The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-06
F D R D MAKING
S10,000,000
AMONTH
Will Increase Dividend on Ger
tificates June 3O-AH
Plants Busy.
BY MARSHALL B. WALKER.
Cosmopolitan News Service.


DETROIT, Mich, June 6.-Despite
slowing up in activities Of some Of
the automobile plants, the industry
has entered the last month of the
second quarter with general pros
poets for prosperity unprecedented
for this season Of the year.
Announcement of price changes
by three firms, and the reopening
and increasing output in Ford as.
sembly plants, together with the
announcement Of an additional per
cent semi-annual dividend Of Ford
certificates, were. made during the
week.
Ford, in an interview, stated there
is little likelihood Of price changes
in his cars. A month ago he was
concerned over what he believed the
unjustified rapidity of advances in
raw materials which seemed to fore
shadow many car price boosts.
1--WE need all our profits for the
expansion Of our business and the
employment of more men," he stat
ed. I'VE are now making between
SIS, 000, 900 and $4,000, 900 a month";"
AS a result of this Ford prosperity,
the automobile manufacturer an
nounced Monday that owners of
Ford certificates will receive an adj
ditional dividend June 80, making
total dividends Of per cent for the
half year, 3 per cent Of this being
guaranteed returns.
Plants In Full Swing.
Every Ford assembly plant from
the Atlantic to the Pacific is now
in full operation and production is
averaging more than $500 cars
and trucks a day. An expansion
program costing many millions of
dollars is under way. In addition
to the assembly plants at Cleve-
land, Columbus, Ohio, Indianapolis,
New Orleans, Louisville, KY, Den
yer, Houston, Tex, and Portland,
Ore. which are running at high
tension, reports are abroad that
Ford will buy q series Of ware
houses on the Norfolk, Va, water
front for an assembling plant and
export center.
New price increases are: Chal-
mers, 500 on seven passenger Sc
dams; 500 on all models of Moon
cars and $45 to 500 on Anderson
closed models.
Demand for closed models is re-
ported on the increase and factory
w. G. Durant has announced that
the Hayes Hunt Body Company will
be located in Flint, Durant's home
town. Durant, D. G. Rood, vice
president Locomobile Company of
America; G. r. Scott, manager of
the California Durant plant: A! l..
Warrington, Oakland, Cal, and
e. B. Jackson of New York, assist
ant to Durant in sales promotion,
visited Durant properties in Flint
this last week.
A. A. A. Has Big Plans.
Partial reorganization to increase
the efficiency Of the American Auto.
mobile Association Is promised by
Thomas p. Henry, Detroit, re-
Gently elected president Of the asso-
citation.
I'VE intend making the A. A. A.
such an aggressive organization
that official Washington and the
powers in the several States will
look upon 1t as the defender of
the millions of car-owners in the
United States" says Henry.
Complete reorganization Of the
Republic Motor Truck Company,
Inc, of Alma. Mich, is announced
by o. w. Hayes. new president.
Maurice Rothschild, of Chicago, is
vice president, and Glenn S. Crisp,
of Alma. secretary and treasurer.
American tourists entering Can
ada along the Michigan border will
not be allowed to proceed unless
they carry with them their certifi-
Gates of resigstration Of ownership,
Canadian customs officials have
announced.