Word: firsthalf
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Dates: during 1950-1959
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...slump in textiles hit some companies hard. American Viscose (rayon & acetate yarns) saw its net almost halved to $3,400,000. Easing demand in the chemical industry had also shaved many earnings. Union Carbide's net was down 20% to $23 million, and DuPont's firsthalf sales were off along with its net ($2.12 per share v. $2.20 in 1951). On the other hand, fast-expanding Mathieson (TIME, July 21) racked up a 9% profit gain to $2,900,000, and drugmaker Parke, Davis, which has been able to turn a profit for 75 consecutive years, reported record...