are now signed up. F. Ellis Johnson, formerly dean of engineering, University of Wisconsin, is program chairman.
Business and Financial News
Better Temperature Control ...Increased Production
The directors of Air Reduction Co., Inc., have declared the regular quarterly divi dend of 25 cents per share on the common stock, payable since April 26. Capital investment during 1948 by Cities Service subsidiaries will total approximately $145 million as compared with $96 million in 1947. Commercial Solvents Corp. reports for the quarter ended March 31a consolidated net profit of $2,013,481, equal to 76 cents a share on 2,636,878 shares. Consolidated net income of Freeport Sulphur Co. for the three months ended March 31 amounted to $874,672, equivalent to'$1.09 per share on the 800,000 shares of common stock outstanding. Harbison-Walker Refractories Co. re ports net earnings including subsidiaries for the quarter ending March 31 estimated at $1,178,761. This is equivalent, after dividend requirements on the 6% pre ferred stock, to 84 cents per share on the shares of no par common stock outstand ing. Heyden Chemical Corp. reported net earnings for the first quarter of 1948 of $1,800,656, a 54% increase over the 1947 earnings for the same period. This is equal to 92 cents per share on the out standing $1 par value common stock. Sales of the consolidated companies of Monsanto Chemical Co. for the first quar ter of the year amounted to $38,473,744, an increase of 6% over 1947. The Paraffine Cos., Inc., reported a total profit for the three months ended March 31 of $857,510.07. This is equal to 57 cents per share of common stock. Rayonier, Inc., shows first quarter sales of $15,406,987 and net income of $2,460,679, representing $2.16 earned per share of common stock.
Φ Where the cooling of liquids or gases is part of your process, the N I A G A R A AERO HEAT EXCHANGER will save over 9^(/o of the water you use for cooling. A n even greater advantage is the closer control of temperature which results in improved quality, reduced loss in rejections, and the speeding up of production performance. Applications include cooling jacket water for process equipment or engines; cooling cutting oils, lubricants, hydraulic equipment; quenching baths o f water, oils or solutions; electronic sets, transformers; controlled at mospheric processes, compressed air or gas cooling. Write for the story of examples in your particular process. Ask for Bulletin 96-CE.
News of the Industry
LJ
New headquarters for the development of sales in the field of free .testosterone and progesterone have been set up by the Chemical Specialties Co., Inc., at 22 East 40th St., New York 16, Ν. Υ. Moore Products Co. has opened a new branch office in Houston, Tex. In charge of the office will be Robert A. Barnes. The Warwick Chemical Co., division of Sun Chemical Corp., have announced the removal of their .offices from 580 Fifth Ave., New York City, to the Sun Bldg., 10-10 44th Ave., Long Island City, Ν. Υ. V O L U M E
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N I A G A R A BLOWER
COMPANY
Over 30 Years of Service in Industrial Air 'Engineering 405 L e x i n g t o n Ave. N e w Y o r k 17, N . Y . District Engineers in Principal Cities
INDUSTRIAL COOLING
HEATING
·
DRYING
NIAI^RA HUMIDIFYING · M A Y
17,
1948
AIR ENGINEERING EQUIPMENT 1453
