New-York tribune., 1876-10-14
LOCAL MISCELLANY.
FOR THE LAST QUARTER.

FAILURES FOR TIE LAST QUARTER
AN INCREASE OVER TIE PRECEDING THREE MONTHS
CAUSES or TIE NEUTRALITY-SUSPICIOUS. TOR HOPE
FUENEss CoNcrRNfNG THE BUSINESS OUTLOOK.
The quarterly circular of Dun, Barlow q
Coz which has just been issued. shows that the total
number OF failures i'm the United states in the third
quarter Of t!s year was 2,i5O, with liabilities Of i7
857,37I. In this city there were 203 failures, with
liabilities OF g. lJjOOO and in this state outside OF the
city there were 313 failures. with liabilities OF $7O95-
0l4 In the first quarter Of this year there were 2,SO0
failures in the United States, with liabilities or
36i6H156; in this city there were 3l3 failures, with
liabilities OF 0513Jls and in the state outside OF this
city, 2s2 failures with Liabilities OF S6O3595s In the
second quarter there were 179l failures in the whole
country with liabilities OF sl3 III 273; in this city, 129
fIilurcs with liabilities OF S92j3,ll2, and In the state
outside OF tho city, 1GS failures, with liabilities OF
- 266413. The totals Tor the first nine months OF
1876 follows: For the country 7'O5O failures,
with liabilities Of S15G272 sO0for this city 6i5 ialures
with liabilities Of S2692l $50; for the State outside OF
the city, 763 failures with Liabilities Of Sl63Ss293
The totals for the first nine months Of 1875 For tho
country 535i failures, with liabilities Of Sl3ll725O3
for this city SO failures, With liabilities OF S3l.6963j3
for the State outside of tne city, 47G failures with
liabilities of SS,47l,Sj7 Among the comments made IN
the circular upon the figures given are the following;
It Will create surprise and some Disappointment to
learn from the above figures that the failures for tie
third quarter, amounting in number 10 2,43O, show an
hoped that the marked decline IN the second quarter as
cOmuarcd with the first three months would be 10 lowed
by similar reduction m the number FOR the thId quar-
rri hut INA, was tAPtc,lu- p.IHp' ',o @ - 5iJ ~
pr0vcmcut i'm business hereinafter referred TO- uu not
aud even then too restricted 10 materially nhdcmce
the affairs of those in au embarrassed position lhe
the third quarter OF the year. shows considerable u
crease m proportion To- tho number OF failures reported
been ISL involving au iudcDteducs7 Of S3jS 100000
shovin liability Tor each failure OF S24 23j,
lfs i
] ~" ~ i, ti Wt'nt of some zoo above tne averaeo
the average Indebtedness Of each 0f these failures has
been 5000 less IN the present tlln Iof c seven
quarters. M,tuting comparison Ol the thlee mouths
closed with the same quarter last year sniiar con
tbe r ,irtir while tbe average liabilities are SO 900
for each failure against $4,000 each tr te thld quar-
t - iir ilIf faji,ir,s ire iunr. numerous
among le smaller class of trader, and fewer large Dis
nave be,n rinay lcss,nrd and indeblednes reduced,
there certainly less lost by Dad debts III proportion
% Tho number vino su.CuuD.
Cou,uaf. he nine months elapsed OF $50 with The
same period n 1873, the comparison Is not very chei-
ug The figures snow nm increase OF failures lh humoci
of TlG. and 20 grow Oh iu Liabilities OF over r-JOJO0OO
But nc indications marked that an improved cOnd-
t0u of trade generally prevails II i7 unueudDe Indt i
several col the great staples OF business there increased
activity with improvement u values sufficient TO en-
courage the hope OF profit Consequent upon these lph-
cations there Us every where apparent decided increase
u confidence 10 is very certain that an the conditions
tasora very considerable movement IA LO-c branches
ot trade bipd upon tH, necessities OF tne people, an'l
c-pcraI.y Boo tuos. ARTICLES which they eat. drink and
wear me tUcas OF these articles IA tine hnds ol those
nearest tlt consumer had been reduced % "a mhhDn'
NOT only because of lcs-enrd demand dud rcet.lccd
purchasing power but because OF such scudy decline
iu prices hold many goods was the su,J HJ 10
lls. money Prices bad reached point az Wuth p!o-
ductun was pruuTcs- resulting IN lcasened quthl'ueo
produced. bul tus reaction hds begun.
TUpr. Is only good deal % SHOW we are naatcfH
prosperous cond ou, buJ there are mlny plons ti e
Itnst4tur urptcs u- NOT p Oduttu general tAias-
tom Iuc htulths constitution OF tHc tUinm,fcii oib-
Iitou remains ump ana 90 con Wen GHold 20 "alt
for tAo iu ,ut Of tire better promise thdt hD" uaN7'
Tho vast majority of merchants and lnauuacIutI0'
though they suffered heavily, have sustained them
-r.,e- iu -ptc OF altered conditions al business, ud
the general -alIa.lJn ut Trade. Tbs power oI resisting
the continued u35 eu tnc hopeful feature oI IAc
past, ds D. how OF u.c turr, when there are ld-t-
tons Oi Improvement. ~. .lAumc, notwithstanding t-t
rrycrscs OF those u trade, c great bulk ot potbce5 h
agricultural regions have IrJrl cred. IuIs Nd-t b"a1t
4pua N.,.r prosperity must De- based ttt Ut al others
mn t.i. country have utcu ptUuIly AyUIo1. Good
c,op, b.uuE good Uuc,, cheap -hts, reduced cost
of ilnur alI lower prices isr aI supplies, ia't largely
Increased t..r puitHI mas power, ANA placed 'LeA d
position culuuIrluFcy independent OF the adverse cl-
.am-,aut.. l.tyalI., DOB other vi.,ets.
Ittsr.lIucuut tu.I tC gloom WutA lervuuc7 the CONF
crcl uuiIkou OF tr I-t uI TIE oi.d hs NOT o been
more .i-U.tlJu5 and Dc-lulUNc Oi confluence aotgMt
rau u tails ruuuuy but tat tuc signs o vdiiy, ana or
a. turu A.atuy trade, seem iIr mole distant th'H
uc... LAUrutus France auu be -luu, almost lh every
u. pr ,.u...I,l country tc failures nave htt puc -7
numerous proportion Co tine number vh-A-'d i 'Ha'-
i-- "a, Iu l.t tUi,l I.r- Lut m au.itlu u u tIs, .he
I..Is -.IUI- tAtCli Ul to4tNr JAZZ tAttt--
l... lu u4.- l.Julo t4usc lu iIIs county,