Jasper County Democrat, Volume 6, Number 36, Rensselaer, Jasper County, 12 December 1903 — MONTH’S FAILUREB $16,422,809 [ARTICLE]

MONTH’S FAILUREB $16,422,809

Increase of Over $7,000,030 Shown Over Last Tear’s Record. R. G. Dun & Co. report 1,162 commercial fuilures in the United States in November, with liabilities of $16,422,300. The report compares very unfavorably with the corresponding month in preceding years, but shows encouraging improvement over the failure record of October. In the same month last year failures numbered 1,000 and the amount involved was only $0,270,716. A partial separation of the commercial insolvencies in November shows that there were 267 manufacturing disasters, involving $6,049,207, which compare with 213 failures for $3,391,060 in the corresponding month last year. Trading defaults numbered 845, with liabilities of $8,120,271, against 746 for $5,029,843 a year ago. In other commercial lines there u'ere fifty bankruptcies, with aggregate indebteduess of $2,252,831, compared with forty-one fuilures for $855,813 in the corresponding month of 1902. Liabilities of commercial failures in the United States for each month are compared below: 1003. 1902. 1901. January . .$12,978,970 $14,312,501 $11,220,811 February . 10,907.454 11,302,029 11,287,211 March .... 10,458,000 8.117,228 9,195,404 April 11,811,907 7.359,341 5,571,222 May 12.314.200 0,100,840 7,900,423 June 8.820,054 10,173,017 10,530,559 July 10,751,245 0,032,851 7,035,933 August ... 10.877,782 8,008,525 9,458,860 September 7,229,508 10,031,258 8,201,373 October. . 18,387.507 10,851,534 10.680,627 November. 16,432,309 9,276,710 9,070,446 December . 11,941,029 12,780,441