Article Text
BRADSTREET'S BUDGET. The Failures and Changes in Busic ness Throughout the Country Last Week. There were one hundred and twenty-four failures in the United States reported in Bradstreet's during the past week, an increase of twenty-five over the preceding week, and thirty-four more than the corresponding week last year. The failures, too, were of greater importance than for some time past. The decline in oil caused the failure of the Parker Savings Bank, at Parker Landing, Pennsylvania, and the Cattaraugus Banking Company, at Cattaraugns, New York. On the other hand, the advance in grain caused the suspension of C. H. Albers & Co., and Charles W. Buckley & Co., grain merchants, of St. Louis. Among the other failures of interest were Gould H. Thorp, provisions, and John Derundeon, stoves, New York city; E Steinfeld, clothing, Rochester, New York; Morris R. Stroud & Son, cotton goods. and Andreas Meng, live stock, Philade phia; the Peckham Iron Company, of St. Louis; Samuel W. Schneider, wholesale liquors, Kansas City, and A. C. Fish, carriage manufacturer, Racine, Wis. The Middle States had 29, an increase (f 8; New England States 25, an increase of 11; Southern States 15, a decrease of 2: Western States 46, an increase of 12: California and the Territories 9. a decrease of 4; Canada 9, an increase of 2 In the principal trades they were as follows: Gro cers 20. manufacturers 12, dry goods 10, liquors 9, general traders 3, clothing 6, millinery 6, shoes 5, hardware 4, jewelry 4, produce and provisions 4, drugs 3, tobacco and cigars 3, fancy goods 2, grain 2, lumber 2 banks 2, cotton 2. Only. two failures are recorded in Georgia. They are as follows: Augusta-E D Smy he & Co., crockery, have assigned. Liabilities about $10,000; nominal assets about the same. Dull trade and poor collections are ascribed as the causes. Savannah-James Manning, machinist, has failed and assigned. He values his assets at $8,000.
