President Roosevelt in a discussion with the press indicated it was known that Mr. William S. Knudsen, vice-president of General Motors Corporation, might offer suggestions to remedy the business slump.
Yesterday Mr. Knudsen told the Senate unemployment investigating committee that he doubted the effec-liveness of the President's suggestion io stabilize production through industrial conferences. "He said a solution leading to improved conditions lay in sales control and not in production.
The Federal Government, however, took steps to comply with the Pres dent's suggestion for closer cooperation with business, it was learned to-day.
The Assistant Secretary of Commerce, Mr, Ernest C. Draper, said he was preparing a series of reports on mass purchasing power, the national income and business inventories. The reports will be available to private industrialists in the form of a business guide released twice a year.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.