Document Z4OpJY7MvxgXv9jg9zGe6ZEr0

,-.r\ Jr'* f /> : Adding of Ne# Dnes Shown in Earnings Gain by Monsanto # Ak>A.v.. -. ^ -fhk '\g}yv* ^ l-Mtl ** *1 - ** -`s^ <'-> Jv* ^1 SC >'^a` * ^ JK'Nft Xfk '> ;j Net for Third Quarter and Nine- Month Period Tops 1934 Figures iimf %-iAr-;`i.--Plant Improvements Made' ^-T: - ^ t^' * s IWAli STREET JOORHAtXS- " rfl October 51, 1955 mmm', jT* `W<5*V ~`v f^33 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 year ago and over the first nine months of last year. . * :.:; ; , ; . Nme months' earnings were $2,732,999, equal to $2.76 a share on 987,876 shares, against $1, 945,230, or $2.25 a share on 864,000 shares last year. . _ - .... Part of the increase was due to the inclusioii of profits from Swann Chemical, a recently ac quired subsidiary operating in the South, but 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. ` * ; Company Shifts Its Lines , _: There has been an important shift recently :W.*^?,pbto*&ctr and *9cope of the company's majr- keta, A fewycara ago pharjuadeuticals, flavor- - ing' extracts, fine\nqmicals,' dyes and' textile p-S:`; 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 yearJhave come into ir general use in body finishes replacing to some extent the lacquers which use butyl alcohol as 4f - a solvent. These new resins consume a con ,.' siderable amount .of phenol and *>f pthallic anhydride, both products of Monsanto. In cidentally the latter is finding increasing uses in chemistry and industry. tl is used as a plastic izer for non-shatterable glass. Phenol is gain ing in volume as an ingredient of a number of varieties of plastics which are also rapidly forg ing ahead. . / 6 One of Monsanto's most interesting fields of development-is the production of aliphatic chem- -- - / jv i -- *^ teals, 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 petroleum gases. . The new solvent methods of refining lubricating oils are also i.'Vtaking increasing quantities of organic chem icals made by Monsanto. Other important .de- ,, velopments are the production from oil of prod ucts which formerly came from coal tar. $4,000,000 For New Construction ' A $4,000,000 construction budget this year is bringing plants up to the required capacity for 8fe*8k- the growing new divisions. A new and more efficient steam and power plant is included. 4* Frpm Thi Wall Stjisbt Jodbnai, St. 1touts Bureau ST. LOUIS--Report of Monsanto Chemical Co. and subsidiaries, for quarter ended Septem ber 30, 1935, shows net profit of $884,550 after SgffiWaS' t depreciation, federal taxes, etc., equivalent to 89 .cents a share on 987,876 shares (par $10) of capital stock. : This compares with net profit in preceding quarter (including the Swann Corp.) of $923,- : 125 or 95 cents a share on 974,133 shares ' { For the quarter ended September 30, 1934, S; finet profit, excluding the Swann Corp, was k i $566,195 or 65 cents a share on 864,000 Shares, I'Z -A" .7.k.fk^' -t'.; j<. , nM/Seife STLCOPCB4077944