Industrial notes

Business Attributable to New Developments. — Indicating the importance of sustained industrial research, an analysis for the five depression years 1930–1934 shows that the ratio between business attributable to “new” lines of products (that is, lines not manufactured more than ten years prior to the year under consideration) and total business for all lines manufactured by the General Electric Company, was, on the average, approximately 10 per cent higher than for the five prosperity years 1926–30. Being based on entire lines, the above analysis excludes many important new developments within lines manufactured more than ten years prior to the year under consideration. The analysis, therefore, is on the conservative side.