Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-07-30
Frederick Dorr, Who Maintained
Many Offices, Decides to
Close Up Shop.
REPRESENTED IN SALT LAKE
Supplied Private Wire Service TO
Badger Brothcrs--What Geo.
Badger Says.

San Francisco, July 3O.-Freder1ck
Dorr, broker with Offices in this city,
Los Angeles, salt Lake City, Butte,
Montana and Spokane, wash, mem
Der OF the New York stock exchange
and the Chicago board Of trade, has
telegraphed from Chicago to his local
manager to suspend business Lack
of patronage due to dull times, is the
cause given for the suspension he
maintained expensive offices in Los An
geles and this city with leased wires
connecting them with eastern cities.
Dorr wired from Chicago:
mo one has lost any money or will
am not trying to sell my member
ships in any exchange, They are abb
solutely clear and no money is being
borrowed on them"
Dorr is we'll known socially on the
Pacific coast.
OUT AT LOS ANGELES.
Los Angeles, July 30.-A telegram re-
ceived in this city today stated def
nitely that announcement OF the sus-
pension of Fred. Dorr, member of the
New York stock exchange and the
Chicago board of trade. had been made
in Wall street. The local branch of
the firm was not open for business this
morning It's private wire service hav-
ing been discontinued Monday. r, w
Berger Pasadena customer, levied
an attachment against the local branch
lot fp1fF tg1 IN ~ \
stock trade.
DoRR IN CHICAGO.
Chicago, July 3O-Frederick Dorr.
whose failure was announced to-
day, arrived here this morning. He
declared that his creditors would lose
nothing and accounted for his financial
trouble by referring TO last winter
money stringency and the ensuing dull
ness of trade. He is member of the
Chicago Board of Trade. but II is said
had no present deals OH hand
DENIES SUSPENSION
Los Angeles July So.-Maurlc
Vaughn, manager of the local branci
of Dorr, denied that the suspension
street, or that the local branch was
not doing business. He said that while
the private wire service had been dis
continued and the place was under at
tachment, the house WIS still open for
business.
LATER FROM SAN FRANCISCO.
San Francisco, July BOB. G.. Lath-
rop, manager of DORIS local branch,
i he fB1f tim.
in regard to the reported suspension
other than contained in a telegram To
him from Mr.. Dorr In Chicago, which
says.
"A combination of circumstances,
wrongfully looked upon, has injured
my credit / am sorry, but If parties
want money and viii not take prom
ises, they must give me time. / GER
tainly advise against any payments or
acceptance of funds. Send any CT
If Frederick Dorr has suspended
business there was little evidence Of
II noticed in the offices of Badger
Brothers the local representatives of
Dorr. this afternoon as the operators
were busy receiving quotations from
the eastern market centers and execut-
Ing orders for the firm.
Our business" decarled George
Badger, mas not boon effected in the
least as yet and as you see, we are still
getting private wire service. | am of
the opinion, however, that Mr.. Dorr
win quit as the days dispatches have
indicated. but that the wire service
will be continued under another man
agonent."
1t has been known To several local
brokerage firms for several days that
Dorr would retire from the field and
this II is said is what caused Jesse
Badger 10 leave suddenly for the east
during tho early part Of the week
The DorT wires were leased from
tho Western Union Telegraph company
and Badger Bros. became subscribers
10 the service about n year ago