JlLY I, 1907.] 



THE INDIA RUBBER WORLD 



323 



UNITED STATES BITBBER CO SKASE ISSUES. 



The governing committee of tlic \cw York Stock Exchange 

 on June 12 listed 8,000 additional shares of the first preferred 

 stock of the United States Rubber Co., and granted an extension 

 of time to November i, 1907, in which to hst, under authoriza- 

 tions already granted, 24,139 additional shares first preferred 

 stock and 1.5 14 shares additional second preferred stock. The 

 following is a summary of the stock issues of the United States 

 Rubber Co. : 



First preferred. — -Authorized by the charter, $40,000,000; issued 

 and listed on the Stock Exchange, $36,263,000; total amount au- 

 thorized by the Exchange to be listed, to date, $38,676,900. 



Second preferred. — Authorized by the charter, $10,000,000 ; is- 

 sued and listed, $9,848,600; authorized by Exchange to be listed, 



$10,000,000. 



Cdiiinwn. — .\uthorized by charier, $25,000,000; issued, the 

 whole amount ; listed, $23,666,000. The remainder of this issue 

 (13.340 shares) is in the treasury of the Meyer Rubber Co., a 

 subsidiary company. 



The 8,000 additional shares last listed were the remainder of a 

 block of 58,000 shares of first preferred stock held by the Meyer 

 Rubber, details regarding which appeared in The India Rubber 

 WoKLii April I, 1906 (page 221). A report to the Stock Ex- 

 change stated : "Said Meyer Rubber Co. has sold said 8,000 

 shares on the basis of $100 per share, or for the sum of $800,000, 

 which sum has been received in cash in its treasury for jts cor- 

 porate purposes and ultimately for the corporate purposes of the 

 United States Rubber Co." 



It may be of interest to recall, in connection with the $2,413,900 

 of additional first preferred shares the date for listing which has 

 been extended to November, a statement in the last annual re- 

 port of the president of the United States Rubber Co. : "There is 

 about $3,000,000 of the preferred stock of the Rubber Goods 

 company still unexchanged, as to which your directors have 

 thought it as well to take no action, at least for the present." 



NEW ENGLAND RUBBER CLUB. 



The annual .summer outing of the New England Rubber Club 

 will be held on July 17 at the Country Club, Brooklinc. Mass. 

 Tliis exceedingly exclusive club opens its doors and gives over its 

 golf links, baseball grounds, tennis courts, and broad reaches of 

 woods and fields to the New England Rubber Club as an ap- 

 preciation of President Stedman, one of the Country Cluli's most 

 prominent and popular members. The whole of the Country 

 Chib belongs to the New England Rubber Club on the day men- 

 tioned, with the exception of the portion of the clubhouse that 

 is always reserved for the lady relatives of the club members. 

 A circular giving full information regarding the outing, transpor- 

 tation, sports, and so on, will be mailed by the secretary to all 

 members of the New England Club in due time. 



FACTORY TRAFFIC MANAGERS ORGANIZE. 



The traffic managers of a number of large manufacturing con- 

 cerns in Hampden county, Massachusetts, have organized the 

 Hampden County Traffic Association, with headquarters at 

 Springfield, for the mutual promotion of their interests as 

 shippers. The executive committee includes F. R. Lyman, traffic 

 manager of The Fisk Rubber Co. (Chicopce Falls), whose work 

 last year [see The Indi.\ Rubber WoRin, June i, 1906 — page 

 301] in connection with the classification of pneumatic tires as 

 freight on railways resulted in a material reduction in rates on 

 such goods over a cnnsidcrablc part of the country. 



A TRAINLOAD OF RtTBBER SHOES. 



The Apsley Rubber Co. (Hudson, Massachusetts) recently 

 made a shipment of rubber footwear to their Chicago agents, 

 M. D. Wells Co., which filled a train of ten cars of the Boston 

 and Maine railroad. A photograph was made of the train, 

 each car labeled with the company's name, with the factory ap- 

 pearing in the background. The company have had made from 

 this a "half tone" picture 42 inches in length which gives a far 



better idea than any mere statistics of the large scale on which 

 the rubber shoe trade is conducted. It is stated that the de- 

 liveries due the Chicago agents would fill four more similar 

 trains. 



A NEW TALC MILLING PLANT. 



The Mass<achuselts Talc Co., Inc. (Boston), extend an invita- 

 tion to purchasing agents for rubber factories to visit their new 

 milling plant, recently completed at Zoar, Massachusetts, on the 

 Fitchburg division of the Boston and Maine railroad. The 

 company have now been mining talc for something less than two 

 years, but they have already added a large number of rubber 

 manufacturers to their list of customers. Their new mill has a 

 daily capacity of 40 tons of high grade domestic talc or soap- 

 stone. 



GOODYEAR TIRE AND RUBBER CO. AGENCIES. 



The Goodyear Tire and Rubber Co. (Akron, Ohio) have 

 established a sales branch at Pittsburgh, at No. 5988 Center ave- 

 nue, in charge of Mr. C. A. Vetter. They have also opened a 

 new branch in Philadelphia, known as the Goodyear Tire Agency, 

 at No. 1404 Ridge avenue, in charge of Mr. L. S. Hall. 



HARTFORD RUBBER WORKS CO. 



H. E. Field, formerly manager of this company's branch at 

 Detroit, Michigan, having been appointed sales manager of the 

 company, with headquarters at Hartford, has been succeeded at 

 Detroit by C. W. Hatch. Walter Clapp, Jr., has been appointed 

 branch manager at Buffalo, New York, to succeed George Osten- 

 dorf. A. W. Kirk, who formerly traveled for the company in 

 the South, is opening a store in Atlanta, Georgia, at No. 55 

 Auburn avenue, and will be the company's representative in 

 that city. 



OWED $38,478 FOR RUBBER TIRES. 



Schedules in bankruptcy of the E. J. Willis Co. (New York), 

 against whom a petition in bankruptcy was filed on .\pril 16, 

 show liabilities of $174,042, of which $12,114 ^re secured, and 

 good assets of $52,214, besides $28,426 in accounts mainly dis- 

 puted and considered uncoUectable. The creditors include four 

 rulibcr tire manufacturers, with claims amounting to $38,478. 

 It is thought that the company may be able to compromise with 

 their creditors and continue business. 



TRIBUTE TO ARTHUR W. CLAPP. 



At a meeting of the board of directors of the Rubber Manu- 

 facturers' Mutual Insurance Co., in Boston, the following tribute 

 to the late Arthur Winship Clapp, at the time of his death presi- 

 dent of the company, was ordered spread upon the company's 

 minutes : 



The sad r.ews of the sudden dtath on April 17 last of our honored Presi- 

 dent. .'\rtluir Winship Clapp, came as a great shock and profound sorrow 

 to the directors of the Rubher Manufacturers Mutual Insurance Co. 



Entering the board of directors in January, 1894 (in succession to his 

 elder brother, the late Eugene H. Clapp, who was one of the founders of 

 the company and its first vice president), he at once by his intelligence and 

 grasp of affairs, by his uprightness and force of character, and by his tact 

 and knowledge of men. took a prominent part in our deliberations and 

 decisions; and his unanimous elevation to the presidency of the company 

 followed most naturally in July, 1904, upon the vacancy for the first time 

 in our history in that office. 



During these thirteen years he has served our interests with the greatest 

 zeal, enthusiasm, and loyalty combined with a thorough knowledge of our 

 compr.ny*s affairs and perfect fearlessness and frankness in meeting the 

 many questions which came up from time to time for our consideration. 



As none of his fellow directors had any intimation of his failing health, 

 the sense of our loss and the shock we now experience are 'all the more pro- 

 found and distressing, and we wish to record, howevtr inadequately, our 

 testimony to his fine qualities of bead and heart and to our great personal 

 regard for him as a loyal friend and co-worker. 



Voted tha» this testimonial be spread upon the records of the company, 

 and that a copy be sent to bis family, to whom we tender our warmest 

 sympathy in tlleir great sorrow. 



GEORGE H. HOOD. 

 GEORGE B. IIODGMAN, 



BosTi.N, May -, 1907. ROBERT BATCHELLER. 



Committee. 



