432 



THE INDIA RUBBER WORLD 



[September i, 1903. 



to carry them through to the end of the season, and have been 

 compelled to buy new supplies for which the highest price has 

 been paid. It therefore proves that the rubber people were 

 wise in making yearly contracts. Cotton duck mills cannot 

 run on full time (or the reason that they are not able to get the 

 cotton, and are therefore working about four days per week. It 

 would require some of them to work assiduously until the first 

 of the new year to complete their contracts. 



In a couple of instances during the past month manufactur- 

 ers have paid an advance of 7 cents over contract prices for 

 sufficient quantities to carry them through the season. In all 

 probability these manufacturers will see the advisability of 

 miking a yearly contract this season. Ordinarily, these con- 

 tracts have been made at about this time of the year, although 

 some o( the duck mills make their contracts on the first of the 

 year. But rubber manufacturers who have been accustomed 

 to making their contracts for duck on September 1 have not 

 made any overtures in that direction yet. Nor are the duck 

 mills anxious to quote prices for the coming year at this time. 

 Bnh the producers and the consumers of ducks and sheetings 

 are of the opinion that more satisfactory arrangements can be 

 made by delaying this matter for a fortnight or even a month. 

 The next government report on the cotton crop will go a great 

 way in furnishing a basis upon which new prices for cloth can 

 be made, even though implicit confidence is not placed on the 

 report. As near as can be ascertained, however, it is believed 

 that the new price basis will be at least 5 cents in advance of 

 the old one, and there will be some rubber manufacturers who 

 will, as heretofore, continue to buy their duck in a hand to 

 mouth way, even though it does cost them a few cents a pound 

 more than the contract price. 



The air brake manufacturers have been calling for duck in 

 unusually good quantities, and the bulk of their takings for the 

 year has never before been equalled. Some of these concerns 

 have been so crowded with orders for goods that they have 

 sublet their contracts to other brake manufacturers. The 

 stitched belting concerns also hive had a good season, so far as 

 demand goes, and have been heavy consumers of duck, but 

 there is no doubt that these manufacturers have had a difficult 

 time in getting a new dollar for an old one this season. The 

 prices for which they have been compelled to part with their 

 product has been on too low a basis to permit of their making 

 any money, and they ate heartily glad that the season is at an 

 end. What will be done in the way of new prices for the com- 

 ing season, is as yet a matter of conjecture, but the price of 

 stitched canvas belting will be higher. An effort has been made 

 several times of late to get the various stitched belting manu- 

 facturers together for the purpose of arranging a price basis for 

 the new season, but without success. The smaller ones have 

 been anxious to know what the one large corporation is going 

 to do before taking any steps in the direction of making new 

 prices. But the concern in question which produces perhaps 

 75 per cent, of this class of goods, has thus far ignored its com- 

 petitors, and each faction is seemingly waiting for the other. 

 It is believed, however, that before another month the prices 

 for which stitched belting will be sold will have been fixed, and 

 a radical advance over old prices will be the result. Below are 

 the prices for which textiles consumed by rubber manufactur- 

 ers are selling to-day : 



TRICES CURRENT FOR SHEETINGS FOR THE RUBBER II. 



Pick. Yds. to Lb. 



36" Household Favorite, 56x60. 4.00 ^'i cents. 



40" Household Favorite, 56x60, 360 6 cents. 



36" Henrietta, L. L., 48x52,400 cents. 



39" Henrietta, 68x72, 4.75 (net) 5 cents. 



3SI' Henrietta, 64x64, 5.15 4 J^ cents. 



■I'/' Henrietta, 

 36" Florence C, 

 36" American I,., 



40" Majestic C. C, 



Majestic B B. B., 

 40" Majestic li. B., 

 40 Elcaney, 

 36° India, 



Sheeti 



40" Highgate . . 



40' Hightown. ..6J^c. 



4<> llobart b'/zC. 



40" Kingstons. 

 39 Stonyhurst.. 



39" Sorosis 5 c. 



40" Seefeld 7 'Ac. 



48x40, 2.85 (part waste) 6}.j cents. 



44x44, 6.15 4 cents. 



. 5.00 (net) 4^ cents. 



48x18, 

 do 

 do 

 do 

 do 



2 50. . 

 2.70. . . 

 2.85... 

 3.60 . . 



3 00 . . . 



1\i cents. 

 6% cents. 

 61^ cents. 

 5^ cents. 

 cents. 



40 

 40' 

 4 S' 

 40' 

 + ■■ 

 S 6 



40' 



Selkirk... . ;',c. 



Sellew 7^c. 



Mohawk. ...10 c. 

 Marcus. . . 5 c. 



Mallory 5 c. 



Capstans \ c. 



Osnaburgs. 

 Iroquois 8J^c. 



!<> 



40 



40 



40 

 40' 



Shamrock. .. 8}£c. 

 Du, 

 7 oz. Cran- 



ford. ... 8 c. 

 8oz. Chart- 

 res %\ic 



iooz.Carew.io^c. 

 11 oz.Carita.il %c 



ADDITIONAL TRADE NOTES. 



[regular department on page 433.] 



THE New Century Rubber Co. (Philadelphia), manufactur- 

 ers of reclaimed rubber, with works at East Burlington, 

 N. f., were adjudged insolvent in a decree entered in the New 

 Jersey court of chancery, on August 22, and Norman Grey, an 

 attorney of Camden, N. J., was appointed temporary receiver. 



=One hundred shares each of common and preferred stock 

 of the American Chicle Co., offered at auction in New York on 

 August 26, by order of the executors of an estate, were sold at 

 97 and 80, respectively. 



= The H. F. Taintor Manufacturing Co., who are engaged so 

 largely in supplying whiting and paris white to the rubber in- 

 dustry, have removed from the location so long occupied by 

 their offices, in Beekman street, to No. 200 Water street, cor- 

 ner of Fulton, New York. 



= The West Coast Rubber Co. (San Francisco, California, 

 have recently manufactured some solid rubber tires. George 

 Fredericks is president of thecompany and H. W. Goodall vice 

 president. 



= It is reported that Morgan & Wright (Chicago), under the 

 management of Charles J. Butler, will enter the market with a 

 line of single tube tires. 



= The eighteenth regular quarterly dividend of 1% per cent, 

 on the preferred shares of the Rubber Goods Manufacturing 

 Co. will be payable on September 15 to holders of record on 

 September 5, calling for a disbursement of $140,899.50. 

 POPE MANUFACTURING CO. 



Holders of certificates issued by the reorganization com- 

 mittee of the American Bicycle Co., for debentures and shares 

 deposited with the committee under the agreement dated De- 

 cember 15, 1902, were notified during the month that on and 

 after August 25 the same could be exchanged for the securities 

 of the Pope Manufacturing Co., by which name the business is 

 now known. =A decree was issued in the United States cir- 

 cuit court at Trenton on July 29, providing for the discharge of 

 the receivers of the American Cycle Manufacturing Co., and 

 permitting the company to transact business in its own name. 

 The company is one of those constituting the American 

 Bicycle Co., lately succeeded by the new Pope Manufacturing 

 Co., and the shares are held by the latter corporation. Certain 

 other formalities require attention before the Pope Manufac- 

 turing Co. can formally replace this branch corporation, though 

 the name of the Pope company is being signed to papers af- 

 fecting the American Bicycle Co.= The plants of the Amer- 

 ican Bicycle Co. in Connecticut not previously disposed of 

 were sold at auction on August n. The Pope Manufacturing 

 Co. bought the old Lozier plant at Thompsonville for §15.000. 

 The old Hartford Cycle Co. plant went to a typewriter concern 

 for $150,000. 



