Evening capital news. (Boise, Idaho) 1901-1927, 1919-09-21
GENERAL MOTORS Co.
TAKESSAXONP PLANT
United Concerns Plan Shipment
of $4,000 Oars Next Year
Profits and Production.

|
Motors corporation. 1t is understood
General Motors will use the structure
to house the operations of the Scripps-
Booth company, which 1t acquired as
Subsidiary
The building erected about two years
ago Is one of the model motor car
plants of the country but has never
been occupied by the Saxon organiza-
ton During the war 1t was leased to
the government for storage purposes.
c.. A. Pfeffer of the Saxon corpora
ton denies the report current in finan-
cial circles that the Saxon and Har-
roun Motors company are to be merged
Although operations OF the Stude-
baker corporation were not in full
swing until April. net profits for the
first six months OF this year were 100
per cent more than last year, before
deducting reserve for income and ex-
cess profits taxes After these allow
ances they exceeded 10 per cent on
common stock, according to a state
ment credited to President A. r. Err
skine.
sTuDE5AkER POSITION STRONG.
Bendplant under construction at South
Bend will be completed next January
and shipments of cars started in April,
with a total OF $4,000 scheduled for
shipment next year (which, added to
$4,000 cars SHIPPED by the Detroit
plants, makes $4,000 cars planned for
production next year. when it is esti-
mated sales will exceed 100000, 900.
The corporation Is in stronger finan-
cial condition than ever before with
cash in bank, sight drafts outstanding
and Investments in government and |
marketable securities of nearly $780,
100000, no bank indebtedness and plant |
expansion paid up to date.
The statement of profits of cash no.
sition which General Motors will issue
soon VIII throw flood of light on the
scope Of the boom in the automobile
industry. 1t is understood that profits
Tor the year were roughly about third
again as much as for last year.
From January to June 80 the pro-
auction of automobiles and trucks
alone was $4,000, or II per cent of
The total of 100000 cars, trucks and
tractors put out in 1918 The second
half year will be much larger SO that
,or the full IL months well over 400, 900
Seen stated that the planned p srt65ddahdy
ion Of passenger cars for the auto
mobile year from July 1, 1919, to July
|, 1920. is $4,000
Net earnings of the Chandler Motor
Car corporation in the first seven
months Were about $4,000 900, or $40 a
share on the 100000 shares of stock
before providing for taxes In the full {
2 months earnings, based on the pres ]
INT the year would total more than ,
1000 600, or about SIS share.
HUGE TRUCK PRODUCTION
Up to August the company pro-
luced more than 5000 cars, which was
| larger production than the full year ,
If 1918. The IL months output this i
'ear should exceed $4,000 cars which
would top the record output in 1916.
The company is far bheind in deliv- I
,ries las are most of the big automo- {
bile companies and is planning to
Increase its production to $4,000 cars {
1ext year. This will not require any I
expenditure of funds, as I
here are sufficient facilities in the {
present plant for such a production. {
In statistics compiled for tho 1919 c
rucls production in America, the total q
estimated to be manufactured is $780, '
700, and of this total the volume will ]
for the one-ton truck. The country
VII absorb, declares G. D. Wilcox, d. t
rotor of sales and advertising for the c
Cnmerce Motor Car company, more {
TIM 13S,700 one-ton trucks in 1919. or q
4ooer cent of the estimated produc- \
| tioi r
| lie next largest number to be pro-
auca will 30 of the two-ton capacity.
OF Nich cosa to $4,000 will be manu-
factsed, a 10 per cent Of tho esti-
mate totas.
nl912 he truck production was
estimted a $4,000 commercial vehicles
and S771 ere manufactured; in 1913 ]
therewere Manufactured 5s,672; IN
1914, 4.o4S' in 1915, 1924: in 1916
1o1,o6l in NJ, 12s,157; in 1918. 227.
$50, ad in p1s the peak win touch
$4,000