June i, 1902.] 



THE INDIA RUBBER WORLD 



301 



NEWS OF THE AMERICAN RUBBER TRADE. 



THE SAFETY INSULATED WIRE AND CABLE CO. 



AT a meeting of the directors held on May i, the follow- 

 ing officers were elected for the ensuing year : Benja- 

 min M. Whitlock, president ; Ira W. Henry and Le Roy 

 Clark, Jr., vice presidents ; Herbert T. Richards, sec- 

 retary ; Edwin Epstein, treasurer.^ — A mortgage covering the 

 plant of the Insulated Safety Wire and Cable Co., at Bayonne, 

 New Jersey, and in favor of the Knickerbocker Trust Co. (New 

 York), was filed in the office of the county register at Jersey 

 City on May 5. The amount is $1,250,000, and the object is to 

 secure the recent issue of bonds in connection with the re- 

 organization of the company. 



GENERAL ELECTRIC CO. 'S CABLE PLANT. 

 The General Electric Cable Co. (Schenectady, New York) 

 are erecting a new wire and cable plant, to have an area of 1 80,- 

 000 square feet, and a capacity of about double their present 

 plant in this department. The buildings have been so designed 

 that they can be extended, if this should be found necessary in 

 future. The new plant includes a main building of slow burn- 

 ing mill construction, three stories high, 467X90 feet, for use in 

 the manufacture of cables, and covering wires with insulating 

 material. There is also a one story, steel frame, brick filled, 

 self-sustained building, 369 90 feet, for covering cables with 

 compound and lead jacket. There will be several small auxil- 

 iary buildings for the manufacture of inflamable componds and 

 for other work not desirable to be done in the main building. 

 The machinery will all be electrically driven, and it is the com- 

 pany's intention that the plant shall be thoroughly up-to-date 

 and, as far as possible, a model plant. 



COMMERCIAL PACIFIC CABLE CO. 

 This company, on May 10, filed with the secretary of state 

 of New York, a certificate of increase of its capital stock from 

 $3,000,000 to $r 2,000,000. The company was incorporated Sep- 

 tember 1, 1901, with $100,000 capital, which was increased soon 

 to $3,000,000, at which time a contract was awarded for a cable 

 to connect San Francisco and Honolulu. The object of the pres- 

 ent increase is to provide capital for the extension of the cable 

 to the Philippine islands. 



A HARTFORD RUBBER WORKS RUMOR. 

 The Hartford Post has been hearing reports to the effect 

 that not only has Colonel Albert A. Pope obtained a control- 

 ing interest in the American Bicycle Co., but that the syndi- 

 cate through which he has been operating may gain possession 

 of the Hartford Rubber Works. It was Colonel Pope's policy, 

 while manufacturing the "Columbia" bicycles, to produce all 

 the details of the wheels under one management, and it would 

 not be surprising if, upon again becoming the controlling factor 

 in a manufacturing enterprise, he should wish to resume this 

 policy. The Hartford Rubber Works are now owned by the 

 Rubber Goods Manufacturing Co., but that corporation having 

 changed control, it is not impossible that the interests in 

 charge would be willing to dispose of any of its property for 

 which a good offer was made. 



OMAHA ROOFING AND SUPPLY CO. 

 This company has recently been organized to deal in rubber 

 belting and other supply lines, and also to act as distributing 

 agents for the Carey roofing, manufactured by the Philip Carey 

 Manufacturing Co. (Lockland, Ohio). The officers are: L. T. 

 Sunderland, president ; C. G. Crombie, vice president ; R. E. 



Sunderland, secretary ; J. A. Sunderland, treasurer. Mr. Crom- 

 bie was for many years with the W. S. Nott Co., of Minneapolis, 

 and the other members of the firm are all well known in 

 Omaha. Their office and salesrooms are at No. 1208 Farnham 

 street. 



MANHATTAN RUBBER MANUFACTURING CO.'S ANNUAL. 



The annual meeting of the Manhattan Rubber Manufactur- 

 ing Co. (New York) was held on May 6, the following officers 

 being reelected : 



President — Frank Cazenove Jones. 



Vice President — ARTHUR F. ToWNSEND. 



Treasurer — Eluot M. Henderson. 



Secretary — J. M. Ferris. 



After the meeting the company gave a dinner at the New 

 York Athletic Club, there being present some thirty gentle- 

 men. Prominent among the guests were E. B. Townsend of 

 Boston ; A. H. Hardy and John H. Lewis, of South Norwalk, 

 Conn. ; W. B. Richards and James Harold Warner, of New 

 York ; Alexander Henderson and W. F. Gaston, of Passaic, 

 N. J., F. B. Henderson, of Chicago ; and Richard Kutzleb, of 

 Baltimore. The spread was an old fashioned English dinner, 

 the enormous haunch of roast beef being brought in and spec- 

 ial cuts apportioned on choice. The shad was also served on 

 individual planks for each diner. The table was beautifully 

 decorated with flowers, a minstrel troop enlivened the occasion 

 with songs and recitations, and there were speeches, stories, 

 and a good time generally. 



BOSTON RUBBER SHOE CO. 

 The annual statement of the condition of this company last 

 filed with the Massachusetts commissioner of corporations 

 bears date May 5, 1902. The details are given below, compared 

 with the figures for the two years preceding : 



ASSETS. 



igoj. 1901, 1900. 



Real estate and machinery. .. . $ 1.123,078 $ 1,096,725 $ 1,104,523 



Cash and debts receivable ... . 1,935,210 1,741,308 1,504,863 



* Contract with U. S. Rubber 



Co 4,800,000 4,800,000 5,000,000 



Stock in process of manu- 

 facture 2,959,537 3,2co,i3i 3,667.644 



Miscellaneous 18,556 84,512 15.000 



Total $10,836,381 $10,922,476 $11,292,032 



LIABILITIES. 



Capital stock $ 5,000,000 $ 5,000,000 % 5,000,000 



Balance, profit and loss 1.036,381 982,324 1,193.73° 



Debenture bonds 4,800,000 4,800,000 5,000,000 



Undivided surplus 140,152 99,302 



Total $10,836,381 $10,922,476 $11,292,032 



[• To pay principal and interest of debenture bonds as they may mature or be 

 drawn. I 



The shares are held as follows : Erskine F. Bickford, 275 ; 

 Mrs. J. L. Bickford, 100; Mrs. E. M. Chick, 4663 ; Elisha S. 

 Converse, 25,740; Mrs. M. D. Converse, 500 ; Harry E. Con- 

 verse, 1000; Costello C. Converse, 500; Samuel P. Colt, 200; 

 E. L. Corning, 2500; Lester Leland, 60; Mrs. F. E. Leland, 

 500; Industrial Trust Co., 8400; total, 50,000. 



HARDWARE COMBINE DOUBTFUL. 



It now appears doubtful whether the plan for a combination 

 in the hardware jobbing trade, to which reference was made in 

 the last India Rubber World, will be carried out, at least for 

 the present. The plan involved the consolidation of over fifty 



