Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-16
RUSH TO BUY AUTOS
ON CREDIT IS SEEN
lnstaIIment Plan Believed
Spreading-0ther Lines of
Trade Reviewed.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, January 16-The New
York automobile show not only stimu.
lated d record volume of sales and
record breaking attendance. but Il
served to show that for the immediate
future, at least. the credit situation CT
the people of the United States is bet
ter than ever before. Automobile
manufacturers anticipate a tremendous
demand for the next three months and
assert that partial payment sales viii
/ account for a larger percentage of tbs
output than ever before.
Some manufacturers Of paSSenger
| cars declare the belief that 1000 ,00r
vehicles OF this type will be turned out
this year. Others, far more conserVa
| tive, place the figure at 100000. Al
| look with no little anxiety TO the last
half of the year. But there is not any
question that the truck and bus pro
| duCtion Will range from 10 TO 20 pc.
cent above that Of 1929.
New Models in Trucks.
4 number Of new model trucks %
trucks embodying distinct variation
from present types will be on the MAJ
kCt in the next few weeks. DEMAND
is pressing for both trucks and busscs
The Harvey House interests. strun%
along the line of the Santa Fs RAJ
I ICdu, nave QelSTIlLiIltu 10 OptH ~
Mexico TO bus tourists and are neg"
tiating for a fleet of vehicles Of di-
/ tinctive type. One of the largest true
! and bus manufa cturerS expects 10
! turn out 5000 more vehicles than
! 1928.
: These facts refiecl conditions. not
alone in the automobile industry. To- .
in nearly every line of endeaNor- -.
the auto manufs cturers have made
..11 .-.aC ++s.r -
lines before laying out heir o
schedules.
steel Men Pleased
Steel men are enCUuTaG ed 10y L.. a..
purchasing programs OF the railroal E.
which are coming into the market
with larger orders than At any time
since the war. Structural steel is re-
atiyely quiet az IS to be expected Al
this time of year. In the Mahoning
Valley refusal Of mills TO shade cur
rent prices has caused a curtaiinent
of output in some departments froI
"a to 81 per cent Of capacity.
Formation OF corporations 10 pro.
mote raw rubber production while
. universally regarded as a future SAL
guard. are only gesture so far as IL"
present prices for tires are concerned.
Rubber fuctuated within fairly mar
( row limits. Cotton fabrics showed =
slight increase Of activity. but fer-
price changes Raw silk was quieI.
Wool trading has been satisfactor,-
and prices steady. although uncer-
tainty regarding the coming openings
OF heavyweight lines are having .
| deterrent effect temporarily on mil
buying.
Building Cost Bit Lower
Building costs are slightly below
the level Of a year ago and the vol
ume. Of construction is steadily main
tanned. although the leading agencies
are gradually tightening many lines
| Production. new business and ship
ments Of lumber all increased rs con-
| pared with last. year at this time.
| While prices have shown only con-
| paratively slight changes in the non
ferrous metal field. buying has been
active. with lead leading and copper
I showing slight price betterments
/ times. The discussion in Congress re
| garding the aluminium industry has
| drawn attention TO the strong position
| Of that metal.
Oil is steadily lettering its position
Owners of oil properties in MeXic"
have been through the periodical
f1urrieS over the Mexican laws gov
erning oil lands so often that the
latest interchange between the Mex;
can and United States government
on the subject failed TO have any eN
traordinary effect on sentiment.
Rice and Tea Active.
Rice and tea showed activity and
strength. Coffee was in fair demand
Sugar fluctuations were confined t.
narrow limits. with weather favorinc
grinding in Cuba. and stocks in Eng
land sufficient for some three months
Beet sugar slumped slightly.
Most fresh fruits have been strong
in price in Eastern centers. The ex
ception is Florida grapefruit. The
demand for prunes is undated, ami
the stocks of canned fruits is re
markedly light.
The break in negotiations for end
ing the anthracite strike gave i'm
petus to bitmuinous and coke produc
tioE and prices. Railway freigh
loading continued heavy.
The trend for consultations con
tinued TO manifest itself in rumor~
involving many railroads and pub,ir
| utility corporations, soft coal mine :
and dairy products corporations.