The Waterbury Democrat., 1935-02-22

i lOL lUOf pCihG OhiJ AO PNA NSNNS SA the 1929 figure.
 Mortgage loans in Naugatuck also reached the peak in 1929 and tho low occurred in 1882. However Naugatuck's bottom point in this year was even below that of the state generally, being 25 per cent of the 1927 figure, a drop of 75 per cent. Since then there has been an upward curve but in 1884 the figure was only 38 per cent of the high 1927 point. ..a.<
 This represents gain of but 13 per cent whereas in the same pe- riod realty transfers have made gain of 31 per cent. Apparently To- cal bankers are still quite cautious. There is no doubt that there has existed in Naugatuck a willingness to buy, sell and build and from the record above with the real estai 6 market improving, there is appar- ently no good reason why better credit market should not exist, the chart creator says.
 More Autos
 Now to look at the building oper- ations field. According to recent figures compiled by the assessors there are 2,400 houses in Nauga- tuck, 55 of which were constructed during the past year.
 Construction of 55 houses in one year is even considered good for q on-depression year. much less say a year when old wolf depression Is fixed on Q good portion of the country.
 But there are some 2800 autos in Naugatuck. The race between autos and houses has been going on for some years now. In 1927 there were 300 more houses here than there were cars, the graph shows.
 Then came the lower price auto. Tn 1928 there were about as many cars in Naugatuck as there were houses, and since then the cars have topped the houses in number. Are people more interested m cars than in homes?" asks the chart compiler. Personally I do rot believe this Is truc." he con- tinues. Rather do I hold that the auto manufacturer has made an at- tractive product at such a reason able cost that he has created de- mand market. Likewise do believe that there exists a real market for homes in the lower price fields If but little effort be made to bring the various construction and financing costs within existing money conditions"
 Effect on Nation
 l Another chart shows the effec1 of the depression on major indus tries In the whole country. Int least affected since the year 192! is the power production Industry The shoe production industry il
 which Naugatuck is vitally inter
 ested, ranks second among tht
 least affected, according to tn,
 chart. Cotton consumption is third
 wool consumption fared worse
 ranking fourth; life insuranc,
 fifth: department store sales, sixth ca rloadings, seventh; bank debit or loans. eighth; and way down be
 heath the others Is the building
 contracts field. which made thu !, poorest showing of any in the las
 five years.
 The state graph shows tn, Connecticut building industry wal no exception to this fact. A stead, decline in permits was apparen ] from 1927 to 1892 and in the las
 two years in the state there ha
 been a gradual improvement, cs
 pecially during the past year whicl reached 53 per cent of the 192' high peak.
 I The chart for local building per mits shows no decided drop a
 does the stzte. There are a fev dips but there has been distinct 4 ly upward swing in the last tws 4 years. At present the amount 0 ' building permits is highe- thai