Show G. G M. M Foresees Car Demand WILMINGTON Del May 20 UP General Wi-General General Motors Corp expects the number of potential new auto- auto purchasers to stay substantially substantially substantially sub sub- above prewar levels stockholders ers were told Friday Alfred P. P Sloan Jr chairman of the board said at the Ule annual meeting here that while it St seems clear th that t the ability of some sonic groups of consumers to buy at existing prices is prejudiced because because because be be- cause their income has not in increased increased increased in- in creased in proportion nevertheless nevertheless nevertheless less it appears that more than enough have been added because of increase in incomes to throw the balance on the favorable side Sloan said General Motors' Motors second second sec see ond quarter earnings should be as favorable as those of the first quarter In which net income amounted to or 30 1 a common share Reporting that passenger cars cars- and more particularly trucks should shortly be in ample supply while household appliances have already reached that stage e he said In all probability the latter part aart of the year will see a lowering lowering lower lower- ing ng of existing production levels on the part of all producers General Gen Gen- oral eral Motors included |