not possess any phosphorus or nitrogen and as a result should not cause any algae growth initiation although they could sustain propagation." As for biodegradability, Dr. Eldib says that on the basis of molecular structure, EDTA is perhaps the least
biodegradable of the proposed substitutes. In fact, EDTA is known for its chemical stability, which has won it great acceptance as a chelating agent in the textile industry. NT A may be more biodegradable than EDTA, he says. And biodegradability of citric
acid has been found to be almost as high as that of dodecyl sodium sulfate, a laboratory standard of biodegradability. It is also higher than that of branched-chain alkylbenzene sulfonate, the detergent raw material replaced by the linear alkyl sulfonates.
Earnings drop despite higher first-quarter sales
COMPANY Air Products 0 Air Reduction Allied Chemical American Cyanamid American Enka'
First quarter 1967 (millions
NET SALES First quarter 1966 % CHANGE of dollars)
First quarter 1967 (millions
NET INCOME First quarter 1966 % CHANGE of dollars)
$1.03 1.46 0.66 0.47 0.51
$1.02* 1.34 0.74* 0.60* 0.86
-5.6 +14.0 -9.2 +1.6 -7.0
0.50 0.36 1.02 1.83 0.53
0.53 0.31 1.13 1.81 0.57
1.19 4.7 27.9 102.0 60.3
-10.0 -14.8 +10.3 -23.5 +0.8
0.32 0.60 1.03 1.64 0.75
0.36 0.71 0.93 2.17 0.74
5.3* 9.1 9.8 11.0 2.6
5.1 11.3 12.5 10.0 3.7
+3.9 -19.4 -21.6 +10.0 -29.7
0.54 0.52 0.53 0.56 0.56
0.54 0.65 0.70 0.51 0.80
+7.1 +0.9 +8.7 +3.6 +23.5
10.0 2.07 30.4 31. V 1.80
16.0 2.10 29.9 36.4 2.49
-37.5 -1.4 +1.6 -12.9 -27.7
0.98 0.41 0.57 0.99 0.42
1.66 0.43 0.56 1.13 0.59
203.2 26.5 82.3 55.5 148.8
+4.1 +4.5 -6.6 +3.9 +0.6
11.4 1.50 2.7 6.2 13.2
8.9 1.94 4.9 7.4 14.5
+28.0 -22.6 -44.8 -16.2 -8.9
0.86 0.41 0.40 0.41 0.65
0.68 0.53 0.73 0.50 0.72
217.2 32.6 201.0 93.9 6.9
216.7 34.6 188.7 91.4 6.0
+0.2 -5.7 +6.5 +2.7 +15.0
7.8 1.09 19.8 8.1 0.96
12.3 1.23™ 20.1 9.4 0.77
-36.5 -11.3 -1.4 -13.8 +24.6
0.77 0.22 3.46 1.49 0.29
1.18 0.25 3.50 1.74" 0.23
124.2 98.7 21.4 270.2 521.4 315.6
120.7 88.5 18.5 242.0 530.5 318.9
+2.8 +11.5 +15.6 +11.6 -1.7 -1.0
3.5 7.9 0.24 24.4 45.1 9.5
4.6 7.7 0.27 22.4 61.7 9.8
-23.9 +2.5 -11.1 +8.9 -26.9 -3.0
1.50 0.83 0.16 1.03 0.75 0.67
1.98 0.81 0.18 0.94 1.02 0.69
$ 4.5 6.9 20.5 26.7 4.6
$ 78.0 105.8 294.8 238.3 43.1
$ 69.6 102.6 291.7 236.9 46.4
America Potash Calgon Corp. Celanese Corning Glass Works7 Corn Products
16.1 17.3 255.7 106.7 253.4
14.4 14.9 248.0 94.9 245.3
+11.8 +16.1 +3.1 +12.4 + 3.3
81.18 1.30 14.7 12.6 11.9
1.25 1.14 16.2 12.4 12.8
DeSoto Chemical Coatings Diamond Alkali Dow Chemical Du Pont Eastman Kodak*
27.1 57.5 331.3 755.0 373.1
24.5 56.4 306.9 789.0 348.3
+10.6 +1.9 +7.9 -4.3 +7.1
1.07 4.0* 30.8 78.0 60.8
Ethyl General Tire & Rubber' W. R. Grace Hercules Interchemical
88.9 210.9 368.7 148.8 68.1
77.7 255.1 309.1 142.4 70.2
+14.4 -6.3 +19.8 +4.4 -2.9
International Minerals & Chemical Koppers Co. 3M Co. Monsanto Co. Miles Laboratories
220.8 89.5 286.6 422.0 49.3
206.0 88.7 263.5 407.2 39.9
National Distillers & Chemical National Starch & Chemical Owens-Corning Fiberglas Parke-Davis Chas. Pfizer
211.6 27.7 76.8 57.7 149.8
Pittsburgh Plate Glass Reichhold Chemicals Richardson-Merrell* Rohm and Haas William H. Rorer, Inc. A. E. Staley Mfg. Co.* Stauffer Chemical Sun Chemical Sun Oil Union Carbide Uni royal
+12.0% +3.1 +1.0 +0.5 -7.1
* Six months ended March 31. ''Adjusted to reflect 2% stock dividends in both years and 2-for-l stock split in April 1966. c Includes amount resulting from expected restoration of investment taxrf credit. Adjusted to reflect 2% stock dividend in 1967. e Adjusted for 2-for-l stock split in April 1966. f First 12 weeks ended March 26. 0 Excluding special credit of $1,971,000 or 32 cents per share from gain on sale of investment.
20 C&EN MAY 1, 1967
EARNINGS PER SHARE First First quarter quarter 1967 1966
$ 4.6 7.6C 18.4 20.9 2.7
+2.2% +10.1 -10.2 -21.7 -41.3
12 weeks ended March 19. * Including nonrecurring capital gain of $425,000 or 4 cents per share. ? First quarter ended Feb. 28. k Nine months ended March 31. 1 Excludes nonrecurring gain of $6.4 million or 19 cents per share from sale of 50% interest in Mobay Chemical. m Includes nonrecurring gain of $147,000 or 3 cents per share from sale of ninvestment. Adjusted to reflect 5% stock dividend on Dec. 15,1966.
