August i, 1907.] 



THE INDIA RUBBER WORLD 



357 



TBACnON TBEAS TIKE TTRK BAKSRUPI. 



John D. Prince, of No. 34 East Thirty-second street, New 

 York, who filed a petition in bankruptcy July 25, with liabilities 

 of $23,809 and no assets, was a partner in the Traction Tread 

 Tire Co. (previously the R. & P. Traction Tread and Tube Co.), 

 of No. 1695 Broadway, which ceased to do business in January, 

 190-. The petitioner's former partner, Howard G. Rodgcrs, of 

 Cincinnati, is among the creditors. 



THE REVEEE EMPLOYES' PICNIC. 

 The annual picnic of the employes of the Revere Rubber Co. 

 (Boston) was held on Saturday, July 20, at Centennial grove, 

 in Essex. The party was on a special train of ten cars, and en- 

 joyed dinner under the large pine trees, together with a pro- 

 gram of sports that offered something for every taste. There 

 was a baseball game, together with races, jumping, and other 

 field sports. The committee consisted of A. N. Smith and John 

 Egan. 



AN ENGLISH TRADE MARK CASE. 



On March 2, 1906, F. Kcddaway & Co., Limited, commenced 

 an action against the Irwell and Eastern Rubber Co., Limited, 

 both of Manchester, claiming an injunction against the sale of 

 any machinery beltings by the latter under the brands "Lanco" 

 or "Lanco Balata," or any other words which might suggest 

 that the goods were the product of the plaintiff company. It 

 was alleged that the plaintiffs had acquired a valuable trade 

 reputation in the sale of machine beltings under the brand "Lan- 

 cashire." which was habitually abbreviated by many in the trade, 

 in ordering, as "Lanes," "Lanca," and the like, and that the name 

 "Lanco," in use by the defendants, was likely to be confused 



with the trade name in question. The defendants denied that 

 their trade names were intended to be mistaken for "Lan- 

 cashire" or were likely to be ; that the name "Lancashire" was 

 applied to hair belting, whereas the defendants' brands were 

 affi.xed to balata belting alone — two products not likely to become 

 confused in the trade. The action came up for trial July 10, 1906, 

 and was dismissed, when the plaintiffs appealed. In the- court 

 of appeals recently the action was dismissed, with costs for the 

 defendants. 



THE THEORY OF "SHORT" SALES. 



f N reply to a correspondent who asks "Is it against the rules 

 ^ of the New York Stock Exchange to go short, that is, to sell 

 stocks the seller has not got?" the New York Joiinuil of Com- 

 merce says : 



"There is no rule of the New York Stock Exchange forbidding 

 a member to sell stocks he does not yet own. Manufacturers 

 frequently sell goods which they have not, and which are not 

 in existence when the sale is made. Being confident of their 

 ability to get the goods in time to make delivery under the sale, 

 they bind themselves to do so. One who sells stocks that he 

 does not own at the time of the sale is in a position somewhat 

 similar. If he is willing to accept whatever risk may be in- 

 volved the Exchange is willing that he should do so." 



Bn,i.i.\RD balls are among the latest products from Galalith, a 

 material prepared in France and Germany from skimmed milk. 



Review of the Crude Rubber Market. 



' I 'HE tendency of the market has been upward since our last 

 ■*■ report, the month closing with an advance on practically 

 all grades listed below. The advance on fine new Upriver 

 is about 5 cents per pound. The rise in Para sorts has tended 

 to materially strengthen the position of Africans and Centrals, 

 though these had not declined to the same extent as Paras. The 

 condition of the market reflects an increased activity in buying, 

 though the month has been without any particularly large trans- 

 actions, this being a period of the year when a certain amount 

 of dulness in the trade is to be expected. 



There can now be given the exact arrivals at Para (including 

 caucho) during the crop year ended June 30 — 38.005 tons, against 

 34.490 last year and 33.060 the year before. 



The Antwerp sale of July 18 resulted in an average advance 

 of 20 centimes per kilogram [= l-)4 cents per pound] over the 

 prices realized in June. 



Following is a statement of the prices of Para grades, one 

 year ago, one month ago, an<I July 30 — this date : 



P.\R.\. Aug. I, '06. July I, '07. July 30. 



Islands, fine, new 118 (r?il9 104 @I05 107 (0108 



Islands, fine, old none here none here none here 



Upriver, fine, new 123 ©124 no @lll nS @tl6 



Upriver, fine, old 124 @I2S 112 @II3 I17 @ll8 



Islands, coarse, new 64;/'® 65 61 @ 62 62 @ 63 



Islands, coarse, old none here none here none here 



Upriver, coarse, new 90 @ 91 87 @ 88 90 @ 91 



Upriver. coarse, old none here none here none here 



Caucho (Peruvian) sheet. 72 (a 73 70 @ 71 71 @ 7-2 



Caucho (Peruvian) ball.. 86 ©87 82 @ 83 90 @ 91 



Ceylon, fine, sheet 148 (0)149 127 @I28 133 @I34 



African. 



Sierra Leone, ist Lopori ball, prime. .105(0 106 



quality 99(gioo Lopori strip, prime. 99(gioo 



Massai, red 99((i^ioO Madagascar, pinky.. 83(g 84 



Benguella 73(0), 'TiVz Tkelemha none here 



Accra flake i8@ 19 Soudan niggers 85® 86 



Cameroon ball 74® 75 



Centrals. 



Esmeralda, sausage. 87® 88 Mexican, scrap 84^^ 



Guayaquil, strip. . . . 71® 72 Mexican, slab 64® 65 



Nicaragua, scrap... 84® 85 Mangabeira. sheet.. 50® 60 



Panama, slab 64® 65 Guayule 45® 48 



East Indian. 



Assam 95® 96 Borneo n@. 38 



Late Para cables quote : 



Per Kilo. Per Kilo. 



Islands, fine S$350 Upriver, fine 6$oso 



Islands, coarse 2$95o Upriver, coarse 4$65o 



Exchange 15 .3-l6</. 



Latest Manaos advices : 



Upriver. fine 6$350 Upriver, coarse 4$2SO 



E.xchangc ^S'Ad. 



Statistics of Para Rubber (Excluding Caucho), 



New York. 



Fine and Total Total Total. 



Medium. Coarse. 1907. 1906. 1905. 



Stocks, May 31 Tons 304 313= 369 287 578 



Arrivals, June 413 313= 726 538 490 



.Aggregating 717 3/8=1095 825 1068 



Deliveries, June 486 306= 792 634 474 



Stocks, June 30 231 



303 



191 S94 



Rubber Scrap Prices. 



New Y'ork quotations — prices paid by consumers for carload 

 lots, per pound — show practically no change: 



Old rubber boots and shoes — domestic 11^® 12 



Old rubber boots and shoes — foreign lof4®ii 



Pneumatic bicycle tires 7/4® 7J4 



Automobile tires 9J'i@'<' 



Solid rubber wagon and carriage tires 10 ®io54 



White trimmed rubber I2j^®l2j4 



Heavy black rubber 5^@ 6 



.\ir brake hose 4J4@ 5 



Fire and large hose 35^® 3 Ji 



Garden hose 2^® 2j4 



Matting I'A® iH 



