Hercules Powder Co expands into diverse chemical fields
The Hercules Powder Co grown beyond explosives since 1912 now derives most sales from naval stores and cellulose derivatives. Growth in cellulose acetate and toxaphene dominates, with plans for a third toxaphene plant and an $8 million Gibbstown plant to upgrade naval store derivatives. 1952 earnings projected around $4.30 per share amid strong financials and over $53 million invested recently.
MENTIONED IN THIS ARTICLE
Ron’s
Diggest
Hercules Powder “Co
Hercules
Vnew
Naval
Gibbstown
N. J
Delaware River
I ‘Ith
Hercules Powder Co. Financial Snapshot in 1951
The report shows liabilities of 29.5 million with a 2.4 to 1 current ratio. Cash items total 23.7 million. There is no funded debt. The 2,672,038 shares of common stock follow 87,488 shares of $5 cumulative preferred. Dividends have been paid since 1913, averaging 60.5 percent of earnings per share over the past decade. 1951 dividends were 3 dollars per share. Hercules Powder Co. listed on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
Hercules Powder Co. Common
Preferred
New York Stacks Exchange
More Room in GOP Washington Farm Policy Clash
AFBF spokesmen say the GOP platform contains more room for farm policy aligned with their views, while remaining hopeful Adlai Stevenson will endorse farm policies closer to their stance. They deny endorsing any candidate, emphasize informing members of candidates’ farm positions, and note Democratic plank drafted by Brannan and Ley. A Milky Way sky chart distribution note appears as a secondary item.
MENTIONED IN THIS ARTICLE
Washington
American Farm Bureau Federation
Adlai Stevenson
Roger Fleming
Bureau
Allan B. Kline
Man
Brannan
Fleming
Farm Organization
Ley
D-Nc
House Agriculture Committee
Rev Frank Norris Dies in Florida Near Jacksonville
Renowned Baptist preacher Rev J Frank Norris died early Wednesday near Jacksonville Florida apparently of a heart attack He was 74 and had been in declining health for two years A son Rev George Norris said his father died at a youth camp while en route to a state wide fellowship meeting in Florida after flying from Fort Worth Texas
MENTIONED IN THIS ARTICLE
FT. Worth
J. Frank Norris
Jacksonville
Fla
George Norris
Florida
U S Move Reported In Urgent Iran Plea
Washington reports say the United States urged Britain to join an Anglo American emergency aid plan for Iran to prevent a possible Communist coup. Secretary of State Acheson conveyed the plea to Foreign Secretary Eden within ten days, stressing quick joint action to prevent Iran's oil from falling to Russia. Britain reportedly remains cool to the idea but did not reject it outright. The U S offered a token grant of five to ten million dollars if Britain would also buy two million tons of refined oil and support international arbitration over the Anglo Iranian dispute.
MENTIONED IN THIS ARTICLE
Washington
U. S
Britain
Iran
Acheson
Anthony Eden
Eden
U.S
Tran
Persian Gulf
Stopping Sewer Odors In Basement Drains Solution
The Plumbing and Heating Industries Bureau says sewer odors from a floor drain trap may come from water evaporating. Pouring at least a gallon of water into the trap can often solve the problem.
MENTIONED IN THIS ARTICLE
Plaming and Heating Industries Bureau
Forger Targeted Ailing Woman In Worthless Check Case
Riverhead N Y State police hunted an ill 125 year old woman alleged to pass worthless checks to pay for medical care and narcotics. Lindsay Henry Suffolk County District Attorney said the woman, known by aliases, faced charges after using a forged 45 dollar check to cover a prescription for pain relief. The patient, described as cancer afflicted and weighing about 100 pounds, had been seeking to open a bank account and obtain narcotics prior to the alleged crime.
MENTIONED IN THIS ARTICLE
Suffolk County District
Lindsay Henry
Riverhead
N. Y
Henry
Grace
Chiang urges Confucian revival as basis for China reforms
In Taipei Formosa President Chiang Kai shek appeals for a revival of Confucian teachings as a cultural base. He cautions against treating every Confucian word as gospel and argues a studied approach is needed to rebuild China along democratic and scientific lines.
MENTIONED IN THIS ARTICLE
Taipeh
Formosa
Chiang Katchek
Chia
Confucius
China
Also Mentioned on This Page
Baerron
Journal World
Hercules der Co
Sunflower Ordnance
Farm Bureau
Frank Norris
Gruby
Roberts
U. S. Move
Mase
Royal College
Ain
Fayon Tropicals
Atl Wool
Terrya
Kani
Rayons
Wandeulf
Ravens
Atzlea
Sthfis Group
Rayona
Plata
Tency
Rayen
Wei In
Wei
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