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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 28, 1950
Page
2
General Motors reported second quarter net profit of 3272,889,624 a new record for any company. GM, the world’s largest manufacturing firm, posted higher sales production payroll and tax figures for the quarter ended June 20 and for the first half of 1950.
H B Dewar defends Jay Hartt report on payments the city might receive from the Public Service Board. Hartt’s appraisal, challenged by the board, cites an independent study by a leading utility engineering firm. Dewar accuses the board of red herrings and questions why San Antonio rates lag Houston and Dallas despite higher debt costs. He notes the city sought funds to aid the general fund while preserving ratepayer fairness.
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