3! »2 



THE INDIA RUBBER WORLD 



I Vpril 1, 1915. 



THE B. F. GOODRICH CO.'S ANNUAL REPORT. 



AT th. ickholders of The B F. Goodrich 



•*»• I o., held in New Vork, March 10, the president submitted 

 his repori Eoi the year ending December 31, 191 I. Eri m which the 

 following paragraphs art- taken: 

 "After making liberal provision for all maintenance charges, 

 and all outstanding liabilities, etc., the 

 net income for the period, as shown by the- profit and loss ac- 

 counl d, was $5,440,427.00 compared with $2,599,747.39 in 



"Youi directors have voted, subject to the approval of the 



shareholders, to retire 20,000 shares of the preferred stock. 



I In* is in accordance with the provision of your company's 



charter, which provides for the retirement of a minimum of 



9.000 shares of the preferred stock each Near, beginning with 



July, 1914. At the annual meeting tin shareholders will he 



asked to approve the retirement of this stock." 



The treasurer's report, as contained in the consolidated bal- 



sheel and profit and loss and surplus accounts, given in 



full below, show- the imancial condition of the company: 



CONSOLIDATED BALANCE SHEET. 

 ASSETS. 

 Capital assets — 



Real ill', build '. machinery and 



sundry equ ei ve for deprei ia 



tion $12,391,515.97 



Paten ; 



Goodwill 57,798,000.00 





.117.711 

 1,207,058.00 

 i Francaise B. F. Goodrich ting the net in- 



i I) cember 31, 1914 1,216,255.95 



cent, cumulative preferred stoi 1 ii 



treasury, at par 1,244,200.00 



■:i assets 

 Inventory of raw materials, partly manufac- 

 tured and finished stock $11,308,857.30 



Trade accoiu ble, after deducting re- 



loubtful accounts, discounts 



and al 3,101,620.92 



Other accounts receivable 1,445,612.56 



Bills receivable 262,945.10 



Cash in hanks and on hand 4,192,521.25 



Deferred charges to future operatioi 

 Prepaid - taxes, etc . 



20,311,557.13 

 185,464.87 



$94,936,953.65 



DECEMBER 31, 1914 -LIABIL] I II - 

 Capita] - 1 icl 



600,000 Shan i i: stock of the par 



value of $100 each $60,000,000.00 



300,000 Shan - t 7 pet 



■ if 

 the par value nf $100 each. .$30,000,000.00 

 Deduct: 

 9,000 Shares of preferred 

 wait- 

 ing cancellation 900,000.00 



29,100,000.00 



(Tin 

 deemabh in ca c 

 lution, liqi 

 or 



Accounts payable $915,717.99 



Sundry accrued liabilities 543.326.03 







Appropriation ft 



stock 

 Surplus (pel 



$89,100,000.00 





1,459,0 



300,000.00 



900,000.00 

 3, 177.909.63 



$94,936, 



URPLUS ACCOUNT, 

 31, 1914. 



14 



r 31, , per an 







-nt cumulative pre- 

 if July 

 1,1914, 



and held in treasury for 



llation 



Seven per cent, dividend on preferred stock 

 for the year ending December 31, 1914.. 



$6,146,4 



101 



2,068,500.00 



PRO! U' AND LOSS ACQ" 



i i ill-- Year Ending December 31, 1914. 



Net sales $41,764,008.66 



Deduct — Manufacturing, selling and general administration 



nses 36,189,641.67 



Proft from Operations $5,574,366.99 



Add — Miscellaneous income 562,930.10 



$6,137,297.09 

 Deduct : 



vision for depreciation $573,616.11 



Interest on bills pavable, etc 123,253.98 



696,870.09 



Net profit carried to sui plus ai count $5,440,427.00 



THE B. F. GOODRICH CO. ELECTS OFFICERS. 



At the regular annual meeting of The 13. F. Goodrich Co., held 

 in New York, March 10. a resolution reducing the number of 

 directors from 16 to 14 was approved. O. C. Barber and Phillip 

 Lehman retired from the board, and four other directors — 

 Henry Goldman, A. II. Marks, A. II. Wiggin and B. G. Work — 

 whose terms had expired, were re-elected for three years 



A special meeting of stockholders was held on the same day. 

 at which resolutions were adopted for a reduction of preferred 

 stock from $30,000,000 to $28,000,000. 



The directors elected the following officers for a period of 

 one year : President, B. G. Work : vice-president and general 

 manager, A. H. Marks: second vice-president and sales man- 

 ager, H. E. Raymond ; second vice-president and works man- 

 ager, E. C. Shaw; secretary and assistant treasurer, C. B. Ray- 

 mond; treasurer, W. A. Means; assistant secretary and as- 

 sistant treasurer, Guy E. Norwood : assistant sales manager, W. 

 O. Rutherford; auditor, William Murray. 



THE WAR'S INFLUENCE ON AUTOMOBILE EXPORTS. 



1 overnment statistics 5! ow that in 1914 3.430 trucks, valued 

 at $8,985,756. and 22.335 pleasure vehicles, valued at $19,521,- 

 708, were exported, against 1.000 trucks, valued at $1,686,807, 

 and 25,880 pleasure cars, valued at $25,343,644, in 1913. The 

 influence of the war will be noticed in the increased propor- 

 tion of trucks and decreased number of pleasure cars included 

 in the 1914 figures. December shipments go a long way to- 

 wards causing these differences. 



In December last 1.279 motor trucks were exported, against 

 88 in the same month of 1913 — an increase of 1,191; the values 

 in the respectivi years being $3,387,729 and $100,660 — an in- 

 -e of $3,287,129. There were 1.297 pleasure cars exported 

 in December. 1914, against 2,301 in the same month of 1913 — 

 a tlecrease of 1,004 cars, and a decrease in value from $2,- 

 052,484 to $988,698. or $1,053,786. 



In statistics for the month ol December exports to France 

 show the greatest increase- from a total of 120 cars, valued 

 at $100,418, in 1913, to 969 cars, valued at $2,588,622, in 1914. 

 Exports to the United Kingdom show a comparatively slight 

 gain, from 648 cars, valued at $484,299, in 1913, to 860, valued 

 at $1,097,007, in 1914. Italy and Germany were not repre- 

 sented in these December statistics, and exports to all other 

 Europe fell off for the month from 160 cars in 1913 to 27 

 in 1914. 



2,968.500.00 

 Per balance sheet $3,177,909.63 



SOLID TIRE PRICES REDUCED. 



The Firestone lire &- Rubber Co., of Akron. Ohio, on March 

 S issued a new list of prices on solid truck tires. This list, 

 which is net, quotes prices from 10 to 15 per cent, lower than 

 any previously quoted on these tires. 



A reduction of 20 per cent, has been made in the price of the 

 Motz cushion tire, the manufacture and sale of which has been 

 taken over by the Gmdyear Tire & Rubber Co., of Akron, as 

 mentioned on page 283 of our February issue; this reduction 

 taking effect March 20. 



