Business: Business Notes, Jan. 24, 1927

Bankruptcies. Daring 1926, 20,032 U. S. firms (including banks) went into bankruptcies for a total of $655,043,945. These figures are in both cases greater than for 1925, yet are not records. The records are: 22,415 failures in 1922; $755,777,685 insolvencies in 1921.

Seat. For a few weeks the record price of a New York Stock Exchange seat stood at $175,000 (TIME, Dec. 20). Then one day last week $180,000 was paid; and the next day $185,000.