Salt Lake Telegram | 1950-01-17 | Page 21 | G. M. Officials Still Optimistic

J Gg Ma M Off Mm I I NEW V YORK Jan 17 Busi UPI P Busi Business ness prospects for the year ahead look good to General Motors Motors' top executives In the opinion of Alfred Alred P. P Sloan Jr board chairman the buyers' buyers market has not yet arrived for the auto industry but it may come in inthe inthe inthe the latter later half of the J year ear I C. C E. E Wilson Vison General Motors i president said he expected 1950 to tobe tobe i ibe be a fa very Tery prosperous year He added with certain stipulations that he saw no reason why the te next 10 years should not be in increasingly increasingly in- in prosperous i Sloan and Wilson Vison spoke at a luncheon Tuesday for several hundred hundred hun hun- dred leading industrialists preliminary prelim prelim- inary mary to the te opening here Thursday Thursday Thursday Thurs Thurs- day of General Motors' Motors hotel at the Atoria Astoria Waldorf-Astoria Deferred Defered Demand Sloan speaking ing first said Deferred demand from the war was a factor last year ear earVe We Ve estimate estimate est est- esti esti- mate this deferred demand will wi carry carryover over into 10 1950 1050 0 to the extent of cars about one and one half one hal million The postwar distribution of national national na na- na- na tonal income even giving ng weight to the higher price level has ha in increased increased in- in creased substantially the number of families that tat are able to purchase purchase purchase pur pur- chase a new car Of exports export Sloan said G GM M. M exports export in 1949 were off 30 from 1918 19 This year is likely to be beof of off nearly 30 again agai from 1949 1919 On the other hand deferred demand demand demand de de- de- de mand in practically all al overseas oversea market markets is far from satisfied Underlying Underlying n Reasons This paradox is due to the fact that markets that normally buy General Motors products product made Inthe in inthe inthe the United States and Canada cannot cannot cannot can can- not do so to the extent they did before because they do not have enough available dollars Sloan said Wilson Vison said There are certain hazards to our prosperity He Hc added that the next decade should be increasingly prosperous p pro r o s p per e r o 0 u s as long as 1 World peace is maintained 2 We Vc continue to achieve social and economic progress through trough evolution and avoid those revolutionary revolutionary re experiments that have again enslaved millions of people in much of the rest of the world word I