The Alexander Black disaster would certainly have been reported in the local paper, the East of Fife Record, which was printed in Anstruther, and which turned into the East Fife Observer early in the 20th century. That paper has also now gone. But the Cupar library has back numbers. Can't remember their address, I'm afraid, but probably someone else here can supply details.
The Murray Library in Anstruther closed down some years ago and their old local papers were moved to Cupar, but there's a sort of library now in the Lower Town Hall in Cunzie Street, Anstruther, which recently obtained microfiches of the papers.
I found a useful posting about Fife newspapers on Rootschat from 2008.
http://www.rootschat.com/forum/index.php/topic,283287.0.htmlThe lady who posted the query at the top of the page asks about James Peebles who died in Tasmania in 1869. He was my great-great-grandfather! I think I know who she is.
Harry