So far, a small parcel has been sold to an unnamed buyer. Sale of the rest is under negotiation. V-C has other extensive phosphate reserves in areas bordering the Christina tract. A company spokesman says the Christina land has not been worked because V-C has other reserves and might have to build another plant if it mined the tract. During its 65-year history, V-C has been giving retirement allowances, but retired people couldn't be sure how much or when they would get them. The new plan corrects this, V-C says. In January the company started another plan—stock purchase—designed for the financial welfare of employees. In this, V-C donates $1.00 for every $2.00 saved, to be invested in company stock.
Tennessee Corp. Bids for Miami Copper Assets If Miami stockholders approve, company will be liquidated Miami Copper directors have approved a plan to shift the company's operating assets to Tennessee Corp., subject to approval by Miami stockholders, in exchange for about two tenths of a share of Tennessee stock for each share of Miami, plus additional cash. If the deal is approved, Miami will be liquidated, its net assets going to stockholders. Miami, which owns an additional 364,000 of Tennessee's outstanding shares, expects each of its stockholders to get seven tenths of a share of Tennessee's common stock and about $50 in cash for each share they hold. Miami's copper output in 1959 hit about 63 million pounds; sales ran at about $21 million. Its operations are concentrated in Arizona. Tennessee mines copper at Copperhill, Tenn. The plan calls for Miami to sell royalty interests in its copper reserves to institutional investors. Tennessee has been involved in a flurry of activity in the past three weeks. It announced it will build an ammonia plant in East Tampa, Fla., and start a multimillion dollar expansion at its plant in Savannah, Ga. (C&EN, Feb. 22, page 3 3 ) . Southern Nitrogen has agreed to buy 30% of the output of the Florida plant. Tennessee also plans to double its liquid sulfur dioxide capacity at Copperhill, Tenn.
Some Additives Get More Time for Tests With a flurry of regulations in the week before the March 6 food additives deadline, the Food and Drug Administration: • Granted extensions for a number of direct and indirect food additives and .135 materials used in paper and paperboard packaging. (Among the later were defoaming agents, rosin and rosin derivatives, and miscellaneous items.) • Proposed that 67 substances used in paper and paperboard be listed as "generally regarded as safe." This list, which includes such materials as acetic acid, pulps, and starches, will be considered by qualified experts. If they agree with FDA, no further safety testing will be required. These materials may become components of food as a result of their use in food packages, says FDA. • Announced no further proof of safety will be necessary for 28 other materials used in paper and paperboard. (Among them: slime-control agents, ureaformaldehyde polymers, and pyrethrins. These materials were all authorized as safe by FDA before the 1958 Food Additives Amendment was enacted. Many of these items, said FDA, would not be reasonably expected to migrate to food, under conditions of normal use, according to available scientific information and data. The substances granted extensions can be used until March 6, 1961, or until FDA issues further regulations concerning them, whichever is first. When FDA issues new regulations, these substances can be used only in accordance with the new regulations, if at all. FDA said use of these materials for one year would present no undue hazard to public health. The list of indirect additives, was published in the Federal Register Feb. 27; that of the packaging materials, March 1. The list of direct additives for which extensions have been granted is below.
SPECIFIED USES OR RESTRICTIONS
LIMITS
PRODUCT
Butylated hydroxyanisole and/or butylated hydroxytoluene. Butylated hydroxyanisole and/or butylated hydroxytoluene, and/ or propylgallate. Cottonseed flou r (cooked partially defat ted). 3,5-Diiodo.salicyl c acid Ethyl cellulose.
and
35
As coloring in foods.
0.005% (combined total)
As an antioxidant in dry mixes for making prepared foods. As antioxidants in breakfast cereals.
0.005% of copper in total daily ration. 5% . . .
In mineral mixtures used in concentrated animal feeds. In bakery products.
300 part s per million. . . . 35% by
In salt blocks for animal use. In dry vitamin preparations for animal feed and human food use. In foods as an acidulent, flavoring, and leavening agent. In frozen desserts (other than water ices), as an emulsifier.
million pai ts per (base \ on annatto solids). 0.001% (combined total)
0.3% . Polyoxyethylene monooleate. Polyoxyethylene monooleate. Polyoxyethylene monooleate. Polyoxyethylene monooleate.
(20)
sorbitan
0.1% .
(20)
sorbitan
0.1%
(20)
sorbitan
0.05%
(20)
sorbitan
Polyoxyethylene monostearate. Polyoxyethylene monostearate. Polyoxyethylene monostearate. Polyoxyethylene monostearate. Polyoxyethylene monostearate. Polyoxyethylene monostearate.
(20)
sorbitan
(20)
sorbitan
0.45%
In cake icing, as an emulsifier.
(20)
sorbitan
0.5% .
In confectionery coating, as an emulsifier. In sugar confectionery pan coatings, as an emulsifier. In whipped topping, as an emulsifier. As an emulsifier in flavored foods when used at rate not to exceed nine parts by weight per one part of flavor. In frozen desserts (other than water ices), as an emulsifier.
Polyoxyethylene tristearate. Polyoxyethylene tristearate. Quinine sulfate. Sorbitan
.
when used at rate not to exceed nine parts by weight per one part of flavor. 0.475%
(20)
sorbitan
0.2% .
(20)
sorbitan
0.4% .
(20)
sorbitan
(20)
sorbitan
(20)
sorbitan
0.1%> . 0.1% . 0.01%
monost earate
Sorbitan monostc\irate in combination with polyoxy ethylene (20) sorbitan monostearate. Sorbitan monostcjarate in combination with polyoxyethylene (20) sorbitan monostearate. Sorbitan monostc arate in combination with polyoxyethylene ( 2 0 ) sorbitan monostearate.
emulsifier. In pickles, as an emulsifier.
0.475% 1.0% 0.4%
..
emulsifier. As flavoring agent in carbonated beverages. when used at rate not to exceed nine parts by weight per one part of flavor. In cakes, as an emulsifier. In confectionery coating, as an emulsifier. In whipped topping, as an emulsifier.
MARCH
14,
1960
C&EN
25
BRIEFS The Census Bureau will try to find out w h a t t y p e of w o r k e a c h p e r s o n
14
years of age or older is doing in every fourth household it surveys when the 1960 population survey gets under way in April. The bureau hopes that its question on occupation will be answered completely and precisely so that its statistics on scientific and technical manpower can be developed as accurately as possible. In most cases the answer should consist of at least two words, such as: biological chemist, inorganic chemist, processing chemical engineer, ceramic engineer, director of chemical laboratory, or the like.
Diamond Crystal Salt must sell its Seneca Lake, N.Y., property and mining rights adjacent to it within six months, according to a Federal Trade Commission consent order. Other provisions: For the next 10 years, Diamond may not acquire any interest in any producer or distributor of any form of salt; it must offer to qualified salt producers 30% of the rock salt mined at its Jefferson Island, La., plant; after 10 years, it must give 90 days notice and fully disclose to FTC any plans to buy or sell any interest in a salt distributor or producer. FTC charged that Diamond's acquisition of Jefferson Island Salt Co. two years ago violated Federal antimerger laws. Jefferson previously owned the properties covered by the FTC order.
Raychem Corp., Redwood City, Calif., has just completed negotiations to acquire Bentley-Harris Mfg. Co., Consnonoclcen, Pa., lor 5 0 , 0 0 0 shares or
Raychem stock, Bentley-Harris makes glass fiber sheeving. Raychem makes irradiated electrical and electronic insulations and components.
Thiokol will build another Guardian prepackaged liquid rocket engine under a $2 million contract with the Navy. This one, Guardian III, will have more than twice the power of Guardian II, which is already in production.
Ferro Corp. buys Vitro Corp.'s Vitro Mfg. Co. division for about $500,000. Vitro Mfg.'s products—glass and overglaze colors, glaze stains, a n d celain enamel oxides—round
porout
Ferro's line of colors for porcelain enamel, clayware, and plastics.
Foote Mineral buys 670 acres of land in the New Johnsonville, Tenn., area as a possible site for a new electrolytic manganese plant. Foote now operates two similar plants in Knoxville, Tenn.
NEW FACILITIES Vick Chemical acquires all capital stock of Clearasil Inc., White Plains, N.Y. Clearasil is a proprietary drug firm specializing in products for treatment of acne, pimples, and blackheads.
Food Machinery and Chemical will drop "Westvaco" from the names of two divisions, which will become the Chlor-Alkali and Mineral Products divisions, effective April 1. Products of these divisions will be called FMC chemicals in the future.
Columbian Carbon will build Canada's second carbon black plant, near Toronto. Initial capacity will be 40 million pounds of oil furnace black per year. The new plant will be operated by Columbian Carbon (Canada) Ltd., which makes printing inks and carbon black dispersions, but does not now produce its own raw materials. At present, Canada's only domestic source of carbon black is Cabot's 80 million pound-per-year plant at Sarnia, Ont.
Bendix Aviation will change its name to Bendix Corp. effective about June 1. The company hopes the new name will avoid the impression that it operates only in the field of aviation. Bendix also produces a number of nuclear, missile, electronic, automotive, and other industrial products, company spokesmen point out.
American Medical Association is undertaking a study on the cost of medical care. A "commission on the cost of medical care" is now being set up to look into costs of drugs, doctors' fees, health insurance premiums, and other medical costs. The commission is expected to be functioning this spring. 26
C&EN
MARCH
14,
1960
Record Sulfur Shipment Heads for Europe Freeport Sulphur loads the new Norwegian vessel H. L. Lorentzen with 20,900 long tons of sulfur—the largest single sulfur shipment ever made—at Port Sulphur, La., on the lower Mississippi River. The sulfur, destined for Rotterdam, the Netherlands, and Hamburg, West Germany, tops the previous record shipment of 18,355 long tons made by Freeport Sulphur in 1958. The H. L. Lorentzen, on her maiden voyage, is single decked and has an over-all length of 563 feet. Her six holds have a dead weight capacity of 22,600 tons.
U.S. Rubber's Naugatuck Chemical division will build a technical center near its plant at Naugatuck, Conn. Construction starts the middle of this year, with completion scheduled for 1961. The center will expand facilities for new product development and for technical service. It will be staffed with about 100 scientists and technicians from the division's R&D department.
Pittsburgh Coke & Chemical's U.S. Concrete Pipe Co. subsidiary begins construction of a vitrified clay pipe plant at Ocala, Fla. The $2.5 million plant will be the fifth clay pipe plant operated by the company and will serve markets in Florida.
Badger N. V.f The Hague, subsidiary of Badger Manufacturing Co., Cambridge, Mass., will build a $2 million phthalic anhydride plant for Union Chimique Beige S.A., Brussels, Belgium. The 5000 metric-ton-per-year plant will be located at Schoonarde and will use naphthalene as the raw material. Badger is now building a 10,000 metric-ton-per-year phthalic anhydride plant at Cengio, Italy for Aziende Colori Nazionali Affini.
Electro Metallurgical Co. division of Union Carbide Canada, will expand production facilities at its Welland, O n t , and Beauharnois, Que., plants. The company will boost its capacity for silicon alloys by 5000 tons per year by installing a new rotating hearth electric furnace at Beauharnois. Design of the furnace will allow capacity to be upped to 7000 tons per year, if demand warrants. The furnace is being manufactured by DemagElektrometallurgie, Duisburg, West Germany. Expansion at Welland includes facilities to make prebaked carbon electrodes for the Beauharnois furnace.
Western-Knapp Engineering Co. begins building a $17 million copper flotation concentrator for American Smelting and Refining Co.'s Mission Project near Tucson, Ariz. Annual throughput of the mill will be 5.4 million tons, producing about 45,000 tons of copper per year. Completion is scheduled for Sept. 1, 1961.
Walter C. McCrone Associates will open its new Chicago laboratory for x-ray diffraction, microscopy, and other physical methods of analysis on April 1. The move will allow expanded studies of structures, crystallography, and air pollution.
MORE ACCURATE
Continental Carbon's new carbon black unit at Westlake, La., is now on stream. The new unit boosts Continental's Westlake capacity by 25 million pounds to 70 million pounds per year of furnace black.
Carbide Chemicals Co. will double capacity for ethylene oxide and derivatives at its Montreal East plant. The company, a division of Union Carbide Canada, expects to complete the expansion in the first quarter of 1961. An expansion started earlier at Montreal East, to be completed later this year, will raise polyethylene capacity to 65 million pounds a year.
Bausch & Lomb
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FINANCIAL Nuclear Materials and Equipment Corp., Apollo, Pa., plans to offer 45,000 shares of common stock to pay for new equipment and production facilities, estimated to cost $750,000. Balance of money obtained through the stock offering will be added to working capital. Nuclear Materials produces, fabricates, and develops chemical, metallurgical, and ceramic materials used in nuclear reactors. The company is now expanding production and fabrication facilities at its Apollo, Pa., plant and completing a new plutonium laboratory
See for yourself! Mail information
and free
coupon for demonstra-
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Commercial Solvents has increased its quarterly cash dividend to 10 cents a share with the payment of March 3 1 . Last year the company paid stockholders 5 cents each quarter plus a 5-cent extra cash dividend and a 2% stock dividend at the end of the year.
Shield Chemical, Toronto, Ont.. manufacturer of pharmaceuticals and fine chemicals, is offering 95,000 shares of its common stock, priced at $1.50 each. Prior to the new issue, the company had 224,000 shares of stock outstanding.
line
refractometers.
BAUSCH & LOMB j I I | I I I
BAUSCH & LOMB OPTICAL CO., 7 4 8 0 3 Bausch St., Rochester 2 , N. Y. Send me complete data on the following B&L Refractometers: • Precision D Industrial • Hand • Abbe-3L n Butyro D Juice • High Range Abbe-3L • Dipping • I'd like a demonstration of the models checked
j
above
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j
COMPANY
|
ADDRESS
I
CITY
ZONE
STATE
M A R C H 14, 1960 C & E N
27
