Evening star., 1921-06-12
OPTIMISM SOUNDED
BY AUTO CHAMBER
Motor Representatives Con-
fer With Secretary Hoover
and Other Officials.

An optimistic note was sounded at the
recent meeting of the National Autono-
bile Chamber Of Commerce In New
York. where motor industry delegates
discussed trade policies with Secretary
Of Commerce Hoover. w. P. g. Harding,
governor Of the Federal Reserve Board,
and other government officials.
Secretary Hoover in an address on the
Importance Of the automobile industry
to the commercial situation said that
automobile production futures are an
essential element in the economic PIC
can be stabilized by having fun knowl-
edge Of basic economic figures. sucn As
raw material, passenger and freight
travel on railroads and motor transport.
VIII Gather Data.
In answer to the Secretary's request
the delegates promised that they Woulo
take immediate steps to secure the data
ship the best method Of supplying hg-
ures, both concerning the frequency
with which they should be issued and
the classification. Automobile figures
are now published on an annual bads.
1t was pointed out.
Declaring that the business trend
was decidedly upward. Gov. Harding
said that the emergency OF 1Szo mas
definitely passed. There is nota1ng
as far as the financial condition OF
country is concerned as affected by
the federal reserve banks that causes
any other feeling than one Of op-
timism," he said.
Availability Of credit. the fact that
automobile shipments for the past
the same months Of last year. the
feeling that prices have reached 4
new stable level and Gov. Hard1ngs $
statement that the public has q great
deal Of buying power left" were the
major points Of the meeting.
Reserve systeA stron1.
In referring to credit. Gov. Harding
pointed out that the financial sttua-
tion Of the federal reserve system Is
stronger than 1t has ever been before
and that all banks are anxious to lend
to legitimate business.
We want to get the public out Of
the idea that things are constantly
going lower and lower. he said. and
we should get some stability into the
situation It was tho opinion at the
meeting that the new low price levels
now reached would probably be sta
bilized on the present basis, a almost
all the motor companies have read
justed their prices. The consensus OF
opinion brought ont that motor car
and truck companies have anticipated
the lower levels Of raw materials and
basis.
power" said one of,ciai. you start
up one industry and you automatical-
1y. start up another. 1t Is amazing
when you consider the automobile In
ent upon its prosperity. It affects the
purchases of steel and all the proc
esses Of steel manufacturers. See how
much employment that gives to
labor
The automobile business II . leader
in return of buying, reports at the
meeting brought out. The May ship
naents exceeded April by Is per cent,
the same of last year. compared favor
ably with the steel market. with pig
iron. which is on a SO per cent basis,
and with rail transportation. which Is
on a 50 per cent basis.
Vote On Annual Show.
The manufacturers voted to hold
next winters national automobile
New York and at the Coliseum in Chi
Five directors were elected. as fol-
lows: A. ]. Brosseau. Mack Brothers
Motor Car Company. A. R Erskine.
canley. Packard Motor Cu Company:
William e. Metzger. Columbia Motors
Company. and r. E Olds. REQ Motor
Car Company.
.Omcers elected included: Chalers
Clifton. Pierce-Arrow Motor CIR Conn
psny, president; Roy d. Chaplin, Hud-
son Motor Car Company, vice presi-
dent: C. c. Manch. II. C. 8. Motor Car
Company, second vice president (pas-
senger car divi6on); Windsor D.
white. white Motor Company, second
vice president (truck dfvfsfon); A. ].
Brosseau. Mack Brothers Motor Car
Company. secretary, and 81. H Rice.
Cadillac Motor Car Company, treas
ufer, and Alfred Reeves, general man