Show 4 1 Auto Manufacturers Manufacturers' 1 I Confident Co t of Fu Future ture turea Adverse Credit Conditions M Material Shortage b n a and nand Di iS in Moving l Freight Fail to Dispel Feeling Feeling of f Optimism in the East ast Detroit June 26 S.- S. Automobile C. Automobile manufacturers manu manu- manu manu-j d despite the action of the I banks refuse to be pessimistic and are arc facing the future with sorene serene dence Production has fallen off ott due aue to troubles and lack of material from 0 20 per cent to as CUI high as BO 60 per cent and promises to fall ot off even from tram these CI figures unless conditions Improve There Thero can be no doubt that tho the refusal of the banks to finance time payment plans In the purchase of automobiles has resulted In many cancellations can- can collations and In stoppage of oC sales It ItIs ItIs Itis Is felt elt however that this condition is only temporary and lUul that the fall CaU will see a greater demand than ever Tho rho banks at ot present aro are favoring the tho farmers as ns It Is felt necessary to lend every assistance to agriculture until the crops are harvested after alter which restrictions now placed upon the motor car will undoubtedly b be removed Tho The present situation Is isa a a. trying one not only for tor passenger car Clr makers but for tor truck makers The The- makers of or of motor trucks are arc protesting vigorously as tho the truck has done dona so I much for tor the tho country that they cannot cannot cannot can can- not see why there should be bo any re restrictions ro- ro whatsoever placed against tho tho purchase of motor trucks and why truck purchases should be placed on a Q apar apar par with tho the purchases of cars Trucks are Lre consider alton atlon on on tho preferential list In ing In steel while passenger cars 1 are areaway areaway away down upon this list Steel Is being diverted to the the- railroads railroad railroads rail rail- roads road to such an extent that It may bring about a closing down of ot many automobile plants This condition will rind find the passenger car makers prepared prepared pre pre- pared with many many cars stored to taketaro take taro care of ot business ss until such time as asthore there thoro Is a change In the situation Automobile Au Au- manufacturers are willing to tomake tomake make nua-ke a sacrifice In favor tavor o of the tho railroads railroads rail rail- roads provided other Industries d do the tho same Tho The shortage of materials h has brought about a reduction of working forces amounting In hi some cases to as sigh as ns 25 5 per cent and strange to tosa sa say outputs have Increased after alter the I reduction as aSI tho the workmen remaining havo have Increased their efficiency |