Connecticut western news., 1878-01-24
THE FINANCIAL SITUATION.
The Failures in the United States and Cal
 ada for the Last Year.

ada for the Last Year.
 Messrs. Dun, Barlow & Co.,, of the commercial agency, in their report of the failures for the past year, say that the failures in the United States for the year 1877 are 8, ,872 in number, being 220 less than in 1876, ip which year there were 6, 9,092: The total liabilities for 1877 are stated at $190, ,669, ,000, as against $191, 117 1000 in 1876, or barely half million of dollars less. For the three quarters ending with September last, the number of failures had lessened to 495, with decline of liabilities of $4, 320, ,00O, as compared with similar period in 1876, but the causalties of the last quar- ter have been so numerous and impor- tant, that the ratio of improvement for the first nine months has not been sus- tained. So frequent of late nave been the announcement of suspensions, and so much has occurred within the last few months to impair confidence, that it is all the more gratifying to know that the | figures for the whole year do show de- creased number of disasters, with losses somewhat less. The agency, however, says "But it IS & pregnant fact, illus trative of the general condition, that the failures of the past year approach so nearly those of the year preceding,
 which were deemed very excessive, and
 that the failures are really above the average of the four years since the panic of 1873. Time does not seem to improve
 these statistics with the same rapidity
 that it did subsequent to the panic of
 1857 or 1861, for in the four years suc-
 ceeding these dates, the number of fail
 ures and the amount of liabilities stead
 lily diminished, the average rapidly de-
 clining, while this, the fourth year since
 thepanicof 1878, largely increases the ave-
 rage" This is illustrated by the figures in
 detail for the periods referred to, and the
 comparisons thus instituted Is made
 specially interesting as grouping the few
 years preceding the panic of 1878 opposite
 the four years succeeding it. The average
 number of failures for tho four yearl
 prior to and including 1873 was 3,929
 while for the four years ending with 1877 the yearly average number is 7,SS3. II 1871, for instance, the failures were onl,
 one to every 162 traders, while in 1877 the ratio is one in every 73. Tho averag
 total yearly liabilities prior to and in cluuing 1873 were 130 millions of dollars
 the yearly average for the four year , subsequent is 1S4 millions. The number of persons in business i , the Eastern States is v, ,724. The fail ures for 1877 were 1858, or one in ever
 5S, and the average liabilities $19, ,291. In the Middle States the number i 5 business is PA, 707. The failures wer B 3,049, or one in every B, with averag B liabilities of $25,311. Q In the Southern States the number
 business is 91.783, and the failures ' 1877 were 1,07S, or one in every 85, wit 8 average liabilities of $16,022.
 j, In the Western States the number r business is 231, ,457. The failures d 1877 were 2, 756, or one in every S4, wit
 average liabilities of $20,3S7.
 In the Pacific States and Territorie : the number in business Is 26, 235. Tt s failures Ill 1877 were 636, or one in e' l. cry Al, with average liabilities amour o ing to $21, 1882. The total number (
 persons in business in the United State
 is 652, 2,006. The total number of failure ? in 1877 were 9.972, or an average of or 6 in every 73, with average liabilitit s amounting to $21 ,471.
 if In Canada the total number of persor !. in business is 56,324. The failures O 1877 were l, 1892, or one in every 30, wit average liabilities amounting to $13, 49 With regard to the results of the yet IS and the general condition of bushes d Dun, Barlow X Go. say that the expe e tations that were formed of the probab
 volume and profitablepess of the trac n of the country have only been partial . ;. fulfilled, yet in many respects substal u tial progress toward recovery has bee J. made. A year of great production ] If agricultural sections, such as the last hi d been, cannot be without most benefici V effect, and the prosperity of the countr .. portions of West and South are plainl
 demonstrated in the figures of failure e above presented. The product of pr' 'f cious metals is fully maintained, an
 though Iron, coal and lumber interest S still languish, petroleum, grain, cotto f and tobacco, and other farm produo "A have added largely to the nations wealth ,. visible increase in the employment ( s labor is noticeable in important sectiou }, and the manufacturing industries hay h in some degree improved, both for hon g and foreign markets. There are, there . fore, signs of improvement developing it is true, slowly but steadily, bett' ' condition.
 Il BAKED DuURKEY.-When cleaned, stutft