You're missing a good thing if you think of l&wtoj
orders barbiturates Gane's—a reliable source of great diver sity for organic chemical· manufacture pro vides an added plus factor to specification guarantee for custom work. Gane's is a fine medicinal chemical manufacturer first and foremost (the most rigid quality level of chemical production). Pharmaceuticals in the following cate gories are also Gane's stock and trade. For your convenience, with these run-ofproduction items, orders received before noon are shipped the same day: • • • • • • • • • • • • • • • • • WITH
Anorexiants Anti-Ailergants Anti-Arthritics Anti-Coagulants Bronchodilators Decongestants Diuretics Expectorants Fungistats—Bacteriostats Heart Disease (cardiac rhythm) Hypotension and Shock (Vasoconstrictors) Local antiseptics Mydriatics Ophthalmic anesthetics Stimulants (mental and physical) Throat sprays (antiseptic) Topical anesthetics EVERY
C & E N CHARTS Every major economic indicator scored a gain in the first quarter of 1965. No deterioration in the pace is noted as the second quarter be gins. However, the financial com munity is growing nervous simply be cause things have been too good for too long. Consequently, much at tention is now focused on potential weak spots in the economy and their probable effects later this year. Albert T. Sommers, director of eco nomic research for the National In dustrial Conference Board, has indi cated some weak spots. He poinis
Dividend Yield Chemicals Percent 4.0
35
3.5
30
2.0 I I I I I I I I I I I I I D J F M A M J J A S O N D
15
I
DJ
Cash Dividends —Chemicals Industry Billions of Dollars 300 1962 Total $1131.3 250
I I
I
I I
I
150
I'd like more information on the products and services available from Gane's Chemical Works, Inc., 535 Fifth Avenue, N.Y., N.Y. 10017
100
GANE'S
in
NAME_ TITLE_
50
COMPANY. ADDRESS_
GANE'S CHEMICAL WORKS, INC. 535 Fifth Ave., N.Y., N.Y. 10017 · YU 6-5780
APRIL
5,
1965
ο-
I
I I
M H i Through February Source: Dept. of Commerce
1963 Total $1211.0
1964 Total $1259.4
• • • I 1962 1962
I
FMAMJJASOND
200
QUALITY.
C&EN
Price-Earnings Ratio Chemicals
POUNDMORE
38
• 1965 11964
out that the hard core of the nation's experienced labor force is now fully employed. In some industries and areas, the supply of efficient labor is now an effective limit on production. In other industries, operating rates are near the limits of productive facil ities. Despite the rapid rise in out put, backlogs of unfilled orders are now growing at the rate of 1 0 % a year. This pressure on supply has oc curred concurrently with abundant credit and, lately, a rapid rise in busi ness loans. Any important stimulus
1963 1963
1964 1964
îybb 1965
This Week In Business added now could mean that demand will run appreciably ahead of supply and cause a broad renewal of cost and price increases. Business spending, urged on by rising markets and corporate cash
flow, is running $50 billion a year. By late this year, new facilities will come on stream. Any unforeseen drop in demand will expose new excess capacity and cause a significant slowdown in capital spending.
APRIL
5,
1965
Hence, the U.S. economy is much more sensitive now than a year ago. With business close to its supply limit, the fiscal and monetary policies used by the Government in the past are now less appropriate.
C&EN INDEX O F STOCK PRICES January 1954. Opening Prices = 100
Drugs
Chemicals 550
550
500
500
/^~560.4 March 26
March 26 386.7
\
400
400 21 Others /r
3&i&i
363.6
300
300 274.7 Big 7
Standard & Poor's 425 Industrials
200
200
150
150 2nd Qtr. 1964
3rd Qtr.
4th Qtr.
1st Qtr. 1965
2nd Qtr. 1964
3rd Qtr.
-4th Qtr.
1st Qtr. 1965
Rubber
Petroleum 550
550 500
500 429.2 441.4/-
400
March 26 '
400
200
200
150
363.6
^ / 300
3rd Qtr.
^ M a r c h 26
363.6
300
2nd Qtr. 1964
k
150 4th Qtr.
1st Qtr. 1965
2nd Qtr. 1964
3rd Qtr.
4th Qtr.
APRIL
1st Qtr. 1965
5, 1965
C&EN
39
