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

sales company show net income of $3,881,564 after deduction of taxes, depreciation, etc., for the first half of 1935. After dividend requirements ...
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I N D U S T H I A L AND E N G I N E E R I N G

324

Manufacturers 9

CHEMISTRY

Publications

Publications mentioned in these -columns will be sent free, unless o-therwise noted, by the firms issuing them, to readers of INDUSTRIAL, AND ENGINEERING CHEMISTRY who request them on their business stationery. In writing it will be appreciated if you will mention INDUSTRIAL AND ENGI­ NEERING CHEMT8TRY. AIR-OPERATED

COMBUSTION

CONTROL.

Bulletin 102, 32 pages, describes a com­ plete combustion control system which automatically maintains steam pres­ sure, combustion efficiency, a n d furnace draft.

B A I L E Y M E T E R C O . , 1050 I v a n -

hoe Road, Cleveland, Ohio. ALUMINUM

AND I T S ALLOYS.

This

90-

is required, followed by t h e highest possible v a c u u m . B E A C H - R U S S C O . , 50 Church S t . , New York, Ν. Υ . SPECTROGRAPHS». New Hilger spectro­ graphs, Ε 4 8 7 and Ε 488, are discussed in a 4-page illustrated leaflet. ADAM HILGER, L T D . , 98 Kings Road, Camden Road, London, N . W. 1, England.

page bulletin gives a wealth of technical STEAM-ATOMIZING O I L B U R N E R S . This information about the v a r i o u s alloys of 12-page bulletin illustrates a type of aluminum. Among t h e subjects cov­ burner for u s e with h e a v y fuel oil or ered are t h e physical and chemical prop­ tar which is recommended for use in erties, annealing practice, and heat-treat­ boilers, stills, driers, and furnaces ment practice of h a n d l i n g wrought al­ where steam or compressed air is avail­ loys. Aluminum casting alloy is cov­ able for atomizing t h e oil. T h e first ered in a separate chapter a n d there is 4 pages of t h e bulletin present a detailed an appendix carrying more t h a n 30 discussion of the construction a n d per­ pages of tables of information on physi­ formance of the burner, together with cal a n d mechanical properties of t h e various alloys. ALUMINUM C O . O P the considerations vital to the selection of t h e proper type of burner. The bal­ AMERICA, P i t t s b u r g h , P a . ance of t h e bulletin gives illustrations BLACK ARROW S I N G L E - S T A G E C E N T R I F U ­ of installations, a s well as of parts for GAL PUMPS. This 6-page bulletin d e ­ various t y p e s of burners. NATIONAL scribes t h e operating features of this A I R O I L B U R N E R C O . , I N C . , Philadelphia, line of p u m p s a n d carries t h e usual Pa. dimension table. The p u m p s are built in sizes from 2 to 14 inches, inclusive, for capacities from 30 t o 10,000 gallons per m i n u t e a n d for heads ranging u p t o 300 feet. These p u m p s a r e of t h e double-suction, horizontal split casing type having a wide range of general use­ AIR R E D U C T I O N C O . , I N C . For t h e fulness. L A W E E N C E P U M P AND E N G I N E second quarter of 1935 t h e company re­ Co., P . O. Box 70, Lawrence, Mass. ports net income of S 1,254,324, after taxes, etc., equivalent to $1.50 a share o n no-par DIAPHRAGM P U M P . Bulletins 101 a n d stock. This compares with $1,254,008 102, just off t h e press, describe Shriver in the preceding quarter a n d SI ,216,532 in diaphragm p u m p s , with illustrations, and information o n operation a n d a p ­ the June, 1934, quarter. plication. T. SHRIVER & C O . , Hamilton ATLAS P O W D E R C o . T h e semi-annual St. a n d Franklin Ave., Harrison, N . J . statement shows n e t income of $233,690 for the first six months of 1935, compared LABORATORY G A S - T E S T I N O A P P A R A T U S . with $424,910 for t h e corresponding Catalog AG-2 carries 16 pages of infor­ period in 1934. Profit during t h e J u n e mation t h a t make it valuable to a n y o n e quarter amounted t o $234,447. interested in laboratory a p p a r a t u s for the testing of g a s . E q u i p m e n t d e ­ COMMERCIAL SOLVENTS CORP. and s u b ­ scribed covers t h e various s t a n d a r d sidiaries for trie quarter ended June 30, tests and includes calorimeters, equip­ 1935, show n e t profit of $534,794 after ment for making sulfur a n d ammonia federal taxes, etc., equivalent to 20.3 cents and hydrogen sulfide tests, wet-test per share, or 41.7 cents per share for t h e meters, dry governors, a n d specific six months ended June 30, 1935.

Financial News

gravity a p p a r a t u s .

AMERICAN M E T E R

Co., INC., 60 E a s t 42nd St., New York, Ν. Ύ . MICROSCOPE

ACCESSORIES.

A

48-page

illustrated booklet covers objectives, eyepieces, ampliplans, eyepiece holders, substage condensers, c a m e r a lucidas, micrometer disks and eyepieces, a n d miscellaneous accessories. BAUSCH & LOMB O P T I C A L C O . , Rochester, Ν . Υ. PROTECTIVE H A T S .

A n e w 4-page illus­

trated bulletin, No. D K - 3 , describes t h e complete line of industrial protective hats' of t h e M I N E S A F E T Y A P P L I A N C E S

Co., Braddock, T h o m a s , a n d Meade Sts., Pittsburgh, P a . ROTARY P U M P S .

An

attractive

4-page

folder with details and specifications- ·η the Beach-Russ line of rotary pumps. These include vacuum pumps t o pro­ duce high vacua, as well as liquid lumps for handling medium a n d heavy iquids. T h e line also includes acidresisting centrifugal pumps, rotary air compressors, and gas boosters. There is a brief description of t h e new VacChem type pump designed for v a c u u m distillation, evaporation, a n d for proc­ esses where extremely quick evacuation

CORN

PRODUCTS

REFINING

Co.

and

subsidiary sales company show net in­ come of $3,881,564 after deduction of taxes, depreciation, etc., for the first half of 1935. After dividend requirements on 7 per cent preferred stock, the earnings were equal to $1.19 a share on common stock ($25 p a r ) , compared with $4,402,165 in the first half of 1934. DEVOE

& HAYNOLDS

CO., I N C . , and

subsidiaries for the six m o n t h s ended M a y 31, 1935, s h o w profit of $201,585 after depreciation, etc., b u t before federal taxes, compared with a profit of $269,377 for t h e six months ended M a y 3 1 , 1934. A de­ cline of 25 per cent in profits in t h e face of 6 per cent increase i n sales is said t o be due primarily t o advance i n t h e cost of raw materials and increases i n labor costs a n d expenses. J u n e sales showed a n increase of 13 per cent. E. I . DU P O N T DE N E M O U R S & Co., I N C . ,

and subsidiaries showed a n e t income for t h e six months ended June 30, 1935, of $22,450,485, equivalent, after require­ ments for dividends on debenture stock, to $1.74 a s h a r e on common stock. This compares with $23,553,598 for t h e corre­ sponding period in 1934. Income fFom

V O L . 13, NO. 15

operations was more profitable than a y e a r ago, b u t income from investments declined considerably. Income on General Motors common stock was the same a s last year. FREEPORT

TEXAS

Co.

For

the

six

months ended June 30 earnings a r e esti­ mated a t 64 cents a share, compared with 72 cents in t h e six months ended Decem­ ber 31, 1934, a n d $1.04 in t h e first half of 1934. Operating difficulties at Grande Ecaille, La., caused by development of fissures in t h e lower rock structure, a n d similar t o those experienced a t another d e ­ posit t e n years ago, are said t o be r e ­ sponsible for the falling off in earnings, but have been practically solved. P r o ­ duction a t this deposit is back to normal. G L I D D E N C O . a n d subsidiaries report for eight months ended June 30, 1935, n e t profit of $1,720,780 after interest, d e ­ preciation, taxes, etc., equivalent after dividend requirements on 7 per cent cumu­ lative prior preference stock to $2.18 on no-par common stock. This compares with $1,226,157 in t h e corresponding period of the preceding fiscal year. HERCULES POWDER Co.

Net earnings

for the first six months of 1935 a m o u n t e d to $1,543,680, representing, after p a y ­ ment of $369,372 preferred dividends, $2.01 a share on no-par common stock. Corresponding figures for 1934 were $2.46 a common share a n d for t h e last six months of 1934 $1.48 a common share. For t h e quarter ended June 30, 1935, n e t profit was $746,620. MATHIESON

ALKALI

WORKS

(INC.)

for the quarter ended June 30, 1935, r e ­ ports n e t earnings of $297,672 after charges and taxes, as compared with $339,797 in t h e corresponding period of 1934. For the six m o n t h s ended June 30, 1935, net income amounted t o $647,853, com­ pared with $617,424 in t h e corresponding period of 1934, or 68 cents compared w i t h 67 cents in 1934. Increased depreciation and depletion reflect the inauguration of charges for t h e new works at Lake Charles, La., p u t into operation early in t h e year. General business booked by the c o m p a n y was somewhat better in July than in J u n e . T E X A S G U L F S U L P H U R C O . , I N C . , for t h e

three months ended June 30, 1935, showed net earnings of $1,914,302 after deprecia­ tion a n d amortization, o r 49.85 cents a share o n outstanding stock. UNION

CARBIDE

AND C A R B O N

CORP.

reports for the second quarter, ended' June 30, 1935, n e t income of $5,332,528, equal t o 59.25 cents a share on 9,000,743 shares. This compares w i t h 58.81 cents in t h e first quarter of 1935 a n d 53.10 in t h e second q u a r t e r of 1934. U . S.

INDUSTRIAL ALCOHOL C O . a n d

subsidiaries report for six m o n t h s ended June 3 0 , 1935, n e t income of $275,531 after depreciation, federal taxes, e t c . , equivalent t o 70 cents a share on no-par capital stock, compared w i t h $352,275 or 90 cents a share in t h e first half of 1934.

U. S. Delegates to Soil Science Conference HE United States Government accepted T the invitation extended through t h e British Ambassador t o be officially r e p ­ resented at t h e third conference of the I n ­ ternational Society of Soil Science at O x ­ ford, England, J u l y 30 t o August 6, a n d designated t h e following a s official dele­ gates: Jacob G. Lipman, R i c h a r d B r a d field, H a n s J e n n y , W. P . Kelley, C. E . Kellogg, W. C. Lowdermilk, C. F . M a r but, A. G. McCall, A. L . Patrick, Oswald Schreiner, a n d Charles F . Shaw.