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Sales planning c o n f e r e n c e of Victor C h e m i c a l Works held in Chicago . . . D u P o n t u n i t t o m a k e o r g a n i c p i g m e n t s . . . S n y d e r p l a n t for m a n u f a c t u r e of s y n t h e t i c resins and plastics completed at Bethel, Conn. . . . Pittsburgh Plate Glass Co. enlarges H o u s t o n paint plant "^7"ICTOR Chemical Works held its annual * sales planning conference in Chicago Feb. IS to 20, attended by all members of the field organization. Addressing the group on the first day on ''Victor Moves Forward", President Walter B. Brown outlined the company's growth probabilities in sales, in further diversification of products, and in manu facturing facilities. He stated that the plant under construction at Victor, Fla., should be producing next fall. Vice Presi dent Otto H. Raschke key noted the con ference by stressing that company policy is to operate on the buyer's market prin ciple. At the first session L. A. Kramer, technical service department, spoke on "Sodium Formate in the Tanning Indus try", explaining the reasons for its growing use. M. C. Kuzman, speaking on ''Am monium Phosphate vs. Fires", cited the increased use as flameproofing agent on textiles, a need recently emphasized by disastrous fires. H. E. Noelck discussed "The Sales and Laboratory Team", and J. M. Gillet, director of industrial research, "New Research Products", stating that marketing of several new products cannot begin until the supply situation in chemical raw materials eases. On Feb. 19 R. S. Mason, speaking on "Antibiotics, a New Market for Phos phoric Acid", described t h e advantages of using 75% phosphoric acid as an acidulant in the manufacture of penicillin. Β. Η. Hellen discussed "Oxalic and Formic Acids", and G. S. Purple "Mineral Forti fication". Other speakers were L. E.
Jackson, D. G. Brower, E. B. Larson, Herman Steen, I. E. Smith, Ε. Μ. Myers, W.N. Saaby, W. D. Webster, W. H. Weise, and M. R. Stanle}-. Mr. Stanley, manager of the planning division, acted as program chairman.
New Unit for Monastral Pigments Approval has been received by Du Pont from the Civilian Production Administra tion for construction of a new unit at Deepwater Point, N. J., to manufacture organic Monastral pigments. Employ ment for approximately 70 men will be provided when the unit is in full produc tion. The Monastral pigments include two brilliant blues and a brilliant green. Be cause of their high resistance to fading by sunlight, acids, alkali, and other condi tions destructive to colors, the pigments are in demand, especially by the manufac turers of building materials. A major por tion of the plant's production will be used in roofing granules for colored composition shingles, wall paper, linoleum, interior and exterior oil and cold-water paints, enamels and lacquers, as well as for drapery and other decorative fabrics. Development work on manufacturing processes and methods of utilizing Monas tral pigments has been carried on since 1933. Sufficient information had been gathered by 1940 to design a plant but the outbreak of war prevented its erection at that time. Limited production, primarily for war purposes, was achieved, but only
At Victor conference. Front row, left to right. T. G. Everett, secretary (second from left); W. D. Webster, vice-president in charge of finance; Rothe Weigel, executive vice president; Walter B. Brown, president; O. H. Raschke, vice presi dent and director of sales; F. A. Schwerdt, treasurer (second from right)
in temporary facilities under makeshift conditions. The new unit, when in operation, will supply adequate quantities of the pigments for home construction and renovation ac tivities and sufficient additional quantities may be produced to supply other impor tant uses. It is expected that construction will begin in April.
Perchloric Acid Discuss Safety
Producers Precautions
The safe handling and use of perchloric acid were discussed at a conference of producers held at The Chemists' Club in New York on March 12. The object of the meeting, arranged by the Manufacturing Chemists' Association, was to obtain in formation on the properties of this product and to issue a preliminary statement out lining the precautions to be observed in its handling and use. Steps were also taken to obtain detailed information from producers and consumers for use in pre paring a comprehensive and authoritative MCA manual of safe practices for the compound. Any producers or consumers who have pertinent data on the subject should contact the Manufacturing Chem ists' Association, 60S Woodward Build ing, Washington 5, D. C.
Snyder Chemical to Make Phenolic Kesins The recently formed Snyder Chemical Corp. has completed its first plant at Bethel, Conn., for the manufacture of synthetic resins and plastics, and has be gun production. Among the products to be manufactured are Synco phenolic res ins and emulsions of styrene and vinyl polymers, a new group of phenol-aldehyde resins characterized by an absence of color in the cured resin, rapid cure, lack of evolution of volatiles during cure, and freedom from odor and taste. The plant has an annual capacity of over 10,000,000 lb. Officers and members of the corporation include: Francis H. Snyder, president; Denton Anderson, vice president; H. L. Shepard, Jr., treasurer; John P. Sturges, sales manage)·; and L. Spiwak, plastics engineer. The research laboratories are at 420 Post Road, Larchmont, Ν. Υ.
Largest Crude Oil Pipe Line Planned Construction of the largest crude oil pipe line ever built with private capital is planned by the Texas Pipe Line Co. and the Shell Pipe Line Co. The 500-mile line will extend from the Permian'basin in West Texas and southeast New Mexico to Cushing, Okla. 782
C H E M I C A L
AND
E N G I N E E R I N G
NEWS
According to t h e announcement, t h e line will h a v e a normal daily capacity of 150,000 barrels. Construction is expected t o be completed in t h e first half of 1948. T h e plan calls for the line to originate at J a l , N . Mex., a n d proceed via Wink, Midland, Westbrook, and Wichita Falls, Tex., to Cushing where connections will be made t o the Texas-Empire Pipe Line Co. which operates to Lockport and Lawrenceville, III., a n d Kast Chicago, Ind. F r o m i t s origin t o Midland, Tex., t h e line will b e 20 inches in diameter. T h e next and longest section will be 22 inches and extend 251 miles to Wichita Falls. A 25-inch section will carry the load of crude oil 730 miles to Cushing. T h e T e x a s Pipe Line Co. will own 5 3 % of t h e line, Shell Pipe Line, 33V.*%, a n d other interests, 1 3 l / * % .
CHROMIC ACID at
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Tannin from Pecan Shells A t Weatherford, Tex., a new $100,000 p l a n t under the n a m e of the Texas T a n n i n g Extract C o . has j u s t been completed for the extraction of t a n n i n from pecan shells, lor use i n the leather and oil drilling in dustries. In t h e processing of pecans in the area, the i n d u s t r y has accumulated some 1,500 to 2,000 tons of shell, a n d t h e new plant is expected to use 25 to 30 tons of this w a s t e per d a y , with a weekly pro duction capacity of two t a n k cars of t a n nin. S p e n t shell from the extraction proc ess will still be suitable for supply to t h e t w o plants in Texas m a k i n g pecan shell charcoal. All t h e new e q u i p m e n t in the p l a n t is especially constructed in view of t h e cor rosion problems encountered in handling tannic acid. Leaches, t a n k s , and t u b s are of cypress with copper connections, p i p ings and fittings are of copper or brass, a n d p u m p s are copper lined.
Pittsburgh Plate Expands Houston
Chrome plating an aufo?nobi/e
Holds No Terrors For This ATLAS Piati ng Tank This construction is also proof against nitric and all other inorganic acids (except hydrofluoric), most organic acids, also solvents and oils. This t a n k is built of Z e r o k * - l i n e d steel, protected w i t h 4 " of a c i d proof b r i c k / joined w i t h V i t r e x , a n A t l a s a c i d - p r o o f cement. V i t r e x is also used f o r acid t o w e r s a n d stack linings, a n d w i t h s t a n d s t e m p e r a t u r e s up to 1 6 0 0 ° F. It is but one of a series of c e m e n t s s u p p l i e d b y A t l a s to t h e chemical a n d m e t a l industries. Atlas furnishes construction m a t e r i a l s proof against every i n d u s t r i a l l y used acid a n d a l k a l i . W h e t h e r your corrosion p r o o f i n g p r o b l e m involves floors, stacks, t a n k s , t o w e r s , ducts, d r a i n s o r n e u t r a l i z i n g a n d disposal pits, if can be solved satisfactorily and permanently w i t h A t l a s construction. A t l a s renders a complete service: design, materials a n d , if desired, i n s t a l l a t i o n . O u r Engineering Division w i l l g l a d l y m a k e recommendations a n d furnish p l a n s a n d estimates w i t h o u t o b l i g a t i o n . Contact a n Atlas representative a t our nearest b r a n c h . W r i t e our h e a d office h e r e at M e r t z t o w n f o r technical bulletin N o . T C - 3
Glass Plant
A $500,000 expansion program a t the P i t t s b u r g h P l a t e Glass Co.'s Houston, Tex., p a i n t a n d varnish manufacturing p l a n t h a s been announced b y E. D . Griffin, vice president in charge of the p a i n t divi sion. P r e l i m i n a r y construction work will begin i m m e d i a t e l y . Total floor space of the present plant, located on L i b e r t y Road, Houston, will be doubled to 120,000 square feet, P r o d u c t i o n capacity for the manufacture of paints a n d varnishes will be double the capacity of the original plant, construction of which w a s begun in t h e summer of 1940. In conjunction with the plant expansion, a new control a n d development laboratory designed to serve the southwestern terri t o r y will be constructed. E m p l o y m e n t will b e increased from the present force of 75 t o 150 or more when t h e expansion pro gram is completed and full operations at tained. M a n a g e r of the H o u s t o n p l a n t is J a m e s F . Crouch. V O L U M E
2 5,
NO.
11
bumper.
*Zerok is an Atlas resin lining that is proof against nitric and chromic and other strong acids, also against alkalies. It is also available in paint form.
7&t^/f€neewz£ PRODUCTS COMPANY OF PENNA. MERTZTOWN •ATLANTA 3, G a 452 Spring St., N . W. • C H I C A G O 1, I I I . , 333 No. Michigan Ave. •DETROIT 2 , Mich., 2970 W. G r a n d Blvd. NEW YORK 16, Ν. Y., 280 Madison Ave.
PENNSYLVANIA PITTSBURGH 27, Pa., 4921 Plymouth Rd. PHILADELPHIA, Pa., 355 Fairview Rd. Springfield, Pa. ST. LOUIS 8, Mo., 4485 Olive St.
THE ATLAS MINERAL PRODUQS CO. OF TEXAS, INC. Box 2 5 2 , Houston 1 , Texas DALLAS 5, Tex., 3921 Purdue St. •KANSAS CITY 2, K a n . , 1913 Tauromee A v e . •DENVER 2 , Colo., 1921 Blake St. •LOS ANGELES 12, C a l . , 172 S. Central A v e . •HONOLULU 2, H a w a i i , U.S.A., Lewers & •SAN FRANCISCO 3, Calif., 244 Ninth St. Cooke, Ltd., P. O. Box 2930 •SEATTLE 4, Wash., 1252 First Avenue, S. *Stock carried at these points . I N CANADA: Atlas Products are manufactured by H. L. BLACHFORD, Limited, 977 Aqueduct Street, Montreal, Ρ
MARCH
17,
1947
783
INDUSTRIAL
NEWS
News of the I n d u s t r y Arnold J. Frankel has organized t h e Aceto Chemical Co., 11 West 42nd St., New York, N . Y., which is acting as m a n u facturer's consultant on plastics a n d marketing problems, and is formulating plans for manufacture of plastic raw m a terials. Alcoa Mining Co., a subsidiary of t h e Aluminum Co. of America, h a s leased for a long t e r m of years the 18th floor of a building a t 445 P a r k Avenue, New York, Ν . Υ., to be used for its executive offices. T h e American L u m b e r & Treating Co. started operation of a new pressure-treat ing plant in Baltimore, M d . , late in February a n d on F e b . 15 received bids on the construction of another plant a t Everett, W a s h . T h e combined production in 1947 of t h e entire wood-preserving in dustry, n o w composed of more than 180 pressure-treating plants, is expected b y President Linthicum to exceed 1946 o u t put, estimated at 3,500,000 board feet. Borg-Warner International Corp. will henceforth handle export activities of t h e Autopulse Corp. of Detroit. According t o President D e Lind of Borg-Warner, export interest in electric fuel pumps is at an alltime high due to shortages of gasoline a n d coal in man3 r overseas markets.
More t h a n 12,000 employees and former employees of t h e Du P o n t Works at D e e p water, N. J., will receive about $4,600,000 for uncompensated time at t h e p l a n t . This represents back p a y and l i q u i d a t e d damages during six years prior t o D e c . 29, 1946, and not a portal-to-portal pay a g r e e ment. T h e He.vitt R u b b e r division of H e w i t t Robins, Inc., h a s appointed Ellis & Lowe Co. as distributor in t h e T a m p a , Fla., area. General Aniline a n d Film Corp., Ansco Division, h a s announced reductions of as m u c h as 3 3 V 3 % in t h e cost of color sheet film, in sizes ranging from 2V4 X 3l/i through 8 X 10 in both daylight and t u n g sten type. Increased production of film is credited with making t h e price reduction possible. T h e Hagan Corp. has p u r c h a s e d the Ring-Balance I n s t r u m e n t Co., Chicago, effective M a r c h 3. H a g a n is p a r e n t or ganization to H a l l Laboratories, B u r o m i n Co., and Calgon, Inc. T h e dairy products division of H e r c u l e s P o w d e r Co. is again in full operation, for t h e first time since t h e war. Sales offices are maintained in Chicago, San Francisco, Kalamazoo, Holyoke, Mass., Milwaukee, and Wilmington, Del.
^0
I SM Η ί
Owens-Illinois Fiberglas Corp. has started production of Fiberglas building insulation a t its new plant in Kansas City. T h e p r o d u c t was formerly made a t the Fiberglas plant in Newark, Ohio. • Leo H . Rich, Inc., industrial consultants, have announced t h e opening of offices a t 1 Wall St., New York, Ν . Υ. T h e T e x a s Co. has been authorized by the Office of T e m p o r a r y Controls t o con struct a $1,786,350 oil refinery a t Glou cester, N . J . The United Elastic Corp. has moved its research and development laboratory from New H a v e n , Conn., t o its general offices a t E a s t h a m p t o n , Mass.
Freeport Acquires
Sulphur Tainton
Freeport Sulphur Co. has acquired as sets of t h e estate of the late U. C. Tainton, metallurgist and inventor, and will carry on research and development work a t the T a i n t o n laboratory in Baltimore. The assets, acquired as part of Freeport's expansion program, include various processes, products, inventions, domestic and foreign patents, and laboratory facili ties, President Williams reports. Labora tory operations will be continued b y the present technical staff as a new division of Freeport, to be called Tainton Products Co., under the direction of Charles D . G. Breckinridge, manager. Mr. Tainton, who died in 1945, was the inventor of the so-called Tainton process for production of electrolytic zinc, electrogalvanizing of steel products, and metal cleaning processes.
WAA Offers
- * * * "
%
Assets
Chemicals
Chemicals, cleaning compounds, and other related materials with an original cost of $47,000 are offered for sale under sealed bids from March 10 to 25 b y the St. Louis regional office, WAA. The offering includes calcium carbide, calcium hydroxide, potassium hydroxide, photographic developer, metal and other cleaning compounds, corrosion prevent ers, disinfectants, caulking, sealing, water proofing, and roofing compounds, and naphthalene. Complete details m a y be obtained from WAA Regional Office, 505 North Seventh St., St. Louis 1, Mo.
*******
Natural Gets Pipe Line for Midwestern States
THE NEVILLE COMPANY Λ P I T T S B U R G H ES, P A . C h e m i c a l s for the N a t i o n ' s Vital I n d u s t r i e s 784
CHEMICAL
Plans for a 1,800-mile natural gas pipe line t o cost $85,600,000 have been an nounced by t h e Michigan-Wisconsin Pipe Line C o . and Austin Field Pipe Line Co. Actual construction of t h e line is ex pected t o begin in late 1947. I t is esti mated t h a t when t h e ultimate daily capac ity of 325,000,000 cubic feet of gas is
AND
ENGINEERING
NEWS
reached, there will be a b o u t 142,500 hp. of compressor capacity installed in the 14 stations along the line. T h e gas will be piped from the Hugo ton g a s field in northern Texas to Detroit, Milwaukee, and other cities in Wisconsin, Michigan, Iowa, and Missouri.
Penicillin Production
Rises
T h e monthly rate of penicillin produc t i o n more t h a n doubled during 1946, the Civilian Production Administration has s t a t e d in announcing a t o t a l o u t p u t for t h e y e a r of 25,808.57 billion Oxford units. T h e climb in the production r a t e was so satisfactory t h a t penicillin was removed from g o v e r n m e n t allocation by revocation, of Schedule 118 to conservation order M 3 0 0 effective Dec. 31, 1946. E x p o r t re strictions were removed a t the same time. Currently, domestic d e m a n d for t h e d r u g is being m e t adequately and s u b s t a n t i a l quantities are available for ship m e n t abroad, CPA said. Although there are no indications of fu t u r e need for renewing distribution con trols on this drug, t h e Penicillin I n d u s t r y Advisory Committee will n o t be dissolved until l a t e r this year as a safeguard against a n y emergency.
D. W
HAERING & CO., Inc.
__
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GENERAI OFFICES:
. 2 0 5 h W e s t Wacker Driven Chicago 6; Illinois
Superphosphate Production Hits New
High
Production of superphosphate reached a n all-time high in 1946,-according t o r e p o r t s of acidulators to t h e National F e r tilizer Association. Although t h e 0 . 9 % increase over 1945 seems slight, it will b e recalled t h a t production t h a t y e a r greatly exceeded any previous y e a r . Based on reports from 120 p l a n t s which produce about 6 9 % of superphosphate i n this country, 1946 production reached 5,602,000 tons against 5,550,000 tons i n 1945. Production of concentrated superphos p h a t e ( 4 5 % ΑΡΑ basis) during 1946 \vas equal t o 4 . 2 % of total production ( 1 8 % Α Ρ Α basis) while in 1945 production of t h e concentrated product was equivalent t o 4 . 4 % of total production.
PRECISION
Developed in cooperation with Clinton C o m p a n y , Clinton, Iowa, this e v a p o r a t o r is constructed on the same general principles as large industrial units, for the evaporation of aqueous solutions to recover dissolved solids. It will duplicate closely results obtained with commercial-sized tube evaporators. Bumping is eliminated and protein or o t h e r food product, solutions, almost impossible to h a n d l e in flasks because of excessive foaming, can be evaporated with little o r no difficulty Evaporation is rapid and easily carried o n . Ideally suited for experimental study on agricultural residues. P E R F O R M A N C E : On tests u s i n g water, the model shown will evaporate 12 liters per h o u r (26.4 lbs. p e r h o u r ) having a surface area of .5 sq. ft., o r the equivalent of 53 lbs. p e r sq. ft. per h o u r . On tests c o n d u c t e d on corn steep liquor, the evaporation was equivalent t o 45 lbs. per sq. ft. per hour.
WÊÈ
Denver Insecticide Plant in Production
IMPORTANT
T h e insect toxicant known a s Octa-Ivlor (CioHeCls) is being m a n u f a c t u r e d by Julius H y m a n & Co., Denver, Colo., in t h e chemi cal warfare p l a n t of t h e R o c k y M o u n t a i n Arsenal, converted t o peacetime u s e . Julius H y m a n & Co. w a s organized in 1946 b y Mr. H y m a n , formerly executive vice president of Velsicol Corp., and iris associates for manufacture of chemical specialties and t h e prosecution of funda m e n t a l chemical research. V O L U M E
2 5,
NO.
11
LABORATORY
»
» "MARCH
FEATURES
Made entirely of Pyrex glass and stainless steel to eliminate corrosion. Model s h o w n has a m a x i m u m capacity of 3,000 cc. of liquid and will h a n d l e batches as small as 500 cc. Heating tube — 18-8 stainless steel, with a surface area of 5 sq. ft. Built-in dual vapor condensate traps and drawoff cock. Steam inlet connection, steam valve and pressure gauge. WRITE FOR DETAILED INFORMATION N O . 10162-1
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17,
1947
£ty44fxme**b
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INDUSTRIAL
CO
NEWS
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T h e n e w A l n o r Dew P o i n t I n d i c a t o r is e a s y t o -use, a n d B e c a u s e indications take place in a n e n closed o b s e r v a t i o n c h a m b e r u n d e r controlled conditions, t h e end p o i n t m a y h e accurately observed. Errors due to t h e h u m a n element aire r e d u c e d , a n d t w o o r m o r e o p e r a t o r s will o b t a i n consistently a c c u r a t e r e s u l t s . T h e A l n o r Dew P o i n t I n d i c a t o r is c o m p l e t e a n d s e l f - c o n t a i n e d , "without e x t e r n a l c o o l i n g or a u x i l i a r i e s . T h e i n s t r u m e n t i s r e a d i l y p o r t a b l e , a n d is o p e r a t e d b y e i t h e r AC o r b a t t e r y power. Its value h a s b e e n prove. i n m a n y p l a n t s in connection w i t h controlled a t m o s p h e r e fur n a c e s , with, c o m p r e s s e d g a s e s a n d g a s fuels, i n c h e m i c a l p r o c e s s e s , refrigeration, a n d similar work. W r i t e for B u l l e t i n 4017. ILLINOIS TESTING
LABORATORIES, INC.
420 N. LA SALLE ST.
CHICAGO 10, ILL
ALLANTOIN AMMONIUM THIONURATE •
ALLOXANTIN URIC ACID •
ALLOXAN Monohydrate •
SCHUYLKILL CHEMICAL CO 2346 Sedgiey Ave. Philadelphia 32, Pa.
/Wt£> office biiilcling of Vernay Laboratories,
Monsanto Polyvinyl Production
to Increase Chloride
The board of directors of Monsanto Chemical Co. has announced approval of a project to launch into the commercial production of polyvinyl chloride plastic on a major scale. The project, which follows more than three years of extensive pilot-plant production, involves construc tion of manufacturing facilities at Spring field, Mass. The plastic, which will be marketed under the name Ροΐλάη, will be made in the form of elastic films and sheets, colored and transparent rigid sheets, extrusion compounds, molding compounds, calender compounds, and polyvimd chloride-base
German Open for
Patents Use
It is now legal for nationals of 28 govern ments to use without paying royalties all former wholly German patents issued by their governments. The U. S. State De partment has issued a reminder that under an international agreement reached at London last July, the more than 100,000 German-owned patents are now open for use. The agreement became effective " the first of this year. Rights under the agreement are subject to the protection of existing rights lawfully acquired by non-Germans, the department added. Licensing of patents through the accord would remove a possible impedi ment to international trade which might arise if th§ various governments licensed the patents on an exclusive basis, the State Department said.
American Announces Allocations
Can Co. 85% Ratio
Eighty-five per cent of the metal con tainers ordered by customers of American Can Co. will be delivered under the allo cation plan announced last January. The 85% ratio, says Vice President W. C. Stolk, is based on all available information as to 1947 plate production and contem C H E M I C A L
Yellow Springs-,
Ohio
plates no interruption in receipts from sup pliers. It is hoped, he added, that pro duction of plate will increase in the third and fourth quarters, so that more generous allocation will be possible. Allocations were made necessary by a shortage of metal resulting from removal of government restrictions las"t December on products and quantities "that could be packed in tin plate, according to Mr. Stolk.
Business a n d Financial News American Potash & Chemical Corp. has reported net earnings of SI,014,105 during 1946, compared with SI,176,366 in 1945. These earnings amounted t o $2.87 a share for 1946 as against $2.23 in 1945. Borne Scrymser Co.'s statement shows a net income for 1946 of $35,277 equal to $1.01 a share against $93,912, or $2.69 a share in 1945. Dewey & Almy Chemical Co. shows a consolidated net profit for 1946 of $719,967, equal after payment of dividends on pre ferred stock, to $2.16 each on common shares. Consolidated net profit for 1945 was $600,138 or $1.69 a share. Net sales for 1946 reached a new high of $12,575,436, an increase of 14% over the 1945 total. Domestic sales were 12% above a year ago and foreign sales, 22%. According to president Bradley Dewey, S2,644,120 was spent in 1945 and 1946 to provide improve ments in plant facilities. The program will be finished some time i n 1948 and will require approximately another $2,000,000. "The whole program is adequate to handle anticipated demands and i s designed for low-cost production," said Dewey. B. F. Goodrich Co.'s annual report for 1946 showed highest consolidated net sales in any peacetime year in t.he company's 76-year history. Sales were only 2.9% below the all-time, 1945 peak of $372,082,813. Net income for 1946 was $25,207,871, equivalent after deducting $5 dividends on preferred stock, to $17.69 a common share, compared with $7.84 a share in 1945. The consolidated net in come figure was reached after provision was made for estimated federal and foreign income'taxes, and after providing AND
ENGINEERING
NEWS
reserves of $5,500,000 for contingencies and $5,000,000 for anticipated property obsolescence. The company's report re marks that 1946 was "not a normal year as compared with prewar 3'ears'', citing the fact that total rubber consumption in the United States exceeded 1,000,000 long tons for the first time in history. In 1940 consumption was 652,000 long tons. If two-thirds of the common stock holders approve at the annual meeting on May 9, Johns-Manville Corp. will split its no-par common stock three-for-one. The company has 1,500,000 common shares authorized and 944,4S7 outstanding. The proposed split, for the purpose of broaden ing the market of the corporation's stock, would make each preferred share convert ible into three common shares. Liquid Oarbonic Corp. reports a net profit of $272,5S7 for its December quar ter, with earnings at 29 cents a share, com pared with net loss of $191,551 for the similar period in 1945. Net sales of $7,086,539 far exceeded last year's com parable sales of $4,33S,014. Marathon Corp. reports for the quarter ending Jan. 31 a net profit of $1,130,837, equal to 82 cents each on 1,300,000 com mon shares, compared with $757,665, or 53 cents a share for the first quarter in 1945. Sales increased from $7,594,264 a year ago to $9,594,419 this quarter. Sun Oil Co. reports a consolidated net income for 1946 of $14,726,551, equivalent to $4.17 per share on the common, com pared with $15,666,543, or $4.44 per share in 1945. According to the annual report, 1946 gasoline sales were over one billion gallons for the first time in the company's history. Texas Gulf Sulphur Co., Inc., shows a net income for 1946 of $15,239,519 or $3.96 per common share compared with $9,993,023 in 1945. The company re ports that tonnage sales of sulfur during 1946 were the largest in its history. Sales and earnings of United Carbon Co. last year were the largest in the company's history, Oscar Nelson, president, reports. Net income for 1946 amounted to $3,010,284 equal to $7.57 a share, compared with $2,263,867, or $5.69 a share in 1945. Sales totaled $22,312,818, an increase of 54.3% over the 1945 volume of $14,458,738. Sales of carbon black accounted for 74.3% of the 1946 total, natural gas 22.3%, and crude oil and other products 3.4%.
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g
r
ν ^ * ^
: ^ ^ ^
t?· positions m ony ° binations.
V O L U M E
2 5,
NO.
11
e
rotated
.„;
arOU
quadroi,ts u
' ";
,
-
_
And They A d d Up to These EXCLUSIVE ADVANTAGES • • •
EASY TO INSTALL! EASY TO DISMANTLE! EASY TO M A I N T A I N !
The New T y p e " R " Morris P u m p — t h e most advanced de sign in the p u m p field—is spe cifically engineered t o handle ore concentrates . . . tailings, slag and residue from filters and clas sifiers. Operates on all types of caustic or acid mixtures con taining abrasives or solids.
Dividends The board of directors of the Davison Chemical Corp. has declared a quarterly dividend of 25 cents per share on its capi tal stock, payable March 31 to stockholders of record March 10. The board of directors of Hercules Powder Co. has declared a dividend of 35 cents a share on common stock, payable March 25 to stockholders of record March 10.
.^___^
Wr/fe suited
us for
specification
to your
particular
and
operation
needs.
No
data charge
on pumps or
best
obligation.
M O R R I S M A C H I N E W O R K S , Boldwinsville, Ν . Υ . Sales Offices in Principal Cities
(MOimis, M A R C H
17y
1947
CENTRIFUGAL PUMPS 787
