April i, 1902.] 



THE INDIA RUBBER \VORI-D 



231 



RUBBER GOODS MANUFACTURING CO. 

 The directors, at a meeting on March 5, declared the twelfth 

 regular quarterly dividend of i^ percent, on the preferred 

 shares, out of the company's earnings, payable March 17, to 

 holders of record March S.==The annual meeting will be held 

 this month, at which time, it is intimated, a favorable report 

 will be made on the past year's business. = = The following is a 

 record of trading in the company's shares on the New York 

 Stock Exchange : 



Week ending Feb 21 

 Week ending Mar. i 

 Week ending Mar. 8 

 Week ending Mar. 15 

 Week ending Mar. 22 



Common. 



Sales. 



I,8So 

 5,740 



25,320 

 2,93° 



14,220 



High. 



18^ 



20'J 

 22% 



Low. 



17!^ 



I7X 

 18 

 18 

 19 



CLIFTON MANUFACTURING CO. (BOSTON.) 

 The headquarters of the electrical conduit business of this 

 company is befng removed to Buffalo, New York, in order 

 to be nearer to the mills from which the iron pipe is obtained, 

 thus making an important saving in the matter of freight. No 

 change is to be made in their general rubber work, which will 

 be continued at the old location. Another reason for the new 

 departure is that the present factory has become over-crowded 

 on account of the growing demand for the company's insu- 

 lated conduits. The company have been planning to get to 

 work in the Buffalo factory on the first of this month. 

 PENNSYLVANIA RUBBER CO. 



R. M. HowisoN has accepted the representation of the above 

 company for England and the European continent, with offices 

 at 4, Snow Hill, London. Mr. Howison has had several years 

 of experience in the sale of American rubber goods in the Brit- 

 ish market, in which he has attained an excellent measure of 

 success. =^The company are making good progress with the 

 erection of the new plant at Jeannette, Pennsylvania, referred 

 to in the last India Rubber World. 



INCREASING SALES OF HOT WATER BOTTLES. 



The active head of a large druggists' sundries house in New 

 York, reported to be doing a large trade in hot water bottles, 

 said to a representative of The India Rubber World on this 

 subject : 



" Yes, it is true that our company is selling a great many hot 

 water bottles. For several years past we have made a specially 

 of producing hot water bottles in many shapes and designs, as 

 richly and finely made as possible. Our present share of the 

 hot water bottle business is merely the natural result of trying 

 to please the trade year after year. However, we have this 

 season had a much heavier increase than usual, and we be- 

 lieve this is due to the fact that in the beginning of the season 

 we fitted our entire line of hot water bottles with the ' Hold- 

 fast ■ unlosable stopper. The ' Holdfast ' stopper is the neatest 

 little thing that has ever been invented. I don't believe that 

 as yet the trade has fully grasped its possibilities, although it 

 is a significant fact that dealers and manufacturers who have 

 taken hold of it have almost immediately reported that they 

 are doing a better business in hot water bottles." 



OTTO G. MAYER & CO. (NEW YORK.) 

 An involuntary petition in bankruptcy was filed March 25 

 against the above firm, shipping and commission merchants, 

 at Nos. 44-48 Cedar street. The petition, in behalf of Albert 

 V. W. Tallman and others, having small claims for commis- 

 sions and moneys advanced, alleges that the liabilities are 



about $600,000 and the assets probably $300,000. For some 

 months past William A De Long, formerly of the crude rub- 

 ber trade and now deputy water commissioner for New York 

 city, had been liquidating the affairs of the company, at the in- 

 stance of their largest creditors. The firm's export trade has 

 been largely with South America and South Africa, and they 

 imported crude rubber, spices, etc. Among the causes of their 

 financial difficulties have been the decline in the price of rub- 

 ber, and outside investments on which nothing can now be 

 realized. The business was established in 1835 by Josiah Jex. 

 He retired in 1872, turning the business over to his nephew, 

 William Jex, who formed a partnership with William A. De 

 Long as William Jex & Co., which was dissolved in 1886. De 

 Long, Mayer & Co. succeeded, and in 1889 Mr. De Long re- 

 tired, Mr. Jex returning to the firm, which became O. G. Mayer 

 & Co. William Jex died in 1896, and in 1899 Louis Engelhorn 

 became a partner. Mr. Mayer is now in Europe, under treat- 

 ment for his eyes. 



NEW INCORPORATIONS. 

 On March 14 identical articles of incorporation were filed 

 with the secretary of state of New Jersey, at Trenton, of the 

 following new companies : 



German- American Rubber Shoe C^. 

 Anglo-American Rubber shoe Co. 

 Belgian-American Rubber Shoe Co. 

 Franco-American Rubber Slioe Co. 

 International Rubber Shoe Co. 



In each case the incorporators named were Frank N. White 

 Alfred George Brown, and Walter H. Bond, and the registered 

 offices. No. 525 Main street, East Orange, New Jersey, and the 

 agent in that state, the New Jersey Registration and Tjust Co. 

 The authorized capital in each case is $100,000. The expressed 

 objects of these companies are to acquire interests in patents 

 relating to manufactures of rubber, including rubber boots and 

 shoes, and machinery and processes involved in such manufac- 

 ture, and to use or turn to account such patent rights, by work- 

 ing under them or otherwise. Their object is primarily to hold 

 patents in Germany, Great Britain, Belgium, France, and Rus- 

 sia. The right to acquire and hold Russian patents is held by 

 the International Rubber Shoe Co., so named because under 

 the laws of that country the term Russia or Russian could not 

 be used in connection with this incorporation. These patents 

 are controlled in the United States by the Atlantic Rubber 

 Shoe Co., incorporated for $10,000,000 under the laws of New 

 Jersey December 18. The five new corporations are syndicated 

 and organized under the corporation laws of New Jersey, which 

 correspond closely with the Public Companies acts of Great 

 Britain. 



= Bourn Rubber Co. (Providence, Rhode Island), March i, 

 under Rhode Island laws, to carry on the business of manu- 

 facturing rubber boots and shoes of Augustus O. Bourn ; capi- 

 tal, $75,000. S. W. Bourn president; Augustus O. Bourn, Jr., 

 vice president; A. O. Bourn, treasurer; H. K. Bedell, secretary. 



=The Dyson & Lawshe Rubber Co. (Trenton, New Jersey), 

 March 6, under New Jersey laws; capital, $50,000. Incorpo- 

 rators: George A. Dyson, Ira M. Lawshe, and John J.Cook. 

 They will continue the business of the firm of Dyson & 

 lawshe, manufacturers of molded rubber goods for mechanical 

 purposes. 



= Rubber Trading Co. (New York city), March 3, under New 

 York laws, to deal in crude rubber; capital, $5000. Directors ; 

 Robert B. Baird, L. H. Baird. G. W. Harris. 



= Metropolitan Rubber Co., February 10, under Maine laws, 

 organized at Portland, Maine, to manufacture rubber goods ; 

 capital, $250,000, with $100 paid in. President, Elgin C. Ver- 

 rill ; treasurer, Nathan Clifford. The two gentlemen named 



