Document zQ7KBKrg5kG2qD7MxZ1bwJqq6

r.\ !s>;.y.Tt.. ',-."W yAvri 'cv.:^. j$*>r Tf?; -SW* i^!f---- - *> -.-.v ^^-.-A;s^irJ:.-.-,>:-; -'\i;: -/.: '-i ..^a.-.v- fALL STREET JOURNAL /'/i ' June 18* 193S , .- T;-,.,-.---7^--; jjp:J; '; 7$l,,J..'. ^- &V: j .-*&: . Z Twfy ,$ifahojffltf.&ot>santo Chtpiiotajfa.. stock for. sortie,tiiitej:-tiiid H shows good; .'profit -at its ovrient pri&e~'i>f!'y(!.. .WjU poti &>'. 1 poOS enough to summarize the situation, of thli\ --,!l-i'1A'*-ii * -'.liL _ - Ai*--*4:vfc / Few . Industrial enterprise* ' Wtfi match ^ '-record .-Of;Monsanto CjhemiCal Co. during fetfent], fyhars;;. Not only wab-'it *gble under the. #prstf \ depression1 conditions to ..rttain `a sizable por-1 j Uon oSt the ;edSaingpow^f-regiatefed in the'prps- - perous i&2p#,*but with, the earnings , base suiM {StanUaW'^SthtCdened . `by virtue . of - vigorous3 , prosecution of; an expansion' progranj--carry-; ing it from "'the relatively sjtabte' mehcinal chemical field intoi manufacture of heavy fchn- Jcals--, it-'lias since attained to 'a profits sta-, ture overshadowing that of .any previous year.^ Adjusted to the 864,000 .capital shares-outstand-; Ing after -payment 1% Aptil, last yemv-.-of'V 100% stock dividend,-' share warnings rose" far $3.21 }n. 1B34, from $2.57 itt'.-the preceding It' months, which compared witb\$l.i8 in 1932. And further projection qf the earnings uptrend thus far ` this ye^j' combines yrith prospects for the period directly ahead-So suggfest the j likelihood of resuiat for* the- full yehr marking] j a new, high-record;. ; ' , ;i' / -" . ' -i : V-. I ^Through 'more recent`further*^expansion -of | propertieb.Mohsanto chemical Oo. has'increased !.to 959,554 ;the`mumber of' outstanding capital j shares, which are outranked by $913,000 10-year. - notes, and by $1,940,000 preferred stock tested ilate in.1934 by' the British subsidiary incident > to substantia]; increase in producing, facilities.- I Liqcddf resources are an excellent order; "and; ] while proposed outlays pf additional .sizable sums' , on properties .probably -will serve to delay up-i i"ward.'revision of the $1 `annual , dividend rate', 1 Stockholders seemingly -can expect continuation of moderate "ex'tra" disbursements: -Although having', accorded 'considerable, recognition to recqnf ppai' and immediately ''prospective: Aam-> IngS :-gaiHB!;lnV:ita: rise 'to current level of :g6,.' the inock;'doea not appear extravagently ap praised.In relation toNcnemlcal company equity: issues as a- group. Nor is it without interest ing possibilities for profit to. one genuinely op timistic on prospects for industrial trends from here oait, .J'. ...... \ ^,n,-*h.::.. /..: t.-->4y-e**r*-r*v^*-'*-w^?yv^`"rV*>f**'l`- DSW 331319 STLCOPCB4056099