Business & Finance: Profits

Last week, General Motors Corp. made public six months earnings which set a new industrial record. Its net of $161,267,974 compares with profits of $129,250,207 for the first six months of 1927. Retail sales totaled 1,062,733 cars, as against 840,481 last year. Out of its plenty, General Motors made a great and generous gesture. It dickered for a time with Metropolitan Life Insurance Co., then announced a contract for a $400,000,000 life, sickness and accident policy, open to any employe from President Alfred Pritchard Sloan Jr., to Jacob Hazay, who works a grinding machine at the Detroit plant....