340 



THE INDIA RUBBER WORLD 



[July i, 1906. 



to $9,000,000, based upon the actual business of the preced- 

 ing year, and the allotment of a certain share of this business 

 to each manufacturer in the association. Any firm making 

 more than its allotment pays into the pool fund a certain 

 percentage on its excess. There is aLso involved an agree- 

 ment to make prices uniform. It is understood that the 

 allotment to The B. F. Goodrich Co. is 23 per cent, of the 

 whole, and the withdrawal of so important a factor is ex- 

 pected to bring the pool to an end. A desire on the part of 

 the tire manufacturers for freer competition in the matter of 

 prices is believed to have had an influence in this new move, 

 but rumors exist of dissatisfaction with the limit of produc- 

 tion by the several makers, which probably has had more 

 weight. The trade seems to expect somewhat lower prices 

 immediately after the termination of the agreement, tliough 

 the feeling is that present rates are not too high for good 

 qualitj- tires. 



A REPORT FROM LA CROSSE. 



A Western correspondent of The India Rubiser World 

 states that it is nimored that the La Crosse Rubber Mills 

 Co. now situated at I<a Crosse, Wisconsin, are planning to 

 move to another city, to increase their capital to 51.500,000, 

 and to go into the manufacture of rubber footwear on a large 

 scale. Their plans embrace the building of a modern mill, 

 wholly for shoes, with an initial capacitj' of 20,000 pairs a 

 daj-. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 



United States Rubber Co. : 



THE TEXTILE GOODS MARKET. 



SECOND preferred. 



Week ending— May 19. May 26. June 2. June 9. June 16. June 23 



Sales goo 500 100 300 500 100 



High 80K 8o>^ Siji 8oJ^ 80 78,',: 



Low ?o So Siji 87 78 78>4 



PERSONAL MENTION. 



Mr. Frederick W. Whitridc.e, of New York, the special 

 ambassador from the United States to the marriage of King 

 Alphonso of Spain and Princess Ena, will be remembered in 

 the rubber trade as one of the concessionaires — the other being 

 Sir Martin Conway — from Bolivia of the territory- comprised 

 in the Acre district which led to the trouble between Bolivia 

 and Brazil. The syndicate organized to exploit the conces- 

 sions disposed of their rights to the Brazilian government 

 for a handsome sum. 



The Indi.v Ruhher World is in receipt of some interest- 

 ing view-s on the future of agriculture in the West Indies, as 

 meriting the interest of capital in the United States and 

 Canada, on the ground that the people of England seem to 

 feel little interest in that part of their empire. The writer 

 is Mr. William J. Thompson, h. sc. a., a graduate from 

 Toronto University in agricultural chemistry, who has been 

 traveling for several years in the West Indies and neighbor- 

 ing countries for Swift & Co., Union Stock Yards, Chicago, 

 and is now at Georgetown, British Guiana, 



THE cotton duck situation doesn't bring any material 

 change, as the demand continues strong and prices 

 extremely firm. This has been the case for months in the 

 mechanical goods trade and the demand has, if anything, 

 been strengthened by recent operations of the rubber shoe 

 manufacturers who are not, however, buying as liberally as 

 they would have done had the winter been more .severe. 



The United States Cotton Duck Co., having purchased 

 practically all of the stock of the J. Spencer Turner Co., 

 have decided to sell their product directly after January i. 

 This is a radical change in selling methods as the output of 

 mills now controlled by the Corporation was formerly dis- 

 tributed through commission houses. 



This change in the selling methods will hardly exert any 

 influence over this season's business, as it has been the cus- 

 tom of the trade for the past twenty years to place their or- 

 ders with the commission houses in the late summer and 

 earl}' fall to meet early requirements, and this practice will 

 undoubtedly continue as orders of large volume are now 

 being booked by such concerns for next year's consumption. 

 The mechanical rubber goods trade has been greatlj' incon- 

 venienced by the paucity of stock as despite ever}- effort 

 made by the duck manufactifrers has been altogether inade- 

 quate to the demand which has not been as heavy in years 

 as at the present time. It is not improbable that this ex- 

 perience will result in the placing of the full complement of 

 orders much earlier this season than in previous years. 



One condition materially contributing to .short supply and 

 advanced prices is the reduction of hours of labor in the 

 cotton mills of South Carolina, in order to induce help to 

 come from other states, which condition has resulted in an 

 advanced price in the states so effected to prevent labor from 

 being attracted to other sections. 



The abrogated export demand has resulted in demoraliz- 

 ing the prices of sheetings. There has, however, been no 

 appointment in the call either domestic or export for ducks 

 twisted or flat. In former years the flat product commanded 

 one or two cents less than the twisted, but at the present 

 writing it is bringing a cent or two more per pound. 



The new factory to be known as the Elm City Cotton 

 Mills, which is being erected in La Grange, Georgia, for J. H. 

 Lane & Co. (New York), will be a considerable factor in the 

 cotton duck situation and will materially add to the avail- 

 able supply. The new factory will operate 10,400 spindles 

 and heavy looms for the manufacture of heavy duck ; this 

 ecpiipment equalling the requirement for a 30,000 spindle 

 mill making yarns or sheetings. 



Which Horse Will You Put Your Money On ? — The 

 gambling in rubber company shares in London, says the 

 New York Indi.\ Rubber World, bears about as much re- 

 lation to legitimate rubber planting as betting on horse 

 races does to the world 's practical use of the horse. To which 

 London might repl}' that at any rate the horses are alive and 

 above ground, which is more than can be said of some Mex- 

 ican '■ deals." — Times of Ceylon. 



Chewing gum is dutiable at 40 per cent, ad valorem under 

 the new tariff of Newfoundland. 



