284 



THE INDIA RUBBER WORLD 



[May i, 1904. 



EARNINGS OF CONSTITUENT COMPANIES FOR I9O3 AND DISPOSITION. 



Net unapplied earnings, as per previous report $ 4q2.20S.48 



Earnings of the companies for the year.. . .$2,133,787.56 

 Charged off for maintenance and repair . . . 209,644.73 



Net profit for 1903 $1,924,142.83 



From the above there has been 

 set aside for sinking fund : 



For bonds $ 56,477.65 



For additions to plants . . . 260,280.93 



For depreciation 295,565.05 612,323.63 



Leaving a balance of ... 1,3:1.819,20 



Making a total of $1,804,027.68 



Out of which dividends have been declared for the year 



ending March 31, 1904 938,860.72 



Net unapplied earnings of allied companies $865,166 90 



Less amount owned by stockholders other than the Rub- 

 ber Goods Mfg. Co 47,612.64 



Net unapplied earnings belonging to the Rubber Goods 

 Mfg. Co 



517.554-32 



Of the above dividends $938,860.72 



There was paid to stockholders other than the Rubber 

 Goods Mfg. Co 58,392.00 



Dividends paid to Rubber Goods Mfg. Co. 



80,468.72 



The figures given in the preceding column are compared be- 

 low with the corresponding details in the former four annual 

 reports of the company : 



RUBBER GOODS MANUFACTURING CO. 



Income from dividends declared by constituent companies : 



1899 $ 644,624.83 



1900 1.301,609.73 



1901 1,362,82400 



1902 (to March 31, 1903) 1,570,40264 



468.72 



1903 (to March 31, 1904). 

 Interest account : 



1899 — Excess of receipts 



1900 — Excess of receipts 



iqoi — Excess of payments 



1902 (15 mos.) — Excess of payments 

 1903 — Excess of receipts 



880,. 



$37 

 25 

 22 



47 



5 



880.11 

 561.80 

 556.81 

 ,482.77 

 .584-04 



EARNINGS OF CONSTITUENT COMPANIES. 



* Gross earnings, 1899 $1,652,901.09 



Do iqoo 2,083,049.75 



Do 1901 1,898,96450 



Do 1902 2,103,377.80 



Do 1903 2,133,787.56 $9,872,080.70 



Charged for depreciation of plants : 



1899 $ 25,842.85 



1900 198,921.78 



1901 201,910.78 



1902 536.25363 



1903 295,56505 $1,258,494.09 



f Charged off for sinking fund : 



1899 $ 45.449 05 



1900 50.737-99 



1901 50,467.99 



1902 50,209.24 



1903 56,477-65 253,341.92 $1,511,83601 



Net earnings for five years 



From which has been appropriated for additions to plants 



3,360,244 69 

 1,053,447-21 



Leaving a balance of $7,306,797 48 



Out of which dividends have been declared : 



1899 $ 769,624.83 



1900 i,434.693-73 



1901 1,469,948.00 



1902 (to March 31, 1903) 1,678,723.64 



1903 (to March 31, 1904) 938,860.72 6,291,850.92 



$1,014,946.56 



[The figures at the foot of the preceding column are subject to cer- 

 tain deductions under a variety of headings, including losses of allied 

 companies taken over at various times and charged to the Home office. 

 The result is to leave the net unapplied earnings at the end of the past 

 year as follows : ] 



Net unapplied earnings $865,166.96 



Less amount owned by stockholders other than the 



Rubber Goods Mfg. Co 47,612.64 



Net unapplied earnings belonging to the Rubber Goods 



Mfg. Co $3»7,554-32 



THE TEXTILE GOODS MARKET. 



(♦After deducting cost of repairs and maintenance of plants, t For bonds of 

 New V.-rk Belting and Packing Co., Limited, and Mechanical Rubber Co.] 



THE gradual decline in the price of staple cotton has had a 

 tendency to maintain the sluggishness in the market for 

 fabrics. Consumers of cloth naturally looked for a correspond- 

 ing shading of prices for manufactured products, but the firm- 

 ness of the manufacturers and commission houses has prevent- 

 ed anything like large transactions during the month. Despite 

 the skill of experts in forecasting the new crop, nothing accu- 

 rate has been brought forth. 



Spinners are not taking only such quantities as is necessary 

 to complete contracts in hand, and as there is curtailment going 

 on in all parts of the country, it is not likely that the price of 

 cotton will advance above the current figure before the new 

 crop materializes. Prices of cotton middling upland spots : 



New York. New Orleans. Liverpool. 



April 6 15 cents. 15 cents. 8.50a'. 



April 13 14.40 cents. 14^ cents. 8.24*/. 



April 20 14. 10 cents. 14/i cents. T.yid. 



April 27 135^ cents. 13% cents. 7. 58*/. 



The cotton duck situation has not changed appreciably since 

 last writing. Most mills are working on short time, (1) to 

 make their stocks of staple carry them through to the end of 

 the season, and (2) on account of their ability to meet the pass- 

 ing demand by so doing. Some bitter comment has been in- 

 dulged in on the part of rubber manufacturers, on account of 

 the unsatisfactory way goods are being delivered, but upon in- 

 vestigation it has resulted in placing the fault upon the trans- 

 portation companies. Canadian manufacturers, whose goods 

 were shipped nearly three months ago, are still handicapped 

 because of their non-arrival. Requisitions have been com- 

 ing to the mills for goods that are due the rubber manu- 

 facturers somewhat faster than last month, but new busi- 

 ness is not developing to suit the duck mills. Despite the 

 decline in cotton there has been absolutely no weakness 

 manifested by the duck manufacturers. In fact, it is said 

 that the highest price asked during the season has been 

 obtained this week for a quantity of duck. This means that 

 some rubber concern has paid higher than 26 cents for goods. 



April has not been over prolific of orders for sheetings, and 

 the market for this class of textiles is about where we left it 

 last month. The market, however, can hardly be said to be as 

 firm as at that time, selling agents being somewhat easier to 

 deal with, though prices have not been altered. Buying has 

 been of a hand to mouth character, consumers hoping to see a 

 decline commensurate with the drop in raw material. 



PRICES CURRENT FOR SHEETINGS FOR THE RUBBER TRADE. 



Sheetings. 40" Selkirk. . . . %%c. 40" Shamrock. . 10 c. 



40" Ilighgate . . . 6J/c. 40' Sellew 8^c Ducks. 



40' Hightown. ..7 c. 48* Mohawk. ...11 c. 40" 701. Cran- 



40" Hobart 7^c. 40" Marcus. .. 6}£c. ford. ...10 c. 



40" Kingstons. ..8 c. 40' Mallory 6 c. 40" 8oz. Chart- 



39" Stonyhurst.. .6 c. 36 " Capstans. . ..4^c. res ioj^c. 



39' Sorosis 5j/c. Osnaburgs. 40" iooz.Carew.i3j^c. 



40" Seefeld 9*^c. 40' Iroquois 10 c. 40' n 02.Carita.15 c. 



