168 



THE INDIA RUBBER WORLD 



JFebruary I, 1905. 



past, slill had some cash in the treasury, and it is understood 

 that Mr. Streat has accepted $900 from this source, in settle- 

 ment of his claims against the 22 members of the association. 

 == The statement referred to above as having been made to 

 The India Rubber World by Mr. Streat, in explanation of 

 what he was suing for, was never published, for the reason that, 

 after it had been committed to writing, Mr. Streat desired to 

 be paid $50 for supplying information of so much interest to 

 the trade, and the price seemed rather high. 

 POPE MANUFACTURING CO. 



The Pope Manufacturing Co. (New York), successors to the 

 late American Bicycle Co. and the companies subsidiary to the 

 latter, have made public their balance sheet for the first fiscal 

 year, ending July 31, 1904. The general profit and loss ac- 

 count is as follows : 

 Gross sales and earnings. $71226,584.67 



Less manufacturing and producing costs and operating 



expenses 5i995.793-6i 



$1,230,709.06 

 Other income : 



Miscellaneous manufacturing and operat- 

 ing gains and losses §6,50715 



Interest and discounts received 55.650.95 62,158.10 



Total Income $1,292,954.16 



General expenses : 



.Vdministrative, selling and general ex- 

 penses 51,147,895.41 



Commercial discounts and interest 94,066.06 $1,241,961.47 



Balance — Net Earnings $50,992.69 



The Pjpe company are capitalized at $22,500,000. The cost 

 of properties is put down at $18,523,632.55, and the expenditures 

 on additions and betterments during the year — less sales of old 

 machinery — at $392,270.92. Stocks of finished and partly fin- 

 ished products, and materials and supplies, figure at $3,111,- 

 398.3^; accounts receivable and cash at $1,126,157.85 ; and ac- 

 counts payable at $310,054.94. 



Rkported Sales of Shares — 1904. 



IssuBS. Shares sold. High. Low. Last. 



First Preferred 11.972 79?^ 74;-^ 74/4 



Second Prefened 2,520 28 lb}i i6>4 



Common i.ito 7j^ 4}i 63^ 



AGENCIES OF THE MERCHANTS RUBBER CO., LIMITED. 

 The extensive shoe jobbing house of Thomas Ryan & Co., 

 of Winnipeg, Manitoba, have been appointed exclusive agents 

 for the products of the Merchants Rubber Co., Limited (Berlin) 

 Ontario) for western Canada — namely, Manitoba and the Terri- 

 tories. This is an old reliable company, which has made a 

 steady growth in keeping with the progress of the region re- 

 ferred to, and continues one of the most progressive houses in 

 the Dominion. Messrs. Ryan & Co. are understood to be about 

 to erect a large warehouse at Winnipeg to accommodate their 

 growing business, and they give employment to an extensive 

 staff of representatives on the road. The Merchants Rubber 

 Co., Limited, the newest of the rubber manufacturing com- 

 panies in the Dominion, had already appointed agents and plan- 

 ned to carry stocks in London, Toronto, and Ottawa (Ontario), 

 Montreal (Quebec), and Fredericton (New Brunswick). They 

 are dealing with the retail trade and report that thus far thev 

 have found this method very satisfactory. 



WEST COAST RUBBER CO. IN BANKRUPTCY. 



[See The India Runiii:K Would, January i — page 132.] 



The application of Don A. Sutherland, assignee, before the 



superior court in San Francisco, on January 4, for permission 



to sell the assets of the company in parcels at private sale did 



not meet with Judge Troutt's approbation. Counsel for George 



Fredericks, former president of the company, and its heaviest 

 creditor, opposed the application. The court advised the at- 

 torneys for each side to get together and agree upon an order 

 of sale to be submitted to the court. 



DETROIT TO HAVE A RUBBER FACTORY. 

 A VISIT to Detroit, Michigan, was made recently by Mr. 

 Charles H. Dale, president of the Rubber Goods Manufactur- 

 ing Co., on his return from which he informed The India 

 Rubber World that it had been decided by his company to 

 establish a rubber factory in that city. He stated : " I do not 

 know when work on the new factory will be begun — whether 

 very soon or a year hence — but the location has been decided 

 upon and the land paid for." To citizens of Detroit Mr. Dale 

 expressed great confidence in the continued growth in import- 

 ance of Duluth as a commercial and industrial center, and he 

 thought highly of the advantages which the city possessed as 

 a manufacturing site. Detroit has long been an important dis- 

 tributing center for rubber goods, and one of the directors of 

 the Rubber Goods Manufacturing Co. resides there— Mr. Frank 

 W. Eddy, head of the important house of H. D. Edwards & Co., 

 jobbers of mechanical rubbers. Another inducement for the 

 location of a rubber factory at Detroit is the prominence which 

 that city has attained in the production of automobiles, which 

 is now larger than in any other American city. During the 

 past year 17 factories in Detroit, employing 6000 work people, 

 turned out 9000 automobiles, or fully one-third of the total es- 

 timated production of the United States. Estimates have been 

 made of the 1905 production, as high as 12,000 machines, very 

 many of which will be high priced. The automobile industry 

 has also become important in the state of Michigan outside of 

 Detroit, there being altogether 30 factories in the state. 



THE CANADIAN RUBBER CO.'S CONVENTION. 



A unique convention was that held on January 2-9 at the 

 executive offices of the Canadian Rubber Co. of Montreal. 

 This was a gathering of all the company's branch managers 

 throughout the Dominion, for the purpose of discussing mutual 

 interests, and undergoing a course of instruction at the hands 

 of the company's manufacturing experts. Stenographic reports 

 were prepared of each day's proceedings, and every participant 

 in the discussions received a copy. One of the company's offi- 

 cials from the Pacific coast traveled over 5000 miles to be 

 present, and many of the other " pilgrims " cheerfully over- 

 came long distance obstacles. The convention was originated 

 by Mr. D. Lome McGibbon, the forceful general manager of 

 the Canadian Rubber Co., and was a marked success in every 

 way. At the conclusion of the convention all who participated 

 were handsomely entertained by Mr. McGibbon at a dinner 

 and theater party. 



LEATHER BELTING PRICES ADVANCED. 



At a special meeting of the Leather Belting Manufacturers' 

 Association, held on January 18, at the Fifth Avenue Hotel, 

 New York, it was unanimously resolved to advance the price 

 of belting 15 per cent, above the list in force for some time 

 past. An advance in leather belting was foreshadowed in the 

 report of the annual meeting of the association, in the issue of 

 this Journal of December last (page 97). 



A RUBBER FACTORY BURNED. 



The factory of the Elliott Manufacturing Co. (Menlo Park, 

 New Jersey) was destroyed by fire early on Sunday morning, 

 January 15. Mr. C. B. Elliott, president of the company, in- 

 forms The India Rubber World that his loss was $35,000, 

 upon which there was no insurance. A portion of the machin- 

 ery is still available for use, and Mr. Elliott hopes to resume 

 work on the same premises within a month, at least on a small 



