May 



[904.] 



THE INDIA HUBBER WORLD 



287 



THE COMBINATION RUBBER AND BELTING CO. 

 The trustee of this company, in bankruptcy, having applied 

 (in the United States district court in New Jersey) for advice 

 regarding the continuance by him of the business of said com- 

 pany, notice was given to all persons in interest that the matter 

 would be heard before the referee in bankruptcy at Newark, 

 New Jersey, on April 30, at 10 A. M. 



FIRST RUBBER CO. (CHICAGO). 

 The First Rubber Co. (Chicago), the charter of which was 

 issued by the secretary of state of Illinois on April 18, with an 

 authorized capital of $50,000, was organized to take over the as- 

 sets and business of the Western Rubber Manufacturing Co. 

 and the Western Horse Pad Co., both of Chicago. The first of 

 the two companies has been marketing rubber heels and other 

 molded goods, and the second, hoof pads. J. B. Woodruff is 

 president of the new company, but the organization is not yet 

 complete. The offices are in the Marine building, Lake and La 

 Salle streets. It is not planned, for the present, at least, to un- 

 dertake manufacturing. The new company will place upon the 

 market soon a heel made of cork and rubber combined, which 

 will be lighter in weight than other heels, and is expected to 

 wear longer, while it will cost less than heels made of rubber 

 alone. The horse pad business is growing rapidly in the West. 

 It is estimated that in Chicago pads are used in shoeing 70 per 

 cent, of the horses used on the streets, and that 100,000 pairs 

 were marketed in the city last year. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 

 United States Rubber Co. : 



Rubber Goods Manufacturing Co. 



CONSOLIDATED RUBBER TIRE CO. 

 The annual meeting of shareholders will be held on May 2, 

 at the registered office of the company. No. 15 Exchange 

 place, Trenton, New Jersey, at 12 o'clock noon. A special 

 meeting of shareholders will be held on the same day to act 

 upon a resolution of the board of directors to decrease the capi- 

 tal stock from $5,149,500 to $1,949,500. The proposed reduced 

 capital is to consist of 11,495 shares of 6 per cent, cumulative 

 preferred stock, and 8000 of common stock— all shares of the 

 par value of $ioo. The present holders of common stock under 

 this arrangement would surrender all shares now held and re- 

 ceive in lieu of every five shares so surrendered one share of 

 the new common stock. The report to be presented at the an- 

 nual meeting will show a surplus of income over expenses for 

 the calendar year 1903 of $105,292. Deducting a deficit of 

 $62,535 for the preceding year, the profit and loss surplus at 

 the end of the year stood at $42,757. A payment has been 

 made this year on the company's bonds. 



RUBBER LOSSES IN THE GREAT TORONTO FIRE. 



The most destructive fire in the history of Toronto began at 

 8 P. m. on April 19, in the business heart of the city, and within 

 eight hours had devastated I4acres, causing a loss estimated by 

 insurance experts of at least $13,000,000, on which there was 

 about $8,885,000 of insurance. Besides large and small ware- 

 houses and stores, many factories were swept away, and the num- 

 ber of employes put out of work is estimated at 10,000. A notable 

 spirit of enterprise has been displayed by the firms who suffered 

 losses, and a hopeful spirit prevails with regard to the rebuilding 

 of the burned district. The large warehouse of the Gutta Percha 

 and Rubber Manufacturing Co. of Toronto, Limited, at Nos.47- 

 49 Front street, West, was destroyed, with its contents. While 

 the fire did not attack Front street before 1 1 P. M., the first edi- 

 tions of the morning newspapers contained large advertise- 

 ments by the company announcing that the destruction of their 

 warehouse would not interfere with the prompt filling of orders. 

 Their loss was $500,000, fully covered by insurance. President 

 Warren telegraphed to The India Rubber World: 



We are all right ; organization and esprit quite equal to emergency ; 

 no interruption of business ; fortunately new factory complete and able 

 to fill all orders without inconvenience to customers or ourselves. If 

 any of our friends in the States are hard pressed will gladly help them 

 out with their orders. Everything valuable, except merchandise, safe in 

 our big vaults. Had options for materials and labor necessary to rebuild 

 all arranged for before fire extinguished. 



The Toronto branch of the Canadian Rubber Co. of Mon- 

 treal was burned out ; also the warehouse of Ames, Holden Co., 

 Limited, wholesalers of boots and shoes and rubbers, and dis- 

 tributing agents of the Granby Rubber Co. The store of the 

 Toronto Rubber Co. was burned, and that of George E. Boul- 

 ton & Co., dealers in rubber goods. Also the offices of the I. 

 B. Kleinert Rubber Co. (New York) and of George Borgfeldt 

 & Co., importers of rubber and other goods. 



The Gutta Percha and Rubber Manufacturing Co. have 

 established new offices at No. 15 Wellington street, East. 

 NEW INCORPORATIONS. 



The Crocker Rubber Co. (Brockton, Massachusetts), March 

 30, 1904, under Massachusetts laws, to conduct a retail rubber 

 store; capital, $5000. Directors: George I. Crocker, Brockton ; 

 Isaac Crocker, Angelo H. Alexander and William J. McCaw, 

 Providence. R. I.; Fred. A. Jewell, Lawrence, Mass.; Daniel 

 S. Latham, Auburn, Mass. ; William E. Rowe, Wollaston, 

 Mass. Further mention is made in another column. 



= Pennsylvania Rubber Co. of New York, April 6, 1904, un- 

 der New York laws; capital, $5000. To conduct the business 

 in this state of the Pennsylvania Rubber Co. (Jeannette, Penn- 

 sylvania). Directors: Frank A. Wilcox, Jeannette, Pa.; Jesse 

 Froehlich, New York city; Frank P. Hayes, Brooklyn. New 

 York office: No. 1699 Broadway. 



= Banigan Rubber Co. (Boston), April 11, 1904, under Mass- 

 achusetts laws; capital authorized, $25000. Incorporators: 

 Clarence L. Weaver, Newton, Mass. ; Edward R. Rice, Buffalo, 

 N. Y.; and Charles W. Barnes, New York city. Mr. Weaver is 

 president and Mr. Rice clerk of the corporation. Object, to 

 sell boot and shoe products of the Joseph Banigan Rubber 

 Co.; store at Nos. 77-79 High street, Boston. 



= Hercules Tire Co. (Boston and New York), March 30, 1904, 

 under Massachusetts laws ; capital authorized, $roo,ooo. Incor- 

 porators : Charles F. Palmer (president), Boston ; Sarah A. 

 Barry (treasurer), Charlestown, Mass. ; William T. Rollins 

 (clerk), Charlestown. 



= St. John Rubber Tire Co. (New York), April 19, 1904, under 

 New York laws; capital, $9000. Directors: Benjamin Moore 

 and E. W. Morrow, New York city ; H. N. St. John, Brooklyn. 



