6(M 



THE INDIA RUBBER WORLD 



TAurusT 1, 1914. 



Changes in the capital stock of the Congress Shoe & Rubber 

 Co. and the Pilgrim Rubber Co. are reported. These two com- 

 panies, which are both selling rubber footwear made by the 

 Hood Rubber Co., recently moved from adjacent premises on 

 -Atlantic avenue to adjoining and connecting stores on Summer 

 street extension, while the management and otTicers of botli 

 companies were changed. Since then the Congress Shoe & 

 Rubber Co. has authorized a reduction in capital from $100,000 

 to $5,000 by the cancellation of $45,000 of common stock in the 

 hands of the treasurer and the surrender of authority to issue 

 $50,000 preferred, none of which has ever been issued. The 

 Pilgrim Shoe & Rubber Co., in contrast, has authorized an in- 

 crease in capital stock by 500 shares of common. 



* * * 



[ understand that the Fisk Rubber Co. has been most successful 

 since its reorganization in 1912, and that its last year's gross 

 business was nearly $12,000,000, about SO per cent, better than its 

 1912 showing. It is now turning out nearly 3.000 tires per day, 

 if reports in the daily press are accurate. 



* * * 



Ernest \V. Graves, president, and Douglas N. Graves, treasurer 

 of the United States & Mexico Banana Co., who have been ac- 

 cused of selling the assets of that company for $56,000 and failing 

 to distribute this sum among the stockholders, are alleged to 

 have been promoters of rubber plantation companies and fruit 

 raising corporations, using the firm name of Graves & Graves, 

 Inc., circularizing small investors in various sections of the coun- 

 try. The court was asked to restrain the defendants from dispos- 

 ing of the moneys or assets of the corporation, and to appoint a 

 receiver, but when the case was called for trial, on July IS, the 

 complainant, William L. Thompson, did not appear, an agree- 

 ment to dismiss the suii having been reached. 



THE RUBBER TRADE IN CHICAGO. 



By Our Regular Corrcsf'OHdcnt. 

 /'CONDITIONS in the rubber trade in this city are quite 

 ^^ favorable in most hnes, and particularly in tires and belt- 

 ing, the opinion being expressed by one of the leaders in the 

 industry here that a new record has been made this year by 

 the belting concerns of Chicago. The initial sales were heavy, 

 and the requirements necessitated by the unusually large crops 

 have increased the total to very satisfactory figures. One sale 

 during the month by the W. H. Salislniry Co. to the Rock 

 Island Elevator at Kansas City, Missouri — a repeat order — 

 amounted to 2,500 feet of 22 and 30 inch belting. 



The tire business in the middle west has shown a marked im- 

 provement during July, due to two causes — the improvement in 

 country roads owing to the favorable weather and the increasing 

 popularity of extended motor trips. 



Another line in which sales are expected to materially im- 

 prove in the near future is in railroad supplies. In an exclusive 

 interview with your correspondent, Mr. J. H. Anderson, of the 

 local branch of The B. F. Goodrich Co., had the following to 

 say on this subject: 



"If the request of the carriers for an increased freight rate is 

 granted, as I understand it will be within a few weeks at the 

 latest, there will be some phenomenal purchases of air-brake 

 hose, bell cord and other rubber products used by the railroads. 

 I have reason to believe that the stocks of most of the railroads 

 are low. They have been following a policy of retrenchment, 

 owing, I think, to a certain resentment over the delay in grant- 

 ing them the increase they want. Now I believe that if the 

 increase in freight rates is given to the railroads in the near 

 future they will at once change their policy, and not only pro- 

 ceed to push business in all directions but pass out the word 

 to their purchasing departments to load up at once. Most of 

 the western, railroads buy their entire supply of rubber equip- 

 ment in Chicago, and many of the eastern roads also come 



here for similar supplies. The total figures last year in rubber 

 supplies purchased by the railroads of the country reached 

 $8,000,000, evidence that tlie railroads are no mean customers." 



THE RUBBER TRADE IN RHODE ISLAND. 



By Our Regular Correspondent. 



OWING to the close relationship of the affairs of the Con- 

 sumers Rubber Co,, of Bristol, the Atlantic National 

 Bank of this city and the Walpole Tire & Rubber Co., all 

 of which are in receivers' hands, the outcome of the settling 

 of the affairs of the latter concern is being watched with 

 more than usual interest in this vicinity. The auction sale of 

 tlie plant of the Walpole company, which on June 1 was 

 postponed to July 8, because the upset price of $1,500,000 

 was not reached, on the latter date was again postponed 

 until August 12. Curtis G. Metzler, representing the reor- 

 ganization committee of the stockholders, stated to the court 

 that his committee had come to a partial agreement with the 

 creditors' committee that inasmuch as the masters had not 

 found, with respect to some $300,000 of claims, as to whether 

 they should be allowed or disallowed; and with plans pending 

 whereby the reorganization committee shall bid in the plant, 



the postponement was agreed to. 



* * * 



The new plant of the Phillips Insulated Wire Co., in 

 Pawtucket, will, when completed, be a model of its kind. 

 The specifications have been completed and the old plant will 

 be connected with the new, across Freeman street, by tunnels. 

 The maximum dimensions of the new mill building will be 

 200 X 200 feet, three stories and basement. The lower floors 

 of the mill will be of exceedingly heavy construction, the two 

 upper floors being of ordinary strength. Steel floor beams 

 and cast iron columns will be used throughout. The mill 

 tower will contain a 30,000 gallon tank to serve a complete 

 system of automatic sprinklers. The new power house and 

 mill are to be connected with each other and with the present 

 plant by an overhead bridge and three underground tunnels. 



The power house will be about 100 feet long. 60 feet wide 

 and 40 feet high. It will be equipped with two 600 kilowatt, 

 550 volt, three-phase 60-cylinder turbo-generators, made by 

 the General Electric Co. The generators will operate, con- 

 densing by means of a surface condenser made by the 

 Wheeler Condenser & Engineering Co., using an Edwards 

 air pump and a turbine-driven centrifugal pump made by the 

 De Laval Co. The Barnard cooling tower will be 65 feet 

 high, and will be operated by two fans 10 feet in diameter 

 running at 220 revolutions per minute. Steam will be fur- 

 nished by eight 90-inch Manning boilers having a total capac- 

 ity of 2,400 boiler horse power. The coal for the boilers 

 will be stored in an underground coal pocket adjoining the 

 entire length and end of the power house for a distance of 

 170 feet. The chimney will be of red radial brick, 175 feet 

 high and 7 feet internal diameter, and will have lightning 

 rods and exterior ladder. The power house will be equipped with 

 "fenestra" steel sash, wire glass and copper doors and will be 

 entirely fireproof throughout. \n artesian well. 700 feet deep, 



will furnish a supply of 200.000 gallons of water daily. 



* * * 



Colonel Samuel P. Colt, president of the L'nited States 

 Rubber Co., sailed on July 1 from New York on the ".Aqui- 

 tania" for several weeks' absence in Europe. He was accom- 

 panied by Colonel Harold J. Gross of this city and wife, the 

 latter being Colonel Colt's niece. They will spend most of 

 their time in London and Paris, motoring in France and 

 England. The daily paper published on board the Cunard 

 liner printed an iiUeresting account of the celebration of 

 Fourth of July on that steamer, in which Colonel Colt was 

 credited with playing a prominent part, officiating as chair- 

 man of ilie day and tciastmaster at the dinner in the evening. 



