The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1911-08-11

traction in the amount of defaulted
Indebtedness is very gratifying, in
asmuch as it indicates steady
growth in general business stability.
Brokerage Glass Increased.
Separating these failures into diff
ferent classes of business shows
that except for a slight increase in
number in the brokerage class
and moderate increase in the
liabilities in trading, all three di-
visions make in every respect q
very favorable comparison with last
year. In manufacturing there were
2S5 defaults with a total indebted
ness amounting to $5,990,915, as
against 800 in July last year for ST.
732,411 and 274 for $3.SO7,20 in 1909,
, while there were sol trading failures
involving $5,640,S01 against so sus.
pensions for $5,299.487 last year and
1876 for $4,750, 213 two years ago
The increase in the liabilities in this
class is largely accounted for by the
five failures involving 1890, 126, where
as last year the total amount in.
vOlved by the same number of fail
ures with Indebtedness of over $780,.
900 was only 100000. In the broker.
age class Al defaults occurred, with
liabilities of $51S,354 as against 81
for $75S,S55 last year and 35 for
$970,479 in 1909.
Manufactures Show Improvement.
In manufacturing of the Is
classes show Improvement over last
lyear, being most marked in iron
g. lx,sD i,n xxy,i oh, f0r
$208,644 compare with 10 for $8l1,
374; in machinery and tools, IL for
| $751; 1862 against II for $724,266; lum
/ Der, carpenters and coopers, 81 for
81, 291 $3.50 against 81 for $1,617, 36o
clothing and millinery, "A for 1886,
645 against so for $619,489; and
liquors and tobacco, 8 for $33,59O
against ii for $61S,365. On the other
hand, the most pronounced losses
were reported by woolens, carpets
and knit goods, for $408,7S2 against
| l for $4,000; cottOns, lace and no
siery, l for $20,348 against none;
paints and oils, 3 for $102,557 against
| 1 for $4,000, and leather, shoes and
harness, Z for $407,500 against l foi
$2,072.
In the Trading Division.
In the trading division only
classes make better exhibit than
Hast year, hotels and restaurants, in
which So suspensions involving $l4S,
| 351 compare with 81 for $245,327
[ liquors and tobaccos, 76 for 1888, III
against 73 for 1921 ,674; clothing apc
| furnishings, 65 for $268,014 against
| 1O2 for $763,652, and chemicals and
drugs, 81 for $70,1S4 against 80 fol
$1S8,43O. While the different lines
| of business in which increases over
last year appear are very numerous
| in few is the expansion especially
notable. In general stores the un
favorable comparison is most pro
nounced, both number and Liabilities
showing a large increase, the former
being 1923 against SO and the latter
s1,O5S,152 against $554,423. The tota
| liabilities in this class are almost the
largest ever reported and are due tt
an exceptional number OF failures
with unusually heavy Indebtedness
! and the increase in this class alone
more than accounts for the expansion
| in liabilities over last year. In thf
remaining classes the most notable
increases were in dry goods and car
nets. with As defaults involving $733,
16S against 40 for $600,S47; shoes
rubbers and trunks, 38 for $31o,S14
against % for $118,987, and mlscei
laneous, 1903 for $1,3OS,l55 agains
| 1OS for 81, 015,570.