NEWS EDITION
AUGUST 2 0 , 1 9 3 8 cited b y t h e manufacturers are quick venting, large capacity, and low main tenance cost. B8-219. IRVING
GRATING.
An 8-page
bulletin
describes grating and stair treads manu factured under this well-known name. Illustrations show standard types of gratings and floor treads, together with some installation photographs. A safe load table will b e found interesting. There is also a table giving panel widths of the different types of grating. B8~ 216. LAWRENCE
CENTRIFUGAL
PUMPS.
This
4-page bulletin is practically a speci fication sheet on double-section, hori zontally split type of pump marketed under this name. The pump i s re ferred t o a e a "general purpose" pump because of its adaptability t o a wide range of work. Detailed specifications, line drawing, and dimension table make this a particularly informative bulletin. B8-217. NEOPRENE NOTEBOOK. Under this title the manufacturers have issued an inter esting 4-page booklet. Its main pur pose is t o describe products made from Neoprene and t o discuss physical and chemical characteristics of Neoprene compounding materials. B8-218.
467
TWO-STAGE CENTRIFUGAL· P U M P .
A 16-
page booklet gives complete specifica tions and operating characteristics for this type of pump produced by a wellknown manufacturer. Pumps de scribed are 2-stage ball-bearing units designed t o operate a t modern motor and turbine engine speeds. They are available in capacities from 100 t o 2200 gallons per minute for discharged heads up t o 800 feet. A split section photo graph is used effectively t o show con struction features. In addition, there are useful tables on performance, pipe friction, and an interesting computa tion of a typical pumping problem. B8-220. W O O D T A N K AND P I P E CATALOGS.
The
Wood Pipe Handbook contains 275 pages and: over 150 illustrations. T h e subject matter ranges from an authori tative section on hydraulics to a de scription of the manufacture and appli cation of wood pipe. Especially valu able is a section in which problems en countered b y engineers are solved both scientifically and through the use of flow tables prepared especially for this handbook. I n convenient pocket size, this book will prove exceedingly handy, as well as useful. B8-221.
The WALL STREET of CHEMISTRY ABBOTT LABORATORIES.
For t h e first
six months of 1938 the company and sub sidiaries show net profit of $841,485 after depreciation, reserves for development of new territory, income taxes, and undis tributed profit tax reserves, equal after dividend requirements on 4.5 per cent pre ferred to $1.24 on no-par common. This compares with net income of $865,335 after similar charges except undistributed profits tax, or $1.35 a share in t h e first half of 1037. N e t sales for the first six months of 1938 totaled $4,595,000, against $4,620,000 in the first half of 1937. For 12 months ended June 30, 1938, net profit was $2.40 a share on common, compared with $2.50 for t h e 12 months ended June 30, 1937. A I R REDUCTION C O . , INC., and subsidi
aries for t h e quarter ended June 30, 1938, show net profit of $888,757 after depre ciation, federal income taxes, etc., equal to 35 cents a share on common. This compares with $2,289,498 or 90 cents a share in t h e June quarter of 1937 and 31 cents a share in t h e March quarter of 1938. For t h e six months ended June 30, 1938, net profit was $1,684,347 or 66 cents a share. AMERICAN COMMERCIAL ALCOHOL C O .
and subsidiaries for the six months ended June 30, 1938, show net profit of $78,685 after interest, depreciation, federal income taxes, and reserve of $68,200 for estimated unrealized profit on sales subject to de ferred delivery. This is equal, after sub sidiary preferred dividends, t o 10 cents a share (par $20) on common, and compares with net profit of $422,059 or $1.52 a share in t h e first half of 1937. AMERICAN
CTANAMID
C O . and
sub
sidiaries for six months ended June 30, 1938, show net profit of $524,649 after depreciation, depletion, research and proc ess development expenses, interest, amor tization, federal income taxes, minority
interest, etc. This is equivalent, after dividends on preferred stock, t o 19 cents a share on combined Class A and Β com mon, and compares with $2,844,325 or $1.13 a share in t h e first half of 1937. For t h e quarter ended June 30, 1938, net profit was $430,572, compared with $1,479,685 in the June quarter of 1937 and $94,077 in the preceding quarter. AMERICAN ZINC, L E A D , A N D SMELTING
Co. and subsidiaries for the quarter ended June 30, 1938, report net loss of $64,687 after depreciation, depletion, and federal income taxes, compared with net profit of $81,074 or $1.25 a share o n prior pre ferred stock in the June, 1937, quarter and net profit of $13,053 or 20 cents a share on prior preferred shares in the quarter ended March 3 1 , 1938. For six months ended June 30,1938, net loss was $51,634. CONSOLIDATED CHEMICAL
INDUSTRIES,
INC., reports for the quarter ended June 30, 1938, net profit of $64,897 after de preciation, normal federal income taxes, etc., equivalent to 27 cents a share on Class A stock. This compares with net rofit of $317,147 in the quarter ended une 30,1937, and $101,858 in the quarter ended March 3 1 , 1938.
S
D o w CHEMICAL C O . and subsidiaries
for t h e fiscal year ended M a y 3 1 , 1938, shows net profit of $3,895,269 after inter est, depreciation, federal income and un distributed profits taxes, minority interest, etc., equal after preferred dividend re quirements t o $3.91 a share on no-par common. For the year ended May 3 1 , 1937, net profit was $4.089,113 or $4.15 a share on common. Current assets a* of M a y 31,1938, amounted t o $13,276,543 and current liabilities t o $3,343,732, com pared with $12,924,256 and $3,708,223. respectively, on May 31, 1937. Funded debt consists of $5,000,000 3 per cent debentures. During the year total additions to plant and property amounted t o $4,469,388.
Dividends totaling $3.00 per share were paid on common. N e t sales for the period were $24,871,196. EASTMAN KODAK C O . for 24 weeks ended
June 11, 1938, shows net profit of $7.051,673, after depreciation, federal and for eign income taxes, provision of $488,849 for reduction of securities t o market value, etc., equivalent, after dividend require ments on 6 per cent preferred stock, to $3.05 a share on no-par common. This compares with net profit of $11,475,066 for 24 weeks ended June 12, 1937. Profits were adversely affected by decreased sales of acetate products used principally in the textile ana automotive industry, but re cently there has been a marked improve ment in this division. FIRESTONE T I R E & R U B B E R C O . has
announced that it will redeem September 1 all the 15-year sinking fund 5 per cent gold bonds of Firestone Tire & Rubber Co. of California amounting t o $5,500,000 and $600,000 of t h e 20-year 5 per cent sinking fund gold bonds of Firestone Cot ton Mills. This nearly halves Firestone's outstanding subsidiary funded debt of $13,300,000. OENERAL· REFRACTORIES C O . for
the
quarter ended June 30, 1938, shows net lose of $37,933 after depreciation, de pletion, interest, amortization, federal and state income taxes, etc., compared with net profit of $366,393 or 78 cents a share in t h e June quarter of 1937. For six months ended June 30, 1938, net profit was $66,673 or 14 cents a share, compared with $1,067,293 or $2.27 a share in t h e first half of 1937. During t h e first half of 1938 bonded indebtedness bas been reduced from $2,100,000 t o $1,950,000, and authorization has been given to reduce t h e bonds outstanding as of January 1, 1939, t o $1,800,000. HAZEL-ATLAS GLASS C O . and subsidi
aries for t h e quarter ended July 2, 1938, show net profit of $691,444 after depre ciation, federal income taxes, etc., equiva lent t o $1.59 a share on par $25 stock. This compares with $900,172 or $2.07 a share in t h e quarter ended July 3 , 1937, and $255,803 or 5 9 cents in the quarter ended April 2 , 1938. INTERNATIONAL·
NICKEL
Co.
reports
net profit of 4 2 cents a share for t h e quarter ended June 30, 1938, compared with 66 cents a share in t h e first quarter. For the six months ended June 30, 1938, net profit was $16,732,251, compared with $25,914,352 in t h e first half of 1937. JOHNS-MANVILLE
CORP.
and
subsidi
aries for t h e quarter ended June 30, 1938, show net profit of $214,578 after deprecia tion, depletion, federal income taxes, etc., equivalent, after dividend requirements, o n 7 per cent preferred stock t o 10 cents a share on no-par common. This com pares with net profit of $1,789,415 in t h e quarter ended June 30, 1937, and net loss of $239,475 in t h e quarter ended March 31,1938. LEHN & F I N K PRODUCTS CORP. for six
months ended June 30, 1938, shows net profit of $154,796 after charges, federal income taxes, etc., equivalent t o 38 cents a share on par 35.00 stock. This com pares with $238,130 or 59 cents a share in the first half of 1937. For t h e quarter ended June 30, 1938, net profit was $50,905 or 12 cents a share. LIBBEY-OWENS-FORD
GLASS
C O . re
ports a net loss of $50,352 in the quarter ended June 30, 1938, compared with net loss of $371,527 in the March quarter and net income of $3,610,484 in t h e June quarter of 1937. Sales for the past three months were progressively better.
INDUSTRIAL A N D ENGINEERING CHEMISTRY
468
LINK-BELT C O . and subsidiaries for the
six months ended June 30, 1938. report net profit of $382,352 after depreciation, normal federal income taxes, interest, etc., equivalent after dividend requirements on 6.5 per cent preferred stock, to 41 cents a share on no-par common. This compares with $1,728,585 or $2.41 a share in t h e first half of 1937. For the quarter ended June 30, 1938, net profit was $148,262 or 14 cents a share. LIQUID CARBONIC COBP. for the quarter
ended June 30, 1938, reports net profit of $594,780 after interest, depreciation, in come taxes, etc., equal to 85 cents a share on no-par common. This compares with net profit of $788,556 or $1.12 a share in the June quarter of 1937 and $116,742 or 16 cents a share in the quarter ended March 31, 1938. For the nine months ended June 30, 1938, net profit was $696,985. NATIONAL GYPSUM Co. and subsidiary
report for the six months ended June 30, 1938, net profit of $395,503 after deprecia tion, deplet ion, interest, taxes, etc., equiva lent, after dividend requirements on 7 per cent first and 5 per cent second preferred stocks, to 20 cents a share on common (par $1.00). This compares with $509,880 or 30 cents a share in the first half of 1937. NATIONAL LEAD C O . for six months
ended June 30, 1938, reports net profit of $1,804,864 after federal income taxes, depreciation, depletion, etc., equivalent after preferred A and Β dividend require ments to 27 cents a share on common (par $10). This compares with $5,192,266 or $1.36 a share on common for the six months ended June 30, 1937. N E W JERSEY ZINC Co. reports for the
quarter ended June 30, 1938, net profit
of $734,262 after federal income taxes, depreciation, depletion, etc., equivalent to 37 cents a share on (par $25) common. This compares with $2,181,941 or $1.11 a share in the June quarter of 1937 and 33 cents in t h e March quarter of 1938. PARKE, DAVIS A Co. and subsidiaries
report for six months ended June 30, 1938, net profit of $3,903,841 after de preciation; amortization of patents, foreign exchange losses, federal income taxes, etc., equal to 79 cents a share on no-par common. This compares with net profit of $4,419,370 or 90 cents a share in the first half of 1937. For the quarter ended June 30, 1938, net profit was $1,600,091, or 32 cents a share.
VOL. 16, NO. 16
SHARP & DOHME, INC., for the quarter
ended June 30, 1938, report net profit of $27,597 after taxes, depreciation, etc., equal to 12 cents a share on $3.50 cumulative convertible preference stock. This compares with $162,190 o r 70 cents a share on preference stock in June quarter of 1937 and $174,935 or 76 cents a share in the quarter ended March 31, 1938. For six months ended June 30, 1938, net profit was $201,532 compared with $701,675 in the first half of 1937. TEXAS GULP SULPHUR CO., INC., for the
PENICK & FORD, LTD., INC., and sub-
three months ended June 30, 1938, reports net earnings of $1,875,444, or 48.8 cents a share on common. For the twelve months ended June 30, 1938, net earnings amounted to $9,426,963.
PROCTER & GAMBLE C O . for the fiscal
subsidiaries for the quarter ended June 30, 1938, show net profit of $3,721,725 after interest, depreciation, federal income taxes, etc., equal t o 41 cents a share on common. This compares with $10,505,140 or $1.17 a share in the June quarter of 1937 and $4,209,333 in the quarter ended March 31, 193S.
sidiarv report for the quarter ended June 30, 1938, net profit of $185,686 after depreciation, federal income and capital stock taxes, etc., equivalent t o 50 cents a share on no-par common. This compares with net loss of $54,340 in the June quarter of 1937 and net profit of $368,890 tor the quarter ended March 31,1938.
year ended June 30, 1938, reports net profit of $17,439,194 after depreciation, federal income taxes, surtax on undis tributed profits, etc., equal after dividend requirements on 8 and 5 per cent preferred stocks to $2.60 a share on no-par common. For the year ended June 30, 1937, net profit was $26,803,340, equal to $4.07 a share on common. Gross sales for the year were $221,143,925, compared with $229,975,444 in the previous year. Cur rent assets as of June 30, 1938, were $85,333,818 and current liabilities were $13,310,346, compared with $92,381,968 and $16,007,653, respectively, June 30, 1937.
I NOW COMPLETE
UNION CARBIDE AND CARBON CORP. and
UNITED CARBON Co. and subsidiaries
for the six months ended June 30, 1938, report net profit of $813,049 after federal income taxes, depreciation, and depletion but before surtax on undistributed profits, equal to $2.04 a share on common. This compares with $1,365.368 or $3.43 a share in the first half of 1937. For the quarter ended June 30, 1938, net profit was $374,685 or 94 cents a share. U. S. INOUSTRIAL· ALCOHOL Co. and
subsidiaries for six months ended June 30, 1938, show net profit of $4255 after taxes, depreciation, etc., equal to one cent a share on no-par common.
Chemists! have you ordered this time-saving ΊΙ amen, reference work for your laboratory or library — ? Jj —
I N THREE SECTIONS Heilbron's
DICTIONARY OF ORGANIC COMPOUNDS Vol. I : Abietic Acid — Dypnone Vol. II : Eccaine — Myrtillin Chloride Vol. I l l : Naphthacarbazole — Zygadenine Three Large Quarto V o l u m e · , Totalling 2550 P a g e ·
$75.00 the set, or $30.00 per volume Prospectus on rtovest
OXFORD UNIVERSITY PRESS, 1 , 4 ί Ι Ϊ * Λ Τ Ι ' Μ
Hoke valves are sensitive, reliable and safe. T h e V-point valve illustrated permits very fine adjustment of small flows. This valve is made of forged brass with stainless steel needle. Hoke needle valves are made in brass, cold rolled steel, stainless steel, etc. Valves for special purposes can be made t o your specifications. Bulletin N-Z8 describes Hoke Valwes H A I M
f rtf»
12*
by George W . Morey, Ph.D. Stronger than steel, more elastic than rubber, glass is already challenging the supremacy of cotton and steel in the textile and construction fields. This book is an authoritative critical discussion of how the properties of this amazing material are affected by its chemical composition. A wealth of data is given in tabular form. There is exhaustive study of the rela tion of the phase rule to glass structure and the anomalous status of glass as a form of matter is clarified. Engineers, chemists and physicists will find this an extremely important volume. About 575 Pases
Price $12.50
Reinhold Publishes Corp., 330 W. 42 St. New York
Α Γ . TYPES OF 4 U MEYLAN STOP WATCHES
Needle Valves
Your dealer
New A.C.S. Monograph for Sept. PROPERTIES OF GLASS
F t f l h
Avenu·
A w a t c h for every purpose Let us send folder N o . 8A fully illustrating and describing some 40 types of stopwatches. N o salesmen will call. or a REPAIR \ ^ ^ ^ n c ^ s ° f plain a n d complicated c r D V i n v ι stopwatches. Send to u s for estid L K V i w { mates; no charge, no obligation. A. R. & J . E . MEYLAN ••Specialists in timing instruments0* 264-68 West 40th St., New York City, Ν. Υ .
NEWS EDITION
A U G U S T 20, 1938
Use
469
EASTERN
PH
VARIABLE SPEED STIRRERS for B E T T E R results LOW in price HIGH in quality Cut shows Model 3 1/100 H . P . C o m p l e t e with Monel Propeller
CHLORINE and PHOSPHATE CONTROL EQUIPMENT
TAYLOR S L I D E COMPARATOR
PRICE, $13.50
All our comparators are molded from plastic and work on the slide principle.
Prices f r o m $8.00
Color standards are enclosed in a plastic slide—no individual standards to be handled.
Other M o d · ! · i n S i s e · u p t o 5 H. P. WRITE U S FOR CATALOG
Built by experts in Mixing Equipment Design
Precision Temperature Regulator
All Color Standards Guaranteed for 5 years Determinations are made by sliding the standards in front of the test samples until a color match is ob tained and reading the pH, chlorine or phosphate content from the values on the slide. Modern pH and Chlorine Control A 65 page handbook containing a simple explanation of pH control (both colorimetric and electrometric), its practical application to numerous problems, and descriptions of our equipment for colorimetric control of pH, phosphate and chlorine. Also 50 page catalog describing the Coleman Glass Elec trode. Copies sent free on request.
W. A. TAYLOR & CO., INC. 877 Linden Ave.
"THE THERMOMETER WITH BRAINS" An accurate, inexpensive thermoregulator for incubators, water baths, oil baths, organic reaction mixtures and for general laboratory use. The heat sensitive element which responds to temperature changes of 1/50 degree C . is a vapor-mercury type only slightly larger than a thermometer. Temperature range up to 350 C. Temperature set ting and adjustment is simple and positive. Requires only a few moments to set up, or to move from one operation to another. Relay unit is available for 110 volt 60 cycles A. C. and also for 110 volt D. C. It will handle heaters up to 660 watts. Low price is within range of every laboratory.
Baltimore, Md.
THE < 5 ^ GASOMETER... r ^ i ^ INDUSTRIAL, /
/
C
hy
£ O M M £ R C ! A L
Price $18.50 f . o . b . New Haven Complete with relay, two extra glass bulbs and bottle o f mercury. Fully guaranteed. Prompt delivery. Further details on request.
EASTERN ENGINEERING COMPANY 51 F o x S t r e e t , N e w H a v e n , C o n n .
METHYL· ACETATE Technical and C· P . Grades
φ Gas storage in the laboratory ceases to be a problem with the installation of an Ohio Gasometer. Embodying all the features of previous types of storage e q u i p m e n t the Ohio Gaso meter presents a "plus value" because of several definite and tangible improvements. Notably these are: 1. Gas leakage minimized.
ior—
2 . Lose ol sealing fluid due to splashing over, pre· vented.
Laequer Solvent and Extraetant of Essential Otis
mm
3 . Sealing fluid cannot get into lines. Available in 1,2,4,6,8. 10,15» 25, and 30 cubic foot capacity.
BbTlACET CHEMICALS CORPORATION
Sjles O f f i c e j n d P l j n t
Ρ D
B". i£·'
Nuqj-.i
Fji's.'N
Y
Let us know your requirement Write for catalog and prices.
||MÉ O H I O
EHEMICAL & M F G .
ilt^l|i|rtféett*;jSM4»t^
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m^MW^âMÊi^âîkM:^ w •? «-^ΪΪΛΑ^Λ»
B!ΫM
INDUSTRIAL AND ENGINEERING CHEMISTRY
470
VOL. 16, NO. 16
Production will not be interrupted by the change in ownership. The Biological and Research Laboratory of The vitab Corp. remains in Berkeley, Calif.; also the Chemical Laboratory at the Emeryville plant. Amsco Alloy Pump Parts Resist Corrosion HE metallurgical laboratory of the New Flameproofing Material American Manganese Steel Division of Available The American Brake Shoe & Foundry NEW product, Abopon Special, is now Co., Chicago Heights, 111., has found that available for flameproofing textiles, several grades of their Amsco alloy of paper, wood, leather, etc. It is a dry mate chromium-nickel compositions success rial which is handled easily and which fully resist corrosion when used for pumps practically eliminates "after-glow" on such handling corrosive liquids. hazardous materials as kapok, plush, vel vet, cotton-batting, etc. Although this material is not water proof it dissolves but slowly when exposed to rain. Where permanent waterproofness is necessary, users first apply it to the material to beflameproofedand allow it to dry (it dries quickly). Then they coat with a waterproofing, such as lacquer or varnish, which adheresfirmlyto the flame proof coating. Thus the flameproofing is protected against rain, etc. When a flame is applied to the treated material, the thin lacquer burns off quickly, pro ducing aflashflamethat vanishes quickly while the material underneath does not catch fire. AMSCO ALLOT PUMP PARTS Because of its low price this method of flameproofing can be used wherever a Used extensively for some time on fire hazard of this nature exists. Abopon pumps handling sulfurous mine water Special has been thoroughly tested and with immunity from corrosion, Amsco al materials treated with it have been tested loy is being applied to pumps for handling and approved by fire departments and other corrosive liquids in chemical plants other authorities. Abopon Special (pat and processing departments industrial ents pending) is manufactured and dis plants generally. Chemical of pump parts tributed by the Glyco Products Co., Inc., of Amsco Alloy F-10, which contains 26 to 148 Lafayette St. New York, Ν. Υ. 28 per cent chromium and 10 to 12 per cent nickel, are shown, including the pump shell, impeller, and side plates. Nopco Acquires Vitab
T
Particle Sizer
A
C Church St., New York, Ν. Υ., has placed upon the market the Palo-Travis OLLOID EQUIPMENT
CO.,
INC.,
50
particle sizer. This new apparatus is the simplest and lowest priced of any of its kind on the market at present and af fords an opportunity for many laboratories and plants to equip themselves with a means for determining the particle size of materials in process or theirfinishedprod uct. Particle sizes to 325 mesh (44 microns) may be determined by screen tests. Below 44 microns other methods become necessary. The Palo-Travis particle sizer operates on the principle that dispersed particles of dimensions exceeding the colloidal in a confined fluid medium tend to settle under force of gravity, and the rate of sedimentation proves the means of meas uring particle size. It suffices, then, to measure accurately the rate of sedimenta tion. The sizer consists of a large glass tube providing a height of fall slightly over one meter. There is a mixing chamber, a sedimentation measuring tube, and suitable optical equipment enabling one to read sediment heights in fractions of a millimeter. There is a small electric tapper and an illuminating unit, as well as an electric stopcock.
XPANSION of the manufacturing and E service facilities of the vitamin divi sions of the National Oil Products Co. by
Hercules Cellulose Acetate Plant HE Hercules Powder Co. has just com the purchase of the plants of the Vitab pleted at Parlin, N. J., a modern cel companies, California corporations, has lulose plant, which is now in pro been announced by Perc S. Brown, vice ductionacetate on a large-volume basis. Quality president of the Harrison, N. J., company. of product and smoothness of operation With the acquisition of the Vitab com are the outstanding features of the new panies, the National Oil Products Co. ex plant, which is making cellulose acetate tends its vitamin operations into all mainly forfilm,rayon, plastic, and lacquer. phases of the food, dairy, baking, pharma ceutical, drug, and animal husbandry in dustries. The former Vitab companies Patent Issued for Producing Tin Plate are being dissolved. The Vitab Corp., HE U. S. Patent Office, has issued to the new corporation, is capitalized at Blaw-Knox Co., Pittsburgh, Pa., a $500,000 and becomes a wholly owned sub patent on a method of producing tin plate. sidiary of the National Oil Products Co. This method makes it possible to produce Plants are at Emeryville and San Fran a sound, adherent tin coating with the cisco, Calif. of less tin than is required by pre Officers of The Vitab Corp. are: Charles use P. Gulick, president: Perc S. Brown, viously used methods. vice president : Ralph Wechsler, treasurer; and A. A. Yetter, secretary. ASTERN STATES PETROLEUM Co., one The Vitab Corp. will operate the plants of the largest independent refiners on at its present locations and will become a manufacturing unit only with Nopco the Gulf Coast, has acquired a more liberal as the sales unit for vitab products. type of license from Gasoline Products In the Emeryville, Calif., plant, a com Co., Inc., to cover its pyrolytic cracking plete line of concentrates of the vitamin Β operations. The rights obtained under complex from a rice bran source will be this license included, among numerous produced. These products are designed others, a license under the Benimer clean for use by the food, pharmaceutical, and circulation patents owned by The Texas Co. allied industries.
T
T
E
Milwaukee Expects You September 5, 1 9 3 8
