September i, 1902.] 



THE INDIA RUBBER V/ORLD 



399 



were fortunate in including all the chewing gum factories in 

 the original organization, and although it may have appeared 

 heavily over-capitalized, the payment of dividends has been 

 maintained, and recent sales of common stock have been made 

 above par — at no, in fact, and preferred at 91. The company 

 will benefit materially by the removal of the internal revenue 

 tax, dating from June 30, last. The tax of i cent per package 

 on chewing gum yielded the United States government $366,- 

 530.95 during the fiscal year ended June 30, 1899, and S326,- 

 105 49 during the year ended June 30, 1900. The figures are 

 not yet available for the fiscal year ended June 30, 1901, but 

 they will probably not exceed $350,000. This points to a prob- 

 able average consumption of 35,000,000 packages in the 

 United States alone, not counting exports. One of the Amer- 

 ican Chicle Co.'s factories, by the way, is located at Toronto, 

 Canada, and its product is not considered in the above esti- 

 mate. Meanwhile the consumption of crude Chicle has in- 

 creased, as shown by the records of imports into the United 

 States during the past three fiscal years, as follows: 



iSoQ-igoo. 1900^51. 1901-02. 



Pounds 2,2g7,qg2 3,140,768 4,580,605 



Value $354,720 $753, 6g6 $936,065 



Average value 15.4 cents 24 cents 20.4 cents 



These figures, by the way, embrace the supplies for Canada. 

 During the week ended August 19 exports of Chicle from New 

 York for Canada amounted to $13,778 and for Liverpool. $850. 

 During a preceding week Chicle valued at $965 went to Aus- 

 tralia. ==A dividend of i per cent, on American Chicle com- 

 mon will be paid September 10. 



THE YATMAN RUBBER CO. 



Mr. H. J. Yatman, whose surname is now used by a very 

 prosperous company in Harrison, New Jersey, has been con- 

 nected with the 

 ^^y -. rubber trade now 



^^^M .,— <^ ^\ over twenty years. 



' ~ His apprentice- 



ship began in the 

 office of the River- 



P^^^R \ side Rubber 



^ \ Works (Belleville, 



* ••■— ' N. J.), where he 



remained for some 

 years, until he 

 formed the Essex 

 ,\ .J^K' 1 Rubber Co., which 



had a very com- 

 r^ ^mi plete little plant in 



Newark. He made 

 such a success of 

 small work, par- 

 ticularly in the line 

 of pencil tips, that 

 H.J. YATMAN. the American 



Pencil Co. made him an oflfer for the whole business, which he 

 accepted. He then incorporated The Yatman Rubber Co.. with 

 a factory in Newark, which they later outgrew and moved to 

 larger quarters at Harrison. The new plant gives double the 

 former capacity, yet orders have crowded in to such an extent 

 that the factory is running twenty-two hours a day to keep 

 abreast of them. Mr. Yatman is not only the active man in 

 his factory, but attends to the marketing of the goods as well. 

 His new plant is well fitted with modern labor saving devices, 

 and incidentally it might be related that he is the first of the 

 rubber men to adopt the vertical type of the Hewes & Phillips 

 engine as part of the power plant. 



RUBBER FOOTWEAR FOR THE INDIANS. 

 Bids were opened at the office of Indian affairs, at Washing- 

 ton, on August 5, for supplying rubber footwear. There were 

 thirteen bidders. Contracts were awarded as follows: 



J. Edmund Strong (Chicago), for 2igo pairs of boys' arctic over- 

 shoes : Sizes I to 2, 573^ cents ; sizes 3 to 6, 72 cents. 



John Wanaraaker (Philadelphia), (or 670 pairs of men's rubber boots : 

 Sizes 7 to II, $1.84. Also: 1 165 pairs children's arctics, 45 cents ; 420 

 pairs ladies' and misses' arctics, 4g cents ; 910 pairs men's arctics, 72 

 cents ; 632 pairs ladies' rubber shoes, 31 >^ cents ; 370 pairs girls' rub- 

 ber shoes, 18 cents; 1580 pairs boys and misses' rubber shoes, 23I 

 cents ; 500 pairs men's rubber shoes, 36 cents. 



The number of pairs comprised is 8437, and the total value, 

 as nearly as can be computed from these figures, $4867.75. Bids 

 were to be opened at Philadelphia, on August 26, for further 

 supplies. 



NEW YORK STOCK EXCHANGE aUOTATIONS. 



United States Rubber Co. : 



Rubber Goods Manufacturing Co.: 



bailey's "won't slip" TIRES IN EUROPE. 



A. H. Overman, who will be remembered as the enterpris- 

 ing founder of the Overman Wheel Co. (Chicopee Falls, Mass.) 

 has, for some time past, been in London. While there he fitted 

 his automobile with the Bailey "Won't Slip" tires, and was so 

 delighted with their work on the slippery London pavements, 

 that he connected himself with the well known firm, The 

 Clarkson & Capel Steam Car Syndicate, Limited, of Chelms- 

 ford, who have purchased the British patents of Mr. Bailey 

 and will equip their entire output with these tires. Mr. Bailey 

 has also accepted an offer from the same house for the French 

 patents for the same tire. 



RUBBER SHOE TRADE IN CANADA. 



As far as can be gathered [says TAe Canadian Shoe and 

 Leather Journal^ the amount of early orders is up to the 

 usual average, and the opinion prevails that the season's trade 

 will considerably exceed that of last year. Fewer American 

 shoes have been put on the market, and this has left the home 

 product more chance for expansion. The fight for business 

 among the various companies has been keen, but has not re- 

 sulted in breaking away in terms or prices to any account. 

 NEW INCORPORATIONS. 



The Camp Rubber Co. (Ashland, Ohio), July 28, under Ohio 

 laws; capital, $50,000. The Faultless Rubber Co. (Akron, 

 Ohio) are interested in this new manufacturing enterprise, re- 

 garding wtich further details appear in another place. 



=iThe Reese Waterproof Manufacturing Co. (Oakland, Cali- 

 fornia), June I, under California laws; capital, $200,000. W. 

 G. Reese is president, J. W. Phillips vice president and busi- 

 ness manager, A. L. Hamilton treasurer, and C. K. Smith sec- 

 retary. The company claim to control a compound for water- 

 proofing tarpaulins, horse covers, lap robes, coats, etc., suited 

 for all climates, allowing the goods to retain their flexibility 

 and not calculated to harm the fiber of the goods. 



