April 1, 1912.] 



THE INDIA RUBBER WORLD 



353 



News of the American Rubber Trade. 



REPOET OF IHE CANADIAN CONSOLIDATED RUBBER CO. 



IX the last annual report of the Canadian Consolidated Rubber 

 Company, given out the last of February by the president, 

 D. Lome McGibbon, he states that the operations for 

 the year 1911 resulted in an increase of 22 per cent, in the 

 sale of general rubber goods, and that there was an increase 

 in the volume of footwear sales — though a lower net return, 

 owing to the reduction in price. He calls attention to an 

 important development in the footwear department in the 

 way of selling directly to the retailer, through the establish- 

 ment of a large number of selling branches, the total number 

 of which is now twenty-seven. The report continues : 



"The total manufacturing profits of the subsidiary compa- 

 nies amounted to the sum of $489,465.32, from which has to 

 be deducted the sum of $74,154.80, being the net cost to the 

 Consolidated Company for marketing the products of the 

 subsidiary companies, in excess of the commissions to which 

 it was entitled under its selling arrangement with the sub- 

 sidiary companies. It was necessary to fix an arbitrary com- 

 mission for the first year, which commission, although not 

 sufficient to meet all the expenses for the first year, your 

 board believes to be a fair one, as in future the Consolidated 

 Company will not have to incur the extraordinary expenses 

 already referred to in connection v.-ith the establishment of 

 its new organization to act as selling agents for the sub- 

 sidiary companies. 



"The total net profits of the Consolidated Company and its 

 subsidiary companies for the past year amounted to the sum 

 of $415,310.52, and the payments for bond interest, preferred 

 and common dividends, amounted to $405,842. 



"During the year extensive improvements and additions 

 have been made, costing $742,650.84." 



A SUCCESSFUL DERESINATING PLANT. 



During the year of 1909 and the early part of 1910 conditions 

 in the rubber market looked favorable for the production of good 

 grade rubbers derived from low grade gums, such as Guayule, 

 Pontianak, etc., to compete in certain lines of manufacture with 

 Para and plantation products. 



With this idea in view the Acushnet Process Co., of New 

 Bedford, Massachusetts, was organized in the spring of 1910 by 

 Francis R. Peabody, of Akron, Ohio ; Philip E. Young, of Ded- 

 ham, Massachusetts, and Allen T. Weeks, of New Bedford, 

 Massachusetts, all of whom are actively engaged with the com- 

 pany and own practically all the stock. Mr. Peabody has had 

 twelve years' experience in the deresinating business and brought 

 many new and advanced ideas for the design of the factory. 



Construction was immediately commenced and in November 

 manufacturing was actively begun. The factory is particularly 

 well designed and is adapted to the deresination of gum that 

 contains resin in any form or quantity, and also for the recovery 

 of unvulcanized rubber in friction and miscellaneous clippings. 

 The capacity of the factory varies with the nature of the gums 

 to be treated, from a daily average consumption of about 10,000 

 pounds of Guayule to 30,000 pounds of Pontianak. 



The company has a well-equipped laboratory for testing samples 

 of crude gums for yield and quality, and is always glad to try 

 out any gums sent them and give estimates. 



The location in New Bedford was decided upon by reason of 

 its accessibility to New York; a daily freight steamer supplying 

 faster, more dependable and cheaper service than can be had by 

 rail transportation. By this means the company is in a position to 

 obtain and supply goods in a very short time. 



The rubber obtained is washed and in most cases vacuum-dried. 



though some manufacturers prefer to do their own drying, in 

 which case the rubber is shipped out wet. Yields from the crude 

 vary widely with the different gums to be deresinated, and often 

 a large variation is found in different brands of the same gum. 

 But by reason of observations extending over many years, the 

 variation in yield is a pretty well-known factor and business is 

 frequently done with a guaranteed yield from the crude. 



Deresinated rubbers require more care in washing and drying 

 than is given Para, but in the finished goods often give a higher 

 tensile strength, and are very durable, as shown by exhaustive 

 tests and actual experience. They are well adapted for specifica- 

 tion work, as the resin content is easily controlled between the 

 range of 1 per cent, to 7 per cent., and in general they give re- 

 markably good physical tests. 



The deresinating business has been good, and for the past six 

 months the factory has been running day and night. Plans are 

 already being laid to take care of the rapidly increasing business 

 by a further addition to the plant, which will double its capacity. 



THE B. & H. RUBBER CO. 



The B. & R. Rubber Co., North Brookfield, Massachusetts, has 

 filed with the Secretary of State of Massachusetts a statement of 

 its financial conditions, as required by the statutes, for the busi- 

 ness year ending December 31, 1911, the details of which are 

 reproduced below : 



ASSETS. 



Land and buildings $ 54,870.33 



Machinery, tools and fixtures 139,121.51 



Merchandise 82,291.71 



Cash and receivables 83,730.85 



Good will 175,000.00 



Reserves for prepaid taxes, insurance, etc 2,406.56 



$537,420.96 



LI-'\BILITIES. 



Capital, preferred $260,000.00 



Capital, common 240,000.00 



Accounts pavable 8,208.08 



Surplus ....'. 29.212.88 



$537,420.96 



Liberal allowances have been made for depreciation, and the 

 surplus shown in the statement of December 31, 1910, has been 

 adjusted by the new auditors for the new treasurer, as follows: 



Surplus January 1, 1911, as per books $57,232.04 



Less dividends declared December 31, 1910, 



but entered on the books in January, 



1911 (mostly accumulated dividends on 



preferred stock) $27,192.00 



Less other items pertaining to 1910, but on 



books in 1911 4,930.09 32,122.09 



Leaving an adjusted surplus January 1, 1911 $25,109.95 



Dividends, reserve for depreciation, bad debts written off, 

 have been deducted from net earnings, and the surplus has been 

 increased $4,102.93. 



MACHINERY OF THE NEWARK RUBBER CO. GOES TO BUFFALO. 



The Frontier Tire and Rubber Co., Buffalo, New York, has 

 purchased the entire plant of the Newark Rubber Co., of New- 

 ark, New Jersey, consisting of machinery and equipment intended 

 for rubber tire manufacture. This additional machinery will 

 very considerably increase the facilities of the Frontier company. 



