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"The 1926 total was less than 1925 because 1925 was unusually high. But 1929 was practically double 1928, and the socalled "slump year" 1930 was just $11,000 higher than the 1929 total of $23,122,147. Sarly 1931 figures are exceeding those for the same months of the past tv;o years or any previous year.
"The production of radio equipment as reported biennially by the Census of Manufactures continued to advance through 1929, and trade estimates indicate that this year will mark a further increase.
"From $54,000,000 in 1923, the production jumped on suc¬ cessive biennial censuses to $170,000,000 and $183,000,000 and on to $375,000,000 in 1929. According to trade indices, domestic sales have similarly increased.
"These are the records of the radio industry. One feels at first inclined to congratulate the industry, but rather than that I bear a gentle admonition. You, the radio industry, have ridden on the crest of the wave of popularity, which if I may speak frankly, was not entirely the result of your own creation,
"Radio as a truly amazing piece of scientific wizardry is a success, and you are its beneficiaries. The future benefic¬ iaries will be those who recognize their business as an orderly, far-sighted business rather than a speculative venture with an extra¬ ordinary new art. "
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ONLY MINOR ISSUES SETTLED AT COPENHAGEN
The following report of the International Radio meeting at Copenhagen was a special dispatch to the New York Times today:
"The International Radio Congress concluded its sessions Wednesday at Christiansborg Palace. Its deliberations have been secret and a statement released tonight indicates that only on eight minor points have conclusions been definitely reached.
"These relate to comparison of frequency standards, standardization of wave meters, reducation of disturbances within common wave bands, methods of annulling foreign currents in receivers further organization of commercial radio telephone services between movable and fixed stations, stabilization of senders' wave bands for various radio electrical services, recommendations regarding the latest developments of technique and, finally, reduction of radio disturbances in general.
"No fewer than fifteen important questions, including distribution of wave bands to various services, were referred to further examination by national committees. The question of dis¬ tribution of wave bands occupied much of the time of the congress and wax referred to further investigation by the British National Committee, which is collaborating with representatives of the United States.
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