120 



THE INDIA RUBBER WORLD 



[November 1, 1912. 



NEW AVERY CO. PREFERRED STOCK. 



The Avery Co.. of Peoria, Illinois, the uklcst .American man- 

 ufacturer of agricultural implements, is offering $1,000,000 of 

 7 per cent, cumulative preferred stock at $100 per share and 

 accrued dividend. The capitalization of the Avery Co.. in ad- 

 dition to this issue of $1,000,000 preferred, is made up of $2,- 

 245.090 common stock and, according to a financial summary 

 which accompanies the offer to the puhlic, the total net assets 

 of the Avery Co., above all debts, amount to $3,420,269.49 ; liquid 

 net assets, above all debts, $1,816,956.31 ; average annual net earn- 

 ings for four years, $171,820.27. and net earnings. Tanuarv 1. 

 1912. to June 10. 1912, $256,860.47. 



$10,000,000 OF FISK CO. STOCK. 



The Fisk Rubber Co.. of Chicopee, Massachusetts, which was 

 incorporated under the laws of Delaware, has been reincor- 

 porated under the laws of Massachusetts with a capitalization 

 of $10,000,000. consisting of 50.000 shares of preferred and 50,- 

 000 shares of common stock at a par value of $100. The pre- 

 ferred stock is 7 per cent, cumulative to be given $100 in case 

 of liquidation an<l $115 is redeemed. The incorporators are 

 Harry T. Dunn. Harry G. Fisk and John C. Cole. 



NO INTERRUPTION OF THE LOEWENTHAL CO.'S BUSINESS. 



The fire which occurred recently at the New York office and 

 warehouse of the Loewcnthal Co., 481 Washington street, though 

 it did some damage to materials, caused no interruption what- 

 ever in the re.gular course of the company's business. 



A GROUP OF FIRESTONE SALESMEN. 



Here is a group of one hundred or more of the salesmen of 

 the Firestone Tire and Rubber Co.. Akron, Ohio. They were 

 photographed during a three days' conference held at the fac- 

 tory from October 16 to 19. It was a busy conference for, 

 while the report of the company showed recent business con-- 

 siderably in excess of anything in the past, these salesmen are 

 determined that next year shall break the record of 1912. 



Several iinportant announcements were made, chief among 

 them being the announcement of the perfection of a tire for 

 electric cars, which it is asserted will reduce battery con- 

 sumption by at least 12 per cent. This is done by a scientific 

 adjustment of resiliency and bearing surface. This new tire 

 will be interchangeable on pneumatic riins whether standard 

 clincher or quick detachable clincher. It belongs to the dual 

 tread type. 



TRADE NOTES. 



The Canadian Consolidated Rubber Co., Berlin. Ontario, will 

 soon ask bids for machinery to be installed in its new factory 

 now being erected. T. H. Rieder is manager. 



The Koblitz-Kohn Co., of Cleveland, Ohio, are successors to 

 Koblitz, Kohn & Co., dealers in rubber scrap and other ma- 

 terials. 



The Gould Commercial Co. removed their offices and crude 

 rnhlicr sample rooms on October 9, 1912, from 227 Fulton street 

 to 12 Bridge street, corner Whitehall street. New York City. 



Messrs. G. C. Krelinger, of Antwerp, have taken over the 

 business of the well-known firm of G. Schmid & Co. 



Philo F. Barnum, casliier of the New York Rubber Co., died 

 Thursday, October 24. of heart disease. He was seventy-one 

 years old, and lived in New York. He was a nephew of the late 

 P. T. Barnum, and had been associated with the rubber company 

 for forty-seven years. 



On October 7 the United States Rubber Co. declared the regu- 

 lar quarterly dividends of 2 per cent, on the first preferred stock 

 (including all outstanding preferred stock), I'/z per cent, on the 

 second preferred, and 1 per cent, on the common, payable Octo- 

 ber 31, to stock of record October 11. 



Early in October the Thomas Motor Car Co. filed a voluntary 

 petition in bankruptcy in the United States District Court, in 

 Chicago, scheduling liabilities of luore than $185,000. No state- 

 ment of assets was filed beyond office fixtures. The principal 

 creditor is the E. R. Thomas Motor Car Co., of Buffalo, N. Y., 

 whose claim is nearly the amount of the entire indebtedness. 



The Brazilian rubber crop for the gathering year just ended is 

 officially stated at 28,206 tons, as against 27.064 tons last year and 

 3(1,064 tons in the vear before. 



A FIRE CAUSED BY NAPHTHA FUMES. 



The tire which damaged materials and unfinished goods to the 

 value of several thousand dollars at the factory of the Gordon 

 Rubber Co., Canton, Ohio, is believed to have been started by a 

 Hash of lightning coming in over a wire and igniting naphtha 

 fumes. The firemen were greatly hindered in their work by 

 inhaling these fumes, but the damage to the building was not 

 large, and the work of the company was in no way interfered 

 with. 



V:;;*^ 





S 



--^^ !3i3^^sf!i 



Firestone Tire Salesmen. 



