Word: merck
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DRUGS & CHEMICALS Merck 1.35 1.48 Rexall Drug & Chemical .60 .90 Johnson & Johnson...
...antibiotics companies found that the residue contained vitamin B12, a powerful growth stimulant. Once, B-12 was extracted from animal livers for humans and sold for thousands of dollars an ounce. Now Pfizer sells the B-12-rich residue cheaply to feed companies, which put it into animal rations. Merck & Co. and others have synthesized gibberellic acid, which has a powerful growth-stimulating effect on plants. Minute traces in spray will make spinach grow a second crop, and double the size of seedless grapes...
...companies, the supermarket chains, drug and electronics companies all had record or near-record years despite recession. Investors reacted by driving P. Lorillard up 175% to 89 at the high; General Foods went from 50¼ to 79½ Federated Department Stores from 30⅛ to 54¾ Pfizer, Merck. Schering, and Carter Products posted 68% to 114% gains. One spectacular performer riding a recession boom: Zenith Radio hit a high of 208½ for a 209% gain since spring...
...encouraging. Though General Motors reported earnings of 22? a share, v. 43? in the third quarter last year, the only one of the Big Three to show a profit, many another company cleared more than in 1957-often by venturing into new fields that added to their earning power. Merck & Co., pushing new drugs and chemical processes, raised its earnings to $7.1 million, v. $5.9 in last year's third quarter. National Steel, the nation's fifth-largest steel company, pushed its earnings to $10.9 million from $8 million in the same period last year...
...whose training is long, costly and difficult. The U.S. must train 8,900 new M.D.s every year by 1970, as against 6,800 a year now-which will mean setting up 14 to 20 new medical schools. Personnel is already in hen's-teeth supply, causing barefaced piracy. Merck's Connor quoted one drug company's research director: "I have the greatest spy service in the Western Hemisphere. We scout people all the time. It's a dangerous game, but the stakes are high...