Omaha daily bee., 1910-11-06
STATUS OF OCTOBER TRADE
Not So Many Failures as Same Period
of 1909
LIABILITIES HEAVY, HOWEVER
Figures from n. q. Dan a Co. show
inE the Record of Failures
for Three Years BndinE
with October, 1910.
HEAVY, HOWEVER

The October record Of business failures az
reported TO r @. Dun & Co. shows the
largest total Of liabilities OF any month OF
this year since February, and the largest
October total since 1896 with the exception
OF 1907 In number Of defaults, however,
the record Is not 80 unfavorable. The num-
Der Of failures during october was LIE
comparing with LIZA last year. Isl In 1905
and 11S9 in 1907 The total OF liabilities
was 1857. 6s6 as compared with s1252s, $50 in
1900. SIS sgs 66s in 1905 Z7.414,99O In 1907 SO
553.7l4 In 1906 and Sc. Nl.9s2 IN 1906. The
liabilities, however, we're only slightly
greater than in 1909 when they totaled
SIS, 3s7, $751; This result was mainly due to
the large number Of defaults-thlrty-one
for more than 100000 OF the total llabili-
ties OF the month OF t1ss77, $50 these large
failures represented SiO,tO1,4sS as compared
with S5,OSe,SS5 In 1909. t7.lb4Sa2 in 1903 E17,-
slsOe5 in 1907, tS,9T7 e5s in 1906 and ,s7S 500
in 1906 There were IO91 failures for less
than $780, 900, totalinE $3.50, MS as compared
with 81 443t77 In 1909 fs744s4s in 1903, 81, 49,,
800 in 1907, 8, 878O5S in 1906 and hTs,4s2 in
1906. The average liabilities per firm OF
these small defaults amounted 10 $3.50
/ which was exceeded only In 1907, 1903 and
1896. The manufacturing failures numbered
| 3D. the largest since 1895 with the eXcep-
/ ton OF 1907. The total manufa curing Ha-
biities in October were t7,1856O2 as com
pared With 6 lp7s19 in 1909, S7,142,SSl In 1908,
Sl2 1885, O5s in 1907 SSSsA56s in 1905 and ts444Sl5
| in 1905. There were fifteen large manu-
featuring defaults as compared With four
teen last year and twenty in 1907. The liza
billues Of these fifteen large manufacturing
failures we're S2s17,57s as compared with
g. O6s in 1902 @4.265S9 in 1908 and S. 697, Al
less than 100000 each we're 8O7-the largest
number for the month since 1s96-but the
total Of their liabilities. SS,51sO24, has beer
exceeded In 1907. in 1903 and in 1896, and the
total compares with S2,6O6s5l in 1909 The
average OF the small manufacturing de
faults was 81, 46O as compared with 1852
in 1909 $40 200 in 1908 Sl3124 in 1907, g. $50 IL
1905 and 1855 in 1896. Trading failures
numbered 7sS and liabilities amounted Il
So O48, 499 as compared with $6546,525 In 1903
S6,19O162 in 1908, RsHO,7S9 in 1907 $685. SIC II
1906 and $685. sS1 in 1905. The trading fail
ures were in fact, larger than in any othe
October since 1896 There were eleven trad
ing failures with liablltie of over 500 90
each, totaling S3,254,SO5 as compared will
Sl79O,S17 In 1902 This total was also tn
largest since 1895 There we're 752 trading
failures for less than 10000, but this com
pared rRVoraDly with the preceding tire
years, and the total OF such small failure
was S47s8,694 as compared with "A, 7B6,9Os II
1902 S5,34l065 in 1905 S47sO,s42 in 1907. g. 657,
eG2 in 1908 and S2,51s,1Sl In 1905. The avereg
liabilities per firm OF the small trading de
faults were $3.50 as compared with 1913
last year s., 400 in 1905 6s49 in 1907, S477O II
1906 and S427 in 1906 There were thirty
seven defaults among brokers as compare
with twenty-nine in 1909, fifty-five in 19Ot
forty-eight in 1907 and twenty eight IN 1901
The total liabilities in this class durin
October were $s,7ss5R5 as compared Wi
S4S5,41s in 1909 S2,566195 in 1908 S. AS, 1873 4
1907 and 1,7e7,346 in 1905.
. In the following table the comparison
made OF the number OF commercial failure
] in the United States, covering three years
by leading classes OF trade and the liza
binties reported in each class for October
this year: