Page 37: of Maritime Reporter Magazine (May 15, 1974)

APL President Scott

In Line For Post Of

Secretary Of Navy

San Francisco shipping executive

Norman Scott is said to be Presi- dent Nixon's leading choice to suc- ceed John W. Warner as Secretary of the Navy. Administration sources said that Mr. Scott, who is presi- dent of American President Lines, was being cleared with key mem- bers of Congress.

Mr. Scott, a graduate of the

United States Naval Academy, is the son of an admiral who was killed in action off Guadalcanal in

World War II.

Also considered for the Cabinet post is the Under Secretary of the

Navy J. William Middendorf, who has been in charge at the Navy De- partment since Mr. Warner re- signed to head the Bicentennial

Commission.

Aerojet-General Names

Edward Brown To New

Group Vice Presidency

Edward I. Brown, an executive with wide experience in industrial manufacturing, has been appointed to a newly created position of group vice president at Aerojet-General

Corporation, El Monte, Calif.

Mr. Brown was formerly presi- dent of the Remington Shaver Di- vision of Sperry Rand Corporation, and earlier, president of Sperry's

Remington Rand Division. He also held executive management posts directing the manufacture of hy- draulic products and heavy machin- ery during his 20 years with Sperry.

Mr. Brown will have corporate responsibility for three Aerojet operating companies specializing in mechanical products—Aerojet Li- quid Rocket Company of Sacra- mento, Calif., Johnston Pump Com- pany of Glendora, Calif., and Gen- eral Valve Company of Fullerton,

Calif.

Moore McCormack

First Quarter Net

Up More Than 50%

James R. Barker, chairman and chief executive officer of Moore

McCormack Resources, Inc., Stam- ford, Conn., has announced that operating earnings for the quarter ended March 31, 1974, were up sub- stantially from the comparable 1973 period.

Income before extraordinary items for the 1974 March quarter amounted to a record $2,659,000, or $1.11 a share, up 56% from $1,708,- 000, or $.71 a share in the first quar- ter of 1973. Per share results are based on 2,391,354 average shares outstanding.

Extraordinary items amounted to $180,000 or $.08 per share, com- pared with $308,000, or $.13 per share the year before.

At the same time, revenues of $39,162,000 compared with $14,739,- 000 in the first quarter of 1973, when the company's principal ac- tivity was Moore-McCormack Lines which provides cargoliner service from Atlantic Coast U.S. ports to the east coast of South America and South and East African ports.

First quarter results this year in- clude operations of Pickands Ma- ther & Co., acquired April 3, 1973.

Pickands Mather's activities in- clude operation of iron ore and coal mining properties, management and ownership of limestone and coke facilities, operation of Interlake

Steamship, a Great Lakes bulk car- rier fleet, and acting as a sales agent for various materials.

Mr. Barker stated that the favor- able first-quarter comparison was attributable principally to opera- tions of Moore-McCormack Lines and to PM's coke and coal activi- ties which have all benefited from substantial increases in operating volume. Mr. Barker noted that iron ore and coal mining and Great

Lakes Bulk transport operations of

PM make their major contribution to Moore McCormack Resources from the beginning of the second quarter through the balance of the year.

Mr. Barker commented that "strong demand for our products and services reinforces our confi- dence that second quarter results also will compare quite favorably with 1973 performance." I»owm: BO ...the ALCO diesel fortoday's needs 0 consistently delivers as much as 25,000 hours between major overhauls

Q isolates fuel oil from lube oil to reduce bearing wear has four-point mounting to reduce vibration 0 utilizes uncomplicated design for ease of maintenance

TM

Alco has all these features • Nitride-hardened crankshaft and gearing to re- duce fatigue and wear. • Simple paddlewheel damper to eliminate dis- mantling and need for special test equipment when checking operation. • A choice of dry sump, deep marine wet sump or shallow wet sump. • Thick-wall, wet block construction creates supe- rior sound dampening. • Interchangeable fresh and raw water pumps. • No lube oil circulation needed before or after shutdown. • Only one lube oil pump for entire engine. • Infinite life crankshaft seal. • A metal-to-metal, head-to-liner seal eliminates gaskets.

Contact your local ALCO repre- sentative. Alco Engines Division,

Subsidiary of White Motor Corpo- ration, Auburn, New York 13021.

Write for this bulletin.

It gives the facts. 38 Maritime Reporter/Engineering Hews