New Britain Herald Newspaper, December 7, 1923, Page 21

NEW BRITAIN DAILY HERALD, FRIDAY, DECEMBER 7, 1923; ELECTRICAL INDUSTRY IS DUE FOR whole, the industry should do a good (the growth of radio electrc power |few months it is more than likely business in 1924, For the long pull, |development. |that electrical equipment issues will | A R hn WONDERFUL GROWTH BABSON THINKS the outlook is stronger. Some day| “It is interesting to note, further- turn downward in accordance wnlh‘ lc ess 0 avor the railroads will electrify on a large [ more, that the peak of this group last |the trend of security prices as | scale. The super-power propositions spring was the highest point ever |whole. They will then, of course, | now awaiting legislative sanction in | reached, 36 per cent above the top of | participate in the broad general rise.” | P0c°mfll0lldl &Lflv.\' Hills, Mass., Dec. 7.— favored with a good broad demand.|various states will, when establsheid, the 1919 post-war boom and 29 per B W. Babson has just completed | Orders in connection with the manu- |bring railroad electrification vl‘r\'wc(\nt higher than the 1915 war peak J 8 survey of the electrical industry. |facture and operation of automobiles, |ncar. Moreover, electricity is still in |In other words, the stock market has ANNUAL THANSEER | His findings. summed up in a state- |and also with the building boom has |its infancy -great development is|lent material emphasis to the thought Washington( Dec. 7.—Admiral Rey- ment issued today—indicate continued | been very good. Furthermore, thnwlruhalm in many different avenues of so often expressed that ‘this is an nolds of the coast guard has ordered rapid growth for the industry and are [ growing use of electricity in the home | use.’ electrical age.’ the annual transfer of coast guard of unusual_lnlcrext to investors owning |and in industry has fostered an at- | Turning to electrical equipment se- “What the future holds for these Personnel from the Great Lakes to | the securities of these electrical equip- | tractive marke. This tendency is curities, Mr. Hahsor S ating staoks ia, of course, dependent upon the eastern scaboard for service dur- ment corporations, still strong and may do” much to| A p ing the closed navigation season on “The long trend in the growth of |Support the business during the Electrical equipment stocks have | the earnings of the industry that they the Great Lalkes, it was announced to- the electrical equipment industry is|aquieter periods that may be faced h;'l'll “'t‘ll i:(flai"st the declining trend |represent. From a very long swing | day Tn A strongly upward,” says Mr. Babson. |n€xt year. of the stock market since last March. | point of view there would scem to be Some of the officers and men will ;"Fhr industry has had a remarkable “Considering all electrical equip- | The !wo“!t mtlmg] listed issues in this|room for 'still greater carning power proceed at once to guard stations ORANGE PEKOE BLEND ncrease in every item of importance. | ment, apparatus, and supplies as a (ETOUD. estinghouse and General \and still higher stock prices than along the Atlantic and others will fol- All companies havé, of course, not|whole, «I:.';tlsucs show that the cost of | Electric, are off but 7 per cent from have yet developed. 'lf‘r:"luin!y any low as stations and equipments re- to the most dincrimin.ting tea drinKer. done equally well, many of the smailer | raw materials used in their manufac- | their vear's high as against a decline |railroad electrification program quire additional strength. Officials | mn](-,crns that rushed into the business|ture average 45 per cent of the manu-""’; d‘le *:1'1“5,;:?15 of h'hxhlh over 13 adopted on a large scale would mean | said the transfer had no connection v vithout experience or financial back- | facturer’s selling price,—direct labor a | Per cen 8 is quite in keeping only one thing, substantial earnings, | with the coast guard's campaign | F * k R U H ld Cl fi d Ad ing having failed. On the other | little over 20 nrrpcem Inasmueh as | With the continued activity in building, to these propertics. For the Mg\s' against rum .-nnm:m o or Q“lc eturns Use Hera assine vis. hand, well managed businesses with|this industry uses approximately 175 | : competent organizations have thrived. | diiferent raw materials, the trend of | “The basic trend of electrical de-|costs has a close relationship to the | velopment is more strongly upward |trend in raw commodity prices. Costs than the basic trend in general busi- | have, therefore, averaged higher this ness. Tt is so strong that depressions | year than they did in 1922, but cop- | in general business such as the de-|per and many other raw materials | I : r 4 pressions in 1907, 1914 and 1921 | have been declining since last April, | I cause only temporary slackening in|so that alert executives have had op- | | § electrical lines. This strong growth | portunities to buy at somewhat better | . : is exemplified by the increasing use of | jevels than that represented by the | L ’ ~) electrical power. Electrical horse- | average. power used in manufacturing in- “Reports from various quarters in- creased from 8,835,970 h. p. in 1914 to | dicate that prices of electrical ap- 16,317,277 h. p. in 1919, and is now | paratus and supplies have, on the/ estimated to approximate 20,000,000 | average, shown but little change dur- | . p. or nearly 70 per cent of all the |ing recent months. Inasmuch as | Special power used in manufacturing. This | costs have been higher this year than | latter percentage compares with 55 |last vear, prices might reasonably per cent in 1919, and slightly under | have also averaged higher. this year | ) 40 per cent in 1914, The tottal out- | than they did in 1922, but copper and | Boys Apparel put of central stations, which furnish | many other raw materials have been | | approximately 70 per cent of all tthe | declining since last April, so that| % electrical power used in manufactur- | alert exectuives have had opportuni- | Boys' Beacon bath robes ing, has shown a similar growth. |ties to buy at somewhat better levels in a fine and very large as- The market for eclectrical industrial | than that representetd by the average. g | S n: laids and In- equipment has kept pace with this| “Reports from various quarters in- 3?;;“:;952;;“5 Sizes 4 to 10 development, | dicate that prices of electrical appara- | OUR GREAT REDUCTION VALUES IN e . : - | years, $3.95. Sizes 12 to ‘Notwithstanding the strong growth | tus and supplies have, on the average, 5 in the production and sale of elec-{shown but little change during recent ° 18 vears, $5.50. al equi - Tnasmuch as costs have been | Fur Trimmed b Boys’ high grade sheep- trical equipment, apparatus, und sup- | months. lined O’'Coats, with mole- plies, all concerns in the industry are | bigher this year than last year, prices | creasing costs this year have appar-|higher. Competitive conditions, how AR Ua® ently tended to neutralize the advan- | ever, plus quiet conditions in general ) \ skin She“,‘ b(d\e)'llh‘d C.OJ' tage of larger sale Moreover, the | business—present activity as showr 3 » lars; an ideal holiday gift. competition of the larger concerns is|on Babsonchart is ¢ per cent below [ E 3 \ B | Sizes 6 to 18. Value “Hartford’s Store of Christmas Gift Shops” not now equally prosperous. In- [ might reasonably have also averaged apparently hurting many smalicr con- | normal—have tended to counteract I / $10.50. Special at $7.95. cerns, It is true, however, that some [ the effect of rising costs and there| / / : d |w‘<.|.a1|:.»,- concerns _ catering_to has been more or u;.l. |rr~‘1:uln,r|ly"u; Are exceptional because of the quality of the furs, i A very fine assortment wutomotive industries are doing | prices, This condition is expected | fabrics and details of workmanship. The styles are ‘ of Christmas four-in-hands well, to continue, | . : : i i i “The industry has been especially| “Consdiering the situation as a those to which the season has given its warmest ap- and silk knitted ties. In proval. : i Christmas boxes. Special The attractive prices at which these coats Boys’ jersey and tweed | ‘ at 5dc. ! are offered represent recent reductions of sl \ suits in blue, grey and 10% to 20%. They are from our regular t ' ; | heather. Sizes 3 to 10 I [ stock and are of unusual quality. | /l vears. Value $6.50. Spe- | cial at $3.95. $39.50, $69.50 $79.50 up to $98.00 / p Boys' wool two trouser suits in new winter pat- g i ed coats, stly oge of & / D Starting Next Monday T s e ety NV | " Fect, Chtot and herringbones. Sizes 7 to 18 years. Value $12.95. Special, $8.85. Steiger's—IFourth Floor .3 Months in Steiger's—Second Floor, HOw Yok A On Sale Saturday o e Saturday Special $2.00 Silk and Wool : e | 6'10083 The Great Advance Sale Women's cape skin gauntlet gloves in tan and TI i: NN I i: HAI I IS | brown. Per pair, §2.25. Women'’s Extra Quality $22.50 — $26.50 — $35.50 Mocha Gloves, heavy ero- chet backs, in grey, beaver Silk and wool dresses taken from our regular [ and brown. Per pair $3.75 stocks and priced at substantial savings. ° ‘ Give a glove certificate Many of the dresses have been regrouped for this Christmas. I Saturday’s sglling in order to effect an immediate ; ! Steizer's—Main Floor. clearance, further reductions have been mad., Values to | ERSLS L RRSer I There are smart models for both street and aft. . . 3 : . - | ©I'noon wear in sizes for women and misses. Hundreds of the prettiest hats t‘ha( Paris couw: I contrive—reproduced, and offered in this great annual | 5 o P thtlc Old Newn)rk The fabries include satins, silk erepes, and | event. : SATURDAY SPECIAL - | if wool l_\\'ill; in straightline }'fl'(-fls trimmed with . | embroideries, beads and plaitings, Steiger's—Iourth Floor. Knlt Steiger's—TFourth Floor. Crean, Soloist || Saturday Specials S Women's union suits of fine combed white cotton, A Special soft, elastic and durable CHRISTMAS FEATURE varn Light medium weight. Bodice tops and X u 5 i, L 3 k veless, knee n’s e silk chiffon hose, in three seam low neck, sleeveless, Women's pure silk chiffon hose iree se length., Bust measure 36 . “ " 8 3 se pss fee! cer| s. Value 3 sure The Da“cm me:h DU" N " N L . VRN e REERE S NS cial $1.00. Women's pure dye silk hose in good weight, rein- Women's Union Suits of forced heels and toes, garter welt tops. All colors, fine combed white ecotton, and the Special at §1.59, silk fibre striped, light medium weight, low neck, Steiger's—Main Floor, sleeveless, knee length in “ H ” Steiger's - um l" ac sizes 40-12-44, Value $1.65. Special $1.35. Women's light medium Appearing Saturday and Daily { Downstairs Garment Store weight white Cotton Union . . ! ts, fine ribbed. Shaped Suits, fine N b rlstmas l ts A new novelty for the entertainment of Christ- sides, da‘wf R{';u;n fla‘(l]olc}\' | mas Shoppers introduces tomorrow Master Raymond o ' a - . . stitched. alue 31.15. G. Arnold, one of the youngest female impersonators ATTEND THIS SALE SATURDAY! Special T5e¢. Master Arnold is a pupil of Walter ! u'}' New England. : S i e = U. Soby. He will appear every day at thiz store be- Wonderful New Steiger’s—Main Floor or l ren ginning tomorrow—Saturday. Mothers bring youn = j children to see this novelty. ALSO | DR IE I'SS E :S Special Christmas Offer KATES SLEDS SANTA CLAUS IS HERE! BICYCLES VELOCIPEDES | oo 814 o Safety Razors dresses dresses R(‘;zular 500 COASTER WAGONS AIR RIFLES : -1y ATHLETIC OUTFITS | Sales m Progress You will be surprised at the great value (American Boy) Handsome gift sets, Gil- Reduced COATS Reduced e e gl Je December Sale of Shoes ?':I\'ét l]:!':(‘('(; by -These In order to move out a large number of our Down are not specially made for ™ il Charles E Hadfleld I P Stairs Coat stock we have taken big markdowns and this :alc but are the regu- . Lingn Towel Sale adjusted the prices to the time of season. Smart lm 85 sete marked down models for women and misses in the style effects most | for .\aturda) onls Gifts Are Lower | Men's Brushed Sweaters, $1.95. favored this season are offered at great savings in = prices. Buy vour winter coat here tomorrow. Steiger's—Main Floor “Just Around the Corner” 21 MYRTLE ST.