The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-19
INDUSTRY
To END GREAT
PERIOD
Car Production for Past Half
Year Has Eclipsed All
Records.
BY MARSHALL b. WALKER.
\. ro~..I,t.r News Service.

Cosmopolitan News service.
DETROIT, Mich, June 19.-The
motor industry will end next week
it's greatest half-year period In
history, and the second quarter will
have broken the. production achieve
ments Of the first. Records for out
put. sales and expansion Of plant
facilities have all gone by the
board
Production for the second quarter.
ending June 80, probably will be in
excess of 1,00O,000 cars and trucks.
The first quarters output was
796,78O. In April and May more
than TOO, 900 cars were built, and
even should June, as expected, fall
slightly below May. it is reasonable
to expect better than 100000 cars
for the month, bringing the grand
total past the million mark for the
quarter.
There is nothing wrong with the
industry. figures given out from
week to week indicate. Any falling
off in production or demand which
occurs this summer will reflect only
the usual seasonal current.
Production as q whole still ts at
high tide. especially in the more
prominent concerns, and there is
apparently an Unsuitable demand.
Some smaller manufacturers, It 10
true, are experiencing slight
softening, but in almost every case
output is above any previous year.
Auto makers are agreed on one
point. They say the current year
will establish new high records in
production and profits for the lead
ing companies. Some manufacturers
have expressed the opinion that in
the neighborhood Of 100000 cars
will be built this year.
Up TO July / Studebaker will have
produced and sold $4,000 cars this
year. or an increase ct 80 per cent
over the corresponding period of
1922.
Ford set a new high record Of
10000 last week. with a daily high
of 6,7sS.
Cadillac reports rapid increase in
export business in the last six
months.
Buick shipments set q new high
record early this month, when $50
freight car loads containing 1887
autos were sent out from the
factory.
Lack of glass and parts IL the
only thing holding the Olds from
breaking all records, says A. B. G.
Hardy, president.
Officials of the REQ Company in
Lansing are highly elated at the
visit paid them last week by thirty
one California REQ dealers. These
men, the pick Of the sales system
with which Byron G. Foy. branch
manager at Los Angeles, has sur
rounded himself, spent several days
in Michigan's capital city and then
visited Detroit before returning to
the Pacific coast.
Packard has announced its new
single eight" or eight cylinders in
q line, with four wheel brakes.
Experiments on this car have been
known for some time and there was
much speculation when the car
would be announced officially.
More than q. million persons have
enrolled In the new Ford IS per
week plan Of sales which was
started q month ago.
The 7,777,777th Ford motor was
built June 8 and shipped to the Los
Angeles branch Of the company.
Ford has started work on new
factory and huge power dam with u
fifteen4acre lake at Worthwhile, Mich.
This is the second in that town.
Tire price cuts, while causing gen
eral rejoicing among motorists, have
caused quite a furore among manu-
facturers. Firestone started the
ball a-rolling with a 10 per cent
reduction, Since then one other
concern has reduced prices, and
there 10 considerable speculation as
to what will be done by other big
firms who, It is reported. were look
Ing for an advance rather than a
decrease.
The excellent condition Of Dodge
Bros, Is shown In the statement
Just filed az Of juno 80. 1924, with
the Michigan secretary Of state.
Total assets were $6O,S1o,963; cash.
$16,166, 404; notes and accounts re-
oeivable, 81. 500. accounts and
other obligations payable, 1885,
924; surplus. $40 .426,0S9.