The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1884-01-18
EASTERN STATES.
iTwo New York Firms Dealing In Flour and
q Grain Suspended.

cram suspended.
NEW York. JAM l2-Much excitement
was caused in the Produce Exchange and
neighborhood to-day by the announcement
that the firm of E. w. Coleman & Co., flour
street, were unable to meet their ob!iga-
tions. In consequence OF this news the
market declined from II to cents per
bushel on wheat, and from Z to cent
per bushel on corn. Soon afterward iu
was announced that J. NJ. Fuller Co.,
grain brokers in Bridge and State streets,
had also suspended and made an assign
ment. The failure of E. w. Coleman
l. Co. caused great surprise. The firm has
been established more than thirty years,
and did an extensive business in flour and
grain Being "lang" on wheat and corn
principally wheat they gradually got
into such position that nothing but de-
cided turn of the market could relieve them
from embarrassment, and such turn did
not occur. Coleman & Co. made an assign
ment for the benefit of their creditors. 1t is
impossible at present to estimate the iabili-
ties, but they are heavy, and the assets
am. s.chiefy of such character that they are
not available at present. Most of the
firms indebtedness is due outside of this
city.
1t is supposed that the failure of ]. NJ.
Fuller & Co. was precipitated by the de-
cline in the market, consequent upon the
suspension of Coleman & Co. The firm has
been doing a speculative business, and was
"long" on the market. 1t is not sup
posed that the liabilities are extensive.
The firm was embarrassed about seven
months ago, but managed to tide over. At
the office it was stated that the liabilities
would probably not exceed 100000
The failure is due directly to a heavy de
cline in wheat, and also losses by the fail
ure of Lane & Son, and Detroit house a
few months ago.
Probably Lost.
New York, Jan l2.-The bark Min lie
NJ. Watts Left this port for Portland Oregon
May II and July % was seen off Cape Horn.
Nothing has since been heard from her, and
she is thought by her agents, Van Week
l. Co., to be lost with all on board. Soon
after she pissed Cape Horn terrific storm
prevailed there, and several staunch clip
pers WHICH encountered it were compelled
to put INTO Valparaiso in distress. 1t is
probable that the Watts went down in the
same storm, with twenty persons aboard.
~ Tor rioIx yolua1 ar
$S5.O0O.
SAN Francisco, Jan. l4.-The Alta
states that the Alaskan judseship will in
all probability be offered to Ward McAilis-
ter. nephew of Hall McAllister of this city.
Judge Ferrall of the superior court, to-
day refused to dismiss the indictments for
forgery and perjury, preferred by the grand
jury against Miss Aggie Hill and Neilsnn
They will therefore be tried in the United
States circuit court
The case of Charles Ford, On the same
charge, was also continued until February
IL, it appearing that Ford was at st. Louis
to i'll to attend.
Jacob Bansterly, an iron moulder, SO
years of age, a Swiss, who came here
from Oregon three weeks ago, was found
dead in Golden Gate park, with a bullet
hole through his head. Suicide.
Terrible Accident
BRADFORD, Pa, Jan. l5.-A stream of
waste oil flowing from tank across the
Bradford, Bor,lell and Kinzua Railroad
canght fire this morning and the passenger
train from Wellsville for Bradford ran into
it and the train was Immediately enyeloped
in flames, as the track for distance of
fully 100 yards was covered with oil. 1t
is believed that the gas, coming in contact
with the fire-box of the engine explo led.
firing the oil, which spread on the hurri-
cane of wind which was blowing and en
veloped the doomed train in an instant.
The mass of flames was of so intense heat
that the windows of the cars cracked and
fell in less time than it takes to write this
The passenger coach and baggage car were
converted into seething. kissing mass Of
fire, and the coach was filed with flames
and there was rush for the doors, but the
passengers were driven back and forced te
jump through windows to landing in the
snow. A relief train with surgeons and
cots was dispatched to the scene of the
calamity. Upon the arrival there terrible
sight presented itself. The passenger coach
and baggage car were smoking ruins while
the engine lay on its back, having turned 8
complete somersault. 1t is definitely known
that only three persons, all women, were
burned to death. Thirteen other persons
were severely burned, a number of whom
will die.
ANOTHER ACCOUNT
BRADFORD, Pa, Jan. l5.-While a trai,
on the Bradford and Kinzua Railroad wa.
passing an oil well being torpedoed, the
fire box was open and the gas was ignited
setting the well on fire. The train jumped
the track, and twelve persons reported
burned to death Another dispatch sayl
The enoiue med the track and co}lidaf