May I, 1902.] 



THE INDIA RUBBER WORLD 



265 



NEWS OF THE AMERICAN RUBBER TRADE. 



GLENDALE ELASTIC FABRICS CO. (EASTHAMPTON, MASS.) 



AT the annual meeting, March 28, the following directors 

 were elected : William G. Bassett, Harry E. Converse, 

 George A. Alden, William Rapp, Joseph W. Green, Jr. 

 The directors reelected William G. Bassett president 

 and Joseph W. Green, Jr., treasurer. 



CHANGE IN PENNSYLVANIA AGENCY FOR FIRE HOSE. 

 The Eureka Fire Hose Co. (No. 13 Barclay street, New York) 

 have made a change in their Pennsylvania agency, but their 

 interests in that territory will still be cared for by Mr. Henry 

 R. Early, who Is now connected with the firm of James Boyd 

 & Brother, No. 14 North Fourth street, Philadelphia. This 

 concern will hereafter carry a large stock of the Eureka Fire 

 Hose Co.'s well known goods and can execute promptly all 

 orders entrusted to it. 



THE JOSEPH DIXON CRUCIBLE CO. 



The annual meeting of stockholders was held April 21 at 

 Jersey City, New Jersey. The old board of directors was re- 

 elected and in turn elected the following officers: E. F. C. 

 Young, president; John A. Walker, vice president and treas- 

 urer; George E. Long, secretary ; John A. Walker, Joseph D. 

 Bedle, and William Murray, executive committee. The finan- 

 cial statement shows that the company have a surplus of $1,- 

 300,000, with outstanding debts of about $7000. The entire 

 bonded debt has been wiped out, and it was decided to erect 

 two buildings, at a cost of $25,000, to provide for the increasing 

 business. 



AMERICAN CHICLE CO. COMMON DIVIDEND. 



A DIVIDEND of I percent, has been declared on the com- 

 mon stock, payable May 10, to holders of record at noon, May 

 5. A dividend of i per cent, was paid April i, instead of the 

 regular quarterly dividend of 2 per cent., which rate had been 

 paid to January 2, 1902. The new dividend will oflset the re- 

 duction noted last month. 



AMERICAN MADE " LITHOPONE. " 

 The product known as " Lithopone," which has come into 

 use on an important scale in rubber factories in the United 

 States, was formerly chiefly imported. The Graselli Chemical 

 Co. (New York), who were the first to introduce on the market 

 Lithopone of American manufacture, announce that they are 

 in a position to supply this material in any quantity that may 

 be desired. They have been established for more than sixty 

 years, and have been the pioneers in the American manufacture 

 of various acids and chemicals which have met an important 

 demand in the industries. 



AMERICAN RUBBER WORKS CO. 

 This company has advertised lately a limited amount of its 

 common and preferred stock, at a slight concession, to obtain 

 working capital. The company was incorporated September 

 10, 1901, under New Jersey laws, to manufacture patented tires, 

 and has leased the plant of the New Brunswick (New Jersey) 

 Tire Co. The authorized capital is $1,000,000. of which $200,000 

 is 7 per cent, preferred stock and $800,000 common stock, all of 

 the par value of $25 per share. Isaac S. McGiehan, lawyer, of 

 No. 277 Broadway, New York (which is the advertised office of 

 the company), is president ; George H. Huntington, treasurer ; 

 George H. Sanford, secretary; and J. W. Wilcox, general su- 

 perintendent. The company state that they have ten 17 year 

 patents on their carriage and automobile tires, besides which 



'■ the inventor of the tire has made a chemical discovery in the 

 mixing of rubber (which will be kept a secret) that brings the 

 cost of commercial rubber down to less than one half the cost 

 of any rubber compound made by manufacturers in the rubber 

 goods trade, and at the same time enables it to produce better 

 goods." The company are prepared also to manufacture air 

 brake hose and other lines. 



COLONIAL RUBBER GOODS CO. (FRANKLIN, MASS.) 

 The plant of this company, engaged in the reclaiming of 

 rubber, was closed early in the past month, for an indefinite 

 period. The company made an assignment in March to W. O. 

 Underwood, of Boston, on account of the failure of an impor- 

 tant stockholder, but it was hoped for awhile that this would 

 not make necessary the closing of the factory, which at the 

 time was running overtime. — — A later report is to the effect 

 that the management are hopeful of being able to make a 

 settlement with their creditors, which will make it possible 

 to continue business and increase the plant materially. 



MILLTOWN INDIA RUBBER CO. (MILLTOWN, N.J.) 

 Application has been made by three creditors, to have this 

 company declared bankrupt. It is the company organized in 

 1900 by the late John C. Evans, to manufacture rubber boots 

 and shoes, and the factory has not been in operation since the 

 death of Mr. Evans. The creditors are George F. Kohlhepp, 

 secretary of the company, and W. S. Strong and W. R. Reed, 

 local merchants. Their claims amount to $6400. W.E.Flor- 

 ence has been appointed receiver, pending the determination of 

 the application to have the company declared bankrupt. 



LATIMER TIRE AND RUBBER CO. (CHICAGO.) 

 In the United States court, at Chicago, on April 16, Judge 

 Kohlsaat appointed E. B. McKey receiver in bankruptcy for 

 the assets of the Latimer Tire and Rubber Manufacturing Co. 

 Previous to this order a petition to have the concern declared 

 bankrupt was filed by Charles E. Lawton of Pawtucket, Rhode 

 Island, who presented a claim for $8733. He claimed that the 

 concern is insolvent and that its officers have made prefer- 

 ential payments. 



REMOVAL — WILLIAM SOMERVILLE'S SONS. 



The above firm, long established at No. 68 Pine street. New 

 York, will vacate the same on this date, having secured Nos. 

 118-120 John street for office and salesrooms and Nos. 233-235 

 Pearl street for warehousing. This will give them many times 

 the floor space occupied formerly, and permit them to carry 

 larger stocks, especially of imported goods. The Messrs. 

 Somerville have become very extensive dealers in rubber scrap 

 of all kinds. 



FOREIGN RUBBER SCRAP. 



In regard to European scrap W. C. Coleman, of Boston, re- 

 ports [April 10] : " Perhaps it would be interesting to know 

 that quite a number of the German rubber manufacturers are 

 beginning to buy goloshes. My principals inform me that they 

 are securing what would be equal to 7 cents per pound c. i. f., 

 in this country, at the present time. In view of the fact that 

 domestic goods are plentiful at 7 cents, also that on foreigns a 

 tare allowance of 2 per cent, is made, while on rubber boot and 

 shoe scrap in this country the manufacturers allow no tare, it 

 would seem that the foreign price was unwarranted. It is con- 

 ceded by reclaimers that the difference between foreign and 

 domestic is about i cents per pound in favor ol the latter 



