Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-11-16
SLUMP IN AUTOS.


More than 1000 New workers. .oln'
OF them ranking as miliouh". -.
sold their AUTOMOBILES Wlihh the -
few weeks Almost as many HuIC l
estimated by the trade hane 49,.
orders for new machines ,-
mobiles represent "a total COSY "l W
$4,000 600 Thoy 1re now worm p'"""-
by $1,000 600 x,..,
The rich MANS panic in wait
street has made an ihc tioln'e. ~"
au upper broadway leader yesterday
Tie exhibited I'd telegram nom 30 a'oeh
broker in Broad street when ie"U'
Sorry but sicMt In Itnll's %
pels me TO spend summer I'D nou''. ~ US ,.,.
Please cancel my order Tor that SnoVo
machine"
There's no sickness Don Dis family
said the dealer Ties been siuh6 ODD
the market Die made ! per cent oc-
poait hut can better anord 90 lose ms
$3.50 than put up The balance.
And the dealer showed a letter from
The wife Of d erich man hNelns ih on.
of the new hotels ON Broau"ay' AZ
read: at
business. which viii keep him abroad
AN summer. RE finds &c win be impos-
sible for him 10 take the touring car
he ordered Can he set his slV'O ue-
post back2"
That's Just like @ woman. sara tno
dealer. Her hubby knows there was hp
string to his sl,05o but he has tod her
she can have lt 10 get through ths
summer ON. But she won't OF course
Every dealer iu igu-priccd MAJ
chimes. American or imported has
stories 10 tell OF orders cauceled py
New Workers. who. until recently We're
generally supposed To- be rich enough
20 afford any luxury. some OF tne
stories are pathetic. The average rlca
New Yorker has an expensive 1"mHs
8nd his expenditure are on large
scale ANY curtailment OF income GUS
on tho Injuries. because he hNes up 10
his income. So the automobile has
lo De sacrificed.
The great difference Bon the display
made bv the rich is visible in every
place around New York II has been
uefrf-,tlv evident az the saratoga races.
There are not half as many autos there
ne last year. and few high-priced new
machines are m evidence.
The procession down TO the Jersey
coast on SATURDAY and sunday also
llcks many familiar figures Strange
faces look out of tho big touring cars
rhey are the families friends ana
guests OF the new owners OF these exc
,ersive machines. Thirty-fourth street
On the way 20 the Long Island FERRY
lu half holidays tells the same story.
The afternoon parade ON Fifth avenue
Iri through Central park has also un-
Iergoue a change The traffic squaI
lrucemen were the first 40 remark me
difference.
where's that $4,000 red car that
spl % come along here every day az
30@ asked the patrolman on foot 1t
Iiftv-seyeuth street OF the bluecoat |
tr horseback
N has been sold 10 a paWuhr0ker
pho likes the road Co Cuney Island Det-
ter than this" was the reply. For two
years this red car imported from
France had been conspicuous on FIRM
8venue every afternoon Inc youns
broker. son Of q millionaire real estate
owner. dropped S500000 u the slump
I'm the market and parted with the red
suto and also with AN electric cab lie
Is living iu comparative seciusion al
Far Rockaway.
There h mis- to he said for the rich
Who have given up their fine cars. Not
.na OF them. So flr az known rides IN
cheap car. They have backed out
tf the game altogether on one excuse
Dr. another some of them are telling
their friends their machines have been
taken 20 Europe b. poir sons or aaush-
.+rs.
Now is the time for a New yorker
. 90 buy an automobile cheap. The sec
ond-hand dealers are doing a tremen-
dous business. A $500 car sold the
other day for 5000, a si500 machine
was disposed OF for $1,000 5000 auto.
right from the factory ordered by a
wall street speCulatOr who had 20 FOR
felt his deposit, was offered yesterday
Tor 81 900 Machines can he bought for
cash for almost any price. Generally
speakinE. comparatively new cars can
a.. sd la eanlnn- hand UITrn-
TOR about one-third of their original
price.
Another thing that has caused trou-
.,la boo tbU automobile business has been
The rainy spriDg April. May and June
are the banner selling months Of the
wear. and IL was plain TWO months ago
20 makers OF and dealers in moderate
priced ears that they We're, 10 use
current expression. up against a. The
great bulk of tho orders Is turned In
by the agencies before the first Of July.
and long before that date this year the
trouble I'm securities and the rightness
OF ready money were making their In
aueuce profoundly felt among the
classes of people who indulge Zoo auto
mobiles
The business is conducted on prlc-
ucalg Gosh b1si- The buyer Gays
ln per cent deposit and the balance
when Che machine is delivered The
factories turn out comparatively few
machines ON % venture. Tn consequence
they have been hard hit hy the large
number 81 cancellations. Unless strong
~ established financially. they choose
20 sell machines an "a sacrifice.
There have been eight failures up 10
date this season of automobile manu-
featuring concerns. The last OF which,
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