310 



THE INDIA RUBBER WORLD 



[March 1, 1913. 



AN ORDER FOR 20,000 FEET OF FIRE HOSE. 



The city of Montreal, Canada, invited tenders early in 

 February for supply of 20,000 feet of 2V2-inch cotton, rubber- 

 lined fire hose, for use by the Fire Department in that city. 



Bids were offered by various Canadian companies. After 

 considerable investigation and delay the city finally placed 

 the order with the Canadian Consolidated Rubber Co., Ltd., 

 Montreal, for 20,000 feet of 2>4-inch wax and gum-treated 

 "Keystone" fire hose at $1.10 per foot coupled. The com- 

 pany was represented in this transaction by Mr. J. M. S. 

 Carroll, district manager. 



When this large order has been delivered the city of 

 Montreal will have in use over 9*0,000 feet of "Keystone" 

 brand fire hose. 



A PATENT FOR A PROCESS FOR PRESERVING EXTRACTED RUBBER. 



Mr. H. O. Chute, of New York, has been granted patent 

 No. 1,051,987, dated February 4, 1913, for a process of pre- 

 serving extracted rubber by washing with pyroligneous prod- 

 ucts or the liquid of wood distillation. It is claimed that 

 while it is well known that Para rubber is treated with smoke 

 from palm nuts, it is new to treat a deresinated rubber with 

 the liquid products of wood distillation, and that this process 

 preserves the rubber and prevents it from softening and run- 

 ning. The claims cover the process of extracting the resins, 

 and then treating the rubber with the liquid, the product con- 

 sisting of extracted rubber having incorporated the products 

 of wood distillation. Specifically, deresinated Pontianak 

 rubber impregnated with pyroligneous acid is claimed as a 

 new product. 



DIVIDENDS PAID BY RUBBER COMPANIES. 



The B. F. Goodrich Co. paid on February IS a quarterly divi- 

 dent of 1 per cent, on its common stock to stockholders of 

 record on February S. 



The B. F. Goodrich Co. reported February 24 for the nine 

 months ending on December 31, 1912, net profits from operations 

 of $3,719,334. Other income amounted to $571,844. The surplus 

 after paying preferred and common dividends amounted to 

 $806,235. 



The Hood Rubber Co. paid on February 11 a quarterly divi- 

 dend of 1J4 PC cent, on its preferred stock to stockholders 

 of record on January 31. 



The Manufactured Rubber Co. pays on March 1 a quarterly 

 dividend of 1J4 per cent, on its preferred stock to stockholders 

 of record on February 24. 



SAVINGS BANK LIFE INSURANCE IN iUBBER COMPANIES. 



Mass.^chusetts Savings Bank Life Insurance now has more 

 than 7.000 policyholders with insurance in force to the amount 

 of $2,700,000. Two hundred agencies have been established by 

 manufacturers and at these agencies premiums are collected from 

 the pay envelopes of the employees, and once a month transmitted 

 to the insurance departments of the banks. The Tyer Rubber 

 Co., Andover; Hood Rubber Co., Watertown ; .American Rubber 

 Co., Cambridge ; and the Boston Woven Hose & Rubber Co., 

 Cambridge, have agencies and many policies are in force among 

 their employees, .^n agency has recently been established at the 

 Revere Rubber Co., Chelsea. Massachusetts Savings Bank Life 

 Insurance affords an opportunity for the employer to give his 

 employees the advantages of insurance at a low cost. 



THE TUXEDO TIKE CO., INC. 

 The Tuxedo Tire Co., Inc., the incorporation of which was 

 recently announced, has taken over the business of the Tuxedo 

 Tire Exchange. Bronx. New York. It states that it is open to 

 consider good selling propositions from makers of automobile 

 accessories. Mr. Hugo Liedtke has recently visited the South, on 

 the lookout for new selling ideas. 



A BOSTON OFFICE FOR THE LOEWENTHAL CO. 



The Loewenthal Co., of New York, announced on February 

 20 the opening of a Boslmi office in order to insure better service 

 for the company's New England customers. This office will be 

 in charge of Mr. George Friedman. 



A STATEMENT FROM THE N. Y. COMMERCIAL CO. 



Referring to the announcement made February 17 — received 

 everywhere in the trade with much regret — of the appointment 

 of a receiver for the New York Commercial Co., the company 

 issued the following statement : 



"We deeply regret to announce to yuu that we have felt it in 

 the interest of all our creditors to consent to a receivership, not 

 on the ground of insolvency, but for the purpose of preserving 

 our assets for the equal benefit of our creditors and, after them, 

 of our stockholders. 



"This immediate step was necessary on account of large pay- 

 ments falling due next week which we could not, and in all fair- 

 ness ought not, to pay, in view of certain banking facilities which 

 we had heretofore enjoyed having been suddenly withdrawn. 



"Immediately that the receiver is able to make up a statement 

 of the company we propose to call a meeting of all the creditors 

 for the purpose of showing them that our assets exceed our 

 liabilities, and of determining what further action they may 

 require." 



Judge Seabury of the Supreme Court appointed John Z. Low, 

 Jr., receiver for the company's property in New York, Pennsyl- 

 vania and Virginia, on the application of James N. Taylor, attor- 

 ney for .\. H. .Mden & Co., Ltd., of London. A receiver was 

 appointed at Norfolk, Virginia. February 13, as it is a Virginia 

 corporation. 



This receivcrsliip in New York made it necessarj' for the firm 

 of Geo. A. Alden & Co., of Boston, to consider what action it 

 should take to protect the interest of its creditors, and after 

 considering various possible courses, it decided that the most 

 satisfactory action to take in the interest of all concerned would 

 be to make an assignment which was done on February 17. 



The assignees are: Mr. .Xrchibald Blanchard, of the firm of 

 W. O. Gay & Co.; Arthur H. Brooks, of the law firm of Myers 

 & Brooks, both of Boston, and William L. Wadleigh, a com- 

 mission merchant of Boston who is familiar with the rubber 

 business. A public accountant has already been placed upon the 

 books and a report of the firm's financial condition will be made 

 at an early meeting of the creditors. Efforts are being made to 

 accomplish a reorganization in order that the business in which 

 the firm has been so long engaged may be continued. 



.•\rrangemcnt have been made by the Standard .-Ksphalt and 

 Rubber Co., 137 La -Salle street, Chicago, to carry stocks of the 

 material widely known as Alden's "M. R. X." These stocks will 

 be carried in Chicago, Boston and Trenton, as well as in Liver- 

 pool, Hamburg and Paris, and rubber manufacturers may be 

 supplied by sending to any of these addresses, or by writing to 

 Mr. Geo. Watkinson, who has temporary quarters in the .\lden 

 offices at 77 Summer street, Boston. 



AN AMERICAN FACTORY IN RIO DE JANEIRO. 



In the December issue of The India Rubber World there was 

 a paragraph referring to the fact that the Goodyear Tire and 

 Rubber Co., of South .■\nierica, had just been incorporated under 

 the laws of Maine, with a capital stock of $3,000,000. for the 

 purpose of operating rubber plantations and manufacturing rub- 

 ber in South America. It was stated at that time that repre- 

 sentatives of the company were in Brazil investigating the field. 



Reports received within the last few days from Rio de Janeiro 

 state that the representatives of the Goodyear company have 

 met with much encouragement in their plans for a rubber fac- 

 tory in that city, and that the establishment of such a factory 

 there is one of the probabilities of the near future. 



