Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-07-24
BUSINESS NOTES.

Los Angeles Times: Barschlg q An
derson have sold for b. Baruch to Her
man Brlsacher of Salt Lake city. a
lot 6Oxls5 on Olive street, between
Ninth and Tenth, for $1,000. Mr., Bril-
sacher VIII at once erect a handsome
residence on the lot,
Dun's Review has this TO say OF last
weeks business In Salt, Lake; Hot
weather has had some effect ON trade
but business on the whole, both whole
sale and retail, is fairly satisfactory
Jobbers IN dry goods. clothing shoes
and notions report orders for present
use as good for the season. and some
dealers are busy shipping fall orders.
Groceries, hardware and drugs sell we'll
Collections are fair, and money plenty
and easy. Mining stocks are active,
but other local securities are quiet.
Concerning the wheat trade Duns
Review says. Shipments from all sur
plus countries last week were 7,0S0.li9
bushels, against 5995639 in the proceed
ing week. and 5,iS9.Sl0 year ago. The
principal gain was In exports from the
United States, although both India and
Australia are sending out more wheat
than they did a year ago. Heavy de-
creases are seen In the movement from
Russi'ln and Argentine ports. There
was larger decrease in the American
visible supply than expected. l,7l0,0eO
bushels, which reduced the total TO
2LSlS,9OO bushels, against i6OSl,000
year ago After the sharp reaction from
top prices last Friday there was
steady advance. with evidence Of faith
In good values irrespective Of the size
Of the yiGd. To the growers in particu-
lar. but also TO the country at large
there viii be more prosperity In an am.
PIE crop this year because the heavy
requirements abroad and the lower
Yield OF corn precludes the possibility
Of any serious decline in quotations no
matter how enormous the wheat yield
may be. This appears 10 be the ati-
tude OF spectators. for the liberal re-
ceipts at the West failed TO check the
upward march OF quotations.
Last weeks reports from all countries
were 6,lSl, 1913 bushels against 1859 ,9S3
In the preceding week. and 4i6S, 0GS
year ago. The movement from this
country was very light, but Danubian
exporters are taking advantage OF the
high prices made by this country. Even
Argentina has also found 1t possible to
spare larger quantity. The crop sit
uatlon was relieved by moderate rains
at many points and also lower temper
atures. Early rumors Of the extent Of
injury were exaggerated, but Il H. sdll
possible for serious disaster. Fears
more than facts have been the prlncl-
pal causes Of price ca-7ges.
The Wood River Live Stock company
has Incorporated with $4,000 capital
stock. and will do business in Wyoming
and Idaho The directors are Abraham
o. Woodruff president, Byron Sessions
vice president. " IL Smart, treasurer;
j. c. Jensen. secretary William Me-
Evan, A. II Woodruff. Edward r.
Gwyn, James W. Webster and James
w. McHenry.
The Msgdeburg Fire Insurance Co.
the largest first insurance company in
Germany retires from the United states,
the entire United states business being
reinsured by The Springfield Fire &
Marine Insurance Co., Of Springfield
Mass
The Madgeburg will at once dscon-
tinue business in this country, II has
been here FIVE years. and has built up
o very desirable business Of nearly one
million dollars annually, the manage
ment being very popular and the COM
pany a strong one.
The Madgeburg Of New York viii go
into liquidation as a result Of the re-
tirement Of tha parent company The
loss and expense ratio OF the company
have been over 100 per cent for the past
three years, and there was no profit in
the business.
The Madgeburg has agencies in Salt
Lake and ogden.
The Milwaukee Mechanics and Mil
waukee Fire lns Co. have withdrawn
from the Union this does not affect the
attitude OF the Milwaukee Mechanics
In this state as II has been a non board
company here for over year: the
company has a paid up capital OF 1900
goo and reports a premium income from
this State OF about $4,000 for last year.
II recently lost $4,000 in the Pabst
Brewing company's fire In Milwaukee.
and during the past three years re-
ports a loss and expense ratio In the
United States Of 40 per cent for 'gS.
no per cent Ton go. and 1886 per cent
for 1900
Mr.. Z. Roger owen has Just received
the appointment OF general manager
Of the Commercial Union Assurance
company at the head Office In London
this Is one Of the strongest OF the Eng
lish companies. Mr.. owen has been
connected with the company for a num-
per OF years, The district special NJ this
held' Mt II. NJ. Merrill u Denver. is