The Detroit times., 1910-08-03
BUICK MOTOR cos
PROFITS FOR YEAR
ARE s6, 100000
Detailed Statement of Affairs Fur
nished Mercantile Agencies Indicate
Prosperous Year With Business
In Splendid Shape.
Assets Exceed Liabilities by Over
$4,000, 000-Wild Stories as To
Cars in Storage Exploded.

In view of the fact that wild and
exaggerated rumors. with which the
motor car industry has been assailed
for the past several weeks, have re-
VOWED largely around the Buick
Motor Co., of Flint, that concern
naturally looming up as fair target
Tor gossip by reason of its size, q
frank and detailed statement, furnish
ed, Tuesday, by the Buick Co.. to r.
@. Dun and Bradstreet's, will prove
OF interest
The statement shows the COM
pany's assets total $17,445, $3.50, and
Its liabilities $7,016,0122S, leaving a
balance of 3l0,429,952.22.
Among the impressive and import
ant bits OF information furnished by
the statement IL that 1t shows assets
more than $10,000,000 In excess OF
liabilities.
The stories told with regard to the
number OF cars stored by the Buick
Co., In Flint and throughout the coun-
try. are adequately and conclusively
answered by the simple statement
that the company has, at all of
it's branches, 2,316 cars, or less than
the average 80 days requirements OF
those branches, the sale Of which at
the present time exceed $2,500,000 per
month.
The further fact is adduced that
some OF the branches are doing q
business OF more than 100000 a
month, which means total distribu-
ton, In each of the branches referred
to OF 400 cars month.
On July 81, 1910, the Buick COM
pany had in its factory in Flint, 527
finished cars OF different models Of
an average net value of 81 900 each.
On the same date, the company had
orders for Az OF -these- models-fo
immediate shipment. July ~, the
company had at its factory in Jack
son, 4l6 finished light delivery trucks
of an average net value OF 500 each.
On the same day, the company had
on hand orders for 81 of the above
for immediate shipment The com
pany had approximately 202 motor
cars in transit to its 20 different
branches Of an average net value OF
$1,000 each. On July 90, 1910, ac-
cording to reports on file, the COM
pany had 1915 motor cars at its 20
different branches of an average net
value of 81 900 each.
great deal has been said about
the large surplus of machines at fac
tory and various other points as IL,
dicating a demoralized condition
the trade, The figures show the
Buick company has 1916 cars at 20
branches, ar average, IL equally dis
tributed, of lis cars to each branch.
When it is considered that some
of these branches are doing a b
ness of over 100000 per month. re-
curing stock of not less than
400 cars per month, it shows how
ridiculous and untrue are the state
ments referred to. The company also
calls attention to the fact that Its
monthly sales at the present time OF
50. SOC. 900 are considerably in excess
of the value of cars reported on hand
Mt all branches on July %. 1910.
A recapitulation of machines in
process of construction to complete
schedule of production for 1910 shows
the following:
s.545 machines at $1,000 each 50. $4,000
$500 machines at $3.50 each. 1.1250oo
1000 light delivery trucks AT
500 each ..............' 'Vo'oVV
,5.37o.ooo
Less cost OF material and la
Dor. to complete ........... 100000
S4670, 900
According to the above, the Buick
company has in quick assets, aside
from any other resources. finished
machines at factory ana branches.
1910 models, of the value OF 1885,
600, and machines in process OF con-
struction to complete schedule OF
production for the season of 1910,
s4670 900, making a total OF $S,006,-
200. all OF which will be converted
into cash within the next four months.
In addition to the above. the branch
houses OF the Buick company have
accounts receivable aggregating ST.
O25 $4,000. Then, too, the company
has invested in material and labor In
preparing for its 1911 business, 81.
400 900. The total sales this year
amount to $20,479,972.11. as against
S12,293,944.64 last year.
The largest amount ever paid to
the Association of Licensed Automo-
bile Manufacturers for royalties un.
der the Selden patent was paid by
the Buick company for the quarter
ending June 80, 1910, the number
cars built and sold during, the quar-.
ter, numbering 1897, the royalties on
same amounting to $93,S55.20.
The profits OF the Buick company
for the year 1910 will aggregate So
mo 600