30 



THE INDIA RUBBER V/ORLD 



[October i, 1906. 



THE TEXTILE GOODS MARKET. 



THE seueral trend of the market is said to be buoyant 

 and it is thought that the fixing of the new price- 

 schedule about October 15 will not show any appreciable 

 change from the prevailing list. A prominent authority re- 

 cently published the following risumc of the cotton market : 



"Conditions this season are such as to render the usual 

 decline from early oflferings less probable. There can be little 

 doubt that the early movement will be heavy, for the reason 

 that perhaps as much as 25 per cent, of the crop has already 

 been sold at loc. and over for early shipment, and therefore 

 receipts will not be any pressure against the market. The 

 increased warehouse facilities of the South, the more pros- 

 perous condition of growers as a class, and the efforts of the 

 various organizations will all he in favor of a very conserva- 

 tive marketing of unhedged cotton, besides which we have 

 not the least doubt in the world but that spinners of all na- 

 tions are even now prepared, and are waiting for the season 

 of big receipts to embrace what they may well consider the 

 best opportunity likely to be presented during the season 

 for obtaining supplies not onl}' for the necessities of the cur- 

 rent season but in many instances to supply their spindles 

 during the coming year. This course of conduct has un- 

 doul)tedly been suggested to them by the fact that while the 

 commercial crop just marketed was the largest but one in 

 the history of the trade the world's surplus was decreased 

 nearly one-half during the season, and also that after the 

 enormous takings of two years ago the takings of last year 

 indicated a reaction, which, during the present season, is 

 likely to be followed by a renewal of the expansion naturally 

 attending the increase in population and the development of 

 new markets." 



The spot situation is strong but there is little or no dispo- 

 sition to deal in futures, at least on the part of the general 

 public. 



ADDITIONAL TRADE NOTES. 



MR. WEBSTER NORRIS, who is well known as one of 

 the safest and best equipped of the rubber chemists 

 and superintendents, has located pennanentlj- in New York, 

 lie will devote himself to laboratory work, acting as counsel 

 for rubber manufacturers who have compounding, manu- 

 facturing, or testing problems of any description with which 

 to deal. 



= The Diamond Rubber Co. (Akron, Ohio) announce that 

 all the American entries for the Vanderbilt Cup race, to take 

 place on Long Island on October 6, are to be equipped with 

 the Diamond wrapped tread tires. All the American cars 

 entered in the elimination race on September 22 were also 

 equipped with these tires. 



= 0n his recent return from Europe, Colonel Samuel P. 

 Colt was welcomed home at Bristol, Rhode Island, by a 

 nnniber of friends who had speeded him on his departure a 

 few weeks earlier. It was on the evening of September 17 

 that Colonel Colt was surprised by the arrival of a large 

 party in automobiles, who, after welcoming speeches, pre- 

 sented him with a teautiful silver service, each piece bearing 

 the coat of arms of the Colt family and the inscription 

 ' Squantum Julj' 2, 1906," the whole being a souvenir of 

 the farewell dinner above referred to. 



=The number of dollars that have been saved to the rub- 

 ber trade by the u.se of recording thermometers must be quite 

 large, and hundreds of them are in use in rubber mills par- 

 ticularly the Bristol, which is the manufacturers' delight 



and the heater man's well the heater man has to keep 



awake with that infallible watcher always so much in evi- 

 dence. 



= Mrs. \. D. Schlesinger, wife of the superintendent of 

 the India Rubber Comb Co. (College Point, I<ong Island), 

 died on September 21, after having been an invalid for verj' 

 many years. 



= Mr. (ieorge II. Hood, tanned, vigorous, and happy, is 

 spending much of his time running his farm at Hamilton, 

 Massachusetts. 



INCREASED RUBBER DIVIDENDS. 



Till', directors of the Rubber Goods Manufacturing Co., on 

 September 21, declared a semi annual dividend of i per cent, 

 on the common stock, out of the earnings of the first six 

 months of this year, payable October 15 to shareholders of 

 record September 30. Dividends had not been paid previ- 

 ously on these shares since the end of 1901. The directors 

 of the General Rubber Co. have declared a quarterly divi- 

 dend of 4 per cent., payable September 30 to shareholders of 

 record September 21. In June last the companj' declared a 

 dividend of 4 per cent, for the preceding fi.scal year. .'Vs the 

 shares of these two companies are held so largely by the 

 United States Rubber Co., and the dividends on these will 

 amount to a handsome sum, some holders of the common 

 stock of the United States company are asking whether 

 this money will be applied to a resumption of dividends on 

 common. 



NEW AUTOMOBILE TIRE PRICES. 



Sever.^i, of the rubber tire manufacturers have issued new 

 lists since September i. These lists are substantially the 

 same as before, though some changes have been introduced 

 to make them more symmetrical. Hitherto, some tires have 

 been higher priced in relation to the material and workman- 

 ship involved than others, and in the new lists prices have 

 been more nearly equalized. New discounts have been ar- 

 ranged, however, by certain firms, including The B. F. 

 Goodrich Co. and the Diamond Rubber Co., which will have 

 the effect on the average of slightly reducing the prices. 

 While prices are subject to change without notice, they will 

 expire by limitation in any case July 15, 1907. The Hartford 

 Rubber Works Co. announce that their prices will be abso- 

 lutely maintained. The Goodyear Tire and Rubber Co., in 

 advance of the issue of a new list, state that their prices will 

 be substantially the same as last year. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 



United States Rubber Co. : 



SECOND PREFERRED. 



Whek ending— Aug. 25. Sept i. Sept. 8. Sept. 15. Sept. 22. 



Sales 100 — — 700 400 



High 79 — — 81 8oJ^ 



Low 79 — — 80 80 



