Norwich Bulletin Newspaper, January 2, 1922, Page 11

NORWICH, CONN, 1921 BUSINESS TOTAL SHOWS $997,108,038 RECEDES FROM RECORD BREAKING [T New London County Manufacturing For 1521 | CHAMBERS OF COMMERCELOOK' UPON HIGH TIDE MARK REACHED IN T921] Siowme e Aopresimmte Wate o o the Vb o e P s . | COMING YEAR WITH CONFIDENT SPIRIT — 4 5 > Wages N\‘;':l‘:::f Product Wages Nw(l:l::?fr;’nduet W-uefu Val:::fn;roduc! Total in Banking, Manufacturing and Job-| ¢, et TIEOSR ¢ wew ¢ maw ' Sime 30898 | Business Men Predict Early Resumption of Stable Conditiont bing Lines Was $1,214,827.353 in 1920 g:.zld:fi";“w ; 1%‘;?‘;3 %3395% L iemE e §1§§§§ fié&:fi in 1922—Manufacturers and Merchants Anticipating el Tl el e s e R D ; Prosperity Period For All Communities in Territory. NET DECREASE OF $217.719,315 Uechineryihiework s R0 i Cueee Sl . Totals . ..... Total wages Total value of manufactured product. $28,389,368 $ 4,612,967 $15,315,162 m 2 th:nfidenoo in the :nming twnlv_o(mn(hs in business for the communities $16,015178 in this part of the state is the spirit that animates the officers and mem= o '795:046 bers of the Chambers of Commerce as they look ahead. Merchants and man- ufacturers will share in the return to a stabilized condition in industry and S ———— trade. The incoming tide of normal conditions is already visible and East- ern Confecticut communities have abundant reason to hail the coming meonthy with enthusiasm in the expectation of a bright and prosperous year. BUSINESS GETTING BACK New London County Business Total Was at $747,929,351— Windham County Had $249,178,687 — Big Mills and Manufacturing Industries in This Territory Showed S\mul- other textile line, silks and velvets, hav- 1920 to 31, : Ry ing 1,117 workers, a slight increase in | 850,924 in 1 ler Business Figures—Banking Totals Were Likewise wage total was shown last year with 3,100 in wages and $4, | creased business, having had 620 work- 1 ers in 1920 with $900,050 in wages and . B | \EW LONDON INDUSTRIES $3,010,000 in product'as contrasted with £ HORMAL O ROL e 2:‘: times which never - failed f{g | : S . |wases at $1,284450 and product at §7- FELT DEPRESSION SEVERELY | (e 1921.fizures of 420 workers, $515.000 | 7 0P Norwich is the most diversified indus« Less Than in 1920—Total in Building and Construction 032,000 as contrastea with §1,256,690 in R S year 1921 was one of business re- : - trial center of any clty of its size in the wages and $8,064,563 in product the year | NeW London was probably the hardest | ., action to inflated values and false pros- |country. The men at the helm of our £ That Y. o hit of any place in eastern Connecticut i before. S Work Was Near Figure of t Year. - Textile lines in New London dropped |Perity. Business has become more sta- ;“mm"fia‘ life are men of integrity and Paper and belting manufacturers show | PY the slackened period of the last 12| off, manufacturers of silk goods and |bilized and this tendency still maintains, | [Ith: Because of the fact that we are 1 i i 1i forta . a diversified industrial city, usie smaller wage and product figures. Em- | months, both manufacturing lines and fi‘;’;‘d:f‘;‘hlfin e'('l'ir;l}?s:‘ig 3’1“’8‘«2 M‘fl.“i The history of business in this country |ness dvpr:«mn expe‘r‘i#n:ed) ;:a :-hm: - ploying abaut 425 men thes aritime work at the shipy: 1 21, disburs :020,000 i < ; ] s . “ by oth For 1920 the voluma of Eastern Connecticut business reached the highest | 2}%'78, 2200t 125 men o Where New Tondon omoaed aias | wages and manufacturing 36,005,000 in |'$, 9% of cycles. Periods of low prices |Connecticut cities, - even bigger than i the Bulletin has been making its annual summary|duct last year as compared.respect o here New London showed 6,781 product, where they had employed about ,;‘ igh prices occur with a great deal|N Wwich, has been minimized in this Sel SN TIRATE SIS -t O e : don, | With $676,700 and $4,927,000 in the pre- | Men employed during 1920, there were|2.170 in the preceding -year with wages L TeBUlarity. American business does |community. Business is getting back ta 3f the banking, manufacturing and jobbing lines in Norwich, New lLon on, N_‘d ng‘ twelve months. Foundry and lrop | but 4,044 in 1921; wages foll off from a | At $1,335,000 and product at $6,960,000. "_‘f‘a =;> forward on an even keel from |normalcy and Norwich has every reason Willimantic, Putnam, Danielson and the surrounding territory thatincludes| & .= /0 "enioveq 206 decreased to total of §8.207.250 to $4,812,967, and to- | [0 the misceilaneous lines there was a ;;d"p:":lc;”-rl;;:! Cl:_:‘a series of booms tog;:fl."iv;}hbrj‘th.hr-mSpM:nus year. New London and Windham counties. That year the grand total was shown |5215,000 in wages and $400,000 in pro- |tal value of produot decreased from §23, | SLob, from e TIUONER b UL o itour yese e B T | e I T e s Commenta 3t $1,214,827,353, which was $30,328,674 more than the year before. t;ggla::j 1;5%‘7 fifsl';?rrlln tl‘;znfigures of $34 I:?m;:?‘ :;Jm“sl 31 Liv'e s;y:ec&&sg“d).:w 598, and in manufactured product from |™MOre severe period of liquidation than 2nd soclal welfare of Norwich. It needs AT : : rE eiTida s Shd othsis: Have b OF | $2564,300 to $2,012,162. ever before in the history of American,the active support of cveryome in the plo :nm‘ni:c:zmlr:'“ax:me}fi;()ds“i‘c: e e f‘“s‘".‘ss-f ‘?‘9 strength of -our nation | commun It strives to create a civic g W b T s : es in faith in the United S ; ride in 01, with product of $433,000 in Firms classified as boller and iron | MANUFACTURING IN PUTNAM genius, the brain and |hnedhr2::1:est>} ”r:: a'ni!: ngs for the community's - 9 as cnmpgre? wm\]qsr 36 and ::fl:mn?:dsv ":gz’;mi.“"vsn;\:fh ?fif»f“l‘q;'; SHARES GENERAL SLACKENING American people, Honesty, integrity | fare. It hopes to secure the confidence $661,770 respectively n 1920._ arms | wages duct in 192 x > 21 |and dependabilit; | wil e e New London county supplicd for the 1021 total §747,929,351, where it had |and cutlery works, wnich had 459 work- | as compared with 100 employes, $318,000 | Putnam's mills had slack time in 1921 Prndabllity. eve characteriatic of |and good-will of our people. No mattr Deflation has been a word on every tongue in 1921. It is found to be a eality when the figures for 1921 are assembled as they show a grand busi- ness total of $997,108,038, which is $217,719,315 less than in Eastern Connec- cut in 1820, - iy g, | that brought their fizures for wages and | thiS nation. Therefore, when business|What city one may visit one will f = 7 # v al 2 in wages and $460,000 in product in 1920. = .4 i ) yiven §913,746,151 the year before, while Windham county showed in 1921 a|°'® v:hfir?"“fr;]filn:ducé‘r':é‘?c:' e ing | “M,‘,f;'m,? ami it "“;wk t dmmd’ymducz down below the big mark of ‘;:i';;l’:'g*;ms senmo: d{:omod. they have un.lvh-mher o gmneccs Sty 7 f 202 i il Sl ! P = g v v 3 y come back stron; ¥ - |striving for that communi susiness total of $249,178,687 which had been $301,081,202 in 1920, 500 in 1921 fo $565,000 in wages & from 3.010 employes, sqx.seo.ouo in v\'aga|;iaflrq':’:f‘7‘re'i“ T;;:‘D Jrasts ";;Sto?:;\g hmr} fore.: Andrew. Cirneste :"qgffw;":: «:fi sk Yoy e e it $1,051,00 i Miscel- [ and §10.565,000 in product to 1,358 em-|$1.090. 2 \ ew Carnegle s qu s stat- sity n o rate reductions and shortened time produced smaller figures for the|$1:051,000 in product in 1 Miscel 5,000 in produc 53 em 5 @ snatiatel e : 5 & 0. | v d_total product value decreased | N5 “In times of depression and quiet-|the part of veryone : laneous industries which gave employ- | ploves, $2,262,425 in wages and $4.670,- |Year, an D % &y g e he large textile mills and other important industries in Easbern!ment to 1,232, dropped from $1,631,720 | 000 in product. Manufacturers of metal |from $6,300,000 to $4,005,000. ess of trade, I used to prepare for the oriers i;’;fl loc: 4 ;‘:,"‘; et of enar necticut, but total buildirg was well maintained. in wages and $6,034,750 In product in | and iron rroducts likewise showed de-| Cotton milis dropped from $390,000 to merce exists for s to bring In new in- 20 - Total wages from manufacturing industries in New London county were O itstoes rages and from $1800090 | (Goptined on Pase Seven, Col One) Lout 25 per cent less in 1921 than in 1920, standing at $22,656427 a year £2 420P00 in produet. ‘Wil ticre was ago and at $10.u19,1 v iast year. In Windham county the industrial wage dis- \ because one mill that has been closei % - J\-!’Se".e;‘ ’v‘;a:;;;own at §$9,447,018 in 1920, In 1921 it was $6937,139, a de- Windham County Manufacturing FOl' 1921 the year before was running ‘In 1921, |these flgures were $3,064,062 and $11- crease of $2,508, . | Woolen mill wages ran at $295,000 and | 983,037 in the past vear, . XS % w 3hroduct at $1,210,000 in 1921, where In the cotton industry the 1 Thus total wages showrd a drop from $32103,445 in 1920 to $229523171/] A Summary of the Manufacturing Business of Windham County for the Year 1921, || tnev » -3 Fosd were respectively $200,000 and |foure was about $319.319 w n 1921, which was a decrease of §9,151,128. . . [ $800,000 in 1920._ The silk mils re- bt i el Showing the Approximate Wage Total, and the Value of the Products Turned Out. | cordcd a siightly decreased wize fizure, |2t $757413 as aga Total banking in 1921 was $801371318, consisting of §626,736867 in Now n county and $174,634451 in Windham county. In 1220 it was $922,7903%, | Showing $105,000 where it had been [and $1,256.313 in e T on i f”""“";; o5 ‘n’:)%"'t“‘;mgm’:‘mt ouhaneed | ing year. The silk and velvet m g tliimantic utnam er owns i from ) ) o 900, . ther in- " 4 f $727,933,701 in N Lond t: d $1924,857,142 in Wind- | . e el close to maintaining an e - C‘:_t; $ i Lontot connty Jand ST St Wages Value of Product Wages Value of Product Wages Value of Product ;:‘s‘““;“: h:glclsfine’(iv\::g: ;11'.1]—1:1'1‘!10“ two atin: B RisTEI0.08 Cotton mills ..........$ 319319 $ 737,413 $ 200,000 $ 895000 $ 2,194,077 $15,255,000 |1 00 o e $a75 000" n 1920, witn | $2.365.000 in product NORWICH WAGE FIGURES SHOW $28.389,368 in 1921 as compared with [} Sjlk, silk throwing 390,000 2,365,000 105,000 900,000 % % % product value at $1,000,000 in 1921 an3 |these items were §38 $2.640,- SMALLER- THAN- A YEAR AGO | 2 in and $40,756,140 in [} oot 0T 295,000 2,255,000 [ |$2.700,000 in 1920. 0% the sear before. am e 55 A e & X 255, LB < manutacturing plants expert- [* 0 Y L 00 were || 1ron, metal work 206,633 L S ) ; R ffect of char conditions in | emp r = Other industries . 2,148,110 8,331,000 180,000 549,624 et 000 $2,475,000 in 1 1724000 {| WAGE DISTRIBUTION LESS | | IN WILLIMANTIC INDUSTRIES | 336 in wages a t as some other com- | product from., $12,180,000 : Willimantie wage distribution from its | the other. Indu ) ity Wemkte. Wers | i the el ing Totals . ouiie v $ 3,084,002 $11,083,087: .- = § 780,000 $19,234,000 | industrial plants shared the generai ex- |'misceilaneous ci ugh the [the wage disbursement fell off from Total wages .o . .$ 6,937,139 ll’\“l'lPhCe in 1921 in showing lesser fig- | their flfi!!.h mark in 19 where | 220,000 1n 1320 to $1.100,000 in 1521, ot bloF hanfactarad product. '$35,222037 | ures than in 1920. While the approxi-| 148,110 in wages and 38 7 e total wages | with product value shown at $6,250,000 | mate wage total was $4,199,018 in 1920 t in 1921 as contrasted W 87 e of product land $4,480,000 In the two years. In an- e ————— With Value of product at $14.544,044,18 and $14.544,044 respectiv ,108,03 Is the Aggregate of Monetary Transactions In Banking, Manufacturing and Jobbing ~for New London and Windham Counties During the Year 1921 NEW LONDON COUNTY THE MAGNITUDE OF THEIR BUSINESS WINDHAM COUNTY Manufacturing Business Norwich New London Other Towns ! Manufacturing Business Willimantic Putnam Other Towns sots s oo | INTERESTS CLEARLY SHOWN | moee- = Woaisn milfe 7,440 1,621,000 e Bt A 3,817,721 Foundry, iron works . Silk, velvet, otc. 2,010,313 Firearms, cutlery, files. o : - AR Woolen mills "4,197,000 et o : ; In securing the figures herewith The Bulletin is indebted to the Silk, silk throwing . Paper and belting .... 3 custodians of the accounts, and thanks them for their prompt and Other industries ... Machinery and shipwork T bligi Ex A 2 S baififog b S Other industrie. . obliging responses. cept in a few instances there was a ready re- Ao i AL S et T R . £99.675 sponse from those approached for information, but where estimates had i to be made, they were carefully 4 : L / ooy Tolls ;12 L HTORITE §25603514 $26,34,996 fd 7 gud Total for cOUNty .eevee.. ¢ $50,649,236 Total for county . Cererriesiaietiennneeiiasesnanes..$99,077,484 The greaterpartofthe fimswfl.e based upon amounts m“.ny/ % j Jobbing Business : taken from the books of the business houses. The promise to disclose Jobbing Business Willimantia Lumber and coal 5 : 5 e 3 g Lumber and coal . $ 1,500,000 ; no business secrets will explain why in a number of instances it has been Mill suppliss, cotton, . 4340,000 Mill supplies, cotton, wool 2,096,000 000 Packing houss products . 2 necessary to assemble several lines into one sum. The immense figures Packing. hioues produots . Groceries and tobacco . < soaeel . A Groceries and tobacco - B Sooke mr slethins .. S 021 reached must be a surprise to all as it is to The Bulletin, and the residents Dry goods and clothing . Ales, wines and liquors . of the cities and towns of the two counties can well feel a pardonable e butiae s Fruit, produce, butter, ot 625,000 Drugs, medicines - pride in the magnitude of their businzss interests as here shown. Do imjeliciue s Hardware “supplies . Painters’ supplies Painters supplies e ;3B 8 | Total New London County Business $747,929,351 | &z “ Totals . ...... Tot: Total Windham County Business 249,178,687 | 4 i N ich Banking Business Willimantic Putnam Other Towns Bnr;‘kmn Business < orwicl New London Other Towns . Savings bank deposits....... $ 2176972 § 2540748 § 4,841,200 EmE R S VA y o rand Total for Two Counties $997,108,038 | i e “wmae i ransactions of a i kS$..00oee 1978,/ ) 2 ¥ and Savings Banks....... 331326395 224,731,061 13,184,928 ’ 'y nd Savings Banks. 4 Total transactions ....... $364,964,260 $245,065,811 $ 16,706,796 st e | Cnd Tolm 1O - SEERRERR . e T $174,634,451 - Total manufacturi 59,649,235 FOtaL JOBBING ... cicitieei s isavens 9 X Total jobbing ....... 14,895,000 e et e e e e et