370 



THE INDIA RUBBER WORLD 



[August i, 1906. 



NEWS OF THE AMERICAN RUBBER TRADE. 



UNITRD STATES RUBBER CO. DIVIDENDS. 

 r yAHE directors of the ITnited States Rubber Co., at a rcg- 

 I ular meeting on July 5, at the general oflices in 



New York, declared the usual quarterly dividend of 

 2 per cent, on all the shares outstanding of the l-'irst 

 preferred stock of the company, and a dividend of 1 '. jier 

 cent, on the Second preferred stock, for the quarter begin- 

 ning April I, 1906, from the net earnings of the company, 

 payable July 31 to stockholders of record July is,. A state- 

 ment issued from the offices of the company says : " The net 

 earnings for the three months (June partially estimated) are 

 approximately $972,000, not including earnings oi the 

 Rubber Goods Manufacturing Co., excepting dividends 

 amounting to Si 16,277.53 received upon preferred stock of 

 said company in this company's treasury. The net earnings 

 for the corresponding period last year $966,751. 



SEWARD RUBBER CO 'S FACTORY. 



TnK illustration on this page gives a good view of the 



main building of the Seward Rubber Co., recently organized 



to make mechanical rubber goods. The factory is located 



at Berlin Junction (near Hartford). Connecticut. It is of 



brick, 160 ;o feet, and the principal portion three stories. 

 The boiler house and machine shop are separate and not 

 shown in the picture. The company own plenty of land for 

 future extension, and own also a railway siding. 

 THE DERBY RUBBER CO. 

 Tiiii Shelton mills of this company are now in full opera- 

 tion, with a daily capacity of about 15 tons of reclaimed 

 rubber. Tliey are manufacturing the standard and special 

 grades of leclaimed stock. Their Factory \o. 2 has recently 

 been equipped with the most modern machinery, and it is 

 said by some of the trade that they are making the highest 

 grades of reclaimed stock ever produced. Mr. W. F. Askam, 

 who has for the ])ast 25 years devoted his time to the manu- 

 facture of reclaimed rubber, is now the vice i)resident and 

 general manager of The Derby Rubber Co. 



RUBBER RHCI. AIMING LITIGATION SETTLED. 



To THE Editor 01" Tin-: I.vdia Ruhher Worlii : We have 

 the pleasure to advise you that the recent litigation concern- 

 ing rubber reclaiming patents brought against this company 

 by Mr. Mitchell, of the Thiladelphia Rubber Works, and Mr. 



I.oewenthal, of the U. S. Rubber Reclaiming Works, and 

 which the trade journals, some months ago, called attention 

 to, has now been definitely settled and withdrawn ; the fol- 

 lowing order of court having been entered on June 14. 1906 : 



Hefore HolLind, Judge. ITpon the annexed consent of the solic- 

 itors for the respective parties, it is hereby ordered that this 

 cause be, and the .same hereby is discontinued, without cost to 

 either party as .igainsl the other. 



Will you kindly give this a properly prominent notice in 

 an early number and very much oblige. 



Yours very truly, the S. & L. rukher co.. 



James M. Stotksburv Pre,sident. 

 < liester Peiiiisj Ivania .luly 5 1906 



[Thic nature of this suit was reported in Tiik India R!n- 

 HKR World, January i. 1906 — page 131.] 



BOSTON RUBBER SHOE CO 

 The report of condition filed by the Boston Rubber Shoe 

 Co., as of March 31, igo6, with the Massachusetts authori- 

 ties, in compliance with the state law, embodies the follow- 

 ing details : 



ASSETS. 



March 31, 1906 March 31. 1905. 



Real Instate % 768 525 $ 768,525 



Machinery 375,515 375,515 



MerclmiiiHsf and s'ock in process... 3,540,003 4, 454, .340 



Cash and delits receival)le 2,041,384 2,020,197 



* Special contract I'. S. Rubber Co. . 4,800,000 4,800,000 



Miscellaneous 16,620 16,620 



Total $11,542,047 |I2,435,I97 



I.l.VBIl.lTIHS 



Capital stock % 5,000,000 jp 5,000,000 



.\ccouiits payable 428, 1 14 948,464 



lumiled tlelit 4 800,000 4,800,000 



Floating debt 4cx),ooo 



Accrued interest on bonds not due. . 40,000 40,000 



Profit and loss 1.273.933 1.246.733 



Tot.d 111,542,047 112,435,197 



* To pay priiirip.il and inleryst of Debenture Bonds of Boston Rubber Shoe 

 Company as they may mature or he drawn. 



TRADE NEWS NOTES. 



The Firestone Tire and Rubber Co. (Akron, Ohio), it is 

 reported, have leased for a term of years, for use for their 

 Chicago branch, a two story building 25 X 171 feet. 



= The Canadian Rubber Co. of Montreal, I^imited, have 

 just concluded a deal whereby the3' obtain exclusive control 

 of Rubber advertising in all street cars owned and operated 

 in the principal towns and cities in Canada. They are at 

 Ijre.sent running their attractive cards in street cars, adver- 

 tising their " Keystone " side wire lire, and calling atten- 

 tion to their facilities for manufacturing tires fir any class 

 of work. 



= The Falcon Rubber Co. (New Haven, Connecticut) is to 

 be liquidated. This company was incorporated February 

 29, 1904, with $60,000 capital, to manufacture rubber sun- 

 dries, but has not been operating for several months. .Sher- 

 man I". Foote has been appointed permanent receiver in the 

 suit of Fred A. Warner, owner of 50 shares, and others. 



= The strike of the Boston Insulator and Abestos Work- 

 ers' Union for an advance of 50 cents per day, inaugurated 

 on May i, has been declared off. The settlement was re- 

 garded as a compromise. 



