April i, 1905.] 



THE INDIA RUBBER WORLD 



245 



facture of mechanical rubber goods. W. T. Baird was ap- 

 pointed receiver for the company in the chancery court of New 

 Jersey, December 7, 1903, following which a petition in bank- 

 ruptcy was filed against the company in behalf of certain cred- 

 itors, when the matter was transferred to the United States 

 district court in the district of New Jersey. 



' RUBBER PAINT CO. (CHICAGO). 

 The Rubber Paint Co. (Chicago) are rebuilding the factory 

 and office building destroyed by fire on the night of December 

 2. The insurance has been adjusted, the loss sustained in the 

 burning of the office and factory at Nos. 154-156 West Van Bu- 

 ren street amounting to more than $100,000. The company lost 

 a large amount of expensive special machinery, and since the 

 fire much of the work had to be done by hand and primitive 

 methods. New special machinery has been ordered, and some 

 of it is now being delivered and put in place in a temporary fac- 

 tory at Fulton and Green streets. The company had another 

 large factory just opposite the one destroyed. New offices were 

 fitted up in this building and, through the use of this plant and 

 the temporary factory and with the reserve stock stored in two 

 warehouses, the company manage to fill their orders. ^^"To 

 save rubber importersand brokers the trouble of seeking to sell 

 crude rubber to rubber paint manufacturers, it may be well to 

 explain that the rubber used is undoubtedly of the synthetic 

 variety with linseed oil as its base. 



"TO REVOLUTIONIZE THE RUBBER INDUSTRY." 

 The industries of Middletown, Ohio, are all busy turning out 

 their products; the people are all busy working and glad that 

 spring is so close at hand. The young and hard working busi- 

 ness man, Mr. Harry W. Kress, is trying to have a plant located 

 there that will manufacture a product that will revolutionize the 

 rubber business. This plant is that of the Insulator and Rub- 

 ber Manufacturing Co., lately organized to make a substitute 

 from vegetable and mineral matters that will in every way sup- 

 plant rubber, at one-twentieth the cost of rubber. The officers 

 of the company are Phil Allen, Jr., president ; George H. Phil- 

 lips, vice president ; Ralph J. Gohlsen, secretary ; and James B. 

 McNamara, treasurer. The Middletown Business Men's Club 

 will take the matter up at the proper time, and the / otirna I ol 

 that city will not be surprised if a plant to manufacture this 

 new product is in operation before we celebrate the glorious 

 Fourth o( July, 1905. 



"punched rubbers" in CANADA. 

 The rubber shoe manufacturers of Canada have united in 

 advertising in the newspapers, under the heading " For the 

 Protection of the Public," some details in regard to " punched " 

 rubber shoes. The advertisements say, in part: "A hole 

 punched in a rubber indicates that it is a factory imperfect, or 

 out of style, or in some way inferior and liable to prove unsat- 

 isfactory. . - - Purchasers of rubber footwear should see 

 that goods represented to them as perfect and up to date are 

 not punched." A correspondent in the trade writes to The 

 India Rubber World: "The disposition of seconds and out 

 of style rubbers has always been a serious problem in Canada. 

 For years it was the custom to punch such lines with a small 

 hole in the back of the shoe, and sell at an extra discount of 

 10 per cent., but this led to serious abuses. Manufacturers 

 selling direct to the retail trade, in order to increase sales, 

 could aflord to punch perfect goods, give the extra 10 per cent., 

 and then realize more than those selling only to the wholesale 

 trade. To make this practice unprofitable, the extra discount 

 was fixed at 20 per cent. Even this did not meet the case, so 

 now it has been decided to punch all heavy goods with a hole 

 li inch in diameter, on the side, and light goods with a hole 



Js inch in diameter, in the front of the shoe." The advertise- 

 ments referred to contain illustrations of shoes as punched, 

 and it is hoped by this means to abate the nuisance and dis- 

 credit seconds and out of style goods with the general public. 



THE B. F. STURTEVANT CO. EMPLOYES' CLUB. 



A GROWING tendency among those connected with large 



corporations to organize for purpose of mutual improvement, 

 is noticeable in all lines of trade. An interesting organization 

 has just been perfected by those connected with The B. F. 

 Sturtevant Co. (Boston), its object being to consider questions 

 of engineering and commercial interest, and to increase the 

 mutual acquaintance of the members. Its character is well 

 suggested by its title. The Progress Club. Its membership is 

 open to all who are in any way associated with the company. 

 Its membership, however, isclassified into Seniors and Juniors, 

 the former including those who are 21 or over, who have had 

 charge of the work of others, or who have been Juniors in reg- 

 ular standing for three years. Control is placed in the Coun- 

 cil, consisting of president, vice president, secretary, treasurer, 

 and three members at large, whose duty it is to arrange pro- 

 grams for the meetings, publish and distribute necessary re- 

 ports of the proceedings, and generally direct the aflairs of 

 the Club. It will be a distinct purpose of the Club to associate 

 in its membership those in the branch houses and local offices, 

 as well as those connected with the plant at Hyde Park. A 

 very successful future is anticipated for this new organization. 



WESTERN ELECTRIC CO. 



The Western Electric Co., manufacturers of electrical ap- 

 paratus on a large scale and hitherto among the most import- 

 ant buyers of hard rubber goods, have been engaged for some 

 time past in equipping a hard rubber factory in Chicago for 

 filling their own requirements in goods of this class. It is un- 

 derstood that the machinery is all in place, but that it may be 

 some months yet before the factory is in operation. The 

 Western Electric Co. are now doing a large business in Europe 

 having taken over in 1898 as a going concern the Fowler- War- 

 ing Cables Co. (London), the first manufacturers of lead cov- 

 ered cable in Great Britain. The company have well nigh re- 

 covered fioni the effects of the disastrous fire which destroyed 

 most of their plant, and have now practically rebuilt all the de- 

 partments, except that for the manufacture of pure and vul- 

 canized rubber covered cables. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 

 United States Rubber Co. : 



DATES. 



Weekending Feb. 25 

 Week ending Mar. 4 

 Week ending Mar. 11 

 Week ending Mas. 18 

 Week ending Mar. 25 



Preferred. 



Sales. High. Low, 



3,400 

 6,200 



5, too 

 2,600 



5,200 



■13!^ 

 II3M 



112/'^ 



uoj^ 

 no ■4: 



Rubber Goods Manufacturing Co. 



The above quotations for preferred shares of both companies 

 are the highest ever recorded. 



