Word: merck
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...better than those of high-grade bonds (2.89%), whereas in 1929 the comparison favored bonds. Dozens of stocks, e.g., American Distilling and J. I. Case, could be bought for less than 50% of their actual assets per share; scores, including such solid citizens as American Machine and Foundry and Merck, were far below their postwar highs. Though speculation was rising, it was hardly out of hand. Credit in the market, where 50% had to be put up in cash for stock purchases, totaled only $1.7 billion...
...rate of nearly $500 million a year, Chile, Argentina, Uruguay and Brazil are now so far in debt to Bonn that Erhard was not interested at the moment in signing new trade agreements. The only bargain he proposed in Santiago provided for the restoration of the Bayer and Merck drug properties, seized in World War II. But Erhard had bigger matters in mind. West Germany's continued progress, he said, requires wider foreign business, and Latin America, rich in raw materials and poor in machinery and manufactured goods, is the place for German trade to grow. "We regard Latin...
Chemicals. With sales up 28% to a new peak, Monsanto earned $26.4 million. 14% more than in 1952. Merck's sales stayed at the 1952 level of $160 million, while profits sagged to $11.4 million, down...
CORTISONE price war, already hot, will probably get even hotter soon. Two of the biggest makers of the new drug, Merck & Co. and Upjohn Co., have cut prices 22%, the second such reduction in recent months. Reason for the cuts: new techniques have upped production tremendously...
...firm would take the Merck name, but Sharp & Dohme would continue to operate as a separate unit. Sharpe & Dohme shareholders seemed to be getting the best of it. They would get 2¼ shares of Merck common, worth 49½ at week's end, for every share of Sharp & Dohme, listed...