OCTOBEK I, 1908.] 



THE INDIA RUBBER WORLD 



47 



News of the American Rubber Trade. 



IT is stated that tlie condition of the business of the United 

 States Rubber Co. has been such during the first half of the 

 fiscal year beginning April i last that the first and second pre- 

 ferred dividends have been fully earned. This is a belter show- 

 ing than some of the directors anticipated at the beginning of 

 the fiscal year, when it was thought that it might be necessary 

 to draw upon the surplus somewhat in order to maintain the 

 regular dividends. The condition of the company is otherwise 

 indicated by the fact that the company's preferred shares of late 

 have been quoted at par or higher, after having declined, during 

 the period of business as low as 6ij4- Tlie highest price last 

 year — before the depression — was 109%. 



TENNIS SHOE PRICES. 



The United States Rubber Co. on September i issued a new 

 price list of tennis shoes made at the Goodyear Glove factory, 

 in Naugatuck. List prices remain the same as last year on 

 "outing" and "Racquet" styles, but there has been a slight ad- 

 vance on the "Athlete." The Glove company this year have a 

 new feature — an extra strong high grade shoe for basket ball 

 players. 



A TRYING TIME FOR TIRES. 



The Vanderbilt Cup race this year is to occur on October 24, 

 in Nassau county. Long Island, near New York city. The course 

 is 25.4 miles, and the total distance 250 miles. By the way, Mr. 

 William K. Vanderbilt, Jr., the donor of the trophy for this 

 annual event, is reported in the newspapers to have given up 

 automobile racing so far as he is personally concerned, after 

 having done so much on both sides of the Atlantic to promote 

 automobiling as a sport. 



DIXON COMPANY PERSONALS. 



Mr. John M. Ready, manager of the New York branch of the 

 Joseph Dixon Crucible Co. (Jersey City, N. J.), before settling 

 down in that position had traveled in every American state and in 

 Mexico, and during the pa.st summer made a trip to Europe, from 

 which he returned during the first week of the past month. Mr. 

 George T. Smith, vice president of the Dixon company, at the 

 recent convention in Boston of the National Association of 

 Stationers and Manufacturers — where the company, by the way, 

 had five representatives — was elected a director of that body. 



RUBBERS AT A SHOE FAIR. 



The rubber shoe trade was well represented at the third Na- 

 tional Shoe and Leather Fair, held in the Coliseum, in Chicago, 

 Aug. 26-Sept. 2. The Hood Rubber Co. (Boston) had a display, 

 and others were made by the Chicago agencies and branches of 

 a number of the rubber footwear manufacturers. An ex- 

 hibit was made by the Marion Rubber Co., a rubber footwear 

 jobbing house of Marion, Indiana. Morgan & Wright (Detroit, 

 Michigan) had a display in the findings department and the 

 Western Electric Co. (Chicago) among the shoe machinery 

 exhibits. The Rubberhide Co. (Boston) were also exhibitors. 



RUBBER GOOBS DIVIDEND. 



The directors of the I'IuMk-T (ioods .Manufacturing Co. (New 

 York, September 2) declared the thirty-eighth regular quarterly 

 dividend of i}i per cent, on the preferred shares, out of earn- 

 ings, payable September 15. 



A BANKRUPT TIRE CONCERN. 



A PETITION in bankruptcy has been filed against Van's Auto 

 Tire Co., No. 792 Seventh avenue, New York, by three creditors, 

 two of whom are rubber tire manufacturers. The company 

 was incorporated February 24, 1908, under the laws of New York 

 state, with $10,000 capital authorized, to deal in automobile tires 

 and accessories. Frank Van Tassel, No. 220 West Forty-eighth 



street, was one of the incorporators and later was president 

 and active manager. 



FINAL DIVIDEND DECLARED. 



A FINAL dividend has been declared in the matter of the bank- 

 ruptcy of the Milwaukee Rubber Co. (Cudahy, Wisconsin), the 

 total of dividends aggregating $79,001.50, or a total of 3114 per 

 cent, on the liabilities of the company, which were $257,525.62. 

 The bankruptcy was reported in The India Rubber World April 

 I. 1906 (page 238). The plant of the company was acquired and 

 continued in operation by another corporation. 

 NEW INCORPORATIONS. 



MicHELiN Tire Co., of Massachusetts, under the laws of Mas- 

 sachusetts, with $10,000 capital, to control the business in that 

 State of the Michelin Tire Co. ; headquarters in Boston. J. C. 

 Matlack and Emile Fontaine, of Milltown, New Jersey, are re- 

 spectively president and treasurer, and L. H. Fiske, of Boston, 

 clerk. 



Wilkie Rubber Manufacturing Co., September 5, 1908, under 

 the laws of Massachusetts; capital, $95,000, now reported to be 

 fully issued and paid. Incorporators: Robert J. Wilkie and 

 Arthur S. Brock, Lynn, Mass.; Annie L. Learning, Saugus, Mass. 



Chester Auto and Tire-Filling Co., September 15, 1908, under 

 the laws of New York State; capital, $50,000. Incorporators: 

 Theodore Chester, Sudbury, Pennsylvania; Asbury J. Chester 

 (No. 82 Arnold street) and H. C. Harrison, BufTalo, N. Y. Prin- 

 cipal office : Buffalo, N. Y. 



UNITED STATES RUBBER CO.'S SHARES. 



Transactions on the New York Stock Exchange for five 

 weeks, ending September 26: 



Common Stock. 



Week August 29 Sales 1,600 shares High 34^ Low 33 



Week September 5 Sales 800 shares High 35 Low 34 



Week September 12 Sales 1,300 shares High 34 Low 32j4 



Week September 19 Sales 2,900 shares High 34 Low 29^ 



Week September 26 Sales i,Soo shares High 30^ Low 28^ 



F<.r the year— High. 371/2, Aug. 7; Low, iji/^, Feb. 26. 



Last year— High, s^'A; Low. 13J/2. 



First Preferred Stock. 



Week August 29 Sales 1,100 shares High 100^ Low 90 



Week September 5 Sales 1,273 shares High looj^ Low 100}^ 



Week September 12 Sales 1,275 sliares High lor Low 100 



Week Septeinber 19 Sales 2,322 shares High 100^ Low 98 



Week September 26 Sales 670 shares High g9V< Low 95J4 



For the year — High, 102.)^, Aug. 7; Low, 76, Feb. 19. 



Last year — High, iog%; Low, 61^. 



Second Preferred Stock. 



Week August 29 Sales shares High ... Low ... 



Week September 5 Sales 500 shares High 73 Low 70 



Week September 12 Sales shares High . .". Low ... 



Week September 19 Sales 200 shares High 68 Low 63 



Week September 26 Sales 100 shares High 63 Low 63 



For the year — High, 74, Aug. 7; Low, 42, Feb. 21. 



Last year — High, 78'A; Low, 39. 



TRADE NEWS NOTES. 



The Rubber Republic Co. (Youngstown, Ohio) issue a 

 folder which is interesting as relating to the largest fire hose 

 award ever made— 97,000 feet for the fire department of New 

 York. Full details are given of the tests made for this hose. 



The Omaha Rubber Co. (Omaha, Nebraska) have removed 

 into new quarters, which President E. H. Sprague states will 

 give them nearly double their former floor capacity. 



The Courtney Rubber Co., who are manufacturing a special 

 make of tires and some meclianical goods at Plainfield, New 

 Jersey, have established their New York offices at No. 1976 

 Broadway. 



