January 1, 1920.; 



THE INDIA RUBBER WORLD 



235 



increases, as indicated by the surplus account and other items 

 covering liquid assets, especially in consideration of the fact 

 that the Government war restrictions were not removed until 

 December 15, 1918. The net profits for the month of May 

 amounted to $60,102.20. These earnings are from "Perfection" 

 products alone and do not include profits from outside contracts. 



.Assets. Jonu.iry 1, 1919. May 1.1919. June 1. 1919. 



Cash on hand and in banks. $12,950.00 $137,327.85 $213,359.02 



Trade acceptances — notes and 



accounts receivable (less 



reserve (or bad accounts). 182,565.83 341,672.79 481,978.56 



Liberty bonds 1,500.00 3,650.00 3,650.00 



Inventories: 

 Raw material — finished goods 



—work in process 505,141.51 580,403.92 815,902.15 



Investments — real estate and 



housing account, Dickinson 



Co-d Tire Corp 78,644.58 364,163.72 378,337.38 



Fixed assets — buildings, land, 



machinery and equipment 



tion) '^r"..'"..'^^^'':"": 905,438.12 1,009.018.73 1,297.291.83 



Due from fiscal agents 2,365,724.08 1,614,485.73 1.013.5O7.48 



Deposits on new equipment. 3.400.00 30.369.28 11,781.57 

 Patents, contracts, trade 



.To;''ex^°nfe ".'":. "r'."" 11.314,874.91 11,310,476.60 11.353.492.53 



Prepaid charges 6,454.68 11,462.34 16,306.83 



In suspense 2 '0-0° 



Totals $15,376,693.71 $15,403,240.96 $15,567,607.35 



Liabilities. 

 Notes and accounts payable.. $271,509.27 $208,190.10 $318,966.16 

 Notes receivable discounted 6,247.00 



^"'4x7; .'"^ .'."''.':'.'"..'"' 6,000.00 7,004.82 7.854.97 



De^£«red payments on real ^_^^^_^^ ^^^^^^^ 5_^<,g „„ 



Capital 15,000,000.00 15,000,000.00 15,000.000.00 



Surplus and undivided profits 92.584.44 175,199.04 2 35.288.22 



Totals $15,376,693.71 $15,403,240.96 $15,567,607.35 



Goodyear Tire & Rubber Co. of Canada voted December 13 

 to increase its authorized capitalization from $3,000,000 to $30,- 

 000,000, divided into $15,000,000 common and $15,000,000 cumu- 

 lative preferred. 



Four-fifths of the 40,000 additional shares issued by the Lee 

 Rubber & Tire Corp., had been taken up at $33 a share by its share- 

 holders by December 1, with the prospect that the same will be 

 done with most of the remainder. The company's earnings for 

 1919 are estimated at $600,000 after taxes and charges are paid. 

 If earnings increase next year by 75 per cent, as is anticipated, 

 it is probable that payment of dividends will be resumed soon. 



In order to provide funds for building and equipping a manu- 

 facturing plant at Stamford, Connecticut, and for other cor- 

 porate purposes, the Carlisle Tire Corp., New York City, is of- 

 fering for subscription shares of its 8 per cent cumulative pre- 

 ferred stock at par, accompanied by a substantial bonus of no- 

 par-value common stock. The bonus, however, is subject to re- 

 duction without notice. 



The company owns a 10-acre plant site at Stamford affordmg 

 ample room for the erection of ten factory units, each having an 

 output of 40O tires a day. Pending the erection of the new 

 plant, Carlisle cord tires will continue to be manufactured m 

 the leased plant at Andover, Massachusetts. 



Lee, Higginson & Co., bankers, Boston, Massachusetts, an- 

 nounces the issuance of $4,000,000 of 7 per cent cumulative pre- 

 ferred stock of Winnsboro Mills, a Massachusetts corporation 

 with a plant at Winnsboro, South Carolina. Cord fabric for 

 automobile tires is the product manufactured and the plant is 

 to be enlarged at a cost of about $3,000,000 to supply the in- 

 creased demand of the United States Rubber Co., which buys 

 the entire output of these mills under a contract running until 

 1927. The officers and directors of Winnsboro Mills are S. 

 Harold Greene, president; Henry C. Everett, Jr., treasurer; 

 Charles L. Talbot, clerk ; Robert E. Harwell and Frank J. Hale. 



NEW INCORPORATIONS. 



nr7ara-y."Ne'',;'"'f'oV'ar''^o''Ll^-^re^'.°^'' <^"^- ^-''O'" '^"' '"'* 

 Anniston Tire St Rubber Co., Inc., October 7 (New York). $6,000 T 



CUyT^m^nufactur'e^re^"''^" '""'"'' °' '*" Broadway! Kw York 

 Brewster Tire Service. Inc.. December 22 (New York). $5 000 S S 



Braunberg, 483 Ninth street, Brooklyn; G. F. Brewster, Hotel Gromercy: • 



W. R Rpsenkranse, 322 East 19th street, both of New York Ci^y-aM Tn 



-^ew York. To repair tires. 

 Buckeye Rubber Products Co., September 11 (Ohio). $2,500,000 C 6 



Roth, president and general manager; W. Norris. vice-president'; Jl' M. 

 '• f- Y- (Jocpper, secretary. Principal 

 • Factory, Willoughbj, 



MacKa 



office. National City Building, Cleveland, Oh) 



Ohio. To manufacture molded rubber good; 



Durnet-Webb Tire Corp., December 5 (New York), $10,000. I H 

 Burnet. 816 Bellevue avenue; A. E. Webb, 707. Park strict ;W.E. tfousei; 



New York. Principal 



e, Syra- 



New York. 



Colonial Cycle Supply Co., Inc., November 1 (New York), $50,00a : 

 G. M. Port, president and purchasing agent: N. A. Port, vice-president 



New Y'ork'r-A,^-T^- ^"'f ^f""""'"- ^T.""^^ °««' ^5 Murra'^ street 

 New York City. To manufacture auto and bicycle supplies. 



rnS?"7to ^"'"''"ivS?- '"''■• The, October 14 (New York), $150,000; R. E. ■ 

 Vnli r^? "^w A^"; s'^.^et; C. P.. Brown. 10 Wall street! both of NeW 

 York City; W. D. Laurie, Montclair, New Jersey. To manufacture tires. 

 ?w°"a'^c^/ ^"u''^[ S°-i,^"?.^. ' (Maryland), $10,000. F. G. Hilken 

 and W. A. Rodgers, both of 133 West Mount Royal avenue; E A Strauff 

 w AJ'''""'^d" T^^^' ^" ^5 Baltimore, Maryland. Principal office, uj 

 •md tuhls"" avenue, Baltimore, Maryland. To manufacture tires 



Diadem Leather Co., October 27 (Maine), $1,000,000^ J. M. Roche." 

 president; A. C. Libby, treasurer; S. A. Paul, clerk— all of Portland 

 Maine. Principal office, Portland, Maine. To manufacture and deal ik 

 all kinds of rubber and leather goods. 



Diinlop America Limited. December 5 (New York\ $500. F R Bute- 

 horn 764 St Johns Place, Brooklyn; R. S. Baker, 37 Wall street;' E S. 

 Hawley, 50 VanderbiJt avenue, both of New York City— all in New' York 

 To manufacture auto tires. 



Dunlop Wheel & Rim Co., Inc., December 19 (New York), $500. R. S. 

 Baker, 37 Wall street: E. S. Hawley, 50 Vanderbilt avenue, both of New 

 York City; F. H. Butehorn. 764 St. Johns Place, Brooklyn— all in New 

 York. To manufacture auto accessories. 



^^■^^Hi, ^""="''°'= Corp., November 29 (New York), $200,000. G. T. 

 Fish; W. W. Sutton, Jr.; B. H. Engelke— all of 15 Broad street New 

 York City. To manufacture tire reliners, etc. 



Garden Tire & Rubber Co., Inc., October 14 (New York), $5,000 J 

 Jacobs; W. Loewenthal; S, Bernheim— all of 1877 Broadway New York 

 City. To manufacture tires, etc. 



Gillette Tire Co., Inc., December 15 (New York). $200,000. B. J. and 

 M. R. Shafer, both of East Orange, New Jersey; H. F. Rudiger, Lynbrook, 

 New York. To manufacture tires. ' 



Goodwill Rubber Co., Inc., October 20 (New York), $1,000. W. W. 

 Reeves^ P. D. Benson; A. E. Claffey— all of 154 Nassau street. New York 



Co.. Inc., December 23 (New York). $25,000. 

 P. A. Zizelman, 38 Park Row; H. F. Hill, 1482 Broadway; R. C. Owens. 

 Wallick Hotel— all of New York City. To deal in tires.. 



Hindman, Dudde, Lyie, Inc., October 16 <New York). $20,500. C. A 

 Hindman. 565 West 192nd street; W. Dudde, 1060 Woodycrest avenue, 

 both of New York City; M. E. Lyle, Hackensack, New Jersey. To deal 



K. & S. Tire & Rubber Goods, Ltd., October 16 (Canada), $3,500,000. 

 W. J. Sheppard, Waubausheiie; J. B. Tudhope. M. P. Orilla; D. L. White, 

 Midland; T. H. Sheppard, Toronto; J. O'Mara. Toronto; H. J. Daly, 

 Toronto; J. P. Bickell, Toronto — all in Ontario, Canada. To manufac- 

 ture tires and rubber goods. 



King Leather Tire Co., November 24 (Delaware), $1,000,000. M. L. 

 Rogers, L. A. Irwin, W. G. Singer — all of Wilmington, Delaware. To . 

 n-.anufacture automobile tires and other accessories. 



Kinzie Rubber & Manufacturing Co., October 25^ (Illinois), $350,000. 

 C. Klauber, president, treasurer and purchasing agent; H. T. Kessler 



:t. Chicago, Illinois. To 



ufactup 



1514 



rubber sheeting and rubber cements. 



Kraus Tire Co., Inc., J. H., December 8 (New York), $25,000. J. H. 

 Kraus, Rochester; M. L. and S. R. Armstrong, both of Caledonia-rail 

 in New York. Principal office, Rochester, New York. To deal in tires. 



Long Distance Tire & Rubber Co., Inc., The, October 20 (New York), 

 $200,000. B. Gunner, 2O0 West 111th street; L. Victor. 1972 Seventh 

 avenue; M. T. Newmark, 988 Tiffany street— all in New York City. To 

 deal in tires. 



Master Grip Rubber Co., The. November 17 (California), $100,000. 

 T D F. Jennings, I. W. Hellman. Principal office, Los^ Angeles, California. 

 To deal in tires. 



Monarch Rain Coat Co., Inc.. December 24 (New York), $15,000. M. 

 Rubin, 1416 43d street; M. Rosenstein, 480 Junius street, both of Brooklyn; 

 S. Kaplinsky, 1569 Hoe avenue, Bronx— all in New York. To manufac- 



Montana Tire Co., May 20 (Montana), $500,000. C. J. Drope. Akron, 

 Ohio- J. R. Swan, secretary and treasurer; F. C. Plouf. A. S. Dowall, 

 Ir. G. C. C. Stenning, directors— all of Great Falls, Montana. Principal 

 office, 409 Ccntr.il avenue. Great Falls, Cascade County, Montana. To 

 manufacture tires, tubes and rubber sundries. 



Paducah Tire Co., Inc., October 7 (New York), _$3,00p. J Jacobs. 

 \V. Loewenthal. S. Bernheim— all of 1877 Broadway, New York City. To 



""po"nd'"EIectrir' & Battery Service, Inc December^ 15 (New York). 

 $200 000 F. O. Pond; F. R. Kirk, V. E. Mather— all of Malone. New 

 York. Principal office, Malone, New York. To manufacture tires and 



''"Rawhide-Tire Corp., December 24 (New York), $20,000. L. Loeb, H. U. 

 Lcvii" A II. Friedman— all of 5 lieekman street, New York City. To 

 d'eal in tires. 



