66 



THE INDIA RUBBER WORLD 



[November 1, 1914. 



THE INTERCONTINENTAL COMPANY'S ANNUAL 

 REPORT. 



' I 'HE annual report of the Intercontinental Rubber Co., 

 1 issued on < Ictober 5 and covering the year ending July 

 31 last, states that the company's works at Torreon, Mexico, 

 have been completely shut down during the entire twelve 

 months. The company had some stock on hand at the be- 

 ginning of the year, which it succeeded in shipping to New 

 York early in 191-4. but only a small quantity of this guayule 

 \\ a ^ sold, owing to the low prices. Some sales at better prices 

 were made immediately after the outbreak of the war, but 

 these sales do not appear, of course, in the present report. 



The ( edros ranch, owned by a subsidiary of the company, 

 had to be abandoned and left to the mercy of the rebels dur- 

 ing the whole year, so thai nothing was received from this 

 source. 



Two dividends were paid on preferred stock during the 

 year, the last being December 1, 1913, at which date all the 

 outstanding preferred stock was retired for cash, leaving only 

 common stock outstanding at the present time. The com- 

 pany's balance sheet is given below: 



Balance Sheet — July 31, 1914. 



ASSETS. 



Investments in stock of merged and subsidiary companies: 



By cash $2,115,321.59 



By stock issues 28,198,575.30 



$30,313,896.89 



Patents (exclusive of subsidiary- 

 companies) 15,141.77 



Accounts and notes receivable, etc.: 

 Advances to subsidiary com- 

 panies $661,252.09 



Sundry accounts 16,273.51 



677,525.60 



[nvestment securities (market 



value) 1,065,000.00 



Cash 388,573.44 



$32,460,137.70 



LIABILITIES. 



Capital stock, common $29,031,000.00 



Accounts payable, taxes accrued, etc.: 



Due to subsidiary companies $104,401.65 



Sundry accounts 4,791.52 



109,193.17 



Reserve accounts 1,124,103.58 



Surplus (as below) 2,195,840.95 



$32.460,137.70 



SURPLUS ACCOUNT. 



Surplus, August 1. 1913 $2,197,810.11 



Net income from securities, 

 interest, etc. (after adjust- 

 ment of investment securi- 

 ties to current market 

 value) $82,679.19 



Sundry income 3,991.72 



$86,670.91 

 Less administration and gen- 

 eral expenses 35,681.74 



50,989.17 



$2,248,799.28 



Charges against surplus: 



Dividends paid on preferred 



stock up to Dec. 1, 1913. $36,458.33 

 Reserve against loans to 



subsidiary companies ... 16,500.00 



52,958.33 



Surplus, July 31, 1914 $2,195,840.95 



AUTOMOBILE EXPORTS FOR FISCAL YEAR 1914. 



A (.'CORDING to a summary issued by the Department of 

 ** Commerce, Washington, the aggregate United States ex- 

 ports of automobiles and accessories for the fiscal year ending 

 June 30, 1914, amounted to about 40 million dollars. This amount 

 was apparently composed as follows : 



Number. Value. 



Commercial motor vehicles 784 $1,181,611 



I 'assenger automobiles 29,352 26,616.031 



Parts (exclusive of tires) and engines 6,787,575 



$34,585,217 

 Tires and engines (estimated) 5,000.000 



$39,585,217 

 The analysis of the distribution given below shows t hat Europe 

 and North America took, respectively, 12'4 and 10^4 million 

 dollars' worth of automobiles and parts, about two-thirds of the 

 grand total of 35 million shown under those heads. Oceania 

 took about 5 million dollars' w r orth, thus leaving only about 7 

 million for the remainder of the world, or about 20 per cent, of 

 the aggregate shown by Table A given below. 



TABLE A— AUTOMOBILE EXPORTS FOR FISCAL YEAR 1914. 



Commercial 

 motor vehicles. 



No. 



249 



298 



79 



30 



Europe 



North America... 

 South America. . . 



Asia 



Oceania 113 



Africa 15 



Hawaii 



Porto Rico 



Alaska 



Value. 



$248,716 



558,413 



130,811 



55,658 



171,407 



16,606 



Passenger 

 automobiles. 



, * 



No. \ alue. 



13.108 $10,168,2U 



Parts 

 Value 



Total 

 Value. 



5,190 



1,906 



1,408 



4,833 



1,861 



701 



291 



54 



6,280,04 



1,808,401 



1,206,031 



4,338,977 



1,591,294 



841,458 



320,680 



60,930 



$1,830,560 $12,247,494 



3,847,616 10,686,071 



296,306 2,235,518 



144,017 1,405,706 



334,956 4,845,340 



170.777 1.77:s.i,77 



85,813 927.271 



70,025 390,705 



7,505 68,435 



784 $1,181,611 29,352 $26,616,031 $6,787,575 $34,585,217 



Automobiles and Parts Exported to Belligerent Nations. 



Aggregate exports to Europe were $12,247,494, of which the 

 value of nearly eleven million dollars was shipped to the nations 

 which have since become belligerents, in the following proportions : 

 TABLE B— AUTOMOBILE EXPORTS FOR FISCAL YEAR 1914 TO 



NATIONS NOW BELLIGERENT. 



Commercial 

 motor vehicles. 



No. Value. 



England 203 $189,099 



Germany 24 18,462 



France 2 5,070 



Russia 2 5,322 



Austria-Hungary .. 3 7.455 



Passenger 

 automobiles. 



Parts. 



No. Value. Value. 



7,017 $5,662,435 $1,305,657 



1,411 1,040,787 213,351 



1,427 919,060 179.351 



926 898,458 14,079 



314 190.199 5,198 



244 



139,681 



20,978 



Total 



Value. 



$7,157,191 



1,272,606 



1,103,481 



917,859 



202,852 



160.659 



Belgium 



Belligerent nations. 234 $225,408 11,339 $8,850,620 $1,738,614 $10,814,648 

 Other European na- 

 tions 15 23,308 1.769 1,317,598 91,946 1,432,846 



Grand total Europe. 249 $248,716 13,108 $10,168,218 $1,830,560 $12,247,494 

 Thus about seven-eighths of the United States exports of auto- 

 mobiles and parts for the fiscal year 1914 were to nations now 

 at war. 



Most interest attaches at present to the South American market, 

 as being practically the only large outlet free from any connection 

 with present or prospective hostilities. 



TABLE C— AUTOMOBILE EXPORTS TO SOUTH AMERICA 



