Business & Finance: Week's Statistic: Oct. 7, 1929

1,492,676 Fords. Measured by the simple yardstick of units produced, the automobile industry would appear to be thriving. Yet while the number of cars manufactured during the first eight months of 1929 showed a 37.2% increase* over the same period last year, this was almost entirely accounted for by the phenomenal rise in Ford production. In July and August this Ford increase offset the decline shown by other manufacturers and accounted for approximately 40% of the total cars produced in the U. S. and Canada. These facts are illustrated in the following table...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!