HNaiMilih'l.w: fKOIU.I.MS ()/• I III-. HI I.I. .SV.SII.M 5.U 



the ti.-k'|>luiiK-. In .ulilitioii, p.irt of (lu- urowlli is due 1<> llic cofi- 

 (litions followiiik; ihc World W.ir ,iiul llu- ^riUTiil rcoiioiiiic Ircnd. 



Comparing l!>2l wilh l!)l 4. wliolisali- coinmotlily priix-s, as you 

 know, ha\t' risen oxer 50 per nut ; tin- cost of li\ injj o\er (>() per cent : 

 wagt's in mamifarlurinj; industries o\er 100 per cent, while in the same 

 fX'riod telephone rates generalK- ha\e increased less than 3U per cent. 



Imk. 11 



and e\en less than this in some of the larger cities. Tele[)hone service, 

 therefore, represents a hirge value for its price and in a situation like 

 (ireater New York City, where there are between seven and eight 

 million people, it is but natural that the new situation in the economic 

 balance of things, together with the low price of service shown, would 

 make for a \ery substantial increase in the demand for telephone 

 service. This has. of course, also been true elsewhere. 



As I have shown there are at present a total of over one inillioii 

 telephone stations within New York City proper served fnjni about 

 130 central offices, 26 offices ha\ing been added last year. The pre- 

 dictions are that within the ne.st t\vent\- years the stations and central 

 offices will have more than doubled. Kach subscriber in this great 

 network must be able to reach promptly every other subscriber. 



