May i, 1910.] 



THE INDIA RUBBER WORLD. 



291 



News of the American Rubber Trade. 



AFFAIRS OF THE UNITED STATES RUBBER CO. 



THE annual meeting of shareholders of the United States 

 Rubber Co., for the election of directors and the trans- 

 action of any other business which may properly 

 be brought before the meeting, will be held at the registered 

 office of the company, in New Brunswick, New Jersey, on 

 Tuesday, May 17, at 12 o'clock noon. Under the corporation 

 laws of New Jersey no shares of stock may be voted which 

 shall have been transferred after April 26. 



The board of directors of the United States Rubber Co. on 

 April 7 declared from the net profits of the company the regu- 

 lar quarterly dividends of 2 per cent, on the First preferred 

 stock (including all outstanding old "Preferred" stock), and 

 l l /i per cent, on the Second preferred stock, payable without 

 closing of the transfer books on April 30. 



RUBBER GOODS MEETING POSTPONED. 



The annual meeting of shareholders of the Rubber Goods 

 Manufacturing Co., called for April 14 [see The India Rubber 

 World, April 1 — page 255], has been postponed, to be held at 

 the same place on May 19. While the annual report of the 

 company will not be made public until the date of the meeting, 

 it is announced unofficially that the net earnings for the business 

 year just closed were in excess of those for the preceding year. 



BLOOMINGDALE RUBBER CO.— A REORGANIZATION. 



In 1879 there was established at Butler, New Jersey, a small 

 mill for reclaiming rubber ; from this beginning a large business 

 was developed, under the style Bloomingdale Soft Rubber 

 Works. Interested in the business were the late Hon. Garrett A. 

 Hobart, some time vice-president of the United States, with 

 Mr. J. J. McDavitt as partner. In 1891 they formed a cor- 

 poration, and the original factory was extended. The product 

 of the factory has been prepared always by mechanical means. 

 Owing to the present activity of the rubber industry, the plant 

 at Butler has been reorganized, and the business incorporated 

 as the Bloomingdale Rubber Co. The interest once owned by 

 Mr. Hobart has been taken over and the company is now con- 

 trolled by the following board of directors : F. T. Bedford, 

 John J. McDavitt, George A. Mahana, Ira W. Henry, and 

 Frank Hall. 



BOSTON BELTING CO. IN CHICAGO. 



The Boston Belting Co. have opened a store in Chicago, at 

 No. 177 Lake street, in charge of Mr. M. S. Curwen, manager 

 of sales, in which they shall carry a complete assortment of 

 their mechanical goods' product. The Boston Belting Co 

 have been represented in Chicago for a number of years by 

 agents, the last arrangement having existed since September, 

 1904, with the Jewell 'Belting Co. Formal notice of termina- 

 tion of this contract was issued on April 9. The Jewell Belt- 

 ing Co. were established in 1848 as manufacturers of leather 

 belting, their main office now being at Hartford, Connecticut. 

 They have also been large handlers of rubber belting, and in 

 connection with this department of the trade have been, as 

 here stated, carrying the Boston Belting Co.'s products. The 

 Jewell company announce: "The Boston Belting Co. is now 

 opening its own branch in Chicago, and we cordially bespeak 

 for it the same liberal treatment from our friends as has been 

 heretofore accorded to us." 



CANADIAN GENERAL ELECTRIC CO. 



The report of the Canadian General Electric Co., Limited, 

 for the year ending December 31, 1909, shows profits of 

 $625,990.23, comparing with $753,088.12 in the preceding year, 

 and $853,675 record earnings — in 1906. It is pointed out, how- 

 ever, that this statement does not reflect the actual measure 



of the prosperity of the company at the end of the year. The 

 company have recovered wholly from the financial depression 

 of a year or two ago, and are now actively employed upon 

 large orders which promise profits equaling those of any 

 former year. The year's dividends amounted to 7 per cent, 

 on the preference and 7 per cent, on the ordinary shares. 

 From 1899 to 1907, inclusive, 10 per cent, dividends were paid 

 on the ordinary shares, but the issue of preference shares 

 was then smaller than at present. Meanwhile the interest 

 charge has been lessened. The directors' report points to 

 work in construction embracing some of the most important 

 electric equipment ever planned. 



PROFITS OF THE MACKAY COMPANIES. 



The annual report of The Mackay Companies for the year 

 ended February 1, 1910, shows an increase of earnings. The 

 corporation owns the entire capital of The Commercial Cable 

 Co. and the Postal Telegraph system, besides important holdings 

 of telephone shares. It had nothing to do with the recent com- 

 bination of the American Telegraph and Telephone Co. and 

 the Western Union Telegraph Co., but remains a wholly in- 

 dependent organization, competing with the other companies as 

 always. The income of The Mackay Companies is described as 

 "from investments in other companies'" — meaning those named 

 at the head of this paragraph. Following are comparative fig- 

 ures for the last two business years : 



1908. 1909. 



Income $3,685,761.91 $3,808,779.05 



Dividends paid 3,655,216.00 3.758,667.00 



Balance carried forward 5,518.46 17,777.21 



Surplus 885,989.15 903,766.36 



The capital remains unchanged. Four per cent, was paid on 

 $50,000,000 of preferred shares, the same as last year. The 

 dividend of the common shares ($41,380,400) was increased 

 from 4 to 4^ per cent. 



NEW RECLAIMING PLANT. 



The Harmer Rubber Reclaiming Works, the incorporation of 

 which is reported in this paper, have purchased at East Mill- 

 stone, New Jersey, premises well adapted for the rubber reclaim 

 ing industry, being situated on the Delaware and Raritan canal 

 and on the Pennsylvania railroad. The company will occupy a 

 building 60 X 130 feet which is being remodeled, and it is ex- 

 pected that the machinery will be installed by June 1. The prop- 

 erty comprises several excellent artesian wells. Thomas W. 

 Harmer, the president of the new company, has been connected 

 as superintendent with the Manufactured Rubber Co. (Phil- 

 adelphia and Metuchen) for ten years. It is stated that the 

 company have in hand good contracts for their prospective 

 production. 



TRADE NEWS NOTES. 



The Victor Rubber Co. (Springfield, Ohio) have adopted as 

 the name for their new sheet packing "Viruco," the pronunci- 

 ation of which is indicated by "vi-ru-co," and the name of 

 course is derived from the title of the company. 



The Fischer Process Rubber Co., Inc. [see The India Rubber 

 World, September 1, 1909— page 436], according to an official 

 of the company, has failed. The company was formed to work 

 certain processes for the treatment of crude rubber, and had 

 headquarters at No. 150 Nassau street, New York. 



Morgan & Wright (Detroit, Michigan) are furnishing both 

 their "Nobby" and plain tread tires in millimeter sizes up to 

 935 mm. X 135 mm. The demand for tires of such measure- 

 ment indicates that they are wanted among owners of foreign 

 cars equipped with metric rims. 



