174 



THE INDIA RUBBER WORLD 



[February i, 1904. 



at mine prices; he knew nothing about the details of the 

 movement more than had appeared in the newspapers. It is 

 understood, however, that the shoe company were among those 

 solicited to join the syndicate. 



DEFUNCT RUBBER CORPORATIONS. 

 A proclamation by the governor of New Jersey, under 

 date of January 5, 1904, declares the charters of certain named 

 corporations formed under the laws of that state to be void, on 

 account of their failure to pay the corporation taxes assessed 

 against them by the state for the year 1901. Following are 

 the names of such concerns as were related to the rubber trade, 

 together with further details in regard to some of them. Only 

 one of the several corporations ever advanced to the point of 

 doing business: 



American Pegamoid Co., New York, incorporated December 17, 1897, 



capital $5,000,000; promoted by Joseph J. Byers, to exploit the 



" Pegamoid " patents in America. 

 Commonwealth Rubber Co., incorporated July 20, 1900, capital $50,- 



000 ; to manufacture rubber goods ; principal office, East Orange, 



N.J. 

 Ducasble Tire Co., Philadelphia, incorporated in March, 1900, capital 



$100,000 ; to manufacture in America the Ducasble tire, a French 



invention. 

 Frost Tire and Rubber Co., incorporated May 7, 1900, capital $200,000 ; 



to manufacture rubber goods ; registered office, East Orange, N.J. 

 Hallanan " Humane" Rubber Pad and Horse Shoe Co , New York, in- 

 corporated in January, 1899, capital $250,000 ; to make rubber 



horseshoe pads. 

 Paar Double Cushion Horseshoe Co., incorporated June 5, 1899, capital 



$50,000 ; to manufacture double cushion horseshoes and a general 



line of horseshoes. 

 Pacific Rubber Co., Elizabeth, N. J., incorporated February 16, 1894, 



capital $30,000, to manufacture mackintoshes ; receiver appointed 



in November, 1898, and the factory closed soon thereafter. 

 Paranite Rubber Co., incorporated May 10, 1900, capital $5000, "to 



prepare and manufacture and sell India-rubber and India-rubber 



products." 



BENEDICT REIS IN BANKRUPTCY. 

 Elbert B. Hamlin has been appointed receiver in bank- 

 ruptcy for the assets of Benedict Reis, who did business at No. 

 23 Lispenard street, New York, as the Neptune Rubber Co., 

 manufacturing mackintoshes and raincoats. The business was 

 conducted for several years at No. 295 Grand street as the 

 Neptune Rubber Co. by Benedict Reis and Israel Suchman. 

 The latter retired at the end of 1902 ; in April last the business 

 was removed to Lispenard street; on November 26 it suffered 

 a serious loss by fire. On January 2, 1904, Reis took Alexander 

 N. Jacob into partnership, and on January 13, on the applica- 

 tion of the latter, Isaac Lehman, No. 395 Broadway, was ap- 

 pointed receiver. It was then stated that Reis had been over- 

 come by the strain of business troubles and his whereabouts 

 were unknown. According to the receiver, the firm's assets are 

 about $20,000 and the liabilities only a few hundred, though 

 Reis's liabilities in his old business are believed to be large. 

 The petition in bankruptcy against Reis, of January 20, alleges 

 that he was insolvent and that he transferred all of the stocks 

 and accounts of his old firm to the new, while the new did not 

 assume the obligations of the old. 



ELECTRICITY IN A GREAT PRINTING OFFICE. 

 Twenty-one of the large pages of the Electrical World and 

 Engineer (New York) are devoted to an illustrated description 

 of the electrical equipment of the Government Printing Office 

 at Washington, which is the largest printing office in the world. 

 The government printing costs §6,500,000 yearly and makes 

 work for over 4000 employes. Yet throughout the great seven 

 story building — not counting basement and loft — 175x408 

 feet, power and light and heat are supplied by means of elec- 

 tricity, through the application of the latest discoveries and 

 improvements. The journal quoted says: " The contract for 



furnishing some of the wire and cables for the office was made 

 with the Safety Insulated Wire and Cable Co. (New York), and 

 amounted to over 100 miles of conductors, ranging in size 

 from 1,000,000 cm. to No. 12 B. & S. gauge. The specifica- 

 tions were the most rigid that have ever been received by that 

 company for inside wiring, Article 37 of the contract being as 

 follows : ' All rubber wire, both stranded and solid conductors, 

 shall have an insulation of seamless rubber compound, contain- 

 ing not less than 40 per cent, of pure Para rubber, and shall 

 show an insulation test of not less than 1200 megohms per 

 mile; must be concentric and free from flaws and holes; must 

 have a smooth surface and circular section.' " 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 



United States Rubber Co. : 



M. 



Preferred Stock, $23,525,500. 



Last Dividend, January 31, 1901— I %. 



1900. 1901. 1902. 



Shares sold 90,924 132,278 104,202 



Highest price 10454T 85 6.1 



Lowest price 77^ 47 49^ 



Common Stock, $23,666,000. 



Last Dividend, April 30, 1900 — 1 %. 



1900. 190X. 1902. 



Shares sold 502,377 318,038 53,356 



Highest price 44 34 rgfi 



Lowest price 21 12}^ 14 



Rubber Goods Manufacturing Co. : 



1903. 



62,343 

 58 



1903- 

 60,890 

 19^ 

 7 



Preferred Stock, $8,051,400. 

 Last Dividend, December 15, 1903—1% %. 



1901. 1902. 1903. 



Shares sold 1.8,541 39,582 55»28o 



Highest price 90 74 84J5 



Lowest price 65 63 60 



Common Stock, $16,941,700. 



Last Dividend, July 15, 1901 — IJS. 



1901. 1902. 1903. 



Shares sold 172,631 339, 895 276,789 



Highest price 38^ 25% 30 



Lowest price 18 17^ 12 



PHILADELPHIA BOUGHT FROM THE HIGHEST BIDDER. 



The Philadelphia North American has been publishing a se- 

 ries of articles indicating that, through favoritism in awarding 

 contracts for supplies, the municipal authorities of that city 

 have saddled the taxpayers with much unnecessary expense. 

 In its issue for January 12 the North American says, in relation 

 to rubber supplies : 



A cursory glance over the schedule of bids for these goods for 1903 in 

 the Controller's office shows a list of awards to a high bidder for nearly 

 sixty articles of which rubber is a constituent part, as well as for a num- 

 ber of sizes of fire and suction hose, from which the possibility of com- 

 petition was eliminated by a specification requiring particular brands of 

 goods, which could be furnished by but one bidder. 



