"c           VAR 0172      09070 IT FAIL 3R 894-938               MD= 1E-37   "
"c           REF 0172         LOC 1509 WIDTH  9             DK  24 COL 62-70  "
"c                                                 EXP DEC=  2                "
"c                                                                            "
"c              LIABILITIES OF BUSINESS FAILURES, MANUFACTURING COMPANIES     "
"c              WITH LIABILITIES UNDER ONE HUNDRED THOUSAND DOLLARS           "
"c              ---------------------------------------------------------     "
"c                                                                            "
"c              NBER SERIES:  09070                                           "
"c              AREA COVERED:  U.S.                                           "
"c              UNITS:  MILLIONS OF DOLLARS                                   "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  NONE                                     "
"c              MONTHLY COVERAGE:  01/1894-08/1938                            "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  R G. DUN AND CO.(DUN AND BRADSTREET, INC. AFTER      "
"c              MARCH, 1933), DATA FOR 1894-FEBRUARY, 1933: DUN'S REVIEW;     "
"c              DATA FOR MARCH, 1933-JANUARY, 1937: DUN AND BRADSTREET        "
"c              MONTHLY REVIEW; DATA FOR FEBRUARY, 1937-1938: DUN'S           "
"c              STATISTICAL REVIEW.                                           "
"c                                                                            "
"c              NOTES:  SERIES 09070 IS PRESENTED HERE AS THREE               "
"c              VARIABLES--(1)--ORIGINAL DATA, 1894-1938  (2)--ORIGINAL DATA, "
"c              1934-1939  (3)--ORIGINAL DATA, 1939-1961.                     "
"c                   COVERAGE INCLUDES MINING AND CONSTRUCTION CONCERNS.      "
"c                   FOR DECEMBER, 1894, NO FIGURES ARE AVAILABLE FOR         "
"c              LIABILITIES UNDER $100,000.  THE FIGURE FOR LIABILITIES OVER  "
"c              THAT AMOUNT ($6.42 MILLION) WAS DIVIDED BETWEEN THE TWO       "
"c              GROUPS AFTER INSPECTING THE AVERAGE MONTHLY SIZE OF           "
"c              LIABILITIES IN BOTH GROUPS, AND THE TOTAL.  NOW ANNUAL        "
"c              TOTALS FOR 1894 NO LONGER AGREE WITH THE TOTALS PUBLISHED IN  "
"c              DUN'S REVIEW.                                                 "
"c                   FIGURES FOR AUGUST AND DECEMBER OF 1909 ARE GIVEN AS     "
"c              THEY APPEAR IN DUN'S REVIEW.  THE TOTAL OF LIABILITIES UNDER  "
"c              AND OVER $100,000 WILL NOT AGREE WITH FIGURES IN SERIES       "
"c              09034 (LIABILITIES FOR ALL MANUFACTURING COMPANIES).          "
"c                   FIGURES FOR SEPTEMBER, OCTOBER, AND DECEMBER OF 1919     "
"c              WERE ESTIMATED AS DATA ARE NOT AVAILABLE.  THE TOTAL FOR THE  "
"c              THREE MONTHS IS 4.64; THE AMOUNT WAS DIVIDED AMONG THESE      "
"c              MONTHS IN THE SAME PROPORTION AS IN THE SERIES FOR TOTAL      "
"c              MANUFACTURING (09034).                                        "
"c                   BEGINNING IN 1935, LIABILITIES FOR MANUFACTURING AND     "
"c              CONSTRUCTION COMPANIES ARE SHOWN SEPARATELY.  THEY HAVE BEEN  "
"c              ADDED HERE TO CONTINUE THE SEGMENT AS BEFORE.  THERE ALSO     "
"c              OCCURRED A SLIGHT CHANGE IN COVERAGE.                         "
"c                                                                            "
"c              CHECKED MANUALLY; NO CORRECTIONS NECESSARY.                   "
"c                                                                            "