June i, 1901.] 



THE INDIA RUBBER ^VORLD 



277 



CONSOLIDATED RUBBER TIRE CO. 

 At the annual meeting, held in Jersey City on May 6, the 

 old board of directors was reelected. No financial statement 

 was given out. The regular quarterly dividend of 1% percent, 

 on the preferred stock was passed at the directors' meeting 

 held February 9, since which time no announcement respecting 

 dividends has been made. It has been understood that a plan 

 was being considered for reducing the capital of the company 

 from $10,000,000 — of which $8,000,000 has been issued — to 

 $5,000,000 by cancelling the $2,000,000 of treasury stock, one 

 half each preferred and common, and by issuing $3,000,000 in 

 4 per cent, debenture bonds to replace an equal amount in pre- 

 ferred shares. It was reported that action would be taken 

 upon this matter at a special meeting of stockholders on the 

 same date as the annual meeting. The special meeting was 

 adjourned, however, on account of a restraining order issued 

 by Chancellor McGee, of New Jersey. The order was obtained 

 by Charles H. Corbin, acting for the Goodyear Tire and Rub- 

 ber Co., The India Rubber Co., and the Hartford Rubber 

 Works Co., who claimed to have unsettled claims against the 

 Consolidated Rubber Tire Co., and who protested against the 

 proposed financial arrangement. The order of the chancellor 

 was returnable May 13 at Trenton. At the latter date R. V. 

 Lindabury, who represented the Consolidated company, ap- 

 plied for an adjournment for one week, which was granted. 

 The matter was later further adjourned to May 27. On the 

 latter date Vice Chancellor Pitney postponed the further hear- 

 ing of the matter for two weeks — that is, to June 10. 



MISHAWAKA WOOLEN MANUFACTURING CO. 



This company, which three years ago added the making of 

 rubbers to their felt boot business, now have a daily production 

 of 3600 pairs of rubber boots, shoes, and arctics. Their goods 

 are sold to retailers, through a force of fifty traveling men. 

 They employ 1300 hands and their factory covers thirteen 

 acres. Last year's business is reported to have exceeded 

 $3,000,000. 



THE DEARING-SCOTT MANUFACTURING CO. 



This company, the incorporation of which, at Jackson, Mich- 

 igan, was reported in the May issue of this paper, are placing 

 upon the market a new patented rubber heel — which they call 

 the " Walkeazy " — and also sheathed creepers, etc. Henry W. 

 Scott is president and manager, and D. M. Dearing vice presi- 

 dent. 



THE B. F. STURTEVANT CO. (BOSTON) ABROAD. 



The Sturtevant Engineering Co. has recently moved its 

 London office to 147, Queen Victoria street, in order to secure 

 the increased accommodation necessary for its rapidly growing 

 business as the European representatives of the B. F. Sturte- 

 vant Co. A new branch office has been established at 31, rue 

 de Provence, Paris, and a change made in the location of the 

 Glasgow office to 45, Hope street. The offices at Berlin, Stock- 

 holm, Amsterdam, and Milan remain the same. 



CLIFTON MANUFACTURING CO. (BOSTON.) 

 This company have been established for several years, and 

 have minufactured a general line of rubber goods, principally 

 clothing in the beginning, but adding later electrical rubber 

 goods, such as tapes, compounds, and tubing, and more re- 

 cently rubber press work and other sundries made from India- 

 rubber and Gutta-percha. In connection with the electrical 

 trade the demand for iron armored lined conduit has developed, 

 and the addition of a pipe lined with rubber has added much 

 totheoutput of the company, which has grown beyond their 

 present capacity, with the prospect that the manufacture of 

 conduit alone will become an important business in itself. The 



company have done a business of over $200,000 a year, and it 

 is proposed now to increase the capital to $200,000, and sub- 

 scriptions are now invited. The officers are: H. F. Spear, 

 president; J. C. Chamberlin, vice president; A. M. Lougee, 

 treasurer; D. B. Hayward, secretary. Offices: No. 220 Devon- 

 shire street, Boston. Factory at Hyde Park.==The Clifton 

 Manufacturing Co., on April 23, filed a certificate of incorpora- 

 tion in the office of the secretary of state of New Jersey, at 

 Trenton ; capital, $200,000. 



THE ASSETS OF THE OLD C. H. FARGO FIRM. 

 The litigation over the assets of the bankrupt shoe jobbing 

 firm of C. H. Fargo & Co. (Chicago), after five years, has been 

 ended by a decision by the United States supreme court, 

 which admits all creditors to share pro rata in the final dis- 

 tribution. The decision holds that that the preferences ob- 

 tained by the United States Rubber Co. were fraudulent and 

 should be set aside. The court did not believe, however, that 

 the conduct of the rubber company in trying to get possession 

 of the assets of the Fargo company was actually or wickedly 

 fraudulent, and therefore held that it should share in the as- 

 sets, the same as all the other creditors. The assets of the old 

 Fargo company, now amounting to $125,000, have all been 

 turned into cash. 



THE EXPORT TRADE IN WRINGERS. 



The American Wringer Co. are reported to be at present 

 shipping some 500 of their wringing and mangling outfits per 

 week to their English offices located at 121, Southwark street, 

 London, from where they are distributed throughout the 

 United Kingdom. The next best customer for equipment of 

 this description is said to be Russia, fair-sized consignments 

 being forwarded regularly through Markt & Co., Limited, prin- 

 cipally. Scandinavia, Holland, Belgium and Rhenish Germany 

 are also becoming steady purchasers, shipments to these coun- 

 tries being made chiefly through the before- mentioned export 

 commission house. The Australian orders for the American 

 Wringer Co.'s specialties mostly come through Arkell & Doug- 

 lass, Flint-Eddy & American Trading Co., and the Strong & 

 Trowbridge Co. 



THE LINSEED OIL TRUST. 



Announcement is made of a plan of merger of the Ameri- 

 can Linseed Co. and the Union Lead and Oil Co., with 

 a view to securing economies in marketing linseed oil 

 and white lead under one organizacion, since the two pro- 

 ducts are sold largely to the same class of customers. 

 Stockholders in the American Linseed Co. are requested 

 to send in their stock not later than June 5. The pro- 

 posed capital of the combined companies is $17,000,000, in 

 170,000 shares of common stock. President Guy C. Major, of 

 the Linseed company, says that when the company was organ- 

 ized, three years ago, they expected to do a business of $12,- 

 000,000. They had $5,000,000 working capital, and last year 

 their business amounted to $20,000,000. The supply of flaxseed 

 was deficient, in consequence of which prices were advanced ; 

 they had also to enlarge their factories, and had to borrow 

 money. Meanwhile the Union Lead and Oil Co. was formed, 

 with important mining interests and an improved method for 

 making white lead, and it has been thought best to amalgamate 

 with this company, as the best means of marketing economi- 

 cally the linseed oil product. 



LA CROSSE (WIS.) RUBBER MILLS CO. 

 The stockholders of this company, at a meeting held on 

 May 17, resolved to increase the capital stock from $50,000 to 

 $100,000, to provide for the growing volume of the company's 

 business. 



