Abstract: Cold-seal adhesives are disclosed that contain no natural rubber and are able of forming dry content on stretchable fabric strips which adhere to one another with acceptable strength at room temperature by pressure contact to form cohesive surgical bandages, but also allow such strips to be reeled into rolls and stored for extended periods of time without blocking. Such cold-seal adhesives are aqueous dispersions having a Zahn Cup #2 viscosity between 16-40 seconds containing 30 to 50 percent solids content of a polyurethane ionomer reaction product of 50-80% polyester polyol, 15-25% aliphatic diisocyanate and 3-6% dimethylol propionic acid neutralized with a base selected from tertiary amines and alkali metal hydroxides and the reaction product possesses a T.sub.g of between about -20.degree. to 5.degree. C.