Evening star., 1936-06-28

/
for the week ending June 81. as COM
pared with a revised estimate of 103,-
Asst for the previous week. This is =
decline Of only 5000 units.
Unexpected sales strength during
June says A. D. N has lifted produc-
tion during the month so that the
total is expected to run close to 450,-
900 units, which Is almost l00, 900
units above the estimate made at the
close of May. Rural buying has been
a big factor in the upturn and reports
from the field indicate that June sales
may exceed the total for May, which
has now been revised upward to 450,-
900 new passenger cars and $500
trucks on the basis of reports from 36
States.
During the latter part of April, A.
D. N estimated that April would
prove the high month in a produc-
ton way in 1886 with May or June
coping the honors for registrations
| this prediction now seems to be borne
out in the figures available tor May
and field reports, says A. D. N, indi-
cate that June Is crowding May for
sales honors.
One of the most encouraging factors
! in the retail market at the present
| time, says A. D. N, is the improve
ment in dealer inventory position in
used cars Stocks were reduced
sharply during May and further re-
duction is expected during June in
spite of the fast movement of new
cars in that month. Soldiers bonus
paymants are expected to have a good
effect in reducing used Car inventories
still further during the remainder OF
June and in July.
Bonus bonds. which we're delivered
on and after June Is, were converted
into cash to total of 1929 800 as
of June 10. About S29000,000 in
bonds were redeemed on that day
alone and the cash disbursements are
expectd to mount rapidly during the
current week These payments are
expected to have a stimulating effect
on the used car sales during the
Summer with the result that dealers
will enter this Fall In much better
shape than they we're in the Fall OF
1885
DOLITICAL platforms announced
by candidates for election in
Tennessee, Pennsylvania, North Dako-
ia, Georgia and Illinois indicate that
motorists may enjoy a measure of tax
relief after the Fall campaigns are
concluded.
In Tennessee, two candidates fol
Governor, Capt Gordon Browning
and C. w. Wright, as we'll as A. j
Graves, candidate for reelection
to the State Senate, are proposing
reduction of Tennessees Z cents a
gallon gasoline tax. A third candi-
date for the governorship in Tennes-
see. Burgin E. Dossett, is waging q
campaign against diversion of gaso-
line tax revenues to purposes other
than highway financing.
Three candidates for the Pennsyl-
van:a Legislature, Joseph w. Givens,
Robert NJ Carson and Edwin NJ WALL
over, are opposed both to increasing
the current 4 cents per gallon gaso-
| line tax rate and to use of highway
| funds for general purposes.
Gov. Walter Wexford of North
Dakota, a candidate for reelection,
and also his opponent William LANCER,
are opposed to any increase in the
gasoline tax. Gov. Wexford has come
out in opposition to diversion.
In Illinois, c. Wayland Brooks won
the Republican nomination for the
governorship on the strength of his
stand against high gasoline taxes and
against diversion. The Republican
party in Illinois contains planks to
reduce the gasoline tax rate to cents
a gallon and to oppose diversion. The
party also favors a constitutional pro-
vision to prevent any further increase
in the gasoline tax rate.