NOVEMDER I, 1904.] 



THE INDIA RUBBER WORLD 



61 



those now in control had come up with the intention of re- 

 electing Mr. Miner as president, and they deeply regretted his 

 intention to retire. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 

 United States Rubber Co. : 



Rubber Goods Manufacturing Co. ; 



THE NEW FISK RUBBER CO. 

 [See The Lndia Rubber World, September 1, 1904— page 430.] 



A NEW corporation has been formed, under the laws of 

 Massachusetts, with a capital of $600,000, under the name of 

 The Fisk Rubber Co., to succeed the Fisk Rubber Co., manu- 

 facturers of tires at Chicopee Falls, which has been in the 

 hands of a receiver since October, 1903. Harry T. Dunn, gen- 

 eral manager of the old company, is president; Alfred N. 

 Mayo, the assignee and largest creditor, is treasurer; and 

 Harry G. Fisk, president of the old company, clerk of the new 

 corporation. These also form the board of directors. The 

 capital is divided into an equal number of shares of preferred 

 and common stock. Shareholders of the old company receive 

 for each share, one share each of preferred and common stock 

 in the new corporation. The creditors receive 5 per cent, in 

 cash and 100 per cent, in new preferred stock, except that all 

 claims less than $100 are paid in cash. It is intended to retire 

 $50,000 par value of the preferred stock annually, though any 

 part of it may be retired at any time at par and 6 per cent, in- 

 terest. Preferred shareholders are entitled to 6 per cent, divi- 

 dends, payable semi-annually. During the whole time that the 

 concern has been in the hands of a receiver the business has 

 been on a good scale, and now that ample capital is assured 

 the new company feel that the prospects are good for the fu- 

 ture. Already extensive additions have been made to the 

 manufacturing plant, which it is expected will double its ca- 

 pacity. A new building is under way, four stories, brick, 

 120 X 50 feet, beside an addition to the boiler house, 25 X 35 

 feet, to accommodate two extra boilers. It is anticipated that 

 the additions will be completed, equipped, and fully running 

 by January I. The company announce that the management 

 will be practically the same as in the past, and the line of 

 manufacture will remain unchanged — pneumatic bicycle, car- 

 riage, and automobile tires. 



PHILADELPHIA RUBBER WORKS TO BUILD. 

 The Philadelphia Rubber Works have awarded a contract 

 for extensive building operations at Schoolkill avenue and 

 Reed street, Philadelphia — a site recently purchased from the 

 bankrupt Watkinson company for more than $100,000 — which 

 will represent a total expenditure of upward of $250,000. The 

 present building on the grounds, which was long used by the 

 Watkinson company for the manufacture of rubber shoes and 



boots, is a two-story affair, 120 X 150 feet. This is to be en- 

 tirely remodeled on modern lines, and equipped with up-to- 

 date machinery. In addition, a boiler house will be con- 

 structed of fireproofing material, which will be 29 x 86 feet. 

 In this building will be installed boilers capable of generating 

 1500 HP. There are also to be erected an engine and pump 

 house 48 X 56 feet, a mill 60 X 120 feet, and devulcanizing 

 building 49 X 58 feet. Both the mill and the building to be 

 used for devulcanizing purposes will each be three stories in 

 height. The girders will be of slow burning mill construction, 

 and will be put through a special fireproofing test before being 

 installed. Brick tower fire escapes will be features of each of 

 the buildings, and in addition automatic sprinklers will be in- 

 stalled on all floors. William Steele & Sons have the contract 

 and work is to begin at once. 



THE DIAMOND RUBBER CO. (aKRON, OHlO). 



Ai the annual meeting of this company, on October 11, the 

 reports presented indicated that a good year's business had 

 been done. The board of directors elected consists of F. A. 

 Hardy, A. H. Marks, W. B. Miller, A. H. Noah, Ohio C. Bar- 

 ber, J. K. Robinson, and R. C. Lake. Mr. Lake, who is a resi- 

 dent of Chicago, is the only new member of the board, having 

 been chosen to succeed Waller B. Hardy, now residing in 

 London. The officers were reelected, as follows : 



President— V. A. Hardy. 



Vice President and SiipirintenJent — A. H. MARKS. 



Secretary — W. B. MiLI.ER. 



Treasurer— h. II. NoAH. 



On October 24 work was commenced on an important addi- 

 tion to the company's office building. It is to be a brick struc- 

 ture, two stories high, and about 50 X 80 feet, adjoining the 

 present offices on Falor street. 



UNITED STATES RUBBER CO. — DIVIDEND. 

 The directors, at a meeting in New York on October 6, de- 

 clared a dividend of lYi per cent, on the preferred shares of 

 the company, from the net earnings of the fiscal year beginning 

 April I, 1904, payable December 15 to shareholders of record 

 November 30. The amount to be disbursed is $352,882.50. 

 This is the second \% per cent, dividend declared out of this 

 year's earnings, and the third declared since the resumption of 

 dividends, last spring. A statement given out by the company 

 is that the net earnings for the fust half of the fiscal year 

 (those for September being partially estimated) were $2,055,- 

 941.43, leaving a surplus, after paying the two dividends, of 

 $1,350,17643. Last year the net earnings for the first six 

 months were stated at $884,011. It is reported that plans 

 have been completed for retiring $2,000,000 of the funding 5 

 per cent, notes of the United States Rubber Co., due March 1 5 

 next, and the extension of the remaining $8,000,000 of the issue 

 of March, 1902, for 3^ years.==The General Rubber Co., in- 

 corporated in New Jersey March 24, 1904, to engage in trading 

 in crude rubber, and which is controlled by the United States 

 Rubber Co., has been actively establishing connections with 

 primary markets. Its formation has been part of the plan of 

 the manufacturing company for the more direct buying of its 

 raw materials. The board of directors of the General Rubber 

 Co., the capital of which is $2,000,000, is now as follows: Sam- 

 uel P. Colt ^president), Lester Leland (vice president), John J. 

 Watson (treasurer), Andrew H. Brown (assistant treasurer), 

 William M. Ivins, E. C. Benedict, James P. Deshler, Walter S. 

 Ballou, and James B. Ford. The yacht Virginia has been 

 chartered by a party who will sail from New York about the 

 middle of November and proceed up the Amazon as far as 

 Manaos. The party will be headed by Mr. E. C. Benedict, who 

 is a director in the United States Rubber and General Rubber 



