Show SUBSTANTIAL GAINS NOTED IN AUTOMOTIVE INDUSTRY Signs In the automotive industry like those throughout business In general point to substantial gains in 1940 1840 Felix Doran Jr Assistant General Sales Manager of Chevrolet told Chevrolet Dealers Friday at t a II lunch luncheon held at the Hotel Utah In Salt BaIt Lake City Mr Doran Dotan was principal principal prin prin- cipal speaker at the meeting where Chevrolets Chevrolet's plans for the coming months were laid before the Dealers from all aU parts part of the Salt Lake City Zone Stanley Bradshaw attended the meting from this city Every vital Index Mr Doran said ald supports support the expectation of cantin lag ing business Improvement He lie listed steel production electric current curren consumption employment building permits department store sales salea and numerous other reflectors of public public- buying capacity as leading to the same conclusion Especially significant significant significant cant lib hb said aId is the fact that the Improvement Im tnt- pro provement ment noted is not confined to tomy any my single area rea but Is evident In greater or lesser degrees from Coast Coasto to o Coast National Income rose from 64 04 billion dollars In October 1938 1933 to 69 billion dollars in October 1939 1039 he pointed out The Th industrial employment employment employ- employ ment nent index showed an Increase from In October 1938 to 1033 1032 In the same ame month of 1939 the level main Lamed from 1923 to 1925 being taken as the standard for comparison The Thu index of iron and steel production production production pro pro- for October 1939 was as 83 compared with 88 in m the same month month monh mon mon- th h of 1938 the levels of 25 1923 again taken as the standard Production of steel teel Ingots for the week of December Decem Decent ber 23 1939 stood at 90 percent of o capacity as against percent of capacity in m the same week of the previous year car loadings advanced from rom the the total for the week wee of November 9 9 1938 to 1938 to In Inthe Inthe the he same week of 1939 and production production tion lon of electric current an especial especial- ly Iy y significant Index increased by byI more than 10 million hours I In n the first 10 0 months of 1939 Permits Per Per- mils mats for worth of conn con con- were issued the first 11 U months of 1939 as against In the same period of 1938 1038 Within the automobile industry itself said Mr Doran there is 15 abundant indication that advances reported In other Industries have a 11 reaching far and basic rather than thana a superficial meaning Truck sales ales are one of the most reliable Indica indica- Their phenomenally heavy volume since the announcement of our 1940 4 product is a reliable sign alga that business and Industry are are getting getting getting get get- ting prepared to handle heavier heavier volume vol ume of materials than for a time lime past And when business and Industry go to such expense they al always always al al- ways know what they are about |