December i, 1908. 



THE INDIA RUBBER WORLD 



113 



MK. HUNTER PRESIDENT OF THE "PEERLESS." 



At a meeting of the directors of the Peerless Rubber Manufac- 

 turing Co. (New York, November 19) Mr. Charles A. Hunter 

 was elected president of the company, succeeding the late Mr. 

 Charles H. Dale. Mr. Hunter had previously been vice president 

 of the company, and largely in charge of its factory operation 

 since Mr. Dale began giving so large a share of his attention to 

 the affairs of the Rubber Goods Manufacturing Co. Mr. Hunter 

 is also one of the vice presidents of the Rubber Goods company, 

 the New York Belting and Packing Co., Limited, and the 

 Mechanical Rubber Co. The office of president of the last two 

 companies has been vacant since the death of Mr. Dale. 

 * * * 



Mr. William Hillman has accepted the position of general 

 manager of the Peerless Rubber Manufacturing Co., with head- 

 quarters at the main offices of the company. No. 16 Warren street. 

 New York, to take efifect from December l. Mr. Hillman has 

 been connected for 22 years with the Revere Rubber Co. (Bos- 

 ton), latterly as manager of their New York branch, 



NEW INCORPORATIONS. 



Wright & Ditson, October 29, igo8, under the laws of New 

 York state ; capital $50,000. Incorporators : George Wright and 

 John F. Morrill, 344 Washington street, Boston, and Francis G. 

 Coates, 132 Nassau street. New York. The new corporation 

 will cover the business in New York of the long-established 

 sporting goods house under the same name in Boston, the stock 

 of which includes so many articles into which rubber goods 

 enter. 



The Mexican Plantation Association, Inc., November 5, 1908, 

 under the laws of Delaware; capital authorized, $1,800,000. In- 

 corporators : F. M. Shive, S. E. Roberson and Harry W. Davis, 

 all of Wilmington, Del. 



The Mexican Plantation and Colonization Co., November 6, 

 1908, under the laws of Delaware ; capital authorized, $200,000. 

 Incorporators : William I. N. Lofland, William F. P. Lofland 

 and Samuel C. Ware, all of Dover, Del. 



Rubber-Bound Brush Co., November 19, 1908, under the laws 

 of New Jersey; capital, $10,000. Incorporators: Ernest B. 

 Wright and George E. Goodman, New York city; and Herbert 

 V. Hardman, of Belleville, N. J., the latter having been some- 

 time connected with the Hardman Rubber Co., the inventor of a 

 hard rubber handled brush which the new company intend to 

 exploit. 



Bickford & Francis Belting Co., November 14, 1908, under 

 the laws of New York State ; capital, $100,000. Incorporators : 

 R. Kenneth Bickford, W. Morse Wilson and Samuel H. Pooley. 

 Location of business, Buffalo, N. Y. 



The Lightning Hose Co., November 12, 1908, under the laws 

 of Massachusetts ; authorized capital, $200,000. Incorporators : 

 Walter E. Fisher and Edwin C. Fisher, Winchester, Mass., and 

 Sumner A. Gould, Woburn, Mass. 



TRADE NEWS NOTES. 



The manufacture of the Bailey "Won't Slip" tire, tread, under 

 license, has teen taken on by the North British Rubber Co., 

 Limited (Edinburgh, Scotland) ; the Hannoversche Gummikamm- 

 Compagnie Altiengesellschaft (Hannover-Limmer) ; and the 

 Consolidated Rubber Tire Co. (New York), in addition to the 

 already long list of licensees. 



The American Hard Rubber Co. from time to time put on 

 their honor roll the names of employes as they complete the 

 fiftieth year of employment at their factory at College Point 

 (New York), which was established in 1854 as the India Rubber 

 Comb Co. It is probable that no other rubber factory in the 

 United States has an equal number of employes so long in con- 

 tinuous service. The company referred to make a substantial 

 present to those reaching the fifty-year limit, besides continuing 

 them on the pay-roll if this is desired by the employe. 



■UNITED STATES RUBBER CO.'S SHARES. 



TR.\.\SArTiONS on the New York Stock Exchange for four 



wei-ks ending November 21 : 



Common Stock. 

 Week October 31 Sales 1,400 shares High 

 Week November 7 Sales 6.850 shares High 

 Week November 14 Sales 7,000 shares High 

 Week November 2t Sales 2,800 shares High 



For the year — High, p'/2, Aug, 7; Low, 17 yi, Feb, 



Last year — High, s^'Ai Low, i3'/2. 



34 



36I4 

 37V4 

 36 

 26. 



Week October 31 

 Week November 7 

 Week November 14 

 Week November 21 

 For the year — High, 

 Last year -High, 109; 



First Preferred Stock. 



Sales 1,113 shares 

 Sales 3.719 shares 

 Sales 3,760 shares 

 Sales 800 shares 

 106, Nov. 10; Low, 

 ^ ; Low, 61 14, 



High loo'/t 

 High 104J4 

 High 106 

 High los 



76, Feb. 19, 



Low 32^ 



Low 32'4 



Low 35 Va 



Low 34 



Low 99 

 Low ggyi 

 Low 104 

 Low 102 



Second Preferred Stock, 



Week October 31 Sales 25 shares High 67 Low 66}^ 



Week November 7 Sales 1,300 shares High 75 Low 70 



Week November 14 Sales 400 shares High 75 Low 75 



Week November 21 Sales 300 shares High 74^ Low 74 



For the year — High, 75, Nov. 6; Low, 42, Feb. 21, 



Last year — High, 78'A; Low, 39. 



At the offices of the United States Rubber Co. (New York, 

 November 23) it was learned that cable information had been 

 received from Paris, to the effect that the French government 

 bad granted the application, which was made last summer, for 

 the official introduction into France of bearer certificates repre- 

 senting 50,000 shares of first preferred stock of the rubber com- 

 pany. It appears that the French public are accustomed to the 

 use of certificates in small denominations in favor of the bearer, 

 and that in dealing in France in foreign securities it has been 

 found desirable to conform to this custom by an arrangement 

 under which the certificates- of stock are deposited with a trust 

 company, which in turn issues against such stock deposit bearer 

 certificates for circulation in France. The text of these certificates 

 is in French and English. Messrs. Dupont & Furlaud, bankers in 

 Paris, have arranged to deposit from time to time with the 

 Bankers' Trust Co.. in New York, certificates for first preferred 

 stock of the United States Rubber Co., against which the Bank- 

 ers' Trust will issue bearer certificates up to a total of 5-3.000 

 shares. It is these bearer certificates which have now been intro- 

 duced into the French market. Speaking of the French bankers, 

 Mr. Maurice Leon, of New York, who acted as their counsel in 

 connection with this transaction, stated : "This is the first Amer- 

 ican industrial stock to be introduced in this manner on the 

 French market, and this move should be of important advantage 

 to the United States Rubber Co. in broadening the market for 

 their securities." 



TRADE NEWS NOTES. 



The Continental Caoutchouc Co. (New York) offered $4,000 

 in cash prizes for the grand prix race at Savannah, including 

 $2,000 for the first car, $1,250 for the second car and $750 car 

 finishing, if equipped with "Continental" tires. The company 

 offered also $500 in cash prizes to be distributed between second 

 and third cars winning, if equipped with "Continentals." 



The Michelin Tire Co. (Milltown, New Jersey) offered $4,000 

 in cash prizes to the winning drivers in the grand prix race at 

 Savannah — $2,coo for the first, $T.ooo to the second $500 to the 

 third, $300 to the fourth and $2C0 to the fifth— if equipped with 

 Michelin tires. Also $1,000 cash to be distrbutcd to the drivers 

 of the first three winning cars if shod with Michelin tires. 



Mr. C. H. Spotts, formerly manager of the paint department, 

 and Mr. Walter Ferris, assistant, at the general offices of the 

 Joseph Dixon Crucible Co. (Jersey City, New Jersey), are now 

 associated with The Protectus Co., paint makers — Mr. Spotts as 

 secretary and Mr. Ferris as New York n^anager — Hudson Ter- 

 minal building, No. 30 Church street. New York. 



