NEWS
March 10,1935
Financial News
P E N I C K & F O R D , L T D . , I N C . , and subsidiaries for the year ended
A B B O T T LABORATORIES i n the report for the year ended De*
B L A W - K N O X Co. T h e annual report of the company and subsidiaries for the year ended December 3 1 , 1934, snowed net profits of $35,504 after deduction of interest, depreciation, and provision for federal tax. This compares with n e t earnings of $111,666 in 1933. The company a n d subsidiaries
report for the year ended December 31,1934, net profit of $2,346,237. T h e corporation's earnings for 1934 were adversely affected b y the increased cost of raw materials and supplies. F R E E P O R T T E X A S C O . a n d subsidiaries report for the year
ended December 31, 1934, net income of $1,477,089, after depreciation, federal taxes, etc., equivalent, after deducting $77,173 dividends paid on 6 per cent .preferred stock, t o $1.76 a share (par $10) o n common stock. This compares with n e t income of $2,478,839 in 1933. T h e decline in earnings was stated t o be due to a decline in sales and an increase in production costs. In view of the decline i n earnings, t h e directors decided t o reduce the dividend o n common stock, and a dividend of 25 cents per share w a s declared payable March 1 t o stockholders of record February 15. G E N E R A L ELECTRIC C o .
Business for the first t w o months of
1935 h a s been slightly ahead of business in the final quarter of 1934 a n d about one-third ahead of a year ago. New business has been well distributed over the company's lines of apparatus and appliances. H E R C U L E S POWDER Co. The directors have declared a quarterly dividend of 75 cents a share on common stock, payable March 2 5 to stockholders of record March 14. J O H N S - M A N V I L L E C O R P . and subsidiaries, exclusive of Johns-
Manville Credit Corp., for the year ended Decenber 31, 1934, report n e t profit of $749,802 after depreciation, depletion, federal taxes, and special reserve of $400,000, equivalent after 7 per c e n t preferred dividends t o 30 cents a share on common stock. This compares with net profit of $105,331 in 1933. MATEOESON ALKALI C o .
The report for t h e year 1934 shows
net income of $1,165,836 after depreciation, depletion, obsolescence, a n d federal taxes, equivalent after dividend requirements on 7 per cent preferred stock to $1.20 a share on common stock. Tins compares with $1,224,078 in 1933. Outstanding shares increased during the year because of the sale of additional common stock, t h e proceeds of which were used in connection with financing the cost of new works a t Lake Charles, La. MOLYBDENUM
CORP.
O P AMERICA.
Report
for
the
year
ended December 31, 1934, shows profit of $479,006 after interest, depreciation, federal taxes, etc., but before depletion, compared w i t h $180,356 i n 1933. After provision of $76,307 for depletion of mineral lands, there was a net profit for 1934 of $302,699. T h e company reports a promising outlook for 1935. stating that consumption of molybdenum i n the metallurgical field is increasing and t h e demand for tungsten is being well maintained. M O N S A N T O CHEMICAL Co.
103
December 31, 1934, report net profit of $1,405,514 after depreciation, federal taxes, etc., equivalent t o $3.80 a share on 370,000 no-par shares of stock. This compares with $1,443,647 i n 1933.
cember 31, 1934, showed n e t profit of $896,959 after depreciation, interest, federal taxes, etc., equivalent t o $6.18 a share on 145,000 shares of capital stock. This compares w^th $549,578 in 1933. The president stated that 1934 was the best year in the company's history from t h e standpoint of both profit and net sales.
COMMERCIAL SOLVENTS CORP.
E D I T I O N
Total earnings for 1934, including
the company's proportion of undivided profits of controlled companies n o t consolidated, and uncontrolled companies, were $2,771,629 or $3.20 a share on 864,000 shares outstanding. Of the total earnings, $2,638,040 or $3.05 a share resulted from operations of the parent and wholly owned subsidiaries. Earnings for 1933, after giving effect to the 100 per cent stock distribution of last April, amounted t o $2.57 a share. NATIONAL L E A D C O . reports for the year ended December 31, 1934, n e t profit of $4,200,188 after taxes, depreciation, depletion, etc., equivalent after preferred dividends t o $8.37 a share on common stock outstanding at close of year. This compares with net profit of $3,828,329 in 1933. Business in January, 1935, was a little better than a year ago. The company's sales o f titanium oxide have increased greatly and the company is constructing a new plant a t Sayreville, N . Y., which i s to cost around $4,300,000 and will be in operation in about t w o months. Sales in 1934 were $56,350,470 against $46,412,586 in 1933, b u t operating costs increased slightly more than sales. PARKS:, D A V I S & C o . sales since January 1 have been running about l O per cent ahead of the corresponding period of 1933.
U N I T E D C A R B O N C O . and subsidiaries report net profit
of
$1,452,939 in 1934, compared with $636,217 profit before federal taxes in 1933. As of January 2, 1935, t h e company purchased for $1,OOOjOOO the carbon black and natural gas properties of Century Carbon Co., in t h e Monroe a n d Richland fields of Louisiana. Early in December the company disposed of t h e 24,200 shares of treasury stock which were purchased in t h e open market during 1930. The mcjor part of this stock w a s used in acquiring Texas Carbon Industries, Inc., and the balance was sold at private sale at $50 a share. Sales of natural gas b y the company during 1934 s e t new records, with total revenues of $2,167,296, compared with $1,738,445 in 1933. Current sales are about 22 per cent over those of a year ago.
Manufacturers' Publications Publications mentioned in this column will be sent free, unless otherwise noted, by the firms issuing them, to readers of INDUSTRIAL AND ENGINEERING CHEMISTRY who request them o n their business stationery. I n writing it will be appreciated if you will mention INDUSTRIAL AND ENGINEERING CHEMISTRY. "CATJSTJL" M E T A L G A T E V A L V E S FOR CORROSIVE SERVICE.
This
bulletin describes a line of gate valves made with this corrosionresistant alloy. It contains a valuable page specifying materials and their concentrations for which t w o different compositions of trim are specified. T H E LUNKENHEIMER C o . , Cincinnati, Ohio. COPPER EQUIPMENT. A 6-page illustrated bulletin describes tanks, stills, condensers, etc., produced by t h e LEADER IRON W O R K S , I N C . , Decatur, 111. H E A T - H A R D E N A B L E BAKELITE.
This new booklet describes t h e
new line of heat-hardenable varnish, enamel, lacquer, and cement, their use, and the technic involved i n their nandling. It is full of valuable suggestions a s t o all sorts of industrial applications. "HYDRAULIK"
BAKELITE C O R P . , Bound Brook, N . J. ACCUMULATORS.
A
4-page
bulletin
describes
compressed air accumulators without pistons or floats, particularly useful where presses are t o be us**d under high pressure. They minimize space requirements, maintenance costs, permit higher operating speeds, and free the entire system of shocks.
SEAMLESS S T E E L EQUIPMENT C O R P . , 39 Broadway.
New York, N . Y . ILLINOIS COMBINATION T R A P S .
Bulletin
$4-A
describes
float
and thermostatic traps for low-pressure service, with ample description of various types of traps. I t includes dimension tables as well a s tables of pressures and capacities. ILLINOIS ENGINEERING Co., Racine Ave., 20th PI. to 21st St., Chicago, LANCASTER
MIXERS.
Bulletin
70-B
describes
the
Lancaster
countercurrent rapid batch mixing system, which consists of a mixing pan slowly rotating in an opposite direction t o one or two rapidly rotating mixing stars. I t employs a countercurrent mixing action, t h e pan serving as a conveyor and delivering a thin layer of material to t h e area covered b y the tools of t h e mixing star. Diagrams a n d installation photographs are used generously t o illustrate working principles. The line includes small types available for laboratory and development work a s well as the largest size standard industrial equipment. Dimension diagrams are generously used t o illustrate the actual set-up of the larger mixers. T H E C. O. BARTLETT & SNOW C O . , Cleveland, Ohio.
M I X E R S . Bulletin S2-D describes the Gardner and Unique types of mixers, ranging from small laboratory models up t o the largest size industrial equipment. The Gardner line is recommended for ordinary mixing operations, while t h e Unique mixers are heavy-duty machines. The catalog includes interesting data on sifters, elevators, and bagging equipment that would be used with mixing jobs. ROBINSON M F G . Co., Muncy, Pa. STEEL CONTAINERS. This n e w 128-page catalog shows a complete line of steel pails, drums, and barrels of 0.5 t o 65 gallon sizes, made with various styles of filling and dispensing openings t o meet different product requirements. Several pages in full color show containers used by leading manufacturers in all industries. These steel containers are available with special baked-on protective linings that resist the action of nearly all products, and insure positive protection. T h e container can also be made of stainless steel or galvanized or tinned. WILSON & B E N N E T T M F G . C O . , 6532 South Menard Ave., Chicago, HI.
