January 1, 1911.] 



THE INDIA RUBBER WORLD 



135 



News of the American Rubber Trade. 



C. ROBERTS RUBBER CO. BOUGHT BY FABER. 



EBERHARD FABER, long a partner of the late Christopher 

 Roberts in the rubber business at Newark, New Jersey, and 

 more recently an officer of the C. Roberts Rubber 

 Co., has bought the remaining interest in that concern. The 

 other shareholders were Mrs. George S. Coxe, the daughter of 

 the late Mr. Roberts, and her husband, who is connected with 

 the business, and Weldon Roberts, a nephew of Christopher 

 Roberts. 



This business was established in 1858 by Mr. Roberts, who 

 shortly afterwards made a contract with what is now the firm 

 of Eberhard P'aber, of Brooklyn, to supply erasers for lead 

 pencils — an arrangement which resulted in a large business, Mr. 

 Faber coming in time to take all the production of the factory. 

 Early in 18S9 the company was incorporated under the laws of 

 New Jersey as the C. Roberts Rubber Co., with Mr. Roberts, 

 president; Mr. Faber, vice-president; the capital stock was 

 $150,000. 



Mr. Roberts died in 1903. As the majority interest in the 

 company became less and less identified with the management, 

 the Faber firm e.xpressed a wish to control completely the rubber 

 manufacturing branch of their business, w'ith the result that the 

 other shareholders retired under a satisfactory agreement. 



WESTERN RUBBER CO.— EXTENSION. 



The Western Rubber Co. (Goshen, Indiana), closed their 

 works on December 21 to January 1, for the purpose of install- 

 ing a new engine and other new machinery ; also rearranging 

 much of their prior equipment in their lately completed new 

 building. The company were engaged in this work of renovation 

 practically for the entire year of 1910, and now have a thoroughly 

 equipped and modern rubber manufacturing plant. 



NEW CRUDE RUBBER FIRM IN NEW YORK. 



WiLLEMS & Co. (No. 56 Pine street, New York) are a new 

 firm engaged in the importation of African products, with crude 

 rubber a specialty. They are engaged in the direct importation 

 of African rubbers, Mr. Willems having been in Africa for the 

 last 15 years, where he was manager of a large rubber estate in 

 which he is interested, with headquarters at Leopoldville on 

 the Congo, and he is considered an expert on rubber. Mr. Hugo 

 Kastor, who has taken an interest in the business of Willems 

 & Co., has been, for a number of years, and still is engaged 

 successfully in other lines. 



RUBBER GOODS DIVIDEND. 



The directors of the Rubber Goods Manufacturing Co. on 

 December 7 declared from net earnings the forty-seventh regu- 

 lar quarterly dividend of 154 per cent, on the preferred shares, 

 payable December 15, 1910, to holders of record at 3. p. M. on 

 December 9. 



INTERCONTINENTAL RUBBER CO.— DIVIDENDS. 



At a meeting of the directors of the Intercontinental Rubber 

 Co. [New York: December 5] it was voted to retire on January 

 1 25 per cent, of the outstanding preferred stock, reducing the 

 total from $2,000,000 to $1,500,000. The preferred stock dividend 

 requirements— at 7 per cent, per year — thus are reduced to $105,- 

 000 annually. The directors declared the regular quarterly divi- 

 dend of Ifi per cent, on the preferred stock, payable January 1, 

 1911, to holders of record on December 20. The second dividend 

 of 1 per cent, on the common stock was also declared, payable 

 February 1, 1911, to holders of record on January 20. The first 

 common stock dividend was payable November 1 last. The state- 

 ment is authorized that for the quarter ended October 31 the 



net earnings amounted to more than $1,100,000. It was also 

 stated that notwithstanding a shrinkage in the prices of rubber 

 generally the contracts which the company have entered into 

 already insure a profitable year. Giles W. Mead was elected a 

 director to fill a vacancy. 



BOSTON BELTING CO.'S ANNUAL. 



.\t the recent annual meeting of the Boston Belting Co. the 

 directors were reelected : Thomas A. Forsyth, J. H. D. Smith, 

 Lewis M. Crane, Charles H. Moseley, Francis H. Stevens, Wil- 

 liam H. Furber, and George A. Miner. Thomas A. Forsyth was 

 reelected president; J. H. D. Smith, treasurer and clerk; and 

 Thomas Lang, Jr., and Charles J. Upham, auditors. The bal- 

 ance sheet as of September 30, 1910 — with comparative figures 

 for the preceding year — is appended : 



Real estate — land and buildings. 



Machinery 



Tools, furniture, and fixtures... 



Cash 



Bonds receivable 



Notes receivable 



Investment account 



Accounts receivable 



Merchandise 



Trade marks 



Sundries 



1909. 

 $254,281.85 

 250,702.48 I 

 97.661.80 j 

 40,065.26 



798,420.67 



911,366.04 

 100.00 I 

 550.00 i 



1910. 

 $324,711.85 



348,088.94 



79,618.73 



82.340.00 



841.72 



613,000.00 



120,089.44 



983,002.08 



7,917.15 



Total $2,353,148.10 $2,559,609.91 



LIABILITIES. 



Capital $1,000,000.00 



Reserve fund gTO.OOO.OO 



Profit and loss 379,148.10 



Notes payable 



174,000.00 



$1,000,000.00 

 800,000.00 

 337,609.91 

 422,000.00 



Total $2,353,148.10 $2,559,609.91 



The usual quarterly dividend of 2 per cent. — No. 165 — has been 

 ileclared, payable January 1. 



BOSTON WOVEN HOSE AND RUBBER CO. 



The Boston Woven Hose and Rubber Co. have filed with the 

 secretary of state of Massachusetts a statement of their finan- 

 cial condition, as required by the statutes, for their business year 

 ending August 31, 1910, the details of which are reproduced be- 

 low, in comparison with which are given also the figures for the 

 two preceding years : 



ASSETS. 



1908. 1909. 1910. 



Patents $1.00 $1.00 $1.00 



Land and buildings 785,799.71 825,435.97 800,000.00 



Machinerv and tools.... 508,300.78 562,340.97 450.000.00 



Cash 77,984.35 403,168.00 96,428.24 



.Accounts receivable 467,564.05 468,518.00 553,922.90 



Ofiice furniture 1.00 1.00 1.00 



:\Icrchandise 674,113.69 665,948.96 756.283.51 



Total $2,513,764.58 $2,925,414.80 $2,656,636.65 



LIABILITIES. 



1908. 1909. 1910. 



Capital stock, common.. 450,000.00 750.a'10.00 l «, -, c nrmnn 



Capital stock, preferred.. $7.50,000.00 $750.000.00 /^''^'^''^'^■^ 



Loans 695,000.00 455,000.00 85.000.00 



Accounts pavable 43.669.33 47,789.20 57,902 71 



Accrued wages 8,456.80 11,463.26 



Guarantee account 87,270 68 



Surplus 575,095.25 914,168.80 900,000.00 



Total $2,513,764.58 $2,925,414.80 $2,656,636.65 



