The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1898-11-27

900, a hide dealer for $155O 600 and two
lumber and toWage concerns at Duluth
for 1856, 000 All the Pacific states and
territories except Washington show de
crease, California nearly so per cent.
and that section shows about as much
decrease. Pacific trade being apparently
healthy.
Concerning failures in October. the
report is as follows:
The especial feature of The failure4re-
turns for October is the remarkable
and almost startling increase in large
failures Those for 100000 or more
numbered eighteen, and their aggre-
gate liabilities amounted to 1901 sos.
No previous October since 1898 has wit
messed large failures of equal magni-
tude, nor fairly approaching that
amount
But for the large failures the returns
Ior the month would have compared
well, as those of other recent months
with the record for previous years. and
lC IS matter of especial Significance
| that the few large failures have not
| this year been accompanied. as almost
always occurs by q crowd of smaller
and apparently consequent disasters.
! rms calls attention to the fact that
! the great failures We're of comparative
| ~ Few classes, and in the main We're
! obviously due to causes not sfP9ehhg
/ general business In the same branches
! as much, If at all There were four
IalIufes TINS year for $1,000, 900 or more
against none last year. one in dry
goods IN 1895, two in manufacturing.
| ana ana one III brokerage in 1895. none IN
1874 and one in manufacturing and
one in brokerage il 1898.
The largest this year in manufact,tr-
Ing was the failure Of the Sawyer
| WOODEN mills, connected with the lare
Z n hot
yer IN WOODEN goods and with the Fail
ufe or the Plymouth mill for $3.50. fTJg
the three connected concerns accom-
! IhS Tor S3,O5O, 600, or over a third of tEa
aggregate Liabilities in large failures
but the failure Of these concerns can
py NOBODY be attributed to any events
u me past or previous year 1t re-
sults from earlier conditions.
Next i'll magnitude is the failure If ~
attorney at Chicago for 81. $50 O0o ana
an Iowa mining company for 81 Ice 9a0
! Iuese AVe, which are viftuallva fIsia..
Iteilufes' represent s., 450 900. or so per
cent or the large failures. and with p
| real estate concefl in Chicago faa. 45fag
| 700 are distinctly due TO causes -
/ business. "a
There We're three failures in machin.
cry one for S35000O at Dover. possibly
| resulting from the Sawyer colIapsa one
az Bunalo, for $250,000 in the manufac-
lure or mfllstones, mill machinery and
/ Rlce automatic engines and one in en-
Slnes at Detroit for $100, 600
There have been more failures this
year than usual in machinery, in amount
more THAN in any previous year, and
IL may be that competition between
many new concerns, or in a great va
riety of new devices, has become too
sharp.
The failure Of d tanning plant at Ale
ghany and betting concern at Chi
cago are not connected with general
conditions in the leather business. as
the very satisfactory record for the pre-
Vious quarter and most of the year has
shown. The remaining large failures
in manufactures were of one builder in
Boston, one paper concern here, one
gas works at Council Bluffs, and one
| brewery at Worcester. The remaining
trading failures are one in leather at
Boston, and one in boots and shoes at
Pittsburg, with one at Pittsburg In
carpets.
That the leather and boot and shoe
| industry have been somewhat embar-
raised by the want of harmony in
prices, and the continued struggle to
adjust them, while hides are being held
unusually high at the west, is undoubt-
eddy true, and trading failures in those
branches have for some months been
rather large.