Ford Motor Co. mails dividend checks to only three stockholders—Henry Ford, his son Edsel and Edsel's wife, Eleanor. Because it has no other stockholders to coddle, the company does not publish an income statement and the public cannot know exactly what Ford's earnings are. Only clue to the firm's profits & losses is the balance sheet it is required to file each year in Massachusetts. Last week the report for 1937 was filed and the public's annual guessing game got under way. Majority guess: Although Ford produced 1,314,369 cars & trucks (10% more...
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