470 



THE INDIA RUBBER WORLD 



[May 1, 1917. 



TALMON HENRY RIEDER. 



TAI.MON HENRY RIEDER, who was recently elected presi- 

 •^ dent of the Canadian Consolidated Rubber Co., Limited, 



Montreal, Canada, has had a somewhat phenomenal career. Com- 

 paratively few men 

 less than 40 years 

 of age have risen 

 to such high and 

 important position, 

 and fewer still can 

 point to a more 

 steady and rapid ad- 

 vancement, once 

 their proper voca- 

 tion is found. Born 

 in the little town of 

 New Hamburg, On- 

 tario, Canada, after 

 graduation from the 

 higli school at Ber- 

 lin (now Kitch- 

 ener), Ontario, he 

 entered the general ' 

 store of his father 

 at the age of 14 as 

 clerk. Five or six 

 years afterward he 

 became stenogra- 



T. H. RiEDER. 



pher and also meter reader for the Berlin Gas Company. 



In 1900 he entered the rubber business as bookkeeper and di- 

 rector of the Berlin Rubber Manufacturing Co., Limited. Three 

 years later he organized the Merchants Rubber Co., Limited, built 

 the plant at Berlin and became managing director. Ten years ago 

 the Berlin and the Merchants companies were absorbed by the 

 Canadian Consolidated Rubber Co., Limited, at which time he 

 was made vice-president and manager of the two companies at 

 Berlin. In 1908 he was elected vice-president of the Canadian 

 Consolidated Rubber Co., Limited, and in 1915 was made general 

 manager, still retaining the vice-presidency. Last month he was 

 elected president. 



From a minor position in a small rubber company, to the head 

 of one of the si.x greatest industries in Canada in the short 

 space of 17 years is an achievement of which he may well be 

 proud. To have done this is an earnest proof of his indomitable 

 energv. his untiring zeal and his executive ability. 



W. D. ALLEN MANUFACTURING CO. MOVES. 



The new building into which the \V. D. Allen Manufacturing 

 Co., Chicago, Illinois, will move about May 1 is shown herewith. 



The business 

 of this concern 

 in mechanical 

 rubber and 

 brass goods has 

 for some time 

 been beyond 

 the capacity of 

 its former 

 quarters at 133- 

 135 West Lake 

 street, neces- 

 sitating the 

 rental of ware- 

 house space in 

 three different 

 locations. The 

 new plant is 



located at Lake and Jefferson streets and has seven stories and 

 basement, with a 61-foot frontage. 



W. D. 



Allen Manufacturing Co.'s 

 New Building. 



CANADIAN CONSOLIDATED ANNUAL REPORT. 



The Canadian Consolidated Rubber Co., Limited, of Montreal, 

 Canada, according to its annual report for the calendar year 1916, 

 did the largest volume of business in its history. The condensed 

 statement of the Consolidated and constituent companies gives 

 the following figures : 



ASSETS. 



Property and plants $6,256,95 1 .87 



Inventories, manufactured goods and materials. .$5,372,588.25 



Cash 89,043.19 



Accounts and bills receivable 2,319,130.43 



Investments, including good will 4,511,094.79 



Miscellaneous 447,097.71 12,738,954.37 



$18,995,906.24 

 LIABILITIES. 



Preferred capital stock $3,000,000.00 



Common capital stock 2,805,500.00 $5,805,500.00 



6 per cent bonds due October 1, 1946 2,596,500.00 



5 per cent debentures due December 1, 1918 2,500,000.00 



Bills payable 2,771,244.73 



Accounts payable and sundry accruals 1,168,536,57 



Reserve for bad debts, depreciation, etc 846,224.89 



Surplus 3,307,900.05 



$18,995,906.24 

 INCOME. 



Net sales, footwear, tires, mechanical and miscellaneous $12,094,695.51 



Cost of goods sold, selling and general expenses, taxes, inter- 

 est on borrowed money, repairs, depreciations, provisions 

 for bad debts and tire replacements net 11,189,490.42 



Xet profit from operations 905,205.09 



War tax on profits 77,624.80 



Net profits remaining with company 827,580.29 



Dividends paid on preferred stock 209,979.00 



Net addition to surplus 617,601.29 



Surplus January 1 2,690,298.76 



$3,307,900.05 

 All the factories were operated as near full capacity as avail- 

 able and suitable help would allow. Some minor extensions were 

 inade at several factories, and there is ample factory capacity for 

 a further increased business, provided a sufficient number of 

 workers can be obtained. Factories have been kept in thorough 

 repair and up-to-date in all respects. 



W. G. RYCKMAN INCOHPORATES. 



The business of W. G. Rytkman, the well-known crude rubber 

 broker, 77 Broad street. New York City, will be conducted here- 

 after under the name of W. G. Ryckman, Inc. Mr. Ryckman is 

 president, and C. B. Kaufmann, who has been associated with the 

 business for a number of years, is secretary and treasurer of the 

 newly formed corporation. There will be no change in the man- 

 ner in which the business will be operated, the concern continuing 

 to act as broker, as well as representative in the New York 

 market of various foreign shippers at primary points. 



HOOD RUBBER CO. EXTENSION. 



The new tire plant of the Hood Rubber Co., East Water- 

 town, will be one of the most thoroughly modern, and fully 

 equipped factories in the country for the manufacture of tires. 

 It is expected to be ready for operation some time this year. 

 As soon as it is equipped and manned, the present output of 

 tires will be trebled. The footwear department is running to 

 full capacity. The line of rubber-soled canvas shoes is so 

 attractive and popular that this branch of the business will be 

 steadily employed well into the summer, while the rubber boot 

 and shoe departments have orders on hand sufficient to keep 

 them going to full capacity through the entire year. 



Goodyear Cotton Mills, Inc., paid a regular quarterly dividend 

 of 1J4 per cent on preferred stock on April 2 to stockholders of 

 record of that date. 



The name of the Rubber & Celluloid Harness Trimming Co. 

 of Newark, New Jersey, has been changed to the Rubber & 

 Celluloid Products Co., as per certificate filed with the Secretary 

 of the State of New Jersey. 



