The Washington herald., 1920-09-10
By DIR. FRANK NJ. SURFACE.

MANY rumors curtamcn
eu credit ndaton the banks are refusing credit to both
Rs fs snd to o% bank %
od Ia IeaTre % GOeDe mo ] im @ nQuTn & the loan IS [Gied
in detail into the for WHICH loans requested having
o s b that @ % % bn large by mose
0w lar d this nTtament OF credit has affected the automobile
%a9sy i, GGqt to & dmme resent cen Issue OF the Iron Age
facture Detroit every which denied any
orders far in advance OF their ability produce that there had
Ws the 0 p OF ss Which vi they RS % sf able RS % Ge Pe from mP @
industry any Unemployment suspended operations Instead
& a tRi b many MAJ cOPsn expect to ddnsne the price OF tbe ma
on m M oS @ MaeN & Is ffa @ as sd T941f & sgap any dSpTf0n
and BueS S Dodge brothers. MITCHELL P'Se' Columbia N"s Keo
Aganst these contentious be cited another article in
Makers The satomoBe mateG D at S 90 pT
The estimate On the automobile output for 1920 is from 100000
ing carly part 81 the year orders were far in excess of the
r OF r 64d Pa1 % &c o OF p pe cent T9m this peak would
all the available evidence this apparently about happened
port published Motor World States that the pro-
sy %s z "af NJ
dcv OF the true situation because OF the large pfodcon
o5 to cars wbe Ford usI 9% o9
II we exclude Ford production sota! for the Detroit dis
His is decrease Of ovST E SS Ssnf 0tRc qepo % @ that IN TINS This
resulted laying many employee cx
ample, $500 the WinysOverland factory at Toledo.
Even these figures do adequate
the domestic @ demand for Many Of the Larger plants
export trade auomobs has increased enormously Since the wsr
the total value of automobiles exported
approximately S3ooooooo while the fiscal closed the
The largest of this taken
place since the armiStce
Additional evidence of the curtamcnt the indus
TRY the shutdown OF large number OF factories
weeks The demand for machines prob
ably 90 Of the total decrease this demand
resulted overstockng by several Of the larger
estimated that least workers laid off Akron this
This together with the number
makes the number of workers temporarily the Akron
dusry much
In spite Of this recession tire manufacturers claim that will
at their present level because of the high fabric Crude
rubber at the about
compared with 90 before the Cotton the other hand
lis at the highest price known for This particularly
the long staple cotton This has been regarded
for tire fabrics Most this
although production OF the staple has been
recently in California, New Mexico and Arizona
which have far-reachng effect
both the industry and production the effect
that possible short staple for cord fabric 1t
claimed that the practice OF making corded fabric from long staple
product which than Such
fabric will ouaS the rubber and only after the
friction of the road applied fabric itself 1t said that
corded fabric made hard twisted threads of short
will outa rubber applied If this
The world production OF long only
bales been
This increased demand the ordinary long staple
has sent the price soaring The best grades of long staple selling
high and So double the
ordinary
1t probable that the OF both automobiles and
tires doing their best to good what really
marked recession demand These that the
credit strgeny Will and that they then do
the scale OF If their prices
would be difficult them back
again if conditions should warrant
CopyrEht 1920.