Industrial Research 



An interesting feature is the comparatively large 



|u one or more of the corporate structures at Its disposal. Korolgn ownership was 

 ignored, the ratings referring only to the American components. 



Independent companies under a m^lUion dollars were rated from Dun ami Brad- 

 street's Reference Book (tWO), using their "estimated pecuniary strength," the 

 equivalent of tangible net worth. 



181 



nuinhcr of coriiorations below $1,000,000, rangiri<; down 

 to $50,000, before the number decreases markedly. '" 



" Tho number of smaller companies Is underestimated to a certain extent duo to a 

 lack of complete ratings. The data of figures 51 , 52, and 53 represent 47 percent of the 

 total number of corporate units and 77 percent of the total personnel reported in 1940, 

 so that the distribution should bo "fiualiUitively" correct, except as noted. 



RESEARCH EXPENDITURES AS A PERCENTAGE OF 

 DOLLAR VALUE OF OUTPUT 



0.4 0.8 1.2 



FOOD AND KINDRED PRODUCTS 



TEXTILES AND THEIR PRODUCTS 



FOREST PRODUCTS 



PAPER AND ALLIED PRODUCTS 



CHEMICALS AND ALLIED PRODUCTS 



PETROLEUM AND ITS MANUFACTURES 



RUBBER PRODUCTS 



LEATHER AND ITS MANUFACTURES 



STONE, CLAY.AND GLASS PRODUCTS 



IRON AND STEEL AND THEIR PRODUCTS 

 EXCLUDING MACHINERY 



NONFERROUS METALS AND THEIR 

 PRODUCTS 



AGRICULTURAL IMPLEMENTS 

 INCLUDING TRACTORS 



ELECTRICAL MACHINERY, APPARATUS 

 AND SUPPLIES 



RADIO APPARATUS AND PHONOGRAPHS 

 ALL OTHER MACHINERY 



MOTOR VEHICLES, BODIES,AND PARTS 



ALL OTHER TRANSPORTATION 

 EQUIPMENT 



ELECTRICAL COMMUNICATION 



UTILITIES GAS, LIGHT, AND POWER 



CONSULTING AND TESTING 

 LABORATORIES 



TRADE ASSOCIATIONS 

 MISCELLANEOUS 



^^ 



~~1, 



NO DATA 

 NO DATA 



NO DATA 



•' '■•:'■% 



^zm 



mm^ 



^ 



■221 



^. . . v„"l, . 



NO DATA 



NO DATA 



NO DATA 



0.4 



0.8 



1.2 



Figure 50. — The Percentage of the Dollar Value of Products of Varioua Industries Expended for Research: 1927 and 1938. The upper 



bar of each pair refers to 1927; the lower bar to 1938 



