I \ D ί S Τ R I A L
Business and Financial News Bristol-Myers Co. reports quarterly pxofits of SI,448,961 or SI.00 a share, compared with S2,626,678 or SI.85 a share i o the first 1946 quarter. Coming Glass Works first quarter in come amounted to $806,392 or 29 cents a common share, compared with $575,636 or 2 0 cents a share in 1946. Libby, McNeill & Libby has announced tdhatit has temporarily shelved its plans to sell an issue of 100,000 shares of preferred s4x>ck "because of existing market condi tions." First offering of stock of the newly formed Monsanto Chemicals, Ltd., was made t o British investors when £1,650,000 o>f ordinary and redeemable cumulative preference shares were p u t on sale by Lazard Bros. & Co. and Morgan Grenfell &: Co., XiOndon. Socony-Vacuum Oil Co., Inc., reports gross sales of $233,810,845 for the quarter &nded March 31, against $175,259,804 gross sales a year ago. Textron, Inc., reports a net profit of SI,685,000 for t h e first quarter, equal to SI.59 per share of common. Sales amounted t o $32,288,000.
Ν Ε \\ S
Tidewater Associated Oil Co. reports a total net income for the three months ended March 31 of S5,1S0,274 equal to 77 cents per common share, compared with S3,744,555 or 54 cents a share a year ago. Unexcelled Chemical Corp. reports a net profit of $40,154 or 15 cents a share on the common for the first quarter of 1947, compared with a profit of $19,419, equal ing 9 cents a share in the first quarter of 1946. United G a s Corp. has asked S E C for approval for a proposal to incorporate a new firm to be known as Atlantic Gulf Gas Co. with one million authorized no par value common shares. The corporation is to be organized to carry out United's obligations to construct and operate na tural gas pipe-line properties to be known as Southeastern States Project. Dividends Davison Chemical Corp. has declared a quarterly dividend of 25 cents per share on its capital stock. Glidden Co. has declared a quarterly dividend of 60 cents on the common. Industrial Rayon Corp. has declared a dividend of 62.5 cents on t h e common, an increase of 12.5 cents over the previous quarter.
Glance at Some Typical
Properties
of
Properties
Aromatic HB
Specific Gravity, 6 0 ° / 6 0 ° F. Flash, Cleveland Open Cup, °F. Viscosity, S.U.S. @ 210°F. B.S. & W . , % Pour Point, A . S . T . M . , °F. | Iodine Number, wijs Unsulfonated Residue A . S . T . M . , % I Vacuum Distillation, (corrected tc at| mospheric pressure) 1 0 % , °F. 50%, °F. I Color
in t h r e e b o i l i n g Aromatic L
0.950 214 15 0.1
