April i. 1909.] 



THE INDIA RUBBER WORLD 



263 



NEW INCOHPOHATIONS. 



Electrical Insulating and SiKcialiy Co., February 24, 1909, 

 under the laws of Ohio ; capital. $50,000. Incorporators : Samuel 

 S. Jeffries, Dr. H. E. McClery, Joseph McCann, Oren Jeffrie.-;, 

 and O. C, Ingalls. The company will manufacture at Cleveland, 

 Ohio, a substitute for rubber, for insulating and other purposes. 

 Charles C. Clark has been elected president. 



Reliable Rubber Co., February i, 1909, under the laws of New 

 York; capital $15,000. To manufacture rubber clothing, sundries 

 and specialties. Samuel L. Riley, president; Louis Brown, vice- 

 president; John A. Riley, secretary, Horace E. Patrick, treas- 

 urer ; Henry G. Gerhard, superintendent. Main office : Tuckahoc, 

 N. Y. ; factory, Hronxville, N. Y. 



Philadelphia Rubber Paint Co., February 11, 1909, under the 

 laws of Delaware: capital authorized $100,000. Incorporators: 

 Charles W. Lamon, Boylston J. Gossler and W. I. N. Lofland. 



Jamison-Semple Co., March 3, 1909, under the laws of New 

 York ; capital $30,000. To make surgical rubber goods. Incor- 

 porators : James Gough Jamison (No. 309 West Ninety-thinl 

 street), Thomas D. Semple and Bernard .N. Jamison, .-ill of Nrw 

 York City. 



AN ASBESTOS MONOPOLY. 



Rki'ORTs from Canada are that an important merger of as- 

 bestos interests has taken place, under the style Amalgamatccl 

 .•\sbestos Corporation, Limited, with a capital of $17,500,000, ■>[ 

 which $7,500,000 in first mortgage bonds, $1,875,000 in cumulative 

 7 per cent, preferred shares, and $8,125,000 in common shares. 

 It is estimated that the new corporation will control 70 p.;- 

 cent, of the world's present production of asbestos. 



REMOVAL OF THE ARCHER RUBBER CO. 

 The .\rcher Rubber Co. (Milford, Massachusetts), have re- 

 moved to the factory building formerly occupied by the Milford 

 Rubber Co.. in the same town. The sale of the premises to Frank 

 P. Lee was reported in these columns last month. Mr. Lee 

 is treasurer of the Archer Rubber Co., incorporated something 

 over two years ago to engage in the waterproofing trade ; the 

 president is Calvert B. Archer, formerly superintendent of the 

 Milford Rubber Co. 



INCREASE OF CAPITAL. 



The Seamless Rubber Co. (New Haven) have filed with the 

 secretary of state of Connecticut a certificate of increase of 

 their capital stock from $300,000 to $400,000. It is under- 

 stood that an important programme of 'business extension is be- 

 ing developed by the company. It is just seventeen years since 

 The Indi.\ Rudher World reported an increase in the capital of 

 the Seamless company from $50,000 to $100,000,' and such in- 

 creases have continued to be made until the total nt)w reaches 

 the large figure mentioned aljovc. 



HEANY INStn-ATED WIRE INTERESTS. 



A NEW company called The Ileany Co. has been organized 

 under the laws of New Jersey, to take over the business of The 

 Heany Fireproof Wire Co. and of the Teter-Heany Develop- 

 ment Co., both with plants at York, Pennsylvania. The capital 

 stock is $3,500,000, and the main office is at No. 25 Broad 

 street. New York. The tungsten lamp business will be in 

 charge of a subsidiary corporation, the Heany Lamp Co. The 

 interests involved arc the same as those that control the Hahir- 

 sliaw Wire Co. (New York), several members of the Mabirshavv 

 board holding seals in that of The Heany Co. 



■•THERMOID" BRAKE LINING FOR MOTOR CARS. 



An unusually attractive publication entitled "The Automobile 

 of 1909" is an album of views of more than a .score of lead- 

 ing makes of automobiles, interspersed with fine photogravures 

 of motoring scenes in different parts of the country. In con- 

 nection with each make of motor car mentioned its specifica- 

 tions are given, and in each case the brakes are mentioned as 

 being lined with "Thermoid," which is manufactured by the 

 Trenton Rubber Manufacturing Co. (Trenton, New Jersey). 



TRADE NEWS NOTES. 



The regular quarterlx- dividend of $2 per share on the stock of 

 the Boston Belting Co. is payable on April i. 



The quarterly dividend of 2'/^ per cent, of Westinghousc Air 

 Brake Co. is payable April 10. 



The directors of the Corn Products Refining Co. (New Y'ork) 

 on March 16 declared a quarterly dividend of 2 per cent, on the 

 preferred stock, making 5 per cent, for the year, the last three 

 previous dividends having been I per cent, quarterly. 



The directors of the Canadian General Electric Co., Limited, 

 have declared a quarterly dividend of i.)4 per cent, on the 

 common shares, payable on April i. 



The Boston-Panama Timber and Rubber Co., the incorporation 

 of which was reported in the last India Rubber World, has 

 been planned to engage in the hard wood export from the "Rio 

 Congo" timber tract in the Republic of Panama, and incidentally 

 to develop any other interests for which this region may bo 

 suited, including the collection of wild rubber. Charles G. 

 Brazier, of Collins & Fairbanks Co., No. 381 Washington street, 

 Boston, is among those interested. 



The Commercial Cable Co. will lay a submarine cable between 

 New York and Newfoundland, 1,700 miles in length, at a cost of 

 $1,500,000 or more. The cable will be built up by the Telegraph 

 Construction and Maintenance Co., Limited (London), and 

 under the contract is to be in operation not later than August 1. 



Mr. B. T. Morrison, having retired from active business, after 

 having been identified with the rubber trade for twenty-three 

 years, latterly as treasurer, -and general manager of the Read- 

 ing Rubber Manufacturing 'Co. (Reading, Massachusetts), Mr. 

 William H. Marland has be^iv elected treasurer of this company. 



J. & H. Phillips, dealers in rubber goods and linoleums at 

 No. 136 Sixth street, Pittsburgh, since 1855. have leased for ten 

 years a new building on Liberty avenue, which they will occupy 

 in future. Five members of the firm arc heirs of an estate to 

 which the Sixth street building belongs, and the building has been 

 vacated by the firm' to facilitate a division among the heirs. 



Tlic Massachusetts Chemical Co. are. making further additions 

 to their plant at Walpole, Mass. The present addition is to 

 accommodate the increase in the business of the molded rubber 

 department. Bushings, pump valves, rubber mats and car steps 

 are also some of the specialties of the rubber department of the 

 Massachusetts Chemical Co. 



The Buffalo (New York) office of the New York Belting and 

 Packing Co., Limited, has been removed to No. 260 Carolina 

 street. 



The Merchants' Association of New York has taken action 

 protesting against a proposition now being considered by the 

 ways and means committee of the house of representatives at 

 Washington, having in view a change in the basis of assessing 

 dutiable values from the present basis of current market values 

 in the country of export to the selling price in the LTnited States. 



The Monroe Rubber and Metal Co. (Rochester, New York), 

 have certified to the secretary of state an increase of capital stock 

 from $3,500 to $7,000. Abraham E. Hork is president and 

 Joseph Marine secretary. 



The Empire .Automobile Tire Co. (Trenton, New Jersey) are 

 erecting a large addition to their plant — a duplication of the build- 

 ing put up a year ago. 



Mr. Alexander O. Holroyd, who came to the United States 

 with the first introduction here of the Dunlop tire, and latterly at 

 the Hartford Rubber Works Co., as manager of their Dunlop 

 tire department, has gone to Daytona, Florida, as manager of 

 the Prince George Hotel there. 



The Fisk Rubber Co. (Chicopce Falls, Massachusetts), are re- 

 ferred to as having closed a contract for equipping with their 

 removable rims and bolted-on tires all the machines which may 

 he turned out this year by the Webb Motor Fire Apparatus Co., 

 of Vincennes, Indiana, the initial order calling for 50 sets of 

 60 V 40 tires. 



