The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-07-16
BRADsTREET'S ON FAILURES
Report Of Trade Conditions For
Six Months

Bradstreet's for July contains a
summary of the business failures for
the first six months of 1907 with the
amounts involved. In the state Of
Washington there were listed for this
period "a failures with total assets of
S4O0,464 as compared with 81 for the
corresponding period of last year, when
the assets of the failing business
houses totaled only $301.152. The liza
bilities for the first six months of 1905
We're S599,4S0 against liabilities of
$599,4SO for 1907
1t will thus be seen that the failures
have been less numerous in 1907, the
assets larger and the liabilities smaller
than in the same period of last year,
a gratifying change for the better
Idaho appears still more fortunau.
than Washington, a total of only 10
failures being reported, as compared
with Is for the corresponding period
of last year The assets for half of
1907 We're $4,000 and for half of 1906
$76,SS4. But while the assets OF ne
lnsolVents this year We're smaller than
last year, their liabilities were also
smaller, those of 1907 totalling only
$59,S25 as compared with 10S,325 for
1906. 1t will thus be seen that the
creditors We're able to secure larger di-
vidends pro rata on the amounts of
their claims this year than last
no foil Of
the first six months of this year Were
46' and for the same period of last year
81. The assets of the insolvents for
1907 We're $22S.953 and for last year
$199,255. The liabilities for this year
however, were $409,356 as against only
$311,2S6 last year.
The total number of failures in the
far western states, including Califor-
mia, Oregon, Nevada, Washington Ida
no and Utah for the first six months
of the current year, was 275 as COM
pared with 327 for the corresponding
period of last year. The liabilities and
assets of the insOlvents within this
territory for half of 1907 We're $3,O29,-
12S and $2,172,O31 respectively, while
for half of 1906, within the same per-
iod, $2,596,O7S and $1,37S,259 respect
lively.
In the whole United States there
were 4,792 failures for the half year
just ended, while for the first half of
1906 the failures numbered 4S73. Liza
bilities and assets for the 1907 period
were respectively $76,529O59 and $42,-
O1S, 143 and for the corresponding per-
iod of last year $59OS1,2S9 and $29,-
O37133.
There We're 1872 failures reported to
Bradstreet's for the first six months of
1907, involving liabilities of $76,529, O59
and assets of $42,01S.143. This is a de-
crease in number of 1.6 per cent. from
1906, of S.5 per cent from 1905 and 1912
per cent from 1904, and is almost iden-
teal with the number reported in the
first half of 1908. With this exception
the number of failures is the smallest
reported in the first half of the year
since 1882
AS regards liabilities, however, the
showing is very different owing to the
occurrence of a number of relatively
large suspensions this year. Thus the
liabilities in 1907 are 80 per cent larger
than in 1906, % per cent larger than in
1905, but per cent smaller than in
1904. Compared with 1903 liabilities
are p per cent larger, and, with the
exception of 1904, liabilities this year
so far are the largest since 1897.
The high percentage of assets to liza
bilities for the half year-54S per cent
in 19O7-as against 491 per cent III
1906 and 55.1 per cent in 1904-may be
regarded as indicating a relatively
greater proportion of strain upon 9TH
erWise solvent concerns, due to diff
Guilty in obtaining needed financial &C
cOmmOdatiOn.