May 1, 1911, 



THE INDIA RUBBER WORLD 



287 



News of the American Rubber Trade, 



A CHICAGO FIRMS RAPID PROGRESS. 



E. F. Norton & Co., Cliioago, dealers in scrap rubber, an- 

 nounce their removal into new quarters, southwest corner of 

 Orleans and Ontario streets, that city, where they will occupy 

 the entire building, of four stories and basement, of which an 

 illustration is given herewith. 



The firm started, on a very modest scale, in the latter part 

 of November, 1909, but did not actually engage in the scrap 

 rul)l)er business until January, 1910, when they occupied a suite 

 of offices at 145 La Salle street. The rapid growth of their 

 business compelled them to remove, in March of that year, to 



Their New Buh.iung. 



tlu-ir present quarters on Soutli Canal street, and the business 

 continuing to increase, they had to rent an additional warehouse 

 on Canal street. It was not long, however, before these quarters 

 too were outgrown, and they eventually secured the Iniilding 

 they will now occupy. 



With light on three sides and containing approximately fifty 

 thousand feet of floor space, with a private switch track from the 

 Chicago, Milwaukee & St. Paul Railroad on the premises, and two 

 electric elevators, the handling of receipts and shipments will 

 be greatly facilitated in their new quarters, and they will be 

 able to take care of carload lots, with the least possible labor. 

 The excellent light will also facilitate the work of assorting 

 and the number of baling presses used will also be increased, 

 enabling the firm to conveniently handle the largest volume of 

 business, with which their patrons, a continuation of whose 

 favors they solicit, may entrust them. 



CANADIAN GENERAL ELECTRIC CO., ANNUAL REPORT. 



The annual report of the directors of the Canadian General 

 Electric Co., submitted to the general meeting held recently in 

 Toronto, shows gross profits for the year ending December 31, 

 1910, exceeding those of the preceding year by nearly 50 per 

 cent. After setting aside $188,087 for depreciation and $76,820.68 

 for interest, there remained the sum of $646,300.08. After de- 

 ducting $494,624.83 for dividends on preferred and common 

 stock, there was a balance of $157,675.25 to carry to the credit of 

 profit and loss, .'\dded to the balance already existing, this 

 makes $311,143.31 in this account, which, with the reserve fund 

 of $1,669,531.95, makes the total surplus $1,980,675.26. Both as 

 to volume and price, the past year's business was reported as 

 having been satisfactory and unfinished business to the value of 



$4,000,000, on which no profit lias been taken into acco\uit, is 

 carried forward to next year. 



During the year important improvements on the company's 

 plant have been made, including a large addition to the machine 

 shop at the Peterborough works. In order to increase the 

 capacity of the structural steel department, the lands and plant 

 of the Canadian Shipbuihling Co., near Bridgeburg, Out,, have 

 been leased on terms that make them the company's property in 

 twenty years. 



UNITED STATES RUBBER COMPANY DIVIDENDS. 



.*\t the annual meeting of the above company, held in .\ew 

 N'ork on ."Xpril 6, the usual quarterly dividends of 2 per cent, 

 on first preferred and IM; per cent, on second preferred shares 

 to stockholders of record April 14, was declared payable, with- 

 out closing of the transfer books, on April 29, 1911. No action 

 on the payment of a dividend on the common stock was taken 

 prior to the adjournment of the meeting subject to the call of 

 the cliair. 'i'be annual meeting of the stockholders of the com- 

 pany will In- Iitlcl .May 16, 1911, at New Brunswick, New Jersey. 



CANFIELD RUBBER COUFANV. 



TiiK Canfifld Rubber Company, Bridgeport, Conn., are erect- 

 ing an addition to their plant in that city, in the shape of a 

 two-story brick building 36 .x 140 feet. It will be used for office 

 purposes and for the accommodation of their knitting and wind- 

 ing- departments, which have been overcrowded owing to the 

 steady increase in tlie company's business. 



NEW BOSTON MANAGER FOR U. S. TIRE. CO. 



E. J I. KiuDER. who succeeds Mr. L;ingmaid as manager of tlic 

 Boston branch of the United States Tire Co., is well known 

 in automobile trade circles, in connection with tire interests. A 

 few years ago, he represented one of the big tire concerns on 

 the Glidden tour, and soon afterwards became Boston manager 

 for the Continental Tire Company, the business of which he was 

 instrumental in increasing greatly. When the Unitetl States Tire 

 Company was formed he was given charge of its solid tire de- 

 partment, and his promotion to the management of the Boston 

 branch is the outcome of his assiduity and success in that posi- 

 tion. 



TRADE NEWS NOTES. 



The dividend paid by the General Rubber Co., on March 20. 

 amounted to 10 per cent., not 20 per cent, as was made to appear 

 through a typographical error, in the April 1 immber. 



Tlie Goodyear Tire and Rubber Co., Akron, Ohio, have re- 

 moved their Chicago brancli office to Nos. 177 and 179 North 

 Michigan avenue. 



An idea of tlie magnitude of the rubber tire business in the 

 United States is afforded by the records of the shipping depart- 

 ment of one of the big concerns. During the month of March 

 there were shipped from the factories of the Diamond Rubber 

 Company, Akron, Ohio, 100,000, all but a baker's dozen, of auto- 

 mobile tire casings. This means four and a half freight cars 

 loaded with tires despatched every working day, and had they 

 been shipped simultaneously it would have required more than a 

 hundred cars, made up into two trains to transport them. 



The Gutta Percha and Rubber Manufacturing Company, New- 

 York, manufacturers of mechanical rubber goods, have removed 

 their San Francisco office to 34 Fremont street. They also 

 announce the removal of their Chicago store to 301 West Ran- 

 dolph street, corner of Franklin. 



Revere Rubber Co., Chelsea, Massachusetts, manufacturers of 

 mechanical rubber goods, have removed their Chicago branch 

 from 168 Lake street to 1S8 West Lake street. 



