Word: gm
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Dates: during 1930-1939
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...last year, while the September quarter's $13,000,000 was scarcely more than half of last year's third-quarter's $25,000,000. While a comparison of General Motors' nine-month results with those of Chrysler indicate a reverse trend at the moment, GM's resistance to Depression has been outstanding in the industry. In 1929 its net for common was off 10% from 1928 while Chrysler's fell 27.6% despite a large gain in sales. Last year GM's $141,000,000 net was off 40.7% from 1929 whereas Chrysler...
...addition to these shares, many officers have holdings in General Motors Securities Co., owner of about 13,000,000 GM shares. Securities stock is exchangeable share for share for GM stock...
...some cases holdings might be larger; an executive might have a personal investment company in which to carry his GM shares. In other cases the holdings might be smaller, for sometimes an officer of a company wants to sell his stock, thinks it unwise to get his name off the list, therefore quietly takes a short position against his holdings...
...product of President Alfred Pritchard Sloan Jr.'s shrewd managerial ability and the driving sales force of Richard H. Grant whose radiating enthusiasm built Chevrolet's sales from 314,000 cars in 1924 to 1,001,000 in 1927. Although during the June quarter GM sold 2.5% less cars than in the corresponding 1930 period, the net income of $55,122,000 was $1,736,000 higher than in 1930. For the half-year GM earned $84,122,000 against $98,355,000, or per-share earnings of $1.83 against a $1.50 dividend requirement. Although the second half...
...period of last year. But the second half is expected to show a smaller rate of decline than the second half of last year, and a total of 2.900,000 units for 1931 is forecast. Last week General Motors' dealers took more cars than during May 1930. But GM's retail sales were 122,000 cars during May against 131,000 in May last year...