Document rnQZqp5nawXvL7NxMo73LqOe

'fthM-r'j ] Stock COMMON * *> y_ IIUI' 21 1962 Zonolite Co. Price 10/30/62 ' VA - Dividend if0.20 5686 Yield a2.5% P___O__S_I_TI.O...N....:...T...h..e company. ! a leading miner aid proceeeor of vermlcullte, w--h--i-c-h- -is used mainly- as a building material. Shareholders will be asked to vote on a propoeal by W. R. Grace A Compaty to acquire Zanollte's business and assets FUNDAMENTAL POSITION Zonolite manufactures various Insulat ing fireproof and water repellent tmiaiwy materials, and also distributes aluminum siding and Dyfoam Corporation's poly styrene Insulation board products. Products Include insulating fill, plaster earnings-oivideno recoro b Yr.End. a Net --Per Share Data ($)-- Mar. 31 Sales Earns. Dive. cRange 1962 0.20 7K- 4* 1961 9.87 0.52 0.20 6 - 3* 1960 9.60 0.38 0.15 SK- 3* 1959 10.02 0.64 0.20 6*- 3* aggregate, acoustical plastic, finish ag gregate, Industrial Insulation, high tem 1956 1967 8.92 0.45 Nil 4*- 1* 8.05 0.05 Nil 3*- IX perature cement. Insulating plastic, in 1956 7.58 0.14 0.07* 4H- 2* sulating precast roof slabs, Insulation for 1955 7.97 0.31 0.07* 8*- 4* underground pipes and glass fiber. Mono- 1954 6.35 0.37 04)7* 6-3* Kote, Introduced in 1959, Is used to fire 1953 .5.96 0.38 0.07* 4 X- 4* proof steel buildings. 1952 5.84 0.47 0.07* 5*- 4* Non-bulldlng products Include Terra-. 1951 Lite vermlcullte soil conditioner, ferti 1950 5.98 0.45 0.15 $*- 4X 6.27 0.79 0.15 8*- 5* lizer conditioner and carrier for insecti cides, pesticides, fungicides and fumi gants; Saul-FIor litter for chicks and turkey poults; Bar-B-Sorb mineral base for charcoal cooking; and Veralte for use In animal feeds. The Industrial dhrIston handles mining and milling and the sale of mine products and services to ore customers, and the products division handles sales from tbs processing plants to the building industry a In millions of dollars, bOf the fnllowing calendar yaar. c Calendar year; bid prices. RECENT DEVELOPMENTS Sales and sundry Income In the fiscal year ended March 31, 1962, rose 2.9% above the year-earller level, with growing demand for newer hntiatwg products more than offsetting declines for soms older items and the agricultural division bene fiting from broadening of the line. Un and other markets. proved margins on the expanded volume Superior Asbestos was formed as a wholly-owned subsidiary In March, 1M2, to develop recovery of a short fiber as bestos at the Libby mine. Affiliates Include Western Mineral Products (34% -held), California Zonolite (33 1/3%) and AriZcnoUte (33 1/3%). Plants are at Chicago, New Orleans, Trenton, Utica, Jacksonville, Wilder (Cin cinnati), Dearborn, St. Louis, Little Rock, Thmpa, High Point (North Carolina), 231wood City (Pittsburgh), Libby, Muirkirk (Washington), Atlanta, Kansas City, Bir mingham, Boca Baton, North Billerica (Boston) and Travelers Rest (South Caro lina). Mines are located at Libby, Montana, and Kearney, South Carolina. brought the gain In total Income to 19%, and depredation absorbed a smaller pro portion of available Income. The increase la pretax aarnlnga was 33% and, after a lower tax charge, at 7% agalaat 11%, final net advanced 39%. For the six months ended September 30, 1962, net income receded 8% from a year before, and earnings dropped to $0.15 a share, from $0.16. On October 22, 1962, W. R. Grace A Company announced It had reached a ten tative agreement to acquire the business and assets of Zonollts. Tbs proposal callsd for lasuanes of one share of Grace com mon In exchange for each four Zonolite shares. Completion of the transaction Is subject to approval by Grace's dlrsetors Employees: About SIS. and by Zonollts's dlrsetors and share holders, *Approa. - Trafisd **r (* ewour. mi*. Vol. 28 No. 127 OVU-TMt-COUMTU CMMONM IXCMANOt STOCK IWOtTS STAMOASS A SOOTS COWOKATION a. Ml N ii I,. Hmm 14. N. T. Wednesday, November 7, 1962 Sec. 37