Makcii 1, 1913. 



THE INDIA RUBBER WORLD 



309 



News of the American Rubber Trade. 



THE APSLEY RUBBER CO. INCREASES ITS CAPITAL. 



THE Apslcy Rubber Co. increased it.s capital in February from 

 $750,000 to $1,000,000 by adding $50,000 to its common 

 stock and $200,000 to its preferred stock, bringing each of 

 ■these stocks to a full issue of $500,000. 



Both are 7 per cent, stocks which have never failed to earn 

 and pay their dividend. The stock has been selling in the open 

 market at $114 whenever it appeared upon the market, which 

 has been very seldom. The present stockholders have been 

 given the right to subscribe to this new issue of stock at par. and 

 we learn that the rights, where anyone wished to dispose of 

 them, are selling at $5.00 and $6.00 premium. The date of sub- 

 scription and tlie date of payment both expired February 25. 



The Apsley Rubber Co. did the largest business last year they 

 have ever done ; and notwithstanding the open winter, they 

 are now ahead of last year at the same date. They are putting 

 in some new heavy machinery, which they have bought of the 

 Parrel Foundry & Machine Co., which is now being installed, for 

 the purpose of making lieavy rubber clothing. 



THE FISK CO. INCREASES ITS CAPITAL STOCK. 



The Fisk Rubber Co., of Chicopee Falls, Massachusetts, has 

 issued $3,000,000 additional in 7 per cent, first preferred stock. 

 The new authorized capital is $15,000,000, of which $5,000,000 is 

 first preferred, $2,000,000 second preferred, convertible and 

 common, and .$8,000,000 common. The directors of the enlarged 

 company will include H. T. Dunn, H. G. Fisk, J. C. Cole, R. B. 

 McGraw and G. A. Luddington. The officers will be as follows: 

 President, Mr. Dunn; treasurer, Mr. Fisk: vice-president, Mr. 

 Cole, secretary, Mr. McGraw. 



The Fisk company is in need of increased factory facilities, 

 although the capacity of the plant has been increased 40 per 

 cent, during the past year and the factory has been in operation 

 day and night. -Since 1908 the output of automobile casings or 

 shoes has increased frotn 57,695 to 221,826; of inner tubes from 

 40,960 to 198,925, and of bicycle tires from 84,387 to 240,623. 

 The company is now manufacturing 1,300 automobile tires a 

 day, and expects through the use of the new buildings now under 

 construction to increase this to 1,800 a day. 



AMERICAN TIRE COITPANY INCREASES CAPITAL. 



At the recent annual meeting of the .\merican Tire and Rub- 

 ber Company of Akron, Ohio, the following new directorate was 

 elected : Adam Duncan. Charles F. Fosnight, F. L. Kryder. 

 Gus Sieberling, C. M. Wertz, G. C. Waltz, F. ^^. Lapp. Frank 

 Pfeiffer and James Shaw. 



In the subsequent election of officials, Adam Duncan was 

 chosen as president and treasurer, but from the pressure of busi- 

 ness, declined to serve in the latter capacity, Frank Pfeiffer being 

 thereupon elected treasurer. G. C. Waltz was chosen vice-pres- 

 ident and F. E. Rowe, secretary and assistant treasurer. 



The first business undertaken by the new board of directors 

 was the increase of the capital of the company from $200,000 

 to $500,000. It is not, however, intended to issue at the present 

 time more than $50,000 of the new stock. A new solid tire is 

 being perfected by the company, which will soon be placed on the 

 market. Patents for the new tire will shortly be issued. 



FIRESTONE GETS BIG TIRE ORDER. 



An order for 2(X),000 tires is said to ha\e been booked by the 

 Firestone Tire and Rubber Co., Akron, from the Ford Motor 

 Co. of Detroit. The order represents over $2,000,000. 



The Seamless Rubber Co. of New Haven has filed a certifi- 

 cate of issue of five thousand additional shares of capital stock, 

 making the outstanding stock $500,000 of common stock and 

 $500,000 of preferred stock. 



THE CINCINNATI RUBBER MANUFACTURING CO. 



The annual meeting of the stock holders of this company was 

 held February 11. The old board of directors consisting of 

 Casper II. Rowe, J. A. Green, S. E. Ililles, George McG. Morris 

 and J. M. Crawford was re-elected, and the following officers 

 were chosen for 1913: S. D. Baldwin, president; Fred A. Geier, 

 vice-president; F. D. Scherl, secretary and treasurer, and A. D. 

 Rogers, sales manager. The results of the company's operations 

 for 1912 were very satisfactory, and during the present year sub- 

 stantial improvements and additions will be made to the com- 

 pany's plant. 



CHICAGO RUBBER CLOTHING CO. 



At the recent annual meeting of the stockholders of the Chi- 

 cago Rubber Clothing Co., Racine, Wisconsin, the same board 

 of directors was re-elected, and the following officers were also 

 re-elected: Honorable Charles H. Lee, president; E. V. Laugh- 

 ton, treasurer, and George G. Bryant, secretary and general 

 manager, 



THE M'GHAW OFFICERS AND DIRECTORS. 



The McGraw Tire & Rubber Co., East Palestine. Ohio, at the 

 meeting recently held, elected the following officers and directors : 



Ofticers— E. C. McGraw, president; R. W. McGraw, vice-presi- 

 dent ; R. B. Taggart, treasurer, and L. M. Kyes, secretary. 



The following were elected directors— E. C. McGraw, Mrs. E. 

 C. McGraw, R. W. McGraw, John Morgan, L. M. Kyes, R. F. 

 Taggart, R. B. Taggart, J. C. Chamberlin, C. L. Merwin, H. C. 

 Eraser, Geo. Flaccus, J. C. Chaplin, J. S. Wilson, F. H. Rea and 

 C. H. Bolton. 



The report of the company shows that $1,160,000 worth of auto- 

 mobile tires were manufactured and sold by the company in the 

 year 1912. The company hopes to double its output during 1913. 



RECOVERING TTNCUBED FRICTION SCRAP. 



The Acushnct Process Co. has been trying some experiments 

 in the recovering of uncured friction scrap, in which they have 

 been very successful. Their process dififers radically from 

 those commonly used, and is more costly to operate, but the 

 rubber obtained is said to be entirely free from any effects of 

 vulcanization, which allows it to be put to more uses. 



The Acushnet Co. has recently produced a rubber which it 

 claims possesses the characteristics of guayule, and which is said 

 to be already in active request. The Acushnet Co. has devoted 

 a great deal of time and thought to the development of this new 

 product, which seems likely to prove very popular. The new 

 rubber is soft and capable of absorbing a large amount of com- 

 pound, cures quickly and is sold washed and dried. The company 

 is prepared to furnish samples, crude and vulcanized, and to 

 quote attractive prices, and also to guarantee deliveries as per 

 specifications. 



TRUE— AS FAR AS IT WENT. 



The February issue of The India Rubber World had a para- 

 graph to the effect that the Air-Brake Department of the Re- 

 public Rubber Co., made a record on January 7, in producing 

 short length hose— turning out on that day 11,500 feet. This 

 was quite true as far as it went, but it was too modest a state- 

 ment. The paragraph should have read 11,500 pieces instead of 

 feet; and as each piece was 22 inches long, the record for the 

 factory on that particular day was 21,083 feet of air-brake hose 

 — very nearly four miles. The company believes that this is the 

 record for one day, and as far as there is any information avail- 

 able at the present time, the company appears to be right in its 

 belief. 



