Business: Statistics into Cash

Last month General Motors Corp. reported its best first quarter since 1929, its fourth biggest first quarter in history. Net income of $52,464,000 was a thumping 66% ahead of the first three months last year. In April GM's U. S. sales of more than 200,000 cars smashed its previous monthly record set in 1928, and combined U. S. and foreign sales topped a seven-year-old mark. With these figures at hand, GM directors sat down last week to do even more than President Roosevelt and his proposed tax on undivided profits would have them do. After declaring the usual quarterly dividend of...

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