402 



THE INDIA RUBBER WORLD 



[August r, 1909. 



News of the American Rubber Trade. 



SALE OF THE ATLANTIC RUBBER SHOE FACTORY. 



Tl 1 E factory l)uilding at Cranston, near Providence, Rhode 

 Island, erected in 1903 by tlie Atlantic Rubber Shoe Co., and 

 in which operations ceased in 1904, has been purchased by 

 the Ma.xwell-Briscoe Motor Co., who have taken possession and 

 are transforming it to suit their purposes. The land, buildings 

 and machinery were purchased at auction November 2, 1906, 

 by William H. Perry, of Providence, for $137,000. The Max- 

 Avell-Briscoe Co. take title from Mr. Perry, the consideration 

 •stated in the papers being $121,000. A provision that the deed 

 ;stipulates that the new owners shall not engage in the manu- 

 facture of rubber goods. 



The Maxwcll-Briscoe Co. have factories at Tarrytown, New 

 York, and Newcastle, Indiana, and' thus will have three plants 

 in operation for the coming season, when they expect to build 

 I. COO cars, of an aggregate value of $1,000,000, 



REMOVAL OF A RUBBER FACTORY. 



The Flexible Rubber Goods Co., Inc., are removing their plant 

 from Winsted to Salisburj-, Connecticut, where tWey will occupy 

 the old bicycle factory. John E. MacEwen, some time with 

 the Davidson Rubber Co., it is stated, is to be superintendent. 

 The Flexible company recently increased their capital to $35,000. 

 The flexible suction cup shoe and the military rubber horse brush 

 made by the company have already attained a wide reputation at 

 home and abroad. The company are also planning to manu- 

 facture an automobile suction tire. 



NEW FACTORY CONSTRUCTION. 



Work was started recently on an addition to the premises 

 of the American Hard Rubber Co., at College Point — a three- 

 story brick building 45x95 feet, to be used as a machine shop. 



The Rockland Webbing Co. (Rockland, Massachusetts), are 

 enlarging their plant. Work was begun during the month on 

 a two-story addition 70x52 feet. 



The Fairfield Rubber Co. (Fairfield, Connecticut) on July 7 

 opened a new shipping room, which had just been finished. 



NEW FIRM IN RUBBER CEMENT. 



Fred M. P.\ge & Co., Nos. 74-76 Brookline street, Lynn, Massa- 

 chusetts, have added to their line of shoe findings the manu- 

 facture of rubber cement. The company lately purchased the 

 plant of the Hadley Cement Co., and the manufacture of cement 

 by them will be in charge of Albert H. Hadley, who was 

 president of the latter company. Their capacity is mentioned 

 as being from 90 to 125 barrels a day. 



UNITED STATES RUBBER CO.— DIVIDEND. 



The directors of the United States Rubber Co., on July I, 

 declared from net profits the regular quarterly dividend of 2 

 per cent, on the first preferred shares, and the regular quarterly 

 dividend of lyi per cent, on the second preferred shares, payable 

 on July 31, to holders of record on July 15. 



WOONSOCKET RUBBER CO.— SHUTDOWN. 



The following notice is posted at the .MiUville factory of the 

 Woonsocket Rubber Co. : "In order to make extensive repairs and 

 alterations it will be necessary to shut down this mill for the 

 month of August. Last day's making Friday, July 30. First 

 day's making on starting Tuesday, September 7." 



The employes of the "Alice" mill at Woonsocket are to be given 

 a vacation and the mill will probably be shut down for a period 

 of two weeks, ending with September 7, which is Labor day. 



HOOD RUBBER CO.— EXTENSION. 



The Hood Rubber Co. are reported to be planning to manu- 

 facture their own requirements in felt, for which purpose another 

 building is to be added to their already large plant, at Water- 



town, Massachusetts. The valuation of the company's property, 

 for taxation, will probably be more than $1,000,000; last year it 

 was over $900,000. Under a new law which goes into effect this 

 year one-half of the corporation taxes assessed on the stock held 

 by the stockholders go to the town where the corporation is in 

 business, so that Watertown has an additional reason for interest 

 in the growth of the Hood factory. 



UNITED STATES RUBBER CO.'S ISSUES. 



Tr.\nsactions on the New York Stock Exchange for four 

 weeks, ending July 24; 



Common Stock.' 

 Week July 3.... Sales 550 shares 

 Week July 10. . . . Sales (>oo shares 

 Week Juh' 17.... Sales 1,000 shares 

 Week July 24.... Sales 1,200 shares 

 For the year — High, 42J/2, June 4; Low, 27, 



High 

 High 

 High 

 High 

 Feb. 24 



38 

 39 



39H 



Low 

 Low 

 Low 

 Low 



38K. 



38 



381/4 



38;4 



Last year — High, sy'/z; Low, lyVi. 



First Preferred Stock. 



Sales 650 shares High n6j4 



Sales 900 shares High ii7f:t 



Sales 2,540 shares High 118 



Sales 1,354 shares High ll7!/8 



Week July 3. 

 Week July 10. 

 Week July 17. 

 Week July 24 



For the year — High, ii8J4, June 7; Low, 9S, Jan. 29. 

 Last year — High, 



Low IIS^ 



Low 117^ 

 Low 115^ 

 Low ii6j4 



High 

 High 

 High 



Feb. 25. 



825^ 



84M 

 83 



Low 

 Low 

 Low 

 Low 



82 



83/2 

 83 



Low 105 

 Low 105 !4 

 Low 105 

 Low 1057/s 



108; Low, 76. 

 Second Preferred Stock. 

 Week July 3.... Sales 500 shares High 



Week July 10.... Sales shares 



Week July 17.... Sales 400 shares 

 Week July 24.... Sales 150 shares 

 For the year — High, 85, June 4; Low, 671/2, 

 Last year — High, 75/4; Low, 42. 



Six Per Cent. Certificates. 

 Week July 3.... Sales 54 certs. High i05»/> 

 Week July 10. . . . Sales 47 certs. High 1055^ 

 Week July 17.... Sales 38 certs. High losyi 

 Week July 24. . , . Sales 70 certs. High 106 



TRADE NEWS NOTES. 



The National India Rubber Co. (Bristol, Rhode Island), were 

 the successful bidders for rubber insulated lead covered under- 

 ground cables for the city of Buffalo, New York, to be used 

 for putting underground the cables of the fire and police de- 

 partments. The amount of their bid was $40,433.05. 



It is announced that a Montreal syndicate headed by Mr. D. 

 Lome McGibbon, president of the Canadian Consolidated Rubber 

 Co., Limited, have acquired 100,000 shares in the La Rose Con- 

 solidated Mines Co., in Canada, giving rise to the suggestion that 

 Mr. McGibbon would join the board of directors. 



The Pennsylvania Rubber Co. (Jeannette, Pa.) have arranged 

 for the insurance of all inner tubes of their make which go into 

 use in Pennsylvania casings this year, the insurance to cover all 

 damage except such as may result from tires being driven 

 deflated. 



The Firestone Tire and Rubber Co. (Akron, Ohio) are open- 

 ing a branch at Seattle, Washington, at No. 918 East Pike street, 

 under the management of E. L. Campion. This is the tenth 

 branch established by the company, in addition to the 25 general 

 distributing agencies for Firestone tires and demountable rims. 



A convention of branch managers of the Ajax-Grieb Rub- 

 ber Co. was held at the factory, at Trenton, New Jersey, July 

 28-31. It was attended by representatives of the company from 

 as far west as Seattle and San Francisco. 



The Gummi-Zeilunif reports: "We have been informed that Dr. 

 Hugo Herzfelder intends to resign his oflice as chief superin- 

 tendent of the Actiengesellschaft fiir Luftlos-Elastische Falir- 

 zeugbereifung (Airless Elastic Vehicle Tire Co.), and to utilize 

 his process for his own account. Dr. Herzfelder, who has been 

 engaged for the past fifteen years in practical work, was employed 

 during four years in American rubber works." 



