Toplen or“ Ilse Guardian, Wm. Well. any is, 1934. 11

Business Failures In Canada Showin Increase In 10 Years

Sel In Toronto

Tnoom

(CPI —, Topless bathing suits and toples- di'eszcs not only are attracting

“inflow shop . - they li'l hrlnglllllg in their share of sales 3 WP .

a

“11's the most peculiar thing

the world about all this

"'Idlts'." said leona'rd Zelaman. ""3 midtown Toronto store “'W‘h has two topless suits on fl’anlay in the window. “ Mir sold 620 topless dresser" a ifornpiete sellout. Mar. are on orocr

We thought topless dresses would appeal to the so and 21- leal‘nlds. but the surprise is that women from 35 to 50 have :r'ahhed them up." he said.

~.___...__._.____

SERVICE BEGIN! 4 regular air service between

Berlin. Zagreb and Belgrade h~= begun

ON THE AIR

WEDNESDAY PROGRAMS

CF CY TV p.m.-—Musicale 1.55 n.m.—Slgn On 4% non—Mlle do Parts 4 3‘ non—Vacation Time

3! JOHN all GER Canadian Press ﬂat! Writer

wholesale trade, retail construction

trade. commercial .

flops compared with 115 ln-the

first three months of 1003, Tor- ‘

Canada's booming economy~ services. in the first quarter of I onto follows with 71 failures

which may be showmg signs of diminishing brilliance—is strug— gling with an ever - increasing rate of business failures. Although the number of fall- ures is increasing only moder- ately. and in some sections of the economy is actually de- creasing. the total amount of liabilities left by failing Cana- dlrn Immense: h rising r’ap-

y.

The number of failures in the last 10 years has more than doubled — but the amount of liabilities left has slightly less than quadrupled.

Credit reporters Dun and Bradstreet of Canada Ltd. say that in 1963. a total of 2.158 Ca- nadian businesses went under compared with 2.138 the prev- ' left liabilities totalling “16.888900 compared with $107.ss4.ooo.

T PEAK

The failure rate is at a 30.

year peak—85 per 10.000 busi-

1964. total failures were 548 compared with 541 during the corresponding 1053 period and liabilities totalled 030.340.0110 compared with 331.212.000.

As concerns the number oi failures. increases were posted in manufacturing. retail trade and commercial services. while liabilities remaining increased in I all sections. We largest num- ‘ l her of failures in the first three Imonihs was recorded by retail ‘n-ade-which showed 258 com- Ipared with 249 for the quarter ended March 31. 1963.

Failing retail trade busi- nesses. however. left liabilities of only 58.573000 compared with $8,454,000. Compared with manufacturing failures. the fig- ures .

FAILURES HIGHER

The on manufacturing bush nesses than went broke in the fir 1

compares with 70 failures dur-

I 5 three months of 1964 lert I liabilities of $14,223,000. This ‘

compared With 75. Quebec la the most failure-prone province. year to March .11 left liabilities of 818543.000 com- pared with 810.010.0110 on 230 failures compared with 207.

n and Bradstreet lists the main cause of business failure as management imcompetence‘ which accounts for 55.5 per cent of all failures. Next is lack of managerial experience. account ing for 19.3 per cent. and 11h- balanced experience accounting for 15 per cent of all failure

ck of experience in the par- ticular line of business. neglect. fraud and disaster make up the

remainder. y .2 per cent of business failed for unknown NESOI‘H

Most-y seems so he trains its public relations eye upon students and education. '

The Ford Motor Co. of Can- a a Ltd. announced this we that it has awarded 810.1110 to 64 young Canadian students in the perf ng arts under its centennial scholarship program. The winners were aelec fields of dancing. instrumental. drama and voice and will be awarded annually Waugh 1901.

A Ford press release said the grants “are deal to en- courage greater partlcbpation in the performing arts young Canadians of outstanding prom- ise who deserve incentives to embark on careers."

This year's grants consist of 40 of $100 for the 16-18 age groupandatofszsofm-the lit-2o group.

Also. the Canadian Metal Mining Association. an associ- ation of Canadian metal produc- ers. has compiled a detailed list of films telling the story of min~ ing for use in schools. The As- sodatjon says the films could be useful in geography. social history and social studies classes and might be interest- ing in vocational guidance teachers.

a.

m

RIPLEY'S BELIEVE IT OR NOT

,_

[storms

$5.02!! 1333'"

—_..___

5‘3’1 pun—Forest Rangers too earn—RCMP Musical Ride eds—Live Longer

nesses - compared with peaks mg the corresponding 1963 pet- of 115 per 10.000 in the 1900-19 iod that left liabilities of $11.- span and the 142 per 10.000 av- 558.000. erage in the 1920-1934 period. Next to retail trade. the most The figures loom large by com: failure-prone business is con- parison with 1053 failures. when strucdon. Construction fit in s only 1.039 businesses failed posted 101 failures compared leaving 530304.000 in liabilities with 117 a year ago. and left I For punposes of calculating liabilities of 384127.000 compared I

In

' 3". p.m.—Golng M W 830 p.m.—Pride of '41s Family 900 p.m.—Csmera West.

i ‘1‘" ‘

q 1 failures. Dun and Bradstreet with 5.741.000. I m‘ﬁ”‘"‘"§"” M splits the economy into five The most failure-prone city m l“ 2'2‘:N":‘::;:‘gm:;m section s — manufacturing. Canada is Montreal. with 118 12”) prim—CBC TV News 3 O “EWPKI'EAOIO‘HBZI 1213 a.m.—loca| Weather ' . ” ONTHE’WIWIL’WE 1244 elm—Sign Off 5 m macaw? CKCW TV ' . > AntesATlElzrm! A 3.45 p.m.—-Stat!erl Sign On a News. Weather, Sports "I; srtoona 1.03 p.m.—Mlla. do Paris .t 30 cum—Vacation Time > | 5 30 pin—Forest Rangers 6"‘0 Kim—590m special UNITED NATIONS 'APl — vigorous pace last year and In. 63') v.m.—-Television Newa United Nations economists have . the early months of this year. ‘ ‘3 ‘5 urn-Walther reported that value of Their findings on correct eco- . 4 V ‘50 Dimi~5mm I World trade in 1963 reached nomlc developments were con- -' . ' 7.00 n.m--—lione| Playhouse about 853.000.000.000. nine per tained in a world survey to be BARON _7 j 7'" 5W? cent above the previous year. considered by the UN Economic PAUL "no" ofvmmal Austria, -~ 3 3” "’““""°“ MU“ AIM" “V0 mm 0* “‘9 I“ “d 3.31 Cmc“ 5' “5 me” PLAYED A BIN-MR0 MATCH AGAINST ""4595 ETTA AND DEBBY THEY'RE PiaAcrlcme NEITHER one or m P‘”“C‘"“” W'“ “835° “"5. chanted “P byI “‘3 09m“ my 1“ Gm” -CAPEFUL’-Y ENE/N5 546’” “07" AND WHAT GOES ARE JUST SlTTING sELr-cmm- THEM is some Nit-Al: . ° 30 P "l-—P°"Y Mm" North America. Western Eur-I Major attent1on at the meet‘ mks w TH THOSE t THEQE STAEING THE pHON: FOR A - '9 1° F "‘PSUSPGM TIM". ope and Japan tag “all. centre on the situtaion en-urmHm-l~--w Nam . I “"3 ' “re/SPACE mt HALF HOUR, 1‘2ng n-m;—N;g;VM:‘gamno Exports from Communist faced by the lesser d velopedI ‘ . - V I . P "‘-_C ' 'W' . . ' U - ti hlch now ma u the - A 2: . ‘2-‘5 '-"‘--V‘°Wr°i"' * ﬁlial:ng .3. 3313.3. UN membershllp. I DA" LY CROSSWORD mum mm >, ﬂ) 4‘; er . g .. 132° “""""-‘?."°' N‘""’"‘ NM about “300000.000. or between In this connection the ecu-3 A 45-EXNmS9 11 Funeral mmmm raga I a {Q (L: 3' F I}; \J ‘J‘ 3 ‘2‘ 5 ""‘"_s'g" 0" seven and eight per cent nomlsts reported that the prl- 1- 93‘ 46.1mm of bolt “"5 Emma)“ Hui-Lilli») x- ‘U , ( i k 5;“? .. c I vet-all. the economists re— ; mary exporting countries. into COVEPIHS' 3;”? 89m“ 15-5)ng ﬁﬂggl‘m‘ a5“ “2:” \‘R, " CFC! ported that world economic I which classification most of the . {02mm ~ I” 19 Keep. magnum mama I / .- w'mmm" growth continued at a fairly I poorer countries fall. generally I ' mm no“ 30' smph n :‘i eilllzl ‘ . ‘ entered this year in‘better eco- nude“ 1. Dog ' u 6.28—Slgn On 11.05—Joan Marshall nomw shape “‘3” m “‘9 I“; mums the 2.A1!ix 23.Ta.lk QSO—Naws and Weather “JO—Epsom Derby several years I spirits 8. Prince 1111- 25.ert~ €33-i-Country A Western Roundup “JO—Musical Pgr'l. 12. Country: 8. ward Island: a. Fiﬁ-News and Weather H.45—Music on the Heather AVERAGE. UP I m , I lbbr. ﬂuid Em POO—Hebrew Christian Hour IZOD—Jamboree Junction They gusheer “15.?! algirpﬁ: I 1'. Permitted 4. FT!th 27.3!!!“ 'm' h". 7.15—Country 8. Western Roundup 12.15—Tha Music of Don Manor price 0 Jo fI by law 5. Beneath rowing ISO—News and Weather I2-30—Maritlmo Farm I’Caat DI‘OdUClﬂ 1!! the mt quarter 0 I 14.6“ of Emmy“ “1mm 35.011181]. ?.85—Farm apart 1. _CBC News and Weather 1964 was am‘ mm per cegtI under- cry 38.A. Support asrpenlmm 7-41-4300er I Wat-m Roundup l-lS—Tommy Hunter Show higher Ill“ ‘0’ the “MRS?” ‘ 1 world: Ro . Wine 29..— boraaiie 40. Hindu are BOO—N w: l.45——The Open Road Show In"- Wrmd lam yeal' Mark” 15. Greek letter 8 Broken tn :10.Apoodle Ell-Weather l.59—n.0. Time Signal ' Prospects for the, "mm 9’" i 17.Ada.m'a wire 9 Juice :31. Loophole 42.3111 king of E's—Country 1- Wuiom Roundup zoo—in. Open Road Show Downs “mm” ."‘ “‘9 "mm" 13. 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"indicating £th imam?“ :8 01111911191": If“ I “'“‘““ ' ‘ TO OO—News and Weather 60° CBC New, 5. weather tion of the process O 800 . « V- r mos—Nam and Music 6.15.0n Parliament Hill from the very low level of ou-l- so. Beast of a :Elélbtgmz- EAméﬁT i AM woo—New: and Weather 6.20-Todsv'a Editorial put of 1960 and 1961. g ” madam. musmuu ISONTHE To 5 ' MYOWN IDEASOFHOW Leavmst' 11.05—Notea and Music 6.25—lnllnd Weather . 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