Salt Lake Telegram | 1932-04-07 | Page 17 | Many Businesses Lose in All Years

MANY BUSINESSES i iLOSE LOSE IN ALL YEARS By J. J R. R R BRACKET BRACKETT BRACKET Associated Press Financial Writer NEW NE YORK April Apri 7 WhIle 7 7 While business buI- buI busi busl- ness profits seem cem particularly elusive these days a review of income tax statistics indicates that even in irs the most profitable days of the thc la last t decade not more than 60 per cent of or American Ameri Amen can corporations made a profit profit and and prof-and and between 35 and 40 per cent showed losses A total toll of ot business firms failed aled last year but even in 1929 a boom year failed failed and and and since 1925 1025 every year has seen more than failures according to Duns Dun's survey The Te figures do not minimize the severity of the present slump since sice the number of failures in 1931 1031 was an anal all al time high hg and all al corporations probably will wl show an aggregate deficit of or a billion or more for 1931 the first time there has ha been such a deficit since sice 1921 1921 The Te depressing feature of these f figures es is somewhat relieved when it is i considered that the number of corporations has in increased increased increased in- in creased statisticians point out out Federal reserve statistics show a similar situation in banking In the good year of 1922 at least 30 banks bak were suspended every month while in the prosperous period of ot 1929 1922 the average number of suspensions every month was 53 7 This Ti compares with wih the more drastic figures of 12 and 11 for tor 1930 1030 and 1931 1931 In the last month suspensions dropped to t 40 40