324 



THE INDIA RUBBER WORLD 



[June i, 1909. 



the country, the profits have not been correspondingly 

 decreased. 



"The larger part of the decrease in sales in 1908 was 

 due to a falling off in the railroad demand for air-brake 

 hose, steam hose and other material, a demand which re- 

 cently has decidedly improved. 



"The automobile tire business increased, the sales having 

 been the largest of any in the history of the company, and 

 a still larger volume for the year 1909 is indicated by the 

 present condition of orders. Owing to the greater demand 

 for our tires, it has been necessary to enlarge the capacity 

 of the plants where the 'Hartford,' "Morgan & Wright' 

 and 'G & J' tires are manufactured, and we are confident that 

 the tires manufactured by these companies continue to be 

 the best on the market. 



"All of the plants of the company have been maintained 

 in excellent condition, and in many instances extensive 

 improvement and additions have been made." 

 Stockholders. — Our list of stockholders now numbers 6,.'?oo, 

 an increase of 1,055 during the year. We have endeavored to 

 make our stockholders more intimately acquainted with the 

 conduct of our business, and have, during the year, called their 

 attention to brands of rubber footwear and automobile tires 

 which are manufactured by our various companies, endeavoring 

 to secure their co-operation and influence in building up and 

 making more valuable the properties in which they are interested. 

 Respectfully submitted. 



SAMUEL P. COLT, President. 

 New Brunswick, New Jersey, May i8, 1909. 



THE ANNUAL ELECTION. 



Two new names appear in the list of directors chosen thjs 

 year. The late Charles H. Dale is succeeded by Edware Rice, 

 the company's manager of sales. The number of directors has 

 been increased to twenty, and the new position on the board filled 

 by the election of William H. Moore, of New York, a director 

 in the United States Steel Corporation, the First National Bank 

 of New York, and various railways and other important com- 

 panies. The board is now composed as follows, the figures indi- 

 cating the number of successive annual elections of the respec- 

 tive directors : 



Walter S. Ballou, Providence, Rhode Island. I".] 

 Elias C. Benedict, No. 80 Broadway, New York. [8.] 

 Anthony N. Bradv, No. 54 Wall street. New York. [6.] 

 Samuel P. Colt, Bristol, Rhode Island. [18.] 

 Harry E. Converse, Boston, ^Massachusetts. (12.] 

 James B. Ford. No. 42 Broadway, New York. [iS.] 

 J. Howard Ford, No. 42 Broadway, New York. [18.] 

 Frank S. Hastings, No. 80 Broadway, New York. [5.] 

 Francis L. Hine, No. 2 Wall street. New York. [7.) 

 Henry L. Hotchkiss, New Haven, Connecticut. |iS.| 

 Arthur L. Kelley, Providence, Rhode Island. [4! 

 Lester Leland. Boston,, Massachusetts. [11.] 

 William H. Moore, No. 71 Broadway, New York, [i.] 

 Edward R. Rice, No. 42 Broadway, New York. |t.] 

 Homer E. Sawyer, No. 42 Broadway, New York. [4.] 

 Frederick M. Shcpard, No. 787 Broadway, New York. [18.] 

 Francis Lynde Stetson, No. 15 Broad street. New York. [8.] 

 William H. Truesdale, No. 26 Exchange place. New York. [5.] 

 John D. Vermeule, No. 503 BroadwaV, New York. [1.3.] 

 John D. Watson, Jr., No. 42 Broadway, New York. [5.] 

 The newl3' elected board met in New York on May 21 and 



after organizing reelected the following officers and executive 



committee: 



President — S.xmlel P. Colt. 



First I'ice-President — James B. Ford. 



Second I'ice-Pj-esidenl — Lester Lei,.\ni). 



General Manager — Homer E. Sawyer. 



Treasurer — John J. Watson, Jr. 



Assistant Treasurer — W. G. Parsons. 



Secretary — S.^ M uel Norris. 



Assistant Secretary — John D. Cakberrv. • 



The executive committee consists, as hitherto, of Samuel P. 

 Colt. James B. Ford, Lester Leland. E. C. Benedict. AYalter 

 S. Ballou. Anthony N. Brady-, and John J. Watson, Jr. 



BUSINESS OF THE COMPANY. 



The following table, showing the amount of net profits of 

 the United States Rubber Co. and the amounts disbursed in 

 dividends since the organization of the company, has been com- 

 piled from the printed reports of the successive treasurers of 

 the corporation : 



Ye.\r Ending — Net Profits. Dividends. 



S^;;;^: ::::;:::::::::::::; I [Not Published.] 



March 31. 1895 $2,716,370.00 $2,056,190.00 



March. 31. 1896 2.339,790.60 1,552,040.00 



March 31, 1897 1.999,611.34 1,552.040.00 



March 31, 1898 2.070,750.41 1,552,040.00 



March 31, 1899 3,226,513.46 1,882,040.00 



^larch 31, 1900 3,007.887.54 2,828,680.00 



March 31. 1901 62,605.57 705,765.00 



March 31, 1902 deficit , none 



March 31, 1903 1,594,908.16 none 



March 31, 1904 1,575,641.29 none 



March 31, 1905 3,761,922.63 1,882,040.00 



March 31, 1906 3,881,270.23 2,846,092.00 



March 31, 1907 4,590,382.72 3,485,956.00 



March 31, 1908 3.553.556.14 3.495.448.0O 



:March 31, 1909 4.507,655-39 3.498.940.00 



The net profits reported above, prior to March 31, 1902, are 

 for the United States Rubber Co. alone, in its distinct corporate 

 capacity. In the year in which a deficit occurred in the accounts 

 of the parent company, it is understood that in the aggregate the 

 business of the subsidiary companies would have shown a surplus. 

 For the subsequent years the figures are derived from con- 

 solidated reports of the "United States Rubber Co. and Sub- 

 sidiary Companies," covering their total income, but not includ- 

 ing details for the Rubber Goods I^Ianufacturing Co.'s transac- 

 tions further than the dividends from the latter accruing to the 

 United States Rubber Co. during the last four years. The 

 dividends paid in 1900-01 were declared in the first half of the 

 year, when the condition of the company appeared better than 

 later proved true, the net result l>eing a reduction of the surplus. 



UNITED STATES RUBBER CO.'S SHARES. 



Transactions on the New York Stock Exchange for four 

 weeks, ending ;\Iay 22 : 



Common Stock. 



Week May i Sales 1,300 shares High 33^:J Low 325^ 



Week May 8 Sales 32,200 shares High 40 Low 32S/S 



Week May 15 Sales 17,730 shares High 40^4 Low 38 



Week May 22 Sales 4,100 shares High 39^^ Low 38^ 

 For the year — High, 40^, May 10; Low, 27, Feb. 24. 

 .Last year — High, 3-J4: Low. 17"^. 



First Preferred Stock. 



Week May i Sales 5,00 shares High 104J4 Low 104V4 



Week May 8 Sales 23,746 shares High 11 1^4 Low 104^ 



Week May 15 Sales 7,575 shares High 112 Low iio 



Week May 22 Sales 2,538 shares High in Low no 



For the year — Higli, 112, May 10; Low, 98, Jan. 29. 



Last year. High, 108; Low, 76. 



Second Preferred Stock. 



Week May i Sales 500 shares High 72 Low 72 



Week May 8 Sales 5,goo shares High 78^ Low 71^ 



Week May 15 Sales 2,700 shares High 78 Low 78 



Week May 22 Sales 1,525 shares High 78^4 Low 78 



For the year — High, 79, May 10: Low, 675.2;. Feb. 25. 



Last year — High, 75^; Low, 42. 



Six Per Cent. Certificates. 



Week May 8 Sales 128 certs. High 1045-i Low 104-)^ 



Week May 15 Sales 59 certs. High I04!.<^ Low 104 ^-s 



Week May 22 Sales 142 certs. High I04!,4 Low 104^^ 



A CANKER disease affecting Fitntuniia elastiea has been brought 

 to the notice of the authorities at Kew, and is reported on in 

 the Bulletin (No. 3 — 1909). The fungus causing it has been 

 identified by G. Massee as Xectria funtumicc. It is believed 

 that remedial measures similar to those undertaken in Ceylon, 

 where the Hevea rubber has been attacked by another species of 

 Nectria with good re;.ults, will prevent the spread of the disease 

 in the case of Funtninia. 



