August i, 1907.] 



THE INDIA RUBBER WORLD 



355 



OKONITE CO., LIMITED. 



This company's annual return was tiled in London on April 24. 

 The whole capital (£120,000) has now been taken up, the final 

 calls on a few shares having been made during the year. One- 

 third of the capital is in ordinary shares and two-thirds in 6 per 

 cent, preference shares. Mortgages and charges, £50,400, of 

 which £33.000 are in the hands of trustees for the company. 



NEW TIRE FABRIC COMPANY. 



The Passaic Cotton Mills filed articles of incorporation under 

 the laws of New Jersey on February 5, 1907; capital, $100,000. 

 Incorporators: Robert D. Benson, Henry Binns and John D. Suf- 

 fern, all of Passaic, N. J. The company arc now building a 

 plant at Passaic, intended to be in operation by September 15, 

 for the manufacture of Sea Island and Egyptian cotton fabrics, 

 particularly for motor tires and fire hose. For some time past 

 Catlin & Co., of the cotton duck trade in New York, have con- 

 trolled a mill at Worcester, Massachusetts, operated as the Wor- 

 cester Rubber Tire Duck Co. The plant not being large enough 

 for the growth of this business, it was decided to build at Pas- 

 saic, and after the new factory is completed the work at Wor- 

 cester will be closed. The Passaic plant stands on a tract of 

 S acres, on the Delaware, Lackawanna and Western railroad. 

 R. P. M. Eagles is vice-president and L. R. Cowdrey secretary 

 and treasurer. 



THE FISK RUBBER CO. 



The Fisk Rubber Co. have taken possession of the new build- 

 ing erected for their New York branch, at No. 1725 Broadway. 

 Its equipment comprises a very complete tire vulcanizing plant. 

 Mr. J. W. Bowman, who recently resigned as New York man- 

 ager of The Fisk Rubber Co., is organizing in Boston the J. W. 

 Bowman Co., which will engage in the sale of automobiles. 



ATLANTIC RUBBER SHOE CO.'S AFFAIRS. 



The application of John R. Hegeman for the appointment of 

 a receiver for the Atlantic Rubber Shoe Co., a corporation of 

 New Jersey, was denied in the Chancery Court at Newark on 

 July II. Mr. Hegeman is a director in the company and the 

 owner of 750 shares of preferred and 2,500 shares of common 

 stock. His application for the receivership was based upon his 

 opposition to the resolution to go into liquidation adopted by 

 two-thirds of the shareholders on May 8 last. He declared the- 

 company to be financially able to continue business. The vice 

 chancellor decided that the ultimate question must await final 

 hearing, and that the court "ought not to interfere to displace 

 the board of directors or enjoin the corporation from the trans- 

 action of its necessary business or from accomplishing its disso- 

 lution." Mr. Hegeman is president of the Metropolitan Life 

 Insurance Co., of New York, and the board is composed prin- 

 cipally of persons of financial importance. 



The Atlantic Rubber Shoe Co. was incorporated December 

 18, 1901, to exploit the Donglity patents for making rubber foot- 

 wear by machinery. A factory was built at Cranston, Rhode 

 Island, and operated from about May i to December 24, 1904. 

 On November 2. igc6, the factory property was sold at auction 

 for $137,000, which amount is stated to be now in bank, charge- 

 able with about $12,000 in liabilities. The capital authorized 

 by the charter was $10,000,000, one-fourth being in preferred 

 stock. On December 20, 1905, the total capital was written 

 down to $800,000, through the reduction of the par value of the 

 preferred stock to $20 and of the common to $4 per share. The 

 purchaser of the Cranstop plant was announced to be William 

 H. Perry, of Providence. The rubber machinery contained in 

 it, it is understood, has been removed to factories of the United 

 States Rubber Co., which corporation is currently reportSH to 

 control the Atlantic Rubber Shoe Co. to-day. 



MOTOR OMNIBtrSES FOR FIFTH AVENUE. 



The Fifth Avenue Coach Co., owned by the New York Trans- 

 portation Co., have acquired for use on Fifth avenue, New York, 

 15 De Dion-Bouton omnibus chassis, which have been fitted on 



this side with doubled deck bodies of the London type, seating 

 34 passengers. These 'buses are fitted with single solid rubber 

 tires on the front wheels and twin tires on the rear. For the 

 purpose for trying out the various makes of American tires the 

 business will be divided among different factories. The 'buses 

 will be equipped with odometers and a careful record kept of 

 the mileage of each tire, so that comparative statistics will be 

 available as to the maintenance cost of the several makes. The 

 company have planned to have the new 'buses in commission by 

 this date. 



TRADE NEWS NOTES. 



The wholesale shoe firm of George H. Reeder & Co., at Grand 

 Rapids, Michigan, has become the Grand Rapids Shoe and 

 Rubber Co., Inc. They are selling agents for the Hood Rubber 

 Co., carrying a complete line of "Hood" and "Old Colony" rub- 

 bers and "Greyhound" tennis shoes, in addition to their regular 

 line of leather goods. 



Earle Brothers, brokers of crude india-rubber and gutta- 

 percha. No. 66 Broad street. New York, announce the admission 

 to their firm of Mr. Harry W. Laird and Mr. Russell W. Elarle, 

 as from June I, 1907. 



Alfred F. Moore, of Philadelphia, insulated wire manufac- 

 turer, reports that relations with H. E. Cobb, of Chicago, 

 terminated on June 30, and that arrangements have not been 

 concluded for further representation in that territory. 



Quaker City Rubber Co,, of Philadelphia, have removed their 

 city offices from No. 409 to No. 629 Market street, with a view 

 to obtaining more room. 



A system of drying belting is being installed for The Rossen- 

 dale-Reddaway Behing and Hose Co., Limited (Newark, New 

 Jersey), by the B. F. Sturtevant Co., of Boston. The equipment 

 consists of a large fan with steam heater, through which air 

 is drawn, heated and forced through ducts to the desired points. 



In answer to a correspondent inquiring as to which is "the 

 better investment for a business man to hold for a year or 

 more," United States Steel preferred or United States Rubbe- 

 first preferred, the JVall Street Journal replies that there is 

 little choice, as "the dividends on each seem well assured." 

 Another tribute to the rubber company's issues for investment 

 purposes came out recently when a waiter in a New York 

 restaurant was found to hold 100 shares (worth over $10,000) 

 of its preferred stock. 



An extensive business in golf balls and other golf goods is 

 done in the Far East by A. G. Spalding & Brothers, Inc. (New 

 York), the goods being made at the company's large factory 

 in London. 



The usual quarterly dividend of 2V2 per cent, on the shares of 

 the Canadian General Electric Co. has been declared. 



A new firm in the waste rubber trade in Boston is Beal & 

 Broad, composed of Joseph Beal and Charles B. Broad, with 

 a location at No. 453 Atlantic avenue, and also a warehouse in 

 Chelsea. 



J. H. Stedman & Co., Inc., waste rubber merchants, of Boston, 

 have removed their office and warehouse to larger premises, at 

 No. 555 Atlantic avenue. 



The St. Louis Rubber Cement Co. (St. Louis) are now un- 

 der the management of William O. Hadley, formerly of the 

 Hadley Cement Co., of Lynn, Massachusetts. 



Frank H. Mason, general manager of The B. F. Goodrich Co. 

 (Akron, Ohio), has had plans prepared for what is designed to 

 be one of the finest country residences in the vicinity of the lakes 

 south of Akron. 



One of the plants of the H. W. Johns-Manville Co., the 

 asbestos manufacturers, in Brooklyn, New York, was damaged 

 by fire on June 29, to the extent of $50,000. 



The Consumers' Rubber Co., a jobbing company of Cleveland, 

 Ohio, have been registered under the laws of Illinois as a foreign 

 corporation, authorized to do business in that state. 



