NEWS
1380
PRATER
η ^SIIIIP
Vol. 19, No. 22
EDITION
1
THE WAIL STREET OF
PROCESSING EQUIPMENT
CHEMISTRY
Γ T H I B D QUARTER EARNINGS
Allegheny Ludlum Steel Corp. Blaw-Knox Co. Commercial Solvents Corp. Consolidated Chemical Industries General Foods Corp.
CONSISTS OF GRINDING AND MIXING MACHINERY designed to produce superior results in new processes or in the modernization of existing processes.
McKesson & Robbins Mid-West Refineries Penick & Ford Procter & Gamble Co. Texas Gulf Sulphur Co. Union Carbide & Carbon Corp U. S. Gypsum Co. Zonite Products Corp.
P E R COMMON SHARE
1940
1941
1940
1941
$1.300.582 584,353 562,437 168,898 3,061,111 342.821
904,379 397,670 732.504 223,325 3.156.677 329.268 1.352,825 127.793 412,277 6,974,603 1.469,959 10,916.770 1,558,832 94,928
$0.99 0.44 0.21
$0.68 0.30 0.28
0.55 0.73
0.57 0.70
0.06 0.37 0.69 0.72 1.19 1.32 0.03
0.21 1.12 1.06 0.38 1.18 1.19 0.11 3.27 4.24 4.60 2.67 0.62 1.12 2.78 1.44 2.95
32,390 138,297 4.589,992 2,767,763 11.004,533 1,713,781 29,315
N I N E M O N T H S ' EARNINGS
Atlantic Refining Co. Atlas Powder Co. Babcock & Wilcox Co. Bausch & Lomb Optical Co. Commercial Solvents Corp. Fansteel Metallurgical Corp. Libbey-Owents-Ford Glu s Co. Lindsay Light & Chemical Co. Link-Belt Co. Monsanto Chemical Co. United Chemicals, Inc. U. S. Industrial Alcohol Co. (6 months) Westvaco Chlorine Products Corp.
6.560.394 1,127,261 1.832,266 1,369.575 1,608,988 147,732 7.314,781 77,973 1,780,740 3,811,344 130,166 390,651
9,163,045 1.326,097 3,095,576 1,302,643 1,637,486 260,000 6,996,560 99,701 2,172,824 4,936,579 174,697 986,072
2.30 3.48 2.72 2.84 0.61 0.58 2.91 1.08 2.37 0.99
2.62
971,290
927,973
2.19
2.05
1.63 6.57 0.75
4.14 7.83 4.46
... ...
TWELVE M O N T H S ' EARNINGS
Knowledge acquired through long experience guides the application of Prater Process ing Equipment—and its per formance is backed by an unlimited guarantee.
PRATER Processing Equipment
Koppers Co. Sherwin-Williams Co. Wesson Oil & Snowdrift Co.
2,833,723 4,828,746 1,609,385
T h e Champion Paper & Fibre Co. h a s filed a registration statement with t h e S E C covering $8,500.000 of first mortgage bonds, due November 1, 1956, 40,000 shares of $5.00 cumulative convertible preferred stock, without p a r value, a n d a n undetermined number of shares of common stock, without p a r value, to b e reserved for conversion of preferred. N e t proceeds will be applied t o redemption a t 104.5 of $4,125,000 principal amount of 4.75 per cent sinking fund debentures due in 1950, and a t 102.25 of $4,535.000 principal amount of 4.75 per cent sinking fund debentures (1938 issue). The balance will be added t o t h e c o m p a n y ' s working capital· McKesson & Robbins, Inc., earned $1,352,825 in t h e three months e n d e d September 3 0 , 1 9 4 1 , the first three m o n t h s of t h e company's operations since it w a s returned to private management on J u l y 1. Figured on a comparable basis, this is considerably higher than t h e net profit i n t h e September quarter of 1940. Negotia tions are being conducted toward settle ment of a predecessor company's guarantee of profits of McKesson & Robbins, L t d . (Canada), and reserves have been created to cover claims. Should t h e claims b e settled this year, there will be a further substantial savings in taxes. Net sales f o r t h e three months were $50,213,046, an a l l time high. Sales for t h e first nine m o n t h s
5,343,712 5,611,185 3,770,942
of 1941 were 21 per c e n t higher t h a n in 1940. T h e United G a s Improvement Co. a n d subsidiaries report for 12 m o n t h s ended September 30, 1941, n e t income of $24,301,244 after depreciation, interest, amor tization, subsidiary preferred dividends, minority interest, a n d provision of $11,402,938 for federal income a n d excess refits taxes. This is equal, after diviend requirements o n $5.00 preferred stock, to 88 cents a share on common, and compares with $27,660,687 or $1.02 a common share in t h e 12 m o n t h s ended September 30, 1940. N e t income for t h e quarter ended September 30, 1941, w a s $3,963,778 after charges a n d provision of $3,979,534 for taxes, compared w i t h $6,547,351 in t h e September 1940 q u a r t e r .
§
T h e Westinghouse Electric & M a n u f a c turing Co. is planning t o sell a n issue of $20,000,000 debentures. A t a recent special meeting of stockholders, t h e a u t h o r ized indebtedness of t h e company was i n creased t o $50,000,000 a t a n y one t i m e i n connection with t h e general financing p l a n now in progress. T h e 534,426 shares of common stock offered t o stockholders October 1 5 have been sold. 506,223 shares t o stockholders a n d t h e balance t o t h e underwriters. T h e proceeds a r e being used t o p a y off $21,000,000 borrowed for working capital a n d t h e balance is t o b e added to t h e company's cash surplus.
November 25, 1941
NEWS
G A S and ACID Leaks
EDITION
1381
Lei u s prove T h e MASTER'S Ability with our Laboratory Size T h e MASTER PULVERIZER Delivers a line evenly pulverized finished product, ideal for lead, mica, chalk, spices, «sugar; kaolin, dyes, copra salts, cocoa cake, etc.
aUtk CHARLAB C H E M I C A L PUTTY Waterproof—Acid 2 0 * per lb. F.O.B. [CHARLOTTE, N . C 5 % discount for quantities of 2 0 0 îbs. Packed In Standard 50-lb. containers
F i n e n e s s f r o m 30 s n e s h t o 325 m e s h ( w i t h o u t D o s t ) Requires no auxiliary separators, fans or collection equipment. Send in your samples for Test report
Resistant—Stays Plastic
• Stops Gas and Acid Leaks at Flaag· Joints • Packs Expansion Jointe Excellently • Makes Tight Joists at Bell and Spigot Connections
FREE Blue Prints and Specifications
CHARLOHE CHEMICAL LABORATORIES, I N C CHARLOTTE
NORTH C A R O L I N A
EMANATIONS Would That I Could Be an A t o m W H Y can't I be time And live thru All the yesteryears And eons to come? Why can't I be space And live to love life From the brink of our universe To the innermost kernel of t h e atom?
Motion Pictures on the Operation of a Lathe
Centennial of Goodrich's Birthday Commemorated
HPo SPEED up the training of lathe op
/ C I T I Z E N S of Chautauqua County, NT. Y.,
erators for national defense industries, the South Bend Lathe Works, South Bend, Ind., has sponsored the produc tion of a series of 16-mm. sound motion pictures in full color based on the book "How t o Run a Lathe". Professionally filmed by Burton Holmes Films, Inc., at the South Bend lathe factory, these pictures show practical shop methods as used in modern industrial plants. Showing time for each of the two 8 Mfoot reels now completed is approxima ly 20 minutes.
Τ TNITBD STATES Patent 2,256,507
iover-
ing apparatus for conditioning >aper, has been issued t o C. G. Weber and tf. N. Geib of the National Bureau of Itandards. I t is assigned to the Govei ment. This invention relates to an ap juratus for conditioning paper or other hygro scopic materials in sheet form t o îe best moisture content for printing, folding, coating, sealing, gluing, waxing cutting, slitting, slotting, drilling, pun ling, or otherwise converting or treating.
Would that I could be an atom Thrown into time and space, Living and loving all life Everywhere, thru all of time. Would that I could cease t o be As I am, and become a n atom. SARKIS SARO SARYAN NEW Y O R K UNIVERSITY WASHINGTON SQUARE COLLEGE NEW YORK, Ν . Υ.
from
GRUENDLER C R U S H E R S PULVERIZER COMPANY 2921-23 N. Market St. St. Louis, Mo.
Apparatus for Condition! g Paper
And why, tell me, can't I be matter And live to love all life. . . The life of matter, The life-in-matter?
GRUENDLER
^ ^ have dedicated a granite monument t o a native son—Benjamin Goodrich, pioneer in the rubber industry and founder of the B. F . Goodrich Co. The ceremony was held on November 4, the centennial of Dr. Goodrich's birth in the Lake Erie village of Ripley. Colonel David M. Goodrich, chairman of the company board and son of Dr. Goodrich, and John L. Collyer, president, participated in the program.
Phosphate Rock Plants to Be Built Γ 1
| Η Β International Agricultural Corp. is building a phosphate rock plant in Florida t o offset exhaustion of phosphate ore in present areas. Construction is also planned in Tennessee. Stockholders of the company have voted to change the corporate name t o the International Minerals & Chemicals Corp. GENERAL
ELECTRIC'S
Plastics Depart
ment plans construction of a $1,000,000 plant for manufacture of a synthetic phenol. The plant is being built a t the request of OPM.
our own laboratories
POLIDASE
IMPORTANT!
Beg. U. S. Pat. Office
Vegetable enzyme high in proteolyric, amylolvtic, and^ phosphorolyric activity — particularly suited tor use in the determination of Vitamin Bi by the thiochrome method. also
GLUTATHΙΟΝΕ N U C LΕI C ACID SODIUM NUCLEATE
of t h e
list
Issue of the 10th closes— 25th of preceding month
LABORATORIES, INC.
Issue of the 25th closes— 10th of the month
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^fa£wa*£~
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