Accountants solemnly dipped their pens into red ink, balanced the score for gloomy 1931's last gloomy week. Reported were the following cold facts:
Business failures for 1931 totaled some 28,275 with liabilities of $733,100,000. In 1930 there were 26,355 failures, owing $668,283,000.
Carloadings for the week of Dec. 19 totaled 581,733, a decline from the previous week of 31,801 and 132,132 below the same period in 1930.
Railroad earnings reflected the lower loadings. First 67 roads to report for November showed net operating income of...