Document Em1JjLKDm0yypga737wa5vK0

/ - " - ^'i'^'- *,.****:** > ^ * H ~ *(' ;*>' ', ;* -`-'^ '* V-- V, ;' A-'"': `;,ry: - ':.>-'r- '':." ' :.isV'v4 `- '- - - -;. . -;-V:,. *"';/; X j,- i- `" "'.I '- % ' ^ t|l ' t " -' t..v, |' Mn*onsanto Chemical llilliii Quarterly Business | Brings Higher Net V' "* * "J - - 'V < k'/1 - . , u*, 4, ,S t ,,v * . ,* " s -><- *r .' ."v;-'?-! ' p Zt, ' ' />*,_ -' 'i ' ", N ' " W* *- March Period ' Profit $1,071,691 Gain in Line With General Up :fc turn in Industry >' ' !' ' . -' ' ' i Xb line with the general gain fa chemical business in the first quarter, Monsanto Chemi cal showed a net profit slightly higher than a year ago. " ' .' V-''/.V ;:- W'-- . ' , . Report of Monsanto Cheinical Co. and sub sidiaries for quarter ended March 3i, 1936, sub ject to audit, shows net profit of $1,071,691 after depreciation, federal taxes and other charges, but before subsidiary dividends. After deductions for minority interest and subsidiary preferred dividend requirements, there was a balance applicable to the stock of Monsanto Chemical Co. of $1,032,852, equal to $1.03 a share (par $10) on 999,123 shares of capital stock. " `' v . In March quarter of preceding year the net earnings! applicable to the stock of Monsanto Chemical Co., were $925,324, including the un divided earnings of the then-controlled sub sidiaries, as well as the Swann Corp., which was (hen controlled hut not wholly owned until later in .the year. This was equivalent to 96 cents a share on 959,554 shares/ which were outstand ing after the exchange of Stock for the Swann Corp. had been consummated. v " For 12 months ended March 81, 1936, net profit was reported as $4,111,122 after charges and federal taxes, but before subsidiary divi dends. After deducting minority interest and preferred dividend requirements of subsidiaries, the balance applicable to Monsaiito Chemical Co. was equal to $3.95 a share on 999,123 shares of stock. ;-nv- ^; I- ; Current assets as of March'31, 1936, Includ ing $3,246,014 cash and securities, amounted to $11,304,347 and current liabilities were $2,517, 338. This compares with cash and securities of $3,685,082, current assets of $11,644,277 and current liabilities of $2,612,992 on December 31, 1935. Inventories, at lower of cost or mar ket, totaled $5,282,158 on March 31, last, against $5,165,089. at close of year 1935. 'll Consolidated balance sheet of " TSfonsanto Chemical Co. and subsidiaries'as of March 31, 1936, compares with that as of December 81, 1935, as follows: . : ::; Assets -/I/-;v" . wi' Mar. 31,*36 Dec. 31/35 jS"L an jpropertr. *23,744,731 *22,983,840 Patent* ana procesies................. iv i Ce*h and securities.,.................. 3,246,014 3,685,082 Notea and adcta rec, aft rea.... 2,776,175 2,794 108 "; frm,,7 and *"P........... invert In contr coa........... , lOlethreejrreIdnvedaitumgeMnta 6,282,158 5,165,089 116,356 128,062 220 109 inS 1.003 925 7Idn5S'iR.i4ll Total .................................... f36,522*340 f35,830,665 UablltUea ' " Pref share* Of Brtiih *ub.. .... Minority lnt In Axoer sub____ __ Com stock Mofasanto Chim Co AccoupU payable ................... . Accrued items . i , 'Estimated Income taxes Res for deprec and obsol.............. lies for containers.:..--................. Res for reval of oron. *t<... Res for exchange fluct..................... Kes for contingencies, i................... Paid-In surplus ................................... Surp acquired from pred cos Earned surplus ....................... ... $1,940,000 360,251 9,991,230 1,318,949 426,333 772,055 7,994,808 562,024 234,298 372,856 3,388,292 8,5*82,446 $1,040,000 342,085 0,991,230 1,470,673 328.159 814.159 7,785,576 548,677 565,134 234,298 382,255 3,388,292 274.051 7,775,076 To*Tt2al ..................................$36,522,349 $35,839,685 ' Par $10. fOn purchaau of capital stock. ->&' converted t BrIU'h sub'ldl-> av. been 'ii:V:Ivl; DSW 3^297 f STLCOPCB4077941