THE WALL STREET OF
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CHEMISTRY The Celotex Corp. has filed with the Securities and Exchange Commission a registration statement covering the proposed issuance of 75,000 shares of common stock to a selected group of employees and persons having long-standing business relations with the company, at $10.50 a share. Net proceeds will be used for additional working capital and other corporate purposes.
SAIGON, INDO-CHINA Half Way Around the World Looking south across the China Sea toward Singapore stands the city oi Saigon, IndoChina. There also, half -way around the world, you will find L a y n e W e l l s and Pumps producing millions of gallons of waier daily. Layne Wells and P u m p s are in operation in all parts oi the world. Their skilliul design, sturdy construction and amazingly long life ieatures are k n o w n to engineers everywhere. Facing a world oi the keenest competition, Layne W e l l s and Pumps have long been rated as the iinest that skill and experience can build. Primarily designed and built ior peacetime work, Layne Wells and Pumps, under rigorous war-time overload conditions, are today making a magnificent record. Failures are a l m o s t u n k n o w n — a splendid tribute to the company's s l o g a n oi "Better Built ior Better Service." Production is now nearly 100 percent ior the war effort, but e v e r y effort is being made to k e e p private and municipal installations i n o p e r a t i o n . For literature, address,
The Molybdenum Corp. of America has reported net equal to 95 cents a share in 1942, compared with 89 cents in 1941, with 1942 business substantially ahead of 1941. It is to operate the Urad Mine, purchased bv the Government from the Vanadium Corp. for $110,000. The Fansteel Metallurgical Corp. reports unprecedented production of war material during 1942, with new plants opened, facilities enlarged, and an intensified tempo of production. Total net sales of the company and consolidated subsidiaries rose 65 per cent above 1941 and 255 per cent above 1940. The sales of the Vascoloy-Ramet Corp., two thirds owned by Fansteel, increased 130 per cent above 1941 and 750 per cent above 1940. Net profits of Vascoloy-Ramet for 1942, after all taxes and reserves, amounted to $497,223, compared with $268,817 in 1941. Fansteel taxes for 1942 were $1,466,000 compared with $657,770 in 1941. During 1942 a large plant was constructed by Tantalum Defense Corp., a wholly owned subsidiary, at a cost in excess of $4,000,000, with funds supplied by the U. S. Government, and is now in operation under lease. Production has already exceeded rated capacity. The consolidated output of Fansteel and all subsidiaries in 1942 was twice that of 1941 and almost 6.5 times that of 1939. The B. F. Goodrich Co. reports that in 1942 more butadiene-type synthetic rubber was produced in the plant operated by
its affiliate, the Hycar Chemical Co., than· in all other plants in this country. Net profit t o Goodrich stockholders in 1942 amounted to $9,524,706, compared with $8,608,324 En 1941. Federal income and excess profits in 1942 were $30,266,000 after deducting $1,885,000 debt retirement credfit and $1,026,000 postwar credit, compared with $11,002,000 in 1941. Consolidated sales increased 12.9 per cent over 1941. The Heyden Chemical Corp. has filed with the SEC a registration statement covering a proposed issue of $4,000,000 preferred stock. Proceeds are t o be used t o retire an outstanding issue of $1,940,000 preferred 4.25 per cent stock and to provide additional working capital. The Worcester Salt Co., established more than 5 0 y* ars ago, and in continuous operation ever since, has been sold to the Morton Salt Co. for $2,000,000. The refinery at Silver Springs, Ν . Υ., which is ome of the largest in the East, will continue operations. Problems arising from the war have con siderably affected operations of the Pitts burgh Plate Glass Co., the president re-
LAYNE & BOWLER, INC. Memphis, Tenn. PER
ANNUAL EARNÏNIÏS
UÏ!îrîi!. Western Electric Co. Weston Electrical Instrument Corp.
1941 $ 103,145 15,742,66? 1,668,311 (loss) 1,676 3,406 6,604,891 363,154 2,608,813 8,006,462 1,136,044 14,989,178 42,041,625 2,527,424 4,916,260 1,187,224 559,688 18,427,536 937,638
CHEMICAL
AND
1942 S
282,585 12ί,252,352 1,425,718 169,568 39,210 &,383,595 421,059 2,209,636 «,319,228 L, 266,474 11. ,237,132 38,088,723 2,301,230 £.263,655 1,000,870 527,684 7,548,3'· \ 727.9UV)
COMMON SHARE
1941
$ 0.64 5.59 1.25 3.09 1.58 1.81 1.64 2.27 6.82 4.35 1.80 6.20 1.58 14.45 3.07 5.84
ENGINEERING
1942 S 1.76 3.99 1.07 0.28 0.02 2.47 1.87 1.52 1.29 2.53 5.09 4.10 1.64 6.86 1.34 13.52 Ï 26 4.53
NEWS
Important Announcement... A n e w pump that fills the gap b e t w e e n diffusion and mechanical types The Distillation Products Booster Pump, Type KB-1O0, bears • t h e d i s t i n c t i o n of filling t h e l o n g - s t a n d i n g g a p b e t w e e n diffu sion a n d m e c h a n i c a l p u m p s for l a r g e c o m m e r c i a l o p e r a t i o n s . I t is r u g g e d l y b u i l t , a n d e i t h e r g a s - f i r e d o r e l e c t r i c a l l y h e a t e d . N o t e the radical improvement i n capacity over t h e particular range covered: ULTIMATE VACUUM . . SPEED AT 2 0 0 MICRONS . MAXIMUM FOREPRESSURE HEATER INPUT . . . .
.
B e l o w 2 5 microns . . 300 1/s. Approx. 2-3 m m . H g . . . . C BTU/sec.
HEIGHT LENGTH WIDTH WEIGHT
. . . .
. . . .
β ft. 3 in. . . 5 ft. . . 2 ft. . 3 5 0 lbs.
B e c a u s e of i t s i m m e d i a t e s i g n i f i c a n c e , t h i s n e w D i s t i l l a t i o n P r o d u c t s d e v e l o p m e n t is offered t o p r o c e s s i n d u s t r i e s for b o n a fide w a r u s e s . Y o u a r e i n v i t e d t o w r i t e " H i g h - V a c u u m H e a d q u a r t e r s " f o r f u r t h e r i n f o r m a t i o n , a n d t o s u b m i t d e t a i l s of your pumping problem.
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ported to stockholders, as markets "were restricted or normal operations adversely affected by shortages of critical material, discontinuance of automobile production, and severe restrictions on private con struction. Requirements of t h e armed forces partially offset this loss of normal markets. Research projects a n d develop ments that have advanced to t h e produc tion stage include a unit for fractionation of vegetable oils, a new series o f synthetic resin finishes, new aircraft finishes, a new interior flat wall coating known as Techide, a n d synthetic bristle paint brushes marketed a s Neoceta.
fertilizer brokerage firm, i s now in t h e Girard Trust Bldg., 1400 S. Penn Square.
The Harbison-Walker Refractories Co. reports that it is working almost entirely on orders connected with the war program. During 1942 it expended approximately
T H E Advance Solvents & Chemical Corp., Ν. Υ. City, has been appointed representa
$4,500,000 for capital improvements, which are practically completed and n o further substantial commitments are con templated. In N e w Addresses w
. S. CHASE D R I E R S & CHEMICALS, I N C . ,
has moved to t h e Bessemer Bldg., Pitts burgh, Penna. W O O D W A R D & DICKERSON", Philadelphia
A d v a n c e A p p o i n t e d Representative
-ΡΓ· '-%ΓΊ '^'^ί·-\-', ·
tive of the Metalead Products Corp., in the N e w York metropolitan area. Price Compilation on O i l s . H I G H and low price records of fats, oils, and by-products for the period from 1932 t o 1942 have been compiled in booklet form b y the Davidson Commission Co., Utilities Bldg., 327 S. La Salle St., Chicago. Sterol Products S P E C I A L cholesterol a n d sterol products designated as "Amerchols" have been developed for industrial use b y American Cholesterol Products, Inc., Mifltown, N . J. These are effective stabilizers, emulsifiers, and dispersing agents for drugs, cosmetics, textiles, dyes, inks, etc.
High Purity for Precision Research W H E N you specify " E a s t m a n " on orders for organic research chemi cals, you get t h e high degree of pu rity necessary for accurate results. E a s t m a n Organic C h e m i c a l s are made to meet strict standards of quality, which are expressed as melt
ing or boiling points obtained from actual laboratory analyses. These specifications are given for most of the more t h a n 3400 c o m p o u n d s that are now available to you. . . . Eastman Kodak Company, Chem ical Sales Division, [Rochester, Ν. Υ .
EASTMAN ORGANIC CHEMICALS V O L U M E
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APRIL
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