264 



THE INDIA RUBBER WORLD 



[February 1, 1913. 



TRADE NEWS NOTES. 



The Loewenthal Co. has removed its warehouse and office 

 in New York from 481 Washington street to 136 Watts street. 



The Empire Rubber and Tire Co., Trenton, New Jersey, was 

 incorporated with a capitalization of $1,000,000 on January 2, 

 1913, and toolt over the assets and liabilities of the Empire Rub- 

 ber Mfg. Co. and the Empire Tire Co., both of the same place. 



The Mayflower Rubber Worl<s, of South Braintree, Massa- 

 chusetts, is a new company of which Wilham Killion is presi- 

 dent, and S. R. Nichols is treasurer. They make a general line 

 of molded specialties, which are marketed through the F. W. 

 Wicher Co., Albany Building, Boston. 



A branch has been opened in Atlanta, Georgia, by the Mans- 

 field Tire and Rubber Co., Mansfield. Ohio, with Robert E. 

 Warwich in charge as manager. 



A new concern has recently been formed in New York — to 

 begin business the present month— called the Wholesale Auto 

 Tire Co., which will deal in unguaranteed tires. W. P. Cole is 

 the manager, and Wilfred E. Willis, the assistant manager. 



The object of this company is to deal in surplus and factory 

 seconds, and also in first-grade tires where they can be bought 

 at a low figure. The company will do only a wholesale business 

 and will sell no goods at retail. 



The Firestone Tire & Rubber Co., on January 15, paid a quar- 

 terly dividend of lYz per cent, on its common stock and 154 

 per cent, on its preferred stock. 



The Standard Raincoat Co., whose factory at Milford, Mas- 

 sachusetts, was recently destroyed by fire, has decided to move 

 to Everett, in the same State, and will occupy a factory formerly 

 used in the making of shoes. 



The Victor Rubber Co.. of Springfield, Ohio, has increased its 

 capital from $69,000 to $100,000. 



At a meeting of the board of directors of the Chicago Rubber 

 Clothing Co., of Racine, Wisconsin, held January 15, a dividend 

 of 12 per cent, on the outstanding stock was declared. 



THE HIBERNATION OF TIRES. 



The Service Bureau of the United States Tire Co. gives some 

 seasonable advice an the proper way to winter tires. 



"In laying up a car the tires should be removed from the 

 rims and wtashed thoroughly with soap and water. They should 

 then be carefully wrapped in strips of paper or cloth and 

 stored in a dark place which is kept as nearly as possible at a 

 temperature of 50 degrees. 



"If the tires are to remain on the wheels for a considerable 

 length of time while the car is out of service, the wheels should 

 be jacked up and only about five pounds of air left in each tire. 

 This keeps the tubes in shape and also preserves their softness 

 and pliability. When the wheels are not jacked up and the car 

 is allowed to stand for any length of time, the tires should 

 be kept well inflated and the car moved occasionally, so that 

 the tires do not flatten from standing too long on one spot." 



THE ELWELL RUBBER CO. MOVES. 



The Elwell Rubber Co. has recently removed from Trenton, 

 New Jersey, to Stoughton. Massachusetts, having purchased 

 the plant formerly occupied in that town by the Plymouth Rub- 

 ber Co. It manufactures rubber heels and employs about 150 

 hands. 



TO FILL TIRES WITH "DIXITE." 

 A new company has just been incorporated in Louisville, 

 Kentucky, called the Dixie Rubber Co., for the purpose of 

 manufacturing "Di.xite," a substance for filling rubber tires. 

 The capital stock of the company is $5,000, issued in shares of 

 $10 each. 



THE UNITED STATES RUBBER CO. BUYS THE 

 RUBBER REGENERATING CO. 



THE United States Rubber Co. recently made application to 

 the New York Stock Exchange to list $6,000,000 additional 

 common stock to be used for the purchase of the Rubber Re- 

 generating Co., of Mishawaka. Indiana — a corporation with 

 $1,500,000 common stock and a certain amount of preferred stock 

 outst;mding. 



-As there was considerable criticism in the columns of the 

 daily press over the company's report for the six months ending 

 September 30, 1912, which accompanied this apphcation. Presi- 

 dent Samuel P. Colt, of the United States Rubber Co., has made 

 the following statement ; 



"Judging from newspaper articles to whicli my attention has 

 been called, several matters in the recent application of the United 

 States Rubber Co. to list additional common and first preferred 

 stock were misunderstood. .As stated in the application, which 

 has been duly granted by the authorities of the Stock Exchange, 

 $6,000,000 additional common stock is to be given in exchange 

 for the entire common stock of the Rubber Regenerating Co. 



"It is only fair that our stockholders should know at this early 

 date that the entire earnings of the United States Rubber Co. 

 for this fiscal year promise to be largely in excess of dividend 

 requirements. The earnings of the Rubber Regenerating Co. are 

 now double the dividends on the amount of the United States 

 Rubber Co. common stock issued in exchange for the correspond- 

 ing issue of that company. Furthermore, the United States Rub- 

 ber Co. will undoubtedly, aside from earnings, be indirectly bene- 

 fited to a large extent by the acquisition of the Rubber Regener- 

 ating Co. 



"There seems to have been some misapprehension as to the 

 amount of surplus shown in the statement of the United States 

 Rubber Co. to the Stock Exchange for the six months ended 

 September 30, in comparison with the surplus shown as of 

 March 31 last, in the annual report. Apparently it has been 

 overlooked that in the meantime the company has declared and 

 paid a stock dividend of $5,000,000 to its common shareholders. 

 Obviously the surplus was reduced by that amount. 



"In making the application to the Stock Exchange to list the 

 additional common and first preferred stock, as complete financial 

 statements as possible for the various companies involved were 

 made. The application was filed some time before the close of 

 the fiscal year of the United States Rubber Co., and its subsidi- 

 aries; consequently it was impossible to render complete state- 

 ments, as could have been done if the application had been filed 

 some little time after the close of the fiscal period. 



"To my mind the important point in this whole matter is that 

 which I have already referred to. namely, that the earnings of 

 the United States Rubber Co. promise to be largely in excess 

 of all dividend requirements." 



OFFICERS OF THE MANSFIELD TIRE & RUBBER CO. 



At the annual meeting of the stockholders of the Mansfield 

 Tire & Rubber Co.. of Piqua. Ohio, the following officers and 

 directors were elected: C. R. Grant, president; G. W. Henne, 

 vice-president and general manager; Jesse E. LaDow, secretary; 

 W. F. Henne. treasurer. These w-ith Dimon Herring, William 

 Isaly. Charles Hofifman and John Schauer. comprise the board 

 of directors. 



A RUBBER PLANT IN OREGON. 



It is stated that some citizens of Portland, Oregon, including 

 Dr. E. G. Watts and Ray Pritchard, are engaged in promoting 

 an enterprise for the manufacture of druggists' sundries in the 

 town of Stanfield — not far from Portland. The town has con- 

 tributed a site containing two acres for the factory, which is 

 50 X 100 feet in size. It is hoped that manufacturing operations 

 will begin (on a small scale) in the immediate future. 



