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Ut M H ill .Ml I it i sine;. EXCLUSIVE TELEGRAPHIC PRESS REPORT. . VOL,. XL. NO. 170. ASTORIA. OREGON. THURSDAY MORNING, JULY J7,. 1893. TRICE, FIVE CENTS, A- Ki H J tl 11 tl Has Struck the Town. Big Betsy of the- "Monterey," : : Fired into Cooper's Store And Knocked The Bott oai o it of PS k'i 4 LWtH Mi 12 fcii fciSJ f I IT HIP iiLP i ill iii fi. 1 DOC is oiaugnierea The Greatest Reduction Sale "',.' ' ' ' ' Ever Known in Astoria: 1 Positively, You Will Get Bargains. No Humbug. At the Midsummer Sale now in Progress. KrJ?n b Li o 3 The Leading Merchant of Astoria. REPETITION OF BUCK FUN Prices ' in Wall Street Were TninMcfl i ' Right and Left, MONTREAL LOST HVE MILLIONS I'J HoLLuw Probably Touched After Hit' paralleled Decline la All Keeurltlea. Associated Press. New York, July 26 Today waa sar castically described by brokers as "Banner Day." During a large portion of the day the stock exchange present ed a situation very close tot a panic. At times the sales of Investment stocks proceeded in such a volume and with such' violence as has never before been witnessed, except In the worst day of '73. London bought for a time, but It proved quite powerless to stem the tlda of liquidation. Some of the best stocks on the market broke from four points upward, Lake Shore 1" par ticular netting 7 points; New Tork Cen tral 4W, "Western Union 7- One of the extraordinary incidents was the sale of 200 share of Kvansvlllo and Terre Uuute, a stock not active on exchange. They were sold "under the, rule," for an embarrassed .broker; ana, aJtliiough the price1 quoted yesterday was at 126 bid, no buyer wafl found today until the stock waa ottered t BO, a decline of 76 points In a day, which Is prcrably unparalleled in the record of the stock exchange. The bearg had it eUirsly their own way, and there was no oopoeltlon to their onslaughts. The announcement of the failure of HI Nlckles & Company, added zest, and prices were tumbled right and left and without rhyme or reason. As :an Illustration of this, the case of the Manhattan Elevated road may be cited. The earnings of the com pany were never so great before in Its history at this time of the year, and the road la In splendid condition, so thiere was absolutely no reason or cause for a decline Ha stock. At half past two o'clock, bonkers and brokers of prominence said there was a better tone to the market, but they would nod say whether the bottom prices hadi been touched yet for any stock or exchange securities. The sub-treasury was a debtor at the clearing house today In $390,000, and settled the balance In gold. It Is al most entirely out of currency, especial ly small bills. The bank officers say the situation in that 'respect is pretty bad- It Is estimated that about $1,000, 000 was shipped to the country today by New.York bankers, much of which was in gold. Rumors were plentiful today of re ceivers for several well known corpo rations including two railroad compan ies, many, however, of which were ut terly baseless. With reference to the condition of the Philadelphia banks, the Press of that city today asserts that New Yortf banks owe the Philadelphia banks about $9,000,000, while the Philadelphia banks owe the New Tork banks $6,000, 000. New York bankers, however, say the money which the New York banks owe Philadelphia is mainly 'on reserve accounts, and the money which Phila delphia banks owe New Tork is drafts sent for collection, and money which they have received but not remitted. The reason they give for not remitting us the money is that they cannot get New Tork exchange except H a high rate of commission and cannot spare the currency; yet they claim a cash reserve of mora than 33 per cent. A dis patch! from Philadelphia tonight says the banks there pay a premium for ex change, and that does not Imply any weakness whatever on the part of the Philadelphia bank The rate for New York exchange has averaged $3 per $1,000 for several weeks. SPOKANE BANKS CLOSED. . Spokane, July 26 At 2 o'clock this afternoon the First National Bank closed its doors, and with It, the allied institution, thel Spokane Savings Bank. Notice was posted that "owing to the continued withdrawal by depositors and Inability to realize on securities, this bank has temporarily suspended pay ment." President GWver Said that all depositors would, be paid In full. The news created no excitement and! no run upon any of the other banks. The First National commoncca business; In 1892; Ifa paid up capital $250,000. The Spo kane Savings bank was organized in 1S92, and has a capital stock d 100,000. H. I Cutter Is president. CHICAGO BANKS SWINDLED- Chicago, July 26. It Is repoted this afternoon that the Chicago Trut & Saving Bank and other banks In this city have been swindled by a. smooth confldence man with a lot of forged securities and thai the amounts secured will aggregate SO.000- President Tol man of the Chicago Tru"t and Savings bank aa well as the police absolutely decline to talk on the subject beyond saying It Is being Investigated. FIVE MILLIONS GONE. Montreal, July 26. Stocks are more demoralized than even In the history of this city. Many persons are ruined between here and New Tork. and It la estimated that over $5,000,000 of Mont real money have been lost In the past three months. . So far there has been no bank or other failures. BANKRUPT BREVITIES. Tlcknor & Co., publishers, of Boston made an assignment, yesterday. M. J. Lawrence, president of the bus ponded People's Savings bonk, and of the Peoples National bank was yester day arrested on a charge of grand larceny. The General Credit company of Lon don Eng., has suspended; capital, $500, 000. In London, yesterday, stocks closed demoralized, with Americans very flat. The land, loan and collection agency of Murphy and Bolam of Dallas Texas has failed. The liabilities are estlma ted at half a million, with awefa fuflv aa much1. . ; ,: The extensive woolen mills of Scatch ard Bros., Philadelphia, have shut down indefinitely, owing to the depres Blon in trade. The extensive Smith Carpet works at Tonkerg, issued a notice today that they would run on half time for an in definite period, owing to the depres slon of the market. ROYALTY MfiY BE RESTORED Sandwicli Island's Queen Seems To Ec In IM. WHAT CI.AU3 8PKFCKI.I.H BweriUh Miuiuiiarlet Murdered in China An Kxi!oslu uf Work In Canton. NEW YORK STOCK MARKET, New York, July 26, The appointment of a 'receiver for the Erie road, while nob unexpected, had a disastrous effect on stocks at the opening this mornng, LONDON STOCKS WEAK. London, July 26, The stock market is weak and feverish, There is great pressure to sell Amertcan securities, Quotations are nominal, EAVNS PLEADSNOTGUILTY. Fresno, Cal., July 20 Chris Evans was arraigned today on two Indict ments, charging Mm with1 the murder of Vic Wilson and Andrew McQlnnla; to each he pleaded not guilty. Cong ressman w. Woodbum of Carson,' Nev., is associated with Patrick Reddy In Evans' defense. Evans Is apparently in good spirits, and his plea was made in a strong voice. EXPLOSION AT ABERDEEN, Olympla, July 26. Word received from Aberdeen states that at 7:30 this morning the boiler flue In the mill of the Weatherwax Lumber ; Company collapsed,, instantly Wiling Fireman William Welsh and probably fatally Injuring four others. FRANCE BEGINS OPERATIONS. Saigon, July 26 The French flag was hoisted on the Island of Hong Sullen which will be made the basis of future operations. The French government al so decided to take possession of the other Islands in the Gulf of Slam. A FIENDISH HUSBAND, Pittsburg, July 26, John S, Mouo a laborer, was arrested this morning on a charge of murdering his wife and two small children, and then firing the house to conceal his crime, . THe'mINING TROUBLE, Topeka, Kas, July 26, -Advices to the governor indicate a more peaceful con dltion at Weir City, and It is hoped bloodshed may be averted without the intervention of troops. , Associated Press. Ex Minister Stevens and a few ml els, who arrived from Honolulu today, says that the "provincial government Is doomed. Not one quarter of the peo ple are with them, and the concenmis of opinion Is that' the queen must be restored. The question of government will eventually be put to a popular vote, and LWuckalanal will win. The gov ernment does not want a vote taken, and la doing everything possible, to pre vent It. Ex-Miplster Stevens and a f wm!s slonaries were responsible for the up rising, and had It not been for them there would have been no trouble- I think Minister Blount is of the opinion that President Cleveland would be do ing only what was right by putting L1H ucklani on the throne. The queen is tn Honolulu and is under no restraint. She is mistress of the situation. Should the United States refuse to annex the islands trouble will ensue." HAPPENINGS IN CHINA, Vancouver, B, C, July 26, The steamship Empress of India, which1 ar rived yesterday, brings details of the murder of two Swedish missionaries by Chinese fanatics at Fung Pu, An explosion at the Canton Powder Works killed over fifty people. Injured three hundred and destroyed the homes of two thousand others, News was received at Hong Kong that the ; Spanish steamer Sa.n Juan, loaded with kerosene, has been des troyed by fire. Out of 250 people ,n board only twenty nine were saved, PLUNDERED THE MAIL. Utlca, N. Y., July 26 The registered letter pouch from Portland, or-, on train u. of the New York Central, about ten days ago, from New York City, was rifled of Us contents en route, and when the pfnich reached the poHt offlce In New York, It was discovered that nearly sixty registered letters were missing. The pouch had been cut and the opening carefully luced with lether string. There is no clue. FIXING PASSENGER RATES. Chicago, July 2G. The Western roads flnplly renched an agreement on the World's Fair rate, this afternoon, for the month of August, but It Is r.ot certain If it will endure beyond that month. It provides for one fair for n round trip, plus $2, with certain con. dltions, such as thirty days' limitation, etc., and a proviso that the roads shall not use these rates In basing through rates to points east of Chicago. NORTHERN SALMON PACK. Vancouver, b. C, July 26. Two1 north em steamers arrived today add report Jie salmon run in northern waters very poor. : in fact It ia expected that the pack will be ft failure. The ru non the Frazer continues to Improve, one can. nery having packed 18,000 fish- For an $ Lt By becoming' a member of HiTs Lot Clubs you can get a first-class lot in Hill's First Addition to Astoria. Lots will bo delivered weekly. ITow is the ("(fft time to procure a lot to build a homefor . . . XV $35.00 Buys the latest improved White Sewing Machine at FOARD & STO ,5,i .ViiJi.