NEWS EDITION
AUGUST 10, 1936
309
:
''SlkMjiia^ii^ers-;; #tiMi^iiOTS Publications mentioned in these columns will be sent free, unless otherwise noted, by the firms issuing them, to readers of INDUSTRIAL ANI> ENGINEERING CHEMIBTBY who request them on their business stationery. In writing it will be appreciated if you will mention INDUSTRIAL AND ENGINEERING
CHAMPION PAPER & FIBRE C O . (form-
CHEMISTRY.
ELECTRIC-HEATED
STEAM
GENERATORS.
Bulletin 52B, 8 pages, describes in detail this line of electric steam boilers, and the various control devices with which they can be fitted. COMMONWEALTH ELECTRIC & M F G . C O . , 83-105
Boston St., Boston, Mass. EXACT
WEIGHT SCALES.
This
32-page
bulletin carries a large number of photographs showing various applications of scales, ranging from delicate package work with ultimate consumer products to the sacking of commercial fertilizers and the packing of flour. EXACT WEIGHT SCALE Co., Columbus,
Ohio. A 4-page
bulletin describes the application of Radiostat control to automatic coalfiring. This tvpe of equipment is said to be particularly suitable for lowpressure jobs on* buildings. With Radiostat control outside temperature is the governing factor of the heating unit. LINK-BELT Co., 307 North Michigan Ave., Chicago, 111. PROPORTIONING
EQUIPMENT.
Bulletin
1529 gives the reader an interesting resumeof the possibilities for weighing and measuring both granular and liquid materials. The types of equipment include those for manual operation, semi-automatic, and fully automatic proportioning. The bulletin carries the layout drawings of several installations, showing just how the equipment has been geared up with the process. BLAW-KNOX C O . , Pittsburgh, Pa. PROPORTIONING INPUT TO DEMAND.
Cata-
log N-OOA describes the Micromax electric control for handling this type of proportioning work. Its three integral parts are the Micromax control instrument, relay detector, and valve mechanism. The chief features of this control unit are said to be simplicity of design, its adaptability to a wide range of applications, and quick response to LEEDS & NORTHRUP C O . ,
4900 Stenton Ave., Philadelphia, Pa. SALT BATH FURNACE.
The Ajax-Hult-
gren salt bath furnace for cyaniding, annealing, hardening, and tempering is described in Bulletin 103 and in a reprint from the June issue of Metals & Alloys. AJAX ELECTRIC C O . , INC., Frankford
Ave. and Allen St., Philadelphia, Pa. TAG COLORIMETER STAND.
Bulletin 1143
is a data sheet on an adjustable colorimeter stand designed for use with either the TAG-Saybolt Chromometer or the TAG-Robinson colorimeter. The data sheet gives a brief, concise description of the construction and operation of this useful instrument. C. J. TAGLIABUE M F G . Co., Park &
Nostrand Aves., Brooklyn, N . Y. TAG INDICATING AND RECORDING PYROME-
TERS. Catalog 1101B describes this fine of equipment utilizing a beam of light, mirror galvanometer, and a phototube. This construction is claimed to offer instantaneous action, accuracy of 0.1 per cent, and high sensitivity. This 16-page catalog goes into complete detail on the features of these pyrometers and announces for the first time the new 2- and 3-position recordercontroller.
Park and Nostrand Aves., Brooklyn, N. Y. TAG
PYROMETERS.
Catalog
1101B
is
a 16-page catalog describing this line of photoelectrically balanced recorders, indicators, and controllers. A beam of light reflecting on a phototube supplies the actuated forces. The bulletin carries a series of very interesting installation photographs, as well as comprehensive data about the operation and design of the instruments. C. J. TAGLIABUE MFG. Co., Park & Nostrand Aves., Brooklyn, N. Y . TEMPERATURE CONTROLS.
Burling auto-
matic heat controls are described in a 4-
LINK-BELT HEATING SYSTEM.
deviation.
on no-par common stock. This compares with $470,782 in the first half of 1935. Net profit for the 12 months was $1,417,142 after charges and federal income taxes. For the first half of 1936 sales were $7,476,459, against $6,152,328 in the first half of 1935.
C. J. TAGLIABUE M F G . Co.,
page
bulletin.
BURLING INSTRUMENT
Co., 241 Springfield Ave., Newark, N. J. TRENT ELECTRIC MELTING POTS.
Leaflet
TD-11 is a 4-page data sheet describing the varieties of electric melting pots offered by this firm. The size and capacity table is used, as well as photographs so that the prospective purchaser can get a good idea, not only of the operation, but of the design of the equipment.
HAROLD E. TRENT C O . ,
618 North 54th St., Philadelphia, Pa. YARWAY STEAM TRAPS.
Bulletin
T-782
carries a complete description of the operating principles and construction of this new trap. Its operation is based on the fact that the Yarway impulse steam trap operates on an entirely new principle—namely, that when fluids of varying densities (because of changes in temperature) flow through two orifices in series, the changing characteristics cause variations of pressure in a control chamber located between the orifices. YARNALL-WARING CO., Chestnut Hill, Philadelphia, Pa.
F i n a n c i a l ISfeiws ABBOTT
LABORATORIES.
Stockholders
have approved an increase in the authorized capital stock from 200,000 to 1,000,000 shares of no-par stock and the issuance of two additional shares for each share now held by stockholders. Distribution is to be made to stock of record July 21. The remaining 400,000 shares will be held in the treasury for future expansion. For the first six months the company's sales showed a substantial gain over the like period last year, and net earnings reflected a corresponding increase. AIR REDUCTION C O . and subsidiaries for
the quarter ended June 30, 1936, show a net profit of $1,902,245 after depreciation, federal taxes, etc., equivalent to 75 cents a share on no-par stock. This is the best quarter the company has enjoyed, and compares with $1,430,231 in the preceding quarter, and $1,254,325 in the June, 1935, quarter. For the six months ended June 30, 1936, the net profit was $3,332,476, compared with $2,508,333 for the first half of 1935. ATLAS POWDER
C O . and
subsidiaries
report for the six months ended June 30, 1936, a net profit of $735,755 after depreciation, federal income taxes, etc., equivalent after dividend requirements on 6 per cent preferred stock to $2.12 a share
erly Champion Coated Paper Co.) and subsidiaries for the fiscal year ended April 26, 1936, show a net profit of $1,207,389 after depreciation, taxes, etc. COMMERCIAL SOLVENTS CORP. and sub-
sidiaries for the quarter ended June 30, 1936, show a net profit of $466,170 after depreciation and federal income taxes, but before federal surtaxes on undistributed profits. This compares with $617,778 in the June quarter of 1935. For the six months ended June 30, 1936, the net profit was $1,083,948 after charges and federal income taxes, compared with $1,099,655 in the first half of 1935. CONSOLIDATED CHEMICAL INDUSTRIES,
INC., reports for the quarter ended June 30, 1936, a net profit of $136,333 after depreciation, interest, federal income taxes, etc. This compares with $106,888 in the June, 1935, quarter. For the six months ended June 30, 1936, the net profit was $243,221 after charges and taxes, compared with $232,846 in the first half of 1935. CORN PRODUCTS
REFINING C O . For
the six months ended June 30, 1936, the company shows a net profit of $5,353,935 after depreciation and federal income and state taxes, but exclusive of surtaxes on undistributed profits, equivalent after dividend requirements on 7 per cent preferred stock to $1.77 a share on $25 par common stock. This compares with $3,881,564 in the first half of 1935. For the quarter ended June 30, 1936, the net profit was $2,553,945, after charges and federal income taxes, compared with $2,799,990 in the preceding quarter and $1,747,112 in the June, 1935, quarter. Dow
CHEMICAL C O . For
the
fiscal
year ended May 31, 1936, the company reports net profit of $4,384,510 after depreciation, federal income taxes, etc., equal after 7 per cent preferred dividends to $4.42 a share on 945,000 shares of no-par common stock. This compares with $3,320,970 or $3.32 in the preceding year. Earnings for the year are exclusive of net profit of $387,399 from the sale of 7286 shares of common stock previously acquired, equivalent to an additional 40 cents a common share. Current assets as of May 31, 1936, including cash and U. S. Government securities of $2,356,714, amounted to $9,821,332, compared with current liabilities of $2,761,641. In the previous year current assets were $8,856,381 and liabilities $2,769,531. The company has declared its regular quarterly dividend of $1.75 on preferred stock and a dividend of 60 cents on common. The preferred has been called for redemption or exchange for new 5 per cent preferred on August 15. SOUTHERN KRAFT CORP.
Net
profits
of the company have registered a steady gain since 1933, during which time sales rose from $16,643,692 in 1933 to $7,009,591 in the first quarter of 1936. Net profit for1 the first three months of 1936, after al charges, was $764,661. The compan; plans the issuance of $14,500,000 firs* leasehold and general mortgage bonds, 4.25 per cent series due 1946. GENERAL ELECTRIC C O . A 25-cent divi-
dend on common stock has been authorized, the same as paid three months ago.
