Show RADIO STOCK HITS a SNAG Financial Authorities Looking for Fall in Values Despite the surprising growth of the radio Industry of ot late finan finan- financial cial Ial authorities are looking for tor J a fall Signs of It hu have alread already ap- ap appeared appeared ap appeared Some small fr fry as asWall Wail street calls them have al- al already al already ready been nipped And now Wall all street Is looking askance at atthe atthe atthe the big fello fellows fellos s The 20 radio companies stocks stock are being traded In at the th ew cew Tork York Stock Exchange haven't shown much progress and some or 01 them even have experienced a fall fallIn fallin In values Yet all outward signs appear to favor the be y and to boost Its Ita stock I I Sales Salea In the hay shown an Increase of 14 per cent over last years year's ears according to oni summary One com company pan In fact reports Its gross sales for tor Novem Novem- November November ber bel at nearly two to billion dollars three thre and a halt half times it its lIo for the same months of 1324 1924 David id lice Ice Ice president of the Radio Corporation of ot America says the business done In the radl radio industry by the end of this year will amount to about and that it Its It's rapidly approaching a year This puts this Infant Industry among the strongest In the tho coun- coun country coun country try NO 1 REPEAT ORDERS Yet theres there's hesitation and a slump In stocks Roger Dabson the famous financial authority has hasa hasa a definite reason for tor this The sale of ot receiving sets Is rot a repeat business any more than Is the furniture business or ortho orthe ortha the tho electric fixture business he be says Bays ays Of course courS It Is necessary to buy new tubes tube once In a while and andas as et sets are arc being Improved those who can afford to do so buy the newer sets ets 0 as they come out I The fact act that the sale of o sets ets Is not a repeat business brings the present dullness In the Industry with the decline in profits and so- so securities se securities In addition thele theres there's another angle anle on which Babson doesn't touch but which affects the radio Industry just as ax sorely as any That's the patent situation TUBE TUI MONOPOLY l FEARED FC No worse B a bombshell could have struck the tha Independent mas- mas mas than the decision of the court of appeals of the Dis Dis- District Dia- Dia District of Columbia giving Dr Iry- Iry Irv-Ing Irv ling log Langmuir of the General Elec Elec- Electric Electric and thereby the Radio Cor Cor- Corporation Cor- Cor Corporation of America full patent rights to the highly evacuated lV radio tube Since all tubes of any conse conse- consequence quence today are highly evacuated they are Infringements Infringement on the Langmuir patent and and can there there- therefore therefore therefore fore be kept oft off the market by bythe bythe the Radio Corporation There li la a 0 po possibility for tor the col- col collapse collapse col collapse lapse of any tunny companies now manufacturIng and selling Inde Inde- Independent Independent pendent pendant tubes Only a year ago the Do Da Forest patent controlling the three ele- ele element ele element ment meat tube lube ran out leaving the field open for or many Independent firms The price of tubes went don from 16 to And now com come a new opportunity for tor the tho I IO to control the te lh entire tube situation In the United a a gloomy prospect for radio Investors investor t I Another such gloomy outlook Is afforded by the recent sale of the Latour patents to a small group of Influential radio manufacturers here Independents are holding their breath for fear they might bo be sued any day under undE-r any of numerous patents held by Latour and this thin group That doesn't leave a situation for tor or the Independent field In ia radio and radio and 1 that's that reflected In Inthe Inthe Inthe the markt |