The morning call., 1892-10-03
Business Interests Of the Country
More Prosperous.
COMPARISONS MADE WITH FORMER YEARS
Bradsirect's Makes the Best Report for the Past Ten
YsTs-Large Decrease in The Amount Of
the Liabilities.
Special to THE MORNING CALL

New YORK. Oct. 2.-Bradstreet's viii
saw tomorrow as follows; During the past
nine months the business failures in the
United States - South Dakota excluded
owing to the State law practically prohibit
ing the collection of statistical informa-
tion-which have been strictly mercantile
or industrial in character, not emitting those
of banking institutions, but eliminating
carefully these of all other descriptions,
have aggregated 1878. This total does
not vary materially from like total
for the nine months of 1888, and which is
smaller than the total number of business
failures throughout The country during the
nine menths of any preceding year since
1883. with the exception of 1887. when the
total was 695S, and 1883 when the aggregate
was 1885,
AS compared with the nine months Of
1891 the reduction in the total number of
business failures is 1923. or II per cent, and
as compared with like portion of 1890, the
falling away is 200 or less than 3 per cent
For the nine months the aggregate liabili-
ties are S76,97l, COO, decrease OF fully
SCI, 900, 600 as compared with 1891, drop or
A per cent aud of Si5.500.0f0 as contrasted
with the aggregate liabilities in 1890. de-
crease of IL per cent The aggregate debts
OF those who have failed since January !,
1892, are nearly 6ne-half smaller than IN a
like period last year, and almost one-sixth
smaller than in the year before that
In the New England States there nave
been ninety-four fewer failures and de-
crease in the aggregate debts of those who
have failed amounting 10 about $1,000, 600,
or 81 per cent. In New York, New Jersey,
PENNSYLVANIA aud Delaware, ciaSsed as the
Middle States, the decrease IN tile number
of failures for the nine months has been
,,rhf hn liahfiifias no n q
creased more than 30 per cent In Ohio,
Indiana. Illinois, Missouri, Michigan, Kan
sas. Kentucky and Colorado the number of
failures has been cut down $40. or more
than % per cent, while the aggregate liabili-
ties OF nearly $50, 100000 one year ago have
been literally cut in two during the past
nine months.
Ia Wisconsin, Minnesota, Iowa, Nebraska,
North Dakota, Montana and Wyoming the
decrease in the number of failures this year
Is 2S7, or % per cent, also; bat the decrease
in the total Indebtedness OF the falling
traders is less conspicuous, being 81 q per
cent, i'm part owing 10 the relatively more
rapid growth in the business community
there.
The Southern States, the District of Co.
lumbia included, report 245 fewer failures
in 1892 total Of nearly Is per cent smaller,
while the aggregate liabilities have dropped
from nearly SIS 100000 to little in excess
of S1I.O0Q000
On The Pacific Coast there has been a good
decrease in tile number of failures. but ths
grand total of the liabilities. while nOmi-
nally smaller than for the nine months of
last year. does not vary much. Three large
failures in California will more thar ac-
count for the increased liabilities this year,
while one lumber failure in Oregon will
more than account for the increase in LA
blities reported from that State. In Wash
ington there appears a substantial reduction
Of the total debts of those who have failed
The number of failures on the Pacific
Coast according to Bradstreet's was 725
against S54 last year. The assets this yeaI
were s., SOC, co., while last year they were
s.. 500, 600. The liabilities this year were
So, 100, 900. In California In 1891 there were
527 failures, with assets of 81, 407, 4S6 and
liabilities 81, 6S1, 1898. This wear the failures
were AGO. with assets of 81. 407, 4S6 and liza.
biities s. 969 OF.