December 1, 1910.J 



THE INDIA RUBBER WORLD 



83 



Some Rubber Interests in Europe. 



REPORT OF THE HARBURG-VIENNA COMPANY. 



THE directors of the Vcreinigte Gummiuaren-Fabriken Har- 

 burg-Wien (vornials Menier-J. N. Reithoffer), Actien- 

 gesellschaft, in their report tor the thirty-eighth business 

 year of the company, ended June 30, 1910 — presented at the an- 

 nual meeting on October 29 — call attention to the exceptionally 

 high price of raw material and the difficulty of obtaining cor- 

 respondingly larger prices for their products, in the face of whioh 

 facts the net earnings were larger than in the preceding year. 

 The financial statement is summarized in the following table, 

 which shows dividends for the year amounting to 7 per cent., 

 against 6 per cent, for the year ended June 30, 1909 



Net profit this year .^ M 617,775.21 



Dividend 5 per cent, on the entire capital 300.000.00 



M 317,775.21 

 Less 10 per cent, commission to the directors 3t, 777. 52 



M 285,997.69 

 Balance from the preceding year 157,098.90 



M 443.096.59 

 Dividend 2 per cent- on the entire capital 120,000.00 



Balance to 1910-11 M 323,096.59 



The report contains some interesting particulars regarding the 

 "participation" of the Ilarburg- Vienna company in other cor- 

 porations : 



Compania Explotadora de Caucho Me.xicano, Mexico. — This company 

 having been converted into an English joint stock company, we have 

 realized on our interest. The surplus obtained, as compared with book 

 value, we have ap-plied to writing off. 



International Galalith-Gesellschaft Hoff & Co., Hamburg-Paris. — This 

 company, during the past year, has worked satisfactorily and achieved a 

 good result, so that, with liberal writing off, a dividend of 10 per cent, 

 has been set aside for distribution. In order to promptly execute incoming 

 orders, an enlargement of the plant must be undertaken. 



Kautschukgesellschaft Schon & Co., Harburg. — This company, for the 

 first year of its existence, has also operated satisfactorily, so that while 

 writing off liberally, a dividend of 6 per cent, became available for dis- 

 tribution. For the current business year also, as far as can be judged at 

 present, a good outcome is promised. 



Harburg and Vienna India Rubber Co. (of Great Britain), Limited. — 

 This company, originating in our former London agency, has had to suffer 

 under the unfavorable combination of circumstances, and consequently has 

 operated with but little satisfaction. 



The following details appear in the report : 



"In Austria-Hungary, in spite of the Austro-Hungarian agree- 

 ment, we were confronted with low-selling prices, being seri- 

 ously affected by foreign competition. For centralization pur- 

 poses we have, since July i of the current year, transferred the 

 commercial management of our Linden works to Harburg. The 

 Linden plant now serves entirely for the manufacture of certain 

 special articles." 



AKTIENGESELLSCHAFT "KAUTSCHUK" IN RUSSIA. 

 Referring to the recent mention of this company in these pages 

 [see The India Rubber World, October i, igio — page 21], it 

 is proper to state that the circular relating to its formation was 

 not sent out by the Gummiwaren-Fabrik "Russia" Gebriider 

 Freysinger, of Riga, but by the organizers of the company first 

 named in this paragrapli. The new company, whose board of 

 directors include the owners of the "Russia" company, have se- 

 cured the exclusive sale of the products of the "Russia" com- 

 pany, and taken over all the branch establishments of the latter 

 concern, which gives the new company an exceptionally well- 

 organized selling organization, extending all over Russia. The 

 Aktiengesellschaft "Kautschuk," at the same time, have entered 

 into negotiations with several other rubber companies, in differ- 

 ent countries, for the exclusive sale of their products in Russia. 

 , The new company is under the control of Herr S. Gens, an old 

 employe of the Freysinger company, and latterly its chief bus- 

 iness manager. 



GOOD ELECTRICAL BUSINESS IN GEEMANT. 

 At the twenty-seventh annual meeting of the Allgemcine 

 Elektricitats-Gesellschaft (Berlin: October 15) the directors 

 recommended a dividend for the year ended June 10 of 14 per 

 cent. The dividend was 8 per cent, for 1902-03, and has increased 

 during the successive years to 9, 10, 11, 12, and 13 per cent., 

 and now the figure is 14 per cent. Meanwhile the share capital 

 has been largely increased, being now 86,000,000 marks [=: $20,- 

 468,000]. The net profits from manufacturing in the past year 

 were 12H per cent. larger than in tlie preceding twelvemonth. 

 The profit on securities owned by the company was devoted to 

 offsetting the depreciation account. 



NEW CABLE WORKS IN ENGLAND. 



Tht. directors of Deutsche Kabelwerke Actiengesellschaft, of 

 Rummelsburg-Berlin. have resolved to increase the share capital 

 of the company from 3,500,000 marks to 5,250,000 marks, by the 

 issue of new shares which have been taken over by the Dresden 

 bank at II5'4 per cent., and are to be offered to existing share- 

 holders at 125 per cent. The new capital is to be used in extin- 

 guishing the bank debt, the extension of the German works, and 

 the erection cf a branch factory in England. It is stated that the 

 work in England will be proceeded with by the British connection 

 of the German concern — the Union Cable Co., Limited — on the 

 banks of the Thames, near London, and that the latter company 

 consequently will also raise its share capital. 



DANISH RUBBER GOODS TRADE IN 1909. 



The following data are taken from the report on Danish in- 

 dustries for 1009, published by the Copenhagen Industrial Asso- 

 ciation : 



"The year proved to be less satisfactory for the rubber goods 

 industry, in consequence of the very considerable advance in the 

 prices of the crude material. While this branch of industry had 

 made great progress during the past few years, its development 

 appears to be at a standstill at present, although it will probably 

 not remain in this condition for any length of time. 



"The Alstieselskabet Mariendal Gummivarefabrik, organized 

 in 1908 with a capital stock of 50,000 kroner [=$13,400], went 

 into the hands of a receiver on December 29, 1909, and there is 

 no probability of its resuming operations. 



"While it is well known that repairs to bicycle rubber tires are 

 generally made by blacksmiths and machinists whose principal 

 line of business consists in repairing bicycles and selling second- 

 hand rebuilt articles, the rapidly increasing use of automobiles 

 in Copenhagen has resulted in the establishment of special sliops 

 whose owners are exclusively engaged in work on automobile 

 cpvers and tire tubes. As an instance for a rather important 

 establishment of this kind, we mention the Aktieselskabct Dansk- 

 Russisk Vulkaniseringsanstalt, with a capital stock of 15,000 

 kroner [=: $4,020], whose shop employs about twenty-five men. 

 The cost of the plant was about 15,000 kroner, and part of its 

 work is based on certain manufacturing secrets." 



Aktieselskabct de Forende Gummi-og Luftringefabriker 

 (Schionning & Arve), at Copenhagen, distributed a dividend of 

 IS per cent, for the business year ending November i, 1909, 

 against 10 per cent, in previous years, which, Gummi-Zeitung 

 remarks, apparently contradicts the initial remark of the Copen- 

 hagen Association report. 



SWEDEN. 

 The firm of Gunnar Hirsch, dealers in rubber goods, in Stock- 

 holm, established in 1903, have succeeded in building up an im- 

 portant business, extending far beyond the limits of Sweden. 

 The proprietors are Gunnar Ilirsch and Carl A. Johansson. 

 The firm do an especially large business in waste rubber. 



