As a flood of 1954 earnings reports poured in last week, there was no doubt about the sharp upturn in profits in last year's final quarter. General Electric Co. boosted its fourth-quarter net to $72 million, 46% over the comparable period of 1953 and 53% above 1954's third quarter. Despite a 5% decline in sales for the year, G.E. racked up a net of $213 million, up 28% from 1953, for the highest profits in G.E. history. President Ralph J. Cordiner predicted that this year will be even more prosperous.
All across the board, the profit charts showed an upward curve....
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