The Kents find Superbaby, and immediately turn it over to the vaguely sinister sounding "orphan asylum", where he proceeds to lift a desk. What appears to be five minutes later Pa Kent and some hired goon (no way is that guy Martha. Grundy, maybe?)return to adopt Superbaby once again. It's apparent at this point that they only gave him up in the first place because they needed to fill two extra panels. Of course, as we all know the Kents then instill Superbaby with a strong sense of truth and justice.
Looking at this a little more deeply brings up a rather troubling thought: everyone who works in that orphanage knows who Superman is. They know they had a baby who lifted a desk, they know who adopted it, they know 15-20 years later an adult Superman arrived on the scene! These people are either the biggest plothole in Superman (and introduced on the first page, no less!) or in some future issue they will become his greatest foes. I honestly hope Superman vs. Guy Who Runs an Orphanage comes sooner rather than later.
Of course he doesn't get any more subtle as an adult, showing off his glistening naked torso while lifting a car (gaggle of swooning ladies assumed to be just off-panel), running alongside a train, and smugly making a doctor break needle after needle on his impenetrable skin. Trivia!: It turns out a "bursting shell" can penetrate Superman's skin! I look forward to that coming into play never.
The next page contains perhaps the biggest twist in the entire issue (or the next 80 issues to come)
Yeah, two pages in and the Kents are dead.
And there's Superman's glorious origin! Next update will cover Clark attempting to become a reporter, and meeting someone with the initials L.L.
See you then.