\i GUST I, 1903.] 



THE INDIA RUBBER WORLD 



397 



R. Flint. Thomas Adams, Sr., Stephen T. Britten, Henry Row- 

 ley, W. H. White, James C. Young, T. L. Jefferson. Thomas 

 Adams, Jr., is chairman, W. J. White president, G. II. Worth- 

 ington vice president, and Henry Rowley secretary and treas- 

 urer. Recent quotations for the company's shares were: Pre- 

 ferred, 80 bid, 93 asked ; common, 1 10 bid, 1 14 disked. 



WHOLESALE RUBBER STEALING. 



The last number of the India Rubber World chronicled 

 the theft of six cases of fine Pard rubber from the Joy Steam- 

 ship line, of which, by the way. not the slightest trace has yet 

 bsen discovered. This month's news regarding rubber stealing 

 is even more sensational. It seems that a truck owned by Mid- 

 dleton Brothers, a well known trucking firm, on July 24 was 

 engaged by the New York Commercial Co. to take 20 cases 

 of fine Pard rubber from Pier 51 North river, to Pier 50 

 Eist river, whence it was to be shipped to the Easlhamp- 

 ton Rubber Thread Co. The truck was in charge of a reg- 

 ular driver and a man who acted as an occasional helper. Ac- 

 cording to the story of the truckman, after having several drinks 

 the regular driver suggested that they could easily get some 

 money on the rubber that they had with them and they there- 

 fore chartered a wagon and, accompanied by three " gentlemen 

 of leisure," whom the police inspector characterized as " bums," 

 they proceeded to a junk shop owned by one Murphy at No. 

 3S Front street, Brooklyn, New York, where they sold the two 

 cases, netting some 6S5 pounds of fine upriver paid, for $6. In 

 the meantime the assistant driver had been left with the truck 

 and 18 cases of fine Paid, and, according to his story, he became 

 nervous, and leaving the truck, horses, and rubber, fled. Very 

 late at night, the police having been notified, the empty truck 

 was found in Thirteenth street, Brooklyn, all the rubber having 

 disappeared. It is estimated that the rubber at the present 

 market price was worth $6500. The loss in the present in- 

 stance, unless the goods are recovered, will fall upon the truck- 

 men. The two cases which went to the junk man have, through 

 the promptness of the police, been secured. 



MONARCH RUBBER AND OIL CLOTH CO. 



This new company, at No. 41 North Seventh street, Phila- 

 delphia, issue a well arranged and nicely got up catalogue of a 

 full line of Mechanical Rubber Goods, and also rubber carriage 

 cloth, enameled oil cloth, table oil cloth, and linoleum, repre- 

 senting the products of high class factories. [4,'i"X7}s". 64 

 pages. ]==This company was incorporated September 1, 1902, 

 under the laws of Pennsylvania; Francis Chapman is presi- 

 dent and Edwin H. Chapman secretary and treasurer. 

 RUBBER WORKERS' UNIONS. 



Local No. 3, of the Amalgamated Rubber Workers' Union 

 of America (Cambridge, Massachusetts), on July 17 installed 

 these officers: John G. Sheehan, president; William Geaney, 

 vice president ; Henry Kolbe, recording secretary ; Walter 

 Dougherty, financial secretary; Florence Sullivan, treasurer; 

 M. Lavender, guide; Miss Mary Foley, guard. 



Local No. 4 (Trenton, New Jersey), now claiming 716 mem- 

 bets, during the month elected new officers as follows : Jules 

 Kohlenberger, president; Thomas Stanton, vice president; 

 James O. Donovan, recording and corresponding secretary ; 

 Walter Sigley, financial secretary; J. O'Connell. treasurer; 

 William Walker, trustee ; J. W. Clothier, guide ; John Phil- 

 houer, guardian. 



"CONTINENTAL" TIRES IN AMERICA. 



The Continental Caoutchouc Co., the incorporation of which 

 was reported in these pages last month, has been formed to 

 promote the interests in the United States of the Continental 

 Caoutchouc- und Guttapercha-Compagnie, important rubber 



manufacturers, of Hanover, Germany. Offices have been open- 

 ed at No. 298 Broadway, under the management of Emil Gross- 

 man, a dealer in automobiles and supplies. The officers are: 

 Willy Tischbein, of the office in Hanover, president ; Marcel 

 Kahle and Joseph L. Kahle, importers, at No. 48 West Fourth 

 street, New York, vice president and treasurer, respectively. 

 The plans of the new company have not yet been announced. For 

 instance, it is not known here whether the owners of the " Con- 

 tinental " tire will respect the " G and J " tire patents by tak- 

 ing out a license under them. Increased attention has been di- 

 rected to the " Continental " automobile tires for the reason 

 that they were used on the Mercedes automobile with which 

 M. Jenatzy won the race for the Gordon Bennett challenge cup 

 at Ballyshannon, Ireland, on July 2. 



AFFAIRS OF THE EASTERN ELECTRIC CABLE CO. 

 It will be remembered that early in April Judge Colt, of the 

 United States circuit court, appointed Homer M. Daggett and 

 Alfred W. Worthley receivers for the Eastern Electric Cable 

 Co., manufacturers of insulated wire, at No. 61 Hampshire 

 street, Roxbury, Massachusetts, on complaint of Henry A. 

 Clark, claimed to be creditor to the extent of $17,300, and an 

 additional $13 000 on account of endorsements on other obli- 

 gations. This indebtedness was acknowledged by the company 

 and the receivership assented to. The total indebtedness of 

 the company was said to be about $ioo,coo, and it was thought 

 to be to the advantage of the creditors to have the business 

 continued. The company own some land near the factory 

 which is assessed for $12,100, or about 75 cents a foot. On this 

 there is a $10,000 mortgage with one year's interest due, and also 

 one year's taxes. It is thought that this land will bring about 

 $1 a foot. In May Alfred W. Worthley, on petition, was given 

 leave to tender his resignation as receiver, and Mr. Daggett is 

 now the sole receiver. Mr. Henry A. Clark, founder of the 

 business, was for some years a manufacturer of insulated wire 

 with a plant in Bristol, Pennsylvania. He there invented a 

 special reclaiming process and also an insulating compound 

 which seemed to be of special value. Later he bought land in 

 Roxbury, near the plant of the Boston Belting Co., and put up 

 a plant for the manufacture of insulated wire, incorporating the 

 Eastern Electric Cable Co., in which he was a large owner. The 

 business for a time was exceedingly profitable, and " Clark wire" 

 was well known throughout the United States. Mr. Clark is 

 the inventor of many valuable processes and machines both in 

 the line of rubber manufacture and outside of it, and it is 

 prophesied that he will, before long, be able to put the business 

 again on a substantial footing and settle with the creditors 

 in full. The business at Roxbury was begun in 1SS5. 



UNITED STATES RUBBER CO. 

 .The following is a summary of the trading on the New York 

 Stock Exchange in the shares of this company since the date 

 of the last report in these columns : 



DATES. 



Week ending June 20 

 Week ending June 27 

 Week ending July 3 

 Week ending July 11 

 Week ending July IS 

 Week ending July 25 



Common. 



PREFERRED. 



Sales. 



Q5o 

 300 

 360 

 845 

 2,300 

 4.700 



High. 



■3', 

 13 



Low. 



'3 

 13 

 13'A 



n;s 



9 



Sales. 



2.743 



70O 



540 



515 



1,065 



5.535 



AMERICAN TUBING AND WEBBING CO. (PROVIDENCE, R. I.). 

 So far as can be learned no change in the affairs of this com- 

 pany has resulted from the bankruptcy of Dresser & Co. (New 

 York). The factory is being run full time, and the officers 



