The WALL STREET of CHEMISTRY Aluminum Industries, Inc., and subsidi aries for the six months ended June 30, 1939, show net profit of $115,899 after interest, depreciation, federal income taxes, etc.. equal to $1.16 a share on no-par stock. This compares with net lose of $43,060 in the first half of 1938. Net sales increased 40 per cent over the first six months of 1938. American Agricultural Chemical Co. and subsidiaries for the fiscal year ended June 30, 1939, show net profit of $764,694 after depreciation, depletion, federal income taxes, etc., equal to $1.22 a share on no-par common. This compares with net profit of $1,401,075 or $2.23 a share in the pre ceding year. Current assets as of June 30, 1939, amounted to $14,326,222 and current liabilities to $822,824, compared with $14,428,629 and $1,121,334, respec tively, at the end of the preceding year. Columbian Carbon Co. and subsidiaries for the six months ended June 30, 1939, show net profit of $1,633,599 after federal income taxes, depreciation, depletion, etc., equivalent to $3.04 a share on no-par com· mon. This compares with $1.377,072 or $2.56 a share in the first half of 1938. For the quarter ended June 30, 1939, net profit was $803,721, equal to $1.50 a snare. Davison Chemical Corp. and subsidiaries for the fiscal year ended June 30, 1939, show net loss of $278,380 after interest, depreciation, amortisation, federal income taxes, etc. This compares with net in come of $87,760 or 17 cents a share for the Sreceding year. Current assets as of une 30,1939, amounted to $6,121,197 and current liabilities to $333,897, compared with $6,267,631 and $398,987, respec tively, at the end of the preceding year. Bagle-Picher Lead Co. and subsidiaries for six months ended June 30,1939, show net profit of $359,887 after interest, depreciation, federal income taxes, etc., equal after preferred dividend require ments to 38 cents a share on common. This compares with net loss of $590,777 in the first half of 1938. Kodak Co. and subsidiaries for 24 weeks ended June 17, 1939, show net profit of $8,688,870 after depreciation, federal and foreign income taxes, etc., equivalent after dividend requirements on 6 per cent preferred stock to $3.43 a share on no-par common. This compares with net profit for 24 weeks ended June 11, 1938, of $7,051,673, equal to $3.05 a share on common. Fisk Rubber Corp· and subsidiaries for the six months ended June 30.1939, show net profit of $401,108, after depreciation, federal income taxes, etc., equal, after dividend requirements on $6.00 preferred stock, to 68 cents a share on common. This compares with $172,298 or 15 cents a share for the six months ended June 30, 1938. Net sales totaled $8,361,553 com pared with $6,619,928. Freeport Sulphur Co. Net income for the six months ended June 30, 1939, amounted to $654,995 or 82 cents a share, compared with $865,299 or $1.06 per share for the six months ended June 30, 1938. For the three months ended June 30,1939, net income amounted to $228,530 or 42 cents a share.
B. F. Goodrich Co. and subsidiaries for the six months ended June 30, 1939, show net profit of $3,122,728 after de preciation, federal income taxes, interest* etc., equal after dividend requirements of $5.00 preferred stock to $1.61 a share on no-par common. This compares with net loss of $209,551 in the first half of 1938. Interchemical Corp. and subsidiaries for the six months ended June 30. 1939, show net profit of $639,234 after depreciation, federal income taxes, etc., equal after dividend requirements on 6 per cent pre ferred stock to $1.53 a share on common. This compares with $71,253 or $1.08 a share on preferred in the first half of 1938. International Nickel Co. of Canada, Ltd., for the June quarter of 1939 re ports net profit of $8,226,137 after de preciation, depletion, income taxes, etc., equivalent, after dividend requirements on 7 per cent preferred stock, to 53 cents a share on no-par common. This com pares with $6,618,486 in the June quarter of 1938, and $9,547,300 for the auarter ended March 31, 1939. For the six months ended June 30, 1939, earnings were $17,773,438, compared with $16,732,251 in thefirsthalf of 1938. Koppers Co. and subsidiaries for 12 months ended June 30, 1939, show net profit of $1,270,139 after depreciation, interest, amortization, and federal income taxes, equal to $6.35 a share on $6.00 cu mulative $100 par preferred stock. This compares with $2.481,076 or $12.40 a share on preferred for the 12 months ended June 30, 1938. Link-Belt Co. and subsidiaries for six months ended June 30, 1939, show net profit of $442,479 after depreciation, fed eral income taxes, etc., equivalent after dividend requirements on 6.5 per cent preferred to 49 cents a share on no-par common. This compares with $382.352 or 41 cents a share in the first half of 1938. For the 12 months ended June 30,1939, net profit was $1,166,168.
of 1938, and $2,927.884 or $1.71 for the quarter ended March 31, 1939. United States Rubber Co. and sub sidiaries for the six months ended June 30, 1939, report net profit of $4,465,397 after depreciation, interest, federal and foreign income taxes, etc., equal after dividend requirements on 8 per cent noncumulative preferred stock to $1.18 a share on common. This compares with net loss of $239,213 in the first half of 1938. Sales increased 30 per cent over a year ago, but were about the same as the last haH of 1938. Vfrrinfe-Carolma Chemical Corp. and subsidiaries for the fiscal year ended June 30. 1939, show net profit of $513,798 after depreciation, depletion, interest, taxes, etc., equivalent to $2.41 a share on $100 par 6 per cent cumulative participat ing preferred stock, on which undeclared and unpaid dividends amounted to $65.50 a share or a total of $13,954,916 on June 30, 1939. In the preceding year net profit was $404,861, or $1.90 a share on pre ferred. Current assets as of June 30, 1939, amounted to $10,824,733 and cur rent liabilities to $1,609,393, compared with $10,601,590 and $1,043,035, respec tively, at the end of the preceding year.
Industrial Literature (Continued from page 584) ductions of blueprints explain the me chanical features of design and details of the varied types of motive power that may be used. Bulletin 1226 IE. THE
SHARPLES CORP.,
2336
St., Philadelphia, Penna.
Westmoreland
Temperature Detector. A profusely il lustrated 6-page folder describes an im proved type of temperature detector. This device which "looks" at heat from a safe location is able to obtain continuous temperature data from points never before detectable. Called a "Ravotube", this McKesson & Robbins, Inc., and sub detector can sight on work in motion, or sidiaries for the six months ended June 30, on the roof or walls of a retort, or into a 1939, show profit of $1,502,326 after target tube at its closed end which can be charges, federal income taxes, etc., but projected inside furnaces, kilns, or ducts. excluding provision for interest on 5.5 per It is said to be safe from damaging heat, cent debentures. For the first half of sealed against contaminating gases, and 1938 net profit was $348,069. For the virtually unaffected by vibration. Folder quarter ended June 30, 1939, profit was Ν88 Β (2) IE. LEEDS Λ NOBTHBUP CO., $863,761 after charges and federal taxes, 4934 Stenton Ave., Philadelphia, Penna. compared with $638,565 for the quarter ended March 31,1939. Testing Instruments. A new 164-page Pennsylvania Salt Manufacturing Co. catalog describes instruments for testing for the fiscal year ended June 30, 1939, cement, soils, and petroleum and its prod shows net profit of $1,294,087 after de ucts. The Cement Section includes in preciation, depletion, federal, state, and struments for testing portland cement, local taxes, equal to $8.63 a share on concrete, mortar, aggregates, lime gyp common. This compares with $1,035,- sum, etc. The Soil Section deab with the 498 or $6.90 a share in the preceding mechanical stability of soils and includes the latest development of uses by testing year. engineers and subgrade and road materials Sterling Products, Inc., reports for the testing laboratories. The Petroleum Sec quarter ended June 30, 1939, net profit tion is devoted to the testing of crude and of $2,382,168 after depreciation, federal refined petroleum, greases, compounds, Catalog IE115 IB. income taxes, etc., equal to $1.39 a share gasoline, etc. on common. This compares with $2,088,- AMERICAN INSTRUMENT CO., Silver Spring, 328 or $1.22 a share in the June quarter Md. 586
