92 



THE INDIA RUBBER WORLD. 



[November 1, 1911. 



operation. The building that houses this department is over 100 

 feet long, and the machinery for manufacturing the strands is 

 running. Motive power is supplied by electricity. 



The American Electrical Works is this year assessed by the 

 town of East Providence on a valuation of $603,450. 



* * * 



Both the Alice and Millville mills of the Woonsocket Rubber 

 Co. at Woonsocket, are running on full time at present, employ- 

 ing as many hands as their capacity will allow. 



* * * 



The Phillips Insulated Wire Co., of Pawtucket, having worked 

 its plant on a schedule of five days a week for some time, has just 

 felt that business conditions warrant the addition of a half day to 

 the working hours. This shop is one of the largest wire making 

 establishments in Rhode Island, employing over 300 hands. 



* * * 



The Washburn Wire Co., of Phillipsdale, paid its regular quar- 

 terly dividend of 1% per cent, on preferred stock October 2. This 

 company is assessed by the tax collectors of East Providence on 



a valuation of $380,114. 



* * * 



Business at the factory of the Consumers' Rubber Co., in Bris- 

 tol, is brisk at this time, and for several weeks it has been neces- 

 sary to maintain an overtime schedule. Terrence McCarty is 

 president of this concern. 



OPPORTUNITIES FOR AMERICAN TRADE IN 

 GERMANY. 



GEORGE S. ATWOOD, secretary of the American .A.ssocia- 

 tion of Commerce and Trade, in Berlin, who has been very 

 active in encouraging and assisting American trade in Germany, 

 and who incidentally is a very good friend of this publication, 

 sends us the following list of interrogations, which we are very 

 glad to publish : 



Did you ever try to sell your goods in Germany? 



Did you ever hear that Germany has a population of over 

 65.000,000? 



Did you ever realize that these 65,000,000 of people are great 

 buyers ? 



bid you know that some of the biggest American firms are 

 doing a rattling good business in Germany? 



Did you ever stop to think that labor-saving machinery is 

 eagerly bought in Germany? 



Did you ever hear that American machinery has revolutionized 

 several branches of German manufacture? 



Did you ever know that the Germans are like the Athenians 

 of old, always looking after something new? 



Did you every try to exploit the German market? 



Did you know that the Germans are larger buyers of American 

 machinery and American-made goods than all other Europeans? 



Did you ever hear of the American Association of Commerce 

 and Trade, Berlin? 



Did you ever hear that this association was organized primarily 

 for the promotion of American trade with Germany? 



Did you ever hear how the American Association of Commerce 

 and Trade has assisted American business men ? 



Did you ever consider it would be wise and in your interest 

 to ask the American Association of Commerce and Trade to 

 help you ? 



Did you ever consider the advisability of becoming a member 

 of the American Association of Commerce and Trade? 



Did you ever ask the assistance of this association to help you 

 enter the German market? 



// you have not done this, do so at once! 



INTERCONTINENTAL RUBBER CO.— ANNUAL 

 REPORT. 



A T the meeting of the stockholders of the Intercontinental 

 ** Rubber Co., held October 3, the annual report for the year 

 ending July 31, 1911, was submitted. All the retiring oflScers were 

 reelected. The 1 per cent, quarterly common stock dividend 

 which was paid during the past year was not declared for the next 



quarter. We give below the salient paragfraphs of the report, 

 together with the balance sheet: 



"During the fiscal year above mentioned, quarterly dividends 

 of 1J4 per cent, have been paid on the outstanding preferred stock, 

 and four dividends of 1 per cent, each have been paid on the 

 outstanding common stock, and in addition thereto the outstand- 

 ing preferred shares of the company have been reduced to 

 $1,250,000, thereby reducing the dividend charge ahead of the 

 common stock $52,500, so that it is now but $87,500 per annum. 



"While the profits of your company for the fiscal year ending 

 July 31, 1911, amount to $2,640,518.69, from which you paid divi- 

 dends amounting to $1,299,490.00, leaving a net amount, less 

 depreciation ($137,145.63) added to surplus of $1,203,883.06, your 

 directors feel that the unsettled conditions in Mexico, which may 

 aflfect both the cost of operation and the delivery and gathering 

 of the shrub, which is your raw material, justify extremely con- 

 servative action at this time, and looking toward the permanent 

 benefits to your company and to the value of your holdings, it 

 seems wise to accumulate and hold the surplus for the benefit 

 of the company for future development, rather than disburse it 

 in dividends, or retire a further amount of preferred stock, which 

 would be the regular course in normal times based upon the re- 

 sults obtained during the past fiscal year. 



"Your directors are also of the opinion that the high prices 

 of rubber which have prevailed on our contracts for the past sev- 

 eral years may suffer a decline during the coming period, as is 

 evidenced in so many other staple commodities. They also feel 

 that the investors in your securities will appreciate such con- 

 servative action, and will be in thorough accord with their de- 

 cision to pass the dividend on the common stock until such time 

 as conditions justify its resumption." 



BALANCE SHEET— JULY 31, 1911. 

 ASSETS. 



Investments $30,193,523.58 



Accounts and Notes Receivable, etc. : 



Advances to subsidiary companies. .$1,787,799.30 



Sundry accounts 2,675.41 1,790,474.71 



Cash 1,393,145.19 



$33,377,143.48 



LIABILITIES. 



Capital Stock : 



Common $29,031,000.00 



Preferred 1,250,000.00 



Total capita! stock outstanding $30,281,000.00 



Amounts Payable, Ta.xes Accrued, etc. : 



Due subsidiary companies $9,097.45 



Sundry accounts 12,486.74 21,584.19 



Dividend payable 290,310.00 



General reserve account 1,050,000.00 



Surplus (as below) 1,734,249.29 



$33,377,143.48 



SLTRPLUS ACCOUNT. 



Surplus August 1, 1910 $530,366.23 



Gross profits for year $2,714,255.45 



Less : 



Administration and general expenses 73,736.76 



Net profit for year 2,640,518.69 



Total $3,170,884.92 



Charges against surplus : 



Accounts charged off $137,145.63 



Dividends paid 1,299,490.00 1,436,635.63 



Surplus July 31, 1911 $1,734,249.29 



The accepted authority on South American rubber^"The 

 Rubber County of the Amazon," by Henry C. Pearson. 



