Show THE FAILURE SHOWING REVIEW FOR Oct S I contains DUNS some one Interesting statistics rard lug Ing ng failures failure in the United States Staten and Canada eada durIng durin the die nine that ended ena ct Sept 10 IMS A comparison with Wit the POD corresponding period of 1 I Ino Is not no no on the whole encouraging The aggregate of Insolvencies was smeller smaller hilt the aggregate of liabilities was win very vey mach much larger being bel for INS INSa a u 5 against for tor u The failures for 10 1 numbered lumbered sa 7 end and for ISM U 1 they bel numbered a Iou loss of or exactly or rather a gain of thai th t number The fact that while the tile total liability of 1 was waa smaller than in 1911 the tae number et of or Insolvencies I was greater In hi the year first named indi indicates cates that the small fry try Went want ept under more fa C than IU in MW 1103 The decrease e as in insolvencies and the in I c crI in liabilities goes BOa to show abow that the larger corporations corPora o firms and h m in individual enterprises are beginning to he benc bencIn stocked In ne s way Is to the progress of the thet trusts t more clearly tIe Th The great creat combinations of capital ace e a slow slowly ly I but surely freezing out the independent Ir sot eat manufacturers and business buBIn men menThe menThe menThe The latter tad lad it impossible to com eop compete pete with their practically Invincible rivals and end they are slowly and surely retiring l from the field bid either by the Insolvency route or through the acqui acquisition acquisition altion of their business b by the tile monopolies lies U The only 17 ray y of comfort in the t situation is Sa to be found in some seine see sec sections of the west the tile aggregate J liabilities for forthe forthe forthe the Pacific states state group which include Utah ta Is heavier than for 1902 1102 being as compared ed with tit M the thi number Dumber of Or Insolvencies is smaller Ue Utah makes makee a particularly creditable showing In nine a month of oc 1902 1102 it itha ha has It failure fail for III and andin andIn in 1 IMS 1103 1 Jt it had failures for The rite Idaho situation is ill also im Un improved proved fed this year yar It had bad fall fail failure ure ures for tor SUit in 1 1112 1102 2 and failures failure for in la 1908 1903 The Wyoming lIl statement s nt fit ta la not so 80 sog soTh g ct d Th 1902 1102 Wyoming ft had nine DIlle fall fail failures ures u for tor 11 and in 1901 1103 1 it had bed six aix ra for fer heavy In in inthe Intile Inthe the tile liabilities and an a slight decease li de de in inthe Inthe Inthe the Insolvencies Montana had bad thirty five faIlures failure for tor in 1903 1103 1 a U as com coat compared pared with failures for 70 8 In 1902 1102 Discussing Dt the situation generally P the Review say onys sayMany 78 Many firms and Individuals were heavily Involved in the speculative ex excesses of last year and end when the prices of o securities reacted so persistently peni there were heavy beavy losses To an extent that few realise the legitimate trade and an Industry 17 of the tile nation were In la Involved Involved Ja In the tM stock toek market and that I M have ve not Bot been more nu numerate ines merate s Is to testimony to the t great t I strength s and end recuperative power of or the tha business b world In addition there was wu wasa wua a train strain of numerous and ADd costly labor struggle and moreover mono the enhanced rest of materials fuel t a and ether ther op operating opUn erting Un expenses held down net profits so that expansion has h decreased and Dd new faculties facilities are not added with the t freedom that ha has baa marked mark the march of progress for Cor SeVeral years I Tata may account In a large measure ule me f for Ute unpromising features |