The New York herald., 1922-01-22
INDUSTRY
FARED WELL IN 1921
Value of Contracts During Year Was
Only 8 Per Cent Under
Total for 1920

to curb too rapid boom in construction.
If this year shows q moderate margin
over two and a half billions invested in
construction contracts in the twenty
seven Northeastern States (say. an In
crease of or 10 per cent. over 1920
rather moro evenly distributed than the
1921 construction was. 1t will justify
present expectations and spell increased
prosperity for the industry.
Contracts let In New York State and
northern New Jersey during December
amounted to $62,331, 900. the largest De-
cember total on record for this district
This figure was 6 per cent. greater than
the November total and more than three
and half times the figure for Decem-
ber. 1920.
The December figure brought the
years total construction UP to s647,051,-
900. which was z per cent. greater than
the 1920 total and was. consequently.
the largest yearly total on the Dodge
company's records for this district.
Residen aal building was the dominant
factor In the 1921 record. amounting to
S369, 9,443,o 900. or 81 per cent. of the years
total. Business buildings amounted to
s99,S31, 900, or Is per cent. of the total !;
public works and utilities. s45.59S.0o0,
or z per cent. |; industrial buildings, S37.-
CSC, 900, or 6 per cent. and educational
buildings. sS6,177,oo0. or 6 per cent.
Contemplated new work reported dur
ing tho year amounted to $1,176.000.-
600. compared with ss47.000.0oo worth
Of construction actually started. show
ing a deficit still to be made up.
December building contracts in the
New England States amounted to $685.
474,Oo0. an increase of "a per cent. over
November and double tho figure for De-
cember, 1920. The total building con-
tracts let during the entire year 1921
amounted to $205. 900, or 33 per
cent. less than the total for the year
1920. The year'e total included sS5.773.-
600, or az per cent. for residential
buildings; $36,773,000, or IS per cent.
for business buildings; s23.494.00o, or IL
per cent, for educational buildings ;
s18,e73,000. OF Q per cent, for public
works and utilities; s18.o57.ooo. or s
per cent, for Industrial plants. Tho
amount Of contemplated new work re-
ported during the year was s97T,s74,0oo.
showing q shortage Of construction
which shouid be at least In part made
up during the coming year.
December building contracts In the
Middle Atlantic States Comprising south-
ern New Jersey, eastern Pennsylvania.
Delaware, Maryland, District of Colum-
b,a. Virginia and the Carolinas) amount
ed 10 $32 2.ss3. 900. an Increase OF per
cent. over the November figure and more
than double the total for December.
1920. Tho total for the year 1921
came 20 s355.235. 900, compared with
$500, $4,000 for the year 1890. THIS
increase. however, was IN large part due
TO the addition OF North and South Car
olina to the district IN 1891. In the
years total were mo following items
s11S,s41, 900. or 50 per cent. for resi-
DENTAL buildings; sss.ss7. 900. or 25
per cent. for public works and utilities !
s4s.2s5,o0o, OF Is per cent. for business
bulldingu: s2.e27.ooo. or per cent.
for educational buildings; s2s.sc4,ooo. or
8 per cent. for Industrial buildings.
Contemplated now work reported dur
ing 1891 totaied see5 100000. compared
with s3sb. 100000 worth Of work actu-
ally started.