New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-16
InPROVEMENT IN TRADE.

FEWER FAILURES AND LESS LIABILITIES.
FIGURES PROM THE sEMI-ANNUAL CIRCULAR or H..
G. Dun Co.-REAsONs FOR A FAVORABLE
VIEW OF The CONDITION AND PROSPECTS OF
BUSINESS.
The semi-annual circular Of the Mercantile
Agency Of Il. G.. Dun d Co. has been issued, SHOWING
that for the first six months 1879 the failures III inc
United States O5s iu number, against 5.S2o Tor
The first six months Of 1873 The liabilities, IN the same
period OF this year. were only SG5,O000O0 against
$4,000 900 FOR the first six months of last year The
difference in favor Of 1879 is, therefore, that there have
been nearly 1000 $500 less iaiureswhe The liabilities
show decrease Of sos, O00-One-baf OF what
they were in the first six months of 1873 There has
been marked reduction in the average Indebtedness
Of each failure Upon the facts as revealed by these &
urcs, r. G. Dun & CO. remark:
To show how completely reversed Is the condition Of
trade 50 far as indicated by these statistics as con-
pared with last wear, quote sentence contained IN
the iI1rcs Of fSc frs 6Slf Of ISIS: "rhese dsres
Of increase in failures ana liabilities arc OF very grave
import for never before in an equal period In the Ms
tory Of the country business msfOrtuDes been so
numerous aggregate an amount OF loss by bad debts
gloomy icnre II il Onr treat Good fortune 10 say that
never before IN our experience IN the compilation oil
these statistics, has the decrease in mercantile casual
tts oeeh 50 marker IN no previous per 90 ns Ih@ COZ.
paison o losses by bad debts been favorable as al
Lhc present hour.
Tie indications are numerous every hand OF an i'm
cant than the decrease il failures. Aside from the di
rect losses of large through misfortunes of this
character the amount locked mp in estates awaiting adj
Justine Mt Is most serious Withdrawal from active
tal. But greater than TINS il the effect the
confidence essential To business pursuits Numerous
tures rcard business ventures in greater ratio than
Otner single circumstances while the probability Of
lesseDed disasters beges iuth in the future aud this
feeling Of safety contributes almost much an IL
ceuuve to transactions the hope OF gain. The de-
cline IN values. and the absence OF TemunoratVe profits
experience II bra lche~ OF business curing the last
two years. served ~ intensity The anxiety always felt
when losses by failures frequent, probable;
but tBat the figures above submitted reveal such
marked improvement, compared with the losses
chromclcd in previous by btd debts, another ee
ment Is died 10 the growing confidence already mani
Testing Itself especially when taken IN connection with
the present steadueSs in Erces, improvement IL values
Of many staples, and tie evident growth IN the volume
Of business.
The failures for the second quarter of the present year
were j3i In number, and S22,OOO,OO0 in amount Of
Liabilities. These figure are notably less than in any
single quarter last five years As compared with
the second quarter OF 1878. the difference favor OF the
last three months is marked, indicating decrease
81 over 800 failures ~ that period with decline IN liza
Dihucs OF 92G 100000 in the quarter
The following table shows tie failures IN each second
quarter since 1876, also the failures for the first
months Of cdcH year since at date, together with the
average liabilities Tor the quarterly periods: