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Show THK HKKAl.D. I'rmu. - Papo2n- Itah. Friday. June 25. 19K2 Business Failures 0 Ik SMJE DM MLV Soaring a rii -failures soared YORK NKW Business for the second con- secutive week, brinping the total so far in to 10.978. hiphest level since the Great Depression Dun & Bradstrect said Wednesdav failures for the week ended June 18 to climbed 548 higher than the Mm 2 aturdav. from the reported the previous week and were 49 percent 532 36 on all markdown furniture, Save an additional 25 for the same period last year reported The credit-ratinservice said this marked the second consecutive week lb in which American business failures reached of the Great Depression more than 50 years ago when 100 of every 10.000 businesses failed D&B said if the current trend of failures should continue, about 80 out of every 10.000 businesses could fail this year, compared with about 62 out of every 10.000 last year. D&B no longer has weekly records from the 1930s, but based on annual rates from the Depression years, the latest ievels mm Willi r Vr,-- r JJ Selected wood rockers. Orininal w"y,liai Markdown LeSS 25 $22 Price 66 ea YOUr week's casualities were the highest since the weekly average of 612 recorded in 1932 The 10.978 failures for the year so far are 45 percent above the 7.594 during the same period last year with the average weekly total 457 compared "with 316. If the record pace continues there could be more than 74.500 business casualties in 1982. A spokeswoman for Dun & Bradstreet attributed the sharp rise in the rate of business failures this year to the recession, especially "a very severe slide in key industries such as autos, steel and construction." William Dunkelberg. Your Price each Your Price iuw.is z $88 Selected rockers you'll be proud to own. Constructed of selected wood and wood prduc,s and finished to a lustrous gloss. A great gift idea Rckers not exactly as shown. 374.25 sofa. Walnut-trimme- d Orininal Uliyu,ai Living room or family room furniture with walnut-triand reversible cushions. Available in beige corduroy Olefin fabric. 7QQ m McirkdOWfl $499 Less 25 124.75 Matching pieces also on sale " 374.25 Your Price Pieces also sold separately. at Purdue professor University and economist for the National Associaof tion Independent Business, said "business still is being squeezed by lower sales, which has forced widespread price Your Price cutting, while costs haven't fallen enough to compensate." Sofa and love seat set. He said wages, one of the biggest costs for business, have risen 6 percent at an annual rate so far this year. Some analysts attribute the increasing casualties to prolonged high interest rates that have hit small-an- d medium-size- businesses $1,348 $1,048 Original Markdown Less 25 $262 d especially hard. But Dunkelberg said "high interest rates per se don't hurt if you are generating enough sales to move inventories out. The problem comes when inventories don't move." D&B's figures J - - h- 3f Your Price include voluntary bankruptcies, forced bankruptcies and companies operating under Chapter 11 of the federal bankruptcy code, which gives them court protection from creditors $1 I Less 25.... Contemporary arrangeables offer a new level of quality in modular furniture. Set includes: corner, armless single, armless sofa and one-arsleeper, one-arin multiAvailable single. colored Hercrlon fabric. $529 .. Your Price that paid all their creditors after going out of business. Dun & Bradstreet said. m $1,578 m A' Minting of Your Price Silver Coins 3 In an effort to strengthen and protect the U.S. silver market and Idaho's silver industry. Rep. Larry Craig introduced Wednesday iL- legislation calling for the minting of silver coins PL, from the nation's strategic minerals of the Treasury to mint and issue two of coins. One series "Morgan" silver dollar and contain .7734 troy ounces of .900 silver. The second series would bear a silver liberty design selected by the Treasury secretary and contain one troy Of three important objectives " the Idaho Republican said "It con- tinues to reduce the amount of silver in the the market-place- . PriCe 224.25 I . YOU r course you can charge it JCPemnney ounce of .999 fine silver. "This bill will achieve rupt 74.75 S299 Create an atmosphere of elegance with a traditionally stVled bedroom set. Crafted of wood and wood veneers. Brass finished fixtures. Set includes: dresser, mirror and fullqueen headboard. Matching pieces also on sale at similar savings. Pieces also sold separately. 30-5- same design as the stockpile $dQ Wliy"iai MarkdOWn ri-- r LeSS 0 0 on selected furniture items throughout Save the furniture department . . . Shop 10 a.m. to 6 p.m. would have a face value of one dollar, bear the without -i Orininal the secretary series ' ill 224.25 piece bedroom set. (UPIl requires Pieces also sold separately. Matching corner table also on sale at similar savings. Pieces also sold separately. Seeks stockpile. The bill Matching pieces also on sale at similar savings. ,578 $2,435 $2,104 Original Markdown... not include companies WASHINGTON 786 Your Price French-styl- e sofa and love seat. Traditional furniture with country flair. Available in 100 cotton floral print with blue background. Versatile 5 pc. group. while they develop a plan to reorganize and pay their debts. The failure figures do Bill $786 Provo dis- m Orem-Universi- ty Mall Percentage off represents savings on original pricing. Does not include entire stock. Intermediate markdowns may have been taken. Merchandise advertised not available outside normal delivery area. Small charges for delivery within normal delivery area. Phone for details. Limited quantities. |