The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-03-08
FEBRUARY FAILURES.

SLIGHT Increase Due Mainly 10 Mis-
fortunes at the South
Commorclal in.olrcucics IN February. a..
|Hrding to reports 10 L. 6. Dun < Co.. wore
lo4 In number with an aggregate indebted.
PISS Of Sll3o2,o29. X the same month
rs year thorc were 1924 defaults, amount
hg to Sli2s72il The moderate increase
number was mainly due 10 mlsfortunc}
~ the South, where bankruptcies were
nmerous In general stores, although the
Rnount n money involved was not large.
manufacturing failures during February
|xere Us In numbcr and SI.91l.U5 IN
efouni' compared with 2l2 last year for
7'oJS al. Trading insolvcucles numbered
F' and aggregated Si,737.59l. against 757
W year owing S4444.s13 OF other com
@efclal disasters there We're sixty-siX N
Nihs Sldi9,523 compared with nifty i've
February, 1901, aggrcgatlng S2.4ia, 5a7.
tnS division showed material decrcas
liabilities as compared with last year :
NSses' In the class covering banks, trust
Rmpanles and other fduciary institutions
H. COMPARISON is siill more satisfactory,
Tx tuIce laiiurCS being reported duriu5
|a5,h uaIy involving Int SiiJ.OOo. compared
T nv seven last yenr for S432, 49,
Anc second month of the wear shows "a
49, striking Improvement AS cou,parcu
Ia ~ January. While this Is In part due
TX ~ usual Increase In failures at inc turu
III ~ ~ year, there Is also evidence Of bette.
|sdus,,Iunns IN many branches of trade aud
~, 'l' anu even atthc South and South
|dsnraN i'cI' business WAS most severe q
|Fs,ssca by unsatisfactory agricultural
49, ,ast year there Is seen tendency
.f,foront v,ll'I innings, Collections are NOR
|1ttsrsS,sn1 liner" IS less effort TO sccur.
IN tsuSlnnS. Higher prices for rOttou huvi
Ia some influence, while tho diversiHratioa
.efns1tfIW5lry Is working Il permancui good
|m tks lu new manufacturing lines ana
~ production of oil and iron
|tSes III, ing me fourteen commercial fail
In mltn liabilities Of SistuOp or more
|i!Fa rui'iilnlng ngures give a more instru
In r.,,A' OF months losses i'm compari
.v,ars IN ne corresponding month IN earii.l
IA he, manufacturing there were nine
La IN u.'lt,,gt iallIreS. aggreGatiuE SLSD,
.r<s ~ liabilities, which was loss than IN,
- sponding figures for most praccdip,
|Ectn me average Of the smaller maua
|@feSe5 failures was Sl3.GOi which eN
.rfevir, ne He tebruary average for all of tn
|faat cas- e .Et years, except 1898. and -
IA tr,atr me difference was only S1S4 A.
|btttsra plng defaults the showing Is mucl
|afnon.'.s we average Of small failurc
In a. s.hS 70 Sljli. which is smaller thu
|LArger me preceding years. and but iltl
real failures during The mnntj, thcr
|,acb nourtren with liabilities Of SlOOO
|r{fnainI,n more aggresating S2.7O7, lO9 IN,
III ~ u- hFD dcfaultS averaged S1-S
~, which was slightly larger than IN ~
III iSai eg.rstnlhg years ana trihc less thar
|tises Ihe difference was small IN mos
.tsdin. iuie only one February ~ the pro
h. eight reported smaller total o
|ef hn,ilHlnatloF OF the returns by branche
|tkcnnstes shows that FIVE ~ the fourier
hi br,,'rnS suffered smaller losses durin
|the lnr,s Ian IN the same month last year
|kSno,,r Nv cement In the miscellaneous elias
In eTni.Is 70 oyer million dollars IN
|ltaeiIp'' 1 ,nn y the insolvency Of q con
|zfo ,,nasI-.<t(2 for 81, 10000. There va
,ntns mt az, liquors and alass. tn
|45r.s = lnQsase was IN machinery. whpr
|f4ctpriSse defaults occurred ear man
|ttd company. an automobile conipai
'se'Il,s. motor company. aegreraling over
|kiInya uuliaIs 10 liabilities A large shodd
explained most Of the losses in tn