New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-08-08
LOSS ON THE PACIFIC COAST
INSURANCE COMPANIES IN PERIL.
THE RECENT FIRE AT SPOKANE FALLS ADDED
TO OTHERS HAS MADE BURDEN HEAVY TO
DEAR-ADDImoNAL LIST OF LOSSES


TO OTHERS HAS MADE A BURDEN HEAVY TO
BEAR-ADDImoNAL LIST OF LOSSES
rBY TELEGRAPH THE TkIBUNEl
San Francisco, Aug THE recent fire at SPOKANE
Falls which involved loss to insurance companies
here of over 81 100000. has made the condition OF
several lOca companies pccarous, as the losses by
fro on this coast in seven months OF This Ee"
have been Unprecedented. II Is estimated that the
receipts of San Francisco insurance companies, IN
cluded in compact or trust, is s5,50oOO0 for the
entire year. Already the losses and expenses exceed
this by 81 900 600 and the worst months of the year on
THIS coast for fires yct TO come. Last year The in
eurance companies made a profit OF Sl3OoooV
but this year thus far the losses amount to so3oOooo
Counting the expenses Of the next five months ~
81 100000, the insurance companies stand 70 lose
g. 500 900 should there be not single fire from now
TIL the end Of the year. Counting the usual run OF
fires I'm August, September and October, the com
panies cannot hope to escape with less than
AZ 600 900 or "a OCO OF losses. With most con
sentative estimates. II IS certain that number OF
companies here will have TO make some change or 81
out of business. Wellposed authorities declare tha'
none OF the companies have gone below their sur
plus but If the fires continue they will be forced 10
do this, and then a big crash Is sure TO come
insurance stocks have been held up well, because
OF the nerve OF large holders but the State Investment
Company Is quoted To-Day AT ~, rs dsdlnSV 0' "''
day before the Spokane fire, and Anglo-Nevada at
o. IL. as against "a 1-2. To-day there was a
marked lack of bidders for any Insurance STOCKS
The record of fires was maintained yesterday by a
loss of $4,000 at Selma, Fresno County, largely
covered by Insurance. OF the fires which nave
been most disastrous TO insurance companies Two
thirds of incendiary origin.
Following are additional losses reported rom
Spokane Falls: Mrs. A. c. Adams, lodging house,
"a IN II JamiSDu loss IT,, OOO.
Insurance. $4,000: J. II. Boyle hardware, loss
$50 600 insurance So, 900 c. c. Brown loss $4,000,
no insurance: Or. Is. l. Howe, loss To'oOo, no IN
surance; H. W. j. Douglass attorney loss S3'oOo'
insurance 600; Louis Budde dryg0ods, loss S'oooo'
Insurance sa1 900: O. O. Peck, owner OF buldhg'
loss $4,000, insurance $500; J. H. Boyd d Co..
hardware. loss $4,000, insurance $4,000; Beymer
G. Hosford, saloon, loss $4,000, Insurance Sl'ooo'
s Martin, brick building in Howaid-st. in course OF
constructions loss 81 900. insurance $1,000; kibbet
4 Strock civil engineers, loss $4,000 no Insurance
l. A. Curfle loss $1,000 insurance S2'ooo' H.
Bolster, loss, furniture, clothing ana WORKS
of art, about $1,000, Insurance Sl'9oo'
C. II. Disalan & Co., grocery and livery
stables loss $4,000 Insurance 5000; Bump Co.,
wagons and carriages loss $4,000 Insurance F4'ooo
l. J. Elliecn, saloon, loss $4,000 insurance S1,35O ;
r. Norman, 80. X" barn. loss $4,000, Insurance
So 600: Stanley Miller. builder, loss $1,000 insurance
81 300: Dr.. T.. PittwOOd loss $1,000 no insurance :
Iealn q StuY saloon ana lOuSllle houHt, lpo0
Insurance 800: George Use. tailor loss TlOOOo IN
surance $500; Nelson & TAYLOR. dIessmakers. S5Ooo
insurance ~ 900. c. D. ide loss Sl2,O0O, Insurance.
20 600: f. j. Davenport, restaurant. loss Tl5Ooo
insurance $1,000; D: l.. Gaiet,on JOB printer loss
Uonse loss IS COO insurance $4,000: ]. s. MasteIsOn
publisher of The spokane Graphic loss $500 200 no
shrance IS 500: j. F. Ramsey & Co.. drugs. loss
$4,000, Insurance $4,000: J; .. sherwood washing
snrance si5 600 C. f. Letter, wines and liquors. loss
$4,000, Insurance S2,4O0.