506 



THE INDIA RUBBER WORLD 



CANADIAN CONSOLIDATED RUBBER CO. REPORT 

 AND ELECTION. 



AT an adjourned meeting of the shareholders of the Cana- 

 ^*^ dian Consolidated Rubber Co., held at Montreal, Canada, 

 April 22, President Rieder read the report of the directors, 

 which was, in part, 

 as follows : 



"Sales for 1918 

 were the largest in 

 the history of your 

 company, $18,785,- 

 640.28, being an in- 

 crease of 15.08 per 

 cent, over 1917. Of 

 this, $793,403.28 

 was made for war 

 purposes. Export 

 trade s u f f e r e d 

 slight reduction due 

 to shipping em- 

 bargoes. During 

 the year the sell- 

 ing prices on most 

 lines moved up- 

 wards, resulting in 

 an average increase 

 of only 9 per cent, 

 over last year. 

 Sales in all depart- 

 ments as well as in 

 all territories in 

 Canada show in- 

 creases over 1917." 



Mr. Rieder an- Charles B. Seger. 



nounced his with- p,,3i<j,„, canadi. 

 drawal from the 

 presidency and the board of the company, and a resolution ex- 

 pressing appreciation of the services which he had rendered to 

 the company was passed unanimously. 



The following directors were elected for the ensuing year : 

 Charles B. Seger, president, United States Rubber Co. ; 

 Sir Mortimer B. Davis, president, Imperial Tobacco Co. of 

 Canada ; Colonel Samuel P. Colt, chairman United States Rub- 

 ber Co.; V. E. Mitchell, K. C. ; E. W. Nesbitt, M. P.; W. A, 

 Eden; R. E. Jamieson; J. B. Waddell; R. C. Colt; A. D. 

 Thornton ; H. Wellein ; and Messrs. H. E. Sawyer, J. N. Gunn, 

 E. S. Williams and Ernest Hopkinson, vice-presidents of the 

 United States Rubber Co. 



At a meeting of the board of directors, held immediately after 

 the annual meeting, Charles B. Seger was elected president and 

 W. A. Eden and Victor E. Mitchell, K. C, vice-presidents. 

 Walter Binmore was appointed secretary, H. P. Nellis, assistant 

 secretary, Hugo Wellein, treasurer, and J. P. B. Daigneau, as- 

 sistant treasurer. 



The statement of the company, and its constituent companies, 

 excluding all offsetting accounts between the companies, as of 

 December 31, 1918, is here given. 



ASSETS. 



General reserves ')'), 705.05 



Kcscrv-e for depreciation of property and plant 1,454.620.84 



Total reserves 1,554,325.89 



Capital slock— preferred 3,000,000.00 



Capital stock — common 2,805,500.00 



Total capital stock 5,805,500.00 



Surplus 5.700,795.80 



Total capital stock and surplus 1 1,506,295.80 



Total liabilities, reserves and capital $25,305,342.76 



INCOME. 

 -Net sales (in Canada and export). Footwear, tires, clothing, 



general rubber goods, .reclaimed rubber and miscellaneous. .$18,785,640.28 

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

 terest on borrowed money, repairs, depre;iations, provisions 

 for bad debts and business profits tax 17,180,789.17 



.\'et profit for period Iy604,851.11 



Dividends paid on preferred stock 209,989.50 



Net addition to surplus 1,394,861.61 



SjriMus .lanuaiy 1, 1918 4,305.934.19 



Surplus December 31, 1918 $5,700,795.80 



FREDERICK W. DUNBAR, CRUDE RUBBER 

 IMPORTER. 



r --\RLY this year, when it was announced that Frederick W. 

 T^ Dunbar had resigned his position as manager of the New 

 York office of Alden's Successors, Limited, of London, England, 

 there was some curiosity in the 

 trade as to his future plans, for it 

 was scarcely conceivable that a 

 man so thoroughly versed in the 

 crude rubber trade could contem- 

 plate abandoning it for any other 

 line of business. The question is 

 now settled by the announcement 

 of the new crude rubber import- 

 ing house of F. W. Dunbar & Co., 

 280 Broadway, New York City. 



Mr. Dunbar's experience dates 

 back to the middle 'nineties, when 

 he was manager at Para for Adel- 

 bert H. Alden, which house was 

 the branch in that city of the New 

 York Commercial Co., at that time 

 the heaviest rubber importing con- 

 cern in the United States. Later 

 he was made vice-president of the 



last-named company, with offices in New York City. In 1914, 

 when the concern was reorganized as Alden's Successors, Lim- 

 ited, of London, England, Mr. Dunbar was appointed American 

 agent, attorney-in-fact, and manager of the New York City 

 office of the company, which position, as stated above, he re- 

 signed at the close of the year 1918. His many friends in the 

 trade wish him the highest success in his new business. 



Frederi 



DUNB-^R, 



CANADIAN BANK BRANCHING OUT ABROAD. 



The Royal Bank of Canada, New York City, which already 

 has direct representation in Cuba, is planning to open branches 

 at Rio de Janeiro, Brazil; Buenos Aires, Argentina; and Monte- 

 video, Uruguay. A Parisian branch is also contemplated, and a 

 new branch has just been established at Fort de France, 

 Martinique. 



The Premier Rubber Co., Guelph, Ontario, has changed its 

 name to The Northern Rubber Co., Limited. Plans have been 

 practically completed for building a four-story factory, 200 by 

 80 feet, for the manufacture of rubber footwear exclusively. 

 This is the factory which it was recently announced would be 

 built by The F. E. Partridge Rubber Co., Limited. 



