Middletown transcript., 1873-09-27
Edward Reynolds.
Items Of News.

FEELING IN TnE Dry Goops TRAp. -
As showing how little the panic ha, 10 do
with the legitimate trade the New York
Bulletin Of Saturday has the following,
which is applicable also to other troubles:
"A careful canvass Of the dry goods
trade enables US to place before our read.
ers tho views Of many Of the more promi-
uent houses upon the effects likely to re-
suit from the financial crash in Wall
street. On no former occasion have we
seen such unauimiiy in the trade as re-
CARDS the prospective future. and the lead
Ing merchants express tho most perfect
confidence in the perfectly sound condi-
tion Of the business Throughout, the coun-
try The Wall street panic occurred a, u
fortunate time for the importers and
manufacturers agents, as the great bulk
Of their heavy sales have already been nc.
complishcd, aud tho jobbing trade, now
in operation is not likely to be materially
affected by the Wall street issues
.'As an illustration Of the slight amount
Of importance attached by the trade 10 the
monetary panic, it may be mentioned tha,
when the news OF the suspension Of Fix
4 Hatch was received at the auction rooms
Of Townsend & Moatant, large sale Of
French shawls was in progress aud the
bidding became pore spirited the moment
the failure was made known. Dry goods
men have long realized the fact that Wall
street has long been using money for
speculative purposes which properly be-
longcd to the legitimate channels Q. com.
merce, aud the brokers DO not receive a
particle Of sympathy from the trade; Oh
the contrary there is 4 general feeling Of
satisfaction a, the prospect Of mercantile
paper again meeting with just recognition
instead Of going begging at rates unwar
ranted by the high. standing u the mer.
chants
A most distressing acciicn, happened At
Harpers Ferry on Saturday last. \
young man uamel Allison, together with
= comrsjc named Reid, were loolipg With
loaded gun near the house OF the father
of Reid Young Reid walked away. AMI
Allison fooli,hly presented the gun q
Reds sister, VINO had just stepped ~ tie
porch Of her fathers house. when the gun
wen, of, klliag her almost instantly, the
distance between them being but few
feet. The yourg laiy was but about
seventeen years OF age, and this terrible
calamity has cast shadow over her
parents aud family as we'll as the yohng
man through whose toalishness ,he met
her un,imely death -tent,ti.u,d va ]
Times.
PAN,c EFFECT os LAaoE tSp lSprsrEy,
In consequence Of the financial crisis
in Now York and the general dcrreciutlon
of new railroad securities. orders for
locomotives for three months ahead at
Rogers locomotive works in Patterson,
n j.. have been Cancelled. aud tive hun
dred aud eighty.iive Of the ~orkmen were
discharged on Tuesday Il Is feared that
Eve huadred more msy be discharged at
the same works and several hundred at
the Darfori aud at tho Grant works
II is stated that the steamer lronsilcs
which was los; on thu lake oil Grand
Haven. Michigan. few days ago, was
lcaky aud otherwise unworthy. and a
statement that water went into the hatch-
ways and pu, GU, the fires is denied by
fhc second engn er, who says that the
va,cr came up through the bottom All
the bodies OF the drowned which have
been recovered have been Identified by
their friends.
A telcg am from Ttusyiln, Pa, SAYS
that intense excitement preYa!ls IN the OF
over the discovery in the lower districts
Of fourth sand rock, which promises to
be moro prolific in the production Of Pc
troleum than either Of the formerly pro.
ducing s,ratas Of the second aai third,
The King OF the Sandwich Islands has
ordered biz minister Of foreign affairs TO
notify The United States minister that he
is ready to negotiate tsea'y with the
United States on basis Of the cession 10
she latter of Pearl river harbor. The
King is said to be dangerously i'll.
Four hundred and fifteen men were dis.
charged from Rodgers Locomotive Works,
at Patterson, n j F, on Thursday, max
ing ono thousand laid of this week or two
thirds of the whole force.
The dwelling of William Crouch. near
Williamson. Ky. was burned Lar, week.
His wife and two children aud an orphan
perished in the flames.
Tho State Department at Washington
has received the amended shipping act OF
Grea, Britain requiring in case OF collision
1t sea one vessel to stand By the other
The organization of State grange nf the
Patrons Of lIusbandry. in Pennsylvania.
vas effected II, Reading on Thursday
week