July i, 1904.] 



THE INDIA RUBBER WORLD 



357 



president of the company, and Arthur C. Moore secretary and 

 treasurer. 



NEW ENGLAND RUBBER CLUB. 

 The executive committee of this club have arranged for the 

 Annual Summer Outing, to take place at Clyde Park, Brook- 

 line, Massachusetts, on Tuesday, July 26, which has been made 

 available by the courtesy of the Country Club. Details will be 

 mailed to the members in due time, and a fullattendance is de- 

 sired for what the committees in charge hope to make a very 

 pleasant occasion.— ^-A new edition of the club's constitution 

 and membership list, dated June, 1904, contains 183 names. 



AKRON DENTAL RUBBER CO. BUY A PLANT. 

 The Akron Dental Rubber Co., the incorporation of which 

 has been mentioned lately in these pages, have purchased the 

 buildings occupied formerly by the People's Hard Rubber Co., 

 at Akron, together with some rubber machinery remaining on 

 the premises, and expect to begin making goods by the end of 

 the present month. The purchase was made from the Ameri- 

 can Hard Rubber Co., the price being reported at $65,000. 

 The new company will manufacture a "quick curing " dental 

 rubber under the processes of Arthur C. Squires, together with 

 a new seamless dress shield, and a golf ball patented by Mr. 

 Squires. - On June 15 the company filed with the secretary 

 of state of Ohio a certificate of increase of capital from $25,000 

 to $100,000. 



RUBBER FACTORY IN CANADA FOR SALE. 

 The rubber shoe factory of The Boston Rubber Co. of Mon- 

 treal, Limited, is offered for sale. The company ceased opera- 

 tions about two years ago, after a legal decision restraining 

 them from the further use of their " Boston " trademark, and 

 which practically forbade them to continue without a change 

 of their corporate title. The stock of goods on hand was dis- 

 posed of, but the directors never reached an agreement whether 

 to reorganize the company or go into liquidation. In March 

 last it was decided, by the directors and the principal creditors, 

 to have a liquidator appointed, in order to facilitate opera- 

 tions, either for the disposal of the plant or to form a new or- 

 ganization to carry on the business. On May 5 the court ap- 

 pointed as liquidator James McGoun, the secretary-treasurer 

 of the company, who on another page of this paper advertises 

 the plant for sale. It is understood that the property and ma- 

 chinery have been kept in first class condition, in readiness for 

 operation, but the principal shareholders, not being directly 

 connected with the rubber trade, desire to withdraw from the 

 enterprise, provided new arrangements can be made for taking 

 over the assets. 



THE NEW RUBBER COMPANY AT BLOOMFIELD. 



Willard P. Clark, trustee in the matter of The Combina- 

 tion Rubber and Belting Co., bankrupt, on June 17 offered for 

 sale at public auction the property of the company at Bloom- 

 field, New Jersey, which was purchased as one item by a lawyer 

 in the interest of a new company incorporated to continue the 

 operation of the factory — the Combination Rubber Manufac- 

 turing Co., incorporated in New Jersey with $150,000 capital 

 authorized. The officers of the new company are : 



President and General Manager — Edward H. Garcin. 



Vice President — C. A. Moore. 



Treasurer — Harry L. Hepburn. 



Secretary— Alfred H. Howe. 



The property included in this sale consists of more than four 

 acres of land ; the original mill buildings of The Combination 

 Roll and Rubber Co., and the machinery in the same ; a new 

 brick building 60 X 150 feet, five stories high, equipped with 

 machinery for which $65,000 was paid not long since ; together 

 with tenements, water power, molds, patterns, etc. The mill 



at Bloum field, for the most part, has had a successful career, 

 and the new company take charge of a going business. It is 

 stated that during the late receivership sales were made aggre- 

 gating $108,000, the mill having been continuously in opera- 

 tion, though on a reduced scale. Mr. Garcin, the head of the 

 new enterprise, is widely known in the mechanical rubber trade, 

 with which he has been connected all his life, having devoted 

 most of his time for 20 years past to the Trenton Rubber 

 Manufacturing Co. Messrs. Moore and Hepburn, who are 

 named above, are connected with the Western Electric Co., 

 and Mr. Howe with the Waterbury Rubber Co. The factory 

 superintendent, William C. Siberson, will continue in charge. 

 The Combination Rubber Manufacturing Co. will have a New 

 York office for the present at No. 149 Church street. 

 FAILURE IN THE CRUDE RUBBER TRADE. 



On June 8, Harry Graham Wright and William Finley Me- 

 thuen, trading as William Wright & Co., brokers in crude In- 

 dia-rubber, ii, Oldhall street, Liverpool, made a deed of assign- 

 ment to Dennistoun, Cross & Co., London. This course was 

 rendered necessary by complications growing out of the man- 

 agement of the firm's branch in New York, which, for over two 

 years, had been in charge of A. Heathcock. The firm were 

 heavy creditors of The Victor Rubber Co. (Springfield, Ohio), 

 whose failure was reported in this Journal last month, besides 

 which Manager Heathcock is asserted to have indulged in 

 speculation in rubber to a considerable extent, without the 

 consent or knowledge of his principals. It is understood that 

 the creditors of the New York house are bankers altogether, 

 all purchases of rubber made from local houses having been 

 for cash. The amount of liabilities is not known certainly, 

 pending an examination of the books, but is believed in the 

 trade to exceed $200,000. Attachments have been secured 

 against the assets in New York of Wright & Co., in favor of 

 two banks affected. Miiller, Schall & Co. claiming $39,500 and 

 Konig Brothers $30, 154. It appears that Heathcock's method 

 was to obtain advances from the banks, based upon certain lots 

 of rubber, which he failed to repay when the rubber was sold, 

 but converted the funds collected from ths firm's customers to 

 making good the losses he had sustained in covering his 

 "short" sales of rubber. Since the date of the assignment 

 Heathcock's whereabouts have been unknown to the firm's 

 creditors. There is no evidence of his having converted any 

 of the firm's funds to his own use.==The house of William 

 Wright & Co. have been established in Liverpool for more 

 than 50 years, and the branch house in New York since 1897. 

 The opinion seems to prevail in the trade that, under a reor- 

 ganization, the Liverpool business will continue, but the future 

 of the New York branch will depend upon the result of an ex- 

 amination of the late manager's accounts. 



THE SCRAP RUBBER SITUATION. 



Our quotations for rubber scrap, in another column indicate 

 a lower price level than has existed for years. The tendency 

 has been downward since the beginning of the year, and of 

 late decidedly so, though the impression seems to prevail that 

 perhaps the decline has now reached its limit. The price 

 situation is believed to be merely a reflection of the position of 

 supply and demand. The past winter brought into use an ex- 

 ceptionally large amount of rubber footwear, and the collec- 

 tions of old rubbers this spring — under methods constantly 

 better systematized — were likewise unusually large. At the 

 same time the demand for reclaimed rubber in the mechanical 

 goods branch is reported to be somewhat slack, although, on 

 the whole, a large volume of business is being done. Hence, 

 two factors in lowering the price of scrap rubber. Coincident 

 with the decline of prices in this country has been a disinclina- 



