60 



THE INDIA RUBBER WORLD 



[November i, 1904. 



THE DIAMOND RUBBER CO. BRANCHES. 

 O. J. WooDARD manager of the New York branch of the 

 I^iamond Rubber Co., has been promoted to the position of 

 general selling representative, with headquarters in New York. 

 Samuel F. Randolph, Jr., succeeds Mr. Woodard as manager of 

 the New York branch, while retaining charge of the Philadel- 

 phia branch, where he has been manager since January. 1901. 

 G. L. Bradley, who has been associated with Mr. Woodard in 

 New York, now becomes manager of the Cleveland branch. A 

 branch has been established at No. 3966 Olive street, St. Louis, 

 in charge of R. L. McCrea, and another at No. 611 First ave- 

 nue, south, Minneapolis, in charge of W. E. Roby. 



CONSOLIDATED RUBBER TIRE CO. 

 Thi.s is a New Jersey corporation, manufacturing the Kelly- 

 Springfield solid vehicle tires. It has filed with the commis- 

 sioner of corporations of Massachusetts, as required by law of 

 foreign corporations doing business in that state, a statement 

 of its condition, relating to March i, 1904, the details of which 

 follow, compared with the figures for the preceding year : 



ASSETS. 



Mar. 31, '14. Jan. i, 'o.;. 



Tools and fixtures $ 8,498 



Merchandise 251,710 



Cash and debts receivable 259,142 



Patent rights and -hare capital 5,027,878 



Licenses, contracts, and good will 2,303,030 



Miscellaneous 148,467 



Profit and loss. . . 5.024 



Totals. 



.003,751 



LIAlill.ITIES. 



Capital stock §5,149,000 



Accounts payable 3,752 



Debenture income bonds 2,850,500 



Reserve 



$ 7,556 



238,650 



271,196 



5,029,805 



2,436,178 

 62,535 



$8,045,922 



$5,149,000 



43.995 



2,850,500 



1,927 



Totals $8,003,751 $8,045,922 



AKKAIRS OF GEORGE WATKINSON & CO. (PHILADELPHIA). 



Richard S. Hunter, referee in the bankruptcy proceedings 

 of George VVatkinson & Co. (Philadelphia), declared a dividend 

 of 8 per cent, in favor of the concern's creditors on October 12. 

 It will be payable about November i, and is the second divi- 

 dend to be paid ; the other, which was for 10 per cent., was 

 paid in June last. The report of the trustee of the Watkinson 

 estate. The Provident Life and Trust Company of Philadelphia, 

 upon the strength of which the dividend was declared, showed 

 the amount of cash in bank on October 10 to be $151,817.67. 

 From this amount was subtracted $25,000, which is being re- 

 tained for the payment of the Fargo claim and $16,77968, 

 which represents the amount of the first dividend of 10 per 

 cent, on the contested claims. This leaves a balance in actual 

 cash of $1(0,03799. The total of the uncontested claims is 

 $864,501.24. on which 8 per cent, would amount to $77,160.12. 

 The amount of the contested claims is $167,796 90, of which 8 

 per cent, amounts to $13,423 75. This gives a total of $90,583 87, 

 which represents the entire second dividend. Under the head- 

 ing "Unconverted Assets" there are accounts receivable to 

 the value of $23,000, all of which are contested claims. Then 

 there is merchandise in the hands of H. Lane it Son amounting 

 to $16,000 and a claim against the United State Rubber Co. for 

 $15,200. It having appeared from the trustee's report of the 

 cash in his hands that a dividend of 8 per cent will leave 

 $19,454.12 in the treasury, together with a sufficient sum to pay 

 the previous and present dividends on all disputed claims, and, 

 with certain assets not yet collected. Referee Hunter accord- 

 ingly declared the 8 per cent, dividend, to be paid to the 

 creditors from the funds of the estate. 



AKRON FACTORIES TO PAY MORE FOR WATER. 



The $200,000 appropriation made by the Ohio legislature 

 for improving the state canal, contingent upon the receipts of 

 the canal reaching a certain figure, it now appears will soon 

 become available. For instance, the Akron Water Works Co. 

 have consented to pay $6000 a year for water from Summit 

 lake, instead of $1500, as heretofore, and it is understood that 

 The B. F, Goodrich Co. and The Diamond Rubber Co., among 

 other large consumers of water at Akron, consent to an ad- 

 vance in rates, in view of the advantages expected from the 

 contemplated improvements. 



THE RUBBER FOOTWEAR TRADE IN CANADA. 



At a combined meeting of the Rubber Shoe Manufacturers' 

 and Rubber Boot and Shoe Jobbers' associations of Canada, at 

 Toronto, on September 26, it was decided that wholesale firms 

 handling less than $15,000 worth of rubbers in a year shall 

 not be eligible to the Jobbers' Association. Also, that after 

 1935 firms doing a combined retail and wholesale busines must 

 be recognized as retailers. =-= 77^« Canadian S/ioe and Leather 

 ya7<;«a/ (Toronto) says that the past season was beyond all 

 doubt the most successful in the history of the rubber shoe 

 trade in the Dominion. The prolonged severe winter, with its 

 abnormal snowfall, put the severest strain upon the capacity of 

 production and distribution, and many dealers are asserted to 

 have lost sales through inability to obtain supplies. The effect 

 of these conditions has made itself felt upon the present 

 season, and orders to date are far ahead in volume of anything 

 in the history of the trade. Tht Journal mentions as a further 

 reason for the satisfactory condition of trade the efforts of 

 manufactuters and jobbers to bring about uniformity of selling 

 methods and prices. 



RUBBER FOR CANADIAN GRAIN ELEVATORS. 



The Gutta Percha and Rubber Manufacturing Co. of 

 Toronto, Limited, recently completed an order for the belting 

 equipment for the grain elevator of the Canadian Northern 

 railway, at Port Arthur, Ontario, which is stated to be the 

 largest elevator in the world. The contract was for something 

 over 3X miles of belting, mostly 30 and 36 inches wide, the 

 total weight being more than 80,000 pounds. The capacity of 

 the elevator is 7.000,000 bushels ^^^=The India Rubber 

 World, February i, 1900 (page 137), mentioned a conveyor 

 belt made by this company for the International railway gov- 

 ernment elevator at St, John, N. B., and which the company at 

 that time believed to be the largest ever made. The company 

 have since supplied the rubber equipment fora number of grain 

 elevators in the Dominion, some of which are very extensive. 



PRESIDENT miner's COPPER INTERESTS. 

 Mr. S. H. C. Miner, president of the Granby Rubber Co. 

 (Granby, Quebec), has retired from the directorate of the 

 Granby Consolidated Mining, Smelting, and Power Co., of 

 which company he had been president since its inception, 

 seven years ago. This is one of Canada's largest and most 

 successful mining concerns, having $13,363 030 of share capital 

 issued, and producing lately more than 1,500,000 pounds of 

 copper monthly. Control of the company has now passed 

 to New York inteiests, who hold $9,500,000 of the shares. 

 The Montreal office will be closed, and the main office trans- 

 ferred to Grand Forks, British Columbia, with a branch in New 

 York city. Mr. Miner presided at the annual meeting at Mon- 

 treal on October 5. In announcing his retirement he expressed 

 every confidence in the future of the company, saying that he 

 was the largest individual shareholder, but he could not see 

 his way clear to devoting so much time to the company's busi- 

 ness as in the past. One of the New York directors stated that 



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