The L.S.O.G. Exchange
1
GAS and ACID Leaks CHARIAB 20* per lb. F.O.B CHARLOTTE. N. C. 5% discount For quan- tities of 2Ό0 lbs. Packed in Standard 50-lb. container» Wsterproof—Acid Rtsistant Stays Plastic © Stops Gas and Acid JLeak» at Flange Joints © Packc Expansion Joints Excellently © Makes Tight Jointe at Bel] and Spigot Connection^· CHARLOTTE CHEMICAL LABORATORIES, INC. CHARLOTTE NORTH CAROLINA For Efficient Oeh y dr atiora of 6ÂSES and LIQUIDS FLORITE, the new granular drying agent, is now being used successfully for dehydrating natural gas, propane, gaso- line, air, nitrogen, carbon dioxide and other gases and liquids where high drying efficiency is required. It selectively adsorbs 4 to 20% of its weight in water, depending upon the particular application, and is re- generated by heating to 300-350°F. FLORITE is hard, stable, non-corrosive, non-poisonous, and is available in a variety of particle size classifications. WRITE FOR COMPLETE DETAILS 1 The L. S. O. G. Exchange Edited by A. A . Ashdown, Ed. F. Degering, J. E. Hawkins, and S. L. Redman Send items to Ed. F. Degering, Department οί Chem istry, Purdue University, Lafayette, Ind. A CTIVITY in the North Carolina Section J filters in the considerable number of universities and colleges within approxi- mately 20 miles of Durham. Although this area embrace's the highest concentra- tion of chemists in North Carolina, it actually includes only about half the total membership of t he sect ion. The ot hers an» scattered from Henderson to Wilming- ton, roughly 300 miles, singly and in small groups. The section is thus acutely in volved in the problem of a scattered mem- bership, many of whom are unable to at- tend any of the meetings. The senior members who are within range of the section's activities are pre- ponderantly teachers who feel that one of the section's most important functions is to present distinguished chemists to sev- eral hundred students of chemistry and chemical engineering and thus promote a professional interest in chemistry and the activities of the AMERICAN CHEMICAL SO- CIETY. The affairs of the sect ion are in charge of an executive committee of eight. In- cluded are the chairman, vice chairman, secretary, three immediately past chair- men, and the two councilors. A com- mittee member is usually incumbent for several years and continuity of purpose in section affairs is thus assured. The North Carolina Section has no local dues and is consequently entirely de- pendent on the national apportionment for the maintenance of its program. These funds are occasionally augmented by those contributed by other scientific societies for joint meetings. Some of the meetings are also partly underwritten by one of the universities. The budget usually permits six or seven speakers per year, in addition to a joint meeting with the North Carolina Academy of Science at which tho members of ttie section present papers on research subjects. This section has not often called on irs own members for lectures. A highly successful membership drive, undor the direction of a capable commit- tee, increased the section's membership from 133 us of December 1940 to its pres- ent 162. The committee found a general publicity campaign highly effective. The incrcvise is mostly in junior membership. The section has made the students within range aware of the activity and purpose of the SOCIETY. Attendance at meetings has suffered somewhat this season in consequence of the national emergency. A considerable number of North Carolina chemists are ac- tively engaged in research on military proj- ects and in teaching courses under the K.S.M.D.T. All in all, the North Carolina Section seems to be performing its func- tions in a satisfactory manner. It is a going concern and growing.—SHERMAN* E. SMITH, Secretary, North Carolina Section, Commercial Alcohols, Ltd., for the fiscau year ended March 31, 1942, reports net profit of $90.111 after depreciation, interest, taxes, etc., equal after preferred dividends t o 35 cents a share on common. This compares with $73,515 or 28 cents a shar-e in the preceding year. For nine months ended March 31, 1942, E. R . Squibb & Sons and subsidiaries re- port net profit of $1,801,516 after federal income taxes and extraordinary reserves of £207,457, equal after dividend require- ments on $5.00 preferred stock to S3.71 a share on common. This compares with net profit of $1,347,353 or $2.40 a share on common for the nine months ended March 31, 1941. For nine months ended March 31, 1942, the Vick Chemical Co. and subsidiaries report net profit of $2,458,752 after depre- ciation, provision for federal and foreign inco>me and excess profits taxes, etc. This is ec-ual to S3.61 a share on common and compares with $2,576,887 or $3.78 a share in tlie nine months ended March 31, 1941. The West Virginia Pulp & Paper Co. and subsidiaries, reporting for six months end^d April 30, 1942, show net profit of $2,513,629 after depreciation, depletion, interest, amortization, and provision for federal and excess profits taxes. This is equal, after dividend requirements on 6 per cent preferred, to $2.27 a share on common, and compares with $2,206,428 or $1.92 a share for the six months ended April 30, 1941. The York Ice Machinery Corp. reports that earnings for the six months ended March 31, 1942, are estimated to be $784,000 (before income and excess profits taxes, surplus charges, and other reserves customarily established at the year end), compared to a $70,000 loss in the same pe- riod of the preceding year. Uncompleted orders not reflected in earnings at March 31, 1942, amounted to $14,659,256, or an increase of 104.4 per cent over the same date a year earlier. In view of rising costs and price ceilings it is not likely that the same degree of earnings improvement can be expected to continue. The U. S. District Court has decided the suit to en- join its plan of merger and recapitaliza- tion in its favor in all respects. Σ3Ι 818 C H E M I C A L AND ENGINEERING NEWS Florite Desiccant Speeify Floridin Company, Inc. tjM^SSMM-M^EMmm I^SHïlS^^^^See^^^BIlBiS ^^^^m^mm THE WALL STREET OP CHEMISTRY CHEMICAL PUTTY with
Transcript of The L.S.O.G. Exchange
G A S and A C I D Leaks
CHARIAB
2 0 * per lb. F.O.B CHARLOTTE. N. C. 5 % discount For quantities of 2Ό0 lbs. Packed in Standard 50-lb. container»
Wsterproof—Acid Rtsistant Stays Plastic
© S tops G a s a n d Acid JLeak» a t F lange Joints
© Packc Expansion Joints Excellently © M a k e s Tight Jointe at Bel] and Spigot
Connect ion^ ·
CHARLOTTE CHEMICAL LABORATORIES, INC. CHARLOTTE NORTH CAROLINA
For E f f i c i e n t Oeh y dr atiora of 6 Â S E S and L I Q U I D S F L O R I T E , the new granular drying agent, is now being used successfully for dehydrating natural gas, propane, gaso
line, air, nitrogen, carbon dioxide and other gases and liquids where high drying efficiency is required. It selectively adsorbs 4 to 20% of its weight in water, depending upon t h e particular application, and is regenerated by heating to 300-350°F. F L O R I T E is hard, stable, non-corrosive, non-poisonous, and is available in a variety of particle size classifications.
WRITE FOR COMPLETE DETAILS
1
The L. S. O. G. Exchange Edited by A . A . Ashdown, Ed. F. Degering, J. E. Hawkins, and S. L. Redman
Send items to Ed. F. Degering, Department οί Chem istry, Purdue University, Lafayette, Ind.
A CTIVITY in the North Carolina Section J filters in the considerable number of universities and colleges within approximately 20 miles of Durham. Although this area embrace's the highest concentration of chemists in North Carolina, it actually includes only about half the total membership of t he sect ion. The ot hers an» scattered from Henderson to Wilmington, roughly 300 miles, singly and in small groups. The section is thus acutely in volved in the problem of a scattered membership, many of whom are unable to attend any of the meetings.
The senior members who are within range of the section's activities are preponderantly teachers who feel that one of the section's most important functions is to present distinguished chemists to several hundred students of chemistry and chemical engineering and thus promote a professional interest in chemistry and the activities of the AMERICAN CHEMICAL SOCIETY.
The affairs of the sect ion are in charge of an executive committee of eight. Included are the chairman, vice chairman, secretary, three immediately past chairmen, and the two councilors. A committee member is usually incumbent for several years and continuity of purpose in section affairs is thus assured.
The North Carolina Section has no local dues and is consequently entirely dependent on the national apportionment for the maintenance of its program. These funds are occasionally augmented by those contributed by other scientific societies for joint meetings. Some of the meetings are also partly underwritten by one of the universities. The budget usually permits six or seven speakers per year, in addition to a joint meeting with the North Carolina Academy of Science at which tho members
of ttie section present papers on research subjects. This section has not often called on irs own members for lectures.
A highly successful membership drive, undor the direction of a capable committee, increased the section's membership from 133 us of December 1940 to i ts present 162. T h e committee found a general
publicity campaign highly effective. The incrcvise is mostly in junior membership. The section has made the students within range aware of the activity and purpose of the SOCIETY.
Attendance at meetings has suffered somewhat this season in consequence of the national emergency. A considerable number of North Carolina chemists are actively engaged in research on military projects and in teaching courses under the K.S.M.D.T. All in all, the North Carolina Section seems to be performing its functions in a satisfactory manner. It is a going concern and growing.—SHERMAN* E. SMITH, Secretary, North Carolina Section,
Commercial Alcohols, Ltd., for the fiscau year ended March 31, 1942, reports net profit of $90.111 after depreciation, interest, taxes, etc., equal after preferred dividends t o 35 cents a share on common. This compares with $73,515 or 28 cents a shar-e in the preceding year.
For nine months ended March 31 , 1942, E. R . Squibb & Sons and subsidiaries report net profit of $1,801,516 after federal income taxes and extraordinary reserves of £207,457, equal after dividend requirements on $5.00 preferred stock to S3.71 a share on common. This compares with net profit o f $1,347,353 or $2.40 a share on common for the nine months ended March 31, 1941.
For nine months ended March 31 , 1942, the Vick Chemical Co. and subsidiaries report net profit of $2,458,752 after depreciation, provision for federal and foreign inco>me and excess profits taxes, etc. This is ec-ual to S3.61 a share on common and compares with $2,576,887 or $3.78 a share in t l ie nine months ended March 31 , 1941.
T h e West Virginia Pulp & Paper Co. and subsidiaries, reporting for six months end^d April 30, 1942, show net profit of
$2,513,629 after depreciation, depletion, interest, amortization, and provision for federal and excess profits taxes. This is equal, after dividend requirements on 6 per cent preferred, to $2.27 a share on common, and compares with $2,206,428 or $1.92 a share for the six months ended April 30, 1941.
The York Ice Machinery Corp. reports that earnings for the six months ended March 31, 1942, are estimated to be $784,000 (before income and excess profits taxes, surplus charges, and other reserves customarily established at the year end), compared to a $70,000 loss in the same period of the preceding year. Uncompleted orders not reflected in earnings at March 31, 1942, amounted to $14,659,256, or an increase of 104.4 per cent over the same date a year earlier. In view of rising costs and price ceilings it is not likely that the same degree of earnings improvement can be expected to continue. The U. S. District Court has decided the suit to enjoin its plan of merger and recapitalization in its favor in all respects.
Σ3Ι 818 C H E M I C A L A N D E N G I N E E R I N G N E W S
Florite Desiccant Speeify
Floridin Company, Inc. tjM^SSMM-M^EMmm
I ^ S H ï l S ^ ^ ^ ^ S e e ^ ^ ^ B I l B i S ^^^^m^mm
THE WALL STREET OP
CHEMISTRY
CHEMICAL PUTTY
with
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