Show Another Record Record For Electricity During 1931 the electric indus indus- industry industry tr try enjoyed a better year than did most other businesses Its total sales of power were but slightly more than 4 1 per cent under 1930 This record is pleasant for the industry itself to contemplate and it is likewise of importance to the public which is the principal bene bene- beneficiary bene- bene beneficiary beneficiary conditions with with- within within within of stable 1 e in a public service organization Low priced power during power during 1931 I the rate continued to drop as in I i other other years years-is years is made possible b by bythe bythe the fact that the industry is rea- rea reasonably reasonably rea reasonably assured of a steady mar mar- market market market ket It cannot lose any large per per- percentage percentage of its customers as can businesses selling a commodity less necessary to life as we know it today It is therefore better bettel able to uphold a uniform level le or of employment and wage scales This condition has likewise made the electric industry a favored in- in investment investment in investment vestment Its seasoned securities are not usually subjected to flue flue- flue as violent as those of more speculative t types pes of business I and d the fact that utility bond and stock issues are subject to public regulation strengthens the pub pub- public's public's public's lic's faith in their essential sound sound- soundness soundness soundness ness All AlI in all there is cause for general rejoicing that the electric industry survived as bad a year as 1931 without more serious dam dan damage damage age |