Financial News - C&EN Global Enterprise (ACS Publications)

Nov 4, 2010 - ... for maintenance, depreciation, depletion, federal income tax, etc. ... the full program of its Development and Research Department, ...
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Vol. 10, No. 20

PETBOLBUM

PRODUCTS AJSD L U B R I C A N T S

THIS PAMPHLET brings together in convenient form the 1932 Report of Committee D-2 on Petroleum. Products and Lubri­ cants, the various A. S. T. M. standard and tentative standard CHEMICAL CHARACTER OF SURFACE WATERS OF methods of test pertaining to petroleum, and the personnel of VIRGINIA Committee D-2 and its subcommittees and technical com­ mittees. The volume gives 48 test methods, of which 33 have THE VIRGINIA STATE COMMISSION ON CONSERVATION AND D E ­ been accepted as standards and 15 as tentative standards, in­ VELOPMENT has recently published a report on the chemical char­ cluding revisions accepted at the June, 1932, meeting. This is acter of surface waters of Virginia that contains over 100O a book of 280 nages, available at $1.25 from A.S. T . M . Head­ analyses of the mineral content of water samples. Most of the quarters, 1315 Spruce St., Philadelphia, Pa.

analyses are of 10-day composites of daily samples over a period of a yea.i\ Thirty-three points where gaging stations are main­ tained were covered in this way. Single samples a t high and lowwater were taken at more than fifty other stations. The results are correlated with one another and with geologic conditions. The report was prepared in cooperation with the United States Geological Survey. The analyses were made and the text was prepared by W. D. Collins, E. W. Lohr, Κ. Τ. Williams, H. S. Haller, and O. C. Kenworthy in the Geological Survey at Wash­ ington, D. C. The collection of the samples was arranged hy J.J. Dirzulaitis, chief engineer of the Division of Water Resources and Power of the Commission at University, Ta., who also fur­ nished all the discharge data and is distributing the report. ACEDSEAL PAINTS A NEW LIINE OP RUBBER PAINTS, which has been developed

very recently and marketed in a quiet way, is thoroughly dis­ cussed in a recent bulletin, "Acidseal Paints" of The B. F. Good­ rich Rubber Co., Akron, Ohio. The bulletin is a manual of recommendations for paint problems and describes rubber deriva­ tives that minimize the corrosive action of aeids and alkalies on materials. These paints have as a base a commercial form of rubber isomer, developed by the Goodrich laboratories, which is said to impart valuable properties not found in ordinary- paint films. The bulletin discusses the selection of proper paint and primer for various purposes, methods of application, ingredients, describes finished results, spreads per gallon, and operations in which dif­ ferent types have been used successfully. It also states that the Goodrich research division is ready to work on any paint problems for special purposes. Copies of the bulletin may be had on request to the manufac­ turer.

PBOSLEMB I N P I P E F L O W "SOLUTION OP SPECIAL PROBLEMS in Pipe Flow by Graphical

Analysis" is the title of a 29-page bulletin by Grant K. Palsgrove, which is NTo. 37 in the Engineering and Science Series of the Rensselaer Polytechnic Institute, Troy, N. Y. After a discussion of factors involved and. typical layouts, five cases are taken up in considerable detail and graphs for their solution, presented.

SYNTHETIC PLASTICS CHAUT A CHART telling the graphic story of what Durez is made of and where it comes from has been prepared by General Plastics, Inc., North Tonawan&a, N~. Y., for classroom and laboratory use. It is intended to help visualize where the raw materials are se­ cured in the manufacture of thermosetting resins and the princi­ pal products made from them. BITUMINOUS

COAL INDUSTRY I N PENNSYLVANIA

THE GEBATBR PENNSYLVANIA COUNCIL, which is an organiza­

tion established b y the State of Pennsylvania, has published its first bulletin, Soft Coal Bulletin No- 1, under the title "The De­ cline of the Bituminous Coal Industry in Pennsylvania." The report discusses tbie competition between coal and other sources of energy and devotes a second section to changes in bituminous production, employment, and shipments. The report presents a large mass of facts in a direct concise manner and will be generally useful. LITHIUM

ELECTRICAL INSULATING MATERIALS

METHODS OP TEST relating to electrical insulating materials are treated in the 1932 Reoort of Committee D-9 of the American Society for Testing Materials in a 236-page volume. The pub­ lication includes 29 standards, of which 18 are test methods pro­ mulgated by the committee, 10 are specifications covering rubber and textile products used in the electrical industry, and one is a method of testing the insulating qualities of slate. Several of the test methods are new. The report outlines more than 25 re­ search projects currently before the committee and gives progress reports. The book may be obtained from A. S. T. M. Head­ quarters, 1315 Spruce St., Philadelphia, Pa., at a cost of $1.25 per copy·

THE IMPBRIAL· INSTITUTE has issued a bulletin on lithium whi.-»h gives a concise summary of our present knowledge of lithium, dealing particularly with the natural sources of the material, its preparation and uses, together with the world's production and marketing of lithium minerals, and a description of their occurrence i n both British and foreign countries. A selected and classified bibliography is included. This is one of a series of monographs on economic minerals, and may be had from H. M. Stationery Office, London. Price, 6 d.

Financial News

PENNSYLVANIA. SAI/T MFG. Co. The 82nd annual report, covering operations for the fiscal year ending June 30, 1932, shows net profits of $363,147 or $2.42 per share, after making T H E DIVISION OP CHEMICAL EDUCATION OP THE AMERICAN CHEMICAL SOCIETY has had a committee working on the subject deductions for maintenance, depreciation, depletion, federal in­ of labels and, as a result of some two years spent in surveying the come tax, etc. During the year further general reductions in field and getting opinions from many active teachers, has now salaries and "wages were made and effort centered upon reducing completed this work. The book of labels embodying their sugges­ the company's expenses without impairing its efficiency. Total tions has made its appearance. The committee published a list sales declined materially as compared with the previous fiscal of proposed labels in the Journal of Chemical Education to obtain year, and this, coupled with lower prices, resulted in the reduction suggestions and corrections, and later publicized the approved of profits in spite of diminishing costs of production. Dividends list. The first Book of Labels embodying the work of the com­ were paid throughout the year at the rate of 6 per cent or $3 per mittee has been prepared by Robert A. Haag, 38 Murray St., share. The company has thought i t important to continue the full program of its Development and Research Department, even New York, N.Y. in times of extreme economy. LABEL BOOK

CORN PRODUCTS REFINING Co.

SAJVDS, C L A Y S , ANT> M I N E R A L S

IN THE SECOND NUMBER of Vol. 1 of Sands, Clays, and Min­ erals, a British magazine published ^byJAlgemon Lewin Curtis, P. O. Box 61, Chatteris, England, a particularly effective color plate is used to illustrate an article on Australian opals. "FOUR THOUSAND YEARS OF PHARMACY/' by Charles ΈΓ. La-

Wall, has just been issued in a Japanese translation published by the Kosei Kaku Publishing Co., Tokyo, Japan.

Domestic production by the

Corn Products Refining Co. in the three months ended September 30 was equal to that of the corresponding period of 1931, if ex­ port business is disregarded, or 5 per cent less than 1931 including production forjexrport, which isjat present cared for by the com­ pany's foreign plants. It i s expected that earnings will at least equal the $2,059,452 or 64= cents a common share earned in the third quarter of 1931. Operations i n August ran well ahead of August, 1931. September, 1932, showed an increase over August and ran nearly the same as September, 1931. Earnings for the first nine months are expected to reach S6,20G,00O, against $7,553,719, or $2.46 a common share, in the same period in 1931.