Document NEn0rLmvvzJ3EwbGq2j0mLZmg

A, *v~ , >, ti? * ,, '"V _ y , , ^ ,,,,>,... * "r* *''* , ^y***"* _ Af *v , ^ ,, V/ -* f >*,. ^ r, v?'s': * NALL STREET JOURNAL J\jne 18, 1935 il I \l'- " `l haifc'ieefri IwVffotfJtofaawio ChemloM^a., i stock for sotnS .tvniev-6/ttd M tffcotoi >fter<tt flood j '.. ^profit. of V ootf gnou^fc tti summarize the. situation, of tf$fo ;.. e^fcjpcwiif and tfce '|rasp0&&- Jot:, the $to<tyt,ifc . ^^;^^^52l^:'-'i*V5t^`^, ^/rt-y^-A' Vi >-f it '.* ; '- 8 VFew industrial' enterprises. <Wi match ^Uifc ' record -of WdnsantoChemital Co; , during recent: years; Not only ^aa 'it ^hie under the -ifrorst [depression conditions to yrhtain fa sizable por-' I tion at the.earning powqr registered, in the prs-i ; perous t*&20s,ihut With, the earnings base subr, I stantiatft'cJJttJhdened ./'by virtue . of vigorous ! prosecution of an expansion program--carry?. tag it from 'the relatively Stable medicinal] chemical field into; manufacture -ofheavy chenM Jcals--, it-"has since attained to "a profits star;, ture overshadowing that of any previous year.? Adjusted to the 864,OQO capital shares outstand-: ing after -payment 1% April, last ye^r/ of a; 100% stock dividend,< share ' earnings: 'rose' - to] $3.21: }n 1934, from$ij.57 tay-the preceding 12' months, which compared witft\$l.i9 in 1932. And further projection <?f the earnings uptrend thus far' .this ye^''combines; -with prospects' for the. period ditpctly ahead ip suggtest the] likelihood of respite for'the:fuUfyedj: marking a new-high-record;; : ' _ : > 'iv ,1]. ' | ' Throligh more' recent; further^, expansion -of properties; Mohsanto ChemicalCo. hah'increased; to 959,554 the'.number of' outstanding . capital shares, which are outranked'by $913,000 10-year : notes, and by $1,940,000 preferred stock tested < late hi 1934 by' the British subsidiary incident ] to substantial: increase in producing, facilities.' 5 Limfidl]resources; are .in excellent order; 'and; 1 while proposed outlays qf additional'sizable sums ion properties .probably -will serve io delay up,-. L-ward.'revision of the $1 'aiuiual dividend rate', Stockholders seemingly can expect continuation trf moderate "cx'tra" disbursements: ' Although having' afecOrded considerable. reedgnitioh to recep/pgaland itnmediately 'jprospective AarfiJ tags ;'mW`ta- it3 rise 'Ito: current level of .-76,, the Stock;'doea not appear extravagently yap- praised in relation toVchemical company equity' issues as a- group. Nor is it without interest ing possibilities /dr profit to one genuinely op timistic on prospects. for industrial trends from here out. ........ . DSW 331319 I. 'f,, STLCOPCB4077963