Evening star., 1922-11-25
FORD SEES STEADY
DEMANDF0R AUTOS
Country Long Way From Be-
ing Fed Up on Cars, Asserts
Manufacturing Genius.
BY j. c. ROYLE.
Special DiSpa tch In Tto stsr

Special Dispatch TO Tie Star,
NEW YORK, November 25.-Henry
FORD, the largest manufacturer of
motor cars IN the world, said today
that the country was a long way
from being fed up on automobiles.
He did not say that for publication
although he did not bar it from pub
lication. He said il To the readers
OF Ihe Star to show that he was not
worrying about the saturation point
in automobile construction.
Ford said today that orders were
coming into his plant faster than
they could be taken care of and
that to him this was an Indication
~ ~ oetteIment or conditions all over
the country. Rumors have been rife
OF negotiations for additional coal
plants by the Ford company. While
ne declined to discuss these reports,
f>ord stated today that in addition
to taking care of the needs of the
selling coke to its employees at a
price OF Ss.5o ton as compared with
a current price of SIG a ton by De
troit dealers. and still not losing
money.
Cotton Mill Changes Hfnted.
Only the tremendous volume o.
automotlve business which Mr. Fur-i's
statement indicates and the unpre-
cedented volume of Christmas shop
ping business by the jobbcrs ana
wholesalers reported this week could
obscure the Importance of the large
movement under way in the textile
industries. Northern textile mill in
terests are negotiating Tor the pur-
chase Of southern mills.
In eventual scope these dealings
may mean expansion and con solida-
ton of the cotton mills which will
reach negotiations OF national i'm
portance.
Non-dividend cotton mill properties
! which have been barren for several
years to their stockholders are in
position to pay dividends from sue
cess1ul operations of the last quar-
, Ter or 1872. The more prosperous
piantS are preparing to declare STOCK
| dividends to avoid cXacIions of fed
eral taxes and recent rulings of the
internal revenue department. Tn.
| Martel Mills Of New York today an
nounced the purchase of ten south
ern mills in Georgia and the Caro-
llnas: and many southern plants made
simultaneous announcements of am
! bltlous plans of expansion. The rea-
son is plain. The southern mills
Knowing the spot cotton shortage
was coming, covered their require
ments in time and are now reapinr
I the benefit
Steel Merger Expected.
| Announcement of the purchase of
the MidVale Steel and Ordinance
Company and the Cambria Steel Com
pany by the Bethlehem Steel Cor
poration was anything but uncxpect-
ed. In fact. financiers and Wall
| street wondered why there was 50
much delay in consummation of the
plan, in view of the very well known
attitude of the Federal Trade Com
mission, which was based on the
| Clayton act.
| The very fact that the reorEan!za-
tion and merger provided for acquisl-
| ton Of the plants and other physical
| assets of the MiGvale and Cambria
| companies, without specifying ac-
| QUESTION of stock. clearly brought the
| merger within the requirements s"
often laid down by the Federal Ira de
ways held that acquisition of stock
| plainly violated the Clayton act. but
that acquisition of physical assets
did not.
Fuel Prices Lower.
Further encouragement Of the in
dustrial situation is SEEN in the Uni
vefsal reduction of coal and coke
| prices all over the United States.
Production has more than caught up
WIN oSHidHu anu llfbds1S flE0l-
capped in respect to other shipmen mt s
! have been able to pour Il volume OF
coal into retail markets which has
been sufficient to more than meet re-
Quirements.
Building operations have been SO
extensive as to require formation of
new building and loan associations
which have been chartered in unpre-
cedented numbers in the last two
weeks.
Road to Build New Trackase.
KANSAS CITY. November - tSpe-
ciaD.-The st. Louis and San Fran
cisco Railway Company is expected
to start construction of 1876 miles OF
new tracks in Oklahoma touching
new oil and coal fields in Craig
county and adjacent territory be-
fore December 81.
More Cars Available.
PITTSBURGH, November % tSpe-
cfaD. - Transportation conditions
! have improved sufficiently to permit
shipments of steel and other products
to keep pace with production. En-
bargoes on the Pennsylvania are ex-
pected to clear the situation on that