208 



THE INDIA RUBBER WORLD 



[March i, 1905. 



was to reduce the authorized capital to $562,500. The object 

 o( the company, which has an office at No. 32 Broadway, New 

 York, may be inferred from the fact that the several patents 

 issued to William A. Liwrence, for the extraction of gum from 

 the Mexican "Guayule" plant, have been assigned to it. =r= 

 The Continental-Mexican Rubber Co., incorporated Octo- 

 ber 14, 1904. under New Jersey laws, with $roo,ooo capital au- 

 thorized, is understood to be a subsidiary concern, formed to 

 care for the interests in Mexico of the parent company. 

 MR. A. M. STICKNEY. 

 The subject of this sketch was born in Lowell, Massachu- 

 setts, in 1847. He was the son of lonathan Gage Slickney, a 

 noted American inventor, who wasone of the pioneers in rubber 

 manufacturing in Belgium, at Menin. It happened, therefore, 

 that young Stickney was educated abroad, his schooling being 

 in London and Menin. At the time of his graduation in the 

 latter city he was notable by being the youngest boy by five 

 years that had ever graduated there, and the school authorities 

 recognized it by presenting him with a gold medal and wreath. 

 When only 16 years old he enlisted in the Pennsylvania volun- 

 teer cavalry, and served in the Union armies until the end of 

 the war. Later he joined the navy and cruised in the Mediter- 

 ranean for about a year, when he returned to the United States. 



His interest in the 

 rubber business 

 began when he 

 took hold of what 

 was known as the 

 Wellman sole cut- 

 ting machine, up 

 to that time a 

 complicated fail- 

 ure, and made of 

 it one of the most 

 ingeniousand suc- 

 cessful machines 

 that the rubber 

 trade is possessed 

 of. These ma- 

 chines, by the way, 

 are used in rubber 

 shoe factories the 

 world over, and in 

 installing them 

 Mr. Stickney has 

 visited Russia, Germany, Sweden, France, Great Britain, and 

 other European countries, where he is very much at home as 

 he speaks French, German, and Russian fluently. It is inter- 

 esting to note that as this sketch appears Mr. Stickney lands 

 in Europefor a four months' stay, during which he will visit all 

 of the countries named, together with Finland and Italy. Mr. 

 Stickney has always kept up his interest in the Grand Army, 

 naving been commander of Post 66, G. A. R., of Medford, 

 Mass., for some four years. His residence is in Medford, where 

 IS the factory of the Wellman Sole Cutting Machine Co., and 

 where much expert work is done in special machines for the 

 rubber trade. 



A NEW ATLANTIC CABLE. 



Another Atlantic cable is to be laid by the Commercial 

 Cable Co. (New York), and the matter has been advanced so 

 far that bids for the cable and its placing have already been re- 

 ceived. The route has been determined and it is expected 

 that the cable will be in operation during the coming summer. 

 President Clarence H. Mackay stated recently that no new 

 stock would be issued on this cable, but that the cost had been 



met by the Mackay companies because of a desire to keep the 

 reserve fund of the Commercial Cable Co. intact. Mr. Mackay 

 added that the first report of the affiliated Mackay companies 

 to the shareholders would be made very shortly. The new ca- 

 ble will be of high speed and will embody the latest discoveries 

 in this branch of electrical work, which is an intimation that a 

 liberal amount of Gutta percha will be required. The Com- 

 mercial Cable Co.'s system already embraces three transatlan- 

 tic lines, of an average length of 2298 nautical miles, the total 

 mileage, including connections, being 13,212. The same in- 

 terests control the Commercial Pacific Cable Co., now operat- 

 ing a cable across the Pacific, with a length of over 7000 

 nautical miles. 



PEERLESS MUTUAL AID ASSOCIATION'S RECEPTION. 

 More than 400 employes of the Peerless Rubber Manufac- 

 turing Co. and guests spent an enjoyable evening at Nunges- 

 ser's Hall (North Bergen, New Jersey), on the evening of Jan- 

 uary 28, the occasion being a reception given by the Peerless 

 Mutual Aid Association. Mr. Edward Busch, president of the as- 

 sociation, presided at the supper table. and conveyed to the mem- 

 bers the regrets of Superintendent R. B. Meany at being unable 

 to attend. Mr. Archie Doyle responded to the toast "The 

 Peerless," and was followed by a number of other speakers. 

 The association was organized February 9, 1895, has a good 

 sized fund in the treasury, and has made a liberal distribution 

 of money in cases of sickness and death. In addition the asso- 

 ciation arranges during each year for several social events which 

 are well attended and invitations to which are eagerly sought 

 for. The officers are : Edward Busch, president ; James Mul- 

 lane, vice president ; George Merritt, financial secretary ; A.J. 

 Everson, recording secretary; Louis Buechner, treasurer; 

 George Everson. sergeant at arms; Fred Smith, David Daniel- 

 son, and George Her, trustees. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 

 United States Rubber Co. : 



DATES. 



Weekending Jan. 21 

 Weekending Jan- 28 

 Week ending Feb. 4 

 Week ending Feb. 11 

 Week ending Feb. 18 

 Week ending Feb. 25 



Common. 



Preferred. 



Sales. High. Low, 



3,860 

 3,400 

 1.350 

 (0,814 

 16,400 

 3,400 



lOO/g 

 lOOl^ 

 (00% 



iogi( 

 115 



100 



98 Ji 

 100 

 loo)^ 

 108% 



Rubber Goods Manufacturing Co. : 



DRAWBACK ON AUTOMOBILE TIRES. 

 The United States treasury department announces that on 

 the exportation of automobiles manufactured by The Locomo- 

 bile Co. of America (Bridgeport, Connecticut), with the use of 

 imported tires, a drawback will be allowed equal in amount to 

 the duty paid on the imported tires, less the legal deduction of 

 I per cent. In response to an inquiry the Locomobile com- 

 pany advise The India Rubber World : "Occasionally we 

 have a request from a customer to equip his car with Michelin 

 or Continental tires; these, by the way, being the two best 

 foreign tires. Of course, we are perfectly willing to put these 

 on at additional cost and have done so in a number of cases." 



