Salt Lake Herald | 1891-03-11 | Page 1 | Failure of Dudley Hall & Co., Boston

Failure of Dudley Hal Co Boston I I BOSTON March 10The failure of Dudley Dud-ley Hal Si Co was announced today The firm which is composed of Dudley C Hall and Dudley Hall for many years carried on an extensive tea importing business and also dealt quite extensively in sugar In dorsement paper by the senior member of the firm for the accommodation of personal friends proved too much for the firm The liabilities of the firm itself are 400000 a large part of which is secured by conveyances convey-ances of real property and deposits of collateral col-lateral securities Tho firms assets consist con-sist largely of equities in real estate Other available assets of the firm consist chiefly in stock and bills receivable and amount in value to 50000 or 60000 I the assignees as-signees can secure time to dispose of their large interests in real estate held by the firm and members individually to the best advantage creditors it is thought will ultimately receive a large dividend The firm is the second largest tea house in the United States doing a business of over 1000000 a year