New Britain herald., 1928-01-05
DETER BUSINESS
 PREDICTED IN 1
(Continued From First Pase)


 ter were S7 cents as against bs.S cents in 1928. Weekly earnings were s.7.10 as against $27.01.
 There were no notable decreases ill wages except in textiles and not even in that industry in Connecticut, he said.
 Savings deposits, according to the speaker. have increased. The figures show a continual rise during the past 10 years. The per capita savings Tn connecticut are $4SS. General bank deposits in Connecticut show a gain uf a hundred million dollars. Edger- ion says workers are 30 per cent bet ter off than before the war, h" declared.
 Building conditions are of slight ly. Connecticut figures are off but one per cent while the rest Of the country is off eight per cent. lie sqi1 the Dodge service predicts fairly good building year with de crease in apartmen building made re in other lines Babson expects large highway construction, and .,ounecticut's program seems to bear his out.
 Prices, he said, after sagglng. stuff aued in the fall. He expects to see them lessen keener of competition and permit the manufacturers bet ter margin Of profit. The cost of hv- ing is lower in some quarters. off as much as four per cent, he said.
 Transportation and distribution. bower said. were not quite so ac- tive. Ton mileage was off three per cent. Car loadings off two and a half per cent were still one per cent above 1925. With gross decrease of 1-25 million dollars, the net de- crease was held by the railroads at o5 million. He said this means ef- liciency with new mileage per day and new high loading peaks.
 A notable feature of the year, he said, was the reversal of interna- tional gold movements because 1t was cheaper to ship gold than pay exchange rates. He said easy money looks good in 1928 but depends largely on the federal reserve board.
 Foreign trade, he asserted. points To increasing foreign markets. The capitalization of Connecticut corpor- ations in 1927 dropped from $11S.- 100000 to $S5,000.000 million. This was due to one or two large mergers and giving this due consideration they show on the whole an increase of 23 million dollars. The number of corporations increased from S19 to 925. Mercantile establishments increased from 3o6 to SS6.
 Failures increased from 61s to Gae and average liabilities from 10,- 900 to s1S,5o0 due to keener compe- ttion.
 For the 1928 forecast Dover said that all authorities agree there will be no price infation during the year. The Harvard research corps looks for active business. Brookmire predicts definite improvement. Busi- ness will be overshadowed some by election and the federal reserdve board policy.
 Business in the first half of 1928 will exceed the last half of 1927 but not the first half of 1927. President Grace of the Bethlehem Steel Co. sees increased business from the de- nand of the railroad construction. automotive and agricultural inter- ests. Iron and steel production has not increased as rapidly as thrilled orders, 50 increased business in these products is anticipated. c. W. Bar ron says industrial leaders are uni- versally optimistic. On the first of 1928 he said there were 5 million automobiles. as against S,o66,000 in 1927 and 3,937,O00 in 1926.
 There are no prospects of wage decreases this year. No labor trou- bles are predicted. Connecticut state finances are in healthy condition with . margin of a million and a half between revenue and expendi- lures.
 Today marked the beginning of an attendance campaign. Teams head ed by Leon A. Sprague and Frank H. Shield competed with the following captains reporting 100 per cent: A. Fl. Scott. William Mueller. O. L. Lord. Logan Page and Russell Hub- bard. Shields team: A. A. Mills. G. K. Spring. W. H Crowell. William H. Day and Max Cnklebach.