210 



THE INDIA RUBBER WORLD 



[January 1, 1919. 



Tlie addition to the power-house is nearly finished and all 

 machinery is on hand and paid for with the exception of a 

 2S,000-horse-power steam turbine to be delivered in January. 



* * * 



The Mohawk Rubber Co., Akron, has increased its capital from 

 $10,000 to $50,000, to take care of the growth of its business. 



The Wellman-Seaver-Morgan Co., Cleveland, Ohio, known the 

 world over as the manufacturer of general and special machinery, 

 has opened offices at Akron, Ohio, for the convenience of rubber 

 manufacturers. It will manufacture a new line of machinery 

 to include calenders, mills, tubing machines, vulcanizing presses, 

 molds, and cores, with a special type of 200-ton solid-tire apply- 

 ing press. 



The H. J. Adams Co., representing manufacturers and im- 

 porters of raw materials for the rubber industries, has estab- 

 lished itself at 624 Second National Bank Building, Akron, and 

 will carry in its warehouse in the same city stocks of all prin- 

 cipal items. 



Current liabilities: 



Purch.ise accounts and acceptances payable.. $5,687,407.36 



Sundry other accounts payable 1,432,045.71 



Balance unpaid for United States Liberty 



Loan bonds 571,500.00 



Accrued first preferred dividend 138,738.84 



Second preferred dividend payable Nov. 1, 



1918 253,791.21 



8,083,483.1J 



Reserves: 



For doubtful accounts (current) — see con- 

 tra 231,445.30 



For doubtful accounts (suspended assets) 

 —see contra 208,323.98 



For insurance on branch stocks 31,335.82 



For depreciation of plant 5,096,473.90 



5,567,579.00 



Surplus, subject to Federal taxes for the year 20,717,356.08 



$93,619,018.20 

 -All of the officers and directors of the company have been re- 

 elected for the ensuing year. 



THE GOODYEAR TIRE & RUBBER CO. STATEMENT. 



According to the annual report of this company for the fiscal 

 year ended October 31, 1918, the last year's business has been the 

 most successful in volume and profits in the history of the 

 concern. Sales were $131,247,382 against $111,450,643 for the 

 preceding year; net profits were $15,388,190 against $14,044,216 for 

 the preceding year. During the year dividends were paid on the 

 capital stock as follows : First preferred, 7 per cent, $1,693,328 ; 

 second preferred, 8 per cent, $506,407; common. 12 per cent, 

 $2,451,816. 



The balance sheet as of October 31, 1918, follows: 



Plant, a 

 Real < 



Machii 



Assets. 



and buildings $15,577,398.80 



and fixtures 14,207,646.81 



Patents, trade-marks, designs 



Securities owned — Book values: 



United States Liberty Loan bonds (all issues) 

 Miscellaneous 



Preferred stock, pu 



■chased and h 

 1,475 shares 

 (145 shares, 



1st Preferred 



$147;500) ... 

 2nd Preferred 



$14,500) 



Notes receivable of officers anc 

 for capital stock, secured by such 



par value of $1.472,200.00 



Employes* subscriptions for 2d 



.id) 



preferred stock (balance 



Inventory and current assets: 



Inventory $30,507,966.81 



Accounts and notes receivable (provision 

 in reserve for doubtful ^tems. $2,11,445.30 

 —see Contra) 13,353,985.00 



Advances to agents, salesmen and com- 

 panies 2,101,278.25 



Cash on deposit and un liand 6.344.490.11 



Advances 



the Goody 



Goodye 

 Suspended assets (pr 



$208,323.98— see con 

 Prepaid rentals, inte: 



Capital stock fpar value $1 



First preferred (7 per 



-Authorized and issui 



Less — redeemed .... 



umulative) 

 $25,000,000.00 

 1,216,200.00 



THE RUBBER TRADE IN BOSTON. 



By Our Regular Correspondent. 



""PHE rubber factories in Boston and vicinity have slowed up 

 *■ more or less in the last month of the year. The cancella- 

 tion of government contracts has been one cause, and another 

 is that many factories choose the last week or two of the year 

 to make changes and repairs, or add new equipment, and to 

 take the annual inventory. The opinion generally expressed is, 

 that while it may take a little time for business to readjust 

 itself from war to peace conditions, the rubber trade promises 

 to be prosperous during the year just opening. 



The Boston Rubber Shoe Co. is enlarging its working force, 

 taking on all its old employes who are returning from service 

 in the Army here or abroad. Having been released from govern- 

 ment contracts, the factories are now employed entirely on 

 civilian goods, and are making large tickets every day. Both 

 factories shut down the last two days of December for inventory 

 and repairs, to open promptly January 1 with a full force, and, 

 presumably, business enough ahead to keep that force busy the 

 entire coming season. 



There was held in this city December 30 a general convention 

 of the foremen of the Footwear Division of the United States 

 Rubber Co., calling together the officers of that division of the 

 company's interests, and the superintendents and foremen of the 

 several factories where footwear is made. The convention was 

 held during the day in the auditorium of the City Club, about 

 500 being present. In the evening a banquet was held at the 

 Hotel Somerset, when an orchestra composed entirely of men 

 from the National India Rubber Co., Providence, furnished the 

 music. The hall was gaily decorated with bunting, the flags of 

 the Allies, and the insignia of the company. Charles B. Seger, 

 the newly elected president of the company; Homer E. Sawyer, 

 vice-president in charge of the Footwear Division, and Myron 

 52,307,720.17 H. Clark, general factory footwear manager, were among the 

 speakers. 



William J. Gallagher, expert plantation adviser of the United 

 States Rubber Co. and former Director of Agriculture in the 

 Federated Malay States, addressed the Brockton, Massachu- 

 setts, Commercial Club Saturday evening, December 14, on 

 "Cultivating Rubber in the Middle East." 



,112,017.19 

 513,633.24 



$93,619,018,20 



Second preferred (8 per cent. 

 Authorized $25,000,000.00 



Reserved for issue to em- 

 ployees on partial pay- 

 ment subscriptions 



15,000,000.00 

 20,466,800.00 



59,250,600.00 



Frederick C. ?Iood, of the Hood Rubber Co.. Watertown, 

 presided at the third annual meeting of the Associated Indus- 

 tries of Massachusetts, held in this city November 26. The 

 following resolution was adopted : 



Resolved, That the -Associated Industries of Massachusetts, 

 representing more than one thousand industrial concerns in the 

 Commonwealth, believing that those who, in time of public dan- 

 ger, gave up their places to serve the country and who wore its 

 uniform should have the preference in private employment upon 



