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THE INDIA RUBBER WORLD 



[March i, 1909. 



THE 'BOOT AND SHOE RECORDER" CHANGES HANDS. 



It will be of interest to a very wide trade circle to hear 

 that the founder and guiding spirit for 27 years of the Boot 

 and Shoe Recorder (Boston), Mr. William L. Terhune, has dis- 

 posed of his interest in that important journal, with a view to 

 retiring from an active business career. The Recorder grew 

 from small beginnings — it was one of the pioneers in trade 

 journalism in America — to a position upon which its founder 

 is heartily to be congratulated. The Recorder, being widely cir- 

 culated in the shoe trade, has come to be known very generally 

 among the distributors of rubber footwear. Mr. Terhune's in- 



WiLH.\M Lewis Terhune. 



terest has been purchased by the Root Newspaper Association, 

 of New York, already owners of the Dry Goods Economist, 

 one of the first two or three trade journals, as the term is un- 

 derstood now, to be established in the United States, and several 

 other journals of importance. Mr. George E. B. Putnam, who 

 for many years edited the rubber shoe department, and who has 

 a wide acquaintance with the rubber and leather trades, will 

 be in editorial charge of the Recorder. 



NEW HOME FOR BORGFELDT & CO. 



The importing house of George Borgfeldt & Co. (New York), 

 now located at Nos. 48-50 West Fourth street, have arranged for 

 the construction of a new building to be occupied by them on 

 Union square, to extend 225 feet on East Sixteenth street, from 

 Fourth avenue to Irving place, and to have a depth of 146 feet. 

 The building will be 11 stories high, contain 300,000 square feet 

 of floor space, and probably will be the largest in the world 

 devoted exclusively to the display of samples. The estimated 

 ■cost is $900,000. The building will cover the site of the present 

 Westminster Hotel. The business was established by the late 

 George Borgfeldt, 28 years ago, in a single loft in Leonard 

 street. 



COTTON DUCK NET PROFITS AGAIN SMALLER. 



The annual report of the Consolidated Cotton Duck Co. for 

 1908, presented at the annual meeting of shareholders at Balti- 

 more, on February IS, showed a gross income from sales of 

 $6,772,844, a loss of $3,848,541. The cost of material, labor, sup- 

 plies and the general expenses were also smaller. Net earnings 

 were $726,926, against $1,130,566 for the previous year, 

 $1,301,881.39 for 1906, and $917,172.08 for 1905. The surplus 

 is given at $301,226, a decrease of $403,340. Operations for the 



year are reported to have been on a basis of 55 per cent, of the 

 capacity of the mills, and the surplus here given represents the 

 net earnings for the year after paying interest on the bonds. 

 A semi-annual dividend of i per cent, on the preferred stock was 

 declared, comparing with 2 per cent, paid on October i last, 

 and 3 per cent, paid a year ago. The board was reelected and 

 two members added — W. J. Casey and Spencer Turner. 



The retiring directors and officers of the Mount Vernon- 

 Woodberry Cotton Duck Co. were reelected at the same time, 

 with the exception that Franklin Rollins was chosen to succeed 

 C. K. Lord, deceased. [See The India Rubber World, March 

 I, 1908 — page 199.] 



The New York Journal of Commerce (February 18) prints an 

 authorized statement to the effect that the earnings above re- 

 ported are exclusive of the earnings of the sales company. The 

 J. Spencer Turner Co., owned by the Consolidated Cotton Duck 

 Co., which sold during 1908 $10,889,000 of goods, including about 

 $4,000,000 of products not made by the Consolidated Cotton 

 Duck mills, and after taking care of their debentures the Turner 

 company have left $34,434 from the operations of the year. 

 Under the sinking fund the Turner company retired $155,000 of 

 their debentures, out of a total of $1,600,000. 



TRADE NEWS NOTES. 



The Utica Rubber Co. (Utica, New York), incorporated 

 September 6, 1906, and since engaged in the distribution of the 

 Boston Rubber Shoe Co.'s goods, have gone into liquidation. 

 the business being taken over by The Bowne-Gaus Shoe Co., of 

 the same city. The details of liquidation are in charge of Mr. 

 William A. North, president of the Utica Rubber Co. 



The factory of The Kaufman Rubber Co., Limited (Berlin, 

 Ontario), a view of which was given in the last India Rubber 

 World, is reported already to be producing more than 1,000 

 pairs of footwear daily. 



The insulated wire products of The Diamond Rubber Co. 

 (Akron, Ohio) will be handled in the East by Howard R. 

 Sharkey, with headquarters at No. 1876 Broadway, New York. 



The Calmon Asbestos and Rubber Works of America (No. 100 

 Reade street, New York) have opened an office at No. 524 

 Penn avenue, Pittsburgh, Pennsylvania, in charge of Charles F. 

 Beltz. The company manufacture a complete line of asbestos 

 goods. 



Mr. Walter E. Carver, for several years bookkeeper at the 

 factory of the Apsley Rubber Co. (Hudson, Massachusetts), has 

 gone to Chicago to be connected with the Rubber Manufacturing 

 and Distributing Co., who are the distributing agents in the 

 west for the Apsley products. Mr. Carver was a member of 

 the Hudson school board, a lieutenant in the local militia, and 

 master of Doric lodge, at Hudson. 



There are reports that the American Federation of Labor are 

 planning to organize into unions the rubber workers at Bristol, 

 Woonsocket, and Olneyville, Rhode Island. 



A fire at the factory of the E. H. Clapp Rubber Co. (Hanover, 

 Massachusetts) at the end of January was held in check by the 

 good working of the automatic sprinkler system, and speedily 

 extinguished by the newly-organized local fire company, the 

 damage not exceeding $1,000. 



Interest coupons on the 6 per cent, first mortgage bonds 

 of the Safety Insulated Wire and Cable Co. (New York) were 

 payable on February I at the office of The Knickerbocker Trust 

 Co. 



The Eureka Fire Hose Manufacturing Co. (New York) are 

 erecting in connection with their plant at Jersey City a store- 

 house for raw materials, which will conform generally to the 

 plans of the Associated Mutual Fire Insurance companies for 

 brick and timber construction. The clear inside dimensions will 

 be 75 x 50 feet, with ceiling 18 feet high, the structure being 

 strong enough to be carried up to four stories as conditions 

 warrant. 



