November 1, 1912.] 



THE INDIA RUBBER WORLD 



117 



News of the American Rubber Trade. 



FORTUNATE STOCKHOLDERS OF THE BOSTON WOVEN HOSE & 

 RUBBER CO. 



ON October 10. 1912, Henry B. Sprague, treasurer of the Bos- 

 ton Woven Hose & Rubber Co., sent out a circular to all 

 the holders of common stock in that company, in which the 

 following are the salient paragraphs, by which it will be noticed 

 that the common stockholders are not only given the privilege 

 of subscribing for an additional 25 per cent, of their present 

 holdings at $100 a share (the last previous sale having been $231 

 per share), but are also given a cash dividend sufficient to cover 

 this purchase. 



"Pursuant to a vote lately passed by its Board of Directors, 

 the Boston Woven Hose & Rubber Co. hereby offers to (1) those 

 wlio shall be record holders of its common stock at the close 

 of business October 21, 1912, other than the trustees of Boston 

 Woven Hose Securities Co., and (2) those who shall then be 

 record holders of certificates issued by said trustees representing 

 common stock, two thousand (2.000) shares of additional com- 

 mon stock of Boston Woven Hose & Rubber Co. for subscrip- 

 tion proportionately at one hundred dollars ($100) per share, 

 payal)le in cash on or before November 1, 1912. 



'"Under this offering there will acrue to you at the close of 

 business October 21, 1912, the right to subscribe for one-fourth 

 (,}i) as many additional shares of common capital stock of 

 Boston Woven Hose & Rubber Co. as there shall then be shares 

 of its already issued common stock or of common shares in Bos- 

 ton Woven Hose Securities Co. represented by trustees' certifi- 

 cates, as the case may be, standing in your name on the books 

 of the company or of the trustees ; but subscriptions in every 

 case must be for w'hole shares. 



"The privilege of subscribing will expire October 25, 1912. 

 Subscriptions must be filed with the Beacon Trust Co., 20 Milk 

 street, Boston, Massachusetts, not later than that day. They 

 will be payable at the Beacon Trust Co.'s office in Boston, on or 

 before November 1, 1912. 



"The directors have also declared an extra dividend of twenty- 

 five per cent. (25'?'r) on the outstanding common stock, payable 

 November 1. 1912, to stockholders of record at the close of busi- 

 ness October 21, 1912. The amount of this dividend which may 

 accrue to you as the record holder of common stock, or of trus- 

 tees' certificates representing common stock, will be the same as 

 the sum payable under your subscription, if you elect to take the 

 stock to which you may be entitled ; and the dividend may be 

 used in payment of your subscription." 



The treasurer is quoted as having made the following state- 

 ment regarding the condition of the company : "The company has 

 enjoyed the most profitable year in its history and the surplus, 

 amounting to $1,310,000 on September 30, 1912, has reached the 

 point where it is almost 50 per cent. larger than the common 

 stock outstanding, and it was felt by the directors that some of 

 the surplus should be distributed among the stockholders. Cap- 

 ital outstanding consists of $779,500 common and $750,(X)0 pre- 

 ferred. The preferred does not participate in the stock dividend 

 or right to subscribe to new common shares, as it receives a 

 fixed dividend of 6 per cent, annually. The stock dividend will 

 make a very valuable right to stockholders. 



"It is probable that the regular quarterly dividend on the com- 

 mon stock at the next declaration. December 15. will be 3 per 

 cent, instead of 2^4 per cent., thereby increasing the rate to 12 

 per cent, annually." 



THE COLORADO RUBBER CO., DENVER. COLORADO. 



The Colorado Rubber Co., Denver. Colorado, has recently 

 moved into its new building, situated at 1825-1831 Lawrence 

 street, where its facilities for handling business and making 

 shipments are much increased over its previous quarters. 



THE FEDERAL COMPANY DOUBLES ITS CAPITAL. 



The Federal Rubber Manufacturing Co., of Milwaukee, on 

 October 12, filed in the office of the secretary of state amend- 

 ments to its articles of association, increasing its capital stock 

 from $1,000,000 to $2,000,000— the increase consisting of 7 per 

 cent, preferred stock, redeemable at 120. The increased cap- 

 italization has been made necessary by the growth of the com- 

 pany's business in the past year, and to provide for future ex- 

 pansion. In May, 1911, the Federal Rubber Manufacturing Co. 

 purchased the plant of the Federal Rubber Co., at Cudahy, 

 since which time the present company has made extensive ad- 

 ditions to the plant, practically trebling the floor space. A 

 modern office building has been erected. The mechanical equip- 

 ment for the manufacture of automobile, motorcycle and bicycle 

 tires, carriage and truck tires, and a full line of mechanical rub- 

 ber goods is very complete. 



.Additional buildings and other improvements are under way, 

 including a new power plant aggregating 3,500 boiler h. p., and 

 a further addition to the office building. The total expendi- 

 tures for improvements will represent approximately $500,000, 

 giving the company about 250,0(X) square feet of floor space, 

 providing employment for a force of between 1,000 and 2,000 

 men and representing an approximate annual output capacity of 

 $5,000,000. 



AN INCREASE OF CAPITAL STOCK. 



At the regular monthly meeting of the board of directors 

 of the McGraw- Tire & Rubber Co., held at East Palestine, 

 Ohio, October 9, it was unanimously voted to increase the cap- 

 ital stock of this company from $100,000 to $250,000. .\cting 

 upon the very favorable report of the year's business made by 

 President E. C. McGraw, the directors voted a stock dividend 

 of 50 per cent, plus a cash dividend of 10 per cent. The 

 McGraw Tire & Rubber Co. have made several important ad- 

 ditions to their plant this year, including the building of a very 

 fine laboratory. 



This company has also catered to the long felt want of its 

 Eastern patrons, and has opened a selling branch at 1706 Broad- 

 way, New York City. The popularity of the Imperial tires and 

 tubes has already guaranteed the McGraw Tire & Rubber Co. 

 several large contracts for the season of 1913. 



DAY AND NIGHT FOR TIRE PLANTS. 



The United States Tire Co.'s factories will be operated dur- 

 ing the coming winter on full summer schedule, which means 

 night and day. with three shifts of workmen. The decision to 

 continue this plan, begun last year, was reached at a recent 

 conference between General Manager J. M. Gilbert and the 

 company's factory managers. Last winter was the first time in 

 the history of the tire industry that it was considered necessary 

 to maintain a full summer working schedule throughout the 

 so-called oft' season. The plan worked so satisfactorily that its 

 continuation was decided upon. The company's four factories 

 produced more than 1.250.000 tires during the year, and their 

 1913 output will be in excess of tliis number, the equipment of 

 all of the factories having been increased. Mr. Gilbert es- 

 timates that there will be somewhere near 750,0(X) automobiles 

 in use in the United States by the middle of next summer, 

 and adds that his company aims to keep its production up to a 

 figure equal to one-fourth of the tire demands of the country. 



THET SOLD THEIR EXHIBIT. 



Everybody who attended the Rubber Exposition will remem- 

 ber the experimental outfit shown by the Turner, Vaughn & 

 Taylor Co. The entire outfit was sold to the Rubber Regener- 

 atma Co.. of Mishawaka, Lidiana. 



