| OCR Text |
Show Sharp Sales Rise*Repororte 36 36 Sales of Olin Industries, Inc. ‘dur- annual capacity of about ing 1952 increased by more than lion pounds of cellophane. During the year facilities $20 million over 1951, but price mil in New prod- Haven, Conn. were opened for recompany’s the on controls polyon cellophane, work ucts ‘contributed substantially” to search products. chemical and M. ethylene John earnings, in s decline cello-| i6@ plans Olin, president, announced in the Further expansion alannual report to the stockholders. phane include a new plant site nd ‘Ind., Kern at ready acqtiired At the same time, Mr. Olin said, onal site, which 18 being| increased labor and material costs an additi said. controlled sought now, the report up.in were not made The report also noted that Olin) price changes, thus,adding to the decrease in earnings. This was es- has obtained at 65 per cent DPA the in true pecially Arms and Ammunition Divisions, he said. company's and Metals May Make Aluminum Noting that Olin fered an ernment recently of- was opportunity byethe Govaluminum enter:the to write-off for the eonstruction of a and “dissolving sulphate bleached 70,009 of nitrating wood pulp mill pulp using capacity, annual tons wood from the company’s own tim- berland. Developing | Oil, Gas report the field, manufacturing under are stated that negotiations During’ 1952 Olin largely termi-| nated the policy of leasing min~ way with Government officials for eral rights on lands owned by frost, which a supply contract to carry out the Lumber. Inc, Industries, y, project. Januar in Clin was merged with involves 4 1952. The report said the company The entire program plant expenditure of $169 million, is now participating in developing, the report said. Of this, $126 mil- these oil and gas properties, lion is coveréd by an 85 per cent United certificate necessity of the from A -suit filed against | | | the whol! ly a Co, Cartridge States Defense Production Administration owned subsidiary, by the Govern-' and $43 million by a 50 per cent ment, was decided in favor of the DPA certificate. 8. Dis trict! The uses company an a tool which subsidiary of Court for to its line added explosive U. by the the Eastern District of | *‘States. United the and Missouri, products during the year with the ‘Bichth the Fasteners, Court of Appeals for of Ramset acquisition District. Ine. The Ramset fastening system | Account Income ConsoHdated utilizes a powder charge to. drive sincine Y ears Ended Dec. 31— | steel fastening studs into steel and concrete, saving up to 75 per cent in ¢osts And up to 90 per cent in time, according to the report. It is described ern as fastening one of the systems most mod- available to industry. The report noted that the Olin production in plant, Cellophane since December; 1951,..was in, full operation throughout 1952; with an Sales Net Income 405! $188, 506, 993 10,709 045 —_ Balance 4971. $168, ie ake TH 165,000 Sheet \s of Deg oie<--— 1952. ‘19351. $176;47%3, 000 Current assets $110, 702,789 38,050,403 34,819,415 Curent liabilities— 67,872,466 75,883,374 Net work’g capital — wee --s -—- |
