The Cycle Age and Trade Review, Vol 23, No 92
Articles in this issue
- Detailed report from Sydney on continuing distress-price auction sales of English, French, and American bicycles, noting that side-line dealers such as James Martin & Co. are quitting the trade because they cannot serve two masters, and that some imported machines costing as little as twenty dollars are retailed at a hundred percent profit while the once hundred-dollar Raglan now sells for forty-five.
- Inside report from New York on the status of the American Bicycle Company organization, with the election of directors expected once all property transfers have been completed.
- Balance sheet and financial statement from the Overman Wheel Company showing a healthy surplus despite liberal allowances for depreciation.
- Report on the formation of a Canadian bicycle combine: a syndicate headed by ex-Senator George A. Cox of Toronto has purchased the Massey-Harris, H.A. Lozier, Goold, and Welland Vale bicycle companies for cash, forming a six-million-dollar company that aims to capture the roughly half of the Canadian market currently supplied by American imports and also to begin manufacturing automobiles.
- Racing results and club news from cycling organizations.