March i, 1905.] 



THE INDIA RUBBER WORLD 



207 



NEWS OF THE AMERICAN RUBBER TRADE. 



SEAMLESS RUBBKR CO. — INCREASE OF CAPITAL. 



TH£ Seamless Rubber Co. (New Haven) on February 2 

 filed with the secretary o( state of Connecticut a cer- 

 tificate of increase of capital stock from $250,000 to 

 S300.000. General Manager E. E. Menger advises The 

 India Rubber World: "This was done in order to provide 

 funds for an increase in our machinery and equipment. All of 

 the above stock was subscribed for by the present holders. We 

 take pleasure in advising you that, owing to our constantly 

 increasing business, we were compelled, in order to keep up with 

 the demands of our customers, to provide for the additional 

 equipment." The last previous increase in capital stock was 

 made in |une, 1903. when it was raised to $250,000. 



THE EUREKA FIRE HOSE CO. IN THE SOUTH. 

 Mr. Warwick H. Payne, who for several years has been 

 manager of the southern department of The Eureka Fire Hose 

 Co. (New York), with headquarters at 704 Century building, 

 Atlanta, Georgia, has been placed in exclusive charge of their 

 sales in North Carolina, South Carolina, and Virginia. Mr. 

 Payne will be assisted by Mr. H. H. Alvis, who will be located 

 at some convenient point \n Virginia and give his sole atten- 

 tion to that state, and by Mr. Charles B. Payne, with head- 

 quarters in Atlanta, and giving attention to the southern part 

 of the territory. The Eureka Fire Hose Co. ask that their 

 friends in the south communicate direct with the Atlanta head- 

 quarters, and suggest that information as to contemplated pur- 

 chases be wired at their expense. 



COLONIAL TIRE AND RUBBER CO. 



The annual meeting of shareholders of the Colonial Tire 

 and Rubber Co. was held at Akron, Ohio, on January 30. The 

 directors were reelected : John Byrider, James A. Swinehart, 

 P. D. Hall, and William A. Bvrider— all of Akron— and John 

 Hopper, of Wilmington, Delaware. The officers were then re- 

 elected : 



/v«/,/f«/— JoH.N Bvrider. 



Vice PresiJent—]AJ.\1.s A. SwiNEHART. 

 Secretary and Treasuer — P. D. Hai.L. 



This is a Delaware corporation, dating from 1902, formed to 



cjntrol the European rights under the patents granted in 1901 



to Swinehart and W. A. Byrider for the solid rubber tire 



marketed in the United States as the " Firestone " tire. This 



tire is made under license in several European countries, being 



known on the Continent as the " Byrider and Swinehart " tire, 



ASSIGNMENT OF THE DAYTON RUBBER CO. 

 A DEED of assignment was filfed in the probate court at Day- 

 ton, Ohio, on the afternoon of January 28, by Oscar F. Davieson, 

 as president and attorney for the Dayton Rubber Co., convey- 

 ing all the property of the company to Nathaniel P. Ramsey 

 and Claude C. Hooven. Mr. Davieson stated that the liabilities 

 of the company were about $20,000 and the assets upward of 

 $50,000. The company was incorporated in Ohio. December 

 9, 1903. with S250.000 capital authorized, to manufacture me- 

 chanical rubber goods and the work of installing a plant was 

 at once begun. A report has been current for some time that 

 the organizers of the company had failed to secure the expect- 

 ed capital, which report is confimed by the fact that suits were 

 filed recently against Harrie N. Reynolds, Frank M. Andrews, 

 and Eugene J. Barney, for sums aggregating §15,400, and al- 

 leged to be due on account of unpaid subscriptions to the cap- 



ital stock of the company. The assignees named were among 

 the incorporators of the company, and Mr. Ramsey has since 

 been vice president and Mr. Hooven secretary. 



NEW WAREHOUSE OF THE UNITED STATES RUBBER CO. 



The United States Rubber Co. and the Boston Rubber 

 Shoe Co. have moved their New York city warehouse from 

 No. 9 Murray street, where they have been located for the last 

 seven years, to a brand new building at No. 60 Thomas street, 

 which these companies will occupy exclusively. The building 

 consists of a basement and six floors, and has a floor area of 

 about 14,000 square feet. This warehouse, like that in Murray 

 street, will be under the charge of Mr. E. L. Phipps, selling 

 agent of the Boston Rubber Shoe Co., assisted by Mr. J. C. 

 Rockwell. Their office is on the ground floor, with the ship- 

 ping department in the rear. The second, third, and fourth 

 floors will be devoted to " Boston " and " Bay State " goods, 

 and the fourth, fifth, and sixth floors to " Woonsocket," 

 " Rhode Island," and other brands. Mr. Phipps has vastly 

 better facilities than he had in Murray street, for by using the 

 entire building, he has exclusive control of the elevator ser- 

 vice. He expects to be able to take in or ship 1000 cases a 

 day. 



STANDARD UNDERGROUND CABLE CO. (PITTSBURGH). 



The annual report presented at the shareholders' meeting, 

 on January 24, showed gross business tor 1904 of $8,571,553. 

 The gross business for the preceding year was $9,192,618. The 

 report points out that more or less depression existed in busi- 

 ness generally, resulting in keener competition and lower 

 prices, but that there was practically no diminution in the 

 volume of business transacted by the company. The unfilled 

 orders on hand on December 31 aggregated over $1,000,000. 

 The company have no outstanding notes, mortgages, bonds, or 

 preferred stock, and no contingent liability on customers' 

 notes. Out of the net earnings of the year the usual dividend 

 of 12 per cent, was paid, aggregating $240,000, and the remain- 

 der of the earnings added to the surplus account. The capital 

 of the company is $2,000,000. The directors were reelected, as 

 follows: Mark W. Watson (president), Joseph W. Marsh 

 (vice president and general manager), James H. Willock, John 

 Moorhead, Jr., John B. Jackson, B. F. Jones, [r., Robert Pit- 

 cairn, J. N. Davidson, and William A. Conner. 



THE HARTFORD RUBBER WORKS CO. 

 The Hartford G/c^^ (February 12) reports the local factories 

 of this company to be giving employment to about 700 work- 

 ers, with a weekly pay roll of more than $10,000. During the 

 week then last closed more than 30 tons of rubber were used. 

 The daily output of bicycle tires was about 5000, in addition to 

 vehicle tires. Important shipments of rubber mats to Japan 

 and Russia were mentioned. 



CONTINENTAL RUBBER CO. (JERSEY CITY). 

 The Continental Rubber Co., on January 27, 1905, filed with 

 the secretary of state of New Jersey a certificate decreasing its 

 capital stock and creating one class of stock — preferred. The 

 company was incorporated May 13, 1903,35 the American Rub- 

 ber Co., with $(00,000 capital authorized. June 29, 1903, the 

 name was changed to the Continental Rubber Co., and a cer- 

 tificate filed referring to an increase of capital to $1,000,000, of 

 which amount there had been issued, to November 29, 1904 — 

 the date of the last annual report — $250,000. The latest change 



