except for
groceries, and Sioux City good crop
prospects, but jobbing trade and pork
Jobbing trade 1b quiet at Kansas
City, cattle receipts moderate at lower
prices and hog receipts liberal.
Denver has quiet trade and slow col
lections. St, Louis reports fair trado for the
season, except In building, and no com
plaint among jobbers.
At Knoxville and Nashville trade is
fair; at Little Rock very conservative
but safe; at Columbus and Macon the
outlook is good, though money is
Now Orleans reports trade exceed
ingly dull and money very tight, bul
banks 6onnd and crop prospects excel
lent Mobile reports fair crop prospects;
Jacksonville a close and cautious trado,
and Charleston dull but sound busi
ness. Failures during the past week num
ber 880 in the United States against 171
last year, and 28 in Canada, against 22
last year. It is noteworthy that only
three failures were of capital above
$200,000 oach, and only 09 of capital
over $5,000 each.
Over 50 banks stopped during the
week, but nearly all were at tho west.
Last week tho failures in tho United
States numbered 457, and the proviout
NEW YORK CLEARINGHOUSE.
It Is Ass luting the Hanks to Tide Ovoi
tho Monetary Stringency.
New York, July 20. The clearing
house committee had a long session and
issued 2,150,000 Certificates. Nearlj
all this amonnt was taken out by banks
on commercial paper, which shows that
tho bunks are assisting their merchant
customers. The situation was talked
over by the bankers at tho clearing
house meeting, but only in an informal
way. Tho banks individually will as
sist us far as possible ony of their cus
tomers who wish to import gold, but
such assistance is soley on the bank's
It is apparent that there is large buy
ing of railroad stock in small lots for
investment. At the office of the Chi
cago, Milwaukee and St. Paul it was
Btated that the transfers in the last
mouth amounted to about 1,000,000
shares, all in small lots. One lot of 50
shore was divided up among seven peo
ple. The officials in tho St. Paul office
said that they never knew of such an
amount of small lot transfers.
Shipping .Silver to Europe
New York, July 29. Handy & Hart
man will ship 100,000 ounces of silver,
and Huskier, Wood & Company, 70,
000 ounces on the steamship Etruria.
Zimmemiann & Forshay will send 27,
000 ounces of silver and 10,000 Mexican
dollars to Europe on tho steamship
No Silver l'urchused.
Washington, July 29. The amount
of silver offered for sale to the treas
ury department aggregated 250,000
ounces at prices ranging from 0.7050 to
on rriinn .,.,- .... 1i r -i.j,.i. . ,i
clined, und 0.7030 tendered.
Arrival of Gold.
New York, July 29. Tho steamship
Columbia Drought live boxes or golu
bars and coin valued at 247,500.
Only Eloquent Speech Saves u Kentucky
Town Prom u Tunic
Lexington, Ky., Juno 29. The
Traders' Deposit Bank of Mt Slorling,
Ky., with a capital stook of 200,000
and a surplus of $80,000 has assigned.
This failure and that of tho Farmers'
bank tho day before caused tho greatest
excitement and heavy runs wero started
on the two remaining banks, in the
town. The streets wero crowded with
people and a genuine panic ensued.
For awhile it looked as if both banks
would have1 to Buspend, but ex-Chief
Justice Holt, Mayor A. Woods, Judge
French and other proment men ad
dressed tho throng of scared depositors
and besought them to have confidence,
and assured them that their money was
Before long the elbquent appoals had
their effect, und within two hours after
tho bank opened the ruus had peased.
Confidence is thought to be restored and
a black Friday has been averted.
At Great fulls, Mon.
Great Falls,' July 29. The First
National bank of this city suspended,
owing to tho Helena bank suspensions.
Assets are much above liabilities, and
it is belieyed it will soon resume. Strin
gency is given aa tho cause of the fail
ure. Tho bank was owned in largo part
by the Great Falls Townsito company,
and was a depository for tho Great
S n AhIiIiv. tfio lnrrrenr. final nr in ncr-
ricultural implements in Montana,
witn stores at various points, nua as
signed to Robert S. Ford, president of
tho Great Falls National bank.
At Tort Washington, Wis.
Port Washington, July 29. The
German American bank has closed its
doors. The bank had been singularly
unfortunate, having been caught in
both the Plankinton and Mitchell bank
failures at Milwaukee. M. Andier has
been appointed receiver. There aro
ample securities and depositors will
l'rivate Dank Closed.
Chippewa Falls, Wis.. July 20. G.
W. Soymour'a private bank closed its
doorri here. There are runs on all the
other banks in the town.
One la Oregon.
Portland, Or,, JulyM.The Uaioa
Banking company hafi suspended.
TWO TOWNS DESTROYED.
The Fire Mend Visits FrcnMco and Fl-
Phillips, Wis., July 29. Great ex
citement prevailed hero during tho aft'
ernoon about fires in tho neighboring
towns of Prentico and Fifield. About
4 o'clock a call for assistance came to
B. W. Davis, secretary and manager of
John R. Davis Lumber co mpany, from
Prontice. In about 15 minutes he had
the company's engine coupled to two
ireignt curs una witu nose ana ou 01
the business men and his employes, pro
ceeded to Prentice, where, after two
hours viKorous work the hre was cot
ten under control, with tho exception of
the Soo Railroad company's coalsheds.
About 5 o'clock a call for assistance
came from Fifield, but as so many were
absent at Prentico no one could go. The
fire at Fifield was much more serious
than at Prentice, starting in a shed at
tho Clifton House and sweeping away
89 busiuess buildings and a few dwell
ings, taking all the business portion of
the town. No estimato can be made oi
tho loss nt this time, but it must reach
over 8100,000. Rain came during the
night, which for the present will checfc
forest hres, that have been doing con
A Negro Convict Assaults Two of tho
Overseers With a Knife.
Pittsburg, July 20. William Lan
caster, a negro convict in the western
penitentiary, made a desperate attempt
to murder John McVeigh and Albert
Rese, overseers in the mat department.
He cut MoVeigh's throat, but tho
wound is not deep enough to be fatal.
The two overseers were talking near a
stone where tho prisonors employed in
tho mat shop sharpen their knives.
Lancaster came to sharpen his, and
when McVeigh's back was turned he
made tho ussault. McVeigh shook him
off and retreated. Lancaster turned on
Rese but missed him. Rese drew a re
volver. Lancaster threw a brick at
Rese, whereupon Rese fired but missed
the negro. Hearing the shot Warden
Wright came to the overseer's assist
ance and Lancaster wub put in a dun
geon. The negro would have been lib
erated today had ho not made an at
tempt to break jail at Washington, for
which six months was added to his first
Dentil of lloubri II. Fosi.
Dover, N. H.,July 29. Hon. Robert
H. Fops of Barrington, N. H., died yes
terday, aged 74. Ho early became a
Free Mapou, and for many years was
standard-bearer of the active members
of tho thirty-third decree of the North
ern Masonic jurisdiction, and treasure:
of the grand coinmandery of Illinois.
As a politician he was the first of the
Old Guard of Republicans in Illinois,
and it was credited to him that he car
ried off tho two doubtful members of
the Illinois legislature for John A. Lo
gun for senator. Mr. Foss was chair
mun of the committee on finance when
Long John Wentworth was mayor oi
Chicago, and to him the credit can be
given for the present system of sewer
age in that city.
Philadelphia, July 29. A peculiar
accident occurred at Cramps slnpvards,
on board the cruiser New Nork. While
five ship carpenters were cleaning their
tools with benzine, tho friction of one
of tho men's hands over the tools caused
the benzine to explode at tho same time
oxploding a can of the fluid that was on
the floor of the d&ck and scattering it
all over tho men. Two of tho men
were seriously, and tho othor three
paiufully burned by the explosion.
Western Miners Murchliii; Eastward.
St. Louis, July 29. The advance
guard of tho Colorado miners who are
tramping eastward has entered Mis
souri und every railroad track leading
towards tho Mississippi river is black
with humanity. About 250 of tho
army reached Sedalia last night
and were provided with food by tho
citizens. The trainmen havo given up
all attempts to keep them off the trains,
and are now permitting them to ride
Kansas City, July 29. Tho opera
tors are now confident that tho back
bone of the miners' strike in southeast
ern Kansas is broken. Tho first ship
ments of coal from Weir City for over
two months were made yesterday, and
several strikers returned to work. Ev
erything is quiot at Weir City, Pitts
burg and Litchfield. Tho number of
guards at each place has been reduced.
Kimslu Protecting the Seals.
St. Petersburg, July 20. An im
perial Ukase just issued forbids the
killing or capturing of fur seals on
Russian land without special permis
sion from the government. Violations
oftho decree is made punishable by im
prisonment, and forfeiture of ships.
A Negress Hunted.
Charleston, July 29. Ada Hires, a
negress was hanged at Watorboro' yes
terday for the murder of her half broth
er last June. She stated on tho scaffold
that her futlier, who was also convict
ed; but respited by Governor Tillman,
had nothing to do with the crime.
Will Ilcsuine Work.
Troy, N. Y July 29. Notices havo
been posted of a general resumption of
work on Monday next at tho Burden
iron works and the Clinton foundry.
This is muoh sooner than oxpeoted.
Several thousand persons will bo bene
fited. 91111 Closed.
Providence, July 20. The following
mills in Burrillville have closed: A. L.
Sales & Sons, Arnold & Perkins, JobF.
Flake, Jr., W, A. Inman, William
Tinkh&m & Company, J, D. Nichols &
ACROSS IN A SKIFF.
The Tttkk Chris Paulsen of Viking Blood
Has Set Himself.
New York, July 29. Chris Paulsen
came from the land of the Vikings, and
after a tempestuous career upon the
6eas settled in Rahway. In the quiet
of his barnyard ho is now completing a
10-foot skiff, in which, all going well,
ho will cross the Atlantic to visit his
parents in Norway. Paulsen is 80
years old and inured to tho hardships
of sailor life.
When the Viking arrived here Paul
sen saw her, talked with her crow and
was seized with the idea of crossing the
ocean in a still smaller boat. He at
once began to prepare his plans, and so
well did he carry thorn out that before
this week is ended his boat will be
launched. Her dimensions aro: Length
over all, 10 feet: beam, 5 feet; depth, 8
feot 0 inches; keel, 10 feet. She will be
rigged with a low freo board and with
a water-tight compartment in each end.
Rubber tubes -will be run along tho
gunwales to add to her buoynncy. She
will be sloop-rigged, the mainsail being
12 by 12 feet, with a jib 0 by 10 feet.
She will be sharp at both ends.
Paulsen oxpects to start on Aug. 20.
He does not intend to tune provisions
enough for the whole trip, as ho will
follow tho course of the transatlantic
liners and expects to objain fresh pro
visions from time to time. Two tanks
holding 100 gallons of water will be
stowed away, one in each end. His
only food will be hardtack. Paulsen
expects to make the Shetland islands in
Two Iinportunt Now York OMces Filled
hy President Cleveland.
Washington. July 29. Private Sec
retary Thurber has announced the fol
lowing appointments as made by the
president: James T. Kilbreth of New
York city, collector of customs for the
district of New York, vice Heridricks,
resigned; Walter H. Bunn of Coopers
town, N. Y., appraiser of merchandise
for tho district of New York, vice
"Walter H. Bunn, who has been ap
pointed by President Cleveland as ap
praiser of merchandise for the district
of Now York, is a lawyer, about 58
years of age. Under Mr. Cleveland's
former administration Mr. Bunn was
United States marshal for the northern
district of New York.
Jumes T. Kilbroth. tho new collector
of customs of New York, is a nutivo of
Cincinnati, 52 years old. IIo served
two terms as police justice in New
York city from 1874, to 1802, and at tho
expiration of his last term, Tammany
declined to reappoint him, ho not being
identified with that organization. Mr.
Kilbreth married Mrs. Oudin, mother
of the famous tenor singer of that
name, and is a brothor-in-law of Gen
eral Agnus of The Baltimore American.
TRAGEDY IN A COURTROOM.
One Muu Shot und Another lias Ills Throut
Russellville, Ala., July 29. A
tragedy was enacted in the criminal
courtroom here yesterday, resulting in
the death of one man and the wounding
of another. During the trial of a di
vorce case a difficulty arose between
John Ligon and Lino and Clark Rich
ardson, two brothers, which resulted in
Ligon shooting Lino Richardson in tho
left shoulder und Clark Richardson cut
ting Ligon's throat from ear to ear.
Richardson may recover.
Ligon married Mrs. Richardson, the
mother of Line and Clark Richardson.
Ho was so disagreeuble that she was
forced to leave him some months ugo.
She sued for a divorco, and during the
trial here yesterday Ligon made some
slanderous remarks about her. Line
Richardson gave him the lie. Ligon
called young Richardson a vile name,
drew his pistol and fired, and was in
the act of shooting again when Clark
Richardson rushed to tho rescue and
cut his throat from ono ear to the other
with his knife, thus saving his broth
Passenger and Freight Train Conic To
gether Injuring' Six People.
Indianapolis. July 29. The Pitts
burg, Cincinnati, Chicago and St.
Louis passenger train from Chicago
collided with a froight train just north
of this city on tho Lako Erie and
Western track which are used between
here and Kokomo by tho Pennsylvania
company. Both engines and baggage
and express cars of the passengers wero
Six people were injured, ns follows:
Al. Woods, passenger engineer, In
dianapolis, ankle broken and face hurt.
Walter Ensey, passenger fireman,
face and head badly injured.
F. M. Barnard, express messenger,
Logansport, dangerously blow on head.
O. C. Keene, Chicago, leg and body
Samuel Cutsinger, Edinburg, Ind.,
hand injured. ,
Mrs. Henry Fry, Louisville, face cut
Five Tramps Crushed to Death.
Erie, Pa , July 29. A Lake Shore
freight train broke in two near Harbor
creolc and tho sections collided. Five
tramps riding on a coal and lumber car
were caught. Louis Real and Daniel
Egan of Chicago wore crushed to death.
John Sullivan was badly hurt and
Frank Patterson slightly. The fifth
man is miBsing.
Quiet Day at Buszard's liny.
Buzzard's Bay, July 29. Yesterday
was another quiet day at Gray Gables.
The president spent tho entire day at
homo, with the oxception of driving up
to the village at noon for his mail. Mr.
Cleveland is undoubtedly spending his
remaining dya here in completing his
message to coogress.
Dr. Wheeler Reports tho Result
of His Mission.
HE HAS DONE HIS WORK WELL.
He Says Thut Ha Considers tho Outlook
Most Fuvorable at AH Kzccpt the Med
lterriinean Ports Serious Conditions ol
Affairs In the El Plndo District.
New York, July 29. Dr. A. W.
Wheeler, the United States marine hos
pital surgeon who was recently sent
abroad by tho treasury department to
examine into the sanitary condition of
the ports where emigrants aro em
barked for this country, has sent the
following communication to Dr. Sen
ner, commissioner of emigration:
"In reply to your letter asking my
opinion a3 to the probability of an epi
demic of cholera appearing in the ports
whence emigration usually comes to us,
I have to state that the outlook I con
sider to be most favorable at all except
Mediterranean ports. At Hamburg,
whence we get a largo number of peo
ple; und which, as you remember, was
visited by cholera la3t year, there has
as yet been no recurrence of the dis
ease, which it was greatly fettled
there would be. The city au
thorities have done and are still do
ing evejything in their power to pre
vent its introduction from abroad and
to suppress it should it appear. At an
enormous expense, all water in the city
now is filtered and purified. As tho
weeks roll by the chance of escaping
the disease improves so fur as northern
ports are concerned. With regard to
the Mediterranean ports, it may bo said
that sporadic cases of cholera appear in
Marseilles and Nuples almost every
year, und the presence in those oities of
a few cases does not by any means indi
cate thut nn epidemic will follow. Since
the lust epidemic nt Naples the sanitury
condition of tho city has been greatly
improved; first, by the introduction
of water from a mountain lako situ
ated 50 miles in the interior, tho wuter
being of greut purity and brought un
derground to Nuples. An active mu
nicipality is ulso alive to tho dangers to
the commerce of Nuples in the event of
nn epidemic of cholera, and will use
every effort to suppress tho disease
should it appear. You will, therefore,
see that I am inclined to bo very hope
ful regarding any serious outbreak of
cholera in foreign ports this season, and
do not anticipate any marked diminu
tion of immigration from that cause."
SerloiiH Condition of Affairs.
Madrid, July 29. The contition of
affairs in El Piudo district, in tho prov
ince of Corunna, where a number of
cases of suspicious sickness wero re
ported, is serious. It has transpired
that 40 persons have been attacked with
a choleraic disease within the past few
days. Of tho persons uttacked 12 have
died. It is believed that tho disease is
Asiatic choleru, ulthough there is no of
ficial notification to that effect.
Shots Were Exchanged and One Man Is
Ravenna, O., July 29. At 2 o'clock
in the morning a burglar entered the
house of Nelson Converse, n well
known merchant of Kent, and pro
ceeded to ransack tho promises. While
he wub enguged in the work tho noise
aroused Mr. Converse and his nephew,
Pierce Converse of Texas, who is visit
The two cautiously mado their way
down stairs and surprisod the maraud
er. They finally opened fire, which
was just as promptly returned by the
crook. Shots wero exchanged, and
young Converse, who is only 17 years
old, was severely wounded.
The thief succeeded in making his
escape, but could go no further than
another house, where ho fuinted from
the loss of blood, und was forced to sur
render. He was taken to jail aud
locked up. Ho gave his name as
Frank Edwards, and says ho is from
Chicago. He is about 25 years old.
Young Converse is in u critical condi
ion, and may die.
AN EX-CONVICT RAISES A ROW.
Ho Finds His Wlfo Living With u Negro
and a Murder Follows.
Cleveland, July 29. Last Monday a
whito man named Davis was rel6ased
from tho Ohio penitentiary, nnd went to
Coming, O., where ho found his wifo
living with a negro. Last night ho
loaded up with whisky and went to his
wife's home. A quarrol was started
which soon resulted in a fight. There
wero sovoral persons in the house at the
tiino, and the fighting became general.
Knives nnd revolvers wore freely used
and a number of shots wero fired.
James Clifford, a whito man, was
shot in tho breast nnd died a few min
utes later. His wife was shot in the
thigh and is suffering greutly. Davis
was seriously cut about the head, breast
and arms and can not recover. A col
ored man named Walker was shot in
Both Mrs. Davis and the colorod man
who lived with her escaped with only a
few slight cuts and bruises. All the
participants in the nffair except Davis,
who is too ill to be moved, are under
Heulitor llocUvTlth to Ileilgn.
Denver, July 29. A Choyenne, Wy.,
special to Tho Republican says i(?; ia
authoritatively stated that Senator
Beckwith will hand his resignation to
tho governor next Monday and that
Collector A. L. New who waa a prom
inent candidate before the legislature
l&Bt winter will be appointed to the
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