A decade ago, only five U.S. corporate giants boasted sales of more than $1 billion a year. Last week, with most annual reports for 1950 now tabulated, the number in industry's "billion-dollar league" had risen to a total of nineteen companies (see box).*

In sales as well as profits, General Motors was tops. And with a big slice of G.M. income to fatten its earnings, Du Pont, though it ranked only 13th in sales, stood fourth in profits. Contrariwise, some companies with big sales ranked relatively poorly in profits, because of traditionally slim profit margins. A notable example: A &...

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