Business & Finance: Words

Between appearances of its abbreviated annual reports Allied Chemical & Dye Corp. has never dropped a word to its stockholders or the public as to sales, earnings or business prospects. Last week, its traditional secrecy doomed by the Securities & Exchange Act and Orlando Weber, its traditional boss, in reticent retirement (TIME, May 27 et seq.), the big chemical company dropped precisely 79 words—each oneof which had undoubtedly been long pondered by its lawyers:

“Sales in the U. S. by Allied Chemical & Dye Corporation in May 1935, were larger than in any month since October 1930, a period of almost five years, the Company announced today.

“Allied Chemical & Dye Corporation serves a wide range of basic industries throughout the country, including steel, agriculture, oil, textiles, glass, soap, building and roadmaking. This statement may be of interest in connection with the basic industrial situation in the U. S.during the last month.”