The radio annual (1960)

Record Details:

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FAILURES OF ADVERTISING AGENCIES — 1946-1959 (Continued from Page 61) Year Number 1948 24 1949 34 1950 38 1951 34 1952 19 1953 24 1954 34 1955 31 1956 32 1957 55 1958 36 1959 40 Liabilities 793,000 746,000 1,167,000 1,043,000 531^000 466,000 1,256,000 815,000 1,519,000 2,081,000 857,000 1,554,000 This record includes those businesses that ceased operations following assignment or bankruptcy; ceased with loss to creditors after such actions as execution, foreclosure, or attachment; voluntarily withdrew leavingr unpaid oblig-ations ; were involved in court actions such as receivership, reorg-anization. or arrang-ement ; or voluntarily compromised with creditors. WrS!=«rft=«ra=i&iS COMPARATIVE BUSINESS FAILURE TRENDS =>=^=^=^— ^— ^— ^— ^=^— ^— ^— ^— ^— ^-^-5-?l— ^— >— ^— ^— ^??»!— ^— ^—\— ^— ^— ^ Percentage Change 1958-1959 Number Liabilities , Total Businesses, All Lines — 6 Total Commercial Services +7 Advertising Agencies . • +11 Source: Dun & Bradstreet, Inc. — 5 —10 +81 Avg. Liability Per Failure in 1959 $49,300 42,866 38,850 53