372 



THE INDIA RUBBER WORLD 



(August i, 1906. 



= The Prescott Brothers Rubber Store, No. 159 Suniiner 

 street, Boston, have aiinouncefl the opening of a new (lc])ait- 

 ment, to be devoted to all kinds of waterproof clothing— 

 cravenettc raincoats, automobile clothing, oil yachting cloth- 

 ing and rubber clothing. They say : " Our aim is to have a 

 • rubber store ' worthy of the name, slocked with the 1)cst 

 goods the rubber world produces." 



= Tire selling agencies throughout the countries, repre- 

 senting the companies which for three years past have main- 

 tained an agreement as to out[)ut and prices, have been 

 receiving notices of the termination of such agreement, as 

 forecasted in the July, issue of TuK Indi.v Kukhkk Woiu.u. 



= The Hartford Rubber Works Co. annual meeting was 

 held at Hartford on July 17. The directors chosen then 

 elected officers on July 19. V. B. Lang, of Detroit, succeeds 

 Ernest Hopkinson as one of the vice presidents, of the com- 

 pany. 



PROFITS OF THE AMERICAN CHICLE CO. 



.\T the annual meeting in Jer.sey City, New Jersey, on 

 July 17, of the stockholders of the American Chicle Co., a 

 statement was submitted showing that the profits for the 

 fiscal year ended June 30, 1906, were 51,404.000, an increase 

 of $200,000 over last year. After paying a dividend of 6 per 

 cent, on the preferred stock, amounting to 5iSo,ooo, and i.^ 

 per cent., equal to $780,000. on the common stock — i per 

 cent, extra was paid July 17 in addition to the regular 

 monthly dividend of i per cent.— the surplus for the year 

 was $440,000. During the fical year the company's large 

 plant at Toronto was completed. Their San Francisco fact- 

 ory having been destroyed by the fire, a new one to take its 

 place is being erected at Portland, Oregon. They own 

 factories also at Newark, Cleveland, New Orleans, Louis- 

 ville, Chicago, and London (luigland). .\ considerable ex- 

 tension of the European business was reported. The com- 

 pany's holdings of Chicle producing lands in Mexico have 

 increased to 2,600,000 acres. In connection with their busi- 

 ness the company have developed .some important coloniza- 

 tion in Yucatan and Campeche. The board elected for the 

 new year consists of Thomas Adams, E. E. Beeman, W. J. 

 White, R. F. Tully, G. A. .Stanton, George H. Worthing- 

 ton, J. V. Primley, T. L. Jefferson, John D. Adams, Stephen 

 T. Britten, Henry Rowley, and J. C. Parrish. 



•• RUBBF-R-ITE " STITCHED CANVAS BELT- 



A KEW article of machinery belting is called the Rubber- 

 Ite belt. It is described as a stitched canvas belt, treated 

 with Rubber-Ite, a fluid made from mineral rubber. The 

 latter product being insoluble in acids or alkalies, its use in 

 liquid form was unknown until Mr. F. H. Mcllroy discov- 

 ered the present method of treating it, and the new lielting 

 is the result. It is waterproof, will run through oils and 

 alkalies, has notable adhesive qualities, and little stretch. 

 Made by The Mcllroy Belting and Ho.se Co., Nos. 19-21 

 .South Canal street, Chicago. 



El ECTRIC RUBBER MANIFACTL'RING CO. 



At the first annual meeting of the stockholders of this 

 company held on July 11, at Rutherford, New Jersey, the 

 following officers and directors were elected: James H. 

 George, president; S. F. Robinson, vice president ; William 

 J. Conkling, treasurer; Charles H. George, .secretary; 

 Charles Reynolds. S. D. Sherwood, and Henry .\. Middle- 

 ton, additional directors. The company paid the second 

 semi annual dividend of 3'.. per cent, on July i. 



A MERGER IN WHICH THERE IS NO WATER. 

 TllK Canadian Consolidated Rubber Co., Limited, with 

 headquarters at Montreal and an authorized capital of $5,000. - 

 000, were granted letters patent under the Canadian law, on 

 July 7, to carry on the business of manufacturing and deal- 

 ing in rubber goods. Tiiic India Ribiskk World is advi.sed : 

 " The Canadian Consolidated Rubber Co., Limited, has been 

 organized as a holding company, to control both the Cana- 

 dian RubberCo. of Montreal, Limited, andtheGranby Rubber 

 Co., Limited, of Granbj'. The two last companies will con- 

 tinue doing business separately, as before, except that they 

 will more or less be under one management, and will be con- 

 trolled absolutely by the one interest, viz : The Canadian 

 Consolidated Rubber Co. The interests identified with the 

 Canadian Rubber Co., of Montreal, Limited, hold the con- 

 trolling interest in the new cori)oration. " 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 



United States Rubber Co. : 



SECOND PREFERRED. 



Whek ending— June 2o June 30. July 7- July ■4- July 21. 



.Sales 100 130 1 500 610 25 



High ~%yi 1<) 79 ^ 1<)K 78 



Low ->'^ 'il'/s 11''^ ll'A 78 



NEW INCORPORATIONS. 



The B. & R. Rubber Co. July 11, igo6, under Massachu- 

 setts laws, to manufacture rubber goods; authorized capital, 

 $360,000 — $120,000 in 7 per cent, cumulative preferred 

 shares and $240,000 common. Thomas G. Richards, presi- 

 dent ; Charles C. Beebe, treasurer ; George R. Hamant, 

 Alvin E. .Sortwell, and James A. Gass, additional directors. 

 This company has acquired the plant of the North Brook- 

 field Industrial Co., which is now being remodelled for use 

 as a rubber factory. The plant purchased by the company 

 is well adapted for their purpose, which is the manufacture 

 of molded rubber specialties, insulating tape, fruit jar rings, 

 carriage mats, etc. The company was organized by Messrs. 

 Richards and Beebe and is to be managed by them. It is 

 understood that the stock which they offered for sale was 

 speedily oversubscribed. 



= The Brazilian Rubber Plantation and Development Co., 

 July 6, 1906, under New York laws ; capital, $100,000. In- 

 corporators : Adolph Hirsch, Seymour E. Heymann, and 

 Henry A. Bloomberg, New York city; G. Henry Hirsch, 

 Bahia, Brazil. The Mr. Hirsch first named, and who is 

 l)resident of the new corporation, is the head of Adolph 

 Hir.scli & Co., commission merchants. " The object of the 

 company is to iilant raanigoba rubber on the grounds be- 

 longing to the same in Brazil, with the object of producing 

 manieoba superior to that which has hitherto appeared on 

 the market. " 



= The Wolverine Rubber Manufacturing Co., June 26, 

 1906, under Michigan laws; capital authorized, $12,500. 

 Incorporators : George B. Goble, Detroit, Michigan ; David 

 Craig, Wyandotte, Mich. ; Oliver H. Joy, Akron, Ohio. 



