230 



THE INDIA RUBBER WORLD 



[April i, 1902. 



BOSTON BELTING CO. WIN A SUIT. 



Those who have known of the long continued and plucky 

 fight that the Boston Belting Co. have maintained against the 

 city of Boston for years past, in the Stony Brook matter, will 

 be interested to know that the city has finally awarded the 

 company $184,000 damages, less $46,000 deducted for water 

 already supplied, making the cash award $138,000. Further 

 than this, the city agrees to pay an additional $387,666 if it 

 fails to supply 3000 gallons a day for manufacturing purposes 

 for a period of twenty-two years from January i, 1902. It will 

 be remembered that in 1890, alter a suit full of vexatious delay, 

 the city paid the company $246,000 in damages because of 

 serious overflows which flooded their works, these floods being 

 caused by changes in the bed of the brook. After this award 

 the city went to the other extreme and, altering the course of 

 the stream, took the water away, which, of course, was a direct 

 infringement on their water rights, resulting after a long fight 

 in the second award. 



CONSOLIDATED RUBBER TIRE CO. 



The company have filed with the Manhattan Trust Co., 

 agent (New York), a statement of account of the twelve months 

 ending December 31, 1901, showing that their net income for 

 that period, applicable to the payment of interest upon their 

 debenture 4 per cent, fifty year sinking fund income bonds, is 

 sufficient to pay interest thereon at the rate of 3 per cent., and 

 such interest will be payable, on and after April i, at the office 

 of the Colonial Trust Co., No. 222 Broadway, New York. The 

 bond issue amounts to $3 000,000, under an agreement dated 

 April I, 1901. 



AMERICAN CHICLE CO. DIVIDEND REDUCED. 



The regular quarterly dividend of lyi per cent, on the pre- 

 ferred stock and a dividend for the quarter of i per cent, on 

 the common stock are payable April i to shareholders of record 

 on March 26. The last dividend declared on the common 

 stock— payable January 2— was 2 per cent. The total dividend 

 paid on the common stock for 1900 was 9 per cent. ; the total 

 for 1901 was 7>2 per cent. The company's shares have been 

 quoted : 



Preferred. Common. 



December 30, igoo ... 75 S5 



December 30, iqoi ... 8i S2 



March 26, 1902 821.4-84 82-S5 



CHICAGO AUTOMOBILE SHOW. 



The anr.ual automobile show at Chicago was held in the 

 Coliseum, from March i to 8, under the auspices of the Chica- 

 go Automobile Club and the National Association of Auto- 

 mobile Manufacturers. The exhibition was fully representa- 

 tive of the automobile manufacturing interest, and was well at- 

 tended. Exhibits of tires, some of them very complete and 

 efltective, were made by the following firms: 



Clark Tire Co Chicago. 



Diamond Rubber Co ... Akron, Ohio. 



The B. F. Goodrich Co Akron, Ohio. 



Goodyear Tire and Rubber Co Akron, Ohio. 



The G & J Tire Co Indianapolis, Ind. 



Hartford Rubber Works Co Hartford, Conn. 



[This display included the Dunlop tire.] 



India Rubber Co Akron, Ohio. 



International Automobile and Vehicle Tire Co New York. 



Mechanical Tire Co Westfield, Mass. 



New York Belting and Packing Co., Limited New York. 



THE DUNLOP TIRE CO.. LIMITED. (TORONTO.) 

 This company have been marketing for some time, with a 

 good measure of success, solid wired-on rubber vehicle tires. 

 They are also handling rubber mats and matting, rubber horse- 

 shoe pads, and rubber heels. Also, in connection with their 



bicycle tire trade, the regular Dunlop motor and carriage 

 tires. 



CANADIAN RUBBER CO. OF MONTREAL. 

 At the annual meeting, on March 13, the election for direc- 

 tors resulted : H. Montagu Allan, J. B. Learmont, W. H. Ben- 

 yon, C. F. Smith, Andrew A. Allan, H. Markland Molson, J. 

 O. Gravel, F. J. Hart, and F. C. Henshaw. The two last 

 named are new on the board, the others being reelected. Sub- 

 sequently H. Montagu Allan was elected president; J. B. Lear- 

 mont vice president; and E. A. Wright secretary-treasurer. 



IMPORT DUTY ON BALATA SHtETS. 

 Schrader & Ehlers (New York), on January 29, entered 

 an importation of Balata sheets, fitted for such goods as dress 

 shields, which were assessed for duty at 35 per cent, advalorem 

 — on account of their similarity to Gutta percha wares, no pro- 

 vision existing in the tariff schedule for Balata. The import- 

 ers, however, protested, on the ground that the goods should 

 be classed as " unenumerated manufactured articles," at 20 per 

 cent. The United States general appraisers, at New York, af- 

 firm the action of the collector of customs. After quoting au- 

 thorities to show the similitude of Balata to India-rubber and 

 Gutta percha, the appraisers state that it is unnecessary for 

 them to decide whether the articles imported bear a closer re- 

 semblance to manufactures of India-rubber or Gutta-percha — 

 the duties on which are 50 and 35 per cent., respectively. The 

 tariff law provides: " If any nonenumerated article equally 

 resembles two or more enumerated articles on which dif- 

 ferent rates of duty are chargeable, there shall be levied on 

 such nonenumerated article the same rate of duty as is charge- 

 able on the article which it resembles, paying the highest rate 

 of duty." 



A RUBBER SUBSTITUTE FROM PETROLEUM. 



The Texas newspapers of late have contained references to 

 a company being organized at Beaumont, in that state, for the 

 production of a "remarkably fine substitute for hard rubber" 

 from the petroleum found in that district. The project is 

 fathered by Tom C. Swope. who writes to The India Rubber 

 World (March 21): " I regret that it is impossible for me to 

 give you full details in reference to the new substitute, or 

 adulterant, for rubber which the company I am organizing will 

 manufacture, but I believe that in about fifteen days I can give 

 you the information in a satisfactory form." Mr. Swope is secre- 

 tary and general manager of the Huntley Oil and Refining Co., 

 of Beaumont, Texas, which is capitalized at $2,500,000. The 

 president of the Huntley company is the Hon. Benton McMil- 

 lin, of Tennessee, and one of the directors is the Hon. Charles 

 A. Towne, of Minnesota. Reports had already been current 

 that Mr. Towne was interested in a new rubber substitute. 



CHICAGO TIRE AND RUBBER CO. 



Since our last mention of this company [The India Rubber 

 World, January i— page 124], John L. G. Dykes, formerly of 

 the John L. G. Dykes Co., has become associated with it, now 

 filling the office of president, with Charles A. Sandberg secre- 

 tary and treasurer. Thomas W. Morris, who was with Morgan 

 & Wright for several years, is superintendent. The factory and 

 offices are at Nos. 329-331 West Kinzie street, Chicago. They 

 occupy a two story brick building, near the factory of Morgan 

 & Wright, with ample engine and boiler capacity for a consid- 

 erable business. The manufacture of the Dykes rubber heels 

 will be continued by the new company. It is stated that the 

 demand for women's rubber heels is greater than for men's, 

 though the sales for both in 1901 were greater than in the 

 preceding year. The company are also doing a good business 

 in small mold work. 



