Business: G. M. C. Melon

G.M.C. Melon

Casually, almost with nonchalance, an under executive of the General Motors Corp. passed out to newspaper men assembled on the 22nd floor of the offices at 57th St. & Broadway, Manhattan, last week, a typwritten sheet "known in newspaper patois as a "handout," a "canned" statement (opprobrious terms suggesting little or no news value).

It announced, almost as casually, that the corporation would pay to owners of their 17,400,000 shares (E. I. du Pont de Nemours & Co. own 25%) $65,250,000. In this amount, largest ever disbursed to shareholders at one time by...

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