NEWS EDITION
Axid Resisting Masonry Meeds a Superior Bond I n laying up structures that come in con. tact with acid conditions, it is not sufficient t o use acid-resisting masonry only. T h e bonding material, too, must withstand acids, gases and fumes.
Quigley Acid-Proof Cement is a ready-mixed acid resisting bond. It makes a strong, tight joint and will last as long as the brick or tile itself. Once used, it is con tinuously selected for laying up or patching acid-proof brickwork. Our Booklet AP 122 will help you solve your acidproof masonry problems.
QUIGLEY
F URNACΕ SPECIALTIES
COMPANYNC.
36 West 4 5 ih Street
N e w York
REFRACTORY MATERIALS FOR FURNACE CONSTRUCTION AND MAINTENANCE ACID PROOF CEMENTS ACID AND A L K A U PROOF COATINGS
Stock and Service through Agents in Every Industrial Center
Five'
New—
Eastman Organic Chemicals (MADE IN U. S. Λ.)
2720* 2716 2690· 2676· 2680·
pnCrcsyl Ethyl Thioether BP 105-107°/! 5 mm. Ethyl Ethylmalonate BP 95-97e/15 mm. Xtaconic Acid MP 165-166° o-Thiocresol B P 80-82 e /U mm. rn-Thiocresol Β Ρ 82-84710 mm.
100 gm. S 8.00 C 1 kg. 15.00 Ε 10 gm. 2.00 A 100 gm. 6.00 C 100 gm. 7.50 C
Over syoo Organic Chemicals Now in Stock Send for List No. 21
EASTMAN KODAK COMPANY Chemical Sales Department
Rochester, Ν . Υ .
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*"The Universal Staiidard :for4AhafeicaHiBufposes^: H. Reeye_Angçl_& Co., Inc -741.-Spr.uce St.", N e w 'YorkV-N."
Vol. 8. No. 17
Chemistry in Finance International Printing Ink-Newport Co. T h e proposed merger of t h e International Printing I n k Co. and the dyestuffs and chemical division of the N e w p o r t Co. has been abandoned. T h e Newport Chemical Co., which had been organized t o acquire t h e dyestuffs and chemical division of the N e w p o r t Co. preparatory t o the merging of this division with the International Printing Ink Co., "will b e continued a s a wholly owned sub sidiary of the Newport Co. T h e initial unit of the commercial plant of the ArmstrongNewport Co. for production o f insulating a n d building board from spent wood fiber (available as a by-product of t h e Pensacola operations) was completed in July, and commercial production of the insulating board has been started. T h e sales value of the output from t h e new unit will, it i s estimated, amount t o approximately $1,500,000 a year. A program of major expan sion in t h e manufacture of fine chemicals is under way. Virginia-Carolina Chemical Corp. Report of the Virginia-Carolina Chemical Corp. and i t s subsidiaries for the year ended. June 30, 1930, shows a n e t profit of $1,407,003, after depreciation, depletion, provision for doubt ful accounts, and federal taxes, equivalent, after 7 per cent prior preference dividends, to $2.63 a share earned on 213,392 shares of 6 per c e n t participating preferred stock, on which unpaid dividends amounted t o 13 per cent on June 3 0 . This compares with 81,515,501, or S3.05 a share, on t h e 6 per cent participating preferred stock i n t h e preceding fiscal year. Eastman Kodak-American Glue Co. Directors of the American Glue Co. called a special meeting of the stockholders of t h a t company for September 4 t o act on their recommendation t h a t t h e gelatin plants and business of the company be s o l d to the Eastman Gelatine Corp., which is a subsidiary of the E a s t m a n Kodak Co. International Salt Co. International S a l t Co. directors met August 2 0 for action on the initial dividend on n e w no-par common stock. In all likelihood stock w i l l be placed on an annual basis of a t least $3. For the six months ended June 3 0 , the company reported a profit of $322,901, after charges and bond sinking fund, b u t before federal taxes, comparing with $231,298 in t h e first half of 1929. In June the International S a l t C o . split the old 60,000 shares of $100 par c o m m o n stock into 180,000 shares of no-par common stock and offered a n additional 60,000 shares at S36 a share, in the ratio of one share for every three shares of n e w stock held. Rights t o the new stock were fully subscribed, giving t h e com pany 240,000 shares of common outstanding. Directors a t t h e quarterly meeting, prior to t h e split u p , declared a dividend of $2 o n the old common, equivalent t o $8 annually, compared with a previous quarterly dividend of $1.50,. or $6 annually. American Agricultural Chemical Co. The American Agricultural Chemical Co. plans to eliminate its profit and loss deficit, amounting to nearly $40,000,000, and thus prepare the way for dividend payments, if profits warrant, by substitution of securities o f a subsidiary for those of the parent company, either through voluntary exchange or dissolution of the latter. The consolidated annual report for t h e year ended June 3 0 indicates that, o n c e this is done, dividends will be possible. Besides showing n e t earnings of over Sl,50O,000, t h e company in its balance sheet presents current assets of nearly $24,000,000, and current liabilities (including reserves) of only $3,800,000. Cash alone o n J u n e 30 exceeded $6,700,000. With a capital impairment which h a s existed since 1923 no dividends can be paid, even o n t h e preferred stock. Directors have in the past year shifted more of the operating properties to the American Agricultural Chemical Co., of Delaware, a company organized in 1913 with only one class of stock (common) and wholly owned, and which has been utilized for many years as the medium for doing business in certain states. T h e Dela ware company h a s now become the principal manufacturing and operating c o m p a n y , a n d t h e Connecticut company has assumed more t h e status of a holding company, whereof the principal asset is t h e c o m m o n stock of the Delaware company. Furthermore, the Delaware company has been substituted for the Connecticut c o m p a n y as obligor o n the first refunding 7.5 per cent bonds pursuant to supplemental indenture executed between the Delaware company and the trustee under t h e mort gage. T h e D d a w a r e c o m p a n y is free of capital impairment. The directors a r e studying plans for a n exchange of securities of the t w o which, when definitely formulated, will be submitted to stockholders.
September 10, 1930
INDUSTRIAL AND ENGINEERING CHEMISTRY
Manufacturers' New Publications Notice—Publications mentioned in this column will be sent free, unless other wise noted, by the firms issuing them, to readers of INDUSTRIAL AND E N G I NEERING CHEMISTRY who request them on their business stationery. In writing it will be appreciated if you will mention INDUSTRIAL AND E N G I NEERING CHEMISTRY.
Buildings. "The Austin Book of Buildings" i s the title of a new bulletin describing industrial manufacturing plants, including s o m e chemical process factories built by this firm of construc tion engineers. A U S T I N C O . , Cleveland, Ohio. Corrosion. A n e w booklet o n the Cad-A-Loy process and the zinc process discusses applications for protecting iron and steel equipment against atmospheric corrosion, a s well as corrosion b y certain chemical fumes.
THE STRUCTURE OF CRYSTALS By
Ralph W . G. Wyckoff
A.C.S. MONOGRAPH NO. 1 9
ROESSLER & HASSLACHER CHEMI
CAL Co., 10 East Fortieth S t . . N e w York, Ν . Υ . Glass-Lined Equipment. Catalog 714 illustrates and describes a variety of glass-lined commercial equipment for pharma ceutical, rayon, sugar, petroleum, and other process industries. PFAXJDLER C O . , Rochester, Ν . Υ .
Graphite Paint. Interes ing literature, including a chart of color samples, is available o n the special protective paint made of flake graphite combined with silicon. Particularly good corrosion resistance against smoke, fumes, dust, temperature variations, etc., is claimed.
JOSEPH D I X O N CRUCIBLE C O . ,
Paint Sales Division, Jersey City, N . J. Heat Exchangers. Bulletin 4 5 , 12 pages, discusses a variety of industrial heat-transfer equipment for petroleum refining a n d miscellaneous chemical process work. Cross-section views a n d other detailed illustrations are included. STRUTHERSW E L L S C O . , Warren, Pa.
Material Handling. A new 4-page bulletin gives a reprint of an interesting article, "Cutting Handling Cost in Shipping Vegetable Potash," applying pneumatic conveying process.
462 Pages
Illustrated
Price $7.50
Presents the modern theory of crystal structure, in the light of X-ray diffraction methods, and describes the results of crystal analysis of various types of chemx cal compounds. An invaluable reference book to all engaged in research work.
D U S T RECOVERING & CONVEYING C o . , Cleveland, Ohio.
Nozzles. A new bulletin, "Spraco Nozzles for Industrial Pur- ι poses," illustrates a n d describes the application of this equip m e n t for various drying operations, cooling and aerating proc esses, etc. SPRACO, INC., Somerville, Mass. Power Transmission. A series of small folders illustrating specific equipment and a combined catalog of 1086 pages covering the complete Link-Belt line offer useful information o n practically all types of power-transmission equipment, including silent chains, herringbone gears, worm gears, etc. L I N K - B E L T C O . , North Holmes Ave., Indianapolis, Ind. Pulverizers. Bulletin 10 illustrates and describes the N o . 3 unit | pulverizer for coal and some other bulk materials. GRINDLE F U E L EQUIPMENT C O . , Subsidiary of Whiting Corp., Harvey, 111. Pump Selection Charts. A new 32-page bound bulletin gives interesting and extensive curves, charts, and other graphic data o n performances of different types of centrifugal pumps, j Illustrations a n d discussions of various centrifugal pumps are also included. G O U L D S PUMPS, INC., Seneca Falls, Ν . Y. Silica Gel. Bulletin 11 discusses t h e application of diiferent material for drying compressed air, chlorine, carbon dioxide, hydrogen, oxygen, acetylene, and other industrial gases. SILICA G E L CORP., Baltimore Trust Bldg., Baltimore, Md. Steam Traps. Armstrong machine traps and their application to various steam-handling equipment in power plants and process work are described and illustrated in a n e w catalog. A R M STRONG M A C H I N E W O R K S , Three Rivers, Mich.
Waste H e a t Boilers. A n e w type of waste heat boiler incor porating heating elements of seamless steel tubing is illustrated a n d described in Bulletin WB-30-2. Interesting industrial applications, including the recovery of heat from Diesel engine exhaust,
are
mentioned.
FOSTER
WHEELER
CORP.,
The C h e m i c a l Catalog C o m p a n y , Inc. 419 FOURTH AVENUE,
N E W YORK, U. S. A.
IDEAL U. S. MADE TOWER PACKING Patented multiple coils giving highest contact surface per volume unit. Ideal for scrubbing coke oven gas, natural gas, flue gases and for all liquid-gas contact re actions. M o s t efficient help in all bubbling operations, distillation etc. F o r technical data, prices and samples, write to:
CHOLET-VANDERHOEF, I N C . 171 M a d i s o n Ave.
* N e w York, Ν . Υ. Agents wanted
1651
Broadway, N e w York, Ν . Υ .
Calendar of Meetings American Chemical Society—80th Meeting, Hotel Gibson, Cin cinnati, Ohio, September 8 to 12, 1930. Intersectional Meeting—Buffalo, Ν . Υ., November 2 8 and 29, 1930. American Electrochemical Society—Hotel Statler, Detroit, Mich., September 25 to 2 7 , 1 9 3 0 . American Institute of Chemical Engineers—New Orleans, I,a., December 8 t o 10, 1930. American Oil Chemists' Society—Congress Hall, Chicago, 111., November 13 a n d 14, 1930. American Petroleum Institute—Chicago, 111., November 1 0 to 13, 1930. Association of Dairy, Food, and Drug Officials of t h e United States—Roosevelt Hotel, N e w Orleans, La., November 11 to 14, 1930.
Badger Service Evaporators : T y p e s for every purpose Distilling Machinery for every p r o d u c t Solvent Recovery Equipment Design and Construction of Complete Plants See 1929 Chemical Engineering Catalog Pages 222-241
E-B-BADGER & S O N S COMPANY B O S T O N - M A S S . New York Office - 271 Madison Aoe.
