Every evening, Wilmington daily commercial., 1922-11-01
GENERAL MOTORS
SHOWS GOOD REPORT
Car and Truck Sales tor Cur
rent Year Expected to
Total 466, 1856.

'aCivlllyatIon IL our inheritance from
tho ages: ours. In trust for a while.
tc which we must add come usetu'
knowledge that coming generations
may increase their horizon. says
Pierre s. du Pont In the preface OF
rcport ehswng the activities OF the
General Motors Corporation in the
past nine months. Mr.. du Pont is
president of the corporation.
Industry is founded upon the
manufacture and sale OF things mat
make this world n better place TO I'VE
In" he continues. Industry mas
nothing to cell gave usoful service.
Practical application OF
knowledge TO the making OF things
which are useful In name everyday
ufe IS induetry's contribution to the
advance of civilization.
"The divisions of General Mo,We
Corporation have always been nio-
ncors In the automOtive industry, ad-
dressing themselves to the task of re-
ducIng the cost and Increasing the
utility Of Individual transportation for
pcopIo and goods: also motorzing and
elcctrifying the farm to help increase
the supply Of food. Tint. briefly. is
tho contribution of the divisions of
General Motors 10 the sum total Of
useful knowledge"
According To tho report tho COM
blned ealcs OF the car and truck d.
visions ot the corporation for the year
1922 Will reach grand total of A6S,-
355, as compared with 21i,7a9 In 1921.
The net Gales Of the corporation for
the inst six months Of the year
amounted TO S21S.S59.2a7 Tho com
binod value Of tho products sold an
nually. acC~dng to the estimate. is
greater than the annual revenue OF
any railroad and ia exceeded by few
Industrial corporations.
. The combined salcs by the cor and
truck divisions Of General Motors fl
tho FIRST quarter Of this year totalet
II .099: tho second quarter, 1874
and the third quarter. 109.S46. THE
makes total for tho fret nine
! months Of 1922 OF 3l6.136, which eN-
ceeds tho full twelve months OF 1921
General Motors. since 1905. has
Z produced over 100000 passenger
care. OF this number approximately
! 20 pcr cent, or more than 1900 900
were IN use in this country January
, !. 1922, representing practically one
out OF every seven passenger cars
carrying approximately 1000, 600. ooC
passengers annually.
At present there are approximately
10000 General Motors employees. 10.
600 dealers and distributors and 20. O0C
! stockholders n total Of $4,000 peopl,
vitality Interested in the success OF Tho
: corporation. This does not Include
/ the large number OF employees In thu
service of General Motors dealers anC
distributors, nor tho number Of en-,
authorized 10 give service upon Gen
& ersl Motors cars.
Y The statement shown that Tn
q plants. properties and other phyrica
). assets OF tho companies for whicl
Y General Motors "a a holding concerr
AFRO valued at $2&e.S97. 4o7, and tn
4 total assets OF the Corporation Jun
= 80, 1921. amounted 70 $500, 1915. 500. Th
Corporation also owns n large part. O
;. all, OF the capital stock OF a humble
4 of companies directly connected wit,
8 It's activities. which are valued nj So.
$4,000, The not sales for tho FRS
six months OF 1922 amounted 10 s2lS.
S59,267.
The excess OF curront assets oYc
n current Liabilities met working cap!
tall June so, 1922. was sl22.725. 20,
Cash in banks was s95.627.973. Sigh
/ drafts, $40. 430 .3S2. Notes and accoun,
- receivable, S21,s99.l34. Inventor,
- $94,166,G01. Current liabilities irclud
= accounts payable. S22.lSa.S43: take
- payrolls. etc. $I6.979.253; and. accrue
- dividends. Sl.06S.S5s.