The W A L L Dow Chemical Co. directors have declared dividends payable Jan. 15 as follows: cumu lative preferred stock. Series A, S l.OO; com mon stock, $0.75 per share. Hercules Powder Co. directors have de clared a year-end dividend of $1.00 a share on common, payable Dec. 22 to stockholders of record Dec. 11. Johns-Manville President Brown told employees that -while volume of business in 1945 is expected to be less than in 1944, plants will not have to be shut down for reconversion, and the same products will be made. Directors of International Minerals & Chemical Corp. have declared the regular quarterly dividend of $1.00 per share on 4 %
S T R E E TofChemistry cumulative preferred stock and 50 cents p e r share on common, both payable Dec. 30 t o stockholders of record Dec. 18. Sherwin-Williams Co. sales in the quarter beginning Sept. 1 were 12.8% above t h e corresponding period of 1943. War business dropped slightly. Stockholders of Western Cartridge Co. o n Dec. 11 approved the merger with the OLin Corp. and formation of a new corporation, Olin Industries, Inc., as the parent company of all industrial enterprises formerly c o n ducted by the two concerns. Merger h a s previously been approved by Olin stock holders. Stock in Olin Industries will b e issued as of Jan. 1, 1945.
1943 S 55,852 779,615 3.111,917 3,767,883 403.487
War Contributions of the Paint Industry American paint industry's contributions in this war, stains, varnishes, camouflage, and flameproofing materials, have saved countless lives, said Colonel Edgar W. Garbisch, district engineer for t h e TJ. S. Army at New York City, in an address at the presentation of the Army-Navy " E " Award for high achievement to the employees of the Hilo Varnish Corp., Brooklyn, Nov. 28. Assisted by such contributions of chemis try,* the war in the Pacific will be carried on relentlessly until Japan is completely em ashed, the Army engineer declared. Allied victory, he said, is inevitable. H. S. Rogers, president of the Polytechnic Institute of Brooklyn, and head of the borough's chamber of commerce, said that there were more than 6,900 industrial com panies established in Brooklyn, and that of this number only a very small percentage had received the Army-Navy honor. Hilo Varnish, Dr. Rogers continued, well deserved its **E" commendation. During the 81 years of its existence, the company has been under the management of one family.
Sales of Surplus War Materials The traveling sales representative, whose profession nose-dived into virtual oblivion on December 7, 1941, is back on the road again but with a new line of goods, surplus war materials. The Westinghouse Electric and Manufac turing Co. disposition of the materials n o longer needed by the Army, Navy, or Mari time Commission and which would not be adaptable to peacetime pursuits of the com pany is being handled under direction of a Surplus Property Committee composed of three senior officers: Andrew H . Phelps, vice president in charge of purchases and
VOLUME
2 2, N O .
1944 « 66,588 804.300 2.491,002
24»
VINYL ACETATE
PER COMMON SHARE
194S $0.74 1.31 3.33
1944 $0.94 . 1.87 2.27
Six MONTHS* EARNINGS
Crown Zellerbach Corp. U. S. Plywood Corp.
Without Restrictions
(MONOMER)
TWELVE MONTHS' EARNINGS
Imperial Varnish and Color Co. Parker Rust Proof Co. Wesson Oil & Snowdrift Co.
NOW AVAILABLE
3.596.493 519.300
1.08 1.25
l.OO 1.59
traffic; Gwilym A. Price, vice president whose duties include settlement of -war c o n tracts; and E . L. Spray, assistant to t h e president in charge of the headquarters Manufacturing Division, Pittsburgh.
National Victory Garden' * Institute Awards In recognition of outstanding contribution of industry to the 1944 war effort, the N a tional Victory Garden Institute has awarded plaques to American industrial companies. Awards include: Armstrong Cork Co., Lancaster, Pa. Brown Co., Berlin, Ν. Η. Cambridge Rubber Co., Cambridge, Mass. Corn Products Refining Co., Chicago, 111. Corning Glass Works, Corning, Ν. Υ . Great Western Division, Dow Chemical C o . , Pittsburg, Calif. Firestone Tire & Rubber Co., Akron, Ohio General Electric Co., Bridgeport, Conn. General Motors Corp.,. Detroit, Mich. Goodyear Tire & Rubber Co., Akron, Ohio Hercules Powder Co.. Wilmington, Del. Lucidol Corp., Buffalo, Ν . Υ. Lukens Steel Co.. Coatesville, Pa. Manhattan Rubber Manufacturing Division, Passaic, N . J. Rumford Chemical Works, Rumford, R. I . Shell Oil Co.. New York, Ν. Υ. Standard Oil Co. of California, San Fran cisco, Calif. Texas Co., New York, Ν. Υ. Upjohn Co., Kalamazoo, Mich. Westinghouse Electric & Manufacturing Co., East Pittsburgh, Pa. Graphite anodes are beingflownt o Chung king from India to keep China's chlorine and caustic soda industry operating a t full ca pacity. The first plant, set up in Shanghai in 1929, was dismantled at the approach of the Japs, transported to Chungking, and re assembled there, where i t has remained in continuous operation.
DECEMBER
2 5,
1944
Effective January 1st MONOMERIC VINYL ACETATE is being taken off allocation. Now is the time to plan and prepare for the large peacetime demand for Yinyl products. Large amounts of VINYL A C E T A T E will be used in the manufacture of Poly Vinyl Acetates, Poly Vinyl Alcohols, Poly Vinyl Acetals, copoly mers, and synthetics for a large variety of civilian uses. Niacet is prepared to make prompt shipments in tank cars or drums. For further information write to:
NIACET CHEMICALS CORPORATION
2231
Λν
BLAW-KNOX
EQUIPMENT
