Abstract

Financial reports of most chemical companies for the first six months of 1962 made pleasant reading in the face of the negative psychology which seems to characterize the general mood of business at this time. In many cases, chemical firms registered record sales and most of these showed substantially increased earnings compared with the first half of 1961. The cautious optimism expressed a year ago appears to have been justified—yet the uncertainty with respect to future business seems to have deepened rather than abated. As in past years, we asked the principal chemical manufacturers, during July, to comment on economic conditions within the industry. With respect to sales, only 54% anticipated further increases during the second half of 1962; 29% felt that sales would drop; the balance saw no appreciable change. Opinion with respect to 1963 was more optimistic, with 74% of the respondents believing that sales would increase up ...

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