FORD MOTOR WORKS.

Taranaki Daily News, 26 February 1921, Page 10

FORD MOTOR WORKS.

GREAT FINANCING SCHEME. WALL STREET RUMORS. Vancouver, Feb. 1. Wall Street is seething with rumors of the pending gigantic financing of the Ford motor companies. Recently the Ford motor-car works re-opened, after closing down for several weeks, under official re-organisation. Reports suggest that financiers are making an effort to swallow the Ford Company in a general motors company. In the meantime Mr. Henry Ford himself intends approaching the market for a loan of £15,000,00 to carry him over with 100,000 cars which are unsold, until better times. The situation has been complicated by Mr. Ford's attack on the Jewish money interests.

A Wall Street journal prints a sensational despatch from Detroit headed, “Henry Ford has reached his limit.” The despatch declares that it is beyond the powers of any man to raise the money and carry forward single-handed the manifold enterprises which Mr. Ford started. - The .journal alleges that Mr. Ford recently dismissed his genera] manager, who earned Air. Ford's displeasure by announcing that this year would see a larger output of cars than ever. The journal alleges that the charges against some of the officers were “fiction in poor Henry’s brain.” Tn the meantime the story of Mr. Ford’s financing is furnishing a sensation in the ’ money world.