Newspapers / The Daily Advance (Elizabeth … / Dec. 7, 1923, edition 1 / Page 2
Part of The Daily Advance (Elizabeth City, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Electrical Industry Grows Roger Bali-on, Statistician. Anal\/r* Todax tin- S?<-uriti?'s in This Particular liulu*tr\ I!) ItOtiKK \V. IIAISSON Cod?i ifrt f,f It rh? Uan* Wellesley 11 ills, Mass. December 7?1 have just completed a survey of the electrical industry. My findings, summed up in a statement issued today?indicate continued rapid growth for the industry and are of unusual interest to investors owning the, securities of these electrical equipment corporations. The long trend in the growth of the electrical e<|i?ipm- nt in dustry is strongly upward. 'I lu industry has had a remai!:aUe increase in every item of im portance. All companies have, of course, not done equally well, many of the smaller coacesnr. that rushed into the Iju.iiress without experience or firaiii-ial backing having failed. On the other hand, well managed bus inesses with competent organi zations have thrived. The basic trend of electrical de velopment is more strongly upward than the basic trend in general bu siness. It is so strong that de pressions in genera) business such as the depressions in 19U7, 11*14. and 1921 cause only temporary slack ening in electrical lines. This strong growth is exemplified by the Increasing use of electrical power. Electrical iiftrse-povver used In man-' ufacturlng Increased from 8,835.970 h. p. in 1914 to 10.317.277 h. p. in 1919, and is now estimated to ap proximate 20,000,000 h. p.. or nearly 70 per cent of all the power used in manufacturing. This latter per centage compares "with 5ft per cent In 1919, and slightly under 40 perl cent In 1914. The total output of | central stations, which furnish up-, proximately 70 per cent of nil the; electrical power used In monufaciur-, tng. has shown a similar growth. The market for electrical, industrial equipment has kept pace wi\h this! development. Notwithstanding the strong growth In the production and sale of electil eal equipment, apparatus, and "lip plies, all concerns /ii th?? "iudusiry are not now eq?ri|.y prosperous. Increasing tosts thK y?'ar n ive ap parently tended to n-uiraliz ? ih<- ad vantage of larger sales. Moreover, the competition of the larger con cerns is apparently hurting many smaller concerns. It Is true, how ever, that some of the smaller con-| cerns catering to the automotive in-1 dustries are doing well. The Industry has been especially | favored with a good broad demand. Orders In connection with the uv.tnu facture and operation of automobiles and also with the building boom h.is been very good. Furthermore. the growing u^e of electricity In tlie home and In Industry lri? fn.srer .1 an attractive market. This ten-l :iry Is still strong and may <! ? much t.? support the business during th? qui eter periods that may he fac'? d next Considering all elrctrbil <qulp inent, apparatus. anil supplies as :i whole, statistics hIiow that tin' of raw materials used in th<ir manu facture average l"? j it c? nt. of '.U'* manufacturer's srlling -di rect labor a little over 20 p? r rent. Inasmuch as this industry/ iis? s ap proximately 17r? different raw m:r r inls, the trend of costs has t cl?>-??? relationship to.the trend In raw com modity price. Cost have, therefoic. averaged higher this year than ?'? \v did in 1922. hut copper ;:nd m ? uy other raw materials have in-cn <1 dining slncc last Anrll. ? i th.-t alert executives hove had opportunities to *buy at somewhat better lewis than that represented by the average. ?Reports from various quarters In dicate that prices xxl electrical ap paratus and supplier have, on the average, shown but little change du ring recent months. Inasmuch as costs have been higher this year than last, prices might reasonably have also averaged higher. Compet itive conditions, however, plus quiet conditions in general business?pre sent activity., as shown on Hnhson chart is six per cent below normal ???have tended to counteract the ef fect of rising costs and there has been more or less irregularity in prices. This condition Is expected to continue. Considering the situation as a whole, the industry should do a good business In 1924 For the long pull the outlook Is stronger. Some day the ruilroads will electrify on a large .-? .il?\ Tie super-p iw?-r proposi tiou* now awaiting leg slativt* s.inr-i li*.ii in various Mai?-s will, when es t;i??]ir> 1*? < 1. bring railroad elect rifitvi ; mil vty n. .ir. Mor? nver. electrici ty is ill in its infancy?great d?'Vi'l opmeni is probable in in.iny ?l t f f or - ? lit av? !ni? s mi' us.-. . ]**!?( tric.il equipment slocks have hi lil well . :;;iinst the declining jrend ?i the stock market since la>t March, niw two leading 1lst? d issue* in this group. \V? *t:nghouse unit Genera! Ill < irir, ar- off Inn seven p? r cent. I mm their yivir's high as against a il-'ciiTp in all industrials of >iirhi ly nv? r 1:? per cent. This is quite in !;e. pint: with the continued activity in : tiildinK. the growth of radio and norma) electric po*?r development. It is interesting to note, further more. ihat the peak of this group .tst spring was the highest point ev er reached. 36 per cent, above the top of tlie 191(1 post-war hoonr and per cent, higher than the 1915 war peak. In other words, the stock market has lent material emphasis to !he thought ?o often expressed Hint ihis Is an electrical age. ' ' V What the future holds for these I sto< ks is. of course, dependent upon J the earnings of the industry that liiey | represent. Frem a very long swing 1 point of view Ihore Would seem to I he room for till greater earning pow?'i er t.nd still higher stock prices than 1 have yet developed. ' Certainly any , railroad electrification program adopted on a large scale would mean only one thing, substantial earnings: to these properties. For the next few months it is more than likely| that eUftrltal equipment issues will tutu downward in accordance with lho ti-end of security prices as a while. They will then, of course,' paiieipate in the broad g< n? rnl rise.' t'f.OATIXCJ MINKS AT I.AIM.'K fir'sf -'ilia. Owe'uher 7 ? Mines; sea?' ve-i t*ie North duringj the war ,'continue ? to be washed up; along the Norwegian coats, and al though tli? y havo 'been adrift for four or five years most of Ihem are active. One mine exploded recently near! the Torhjornskjaer lighthouse and threw i column of water 140 feet! I in tin* air. the explosion being j li? aril for many miles. Notes On The Matter Of Be ing Well Dressed Simply make :i rplilor riifth for llir Society Brand Clothes' Slio/i mid your goal of tiring well drpuwd will lio made on the first down. D. Walter Harris The CUy Tailor MONKV HAS ITS DAMiKHS Vienna. Decerrncr 7 ?Traveller* through central and eastern Kurop** report a general sharpening up of the effort to prevent Illicit transport of money in and out of all these state*. The fronti* r r? vii?io.:s i.ave urown nior** strict. Increa.-fti- tin s**neral embarrassment of t i;tv< 1 restrictions. At Souhotltza. the Scrhi:.n r vis ion station on the liu!ii.aii.i:i uou tier, it is reported that $ IP.-I.immi was found recently on urn- ien i:? r. It was confiscate ?i. I ider the Serbian regulations tin ri:.der jsetrt one-half. I'KAta K KMM.MCTS St'tiA It Prague, December 7--'I'he . Ear crop of Czecho-Siovakia is so Kood this year that, ulter in* tinu 1 >cal ist i*(|s to tll? ? *?eni of 330.IMW ton's, the republic will have u'U.ouo tons for export. 1*1(1 \(>: WKITKS n.AV Stockho'lni. December 7 - - I'r :ic? William of Sweden, second m:t of Kinc (lustaf V. who has made a re putation ai a biu uame hunter, a |io?-t and a dramatic critic, is now also a full-ftedued dramatist, his first play having b?*eji accepted for production by tin* Swedish Theater in Stockholm. I'rlnce William's play is entitled "ivinanuozi," the word being of Afri can origin and signifying "^utde."' Tin.' scenes are laid in Africa. QORE THROAT tonsiliti9 or hoarseness, ^0? gargle with warm salt water. Rub Vicks over throat and cover with a hot flannel cloth. Swal low slowly small pieces. WICKS ?VapoRub O?r 17 Million J.,. Umod >W6. Closing Out Business 9 L B t'1 ffl - - | ONLY REASON FOR SELLING, LEAVING TOWN. We aiemuking special reduction on Electric Light ing Fixtures, Fans, Vacuum Cleaners, Ileating and Cooking appliances. Stock and Poultry remedies and supplies. Everything must be sold by February 1st, 1923, with Office Fixtures and Supplies. Our Hyacinths and Tulip Flower Bulbs 25 per cent off, while they last. j W. S. WHITE & CO. 120-122 POIXDKXTEU ST. ? m PI VOX E 04. KlilXARETII CITY, X. C. ||j | K , 5J5iciI5IS/2I5j5ISJSr5J5JSJ5.,BJ5JBJ5I5JBJ5J5J5iB3!2rS,r5IS^I5r3J5J5r5.,SJSJ3fSJSf5JS.'2,'Er2J5J9j5rcLIE.'Bf^ | Every Man Who Will Succeed must bear in mind that personal appearance has much to do with the accomplishment of this goal. We can help you to succeed by keeping your clothes nicely cleaned and pressed. The cost will amount to little as compared with the satisfaction of feeling that a good appearance goes a long way in the struggle to succeed. ;;| May tt'c Help You? ? Phone 280 X ; 1| Cooper Cleaning Works | What tmsMomzm, m\\ _r<ja ClL m m Years c?o when the firsi spoonful of Calumet Baking Powder was used, one housewife learned vhc secret of success on bake day. She found that what t>he had thought had luck in the past was really the fault of in ferior leaveners. ( Over a third of a century has passed since that housewife experienced the perfect results that came from using A pound can of Calumet con* tains full 16 ounces. Some baking powders come in 12 ox. cans instead of 16 oun?? c;?n?. Be sure you get n pound w hen you want it. CALVS9ET The Economy BAKING POWDER Today millions upon millions have real ized vhe > air.c satisfaction that goes with using a perfcct baking powder. Calumet has more friends than any of the other brands on the market today?women who,aftcr one trial found that for uniform, wholesome bakings it has no equal. Don't forget that a few cents worth of unreliable baking powder can ruin several dollars worth of other ingredients used in baking. Use the best and know what the results wilt be. EVERY INGREDIENT USED OFFICIALLY APPROVED BY U. S. FOOD AUTHORITIES The ri?ht food for breakfast is 41eckkx? CREAM Rolled 0ats Easy to prepare Cooks quickly Why Not A | Christmas Present | % v- + THAT THE 2 WHOLE FAMILY WOULD ENJOY JR B ^ ? 5b lluve I lie interior of your home freshly painted for the holiday season. S | 5ft II will make the home more cheerful for Sgi.' every uieuiher of the family. |S s 5% E. J. Cohoon & Co. ? * 8 SUITS anil Furnishings To bo a tood Suit, It must sh r-ty!??. it mu?t hive warmth, and it must b? mad" right. With all ??f that you get unusual value in t.IilA -store. We linvc a complete line of hoti?, caps. i<hlrtM. sock.;, under wear and other items of man's a-pparel at reasonable prices. Come to see us Raulfs & Cox Ask the M<d> irlio wears litem ?* x-x-x-x-xr-x-x-x~x^~xk^-m?X"X-<~x~xk-<-x*<-X"X-x~x-X": 1 FURNITURE! Y i ^ .1, ? ?SLIGHTLY USKD AT? 1-2 PRICE ?AT T1IE? L | Auction Store f Matllirwn Street V E. I.. Silveiiliorno, Mgr. Bark of I). HI. Jour* Co. ?XX^X^^^XK-X^X^X~X-<~X~X-X-?^X~X~X*<"X~X-X-'X^"X~: Famo and Lebanon Belle Flour *r* nl??oln(rl>- lloiir? of quality noM by (he Icjullnn grocer*. ?OlMrlbiitMl Hy? , A. F. TOXEY & COMPANY Water Strfft
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 7, 1923, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75