Democratic Sentinel, Volume 5, Number 36, Rensselaer, Jasper County, 14 October 1881 — Business Failures. [ARTICLE]

Business Failures.

The commercial failures for nine months ending Sept 30,1881, are reported by Dun, Wiman & Co. as 3.890, as compared with 3,476 for the corresponding period of 1880. The liabilities for three-quarters of the present year were $51,000,000, aa compared with $45,000,000 for the same period of 1880. The failures for the last three months have been 1,024, with liabilities of $10,000,000, while in the third quarter of 1880 they were 979, with liabilities of $12,000,000. The geo graphical distribution ot failures shows that the Southern States suf- : erod somewhat, inasmuch as the figures indicate their liabilities for the first three months of 1880 were only $848,000, as against $1,054,000 for the present quarter. On the other hand, for the Western States the liabilities show a decline of nearly $650,000 in favor of this quarter. In the Middle States the liabilities are about sl,000,000 less in amount than in the corresponding period of 1880. In.the Eastern and Pacific States the liabilities are but little different from those of last year. In Canada an exceptionally good condition of affairs has prevailed, the failures for the last three months having been but 130, with liabilities of $787,000. This is a better showing than has been made in the Dominion for any quarter in the past u:x years.