94 



THE INDIA RUBBER V/ORLD 



[December i, 1902. 



THE INDIA-RUBBER TRADE IN GERMANY. 



Fixed Properly M 2,641,321.82 



Land 847.698.68 



Water Power 129.767. 90 



Buildings 1,663 855.24 



Movable Property 1,645,423.55 



Machinery 1.421,250.03 



Utensils and Furniture 224.172.62 



Material and Manufactured (Voods.. 5.406,797.51 



Raw Material 3,459.017.49 



Finished Goods .' .947.780.02 



Cash, Biilsof Exchange, and Effects. 263,380.17 



Cash 51,127,70 



Bills of K.xchange in hand. .. 19S 453.19 

 Stock 13 799 28 



Debits 3,960 081 48 



Total M 



AT the general meeting of 

 the Vereinigte Gummi- 



waaren-Fabriken, Har- 



burg-VVien, at Harburg 

 a/d Elbe, on October 25, the di- 

 rectors presented their report for 

 the thirtieth business year of the 

 company, ending June 30. 1902. 

 In spite of the business depres- 

 sion which has been reported to 

 exist in Germany for two or three 

 years past, this company makes a 

 most favorable showing. This 

 was due in part to the lower cost 

 of crude rubber during the year. 

 It is mentioned, by the way, that considerable purchases were 

 made immediately after the failure of a large crude rubber house 

 in New York. The opinion is expressed that prices of Pari rub- 

 ber will become higher, though this will depend upon consump- 

 tion in the United States. AH the works of the company were 

 fully employed during the year, in all departments, in spite of 

 the smaller demand, especially for technical (mechanical) 

 goods, both in Germany and in Austria. In the latter country 

 had to be considered not only universal bad trade, but a dis- 

 turbance of business due to expected tariflf changes. The 

 export trade of the company, however, was brisk, and made 

 necessary the extension of their manufacturing facilities. For 

 instance, a new 350 h.p, steam engine was installed in the 

 works at Harburg, The directors express regret that the Ger- 

 man tariff commission had decided to recommend a duty of 

 100 marks per double hundredweight on imported rubber shoes, 

 instead of 120 marks, as desired by the company. The present 

 rate is 60 marks. The rubber ball price agreement had been 

 continued during the year, with good results, Alexander von 

 Schrieber was elected to the board to fill the vacancy caused 

 by the death of G, A, Lappenberg, one of the directors longest 

 in service. 



The net profit during the year amounted to /?/ 1.775,032,57 

 (=$426,457,75), and was disposed of as follows: 



Net Profit for the year M 1,775.032 57 



Dividend 5 per cent, on the entire Capital 300,000.00 



balance sheet, june 30, 1902. 

 Vereinigte Gu.vimiwaaren-Fabriken, Harburg Wien. 



ACTIVE. PASSU 



Share Capital M 6,000,000. 



First Emission 4,500,000 



Second Emission 450,000 



Third Emission t ,050 000 



Reserve Fund Account 3,101,865. 



Second Reserve Fund Account 375,250-^4 



Security Account : 



Hypothecated for Bank Credit, 



not at present in use 450.000 



Dividend Account 1,492.50 



Dividends outstandings, 1899-00 52.50 



Dividends outstanding 1900-01 t4oc. 



Credits 2.543,475.08 



Profit and Loss Account 1,894,921.51 



Balance from 1900-01 119,888.94 



Net Profit for 1901-02 1,775.032.57 



13,917,004.53 



Total. 



M 



Less 10 per cent. Commission to the Directors 



M 1,475.032,57 

 147,503,26 



M 1,327,529.31 

 Add Balance from profits of igoo-oi , 1 19,888.94 



M 1,447,418,25 

 Dividend 19 percent, on entire Capitil 1,140,000,00 



For Workingmen's Funds M 100, coo 



Officers' and Workingmen's Jubilees 25 000 



Officers' Pension Funds 40,000 



M 307,418.25 



165,000.00 



Balance to 1902 03 M 142,418.25 



The result is a total dividend for the year of 24 per cent. — a 

 figure which has not been exceeded more than two years in the 

 history of the company. Below is a comparative statement of 

 the company's net profits for eight years past, and on this page 

 is given the balance sheet for 1901-02 : 



Ykahs, Net Profits. Capital. Dividends. 



189495 jl/ 1,226,942,00 jI/ 4,500,000 22^ 



1895-96 1,667,731.00 4,500,000 29$; 



13,917,004.53 



29^ 



'89697 1.759.05900 4,950,000 



'89798 1,352,598.87 4,950,000 24? 



189899 866,644.67 6,000,000. 12?; 



'89900 1,336,631,99 6,000,OCO 'ilWt 



1900 OI 1,489.537.05 6,000,000 20^ 



190102 '•775,032.57 6,000,000 24^ 



GUMMI-WERKE "ELBE," ACTIENGESELLSCHAFT. 

 A FINANCL^L group in Hamburg, through the Kommerz und 

 Diskonto- Bank, has purchased the greater pait of the shares 

 of the above named factory. It will be remembered that this 

 company was formed originally as the Oxylin-Werke, Actien- 

 gesellschaft, for the purpose of making " oxolin," or " per- 

 choid," goods, by the directors of the Leipzeiger Bank, which 

 in 1901 went into liquidation. There was a reorganization 

 early in the present year, as the Gummi-Werke " Elbe," with a 

 view to the manufacture of hospital sheeting and certain lines 

 of mechanical rubber goods. But so long as the majority of 

 the shares remained in the hands of the Leipzig bank the pros- 

 perity of the company was rendered impossible. Under the 

 new management, however, the company, well financed, and 

 with large orders in hand, expect to be able to show good re- 

 sults. A meeting of shareholders was to be held on November 

 18, to amend the by-laws, elect a new board, and decrease the 

 capitalization of the company, 



RUBBER STEALING IN GERMANY. 



Thefts of raw rubber are reported to have occurred from 

 the rubber factory in Cologne-Deutz, amounting in value 

 to 84,000 marks. The stolen goods were sent partly to Hol- 

 land, whence through middlemen they were again sent to Ger- 

 many. Thirteen arrests have been made, including several 

 women, some of them abroad, and a second hand dealer in rub- 

 ber has been released on furnishing bail in a large amount. ^^ 

 On October 20 the criminal court in Hanover acted on the case 

 against the workman, Adolf Giese, charged with robbing his 

 employers, the Continental Caoutchouc- und Guttapercha-Co., 

 of rubber tire covers and tubes, which he sold through middle- 

 men to a bicycle dealer. He had taken 150 covers, worth from 

 27 to 31 marks each, and the bicycle dealer had paid 15 marks 

 for them. Giese and the bicycle dealer and one other were 

 sentenced to six months' imprisonment, and a fourth party to 

 five months. 



The Leipsic branch of the Continental Caoutchouc- und 

 Guttapercha- Compagnie (Hanover), has been removed to 

 larger quarters at Weststrasse, 39. The stock of " Continental " 

 pneumatics has been increased and the repair shop enlarged. 



