The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-06
FORD TO RESUME
BUSINESS SOON
Henry Has Money Trou-
bles as Well as Other
People

According 10 bcst csthoics OBJ
tainablc, tho factory viii really fc.
open about the middle of February,
and II ~ fcit that if the company
were abln tO gentle i'H operations
its rCtIgn foo b.uuriitiiN might ho
effected with greater expedition ana
safoty That the cntorpriH" bulita
too large. and iH iuu flr lacking iH
flcxibIlitv 10 render such a pruccri
an easy or simple matter however.
is one uf th, Obso NHtiuua current
Whcro ifa fIiurr Dr. b'ug discussed.
Tho thought thut 1t would Boz ad-
Vautagcous were tho company abba
to gentle iis operations. duCs not
necessarily refer only 10 iis EUtu"-
times far from gentle ticticH In the
administration OF dealer affairs
More tact and diplomacy might.
perhaps. bc injected into those ro-
isIuuHhipf, especially In View of tho
existing feeling among some Ford
dealers that moro generosity than
discretion has hccu employed lately
In loading Hhtpmcuts Of both cars
ana paris destined for their cH-
tnhlHhmcnts Ia thia instance more
particular reference is 10 the com.
paratitc rlFldIty of the Ford produc-
tiun system, witch hnH always been
dcHgnod and maintained with u
consistent view to expansion.
with what nIccty II can bc nd
iust,d to a diminished pcnlc 81 pro-
ductiou. aud with what accuracy the
abHorptiNc powers Of this particular
market can be Judged. rrmaina Ia be
seen. The trade ia at least Uf open
mind on ".
Somo outsiders make " point
to study Ilcnry Furds business quite
a 4. H.. Al. Al
himscif Estimates based on some
such studies have n that thero Hr"
In existence at the prcacnt time
122,O00 unauld cars OF this ono
make. Az against this. u normal
months business would turn Up or
dcrs for around 1000 Cnrs, su that
tho company can hardly bc charged
with being serlously overAtockcd
Shruwd trade observers make tho
statement that not only Ford but
all the volume producers would be
exceedingly wise To have sub
stnntiai balance uf untitled ordcrH
when commercial conditions begin
to take an upward trend. II iH
pointed out that this is merely good
psNchulugN, for one uf the best Dd-
Vcrttsomcnts that the trade could
have would be It's inability to sup
ply cars as fast as they are wanted.
Nut these sHmc authorities ar"
equally emphatic In dcuounCing all
q statements to tho effect that there
is likely to be any shortage of auto
mobiles for long time Ia come, and
uniformly agree that much might
result from any propaganda along
this line. FOr tho facts go long
way from bearing out any such
theory.
There arc plenty Of cars, the
country over, To- meet the expected
demand for many weeks To come
at least In some lines. Hence n
policy of actually waiting until this
surplus stock is absorbed would
seem to he the one and only safe
one to follow. Even bankers friend
~ TO the industry point out The
wisdom of dealers aud distributors
moving present stocks before spccu'
lntlng on the future, as yet unknown
and underlined.
Coming back To the Ford question
IL IL felt that the rodoubtnhlc Henry
TO hts amRgemcnt, is finding out that
there really Is such a thing ~ an
economic law. and that working
capital Is AN Important element In
tho conduct Of any business, Per
haps for tho first time, hc ~ feeling
tho need OF II now, and az hts
sources of supply are limited IN
other than Semitic sources, he is
naturally turning TO New England
which In wcll--Bosto
10 give Ford the credit that Is
really his. be II said that he has
paid off the money borrowed To ac'
auiro tho Dodge and other holdings
IN tho Ford Motor Co. and whil,
he is undertaking new borrowings
his position is fairly secure, Auto
Topics.