OCR Text |
Show FAILURES ARE FEWER THAN IN MANY YEARS Wirh the business mortality at new low levels In recent months, an exceptionally gratifying insolvency statement for the first half nf 1919 had been clearly indicated, in-dicated, and the exhibit is the best for the period. In number of failures. In nearly four decades. Exclusive of banking and other noncommercial reverses, there were only 3463 defaults, involving $(iS.710.SSfi of liabilities, in the United States during the halt yea r lust ended, as reported to R. G. Dun &. Co., the numerical showing heing the most favorable back to 1SR1 and the indebtedness the lightest since l90fi. Excepting 1SS1 and 1 RS0. the 34113 In-polvencles In-polvencles of the present year are less' than those of am- similar Fix months of which there is record, and from the high point of 12.740 failures for JlRS.oST.ii.lS of 1915, reductions of 72. S per cent In numher and K3.fi per cent in liabilities are jhown. Com oaring with the nSS!) defaults for $S7, 793,52 of the first half of 191S, decreases of 41.2 and 21.7 per cent, respectively, re-spectively, appear, while this year's second quarter reverses are fewer in number than In any quarter since the third quarter if 1SK2 and tho June Insolvencies 4S5 the smallest ever reported for a single niont h. Such facts as these seem the more noteworthy note-worthy when the chance of business from p. war to a peace basis is considered, and it remains for subsequent returns to show whe'her the country's commercial mortality, mor-tality, remarkably lip ht as it has been, lias yet reached the absolute minimum. |