The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-09-16
MOTORS IS
SELLING AT
HIGH MARK
Maintains Higher Lev
ell Than Any Other
Stock On Record
BUSINESS SHOWS
STEADY INCREASE
New Company Is To Be
Formed At Early
Meeting

General Motors common. as tbe
time draws near for 'Io announce
l0er' ot me read lu~fUeuf ~ iis zap
lttilzafioU has moved 10 q higher
level than any stock or mo New
York stock exchange has ever main
aimed Northern Pacific iu Nay.
1901 uomertprily Touched 600 a
share bgt this Eas due 20 q bear
pd~.c i7 the Sight for control.
plan has hee1 worked ont,
which vii soon he officially an
Hog0ead rroYt nE FOR a recapUAii.
rtttoH ~ chr tiehrfr Motors Com
paHy Under tgi- plan 6. is under
stood that now COMPANY all, DO
formed tha shares ~ which all be
exchanged 'o~ General Motors
share. The prasen' General Mo
TORS common Rf'I receive I've shares
~ 0cN common FOR each share of
old. and present General Motors pre-
'Hrred stock viii receive four shares
90 new preferred sor each three
-harre ~ old IRE nov common
stock Nill oe without par value The
rna preferred v'l b. slt per cent
issue r1'f1alo no 1910 in 1918
tff' Nff~tN lev Aft-tf--t ~
Motor Company Will haze outstand.
irR st90sH 2ff six ue~ cent stock
and s1U.s29 shares ~ common stock.
compared with 3D." present sl49s5.-
l01 sewer pr cont preferred and
sit.-nE.-s3 common ISSUES
Tho present preferred stock has
r0 oal'ah'n feature and the inser
fi00 ~ 'he o-Ia1'r clauRe IN the
ue7 preferred stock iu understood
&C. 10 Nth 'te idea that within the
next 'v0 wears tho enormous cash
resources of tho company may be
devoted 20 he retirement % the
pre- 'crred shares. so that tho entire
0U0arship ~ me company will be
rerressrfed In 'he corruon stock
General Motors in fh" fiscal year
ended JAY 3d. last. az q gross DIS
moss ~ above $50 200 GOO in the
manufacture Of l20.f1o motor cars
and pet profits amounted 20 approx.
imafoly SIC 100000 This earning
power. after allowing for preferred
dividends 81 equal 20 1870 per cent
on The present amount oi common
stock
General Motors doing $3.50 o00. 900
rrues business on n total capitalize
ZION ~ bat 81 f9i .gS' tboth com.
mon and pre'rr~odl has one ~ the
lowest ratios Of capitalization to
Frgse ~ any corporation in the
country. one 20 Eve
~ no rate the uop fiscal wear
has begun. 10 ig very probable that
General Motors VIII do 5000 200 900
E- a. n ErI TtsIw
next. and with the capitalization on
'hp nov basis to'alirg sl02. 0l4,lTl,
VIII ui' be doing g. Ia gross for
every s. in capitalization
on tho basis ~ capitalization as
above outlined. Tho earning power
~ the 1916 facsl year ~ about f26-
600 GOO would be equivalent ~ about
$50 per share NJ the new common
~ 10 par value
with The production schedule oi
i20 600 Bucks this season. com
parrd with So 00o I'm The 1916 year
and Increased output ~ Oaklands.
Olds and CadlIlacs an earning pow
o. substantially greater than f1S,-
100000 seems assured Tor the cur
rent fiscal period ~ end July 81.
uert
The Chevrolet Motor Company IL
tho largest holder ~ General Mo.
tors mormon The oEAct amount
/ ~ General Motors common which
has been exchanged for Chevrole,
+ shares has never been officially an
nounccd. bat 70 r. understood that
a aubstantial amount ~ the sf6 .BOs..
! Is3 General Motors common rests
In the treasury 81 the Chevrolet
COMPANY