Business and Financial News Aluminium, Ltd., the Canadian holding company in the world's aluminum indus try, reported an estimated nut profit of S8.7 million in the six months to J u n o 30, after providing a reserve against loss on prewar investments abroad, or SI 1.65 a share on the common stock. While work ing capital increased in t he first six months of this year, the company foresees the necessity for providing additional reserves for investment losses and i s making a pro vision for expenditures of S30 million for p l a n t expansion over a four-year period.
DUKASP'UM
American P o t a s h and Chemical Corp. announced a net profit for the six m o n t h s ending J u n e 30 of $1,102,057, e q u a l to $1.94 on outstanding common stock, after dividends on t he preferred. This compares with $1.37 a share paid for t h e same period last year. Babcock and Wilcox Co- sales a n d earn ings an; expected t o reach a. new high this year with profits for t he full year around $10 a share on the common stock. Despite current, high level of oporat ions, unfilled orders on the hooks are continuing t o pile up. The order backlog now totals $140 million compared with $113 million a t the end of 1946. P l a n t efficiency is being in creased by the modernization program now u n d e r way. Eastman Kodak Co. reported a gain of 2 9 % in sales for t h e first naif of this year to $153 million. Earnings were equal t o $1.62 a share on the new common stock outstanding after t h e fivc-for-oiie split last April. T h e board of directors of H e r c u l e s P o w d e r Co. has declared a, dividend of 35 cents a share on common stock, p a y a b l e Sept, 25. T h e preliminary report, of M c K e s s o n and Robbins, Inc., for the fiscal year ended J u n e 30, shows consolidated net profit of $9,675,776. This is equivalent to $5.37 a share on the common stock. L a s t year, for t h e same period, $4.74 a share was paid on common stock. Price
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•t's alloyed to - - meet a highlycorrosive condition, . It's centrifugally cast to give it the higher strength and *•" ' - ^ Λ m greater metal density to.meet a tough iI«M;»:ll»rag structural requirement. It's .^typical of what we can d o in our centrifugal casting department. In this case two sections w e r e m a d e a n d w e l d e d together.
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May w e suggest that if you h a v e n e e d for any high alloy pipe or tube ranging in diameter from 2lA inches to 24 inches and, d e p e n d i n g on diameter» u p to 15 feet in length, you look into our centrifugal casting service.
Changes
A general price reduction of 50 products in its line of organic chemical derivatives, amounting in one product to a s much a s 3 0 % , was announced by Glyco» P r o d u c t s Co., Inc., Brooklyn, Ν. Υ., a n d New Martinsville, W. Va. The price c u t s aver age 2 0 % . The reductions in prices a r e made possible because of lowered m a n u facturing costs resulting from the com pany's increased production facilities and by some reduction in the c o s t of raw m a t e rials. (Continited on page 2668) V O L U M E
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THE U U f i u i i U 1 COMPANY Office and Plant: Scottdale Pa. ·
Eastern
Office:'
12 East 41st Street. N e w York 17. Ν. Υ.
L o · A n g e l · * & San F i * n o * c o
C h i c a g o & Detroit: F B. CORNELL, 6 A S S O C I A T E S
KILSBY à HARMON METAL G O O D S C O R P
SEPTEMBER
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1947
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C ONSULTA ΝTS CHEMICAL CONSULTANTS, ENGINEERING SERVICES, TESTING LABORATORIES, PATENT ATTORNEYS, ETC.
GILLETTE-BELL
Industrial Corp. of New York, Ν . Υ. Affiliated with M A R R O Q U I N & O H E M , S.R.L., Engineers, Mexico City Industrial Design, Engineering, Product Development, Market Surveys, Purchasing & Expediting, U.S.A., Mexico, Central America. 207 East 3 2 n d St. New York 16, Ν. Υ.
LA W A L L & HARRISSON
Industrial Research
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Pharmacologic and Toxicity Studies
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1r%*\>J reduction in the price of C M C , sodium carboxymethylcellulose, were two other price drops. T h e major factors af fecting these reductions in prices are two new plants starting operations, one in Burlington, N. J . , and the other in Hope well, Va. A price reduction of approximately 9% • >a metallic soaps w a s announced by Metasap Chemical Co., Harrison, N. J., .subsidiary of NOpco Chemical Co. This redixction represents t h e third such cut in metallic soaps since mid-April, bringing current prices about 2 0 % below t h e level of early April. According to O. E . Lohrke, general manager, the current price reduc tion, is an effort o n the part of Metasap to pass along to customers t h e benefits of reduced production costs. A horizontal reduction of 5 cents a pound in its price schedule for D D T was announced by M o n s a n t o Chemical Co. D D T is m a r k e t e d under t h e trade name Santobane. The reduction is coincidental witL· initial operation of new facilities for the manufacture of Santobane a t Mon santo, 111.
Food for Armed Forces Sixty regular a n d Category One officers of t h e Army, N a v y , Marine Corps, a n d Air Forces are studying t h e preparation a n d solving of food to members of t h e armed forces, according t o information 2668
received by Col. Charles S. Lawrence, Commanding Officer of the Quartermaster Food a n d Container Institute for the Armed Forces. The advanced food course a t C a m p Lee, Va., is preliminary to one given by the training division of the institute, where officers receive instruction in procurement, marketing, storage, and shipment of food stuffs.
Ammonium Nitrate Shipments in Canada The Canadian government will con tinue t o permit shipments of ammonium nitrate, but strict regulations governing such shipments will be enforced. No more block stowage on ships will be per mitted and t h e material must be spaced to permit a m p l e ventilation. I n the future, ammonium nitrate must be loaded direct from boxcar to ship. The Canadian National Research Coun cil is s t u d y i n g the explosive properties of ammonium nitrate.
Chemical Corps Seeks Editors The A r m y Chemical Center, Md., has openings for director of technical informa tion (P-6, $7,102 p e r annum), writer (P-3 $4,149 per a n n u m ) , and technical editor (P-2 t h r o u g h P-5, $3,397 to $5,905 per a n n u m ) . Optional branches for teclmical editors include chemistry, chemical en gineering, general, biological sciences, Chemical Corps matériel, and mechanical engineering. Applications should be filed b y Oct. 6, 1947, w i t h Executive Secretary, Board of U . S. Civil Service Examiners, Army Chemical Center, M d . C H E M I C A L
CONSULTANTS.... advertising in this special Directory of CHEMICAL AND ENGINEERING NEWS get their m e s sages across to 60,000 process i n d u s t r i e s subscribers who are frequently i n need of expert a n d special ized assistance. If your field is c h e m i cals or textiles or foods or plastics or petroleum-or w h a t ever, yoii're bound to find m a n y m e n in this market who will regularly look to this section of C&EN t o provide t h e m with information o n your services. See low-rate sched ule on page 2669. A N D
E N G I N E E R I N G
N E W S
