third quarter best yet

4
Another packaging development from Du Pont! Now... Du Pont Nitric Acid in Foam-Cushioned Cartons! New disposable containers absorb shock, resist breakage Now 1- ami 5-pint bottles of Du Pout Nitrie A<i»l are >iq*plied in a new i- pe of carton for added *afel\ ami conven- ienre!Lightw eight.ea>\ -t«»-handlefoam- eti>hi<»ued rart«»ii> ha\e a plaMte inner (ore uhieli al>s«»rb- >h<>. k. grealh re- dure* hazard of breakage. New ea>il\ di»n<»>able carton* b»r Ni- tric Acid join a liM of other Du Pont packaging de\ elopments including: Single-trip (Airtons for all reagents. Safety (^rips on heavier 5-pint bottles, Dripless Sleeves, Color Coding of caps and labels. On vour next order, specify Du Pont Reagents. K. I. du Pont de Nemours & Co. (Inc.). (irasselli Chemii als Dept., Wilmington 98. Delaware. Special Cartons for Du Pont Nitric And meet all I.C.C v.|anilanl<i of safetv. \l.o\e. carton of nitric acid i> dropped a distance of \ i'eet to concrete floor. P a c k a g e a b s o r b s s h o c k , p r e v e n t - l»«»tt!*• b r e a k a g e . REG u S PAT OF? BETTER T H I N G S FOR BL'^LR I'.iNG "XH CHfvt/STJ?y THE SECRET'S IN THE CORE! "Fome-Cor" con- tainer board manufa* tured l>\ St. Kepis. Paper Co. has shock-al»s.ori»tn<:. acid-resistant inner core of plastic foam. For added protection, same material is used m construction of bonle nests. DU Ο Ν Τ REAGENTS SULFURIC ACIO AMMONIUM HYDROXIDE ACETIC ACID GLACIAL e HYDROCHORIC ACID NITRIC ACID GRASSELLi SALES OFFICES: A-ar-c f. Co . . w\ es» P^^-^e ^- ee> Bcs»:r 1~. K'oss.. U?• ^edeni Street- O e a j c 32, I , <"il SCL'-C-;V%*-'3 A.*..,- C .r.r r^c- I C'-c . eC3 *<--• : - - 'rr B CJ C p.- 3-c! u. O-::. \'i:\ Nat oral C-'v Berk B-da [/e"C '3' V •"" .:ar 13; vv V. es* 7 N' p C : oo V 'A-:,I^ 1 3. v\ sc eSO V\PS» C, T~ S "«»»-• Vr.-«. 3: ~. s 2. \ * -"-._ 1 2C7 Foshay "C-Ae' K~v% M-ver 13 Ccr-r c {?•>•»' ^ » . „ „ . | \ evv y,-fk 1_K> 3 v' F *t-.A,~- jt- v\ ¥ -.^v.o .3 P3 WLjuL^cas^' Ave.. P^U'.JM', h.PiiC'jriBsj ^ ir.^'.Mc , K S b-"v^ - rd Bi.d.. C 3»':-n On West Coast: B' 3ur.Kne--•. H*.r-.c-r Cc , UC<. '6- ^- e~» Scr f.Cr.,- sr~ 1- Cc' * 6S V\ eo 5" Sr,^. So' ijie C *•. . ' ^ B-T.- Oem.-a C c : , 1363 Sect" Boir-,e be-a-- ? ace . . s A r j e c . >i Co ( 17-4i i n ? - a Ave. bar L ^ j o . Ca ' '.»"k »\--s' Csc -<-~ R:aa. P^:.er,« A-:. ,cr V\c»e-s & frcae-s T . CwC'-s'A.-r.? '. Cl t'. ^ O * \*r.« "*-'( K;-.^c V- - c ---j j. C'-^c 801 N.'v^cs^rg'cr, 5t c nor e. West- ^-r e r t •'< -(.;t e- ( c fc<. . ^: c kc » b* S«"a"<--1 V\ C<* ' :',' /13 b V\ 1I?»- Sv.Port- 'cnc, C'e-cr. In Canada: DL-Pert Ccnorv c Ca^aac (1 -it- ..•' V J , Be* &6^, Mor'ieoi, P.^.. Canaaa. "tome-Cor" tJ> u Tu.dema.rk oj St. Regis F'<lJ>er ( onifar.y INDUSTRY & BUSINESS Third Quarter Best Yet By the end of the third quarter, U. S. manufacturing corporations had recov- ered about half of the declines that oc- curred in sales and earnings between the last quarter of 1956 and thr* first quarter of 1958, according to figures compiled by the Federal Trade Com- mission and the Securities and Ex- change Commission. Compared with 1958s first quarter, the recession's low point, third quarter sales were up by S3.5 billion, and profits were up by $800 million. Compared with 1958's second quarter, third quarter profits increased by 1"7*^, sales increased by 2'i. But while third quarter figures (profits, $3.3 billion; sales, $76 billion) showed up as the best for any period this year, they're still below levels of the corresponding period a year ago ' profits, $3.7 billion, sales, $79.6 bil- lion ). Third quarter figures for chemicals and allied products show that earnings after taxes were$426 million, compared with $392 million for 1958's second quarter and $146 million for 1957's third quarter. Third quarter chemical sales were $6.05 billion, compared with the second quarter's $5.87 billion and last year's third quarter figure, also $5.87 billion. WEEK'S PRICE CHANGES December 22, 1Q58 Advances CURRENT ('amauhit wax. N»~o. 3 . \.( lb. S 0.7»> (i'lin ru>iti> c.l.. I0O lbs.: K. M. ".7"> \. 9.80 w<; ".So WW 1O.40 Nitroht-nzetie sulfonic ueid Sodium. e.I.. lb. 0.10 Peanut oil. c-rudf. tanks. 1»». 0.14 Suvlx'an rural. Decatur. ton (50.00 Wood resm. H, el. . So.. I'M) lbs. 4.25 Wood ro.Mii. I K . r.L. lOO lbs. 7.00 Declines Caffeine. T.S.P.. I0O l b . IT*., lli.: Anlivdro-.iN S 2.10 S 2.50 lly.Iro.is 1.9»i 2.3.-J CsTronellol. ll>. 2.(>5 2.75 (\>eonut oil. erudi*. Ooast, U>. 0.17 Copra. Coast, ton 2.50.00 Mpiehlorohvdrin. lb.: Tanks O..J0 r.l 0.:i2>/a l.e.l. 0./54 Menttiol Brazilian, lb. 4.90 Sovbean oil. Deeatur. lb. O.Ol^/a Tin metal, lb. O.'JSVs PRJ^VIOUS 0.74 V).H0 y..i5 y.lio 10.30 0.37 0.13V< 5S.00 4.00 6.50 0.17'/= 235.00 0.33 0.351/2 U. 3»»V= 5.0(> 0.09*/a o.yy 1 ^ 16 C&EN DEC. 2 9, 1958 M1TDIC ACEU AfttftfMC :ΜΙ1Γ M1TKIC &£& «birrm AfW BUMUNr

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Another packaging development from Du Pont!

Now... Du Pont Nitric Acid in

Foam-Cushioned Cartons!

New disposable containers absorb shock, resist breakage

Now 1- ami 5-pint bottles of Du Pout Nitrie A<i»l are >iq*plied in a new i- pe of carton for added *afel\ ami conven-ienre!Lightw eight.ea>\ -t«»-handlefoam-eti>hi<»ued rart«»ii> ha \e a plaMte inner (ore uhieli al>s«»rb- >h<>. k. grealh re-dure* hazard of breakage.

New ea>il\ di»n<»>able carton* b»r Ni­tric Acid join a liM of other Du Pont packaging de\ elopments including: Single-trip (Airtons fo r all r e a g e n t s . Safety (^rips on heavier 5-pint bottles, Dripless Sleeves, Color Coding of caps and labels.

On vour next order, specify Du Pont Reagents. K. I. du Pont de Nemours & Co. (Inc.). (irasselli Chemii als Dept., Wilmington 98 . Delaware.

S p e c i a l Cartons for D u P o n t Ni t r i c A n d mee t all I . C . C v.|anilanl<i of sa fe tv . \ l . o \ e . c a r t o n of n i t r i c acid i> d r o p p e d a d i s t a n c e of \ i'eet to c o n c r e t e floor. P a c k a g e a b s o r b s s h o c k , p r e v e n t - l»«»tt!*• b r e a k a g e .

REG u S PAT OF?

BETTER T H I N G S FOR BL'^LR I ' . i N G " X H CHfvt/STJ?y

THE SECRET'S IN THE CORE! " F o m e - C o r " c o n ­t a i n e r b o a r d m a n u f a * t u r e d l>\ S t . Kepis. P a p e r C o . has shock-al»s.ori»tn<:. ac id - res i s t an t i n n e r c o r e of p las t ic foam. Fo r a d d e d p r o t e c t i o n , s a m e m a t e r i a l is u sed m c o n s t r u c t i o n of b o n l e n e s t s .

D U F» Ο Ν Τ R E A G E N T S S U L F U R I C A C I O • A M M O N I U M H Y D R O X I D E • A C E T I C A C I D G L A C I A L

e H Y D R O C H O R I C A C I D • N I T R I C A C I D GRASSELLi SALES OFFICES: A-ar-c f. Co . . w\ es» P ^ ^ - ^ e ^-ee> Bcs»:r 1~. K'oss.. U?• ^edeni Street- O e a j c 32, I , <" i l S C L ' - C - ; V % * - ' 3 A.* . . , - C .r.r r^c- I C'-c . eC3 *<--• : - - ' r r B CJ C p.- 3-c! u. O-: : . \'i:\ Nat oral C-'v Berk B-da [/e"C ' 3 ' V •"" .:ar 13; vv V. es* 7 N' p C : oo V ' A - : , I ^ 1 3. v\ sc eSO V\PS» C , T~ S "«»»-• Vr.-«.3 : ~ . s 2. \ * -"-._ 1 2C7 Foshay "C-Ae' K~v% M-ver 13 Ccr-r . £ c {?•>•»' ^» . „ „ . | \ e v v y,- fk 1_K> 3 v' F *t- .A,~- jt- v \ ¥ - . ^ v . o .3 P3 W L j u L ^ c a s ^ ' Ave.. P ^ U ' . J M ' , h . P i i C ' j r i B s j ^ i r . ^ ' . M c , K S b-"v^ - rd Bi.d.. C 3»':-n On West Coast: B'3ur.Kne--•. H*.r-.c-r Cc , UC<. ' 6 - ^-e~» Scr f.Cr.,- sr~ 1- Cc' * 6S V\ eo 5" Sr,^. So' i j i e C *•. . ' ^ B-T. - Oem.-a C c : , 1363 Sect" Boir-,e be-a-- ? ace . . s A r j e c . >i Co ( 17-4i i n ? - a Ave. bar L^ jo . Ca ' '.»"k »\--s' Csc -<-~ R:aa. P^:.er,« A - : . ,cr V\c»e-s & frcae-s T . C w C ' - s ' A . - r . ? ' . C l t ' . ^ O * \*r.« "*-'( K ; - . ^ c V- - c - - - j j . C ' - ^ c 801 N.'v^cs^rg'cr, 5t c nor e. West- -r er t •'< -(.;t e- ( c fc<. . ^: c kc » b* S«"a"<--1 V\ C<* ' : ' , ' /13 b V\ 1I?»- Sv.Port-'cnc, C 'e -c r . In Canada: DL-Pert Ccno rv c • Ca^aac (1 - i t- ..•' V J , Be* &6^, Mor' ieoi, P.^.. Canaaa. "tome-Cor" tJ> u Tu.dema.rk oj St. Regis F'<lJ>er ( onifar.y

INDUSTRY & BUSINESS

Third Quarter Best Yet By the end of the third quarter, U. S.

manufacturing corporations had recov­ered about half of the decl ines that oc­curred in sales and earnings b e t w e e n the last quarter o f 1956 and thr* first quarter of 1958, according to figures compi led by the Federal Trade C o m ­mission and the Securities and Ex-c h a n g e Commission. Compared with 1 9 5 8 s first quarter, the recession's l ow point, third quarter sales were u p by S3.5 billion, and profits were u p by $ 8 0 0 million. Compared with 1958's second quarter, third quarter profits increased by 1"7* , sales increased by 2 ' i .

But while third quarter figures (profits, $3 .3 billion; sales, $ 7 6 bil l ion)

s h o w e d up as the best for any period this year, they're still below levels of the corresponding period a year ago ' profits, $3 .7 billion, sales, $ 7 9 . 6 bil­lion ) .

Third quarter figures for chemicals and allied products show that earnings after taxes w e r e $ 4 2 6 million, compared with $392 million for 1958's second quarter and $146 million for 1957's third quarter. Third quarter chemical sales were $6.05 bil l ion, compared wi th the second quarter's $5 .87 bil l ion and last year's third quarter figure, also $5 .87 billion.

WEEK'S PRICE CHANGES

December 22, 1Q58 A d v a n c e s

CURRENT

( ' a m a u h i t w a x . N»~o. 3 . \ . ( lb. S 0.7»>

( i ' l i n ru>iti> c. l . . I0O lbs.: K. M . ".7"> \ . 9 . 8 0 w < ; " . S o W W 1 O . 4 0

N i t r o h t - n z e t i e s u l f o n i c u e i d

S o d i u m . e . I . . l b . 0 . 1 0 P e a n u t o i l . c-rudf. t a n k s .

1»». 0 . 1 4 S u v l x ' a n r u r a l . D e c a t u r .

t o n ( 5 0 . 0 0 W o o d r e s m . H , e l . . S o . .

I'M) l b s . 4 . 2 5 W o o d ro.Mii. I K . r .L .

lOO l b s . 7 . 0 0

D e c l i n e s C a f f e i n e . T . S . P . . I0O l b .

I T * . , l l i . : A n l i v d r o - . i N S 2 . 1 0 S 2 . 5 0 l l y . I r o . i s 1.9»i 2.3.-J

C s T r o n e l l o l . ll>. 2.(>5 2 . 7 5 ( \ > e o n u t o i l . erudi*. O o a s t ,

U>. 0 . 1 7 C o p r a . C o a s t , t o n 2 . 5 0 . 0 0 M p i e h l o r o h v d r i n . l b . :

Tanks O..J0 r. l 0.:i2>/a l.e.l. 0./54

M e n t t i o l Brazilian, l b . 4.90 S o v b e a n oil. Deea tu r . lb. O.Ol^/a T i n m e t a l , l b . O.'JSVs

PRJ^VIOUS

0.74

V).H0 y. . i5 y.l io

10.30

0 .37

0 .13V<

5 S . 0 0

4 .00

6 .50

0 .17 ' /= 2 3 5 . 0 0

0.33 0.351/2 U. 3»»V= 5.0(> 0.09*/a o.yy1^

1 6 C & E N DEC. 2 9, 1958

M1TDIC ACEU

AfttftfMC : Μ Ι 1 Γ

M1TKIC &£&

«birrm AfW

BUMUNr

INDUSTRY & BUSINESS

Bauxite, unloaded from a ship at the Burnside Bulk Marine Terminal, is carried by conveyor to nearby Ormet plant for processing into alumina. Greater Biton Rouge Port Commission leases terminal to Olin Mathieson Chemical

Gulf Coast Gains Terminal

Now operating on the Mississippi. 30 miles below Baton Rouge, La., is the Gulf Coast's newest marine terminal-the $15 million Burnside Bulk Marine Terminal. Publicly owned through the Greater Baton Rouge Port Commission, the facility will serve, among others, Or­met Corp.'s new, $55 million alumina plant at Burnside (C&EN, July 14, page 19).

Olin Mathieson Chemical ( Ormet s co-owner, along with Revere Copper and Brass) leases the terminal from the port commission, makes the facilities available to other shippers. OM em­phasizes that though the terminal was built next to the alumina plant, it can handle far more cargo than Ormet's requirements. When construction is completed, the terminal's equipment will include Uvo gantry crane unloaders, a ship-barge loader, a 175,000 square foot storage area, an 800 foot ship

berth, barge berths, .ind a 440 hp. workboat for moving barges. Ramsay, Scarlett & Co, freight terminal operator and steamship agent And broker, op­erates the facility.

For Ormet's needs, the terminal also has an unloading facility for liquid caus­tic soda and a separate dock for load­ing alumina into barges. When Ormet goes into full production later this year, it will use 60.000 tons of caustic and 700,000 tons of bauxite each year. Ships bring bauxite to the marine ter­minal from mines in Surinam (Dutch Guiana).

Barges carry the plant's alumina out­put (345.000 tons a year) up the Mis­sissippi and Ohio Rivers to Ormet's alu­minum reduction plant near Clarington, Ohio (C&EN, May 26. page 2 7 ) . These tows, regularly scheduled, can also handle barges for other river ship­pers and carriers. And on downriver trips, the barges are available for con­tract cargoes of various dry, bulk materials. B

mmm

INDUSTRY & BUSINESS

j \ COMMENT

; . . . In a capitalistic economy of I I free competitive enterprise* the effi- j i cient utilization of capital in large I j measure is the difference between f j success and failure. I

In the chemical industry * the re- j j sponsibility for this efficient utiliza- j j tion lies in the hantls of chemical I 1 engineers . . . | 1 . . . The chemical industry in the | | next decade will he characterized | j by the greatest competition our in- f I dttstry has ever known. There will I be an increasing demand for chetn- f I icals and plastics* but satisfactory f j profits (these words now have a I j familiar ring) will only be had by j i the low cost protlucer. It will be J ! quite different than it was in the \ | past 10 years when there teas a i 1 wild rush to build new plants or en- j I large the present ones to meet the I I increasing demand for goods* some- j | times with not enough regard to | | costs. What matter was it if your j 1 process yielded a product at a j | somewhat higher cost than it should j I —there teas margin enough and j I the more important thing teas time, j | . . . The United States chemical j 1 industry needs new products and \ | cheaper tvays of making the old \ ones. If my guess is correct, the ! chemical engineer in the near fu-| ture will make obsolete some proc-I esses note in existence. Some I plants built in the heyday of the 1 last few years will have to be re-\ designed or go out of business. To-| morrow's plants tvill have more 1 pieces of equipment designed by 1 clever engineers to do a specific I job well under a particular set of | conditions* rather than using the so-| called standard design units. I Chemical firms tchich continue to 1 show a profit on their operations ! will do so largely because of the | brains of their engineers to give | them the lowest costs. Economic I survival will depend more and more 1 on ingenious engineering. | CHARLES ALLEN THOMAS, I president, Monsanto Chemical, be-I fore the 51st annual meeting of I the American Institute of Chemical | Engineers, Dec. 9, 1958.

Hercules Buys M. J. Firm Hercules Powder has purchased

Young Development Laboratories. Rock\ Hill. N. J., plastic* materials maker. Young and Hercules have been working together for almost 10 years on rocket motors for solid propellamts. using a "unique" glass-fiber reinforced plastic capable of withstanding h-eat and pressures generated by rocket en­gines.

But Hercules sa\s its interest in Young and the fiber plastic process. isn't confined to rocket engine appli­cations. According to John M. Martin, general manager of Hercules* explo­sive* department "This new structural material, as light as magnesium, as strong as alloy steel, with high impact strength and electrically nonconducting-has potential for a wide range of in­dustrial uses."

• Power Reactor Development Corp. can go ahead with construction of a fast breeder reactor in the Detroit area-according to a decision handed do\vi% by AEC. As stipidated in the original construction permit, however. PRDC will not be issued a license to operate the reactor until the commission *Tias found that the final design provides reasonable assurance that health and safety of the public will not be en­dangered by operation of the facility."' In 1956. three labor unions asked that AEC halt construction on the ground that the reactor would present a hazard (C&EN. Jan. 21. 1957. page 34) .

• Victor Chemical didn't damage SL farm near its elemental phosphorus plant at Mt. Pleasant. Tenn.. according to jury findings in the U. S. District Court for Middle Tennessee. Suit for $500,000 was filed in 1949 and brought to triai near the end of last month.

• Badger Mfg. Co. has a contract from Monsanto's Lion Oil Division to engi­neer and build a solvent deasphalting plant. The new unit will be completed this coming spring at El Dorado, Ark., will have a capacity of 5260 barrels a day.

• Federal Trcde Commission charges Diamond Crystal Salt with illegally acquiring a major competitor, Je-ffer-

TOHiTiffltil COMPOUNDS

s o n I s i o n d S o i t , LouLs\iI!e FTC's oumpLunt va> s the .ioqu-sition arid sxib-sequent merc«.*r "":iia\ !Ο>Ν*·:Ι compet i ­tion c»r ten*' to ;r*o:i >p >K i:t violation of the .?.:*t:mercer l a w . See. Τ oi' the C l a y t o n Act."" D:dim)nd Crystal has C?0 c!a> s ::i w h i c h to B!e an answer to the ooïîipîaiïi*.

• C h e m e t r o n ' s Ciircïîer O b s t r u c t i o n Div i s ion will a i t a> v î t - \ . » : i h Ameri­can a cent $\ÏÏ c h e m i c a l pr-.x-w^-s. de-\e2opet ! and ov\:ted b> J o s e f M e i s s n e r , a firm in C o l o c n e . C.e-mv^nv \ t e : » n e r pnx^esses find ii»-~ t:i manuraeturiniZ exp los ives , d v e s . plast ics , .uid other industrial products .

• D o P o n t ' s BI:n depar tment :s plant un ÎÎ to increase capaci té ior NI» îar p o k -ester film b y 3 0 ' - a; the company ' s Circle·* i l le. O h i o , plant . N e w facilit ies

INDUSTRY & BUSINESS

are s c h e d u l e d for operation carl ν in Τ 9611.

• B i s c a y n e - O a l l o w H u r Corp . , with headquarters in \ e \ v York C ; ty . is a new firm which merges the operations of four companies : B i s c a y n e Chemical L a b o r a t o r i e s , Miami . Fla. . £ermicule> Λχιά m e d ici nais marketer and com­pounder; G o l l o w h « r Chemical» Ossm-mû. Ν \ .. fungicides ΛΙΙ<Α t ieimicides maker. Α | α χ C h e m i c a l s , Miami . heav> chemica l s distiiliuttir. and G a i l o w h u r C h e m i c a l s C a n a d a , M o n t r e a l hm<zi c idc> and ^lnmeides marketer. Tlu' c o m p a n i e s will cont inue under tiicir present managements .

ί L a k e s i d e Labora tor i e s , Milwaukee, Wis . , adds three new lal>oratones as part of an expansion of its pharma· coIoix> division.

C&EN Index of Stock Prices U S . "54 SPOSHS PS3QS = I03

PULP& PAPER

300

250

200;

150

100

r ~ ""• — ""i

1

1

X F ί Ί

\ SEC

X

f

- —_.,-

" C o m p o s i t e Index

- * ^ * ^ 2 8 0 J B |

206.4

1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. 1358

FOOD PR0CESS1N6

300 ι

250 r

208.4

100 1st Qtr. 2nd Qtr. 3rd Qtr. 4tîi Qtr. 1958

Another faœîly QÎ useful cbenficais frra

Acrylonîtrite

Vinyl Acetate

Vinyl Chloride

Styrène

Acrylic Acid

Ethyl Acrylate

Butyl Acrylate

2-Ethyfrexy! Acrylate

Oecyi Acrylate

CELLOSOLYE Acrylate

DiethylaminoethyT Acrylate

Vinyl Formate

Vinyl Propionate

Vinyl Butyrate

Vinyl 2-Ethylhexoate

Vinyl Decanoate

Vinyl Crotonate

Diethyl Maleate

Di(2-Ethylhexyl) Maleate

Vinyl Ethyl Ether

Vinyl Butyl Ether

Vinyl Isobutyl Ether

Vinyl 2-Ethylhexyl Ether

Vinyl 2-Chlorethyl Ether

I-Methoxy-l,3-Butadiene

Vinyl AlSy! Ether

Monomer MG-1

Crotonic Acid

Divinyl Sulfone

For the bulletin "Monomers'* phis a copy of the "Physical Properties** booklet containing information on more than 360 CARBIDE chemicals, write Department SB, Union Carbide Chemicals Company, Division of Union Carbide Corporation, 30 East 42nd Street, New York 17, New York.

U N I O N C A R B I D E O H Ë H 1 C A L S <203V3Ï=>AWY

DIVISION O F CORPORATION

•*CetHsolve·* and ·η*β«« Carbide·* a« .... register tra%:marta», of UCC ,Λ.

200

150

S E C C o m p o s i t e I n d e x 184.7

gsssaea ^ . * * M t M L » t . · 1

CARBIDE