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Show BIG CASH DIVIDEND OF GENERAL MOTORS NTSW TORK. Sept. 16. The General Motors company tonight announced that it had declared a cash dividend of 50 per cent, being $50 per share on the common com-mon stock. The announcement followed a long meeting of director? and leading stockholders. The company has done a larjje export business In automobiles and motor trucks since the outbreak of the war. Gross sales for the vea-- Just ended end-ed were ?94,4:r.0On. as compared with $$r.37Jt.OOO in the previous vear The annual report, which was discussed dis-cussed before the declaration of the dividend, divi-dend, showed net profits of $1 1,936 OOO for the fiscal year, which ended July 81 lust, aa compared with $7,947,000 in' the previous year. After the payment of interest and dividends divi-dends on the 7 per cent preferred stock there weir left in undivided profit $19 -409,000, against $6,301,000 at the end of V-ie, Jprtv,"? 3Tear' The common stock dividend calls for h payment of $8,363,000. |