334
INDUSTRIAL A N D E N G I N E E R I N G CHEMISTRY
The. VIALL STREET of CHEMISTRY sidiaries report net income of $1,027,255, after taxes, etc., equivalent t o 40 cents a share. This compares with 31 cents a share in the March, 1938, quarter and 44 cents a share in the quarter ended D e cember 3 1 , 1938. A slight upward tendency in business during March is reported.
ffl
available for common of $17,109,459 or $1.55 a stare, including a 68-cent dividend from General Motors. In the first quarter of 1938 balance available for common stock was $7,176,571, or 65 cents a snare, including a 22-cent dividend from General Motors. Earnings were the best for any like period since 1930. The
ALUMINUM C O . OP AMERICA and sub-
sidiaries report a net income of $15,563,145 for the year ended December 31, 1938, after federal taxes, depreciation, depletion, etc. This is equal after dividend requirements on 6 per cent preferred stock, to $5.13 a share on no-par common, and compares with $27,622,749 or $13.29 a share in 1937. Current assets as of December 31, 1938, amounted to $80,061,560 and current liabilities t o $37,984,738, compared with $48,354,687 and $25,854,286, respectively, at the end of 1937. AMERICAN
CYANAMID
C O . and
sub-
sidiaries for the quarter ended March 31, 1939, report a net profit of $1,040,478 after depreciation, depletion, research, and process development expenses, federal income taxes, etc. This is equivalent after preferred dividend requirements t o 39 cents a share on $10 par common, combined Class A and B , and compares with $94,077 or 3 cents on Class A and B in the March quarter of 1937. ATLAS
POWDER
C O . and
subsidiaries
for the quarter ended March 31, 1939, show a net profit of $220,707 after depreciation, federal income taxes, etc., equal after preferred dividends to 54 cents a share o n no-par common. This compares with $216,506 or 5 2 cents a share in the March quarter of 1938.
HAZEL-ATLAS
Hydraulic A u t o m a t i c C o n t r o l HE Reeves Pulley Co.. Columbus, Ind., announces a new hydraulic automatic control for use with variable-speed transmission. This control provides automatic speed regulation t o make possible synchronization of different machines and separate sections of a, single machine: maintenance of constant tension a n a uniform peripheral winding speeds; and maintenance of uniform pressure, weight, liquid level, temperature, and other variable elements.
T
iiiMiiiMiinma
A I B REDUCTION C O . , INC., and sub-
VOL. 17, NO. 9
GLASS
C O . and
subsidiaries for the quarter ended April 1, 1939. show net profit of $293,817 after depreciation, federal income taxes, etc., equivalent t o 68 cents a share on $25 par stock. T h i s compares with $255,803 or 59 cents a share in the March quarter of 1938. For twelve months ended April 1, 1939, net profit was $2,195,976. HERCULES
POWDER
Co.
reports
for
the first quarter of 1939 net earnings of $1,087,322 after depreciation and federal taxes. This is equal, after preferred dividends, to 73 cents a share on common, and compares with $656,027 or 40 cents a share for the first quarter of 1938. JOHNS-MANVTLLE
CORP.
and
sub-
sidiaries for the quarter ended March 31, 1939, show net profit of $125,118 after depreciation, depletion, etc., compared with net loss of $239,475 in the March, 193S, quarter. MATBOESON
ALKALI
WORKS
for
the
first quarter of 1939 report net income of $161,947, compared with $172,400 in 193S. After preferred stock dividends, federal taxes, and depreciation, 15 cents per share was available for common stock, compared with 16 cents in 1938. MEAE> CORP. for the year ended D e -
cember 31, 1938, shows a net loss of $105,802 after depreciation, interest, amortization, federal and state income taxes, The COMMERCIAL SOLVENTS CORP. and after $151,141 reduction of raw reports net profit of $198,042 for the etc., material inventories to market. This quarter ended March 31, 1939, equal t o compares with net profit of $1,841,111 or 7.5 cents per share. This compares with $2.39 a share in 1937. Current assets as net loss of $214,448 for the corresponding of December 3 1 , 1938, amounted t o quarter of 1938. $7,560,579 and current liabilities t o $2,109,694, compared with current assets C O R N PRODUCTS REFINING C O . and of $8,034,045 and current liabilities of subsidiaries report net profit of $2,003,358 $2,569,159 on December 25, 1937. for the quarter ended March 31, 1939, after depreciation, federal and state inMONSANTO CHEMICAL Co. reports net come taxes, etc. This is equivalent, after income after all charges for the first dividend requirements on 7 per cent prequarter of 1939 equal to $1,239,899. ferred stock, t o 62 cents a share on comAfter deductions for preferred dividend mon, and compares with $2,922,793 or requirements and minority interests, 88 98 cents a share in the March quarter cents a share was earned on common. of 1938. Comparable net earnings for 1938 were $669,311 or 52 cents a share. Sales were The D o w CHEMICAL C O . shows earnings approximately 30 per cent better than in for the nine months ended February 28, the first quarter of 1938, but below the 1939, after interest, estimated deprecialast quarter of 1938. Taxes during 1938 tion, and estimated income tax. of $2,440,represented 28 per cent of the payroll. 560. This is equal, after preferred stock dividend requirements, t o $2.30 a share T E X A S G U L P SULPHUR C O . for the three on common. months ended March 31, 1939, reports net earnings of $1,434,465, after depreciaE . I. D U P O N T D E NEMOURS & C o . , tion, etc., or $6,558,411 for the 12 months INC., and subsidiaries report net profit ended March 31, 1939. This is equivaof $19,075,366 for the quarter ended lent to 3 7 cents a share for the first quarter March 3 1 , 1939, after depreciation, of 1939, and compares with 4 8 cents a obsolescence, interest, and federal taxes. share in the first quarter of 1938. This compares with $9,060,602 in the March, 1938, quarter. After deducting UI*TON CARBIDE AND CARBON CORP. for debenture dividends and dividends on the first quarter of 1939 reports net $4.50 preferred stock, and including income of $5,293,885 after interest, $235,979 company's proportion of undepreciation, federal income taxes, etc., divided profits of controlled companies equal to 58 cents a share, compared with not wholly owned, there was a balance 47 cents a share in the first quarter of 1938.
HYDRAULIC AUTOMATIC CONTROL
The control is mounted at one end of the transmission frame. A self-contained hydraulic power plant, consisting of a small electric motor operating an oil pump in a reservoir to supply hydraulic power, is mounted on the right-hand set of shifting levers of the traosmission (which control disk and belt diameters and thus effect speed changes). A two-way valve is mounted integral with a cylinder immediately above the reservoir. A piston connects to the left-hand set of shifting levers, while the cylinder connects to the right-hand set, the combination of which, together with motor and oil pump, offers the source of power for speed regulation. The valve directs flow of oil to either right- or left-hand side of the piston, thus operating i t in either direction t o increase or decrease transmission speeds. Equalizing links interposed between the two pairs of shifting levers ensure equal movement o n both pairs and maintain perfect alignment of the transmission V-belt in the disks. Solvent-Free Resit* Dispersion HOPLEX W-66 is a water dispersion of a new, clear, colorless resin which contains no organic solvents or plasticizers. The clear resin deposited from this aqueous dispersion is unusually tough and flexible. I t constitutes the latest addition to the water-dispersed, colorless, synthetic resins developed by the Rohm & Haas Co., 222 West Washington Square, Philadelphia, Penna., for the production of permanent finishes on textiles, paper, a n d other water-absorbent materials. Rhoplex W-66 may b e used i n acid, neutral, or alkaline solution and is adaptable to a wide range of finishing processes. The dispersion deposits a continuous, thermoplastic film whether air-dried or force-dried. This resin film requires no curing or baking, and is unusually resistant to acid or alkali. Rhoplex W-66 increases the strength of textile fibers and fabrics and acts as an effective agent t o bind and set soft-twisted yarns and fibers. A marked increase in fullness and body is imparted to textiles by very low concentrations of t h e dispersion. The resin has proved adaptable for finishing woolens o r cottons, spun rayons or linens, and is easily applied on standard mill equipment.
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