General Motors, the world's biggest manufacturing corporation, has grown accustomed to earning the world's biggest profits as well. Last week Standard Oil (NJ.) made G.M. take a back seat. Jersey Standard's 1951 profits set a new record of $528,500,000 after taxes, up 29%. This, for the first time in six years, put it ahead of G.M., whose 1951 profits, hit by material cutbacks and excess-profits taxes, totaled $506,100,000, v. $834 million the year before.
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