Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-07-17
ARE FEVER.
Record For 1906 Thus Far Is
Better Than That of Same
Period in 1905
WERE LESS FACTORY FAILURES
Industry Apparently on surer and
Safer Basis-Defaulted Indebtedness
Seems to Have Been Larger in the
New England states-Bankins Fail
ures Are Few.

iNSW G''S'S~
ures Are Few.
New York. July 17-Commerciai
failures in the United States, accord
ing to the statistics compiled from re-
ports of the branch offices of Il. q.
Dun & Co, numbered 5,612 during the
first half of 1906, against 6,21O defaults
in the corresponding months of the
previous year, while defaulted liabil-
tiles aggregated s62,664O74. against
$55, 904,5S in 1906. Distinct improve
ment is noted in manufacturing insol-
vencies-1,26O failures for $21,9S9,522,
comparing with LAPS last year, when
the amount involved was $23,343,220
Trading failures also make favor
able comparison-4,15 4 comparing with
1924, while the defaulted Indebtedness
was $25. 5O5,97 against $2S,S94.57S in
1905. The only adverse exhibit APP
pears in the third division of CONNER
cial failures, including real estate, in
surance brokerage and similar occu-
pations-19S for s15,16S,574, comparing
with 100 last year, when the amount
involved was only $3.666,7S7. OF banks
and other fiduciary institutions, there
were 2S suspensions with liabilities of
$5,5S5,332 against A last year, when
the Indebtedness was $9,S03,3 1907. Thus
it appears that the bankruptcy returns
for the first half of 1906 We're much
more satisfactory than those of the
same months last year, except for a
few large failures in the division
where speculation is particularly prom
inent, altho fire insurance disasters
were not as extensive as was generally
expected ON account of the losses at
San Francisco, but the full effect of
that catastrophe may have been post
poned by the delay that has occurred
in settling claims. In general way,
these mortality statistics reflect the
greater measure of prosperity that the
nation has enjoyed during the past six
months, especially in the two chief di-
visions of manufacturing and trading.
Decrease in New England.
According to geographical classical
ton. there appeared a decrease Of
about 10 per sent in number of fall
ures in New England, but an increase
of almost 100000 in amount of liza
bilities. Defaulted Indebtedness was
much heavier in Maine, Connecticut
and Rhode Island this year, while there
was pronounced impr. aments in Mas
sachusetts and New Hampshire. No
banking failures occurred in this Sec
~: hale Iii
there were only two small ones last
year. The three middle states report
ed about 100 fewer failures and de-
crease of almost $4,000. 600 liabilities, as
compared with last years figures. the
difference being provided by the En-
pire state. which showed a decrease of
almost 100000 in manufacturing and
about half as much in trading, but an
increase of over s2,00O.000 in other
commercial failures. A moderate in
crease in New Jersey losses was To-
Gated in the manufacturing division,
while a small gain in liabilities oc
CURED in the trading class in Penn
sylvania. Banking failures in the mid
die states We're only two in number and
S165 900 in amount, against twelve last
year for s4,162.215.
Southern states reported 1911 fewer
failures than last year, but there was
a small increase in amount of defaulted
Indebtedness, entirely due to a few
large failures in the third class in
Maryland Liabilities We're also larger
this year in Delaware, District of Co
lumbia, West Virginia and Alabama,
but much heavier decreases We're re-
ported in South Carolina, Georgia,
Mississippi, Louisiana. Tennessee and
Kentucky. For the entire section there
was a slight decrease of about $1,000
600 in the trading class. Banking
losses were about the same in both
years Both as to number and amount
of defaulting Indebtedness. the three
southwestern states made a better
showing in the aggregate, liabilities
decreasing about s55o,Ooo. altho there
was a slight increase in Missouri, Tex
as showed the smallest change in num-
Der, but decrease in liabilities of al
most 100000. This Improvement oc-
Cured in the trading class. while the
increase for Missouri was for manu-
featuring. Banking suspensions for
these three states were six in number
and 100000 in amount, against two
last year, With liabilities OF Sf50,O00.
Central States Fare III.
The least satisfactory comparison as
to amount of liabilities occurred in the
central states, losses in Illinois being
almost three times as large as last year,
of which $5,000,000 occurred in the third
class of real estate, insurance and
brokerage failures and about $1,000,000
in manufacturing. Ohio also suffered
an increase of 81, 100000 which also oc-
Cured in the third division. On the
other hand, total losses We're smaller
in Indiana, Michigan, and Wisconsin.
In every state except Illinois there We're
fewer failures than last year. and the
entire increase in amount of liabilities,
amounting to about s7.000,000, occur
red in the third class of miscellaneous
commercial failures. Banking losses
We're only seven in number, involving
s3,s45, 800, practically all in Illinois,
while last year there were fifteen fall
ures for about s3O0oOO0, distributed
over the entire section.
At the west there was little change
in either number or amount of default
ed Indebtedness, smaller liabilities in
Minnesota, Iowa and Nebraska, nearly |