Evening star., 1922-02-26


its limit was the opinion expressed
by William Robert Wilson. president
of the Maxwell Motor Corporation.
! in a recent address at Detroit. Mich.
Motor car manufacturers have
probably gone fastest and farthest
in the process of de1ation," declared
Mr. Wilson. This is one phase of
the business situation that the public
in general probably has not fully
realized.
! "The automobile manufacturer
realizes that competition is keener
than ever, that there must be no
doubt about his product. but that the
gcou car. correctly priced, need have
little fear of a satiated market. Also.
that conservative marketing and
expert fingers on the pulse of demand
will establish the automobile busi-
ness on more stable basis than ever.
THE automobile dealer is of his
own wish. converted to a firmly con-
that the day of the telephone order
is gone for good-for the good of all
concerned. He is in frame of mind
amicable to present conditions. He
knows that ne must go after busi-
ness. and is fully aware that the
d
need. He is prepared to follow these
dictates, for on them his 1922 success
is assured.
lnsfstent on Quality.
Il believe the public is more deeply
interested in the automobile than
ever. but more critical. 1t is select
ing cars more carefully and is more
insis.ent on quality, as evidenced by
the recent New York and Chicago
sklt he
record attendance. but not record
sales. yet those manufa cturers who
offered product of evident value
found an agreeable amount OF
business.
Prices of raw materials have
been substantially debated, yet the
cost of labor is still so Per cent
higher than in 1914 and the cost OF
living 60 per cent higher. In view
of these facts. it is worthy of note
that the majority of motor cars are
down to "a point close to or lower
| than 1914 prices.
The buying public has always
been fair to the industry and it is
certain to realize shortly the extent
to which the motor manufacturer
has gone in helping to bring prices
as we'll as business back to nor
malcy."
Pennsylvania Shareholders. 141.SO4.
Number of shareholders of the
Pennsylvania Railroad Company
reached a new high record February
1 at 14l,SO4, an increase of l05 over
January J and an increase of 1.O51
over year ago. Average holding
on February l was 70.42 shares, as
compared with TO47 the month be-
fore and 74.Ol the year before.
Foreign holdings of Pennsylvania
showed another increase during the
month, percentage of stock held in
foreign countries on. February |
being 3.S3 per cent. as compared with
3.77 per cent on January l. with 2.92
per cent on December l, with 1.47 per
cent on November l. and with 1.54
per cent on January l, 1921. The
number of foreign holders was 2,910.
an increase of 5S over January l, and
of 1,523 over a year ago.
1t might be noted here that the
Pennsylvania is. the only important
railroad which has not yet certified
to the Labor Board the existence of
disputes over proposed wage rela-
tions for shopmen. clerks. track
workers and others outside the train
service.
Officers of the Pennsylvania state
that they have so far not gone be-
fore the board because under their
plan of employe representation nu-
merous conference committees are at
work on the wage question. 1t re-
all of these committees will effect
agreements on new wage scales.
Failure to reach agreements with
any class of employees would mean
submission of the dispute to the
board.
Train employees are not involved
in any of the new wage scale cases
now before the board and set for
joint hearings beginning March G..
Regional committees of company of
ficials are working in the eastern.
western and southern regions with
committees from each of the four
train brotherhoods in an effort to
settle all questions of wages and
working conditions without recourse
to the Labor Board.
A. 1. b. Visitors.
Many of the national officers of the
American Institute of Banking and out
of town guests who attended the ban
quet of the Washington chapter of the
organizat ton at the New Willard Hotel
last night will be shown around the