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Show I ! Gives Statistics on Davis County Business redil ratings and keeping t : e i n op to-dato, every year 1 he ered ;l icpo. i ing agei;e writes to ali businesses who ai e iis't d in the Reference :liook to reipiest their year-end! balance sheets. Smith says thai this letter speeds up tiic Ih'W and processing of some of the tacts on which credit latings are based "Moie than 95 pel' cent of all commercial Statist ics released today by D. I',. Smith, district manager jof the Salt Lake City, Utah oiliee of Dun & Bradst root . jlno.. relleet the trend Of listed dirms m Davis County Luring the past five year? Figures ohtaincd iroin d physical count nl the Dun & Bradstroet Ret- e'cnce Book for November, 11957, totalerl 5().i manufact ur lion business sihlngj .'or ever 50.0(10 coninnmi! ies in too United Slal"s. It is publi.-hed every sixty days to keep list .ings iiirrent. During the pai sixty days nearly 63, 000 ness-iianvs ness-iianvs were ac'ded and nearly tid.OOO names wore removed Cledit ratings Were elianged (luring this period on more than 10(1(11)0 business con , coi ns symbol is a number. It reflects appraisal of the background, operations, financial stability, and payment record. Each Reference Book listing which includes the rating, is a cm den.-ed summary of the information in-formation contained in the Dun iV Bradstroet credit report re-port The report includes a history his-tory o! the business (who ow lis il. who runs il, and how long it has been operating); a description of what the business busi-ness does and how it does it; a financial section (which usually usu-ally includes the latest financial finan-cial statement); and a record of how the concern pavs its b.lls. ; W hile credit reports are pri- manly used by businessmen who want to evaluate the credit cred-it risk before shipping or sell-jing. sell-jing. insurance undor-writers .also use credit rgports to review re-view risks, rates, and coverage for fire and othur types of in-su in-su ranee. '. ran -actions in the U S. an made on credit terms." he added. "The purpose of the Refoieece Bonk is to help Ine-i I'.essmon m any pint of the coiuitiy make credit decisions to ship or sell lo businessmen ,n any other part of die eoun-iry." eoun-iry." j The credit rating is one of (lhe key factors in approving orders to ship or sell. The rat-'mg rat-'mg consists of two symbols Tho first, a letter of the alphabet, al-phabet, indicates financial strength or tangible net worth of the business. The second iis. wholesalers and retailers, tin this area as compared to 1432 listings in 1953. I '1 he Reference Book, inci-dentallv. inci-dentallv. only lists manufac- tunrs. wholesalers, and retailors. retail-ors. It does not include some :ol the service and professional businesses such as harbor and beautv shops, stock and real estate brokers. Thus the figure for businesses in Davis County would actually be higher than the 503 quoted above. The Reference Book con tains approximately three mil- I ' 1 1 : 14 the Dun it Bradstroet Red rence Book listing as a guide, it is interesting to review re-view what has happened in the six principal Davis County communities during the past fi e v ears: Nov. Nov. Inc. ' 1 957 1953 Bountiful . Dili 153 2H"; Centerville 'S2 l:: 22'! Clearfield 99 HI 2'."'; jKaysville 33 35 6'" 'Layton . f!3 i!3 (); Woods Cross 31 31 ('; As one phase in revising |