Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-10-06
BUSINESS OUTLOOK
STILL FRIGHTENING
Less Failures in Third Quarter Of
1899 than Any Recent Record.
REDUCTION OF LIABILITIES
southern States Especially show Im-
proNemcnt Pennsylvania has
a Hammer RECORD.

Now York. oct. G.-nrads,rccts To-
! morrow will say: Statistics % failures
| point Co continued trade improvement,
and 60 stii ebblng tide OF business
mortality Failure reports Tor thr nrat
/ ANA second quarters Of the year lcft
little TO b. desired, showing aa they
ala Tower failures than In any but thr
most favored years. aud liabilities the
smallest Tor nt least seventeen years.
Returns by months showed failures ami
liabilities In June only about half what
they were IN January. indicating that
failures were well down 90 the mini
! There were only 2.u2l failures, inyuly-
| binary business iif1 was considered.
Tho present report uf business fall
| uft1 ~, however, even better than any
| that has gone before % ln recent years,
| ana tho third quarter NJ the year 1893.
| appropriately enough, shows the fDyrat
/ failures the smallest liabilities and the
smallest proportion uf assets To lluhlll-
ties of which there DO any recent rrc-
/ ord. A indicative of this good showing
| being representative uf existing Dludl.
/ tons, 10 De- CO. bv remarked that failures
and liabilities alike found their MIME
mum this year In September. and curru.
.pnhdlnr totals ~ previous yvBrs show
that the month Just closed comes near
To- " not actually. possessing tho rycurI
or the smallest business emhlrrarH-
mguts and liabilities.
THERE were only aulG failures. luVuIv-
INK tlbbio.pei ln liabilities aud GG3lO.gsG
lu Assets. bon the third quarter OF iss9
% decrease uf 10 per cent In number and
~ a. per cent iu liabilities from the
tlmg quarter uf last year, which. u o.
hardly necessary Co add. was % vnry
good one Tor business gyncrnuy. Gone
UNHHI With tho HH#HFHI ..H
liabilities uru rs ger cent smaller and
compared with the frFt three months of
this year liabilities are lees than half
uH heavy. This tendency d. practically
universal though a slight Increase In
number and liabilities uf failures DO the
West over those In the second quarter
iH noticeable, Against this. however. u
Do 10 d. recalled that comparisons With
a year ago are Hati1flHI. though
business conditions Tact Tie
West and Northwest wlf. l,ur-
able, Perhaps the mo-. Toy
showing ~ an ~ that ths
southern States, which have It "sf. APP
paNutly. begun 90 share in the prosper
ny earlier noted Ia other sections uf the
country. COMBINATION u reports from
time 10 time ~ Improving Southern
trade conditions, partly uf course the
result % bCttur cotton prices. iH found
IN current failure returns. Growth In
population and consequently In the
NIH
~ responsible Tor the Increased num-
Der Of failures throughout the Tcrritor-
les.
The total number Of failures Tor tho
nine months was only 3.O75, "a falling on
of 20 per cont from last year. of 2s per
cent from 1891. ana 81 por cent from
1896 which year held the record for the
most numerous nine months failures,
exceeding even the panic year 1898. As
regards liabilities The total for the per-
tod under rrvlcw-9Gj.s ,2ts-is 20 per
cent smaller than II was last year. a.
per cent smaller than 1897 81 per cent
smaller than iu 1896. No per cent smaller
than ln 1893. the panic year. 10 per cent
smaller than in 1899. ana Ia fact, D. the
smallest aggregate uf liabilities Tor the
period mentioned that there IL any roe
ord of. Assets show even greater
ahrlnkagc. being ~ per cent less than
last year. less than half what they were
IN 1891, 1895 or 1894. only uuo-thlrd of
those of 1896 and only ono soycnth of
what they were Ia 1893. II a. not |
strange, therefore. 90 ma that the per-
ccntaHo ~ assets 90 liabilities 10 only |
~ per cent this year against % las, |
year. % In 1897. o. In 1916 and 20 Ia 1891 |
Detailed reports show that In only one |
group, that " tho Territories. ls there |
an incfNaHC shown IN the number ~ |
failures me- compared the nino months OF |
last year, and growth OF tho section In |
VOWED rather than the presence of I'M |
favorable conditions IL probably rcspon- |
sihlp Tor the Increase which has Indeed l
run through every quarter Of the year. |
This Wow N also confirmed by the rcla- |
lively trhlnE gain In liabilities shown. |
A. rcguris the latter particular, Il i
might BE- said that with tho slight oN- /
coption noted In the case NJ the Terri
tories. the liabilities Of every other /
group N States have decreased, tho
heaviest falling on being IN the Middle /
States group, the liabilities In which arr
less than half what they were year
ago. Decreases In the West and IN the
Eastern States uro also notable. Fur
Their west the decreases m liabilities are
less notable. partly because ~ compau-
sons h,lng made with exceptionally ~
vurahlo conditions year ago. ana part
ly, also, because the growth Of those
sections ln population and. therefore. ia
the number NJ traders, favor Increases
rather than decreases in Liabilities, other
conditions being equal one NJ tho best /
shnWinEH made by any state iH that
noted iu Pennsylvania, whore IN" linhil-
tiles show "a decrease of 81 per cent from
year ago. The drop ln Sew York, too. |
Or over 90 per cent, Among large States
making favorable comparisons might b.
mentioned Massachusetts, IN which the
liabilities ar" 10 per cent Hmullcri ohio
IN which they are nearly 90 per cent
less, and Illinois. Ion which they uro 20
rcr cont smaller. Missouri. Iowa. Mich
igau and Georgia also show largely re-
duced liabilities 4 notable exception
10 the much better showing generally
reported hy the Southern States, a. fur
nishtd by MiraiEsippi and Louisiana. In
which considerable gains To- liabilities
and lu number Of failures are reported.
Other States showing increased llhhIli-
tlcH nrc California New llumpshl'r,
New Jersey Indiana, ana several uf the
Territories.
canadian failures Tor the month num-
her 90. uggfcgatinE S95i5.9ii I'M liahlli-
tlrs. decrease uf 10 per cent ln NUM-
her. but gain M 70 per cent IN llablll-
ties from last year
American Jockeys In H.
London, oct. G--Amorican Jockeys
rode lhrec horses 90 victory nc kemptoi
park today. H. Rplf had the mount on
Youscf. which won tho race, Feather
platc. Chevilon ridden by Sloan. wns
second. aa was also hlH mount FOR the
Imperial Plate Democrat j. ~. Mar
Tin rode 81. la and Tarolntn, which /
won the october plate ami the Middle
sex plate. respectively Slonn'H mishup
prevented him from riding Lathe.on
wheel for the Richmond plate.