The Morning herald., 1875-10-23
The Business Failurss During 1875

,...' ts,.,.
The Business Failures During 1875.
New YORK, oct., 22.-Dunn, Barlow, &
Co.'S Mercantile Agency have issued state
ment of business failures thus far In 1875.
Total failures III the United States for the
past nine months, 1884; total liabilities,
$1S1, ,172,5 ,5o3. The greatest number have
occurred within the last three months in
volving liabilities estimated at s54ysSs, ,as7.
Failures in New York State, except New
York city, during past nine months, 478,
liabilities, s,474,s57; failures in New York
city, 54e; liabilities, r$s1, ,6s6, $50. Califor-
mia, 9 1876; liabilities, "a, ,134,111. Connect
cut, Ia; liabilities, q, ,8es, 500. Georgia, lag
liabilities ,31s AGO. Illinois, e77 liabilities,
$e,o13, ,97o. Ind, 28e; liabilities, ,$s, 1854, ,o19
H., 1sl liabilities, u ,o14.so5. KY, r1os /;
liabilities, s2,5s2.3oO. Nd, s. f; liabilities,
$9, s.oes. Macs, 5e4 liabilities, 81, $685.
ssl!. Mich, ne; liabilities s2,4so. .e52,
Minn,, 100 !; liabilities, sises, 200. Miss,
A5 liabilities, '$s, 795,s7s: Mass, II;
abilities, II ,S0410S. Ohio, $50 liabilities;
$466Ss. .s33..' Penns., 40 :; liabilities, $1s,-
o19. 1888. s. Carolina, 11o'; liabilities, g..
5s4, ,5lS. Texas, 1913 liabilities, 81, ,s7o, ,ss9,
Va. and West w., 30; liabilities 81, ,4s0.-
81. Wis, 1893 !; $1,523,0s7. a..g pr'n
The remaining States show much. smaller
proportion. Failures IN Canada for the
same period have been 1 500; liabilities, s21.
Oil .54. "n.! 1.HH'H '"' =, ''' 81
A comparison Of failures in the United States
for the past nine months with the same per-
lod in former years, gives the following re-
sult 1872, failures $3.50, liabilities, 90, ,ooo,-
300; 1878, failures, s;Ss7y liabilities, III,
ooe,O 900; 1874, failures, 1911, liabilities,
l16, 900, 900; 1875, failures, 1894; liabili- |
tiles, 131 900, 900, showing an excess over
he average Of the fist nine months during |
he past four years OF LIZA failures in New.
York, city failures during the nine months
exceed those of the same period last year by
,S, with an excess Of s9, 900, 900, the result
n New York City is not considered start
ing. There were several heavy failures
his year in this city which account forthe
Increase in liabilities. The increased num-
yer of failures, however, not only I'M New
Fork, but in numerous sections Of the
ountry, is an important Indication of the
pressure Of the times, and, if not accounted
or, may create apprehension as to the fu-
ure. These failures were largely the result
# previous misfortunes with which the
rade of the past three months Is not charge
Ible, many of them are effects Of the panic
4 1873. The increase in liabilities 10 trace
blelto an attempt on the, part of some Of
he heaviest houses to float themselves
long BY Increasing their obliga-
ions in hopes Of revival Of business. A
eview of the whole situation shows many in
ications OF returning health and vigor.
air trade has been done 1T almost an job |
ing centres in anticipation Of movement IN
rops and currency. The results Iof. autumn +
rade are, encouragingJ IN thesmain, there is
ertainly, an improved aspect, compared
,ith the same period lsat, year, Tho return
. prosperity - allow, but sure. The propor-
lon Of failures In Canada has been 80 peR
900 willie IN the United States IL has only
een 9 per 1000.
Epizootie 10 prevailing in a mild form IN