April 1, 1919.] 



THE INDIA RUBBER WORLD 



381 



The Belden Manufacturing Co., 23d street and Western ave- 

 nue, Chicago, Illinois, manufacturer of rubber-insulated wire and 

 cable, has increased its capital from $1,000,000 to $1,500,000, the 

 additional stock to be issued as the demands of the business 

 necessitate. 



L. H. Homer, former treasurer of the Smith & Dove Manu- 

 facturing Co., Andover, Massachusetts, has been elected treas- 

 urer of the Carlisle Cord Tire Co., Inc., of the same town. 



The Hood Rubber Co., Watertown, Massachusetts, is building 

 a one-story addition to its garage, to cost approximately $12,000. 



SIXTH ANNUAL REPORT OF THE FISK RUBBER CO. 



The sixth annual report of The Fisk Rubber Co., Chicopee 

 Falls, Massachusetts, shows the following figures after being 

 summarized : 



ASSETS. 

 Property, equipment, etc., less depreciation, 



replacements, etc $7,775,479.95 



Leasehold property 5,169.39 



Good will 8,000,000.00 



$15,780,649.34 



Investments, including Liberty Bonds, less deductions.... 334,599.18 



Current assets, including supplies, notes and accounts 



receivable, cash, etc 22,298,491.03 



Deferred charges, including rents and other prepaid items 315.038.53 



Capital stock outstanding 21,129,900.00 



LIABILITIBS. 

 Current liabilities, including accounts payable, accrued 



wages, etc 9,742,184.79 



Provision for Federal taxes 1,253.426.61 



Reserves for insurance, mileage, etc 238.801.14 



Surplus for retirement of preferred stocks 1,938,542.19 



.Surplus per attached statement 4,425,923.35 



PBOriT AND loss AWD SUKPLTJS ACCOUNT. 

 Surplus — balance December 31, 1917, less Federal taxes, 



1917 3,455,479.34 



Net profits, year ended December 31, 1918, after deduc- 

 tions 3,760,279.84 



Dividends paid $946,750.00 7.215.759.18 



Appropriation for retirement of preferred 



stocks in 1919 589,659.22 



Estimated Federal taxes, 1918 1,253,426.61 



2,789,835.83 



Surplus balance December 31. 1918 $4,425,923.35 



(Net sales, $36,682,163.78.) 



HOOD RUBBER CO. STATEMENT. 

 The Hood Rubber Co., Watertown, Massachusetts, has issued 

 the following condensed balance sheet dated December 31, 1918, 

 and subject to a reserve for income and excess profits taxes. 

 ASSETS 



Plant (real estate, machinery, etc.) $4,000,000.00 



Merchandise 8,012,861.80 



Accounts receivable 1.202,350.20 



Cash 1,022,877.49 



Investments in other corporations 285,400.00 



Patents 1,000.00 



Liberty Bond account 521,020.13 



$15,045,509.71 

 LIABILITIES 



Capital Stock— common $3,000,000.00 



— preferred 4,000,000.00 



$7,000,000.00 



Notes payable 4,725,000.00 



Accounts payable 148,904.73 



Surplus 2,666,604.98 



Liberty Bond account 505.000.00 



$15,045,509.71 

 Merchandise in process of importation and letters of credit 

 and drafts discounted in connection therewith, are not included 

 in the foregoing stateinent. 



CONNECTICUT NOTES. 



Hartford was host, beginning with the evening of March 17, 

 to fifty salesmen of the United States Tire Co. and officers of the 

 United States Rubber Co. and the Hartford Rubber Works. A 

 banquet was held at the Hotel Bond, and the out-of-town men 

 remained for several days to hear addresses on sales efficiency 

 and kindred topics. 



The L. Candee Rubber Co., New Haven, Connecticut, has cur- 

 tailed its running time to five days weekly, but it is expected 

 to be a temporary schedule. 



Tlie bowling teain of the L. Candee Rubber Co., New Haven, 

 Connecticut, recently won from the bowling team of The Good- 

 year's Metallic Rubber Shoe Co., Naugatuck, the United States 

 Rubber Co.'s trophy by winning two games out of three. The 

 teams are now even, and two more matches must be played Ijefore 

 the permanent ownership of the cup will be determined. 



The American Tire Co., Inc., New Britain, Connecticut, has 

 opened an office at 166 Main street and expects soon to increase 

 its capitalization. It was incorporated in 1918 at $50,000, with 

 the following officers: George L. Giller, president; Albert W. 

 Meyers, vice-president; Philip Bardeck, treasurer; Louis W. 

 Podt, secretary. These, with John C. Calloghan of Cohoes, New 

 York, compose the directorate. 



The Kelly-Springfield Tire Co., New York City, has established 

 a direct factory branch at 359 Fairfield avenue, Bridgeport, Con- 

 necticut, in connection with a service station. A complete' stock 

 of tires and tubes will be carried. 



A PROGRESSIVE CONCERN. 



The Plant Rubber & Asbestos Co., 537-539 Brannan street, San 

 Francisco, California, maker of mechanical rubber goods, and 

 pipe and boiler coverings, has recently installed an up-to-date 

 equipment for the manufacture of high-pressure asbestos pack- 

 ing. 



This company that began business in 1898, specializing in 

 steam packing and engineers' supplies, has grown steadily from 

 the start and now occupies a three-story building comprising 

 40,000 square feet of floor space, and employs from 80 to 100 



PLANT RUBBER ^ASBESTOS WORKS 



Hniiiil 



FIRST DIVIDEND TO PETLEY CREDITORS. 



The trustee for the Petley Rubber Co., Julius J. Goetz, 28 

 Miller Block, Milwaukee, Wisconsin, has paid a first dividend 

 of 20 per cent to creditors and states that another will be paid 

 in about two months when the final payment is due from the 

 Everwear Rubber Co which purchased the machinery from the 

 Petley company. The trustee also slates that there will be con- 

 siderable shrinkage on the accounts receivable, due to apparently 

 legitimate disputes. 



hands. The officers a 

 Wright, vice-president ; 

 Sivers, treasurer. 



e: S. L. Plant, president; Charles A. 

 E. H. Fierce, secretary, and George J. 



The Meyer Rubber Co., Cleveland, Ohio, has purchased the 

 plant of The Columbian Manufacturing Co., Columbiana, and 

 is equipping it for the manufacture of pneumatic tires. It 

 expects to operate the factory about April IS. 



