Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-11

TINE thirty-first annual auto
mobile show in New York,
which came to an end last
night, has had a marked
stimulus in the automotive world
and has buoyed up to consider
able degree the spirits of the
manufacturers, dealers and sales
force throughout the Nation.
Enthusiastic crowds surge d
their way into the Grand Central
Palace, the scene Of the mammoth
exhibit, throughout the entire
week, marking up new records for
total attendances. These figures
were augmented, too, by the Sun
day throngs, who took full adj
vantage of the first Sabbath
showing of the automobile in the
metropolis. The voice of PreSi-
dent Hoover reSounding through
the giant loudSpeakers in every
section of the hall added to the
Importance of the exhibition.
Upward Trend Seen.
Timed to the right psychological
moment came the announcement
that evidence of an early upturn
in trade activity was supported by
the monthly production report
submitted at the regular meeting
Of the board of directors of the
National Automobile Chamber of
Commerce. According to the re-
port production Of passenger cars
and trucks in December amounted
to 155, 1875 unitS-an increase of "a
per cent over the output in De-
cefnber of 1929, and IS per cent
over the corresponding figure for
November, 1880.
December production, according
to the National Automobile
Chamber of Commerce, fixed the
total domestic output of the auto
mobile industry for the year at
record year 1929 and only 2 per
cent under the corresponding fig
ure for 1927. Additional encour-
agement to the motor industry
was contained in statistics reveal
ing that current inventories Of
new-car stocks are IS per cent
under what they were year ago.
Cooperation Essential.
Cooperation of Government
and industry to restore confidence
Of capital and labor in the Ma
tons fundamental stability was
held essential to trade recovery
by julius H. Barnes, chairman of
the National Business Survey
Conference, in his address last
week at the annual banquet of
the National Automobile Chamber
OF Commerce in New York.
More than 1900 representatives
Of all divisions of the automobile
industry attended the banquet,
which was staged in connection
with the automobile show.
Mr.. Barnes, who Is also chair
man of the board Of the u. S.
Chamber of Commerce, urged that
all forces Of leadership unite in q
program for stabilizing employ
lnent.
UnwillingneSs Of political lead
eEs to subordinate party selfish
ness to the solution of business
problems was scored by the
speaker.
Today America acts almost
nike an unframed child" he de-
ciared. cts credit resources have
been rendered partially ineffec-
tive despite its tremendous bal
ance and its low discount rates.
investment ventures are not large.
Today individual savings, potent
In the aggregate, seek the security
of carefully regulated savings
bank deposits rather than have it
employed in production. Fear for
future employment and the desire
of workers TO build up reserves in
the event Of their non-employ-
ment is the major obstacle to i'm
mediate trade revival" the speak
CT declared.
"In the quarter century which
has marked the development of
the automobile as a symbol of
higher living standards we have