About three-quarters of the plant of Alexander B. Clark, a sprinklered sheepskin tannery and glove factory at Peabody, Mass., was recently destroyed by fire, while the adjacent plant of the National Calfskin company was damaged to the extent of about 5 per cent., the total property loss being estimated at between $350,000 and $400,000 and fully covered by insurance.
The tendency of sprinklered rates in Chicago is still steadily downwards. The new formula for writing eqttiped risks, adopted in that city last year and making a material reduction on the better class of property, was limited to plants outside the downtown district. This limitation was removed on April 30, after which the lower schedule will be in force on all sprinklered properties with not more than three manufacturing tenants.
During the present month Chicago has suffered three heavy losses from fires in sprinklered buildings. Within the week ending October 17 there were burned the sprinklered Jenkins lumber plant at Blaine, Wash., with a total loss to insurance of $210,000; a sprinklered mill, belonging to the Rock Island Lumber company at Rock Island being burned on October 16, also with a total loss, besides the heavy damage to the sprinklered “A” mill of the Northwestern Consolidated Mining company at Minneapolis on the same day.