July i, 1901.] 



THE INDIA RUBBER WORLD 



307 



as to warrant its transfer to the new quarters, where it is now 

 doing daty, apparently as good as new, after years of service. 

 ==The •■ P. & B." exhibit made by this company at the Paris 

 Exposition of 1900 was described and illustrated in The India 

 Rubber World at the time. They have an equally elTective 

 display this year at the Pan American Exposition at Buffalo. 



Mr. Ralph L. Shainwald, president of the Standard Paint 



Co., sailed from New York on June 6, intending to spend the 

 summer in Europe on business. They have a European factory 

 and agencies throughout Great Britain and in leading cities on 

 the continent. 



DIAMOND RUBBER CO. IN HARD RUBBER. 

 It is authoritatively stated that the Diamond Rubber Co. 

 (Akron, Ohio) have determined to engage in the manufacture 

 of hard rubber goods on an extensive scale. They are at 

 present turning out an attractive line of samples.= = During 

 the month the company awarded contracts for the construc- 

 tion of a new five story brick building, 325x80 feet, which, it is 

 understood, will be devoted wholly to the manufacture of tires. 

 The building now occupied by their tire department may be de- 

 voted, in part, to the making of hard rubber goods. 



UNITED STATES RUBBER STOCKS. 

 The following is a record of transactions on the New York 

 Stock Exchange, for several weeks past : 



A sworn statement filed with the Massachusetts commis- 

 sioner of corporations on June 5, 1901, as required by the laws 

 of that state, showing the condition of the company's aflairs 

 March 31, 1901, contains some details which do not appear in 

 the company's annual report, for which reason the figures are 

 given here : 



ASSETS. 



Real estate, buildings, machinery, furniture and fi.xtures $ 1,700,902 26 



Cash and debts receivable 1,433,64678 



Manufactures, merchandise, material, stock in process 1.259,353 31 



Patent rights 215,41738 



Loans secured by mortgage 30,ooo.co 



Investments in stocks of other companies 45.377,036.13 



Total $50,016,355.66 



LIABILITIES. 



Capital stock, preferred $23,525,500.00 



Capital stock, common 23,666,000.00 



Debts, general 1,648,693.58 



Debts, for goods sold 1,151,14927 



Balance, profit and loss 25,01301 



Total $50,016,35586 



PROFITS OF AMERICAN CHICLE CO. 

 The regular quarterly dividend of ij^ per cent, on the pre- 

 ferred stock and a dividend of 2 per cent, on the com- 

 mon stock have been declared, payable July i. The amount to 

 be disbursed will be §45.000 on the preferred and $120,000 on the 

 common— a total o( $165,000. These stocks have been qu<ntri 

 during the month : Preferred — 80 bid, 87 asked; Common — 

 80 bid, 82 asked. =Imports of Chicle into the United Stales 

 during the ten months ended April 30 amounted to 2,336,668 

 pounds, against 1,963,182 pounds in the same period of the pre- 



ceding year, and 1,710,039 pounds in the ten months ended 

 April 30, 1899 -=A newspaper article reports the sales of the 

 company at 135,000,000 packages per year, which, at 5 cents, 

 gives a retail selling value of $6,750,000. 



RUBBER TIRE SUIT COMPROMISED, 

 The suits of the Goodyear Tire and Rubber Co., Hartford 

 Rubber Works Co., and th6 India Rubber Co. against the Con- 

 solidated Rubber Tire Co. for a permanent injunction restrain- 

 ing the directors of the Consolidated Rubber Tire Co. from 

 retiring $3,000,000 preferred stock and converting it into de- 

 benture bonds was disposed of on June 24, when Vice-Chan- 

 cellor Pitney, at Jersey City,J by consent of the two parties, 

 raised the injunction preventing the issue of debenture bonds 

 and retirement of the preferred stock and allowing the issue of 

 the proposed bonds on condition that each bond shall contain 

 a clause whereby the existing rights of creditors shall in no 

 wise be prejudiced by reason of such issue. The proposition 

 to put such a clause in the bond was made by the defendants 

 in the case in the course of the argument in the injunction suit 

 and was accepted by the plaintiffs. Previous to the agreement 

 R. V. Lindabury, counsel of the Consolidated Rubber Tire Co,, 

 filed an answer denying all the charges o( fraud and insolvency. 

 The answer claimed that the Consolidated company have 

 earned profits of $80,000 in the last four months and that the 

 present assets of the company are more than $800,000 and that 

 they can pay their debts many times over. Affidavits were 

 filed in support of the answer. 



NEW INCORPORATIONS. 



The American Belling Co. (Youngstown, Ohio). May 23, 

 under Ohio laws; capital, $50,000. To manufacture canvas oil- 

 stitched belting. Incorporators : J. Edwin Davis, J. S. Mc- 

 Clurg, George F. Arrel, John F Harrington, John E. McVey. 

 A factory is being erected, with the idea of beginning work by 

 August I. The two leading incorporators are officers of the 

 Mahoning Rubber Manufacturing Co. 



=:The Empire Rubber Shoe Co., May 31, under New York 

 laws ; capital, $50,000. Herman Clarke, president ; Charles P. 

 Russell, secretary ; Clarence V. N. Radcliffe, treasurer; W. H. 

 Gorman, general agent. No, 82 Duane street. New York. These, 

 and C, M. Swift, of New York, constitute the board of direc- 

 tors. This company have leased the factory of the Model 

 Rubber Co. (Woonsocket, Rhode Island), as reported in the 

 last India Rubber World. The mill was started June 10, on 

 samples, and later in the month a full start was made. Patrick 

 J. Wren and Frederick Hadfield, who were among the incorpo- 

 rators of the Model Rubber Co. two years ago, and who had 

 charge of the factory, have been employed by the new company 

 to continue in charge of the manufacturing. 



= The Pequanac Rubber Co. (Butler, New Jersey), June 10, 

 under New Jersey laws ; capital, $60,000. Incorporators : Joseph 

 F. McLean, Charles J. Trent, Paul Witteck. The parties inter- 

 ested promise details for publication in our next issue, 



= Ball Tire Co, (New York), June 19, under New Jersey laws, 

 to manufacture vehicle tires; capital, $300,000. Directors: 

 Mendel Presberger, Passaic, N. J. ; Maurice Moses and M. F. 

 Moses, New York city. 



= Pneumatic Syndicate Co., June 6, under New Jersey laws, 

 to manufacture pneumatic horse collars; capital, $120,000. 

 Incorporators: Henderson B. Hays, A. Livingston Norman, 

 (jeorge W. Flaacke, Jr. Principal office : No. i Montgomery 

 street, Jersey City. This, The India Rubber World was 

 informed at the time, was " the preliminary organization of the 

 American Pneumatic Horse Collar Co" 



= The American Pneumatic Horse Collar Co., June 14, un- 

 der New Jersey laws, to manufacture pneumatic horse collars ; 



