New York, Sept. 5—The Ford Motor Company made net profits estimated at $54 million, equal to about $315 a share on its 172,465 shares of stock, in the four months ending June 30 last, according to compilations made from the balance sheet as of that date, it was learned today.
The period’s earnings were at the annual rate of more than $162 million, or about $945 a share, compared with a net profit of $119 million, or about $690 a share, earned in the year ending February 28 last. In the 12 months ending February, 1922, the company earned approximately $69 million, or about $400 a share.
From the front page of The Reidsville Review, Sept. 5, 1923.
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