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Failures During The Year

Failures During The Year image
Parent Issue
Day
3
Month
January
Year
1889
Copyright
Public Domain
OCR Text

New Youk, Jat. 2.- Some interesting1 ügures bearing upon the mercantile failures in the United States during the last eight years have just been completed by Bradstreeta. The number of failures in 1888 was 10,587, as against 9,740 in 1887, 10,568 in 1886, U, 116 in 18S5, 11,620 in 1884, 10,399 in 1883, 7,685 in 1882 and 5,938 in 188L The general üabilities of the faüures for 1888 amounted to 120,242,402. against $130,605,OOOfor 1887. The assets of tailures in 1888 were ,61,999,911, while for 1887 they were {64,651.000. Of the eight years 1884 shows the greatest general liabüities, $248,740,000, and 1881 the least, $76,094,030. The topographical distnbution of the failures for 1888 is as f ollows : Eastern States, 1,372 in number; general liabüities, 113,888,601; actual assets, í5,160,326; Middle States, 2,361; general liab.iities, L37,411,764; actual asset3, 18,419,561; Southern States, 3,098; liabilities, $19,436,994; assets, $10,546,945; Western States, 3.626: liabilities, $39,480,099; assets, $21, 8 14, 174; Pacific States, 816; lia. ilities, $9,461,431; assets, $5,297,764; Territories, 314; liabilities, $3,228,54:i; assets, $769,141. Canada and the Pro vinces had 1,730 failures, with general liabilities of $15,49S,242 and actual assets of ff, 174.744. New York State had 1,139 failures in 18S8, with general liabilities of 24,307,000 and actual assets of $10,739.000. The record of the State for 1887 was 1,056 failures, with $33.714,000 in general liabilities and Í10, 388,000 of actual assets. New York City had 529 failures in 1888, as against 431 in 1887. The general liabilities of the former were $17,032,886 and the actu il assets $7,078,870; of the latter the liabilities wera $17,019,000, and the assets $8,112,000. In the year just ended the percentage of assets on liabilities were as f ollows : For the United States, 52; forthe Eaatern States, 42; Middle States,47; Sjuthern States, 54 ;West. ern States, 55; Pacific States, 66; Territories, 84; Canada and the Provinces, 46; New York City, 41. The same percentage lor 1887 was: Eastern States, 38; Middle States, 55; Southern States. 55; Western States, 49; Pacific States, 33; Territorios, 56; Canada and the Provinces, 49; New York City, 46.

Article

Subjects
Old News
Ann Arbor Register