March i, 1908.] 



THE INDIA RUBBER WORLD 



201 



HOOD RUBBEE CO.— INCREASE OF CAPITAL. 



The Hood Rubber Co. (Boston) have decided to increase their 

 capital by $1,000,000 in cumulative 7 per cent, shares of $100. 

 Only 5,000 of the new shares have been offered at par, of which 

 the greater part has been subscribed ; the remaining 5,000 shares 

 are held for sale later at a higher price. The company's last 

 statement reported their capita! at $1,000,000, with a surplus of 

 $928,000. The increased share issue is for working capital 

 and not for enlarging the plant. The company's plant, at East 

 Watertown, has a floor area of about 450,000 feet, and they are 

 understood to be doing a business of about $6,000,000 a year. 



GEORGE S. ANDETIS. 



Mr. George S. Andrus (not Andrews, as the uninitiated insist 

 upon saying it), as chronicled in the last issue of The India 

 Rubber World, has left La Crosse, Wisconsin, and is now con- 

 nected with the Apsley Rubber Co., at Hudson, Massachusetts. 

 Mr. Andrus has had exactly the sort of experience that fits him 

 for an organiza- 

 tion like the one 

 he has joined. 

 Born in Michigan 

 in 1865, li's busi- 

 ness experience 

 embraces running 

 a general store, a 

 year as "cow 

 puncher" in the 

 Indian Territory, 

 workman, calen- 

 der man, and then 

 (Superintendent of 

 a Western rubber 

 factory; later the 

 founder of a pros- 

 perous factory de- 

 voted to rubber 

 clothing and gen- 

 eral mold work ; „ 

 ..,, , ^ , George S. Andrus. 

 Still later the mov- 

 ing spirit in the establishment of a prosperous rubber shoe fac- 

 tory, his manufacturing experience has been especially complete. 

 When one considers also that he is accounted a shrewd and 

 capable purchaser, that he could sell more goods than any of 

 his traveling men, and that he has invented numerous specialties 

 that have been very profitable, it will be seen that he has a 

 range of ability and faculty that must him extremely valuable 

 for such a position as tliat which he has accepted. 



KiraEKA FIRE HOSE MANUFACTURIKG CO. ELECTION. 



At a meeting of the shareholders of the Eureka Fire Hose 

 Manufacturing Co. (New York), on January 14, the following 

 directors were chosen for the ensuing year: Benjamin L. Stowe, 

 N. F. McKeon, and George .\. Wies. The officers elected for the 

 year are B. L. Stowe, president; I. B. Markey, vice president; 

 G. A. Wies, vice president and treasurer; N. F. McKeon, secre- 

 tary; W. F. Wies, assistant treasurer; W. F. Volz, assistant 

 secretary. 



A GROWING PHILADELPHIA CONCERN. 



The Manufacturers' Co., of Philadelphia, producers of a spe- 

 cial quality of non acid reclaimed rubber and makers of a line 

 of molded rubber goods which is meeting with much favor, 

 have an excellently equipped factory at Kensington (Philadel- 

 phia). Their office is in the Betz building, and the business 

 of the company generally under the management of Mr. Frank 

 Camp. 



rubber WEIGHERS AND SHIPPERS AT DINNER. 



On Saturday evening, February i, the first annual dinner of 

 the weighers and shippers representing New York rubber im- 

 porters was held at the Little Hungary cafe. Those present 



were L. W. Duniont, J. C. Goudey, C. P. Gates, G. W. Sniflfen 

 and E. P. Sniffen, from The General Rubber Co. ; A. J. Jung- 

 claus, C. S. Leslie, James Leslie, F. F. Nixon, and Charles Jack- 

 son, from Poel & Arnold ; E. J. Bennett, H. F. Frey, W. A. Case, 

 C. A. Morse, S. H. Sears, Jr., and R. S. Case, of the New 

 York Commercial Co. ; J. H. Thorndike and William Vyse, Jr., 

 from A. T. Morse & Co. ; and C. L. Armstrong, of Booth & 

 Co. Mr. Dumont acted as toastmaster. 



B. LOEWENTHAL & CO.— NEW WAREHOUSE. 



B. LoEWENTH.\L & Co., the extensive scrap rubber merchants 

 of Chicago and New York, about April i will remove their 

 headquarters in the latter city to No. 450 Greenwich street. Their 

 new premises are a modern warehouse building of four stories 

 and a basement. Their New York offices will be located here. 

 Some new devices for the handling of scrap rubber exclusively, 

 they state, will place them in a better position than ever in the 

 handling of this class of goods. 



rubber MANUFACTURERS' MUTUAL INSURANCE. 



.\t the annual meeting of the Rubber Manufacturers' Mutual 

 Insurance Co.. in Boston, on January 22, the officers and directors 

 were re-elected. The number of directors was increased from 

 14 to 15, and Charles T. Plunkett, of .\dams, Massachusetts, 

 added to the board. He is president of the Industrial Mutual 

 Insurance Co. The financial statement presented at the meeting, 

 and relating to December 31, 1907, follows : 

 .■\mount at risk $54,682,174.00 



ASSETS. 



Bonds at market vaUie $31 6,497.50 



Cash in bank and office 33,587.83 



Premiums in process of collection 23.244.40 



.•\ccrued interest 5,285.40 



Gross cash $378,615.13 



LIABILITIES 



Unadjusted losses $2,946.00 



"Taxes (accrued but not yet due) i, 519.79 



Unearned premiums on outstanding risks 240,61 7.63 



$245,137.42 



Net cash $133.477-71 



Assessment liability ■■ 2,406,7 16.30 



Total assets applicable to payment of losses $2,540,194.01 



Average dividend paid in 1907, 76.5 per cent. 



TRADE NEWS NOTES. 



A FIRE in the plant of John .\. Roebling's Sons' Co. (Trenton, 

 New Jersey), on February 5, destroyed the carpenter shop and 

 one of the rope wire shops, but did not reach the insulating 

 department. The loss was estimated at about $300,000, one-third 

 covered by insurance. 



Escobar, Gogorza & Co., importers and exporters. No. 24 

 State street. New York, have filed a petition in bankruptcy, with 

 liabilities of $200,933 and assets $68,311. J. Parker Kivlin has 

 been appointed receiver of the assets. The firm's business is 

 largely with South American countries and they have been 

 receivers of "Central" rubbers in New York for a number of 

 years. 



A blotting stone instead of a piece of blotting paper is a desk 

 novelty that seems to work all right. It certainly blots perfectly 

 and will last forever. Set in its neat aluminum frame it is a 

 very attractive advertising novelty gotten out by the Pennsylvania 

 Rubber Co. (Jeannette, Pa.) 



The Hayes Rubber Co. have leased for a long term of years 

 the store, basement, and sub basement in the building at No. 57 

 Warren street, New York. 



Otto Braunwarth has become sole proprietor of the Broadway 

 Rubber Tire Works, at No. 51 West Sixty-third street, New- 

 York. 



The Empire .Automobile Tire Co. (Trenton. New Jersey) have 

 opened an uptown branch in New York, at the junction of Broad- 

 way, Seventy-third street, and Amsterdam avenue, facing the 

 Seventy-second street subway station. 



The New York commissioner of street cleaning advertised re- 

 cently for bids fcr supplying 2180 pairs of horseshoe pads. 



