The Washington times., 1923-12-18
1928 BOOM YEAR
FOR MOTOR
CARS
Larger Companies Reach New
Production Records in
December.
BY MARSHALL B. WALKER.
COsmopoIitan News Service.

NO8AAAOEsOAANNAM
DETROIT, Dec. 1S.-AutomobiIe
manufacturers will conclude next
week the greatest December and the
most prosperous year in history.
Practically all large companies
are making more cars this month
than in any previous December.
records being reached by Ford.
Buick, Oakland, Essex, Dodge,
Hupp, Chevrolet and Paige-Detroit
Ford Motor Company stands high
in general interest this week. Mo-
tor No. ,OOO, 900 is< scheduled to
come off the line at tfthe factory In
a few days. Frpm January ! to
December Ford built 1,765,8S1
cars. Production this month viii
total around 100 900, compared with
1866 900 last month, which was as
900 greater than in November. 1922.
This will give Ford an output of
approximately 1926, 900 for 1928
The report that Ford will close only
two days, December 28 and 20, for
inventory indicates that the com
pany believes 1924 demand will be
so great that only the minimum
time should be taken out of produc-
ton for stock taking. While Ford's
American plant is expected TO build
from $500, 900 to 1900, 900 cars and
trucks in 1924, 1t is announced that
the Manchester plant of the Ford
Motor Company of England will
build approximately $4,000 cars next
year.
Olds to Increase.
olds producing about 5000 cars
month now, plans for more
than $500 in January and 5000 in
February, with steadily increasing
production from month to month
during the spring and summer.
Willys.Overland plans TO build
$3.50. .00O, 900 wortM of automobiles
in 1924, President John N. WHY'S
announces. Contracts already on
file cali for 100000 cars next year.
WHY'S November production was
IL 900, and output for the entire
year OF 1923 is expected to reach
205. .00O, the largest In history.
Hupp plans $4,000 cars next year.
rs per cent of which will be closed
jobs.
Pierce Arrow PrOspers.
Additional evidence Of the pros
perity which unprecedented btsi-
ness of 1928 has brought the va.
rious companies is given in an
nOuncement that Pierce Arrow, By
an increase of 90 per cent in busi-
ness over 1922, has just been able
to reduce It's bank loans from
$S.50O.000 to 50, 500, 900 and stiII have
a cash balance OF $1,S82. 1873.
Fisher Body Corporation's report
for the first six months of It's fis-
cal year to October 81 shows earn
ings of $1O,O15, ,594,s which. com
pared with the corresponding period
OF 1922, are 80 per cent greater.
This gain is accredited to the great
auto production, as Fisher Body
supplies great quantities OF Gen
eral Motors bodies. The corDora
ton expects to increase production
in the next six months.
Hayes Wheel Company, Of Jack
son, Mich, reports November bust
ness one of the biggest in history,
owing to larger orders from Gen
eral Motors and Ford. Earnings
for the current year, it IS be-
leved, will be sufficient to raw off
the company's outstanding bonds
of 81. 400, 900.
These reports are only 4 few OF
the long list which has been in the
process of compilation for several
months, all showing that motor IN
dustries in general have been get
ting ahead financially during the
boom year.
1924 Expected To Be Coed.
Companies are now pranticallv
set for the inaugural of the New
Years business. With SO many
records broken this year s,ch =
large margin, it might be supposed
that 1928 would stand out for wears
as automobile industry's greatest
year, but from every indication
1924 will surpass it. Factories are
buying large quantities of stee!
against heavy production schedules
for the first quarter of next year,
and almost without exception manu-.
facturers predict continued increas-
ing sales and output.
Another motor accessory manu-
featuring company will begin oper-
alton in Michigan January I. The
Whyte Motor Products Company, a
million-dOllar concern, which is
moving to Muskegon from Chicago.
will be ready for production the
first of the year, the Whyte COM