Show NO SLUMP IN 1 AUTO No Foundation For Belief Belie That Industry Is Slack D DETROIT TROIT June That 28 28 Thai That there thero theres ther Is s no DO basic reason tor for th the state state- statement ment made mode by some that the tho auto auto- automobile automobile mobile Industry Is IR in the throes ofa ot of oa II a slump Is ig the belief of o W v R It RAn RAn- Angell An- An Angell gell geli vice Ice president of ot the tha Conti- Conti Continental Continental Motors corporation build era of or motors for tor or many of ot the tho automobiles automobile and truck trucks truck's In an interview lew 1 Mr I Angell said that it se 11 wai his his opinion Ion that the present unrest unrest est tsar a purel purely a mental one there here being no real roal foundation for tor it except pel perhaps haps that this is a II presidential year MORE R Io I GS n I GS GS As As tar far as I can see the auto auto- automobile auto automobile I mobile and truck business Is etab- etab tab tab- Itself on a firm and perma perms permanent permanent nent flout foundation Our earnings thIs year ear are certaIn certainly greater than last year ear and our schedules from man man- manufacturers manufacturers man manufacturers Indicate Improved conditions conditions con- con Some people talk about the saturation sat sat- j point as IlS being close sat sat-I at hand 1 bot 01 m ml my part I believe bellee belle e they are wrong Statistics show that It if the entire country were nero as dense denso I with cars as California is thel there e would Houle need to be bo m to n the neighbor neighbor- neighborhood hood of 36 million cars carll registered I ed edIn In the United States While White It Ii not likely that the entire countr country alit TV e ever eser er hM have hale e the tho cat cai density ot of California a good criterion to fig uie tig-uie ule me by would probably probable be South Dakota To equal the present PI sent density of ot South Dakota D there thero would have hale to be 22 million cars or more In the hands of 0 ners VI 11 VIE IBE E U YE YU illS A ER un ERGE GE GI At th the end ol ot 1923 there here hereabout ere about IS 16 million cars and II trucks registered In the United States Is 7 million short t of the requirements re- re re requirements when ohen even even ven South Da Dakota Da- Da Dakota I DI kota koto Is used as a n criterion when you consider con der that thit the average life I of a car is fe approximately the th 9 year ear cars one can I see seo that each year the number of ot cars which ha base hae e their u usefulness will wilt Inci Increase ease Probably 1 l 4 h million on cars will be required this Car vear ear for tor replacement purposes alone a are are- ai this thIs number will Hill III gradually Inci r se each Sear lear ear Take Take Into consideration also the fact tact that the point Ill ill be bo constantly moved up from Sear car to leai yeat al keeping pace with the Increasing population Increasing per capita wealth Increasing good pads loads toads etc Peen r en It if we should e eser eer er reach I the tho saturation the United States think of the tho very large de demand de- de demand demand I deI mand In foreign fields which h Is constantly Increasing h When n one considers that only 1 1 c sent cent nt of all tie 10 own o owned I ed outside of the United State you ou can car get some Idea Idel of the tl tiei tie tic e- e I i m trade possibilities In Can Can- CanI Canada Can Canada I lada ada Europe Asia Australia and South America This will Hill be bo r PI penally truo iron of the tho British Isles wh where ro the house houwe of commons has recently owned the tariff on au- au tomo au-tomo Imported Al WORLD ORLU ORLI ron FOR SI M R n hen American demand ha been satisfied automobile manu manu- manu been will nut IJ be In a position portion to seek other markets They will III be bein baIn In many I respect prepared l I Ito to compete compote In hi those hYI by reason re of the fhe fact that lint they can cars at a It 10 lower loner r cost ns as the I volume of production increases Taking it all In all till I can con sec absolutely no reason tot foi any an pea pcs I I feeling on the pa pal pait t of manufacturers who ho ha hate e eI satel safely towards the trend I lot I lot of th the demand and who alto are I equipped with modern machinery end and efficient business s methods to Igho gh 0 th the public transportation fa fa- fa ta I at minimum costs costa I |