NOT CLOSING

Evening Post, Volume CXXV, Issue 144, 21 June 1938, Page 6

NOT CLOSING

U.S. MOTOR WORKS

CONDITIONS IN AMERICA

A definite statement that his corporation was not closing the factory in the United States, as had been announced some time ago in a cable message from "Washington, was given in an interview yesterday afternoon by Mr. G. H. Strock, executive manager of the division of the Chrysler Export Corporation including New Zealand.

Mr. Strock said the information stated that the factory was closing down for two months, but it did not say when. The factory had not closed, and it was not going to close, except for the usual period of about thirty days for the purpose of changing over to new lines and taking stock.

Mr. Strock admitted that there had been a trade recession in the United States, but things had improved lately. Confidence was restored to soma extent, and it was anticipated that by October, or November next there would be a very big improvement. Referring to the unemployment in America, he said that the figures were very high, and had been for a long time, but when people saw that 20,000,000 people were unemployed they had to remember that there was always 10,000,000 out of work. It was not as bad as sbrii* people would like to say. Touching oh the duestioh of the Anglo-American agreement, Mr. Strode said the average American was hoping that something would come of the present negotiations. "It is bound to happen some day," said Mr. Strock, "and immediately it does the relationship between the two countries will be improved and put on a sounder basis, arid it will do much to restore confidence in the world. And the effect of suca an agreement will not be limited to trade relations alone."