| Show p Business Failures for Six Montks The total number of failures in the United States reported to Brad streets during the past six months is 5414 against 5298 ia a like portion por-tion of 181 3649 In 1882 3256 in 18812899 in 1S80 and 3810 in the first hslfjf t 1879 The number reported re-ported in the first quarter of the cunent year was 3320 which leaves 2124 credited to the months of April May and June last past as compared with 2107 in the second quarter of 1883 1503 in the second quarter of 1882 and 1270 in the second sec-ond quarter of 1881 When the financial fi-nancial difficulties of the past quarter quar-ter are considered it will be seen that the totals given above are laher smaller lhaii there reason to expect The aggregate liabilities for the past sIx montnsshow an increase of 850510152 as compare with the like period in 18S3 or an average of 822703 for each failing trader as against Sli903 in 1882 The assets show an increase of 350812876 over 18S3 or an average of 12092 for each failure as against 7533 in the first quarter of the preceding year The feature of the senmannnal report re-port on failures in business mnsi of necessity be the influence of speculation specu-lation on the mortality rate owing to the Eevere effects of over indulgence indul-gence in that direction witnessed of late It appears from an analysis l of failures returned with details that 51 banks and bankers nave failed In the United States within the three months ending June 30 This takes no account of the institutions tem = I 4 r porarily embarrassed such as the I t a Metropolitan and the West Side r ti banks Fish d 7 Hatch and A W Dyett X3o New York nor ofthe f i l Newark Savings Institution which d expected to pay its debts in fall f I 1t Of the fifty ¼ one enumerated three were savings Institutions five were S national banks eight were State I I banks and thirty five were prIae L P banks or were bankers and brokers Otthe fifty one the failure I j r fail-ure twenty is known to have been I 4 due to speculation with a probability I proba-bility that twentytwo were thus > embarrassed or 43 per cent Tha percentage of assets to liabilities liabili-ties In the varlouc groups of states J on the whole shows a substantial Imprdvemen t over the corresponding period In 1883 The Eastern States < appear to have suffered most the i I ability to pay indebtedness on the part of those failing these having declined from assets equal to 68 percent per-cent of their liabilities last year six months to i 0 percent this year The 1 i Midd e States show an increase from J J 47 per cent in 1883 six months I ji to 50 per cent and the southern t iji from 47 to 53 per cent The weak 111 ern States have not varied much rl the ratio last year being 70 and this I 69 per cent The Pacific States t climbed from 43 to 64 per cent avery 1 a-very heavy gain and the Territories from 55 last to 70 per cent this year I 1 j The average for the country also is higher the proportion of assets to J liabilities in tbe first half of last + year being but 54 as against 56 percent t per-cent in the first half of this r t |
