NEWS
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Miscellaneous All Miscellaneous and For Sale advertisements are charged at the rate of five cents a word with a minimum charge of two dollars for each insertion, the address counting a s ten words. CHEMICAL RESEARCH PERIODICALS. Complete s e t s , rolumea OJ single back copies of CHEMICAL AND PHYSICAL MAGAZINES FOB SALE. Please send u s list of Desiderata. WE BUT SCIENTIFIC MAGAZINES Address " B . Login & SOD Inc.," 29 East 21st St.. New York COLLOID Mill, fifteen inch heavy Premier turbine driven, capacity one thousand gallons per hour, perfect mechanical condition, has seen but very slight service. Address "Box 1 5 - N - 1 2 , " care Ind. & Eng. Chem., Eastern, Pa. FOR SALE: Chemical Research Journals as follows: Society Chem. Industry 1S82-1928, Journal Chem. Soc. London 1881-1928. The Analyst 1876-1927, Annual Reports Progr. Chemistry 1904-28, Applied Chemistry Reports 1916-27. Also "Benchte" and others. Address "BETA," care Ind.. & Eng. Chem., Eastern, Pa.
F O R SALE Two (2) ONE GALLON L A B O R A T O R Y AUTOCLAVES, 801) lbs. pressure, stirrer, pulley and hand crank, safetv valve, etc. J A C K E T E D K E T T L E — 1 2 5 gallons, agitator, unused. Alberger C h e m i c a l M a c h i n e r y C o m p a n y 103 P a r k A v e n u e , N e w Y o r k City A s h l a n d 3586 TECHNICAL, TRANSLATIONS—Scientific and technical material translated or abstracted from Preach, German, Italian, and Rates per hundred words: French and German, $0.50; Italian and Spanish, $1.00 Maris Ring. 917—ISth Street, N. W . Wasoington, D. C.
gromptly panisn.
W A N T E D : Abbe refractoineter with heatable prisms. Give description and price wanted. Bennetts' Chemical Laboratory, 1131 Market Street, Tacoma, Wash. W A N T E D : Unbound. Journal Soc. of Chemical Industry, Journal of the Chemical Society and British Chemical Abstracts-A—all for t h e year 1029. State lowest cash price. "Titania Corporation," Box 116, Glendale, Calif.
Financial N e w s The Standard Oil Company of N e w Jersey and t h e I. G. Farbenindustrie have formed the Standard-I.G. Co. to acquire control of the merged patent interests of the two companies in t h e manufacture of petroleum products by the hydrogenation process. T h e Standard Oil Company of N e w Jersey, the majority stock owner, will b e responsible for the management of t h e new company. Officers of the company will be as follows: F. A. Howard (prese n t head of the Standard Oil Development Co.), president; E. M. Clark, vice president; M. H. Eames, secretary; and R . P. Resor, treasurer. It is understood that the directors will include F. A. Howard, E . M. Clark, W. Duisberg, R. T. Haslam, Peter Hurll, H. A. Riedemann, H. G. Seidel, S. A. Straw, Otto v o n Schrenk, and G u y Wellman, For the time being the technical end of the development of t h e process and construction of plants in the United States will be in the hands of the Standard Oil Development Co., which will cooperate directly with t h e technical staff of the I. G. T h e business end of t h e joint development will be handled b y t h e Standard-I.G. Co. The Allied Chemical & D y e Corp. has declared a 5 per cent stock dividend. W i t h 2,178,109 common shares outstanding, this extra calls for the distribution of 108,905 shares, having a current market value, at $257 a share, of $27,988,585. There are 965,346 common shares in the treasury to take care of the current a n d future stock dividends. Directors indicated t h a t the company's economic progress would probably permit the continuation of a n annual stock dividend. While there is n o definite information that the Atmospheric Nitrogen Co., a subsidiary, plans the building of another unit t o its fixed nitrogen plant a t Hopewell, Va., there are persistent rumors that this will be done early in the year. A considerable amount of steel material used in building operation has been purchased preparatory t o additional construction. This plant is now producing approximately 130 tons of nitrogen from the air daily, according t o Lauren Hitchcock, of the University of Virginia, who has made a survey of chemical industries in the state. Information has also been received t o the efTect that orders h a v e been placed for doubling the boiler capacity of the Syracuse plant, which would indicate that an increase in production capacity i s contemplated ( there. According t o Theodore Swann, president of the Swann Corp.,
E&ITION
Vol. 8, No. 1
Birmingham, Ala., the total authorized number of shares of t h e corporation has been increased from 120,000 to 2,100,000, of which 100,000 m a y b e preferred. Companies included in t h e S w a n n group are the Southern Manganese Corp. and the Federal ^Phosphorus Co. Plants of the Swann Corp. are located a t Birmingham, Anniston, Ala.; Hoopeston, 111.; and St. Louis, M o . T w o prominent Boston men, Philip Stockton and Charles B e l k n a p , have been added t o the board of directors of Monsanto Chemical Works. This increases the board from nine to eleven members. Mr. Stockton i s president of the First National Bank of B o s t o n , a n d is a member of the boards of American Telephone and Telegraph Co., General Electric, Gillette Safety Razor, International Acceptance Bank, New England Mutual Life Insurance Co., and a. number of others. Commander Belknap, president of Merrimac Chemical Co., Inc., a subsidiary of Monsanto, w a s director of naval overseas transport at Washington during the World War. The Graesser-Monsanto Chemical Works, Ltd., has taken over t h e business and manufacturing facilities of the British Saccharin Mfg. Co. in Lancashire, England. Monsanto's various chemical products now number more than 200, against 100 last year. Newport Co., South Milwaukee, Wis., h a s acquired 70 per cent o f the common stock of Acetol Products, Inc. T h e authorized capital stock of the latter concern consists of 240,000 shares of c o m m o n stock of no par value and 60,000 shares of convertible class A preferred stock. S. J. Spitz and E . H. Killheffer, of t h e N e w p o r t Co., h a v e been elected directors of the acquired company, which manufactures, a t N e w Brunswick, N . J., a special glass, Cel-O-Glass, which admits the violet rays of sunlight. Directors of t h e American Commercial Alcohol Corp. declared a stock dividend of 2 per cent on the common shares, in addition t o the regular quarterly cash dividend of 40 cents a share, both p a y a b l e January 15 to stock of record December 20. Payment o>f stock dividend will b e made in voting trust certificates. T h e regular quarterly dividend o n the preferred stock of $1.75 also w a s declared, payable February 1 t o stock of record January 10. Xhis will be the last dividend payable on preferred stock, as t h e entire issue will b e redeemed February 1. Directors of t h e U. S . Industrial Alcohol Co. have declared a n extra dividend of SI on the common stock in*addition to the regul a r quarterly payment of SI.50. This w a s made payable Februa r y 1 t o holders of record January 20, 1930. The Air Reduction Co., which i s controlled b y the same interests which n o w control U. S. Industrial Alcohol, is a large holder o f alcohol common stock. Air Reduction held at least 50,000 shares last summer, a n d it is rumored t h a t more was added to i t s holdings on the recent market break. Stockholders o f the "Duval Texas Sulphur Co., a subsidiary of t h e United Gas Co., have approved a change in capitalization fxom 100,000 shares of $10 par value capital stock now outstandi n g to 550,000 shares of no par value. F i v e new shares will b e issued for each share now held. Sulfur production averaged more t h a n 300 tons a day in December, thus making it the company's best month since production was started more than a year ago. Shipments for t h e month were approximately 12,500 tons, one cargo haying been eonsigned to Australia through the port of Corpus Christi, Tex., (55 miles distant from the sulfur properties. The Carbon Black Export Association, Inc., has been formed b y representatives of companies which account for more than 9 2 p e r c e n t of the world's total production. The officers o f the association will b e Norman Lee S m i t h , "Binney & Smith Co., president; E d m u n d Billings, Godfrey L. C a b o t , Inc., vice president; R. H. deGreeff, R. W . Greeff & Co., secretary; G. A . Williams, United Carbon Co., treasurer; H . W . Huber, J. M. Huber Co., assistant treasurer. They, together w i t h John W. Herron, Palmer Gas Products Corp., will constitute t h e board of directors. The Columbian Carbon Co. estimates that i t produced 1 0 0 , 0 0 0 , 0 0 0 pounds o f carbon black in 1929, compared with 79,194,473 p o u n d s in 1928; 18,000,000 pounds of other pigments, against 3,204,998 pounds in 1928; 25,000,000 gallons of gasoline, against L 1,951,339; 49,000,000,000 cubic feet of natural gas, against 4r7,l 12,301,000 i n 1928. Natural gas sales in 1929 are placed a t 27,000,000,000 cubic feet, compared w i t h 25,304,073,000 cubic feet l a s t year. Listing of an additional 41,161 shares of no par capital stock o n t h e N e w York Stock Exchange is t o provide for recent offering o f rights to stockholders of record October 18 to subscribe a t $175 a share in the ratio of 9 shares for each 100 held. Natural gas acreage of the company h a s been increased from I 50,193 early in 1929 t o 165,256, located principally in Louisiana, T e x a s , West Virginia, Wyoming, Kentucky, and Oklahoma. I t s producing o i l or g a s wells have increased from 387 t o 416. I t has purchased for cash 11,492 shares of capital stock of the Mississippi River Fuel Corp. Stockholders o f the Eagle-Picher Lead Co.. will vote on Janua r y 2 3 on the proposed formation of a subsidiary to acquire t h e
J a n u a r y 10, 1930
INDUSTRIAL
AND
ENGINEERING
company's mining and smelting properties in the tri-state district, including all properties of the Consolidated Lead and Zinc Co. T h e n e w company is expected t o have a capitalization of S7,00O,O00. The Eagle-Picher Lead Co. owns one-third of the 250,000 outstanding shares of the Consolidated Lead and Zinc Co. According to an announcement, t h e Belle Chemical Co., Belleville, N . J., v/ill commence commercial production of synthetic camphor early in 1930. T h e company is understood t o be a closed corporation, capitalized at $500,000, with the stock closely held b y the officers. Plant capacity is one ton per day, but prese n t plans call for a daily production of between 500 and 1000 pounds. Jacob V . Smeaton, president, S. M . Birch Lumber Co., Passaic, N. J . , is president; Stewart Lindsley, president, National Carbonic G a s Co., Newark, N . J., vice president; Edward F. L. Lotte, general manager, National Silk Dyeing Co., Paterson, N . J . , treasurer, Charles A. Bianchi, secretary and general manager. Consolidated Chemical Industries, Inc., will devote the proceeds of the sale of an additional 40,000 shares of its class A stock a t $26 a share, to expanding the company's plants at San Francisco, Calif., Houston, Tex., and B a t o n Rouge, La. Fourteen rayon^ producers have formed the Rayon and Synthetic Yarn Association, an organization which will supplement the work a t present being done b y t h e R a y o n Institute. Members of t h e association are as follows: American Viscose Co. (Courtaulds), D u Pont Rayon Co., Industrial Rayon Corp., Tubize Co., American GlanzstofF Corp., American Bemberg Corp., American Enka Corp., Acme R a y o n Corp., American Chatillon Corp., Belamose Corp., Delaware Rayon Co., N e w Bedford Rayon C o . , A. M. Johnson R a y o n Mills, and Skenandoa R a y o n Corp. T h e only conspicuous absentee in this list is the American Celanese Co. Pennsylvania Salt Mfg. Co. has acquired General Laboratories, Madison, Wis., makers of a deodorant and fly spray. The company will be operated as a separate unit, with Walter K. Wilson as general manager. Freeport Sulphur Co., Freeport, Tex., directors have voted an extra dividend of SI in addition to t h e regular SI quarterly dividends on stock. M c K e s s o n & Robbins, Inc., h a s acquired three additional wholesale drug firms and is giving in exchange its common and preference stocks, together with some cash considerations. Companies so acquired are Berry, De Moville & Co., of Nashville, .Tenn., for which McKesson & Robbins is giving 6940 shares of c o m m o n stock, 1264 shares of preference stock, and $62,527 cash; DufT L>rug Co., of Chattanooga, Tenn., for which McKesson & Robbins is giving 768 shares of preference stock, 1212 shares of common stock, a n d $262,700 in cash; and Charles W. Whittlesey Co., of N e w Haven, Conn., for which McKesson & Robbins has given 8099 shares of common, 3113 shares of preference, and $305 in cash. j Acquisition of t h e companies is shown in the application to the | New York Stock Exchange for listing of the stock so issued. In addition, 37,000 shares of common stock were listed, such stock having been sold to bankers a t $32 a share. It is reported t h a t the Davison Chemical Co., which has undergone considerable expansion this year through acquisition of other companies, has made plans for a further increase in its activities for 1930. One of its recently acquired subsidiaries, the Southern Phosphate Corp., Barton, Fla., has authorized a program, of expansion for the coming year which will involve the expenditure of more than $500,000, chiefly on new equipment. T h e City of Baltimore will soon complete the construction of a steel and concrete bridge to the company's property at Curtis Bay, and a subsidiary, the Davison Realty Corp., has taken over land adjoining t h e property for development and sale. Negotiations were also completed this year for the erection of a fertilizer plant at Houston Ship Canal, Tex., which will represent the outlay of approximately $ 1,000,000. The company's net working capital is reported to be $7,660,200 as of June 30, 1929, as compared with $4,538,791 one year previous. Ansbacher-Siegel Corp.., N e w York, manufacturer of dry colors and insecticides, has acquired the Contex Color Co., Paterson, N. J., manufacturer of toners and lakes. The latter company was founded in May, 1928, by L. D . Walker and S. H. Solomon. Alweda Co., Brooklyn, N . Y., manufacturing chemist, has been formed a s the result of a merger of Allen-Foster, Inc., and the Weda Chemical Co. The temporary managing committee consists of Nicholas S. Gesoalde, president; George S. Harkavy, secretary-treasurer, H . Schwartzbach, vice president; and B. Grossman, secretary. American Chatillon Corp. has concluded arrangements for the formation of an English company called "British Chatillon Co.," which will merge with Branston Artificial Silk Co., Kirklees, Ltd., and R a y o n Mfg. Co., Ltd., all viscose producers. T h e National Lead Company of Canada, Ltd., has been formed by t h e National Lead Co. W . C. Beschorman will be president
CHEMISTRY
13
H^gS' Reducing Valves for use with compressed gases, are sturdy, dependable and economical.
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oaclcier Service Evaporators: Types for every purpose ~ Distilling Machinery for every product Solvent Recovery Equipment Design and Construction of Complete Plants See 1929 Chemical Engineering Catalog pages
222-241
E-B-BADGEK
