.May I, 1.906.] 



THE INDIA RUBBER WORLD 



267 



NEWS OF THE AMERICAN RUBBER TRADE. 



RUBBER SUNDRIES MAKERS MEET. 



AX^HE annual meeting of the Rubber Sundries Manufac- 

 I turers' Association was held on the morning of April 



-*■ 12 at the Hotel Astor, New York. The organiza- 

 tion having been formed solely for sociability and 

 the interchange of goodfellowship among the members, no 

 particular business significance attached to the meeting. 

 The election of officers was the most im[)ortant item on the 

 routine list. Those chosen were : 



Ptesidenl — GEORGE K. Hoik;m.\n, of the Hoilgiiian Rubber Co., 

 New York. 



Vice President — Howard E. Raymond, of The B. F. Clooilrich 

 Co.. Akron, Ohio. 



Secretary — Edward E. Huber, of the firm Eberhard Faber, 

 New York. 



Treasurer — Frederic H. Jones, of the Tyer Rubber Co., And- 

 over, Mass. 



Execiitii'e Committee — Joseph Davol, of the Davol Rubber Co., 

 Providence, R. I. ; Henry !•;. Burton, of Parker, Stearns & Co., New 

 York ; LeBaron C. Colt, of the National India Rubber Co , Bristol. 

 R. I ; totjether with the olTicers of the .Association. 



In each case it was a unanimous reelection. The formali- 

 ties having been disposed of, a recess was taken until even- 

 ing, when an informal dinner was served at Delmonico's. 

 'Covers were laid for 35 persons, all but one of whom were 

 members of the association. The exception was the Hon. 

 L. D. Apsley, of the Apsley Rubber Co. At variance with 

 the usual program at such affairs there were no toasts and 

 no set addresses. President Hodgman made a few remarks, 

 as did also the guest of honor, Mr. Apsley, but that was the 

 extent of the speech making. As a surprise to the diners the 

 committee in charge, Messrs. Hodgman and Huber, had ar- 

 ranged for a vaudeville entertainment by artists of excep- 

 tional abilit}-. Each guest was given a souvenir of the occa- 

 sion in the shape of a handsome silver match box. The 

 dinner was declared to be the most enjoyable ever given by 

 the association. 



FACTORY ENLARGEMENT AT COLLEGE POINT. 



The .Vmerican Hard Rubber Co. are making extensive 

 alterations in their factory at College Point, New York, 

 which when completed will amount practically to a recon- 

 struction of the plant. The oldest hard rubber factory in 

 existence will thus become the most modern. The estab- 

 lisliment is also being increased in size, to provide for the 

 increased business incidental to the growth of the country 

 at large. Plans have been adopted for an additional build- 

 ing to be erected this summer, in extension of the east wing, 

 to be four stories high and about 170 feet in length. 

 UNITED STATES RUBBER CO. — DIVIDENDS. 



The board of directors of the United States Rubber Co. on 

 April 8 declared a dividend of 2 per cent, upon the First 

 preferred stock (including all the shares of that issue now 

 outstanding) for the quarter beginning January i, 1906, and 

 a dividend of i>^ per cent, \ipon the Second preferred stock 

 for the quarter beginning January i, from the net earnings 

 of the company, such dividends being payable, without clos- 

 ing of transfer books, to stockholders of record on April 14. 

 The net earnings for the 3-ear (March partially estimated) are 

 stated at approximately $3,851,000, not including earnings 

 of the Rubber Goods Manufacturing Co., excepting dividends 

 amounting to $276,859.47 received upon Preferred stock of 



said comjjany in the United .States company's treasury. The 

 net earnings for the corresponding period last 3'ear were 

 $3,761,922.63. While the earnings of the year are stated to 

 have been sufficient for a dividend upon the common stock, 

 the directors felt it more conservative to defer the same 

 until the company shall receive the actual benefit of the 

 Rubber Goods Manufacturing Co. and other recentlj- ac- 

 quired properties. 



UNITED STATES RUBBER CO. — ANNUAL. 



The fourteenth annual meeting of the shareholders of the 

 United States Rubber Co. for the election of directors, con- 

 sideration of a propo.sed amendment to the by laws, and for 

 the transaction of any other business which may properly be 

 brought before the meeting, will be held at the registered 

 office of the company in New Jersey at New Brunswick on 

 Tuesday, IMay 15, at 12 o'clock noon. The transfer books 

 closed on April 24, and will reopen on May 16 at 10 A. m. 

 ==The proposed amendment to the by laws relates to the 

 addition to .\rticle VIII, entitled "Sales, mortgages, and 

 conveyances, " of the following : 



Section 4. Neither the United States Rubber Co. nor any sub- 

 sidiary company by it controlled, shall speculate in the .stock either 

 of the United States Rubber Co. or of any subsidiary company, or 

 shall buy or sell the same, except in the regular course of the 

 legitimate business of such company, or for the purpose of retire- 

 ment ; and this provision shall be unalterable .save by the vote of 

 the holders of three-fourths of each and every class of stock of tlie 

 company, voting thereon, at a meeting called as provided in the 

 preceding sections of this article. 



THE CANFIELD RUBBER CO. — CHANGE. 

 A CHANGE has occurred in the control of The Canfield 

 Rubber Co. (Bridgeport, Connecticut), through the sale of 

 the stock interest of Mr. Ratcliffe Hicks, long president of 

 the company, to several gentlemen who have been closely 

 identified with its business for a number of years. Mr. 

 Cyrus Morfey, of London, who has handled the European 

 business of the company, has taken a strong interest, the 

 balance being taken by Mr. Theron Davis of New York and 

 Mr. F. N. Benham and Mr. C. F. Holcomb of Bridgeport. 

 The new officers of the company are : F. N. Benham, presi- 

 dent ; Cyrus Morfey, vice president ; C. F. Holcomb, treas- 

 urer ; Theron Davis, secretary. The business, which is the 

 manufacture of dress shields, will be continued as in the past 

 with The Stewart, Howe & May Co. (New York) acting as 

 selling agents in Ignited States. 



Mil FORD RUBBER WORK'i. 

 The Milford Rubber Works, incorporated under the laws 

 of Illinois, have been in operation at Milford (about So miles 

 south of Chicago) in that state, since the beginning of the 

 5-ear. The officers are John L. G. Dykes, president ; E. S. 

 Jones, treasurer; and J. V. Ran, superintendent. The paid 

 in capital is stated to be $50,000. Milford furnished the 

 building and land on bonus contract. The plant comprises 

 a two story brick building with a total of 21,000 square feet 

 of space, a 350 11 p. Corliss engine, and machinery equip- 

 ment for mechanical goods and mold work. The factory has 

 a railroad switch and every facility for quick handling of 

 freight. The companj- are manufacturing the well known 



