Annual Statistics of Manufactures

Cover Annual Statistics of Manufactures
Annual Statistics of Manufactures
Massachusetts. Bureau of Statistics of Labor
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absorbed the Globe Shoe Tool Co., A. L. Perkins Co., and F. M. Stevens & Co., all of Boston.
Tires.
In April, the International Automobile & Vehicle Tire Co., with headquarters in New York, absorbed the Newton Rubber Co., and in May, purchased the plant of L. C. Chase A Co. of Chelsea. This company's capital of $3,000,000 was divided equally between common and non-cumulative preferred stock.
Tubes.
In July, the National Tube Co. was organized under New Jersey laws with a capital of $80,000,000
...divided equally into 7 per cent cumulative preferred stock and common stock.
No mortgage can be placed on the realty of the company without the consent of 80 per cent of the stock, common and preferred, and all dividends exceeding $2,800,000 go to the com.
mon stockholders. The plants controlled number 21 and are mostly situated in Pennsyl- vania.
Wire.
In March, the American Steel & Wire Co. reorganized under New Jersey laws and issued $60,000,000 of common and $40,000,000 of cumulative preferred stock.


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