The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-04-05
FEWER FAILURES
THAN last YEAR
Smaller in Number and Liability
Loss-The Figures for
the South.
Especial il The Tliles-Dispatch.)

#|8aE Especial [ o Inc IlncS-Dlspltcll.)l35 ~
NEW YORK, April 4.-Commercial in
solveneies in the United States during the
first quarter Of 1906. as reported by Il y.
Dun 6 Co., were 312 lin number Win
assets OF $l7,13S,O S4 and liabilities Of SOD,
7Gl,lU7, compared with 3,44S failures y, 49,,
when there were assets OF Sl7,573,643 anu
liabilities OF $50. 1G2 sos. Manufacturing de-
faults were co. In number and $l3B2.l7l
in amount, against nc last year for Sill
GAG, COL Trading failures numbered 2,S16
with liabilities OF sl4.O4S422, against 2,o75
failures for SIG, 3l6. 1916 In 1905. Other COM
imercial failures numbered Oh and Involved
sc, 1914, whereas In 1905 the 90 failures
in this class embraced liabilities OF only
satisfactory comparison with the corre-
spending three months last year, 13 fall
3ures for 1890, 094, being only about half
the % suspensions for $2,7g7,aU n year ago,
In many respects the commercial death
rate thus far this year gives further tes-
timony to the prosperous condition OF. tla
nations industries, as is also indicated ~
statistics Of banking exchanges, railway
earnings and other well known standards
OF measurement. Fewer failures occurred
In tho first quarter OF 1906 than sine
corresponding three months o. any year
since 1900, and the amount Involved was
less than in most recent years, although
about 10 per cent. grenter nan ~ lsUo.
Moreover the increase In liabilities over
tho amount recorded last year was not IN
Strictly commercial &C occupations, but was
provided by the miscellaneous class, which
embraces real estate, insurance. brokerage
and commission branches of business IN
which speculative operations frequently
provide large disasters that are not repre-
sentative OF the Legitimate business sit
,lation,
In the South.
AZ. tho South liabilities were about.
SO, 600, 00G larger than In tho correspond
ing three months last year, the Increase
beng located In tho States of Maryland
and Delaware, and In tho third class OF
failures, including real estate BROKERAGE,
etc. Manufacturing losses for the sec-e
tion We're about sl,o00.000 greater than
last year, but this was offset by de-.
crease OF the Same amount III the trading
class. One large failure III the Iron in-ii
dllstry in Alabama accounted for the,
heavy increase In liabilities for that
State, and there were no other striking
changes IN this section. except tho two
already mentioned III Maryland and Del
aware. OF which speculative building
company at baltimore and EaTbrokerase
concern ut Wilmington provided the en-
tlrestincreases over last years liabilities
lJeSplI0N lUtH lIlCltdSoil ltl uHluWlN AHNSANSS'i
for tho entire section, there WAS a de-
crcnse In number Of failures Of 12s, nl-i
most every State making u good showing
In this respect, In the three Southwest
ern States there was an increase OF about
ton per cent In amount af liabilities, for
which Missouri was entirely responsible,
rs Arkansas and Texas both recorded
smaller liabilities than last year. a single
shoe manufacturing concern In ST. Louis
provided larger liabilities than the en-
tire amount Of increase. in the State OF
Missouri, Indicating that there was I'm
proyement in other respects. This, point
is emphasized by the decrease of twenty
nine fnilurestn number, and both OF the
other States In the Southwestern section
also recorded fewer lnsolyencles than last
year. IS
Figures BY States.
The number Of fallur1i by States ~
the South for the first quarter THIS year
o,a 4 OnK and III, abilities both wears, are