Show economic and industrial situation for 1929 promises record of prosperity ey by ALFRED P SLOAN jr president general Alo motors tors my afy hu business siness viewpoint so far ns its 1929 is concerned is necessarily necess aril based upon what I 1 believe to be a fait fact namely that there is nothing except soundness in ili the general economic arid and industrial situation I 1 see no reason therefore why we should not continue to progress and enjoy excellent business and a general measure of prosperity net nest year aar should see ce a new high 0 record in automobile production product iou I 1 reach this conclusion because I 1 believe that the statistical po position of the automotive industry indicates that sales pales during 1928 were limited by lack hick of production Kli on in ili tile the low priced field which means that we shall parry carry forward a vertain certain amount of business in 1929 which will of course be in addition ion to tile the normal trend the normil trend will call va ill for increased production due to the in created creased replacement demand over previous years plus increased demand r for or overseas markets which are anro expanding very rapidly plus a r pa son able amount nu loutit of natural growth all of which should swell the total to a point acre where I 1 believe a now new record tor for production will be established |