Document QgZBpMX2jqDexx8r5L6DwbYek

"~''r' Z.'<^ra\ "/ ' .......... \ .. ;.4i.... .. V- - J5 t- :? -A ' ' v^;- <>'1_3,-'r*t-f'? \:- , V fXddirig of NewXines Shown in Earnings :-iS-Zx. Gain by Monsanto ~ vvH:-:'v Ifet f for Third Quarter and Nine. 'hMS&SM, Month Period Tops 1934 Figures --Plant Improvements Made ^ .VS5i<: m .SVg>>. _ ;'~ i-_r - .?%S Although Monsanto Chemical Co. In the third quarter showed a slight decline in earnings from the preceding three months, a substantial gain was shown over the corresponding quarter a /y- -r~ it; o year ago and over the first nine months of last year. '- . ' -.- !!''V ' ' 11 , . . \. Nine months' earnings were $2,732,999, equal t- to $2.76 a share On 987,876 shares, against $1, 945,230, or $2.25 a share on 864,000 shares last year. : .. .. .' . ' .. -V .'. . . : Part of the increase was due to the inclusion of profits from Swann Chemical, a recently ac quired subsidiary operating in the South, hut the greater portion probably came from expand ing demand for many of the newer lines of chemicals that Monsanto has been adding in recent years.' 3 .J,, - Zii.t" .V-.:.;. , T ic&ls, from petroleum products. These .include ethyl alcohol, butyl alcohol, used as solvents and acetone and acetic anhydride with a wide use ^ in the rayon industry. All of these are being made from jpetroleuin gases. T The new solvent methods of. refining lubricating oils are also taking increasing quantities of organic chem icals made by Monsanto. Other important,.deveiopments are the production from oil of prod Company Shifts Its lines .' r.v >. .!, - ucts which formerly came from coal tar. There has beenan important shift recently in the character and scope of the company's, mar kets*.- 'A. few ji^aiw pharmaceuticals, Savon-.. ing1' esiraotsi fine `caqmlcals, dyes and textile? and rubber Chemicals ,were .among its principal sources of income.; Today the motor industry Is indirectly one of Monsanto's largest- customers. The new glyptol resins this yearjhaye come into general use in body finishes replacing to some ["! extent the lacquers'which use butyl alcohol' as sij- ' a solvent. These new resins consume a con i- ' >t4-": "; ' siderate^ amount of phenol and of pthallic anhydride, both products of Monsanto. In " cidentally the latter is finding increasing uses in chemistry and industry. < tl is used as a plastic : ..Si . . if;Z\ 94,000,000 For New Construction .; , ' ; A $4,000,000 construction budget this year is bringing plants up to the required .capacity for the growing new divisions. A new and more efficient steam and power plant is included. Prptn Trs Wait. Stokes Jocbkal St. Lout* Bureau ST. LOUIS--Report of Monsanto Chemical Co. and subsidiaries, for quarter ended Septem ber 30, 1935, shows net profit of $884,550 after depreciation, federal taxes, etc., equivalent to 89 cents & share on 987,876 shares (par $10) of'capital stock. This compares with net profit in preceding quarter (Including the Swann Corp.) of $923,- j SgK; izer for non-shatterable glass. Phenol is gain 125 or 95 cents a share on 974,133 shares. f ' ing in volume as an ingredient of a number of I For the quarter ended September 30, 1934.1 varieties of plastics which are also rapidly forg ; net profit, excluding the Swann Corp., was i ing ahead. t ' $566,195 or 65 cents a share on 864,000 Shares. One of Monsanto's most interesting fields of { development, is the production of aliphatic chem- Pit-: yj-gft:'. STLCOPCB4056080