Sweetened Pot

More big companies reported their first-half earnings last week and the 1950 profits of U.S. business grew more impressive than ever:

P: General Motors turned in a six-month net of $485.2 million, 59% greater than in the 1949 period. G.M., which had already set a record for U.S. corporate profits with a first-quarter net of $212.3 million, in the second quarter smashed its own record with profits of $272.8 million.

P: Combined first-half profits of 17 U.S. steel companies totaled $327.6 million, a gain of 17.6% over the 1949 half. Big Steel alone chalked up a 28% gain, for a net of $119 million.

P: Union Carbide & Carbon's six-month net was $60.8 million, up 44%.

P: Radio Corp. of America, $20.9 million, up 107%.

P: American Radiator & Standard Sanitary, $10.6 million, up 74%.

P: Boeing Airplane, $5.9 million, up 800% from its 1949 first-half net of $662,349 (which is all that was left after Boeing wrote off $5.9 million as partial cost of developing its Stratocruiser).

P: National Gypsum Co., $4.4 million, up 85%.

P: General Mills, for a full twelve months, reported a net of $13.2 million, up 13%.

P: Dow Chemical's full year net was $33.8 million, up 33%.

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