Word: nine-month
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...When the company came out of receivership, President Hoffman made an announcement "to our competitors," said, "A great majority have given us a square deal and a chance to get on our feet again. ... So thanks- and look out." Last week Studebaker competitors were looking at Studebaker's nine-month sales (30,191) which were running slightly under the 1934 rate...
Fierce-Arrow is that rarity among corporations, a grass widow. It was married to Studebaker in 1928 but during Depression both parties might well have pleaded nonsupport. Divorce came in August 1933 when Studebaker receivers sold Fierce-Arrow to a group of Buffalo businessmen for $1,000,000. Nine-month sales in 1935 were 583, far behind the 1,399 sales for the same 1934 period...
Hupp lost $4,398,000 in 1934 and $880,000 in the first four months of 1935. Then President Vern R. Drum, who used to work for Chrysler, took office, reduced costs, cut losses, added dealers. But Hupp is still in the red and, though nine-month sales were 35% ahead of 1934. they add up to only 6,018 cars...
...Diesel-engine car. Errett Lobban Cord's company has not had a good year since 1931 when its smart, swift models caught public fancy and 31,000 cars were sold. The company lost $3,600,000 in 1934 and $862,000 in the first six months of 1935. Nine-month 1935 sales of 4,324 cars were only about 10% ahead of the corresponding 1934 period...
Graham-Paige was depressed even when other automobile companies were prosperous, showed large deficits in 1929 and 1930. Operations were radically scaled down to Depression levels and the company made $67,000 in 1933, then lost $475,000 in 1934. Nine-month sales of 12,450 cars this year were about a 20% increase over 1934. Strength of the company lies in the personal reputation and financial integrity of Brothers Joseph Bolden and Robert Cabel Graham...