The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1912-12-07
I'll l8 5
For the Month of No9ember
as Reported by Dun
and Company

1,I75 commercial failures Feported
to r. G. Dun and compa15 during
the month OF eSoyember- while this
number has been exceeded 5iseveral
OF the earlier months OF s1is year,
it is the largest since July. and ri
compares unfavOrably with Noyem-I
Der of the three preceding years
namely. 1,1e5 in 1871, 1,o03sia 1910
and 693 in 1909. The amount OF
the liabilities OF these commercial
failures In November was $15, 646,-t
los, comparing with SIS. 266, S37 in
1911 and 81, 234,061 in 1910 The
failure record thus continues to be
an exhibit OF a high number Of de-
faults combined with large total
of Liabilities, a Development which
! is in marked contrast to the other
records OF the business situation.
The high total of defaults is chiefly
due to the large number OF small
fafIures-those for less than $780,
900. OF these small failures there
were 1873 during the month, the
largest total in number OF years
The total liabilities OF these small
defaults amounted to $9sss5. $50,
which also breaks the record OF re-
cent years. OF the larger defaults
those for 100000 or more
there were twenty-five aggregating
/ $5,75O,715. which is considerably
less than last year, when the total
was $7,O17,7 72, and also less than
IN 1907 and in 1903, but in excess
OF other recent years
The manufacturing defaults dur
| ing November numbered 327 against
2s6 in 1911, $50 in 1910 and 247
| in 1903 Manufacturing Liabilities
amounted to $7,23O,614 against So
a67.347 in 1911 and $4,5Ss,sS9 IN
I191O. OF these manufacturing de-
faults BIG we're for less than $780,
900, their aggregate Liabilities being
| $3974,512. Both IN number and IN
amount OF liabilities, these 'smah
manufacturing defaults broke all
recent records. There were eleven
manufacturing defaults for 500
600 or more. aggregating $$,256,-
1O2. as compared with 81 5446.5S2 IN
1911 and $3.50, 900 in 1910 or;
the 6fteen dinerent branches OF
business represented in the manu-
Featuring class eight reported de-
creased liabilities and seven in
creased liabilities. In machinery
/ ana tools the liabilities amounted to
s1.756,2Oo against $61s, 613 in
1911. There was also a large in
crease in clothing and millinery, the
liabilities in which were $sS9SSoO
against $2T4,71s a year ago. IN
leather, shoes and harness there
were liabilities of s3O9, 500 against
scr, 8sS in 1911. On the other
hand, woolens, carpets and knit
goods reported liabilities OF only
$4,000 against 1852, 900 a year
ago. Lumber, carpenters and COOP
ers reported liabilities OF ss66,7oo
against s997 ,9s7 last year
In the trading division there were
sos defaults. comparing with 744
in 1911, SIS in 1910 and SO in
1909. The trading liabilities were
Sc, Isl, 1871. comparing with So
81, 7se in 1911 and $5.471,3S2 IN
1910. OF these sos trading failures
sol were for less than 500, 200
the largest number in recent years.
with the exception OF sS4 in 1907
and $40 in 1903. The total Of these
small trading defaults was $3.50
PTS, the largest amount in recent
years, and comparing with s5,1s A.,
405 a year ago and 50, o21,S32 IN
1910. The average liabilities OF
these small trading defaults was
Sc, e69, the largest with, the exeep-
tion of 1910, when the record was
81. 225. There were FIVE trading
failures for 100000 and more, az
gregating 81. 1855, 613 and comparing
with 81 3d., SS4 in 1911 and $500
900 in 1910. OF the fifteen main
branches Of business represented IN
the trading class ten reported in,
creased Qualities for the month and
five decreased. The record OF gen
eraI stores was 1897. 600 against
s91s,5O5 last year. Groceries'
meat and fish, however, reported !
$3.50, 900 against ,s69O,53s and ho-f
tells and restaurants "261.6oO
against $40, 937. Liquors and to-
1acco made a record OF of S4S5,S2s ;
as compared with 1852. 746: chem
icaIs and drugs reported S$o2,SOo
against Sis ,52S, and jewelry and (,
clocks sag 900 against $685., $50