Music Trade Review
Issue: 1920 Vol. 70 N. 2 - Page 39
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
JANUARY 10, 1920
A BIG GL1DDEN COMPANY MERGER
Glidden Co. President Announces Consolidation
of Sixteen Paint and Varnish Concerns Under
One Management—Offices in Cleveland
CLEVELAND, O., January 5.—Cleveland became
the center of the paint and varnish trade in
America the first of the year, when the Glidden
Co. announced the consolidation of sixteen con-
cerns under one management, with headquarters
in this city. Plants in Canada, California, Texas,
Massachusetts, Missouri and Louisiana are now
in one merger.
Under a new charter, recently granted, the
Glidden Co. will be capitalized at $7,500,000 7 per
cent preferred stock and 360,000 shares of nc
par value common stock. There will be no
bonded indebtedness, according to an announce-
ment of Adrian 1). Joyce, president of the mer-
ger company.
The concerns figuring in the big merger in-
clude the Glidden Co., Cleveland; the Glidden
Co., Ltd., Toronto; the Glidden Co. of Cali-
fornia; the Glidden Co. of Massachusetts, ana
the Glidden Co. of Texas. Other companies
in the merger are the Heath & Milligan Manu-
facturing Co., the Adams & Elting Co. and the
Nubian Paint & Varnish Co., of Chicago; the
Forest City Paint & Varnish Co., of Cleveland:
the American Paint Works, of New Orleans; T
L. Blood & Co. and the Twin City Varnish Co.
of St. Paul,'and the Twin City Varnish Co. of
Illinois; the A. Wilhelm Co., of Reading, Pa.;
the Campbell Glass & Paint Co., St. Louis, and
the Linseed Oil Co., operating in St. Louis, for
merly as the Mound City Linseed Oil Co.
The merger has assets of $15,000,000, with
liabilities, including a reserve for Federal, local
and State taxes, amounting to $2,250,000, making
the net value of the properties $13,250,000.
The location of the merger company's plants
gives it an unique strategical point of vantage.
The merger concern also retains a controlling
interest in the Glidden Stores Co. and will con-
tinue its policy of expansion in arranging con-
trol of basic raw materials needed in the manu-
facture of finished products.
Sales of the concerns making up the merger
for the year ending December 31, 1919, aggre-
gated more than $16,500,000. The present rate
of increase in sales is about 30 per cent. The net
profits in 1919 were $1,800,000.
The Glidden people now are the largest Amer-
ican manufacturers of paints and varnishes,
MUSIC
TRADE
REVIEW
39
arsenical poisons, insecticides, arsenical cattle
dips, dry colors, chemicals and linseed oils.
During many years the Glidden Co. has had
a large trade with high-grade piano and player-
piano and talking machine manufacturers. The
same is true as regards the automobile indus-
try. Cleveland is fast taking a leading part
in this industry.
The officers of the reorganized Glidden con-
cern are:
President, Adrian D. Joyce; vice-president, H.
O. Hassc; secretary-treasurer, R. H. Horsburg.
know how the circulation in the kiln operates,
how the temperature and the humidity are ob-
tained and how they are controlled. Simplicity
is now considered a quality. The manufacturer
of the present day is also more particular as
to the competence of the man detailed to run
a dry kiln.
The United States Government has run many
experiments and tests at the Forest Service
Laboratories at Madison, Wis., and has proved
that lumber should be treated in a specific way,
both in regard to temperature and humidity.
A thoroughly satisfactory dry kiln in accord-
ance with the latest modern ideas should con-
DRY KILNS IN GREAT DEMAND
form to certain fixed requirements such as the
Sturtevant Co. Reports Rapidly Increasing Use positive, equal and sufficient circulation of air,
of Kilns for Drying Lumber of All Kinds— uniformity of heating and humidifying, means
for removing excessive moisture, automatic con-
The Progress Made During Recent Years
trol of temperature and humidity, and means of
keeping a continuous record of conditions in
BOSTON, MASS., January 5.—The B. F. Sturte-
vant Co. of the Hyde Park section of this city the kiln. The Sturtevant high humidity kiln
me experiencing an exceptionally strong de- has been especially designed to meet these con-
mand for their high humidity lumber dry kilns. ditions and also presents many other advan-
In a recent statement by the concern, attention tages. The cheapest, most efficient and most
U-. called to the fact that during tne past few satisfactory way to get a circulation of air is
years there has been a very radical change in by use of a fan. This principle is used in the
tlie theory of lumber drying. Th.s change may Sturtevant kiln. The B. F. Sturtevant Co. have
largely be attributed to the world war and been engaged in manufacturing lumber dry
the use of the airplane. In the airplane, it is kilns for over fifty years, and are said to be the
ot' course realized that the prcper drying of the largest manufacturers of air moving machinery
wood to be used is exceedingly important, and in the world. The Sturtevant high humidity
the specifications issued by the Government kiln in its present high state of perfection is the
were very rigid. Thus the subject of lumber result of their many years of experience in this
line of production.
drying has been given much thought.
A great many years ago outdoor drying or
seasoning was considered the only way in which
to secure the best quality of lumber, although
attempts were made to hasten this process by
drying the lumber in art'ticial dryers with a
temperature higher than the normal outdoor
Robt L. K»pp, President
atmosphere. For a number of years progress
was made in the process of drying. More at-
Makers of High Grade
tention was paid to the method of piling in order
GRAND
to get the air circulation somewhere near uni-
UPRIGHT
form, and improved kilns were produced to give
PLAYER
better circulation and some control over the
Ask for our "Super Strong" Hammer, the Sides of
which are ma
claims for these various kilns, guaranteeing cer-
279 Morris Ave., Cor. East 139th St., N. Y.
tain results and in a guaranteed time. The
"guarantee" argument is not so strong at the
present date. The purchaser is beginning to de-
cide by considering what one particular kiln
offers and what another kiln does not offer. He is
no longer mystified by patents, guarantees and
mysterious fittings and devices, but wants to
HAMMERS
INVISIBLE HINGES
"OUT OF SIGHT
PIANO & PLAYER
HARDWARE, FELTS & TOOLS
ASK FOR CATALOGUE NO. 178
PHONOGRAPH :: CABINET :: HARDWARE
ASK FOR CATALOGUE NO. 179
Let us quote on your "Special" Parts—we have excel-
lent facilities for making all manner of Turnings,
Stampings, Small Castings, Wire Goods, Etc.
HAMMACHER, SCHLEMMER & CO.
SINCE 1848
100
When you fail to
see an unsightly
Hinge protruding
you know "SOSS"
is the answer.
Soss Hinges
emphasize beautiful
wood finishes as
there is no project-
ing metal on either
side of door.
Made in
numerous sizes.
Send for Catalog "S"
4th AVE. and 13th ST., NEW YORK
SOSS MANUFACTURING CO.
Grand Ave. and Bergen St.,
BROOKLYN, N. Y.
Jiiiiiiiiiiiiiiiiiiiiii[|(iiiiiiiii|li|iiiiiiiii||iiiiiiiiiiiii[|iiiiiiii[|[iiiiiiill|)IHiii[|ill||iiiiiiiiiiimii
nil
THE
JANUARY 10, 1920
A BIG GL1DDEN COMPANY MERGER
Glidden Co. President Announces Consolidation
of Sixteen Paint and Varnish Concerns Under
One Management—Offices in Cleveland
CLEVELAND, O., January 5.—Cleveland became
the center of the paint and varnish trade in
America the first of the year, when the Glidden
Co. announced the consolidation of sixteen con-
cerns under one management, with headquarters
in this city. Plants in Canada, California, Texas,
Massachusetts, Missouri and Louisiana are now
in one merger.
Under a new charter, recently granted, the
Glidden Co. will be capitalized at $7,500,000 7 per
cent preferred stock and 360,000 shares of nc
par value common stock. There will be no
bonded indebtedness, according to an announce-
ment of Adrian 1). Joyce, president of the mer-
ger company.
The concerns figuring in the big merger in-
clude the Glidden Co., Cleveland; the Glidden
Co., Ltd., Toronto; the Glidden Co. of Cali-
fornia; the Glidden Co. of Massachusetts, ana
the Glidden Co. of Texas. Other companies
in the merger are the Heath & Milligan Manu-
facturing Co., the Adams & Elting Co. and the
Nubian Paint & Varnish Co., of Chicago; the
Forest City Paint & Varnish Co., of Cleveland:
the American Paint Works, of New Orleans; T
L. Blood & Co. and the Twin City Varnish Co.
of St. Paul,'and the Twin City Varnish Co. of
Illinois; the A. Wilhelm Co., of Reading, Pa.;
the Campbell Glass & Paint Co., St. Louis, and
the Linseed Oil Co., operating in St. Louis, for
merly as the Mound City Linseed Oil Co.
The merger has assets of $15,000,000, with
liabilities, including a reserve for Federal, local
and State taxes, amounting to $2,250,000, making
the net value of the properties $13,250,000.
The location of the merger company's plants
gives it an unique strategical point of vantage.
The merger concern also retains a controlling
interest in the Glidden Stores Co. and will con-
tinue its policy of expansion in arranging con-
trol of basic raw materials needed in the manu-
facture of finished products.
Sales of the concerns making up the merger
for the year ending December 31, 1919, aggre-
gated more than $16,500,000. The present rate
of increase in sales is about 30 per cent. The net
profits in 1919 were $1,800,000.
The Glidden people now are the largest Amer-
ican manufacturers of paints and varnishes,
MUSIC
TRADE
REVIEW
39
arsenical poisons, insecticides, arsenical cattle
dips, dry colors, chemicals and linseed oils.
During many years the Glidden Co. has had
a large trade with high-grade piano and player-
piano and talking machine manufacturers. The
same is true as regards the automobile indus-
try. Cleveland is fast taking a leading part
in this industry.
The officers of the reorganized Glidden con-
cern are:
President, Adrian D. Joyce; vice-president, H.
O. Hassc; secretary-treasurer, R. H. Horsburg.
know how the circulation in the kiln operates,
how the temperature and the humidity are ob-
tained and how they are controlled. Simplicity
is now considered a quality. The manufacturer
of the present day is also more particular as
to the competence of the man detailed to run
a dry kiln.
The United States Government has run many
experiments and tests at the Forest Service
Laboratories at Madison, Wis., and has proved
that lumber should be treated in a specific way,
both in regard to temperature and humidity.
A thoroughly satisfactory dry kiln in accord-
ance with the latest modern ideas should con-
DRY KILNS IN GREAT DEMAND
form to certain fixed requirements such as the
Sturtevant Co. Reports Rapidly Increasing Use positive, equal and sufficient circulation of air,
of Kilns for Drying Lumber of All Kinds— uniformity of heating and humidifying, means
for removing excessive moisture, automatic con-
The Progress Made During Recent Years
trol of temperature and humidity, and means of
keeping a continuous record of conditions in
BOSTON, MASS., January 5.—The B. F. Sturte-
vant Co. of the Hyde Park section of this city the kiln. The Sturtevant high humidity kiln
me experiencing an exceptionally strong de- has been especially designed to meet these con-
mand for their high humidity lumber dry kilns. ditions and also presents many other advan-
In a recent statement by the concern, attention tages. The cheapest, most efficient and most
U-. called to the fact that during tne past few satisfactory way to get a circulation of air is
years there has been a very radical change in by use of a fan. This principle is used in the
tlie theory of lumber drying. Th.s change may Sturtevant kiln. The B. F. Sturtevant Co. have
largely be attributed to the world war and been engaged in manufacturing lumber dry
the use of the airplane. In the airplane, it is kilns for over fifty years, and are said to be the
ot' course realized that the prcper drying of the largest manufacturers of air moving machinery
wood to be used is exceedingly important, and in the world. The Sturtevant high humidity
the specifications issued by the Government kiln in its present high state of perfection is the
were very rigid. Thus the subject of lumber result of their many years of experience in this
line of production.
drying has been given much thought.
A great many years ago outdoor drying or
seasoning was considered the only way in which
to secure the best quality of lumber, although
attempts were made to hasten this process by
drying the lumber in art'ticial dryers with a
temperature higher than the normal outdoor
Robt L. K»pp, President
atmosphere. For a number of years progress
was made in the process of drying. More at-
Makers of High Grade
tention was paid to the method of piling in order
GRAND
to get the air circulation somewhere near uni-
UPRIGHT
form, and improved kilns were produced to give
PLAYER
better circulation and some control over the
Ask for our "Super Strong" Hammer, the Sides of
which are ma
claims for these various kilns, guaranteeing cer-
279 Morris Ave., Cor. East 139th St., N. Y.
tain results and in a guaranteed time. The
"guarantee" argument is not so strong at the
present date. The purchaser is beginning to de-
cide by considering what one particular kiln
offers and what another kiln does not offer. He is
no longer mystified by patents, guarantees and
mysterious fittings and devices, but wants to
HAMMERS
INVISIBLE HINGES
"OUT OF SIGHT
PIANO & PLAYER
HARDWARE, FELTS & TOOLS
ASK FOR CATALOGUE NO. 178
PHONOGRAPH :: CABINET :: HARDWARE
ASK FOR CATALOGUE NO. 179
Let us quote on your "Special" Parts—we have excel-
lent facilities for making all manner of Turnings,
Stampings, Small Castings, Wire Goods, Etc.
HAMMACHER, SCHLEMMER & CO.
SINCE 1848
100
When you fail to
see an unsightly
Hinge protruding
you know "SOSS"
is the answer.
Soss Hinges
emphasize beautiful
wood finishes as
there is no project-
ing metal on either
side of door.
Made in
numerous sizes.
Send for Catalog "S"
4th AVE. and 13th ST., NEW YORK
SOSS MANUFACTURING CO.
Grand Ave. and Bergen St.,
BROOKLYN, N. Y.
Jiiiiiiiiiiiiiiiiiiiiii[|(iiiiiiiii|li|iiiiiiiii||iiiiiiiiiiiii[|iiiiiiii[|[iiiiiiill|)IHiii[|ill||iiiiiiiiiiimii
nil
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