Democratic Sentinel, Volume 1, Number 37, Rensselaer, Jasper County, 26 October 1877 — THE BUSINESS OUTLOOK. [ARTICLE]

THE BUSINESS OUTLOOK.

Failures for the First Nine Months of 1877. [From the New York Times.] Dun, Barlow & Co.’s circular, showing the number of failures in the United States and Canada, for the first three quarters of the present year, indicates that the worst effects of the depression of business consequent on the panic have passed. The circular shows that the failures in the third quarter of the present year are less both in number and amount than for either of the two preceding quarters, and that they are also less ih a very marked amount than for the corresponding quarter of last y<?ar. In the first quarter of the present year the failures in the United States were 2,869 ; the liabilities, $54,538,074 in Canada for the same period, 572 ; and the liabilities, $7,576,511. In the second quarter, United States, 1,880 failures ; liabilities, $45,068,097; Canada, 650 failures, and liabilities, $7,575,326. For the third quarter the figures are as follows : United States, failures, 1,816; liabilities, $42,346,085. Canada, failures, 424 ; liabilities, $5,753,139. The average liabilities of the failures which occurred in the first nine months of 1875, 1876, and 1877, were as follows : I For 1875, $24,591; for 1876, $22,166; for 1877, 21,622. The failures of the past nine months, as compared with the failures for the same period of Ja»t year, are shown in detail by the following table: -"T-~ ?—• Tot. for'J .Mos.’77 Tot. for'J 3f05.’76 STATES AND TER ———■ Fail Fail biTories. urea Liabilities, ures Inabilities. Alabama 35 $563,031 40 • $490,827 Arizona 2 41.00JQ Arkansas 17 214,275 24 203.649 California 234 2,224,151 128 1,295,596 C’y of 8. Fr’isco. 104 6,231,652 51 1,141,683 Colorado 36 551,560 34 326,241 Connecticut 223 4,829,365 156 3,291,277 Dakota 5 26,300 9 78,400 Delaware 9 169,500 17 201,600 Dint. of Col’bia.. 36 930,600 17 80,977 Florida 9 125,000 1 4 121,000 Georgia 70 818,096 133 2,955,145 Idaho 3 44,500 1 3,500 Illinois 373 7,088,300 345 5,307,410 City of Chicago.. 157 8,586,200 168 7,5)4,800 Indiana 248 4,145,171 284 3,235,521 lowa 267 2,127,900 385 3,277,980 Kansas 36 230,969 41 372,400 Kentucky 164 5,200 900 178 5,261,172 Louisiana 33 444,518 61 1,148,993 Maine , 97 1,071,400 113 1,511,250 Maryland 96 2,980,234 102 1,449,637 Massachusetts... 37 ) 5,338,908 358 11,628,064 City of Boston... 87 3,561,200 222 8,955,100 Michigan 257 6,369,641 442 7,927,399 Minnesota 101 1,193,250 97 1,207,989 Mississippi 62 645,689 64 612,833 Missouri 59 596,692 71 1,062,700 City of St. Louis. 94 5.833,550 64 2,063,057 Montana 3 75.000 Nebraska 38 ‘ 258,800 36 88,100 Nevada 50 570,736 16 105,400 New Hampshire. 50 408,652 32 463,555 New Jersey.. ...>. 136 2,846,424 122 1,642,692 New York 801 12,989,932 763 16,388,295 City of New York 599 24,052,450 645 26,921,660 North Carolina.. 70 439,569 102 772,885 Ohio 273 4,451,085 284 4,448,304 City Cincinnati.. 79 2,185,174 67 2,039,930 Oregon 22 234,704 26 290,716 Pennsylvania.... 430 8,563,439 403 8,810,611 City Philadelphia 119 3,046,796 109 3,450,995 Rhode Island.... 84 3,416,087 115 5,759 634 South Carolina.. 57 963,061 76 1,307,996 Tennessee 67 735,319 130 1,755,976 Texas 90 1,139,320 125 1,246,462 Utah 5 41,500 1 6,000 Vermont 66 472,463 51 1,030,630 Virginia &W. Va. 117 1,000,595 140 2,993,842 Washington Ter. 7 207,800 5 202,664 Wisconsin 114 1,646,388 169 3 604,344 Wyoming 2 5,500 10 140,900 Total 6,565 $141,952,256 7,050 $156,272,800 Pom,of Canada. 1,646 $ 20,904,976 1,256 $ 17,786,150