The Detroit times., 1910-08-02
BUICK MOTOR cos
PROFITS FOR YEAR
ARE Sc, 100000
Detailed Statement Of Affairs Fur
nished Mercantile Agencies Indicate
Prosperous Year With Business
In Splendid Shape.
Assets Exceed Liabilities by Over
$4,000, Oo0-wild Stories as To
Cars in Storage Exploded.

The statement shows the CON-
pany's assets total $l7,445, 964.50, and
Its liabilities $7,0l6,O12.2S, leaving a
balance OF s10.429, 952.22.
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-
volved largely around the Buick
Motor Co, OF Flint, that concern
naturally looming up as fair target
for gossip by reason of its size, a
frank and detailed statement. furnish
ed, Tuesday, by the Buick Co., to r..
@. Dun and Bradstreet's, will prove
Of interest.
Among the impressive and import
ant bits of information furnished by
the statement is that IL shows assets
moro 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 that the company has, at all OF
its branches, 2,316 cars. or less than
the average 80 days requirements OF
those branches. the sale OF which at
the present time exceed 81, 500,000 per
month.
The further fact is adduced that
come or 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 a 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 $1,000 each.
On the same date, the company had
orders for Az of these models for
immediate shipment July 81, the
company had at its factory in Jack
son, 416 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 2O2 motor
cars in transit to It's 20 different
branches OF an average net value OF
$1,000 each On July %, f9l0,~ ac-
cording to reports on file. the com
pany had 2,3l6 motor cars at its ~
different branches OF an average net
value OF $1,000 each.
A great deal has been said abou,
the large surplus of machines at fac
tory and various other points as in
dicating demoralized condition
the trade. The figures show tina
Buick company has 2,316 cars at 70
branches, an average, II equally dis
tributed, OF 115 cars 10 each branch.
When Il Is considered that some
of these branches are doing b
ness of over 100000 per month. re-
- lAa0
400 cars per month. II shows how
ridiculous and untrue are the state
ments referred to. The company also
calls attention to the fact that it's
monthly sales at the present time OF
50. 900 are considerably In excess
of the value of cars reported on hand
at all branches on July %, 1910.
A recapitulation of machines In
process OF construction to complete
schedule of production for 1910 shows
the following:
a.545 machines at $1,000 each. s3.545.000
$500 machines at $3.50 each. l,l2b,OOO
1000 light delivery trucks at
800 each ..,..........'... 'VV,v"V
$3.50, 600
Less cost OF material and la
Dor 20 complete ......,.... 100000
$3.50 600
According to the above, the Buick
company has in quick assets, aside
from any other resources, finished
machines at factory and branches,
1910 models, of the value of $685.
600, and machines in process OF con-
struction to complete schedule OF
production for the season of 1910,
$4,670. 900, making total of $S,0O6,-
200. all of which will be converted
into cash within the next four months.
n addition to the above, the branch
houses OF the Buick company have
accounts receivable aggregatjng ST.
O25,19900. Then, too, the company
has invested in material and labor In
preparing for it's 1911 business, s4-
100000 The total sales this year
amount to s20,479,9I211, 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 500, S55.20.
The profits OF the Buick company
Ill