238 



THE INDIA RUBBER WORLD 



[April i, 1906. 



=Tlie Day Rubber Co. (St. Louis) have established a 

 branch at Joplin, Missouri, under the management of F. C. 

 Jones and O. O. Jones, who have been connected with the 

 house for several years. The Joplit; branch will carry a 

 large stock of belting, packing, pump valves, steam hose, 

 air hose, and other supplies suited to the trade of a mining 

 district. 



=iThe Perfect Golf Ball Co. have made an assignment to 

 the benefit of creditors, to William H. Ileustings, of Boston. 



=The Montreal fire and light committee have given an 

 order for 7500 feet- of fire hose to the Canadian Rubber Co. 

 of Montreal, at a higher price than some of the competing 

 goods oflcred. 



=The Electric Vehicle Co. (Hartford, Connecticut) have 

 brought suit against the Hartford Rubber Works Co., alleg- 

 ing infringement of certain patents on tires. The Turner 

 endless tire is involved. 



= Boston Woven Hose and Rubber Co., hitherto a cor- 

 poration under the laws of Maine, have filed articles of 

 incorporation with the secretary of state of Massachusetts, 

 with <;i,20o,ooo capital. J. N. Smith is president, aud H. 

 B. Sprague, of Lynn, IMass., treasurer. 



ASBESTOS MliN WANT MORE PAY. 

 A Boston report [March 24] says: "During the past 

 week a special committee from Insulator and Asbestos 

 Workers' Union 6 has visited the employers in that indus- 

 try and presented them with the union's request for an ad- 

 vance in wages from $3 to $3.50 a day of eight liours, to 

 take effect on May i, 1906. As the meeting of the union 

 last night in Rathbone Hall the committee reported that the 

 employers had refused to grant the request on the ground 

 that it was inexpedient and that they could not afford it at 

 the present time. The members discussed the attitude of 

 the employers at length and voted to stand by their demand 

 on May i. Trade was reported good, with everj- member at 

 work, and a demand for union men from several sources. 

 Four new members were admitted and one application for 

 meiubersliip acted upon." 



NAKKOW ESCAPE OF A RUBBER STEAMER. 

 An important cargo of rubber was endangered by tlie 

 stranding of the steamship Cearense on Island Beach, New 

 Jersey, on March 16. The Cearense left Para on March 3, 

 and was consigned to Booth & Co., New York. She went 

 ashore in a blinding snowstorm, and was severely pounded 

 by the high seas until she was pulled off the sand bar on 

 March 19. The vessel was badly damaged, but the cargo 

 was finally landed intact. The manifest show's 1,047,000 

 pounds of rubber, the details of which appear in the regular 

 statistical pages of this Journal. 



MILWAUKEE RUBBER WORKS CO. INSOLVENT. 

 .■\ PKTiTiON' in involuntary bankruptcy, alleging debts ex- 

 ceeding $100,000, was filed against the Milwaukee Rubber 

 Works Co., whose plant is located at Cudahy, Wisconsin, at 

 Milwaukee on March 21. The complaining creditors are 

 William Becker, a director in the company from the begin- 

 ning and latterly its president, and several companies who 

 have sold supplies to the rubber works. IVIr. Becker appears 

 to be by far the largest creditor. The company was incor- 

 porated in March, 1903, with $200,000 capital paid in, and 

 has made a specialty of the manufacture of tires. There 

 have been reports recently of plans for reorganizing the com- 



pany, and as the factory has been active all the while, the 

 hope is entertained that someone of these plans may be suc- 

 cessfully developed. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 



United States Rubber Co. : 



SECOND PREFERRED. 



Whek ending— Feb. 24. Mar. 3. Mar. 10. Mar. 17. Mar. 24. 



Sales 860 2,800 4,500 1,100 450 



High 81 %2% 845^' 84>^ 83 



Low ~t)}i 80 8i>^ 82 82X 



UNITED STATES RUBBER CO AFFAIRS 



Dtring the latter part of March there was an unusual 

 amount of trading in common stock of the United States Rub- 

 ber Co., and at advanced figures. The situation as gener- 

 ally regarded is indicated in this extract fremi the financial 

 columns of the New York Sun, March 27 : 



Dividend expectations figured in the advance in United States 

 Rubber, but the Street could not understand why if earnings were 

 large enough to permit of disbursements for the common the pre- 

 ferred issues should utterly fail to reflect the increased prosperity. 

 The traders thought that there was a good deal of manipulation, 

 and that it was not particularly well done, as in their view the best 

 course would be to make a broad and active market for the higher 

 issues and allow the common to shine in their reflected light. In 

 very respectable quarters it was said, however, that whatever 

 might be the object of manipulation of the common stock there 

 was good reason to believe that it would be put on a dividend basis 

 before the end of the calendar year. 



It has been asserted in print that the United States Rub- 

 ber Co. are the real purchasers of the control of the Atlantic 

 Rubber Shoe Co., though this report lacks confirmation. It 

 may be mentioned, however, that control of companies has 

 not always been acquired by the United States through di- 

 rect purchase. 



DIAMOND RUBBER CO. — NEW TIRE. 



A SOLID tire for commercial vehicles made on an entirely 

 new plan is being put out by The Diamond Rubber Co. 

 (Akron, Ohio.) It is fastened to the rim by a wire mesh 

 base. In this new tire the ordinary " buggy tire " idea is 

 abandoned, and it is constructed w-ith a wide base with wires 

 running longitudinally and transversely, forming a mesh in 

 which the rubber is fastened. The design of the new tire is 

 to procure efficiency of base and the attaching system, and 

 general econonu' of shape. A wide tread is used on the 

 theory that in commercial vehicles the tread of the tire must 

 deliver the mileage. A rubber compound is used in these 

 tires which has been developed by careful test under exag- 

 gerated loads and varying speeds. It is cured by a process 

 which insures even and perfect vtilcanization clear to the 

 center. Patents covering this design of tire have been is- 

 sued to A. H. Marks. Above 5 inches the twin tire shape 

 is used. The largest tires are even tripled. It is argued 

 that the use of a single tire in sizes above 5 inches is bad 

 practice. 



