August i, 1901.] 



THE INDIA RUBBER M^ORLD 



341 



spreading, is the manufacture of specialties in the line of 

 mechanical rubber goods. For this work there is a good equip- 

 ment of tubing machines, steam presses, and vulcanizers, which 

 are to-day run particularly on rubber heels and soling, round 

 core picking, and round jar rings. The motive power of the 

 factory is furnished by two 100 horse power boilers, the engine 

 being a Rollins of 200 horsepower. In addition to this, the 

 spreaders and churns are run by a 60 horse power dynamo. The 

 factory has also its own electric light plant and modern rapid 

 drive, Walworth sprinklers, Sturtevant exhaust fans, and soon. 

 At present orders are coming in so fast that a night force is 

 used three nights in the week. With the increase of the plant, 

 however, the company hope to be able to fill all orders in tl^e 

 day time, at least during hot weather. 



=The business of the Company is most successfully man- 

 aged by Mr. A. Sydeman, who is treasurer of the company, 

 and also general manager. It is to his energy and foresight 

 that the growth of the company is largely due. 



SEAMLESS RUBBER CO. (NEW HAVEN). 

 At a meeting of the stockholders at New Haven on July 23, 

 it was voted to increase the capital stock of the company from 

 $130,000 to $250,000. In view of the great increase of the busi- 

 ness, the executive force was enlarged by the addition of Mr. 

 J. C. Wilson, formerly of the Hartford Rubber Works Co. The 

 officers of the company are now : George A. Alden, president ; 

 George M. Allerton, treasurer; E. D. Steer, secretary ; J. C. 

 Wilson, general manager. 



RUBBER GOODS MANUFACTURING CO. 

 The following is a record of transactions in the company's 

 shares on the New York Stock Exchange : 



^.=The report became current on July 25 that the earnings of 

 this company for the six months ending June 30, 1901, had 

 amounted to $1,209,563.99, or enough to pay 7 per cent, per 

 annum on the preferred shares and over 11 per cent, on the 

 common. The impression was given out, however, that there 

 would be no early increase in the rate of dividends declared. 



UNITED STATES RUBBER CO. CHANGES. 



On July 25 the resignation of Charles R. Flint as treasurer 

 took eflfect, and James B. Ford was elected to that office. Mr. 

 Ford resigned the office of first vice president, which was filled 

 by the election of Costello C. Converse, who for some years 

 has been vice president of the Boston Rubber Shoe Co. 

 The office of second vice president of the United States 

 Rubber Co. is filled by Lester Leland, general manager of the 

 Boston company. Mr. Flint stated for publication : 



"For some time I have only had a nominal interest in the 

 United States Rubber Co., and in view of my large interest in 

 the Rubber Goods Manufacturing Co. and the increasing de- 

 mands on my time, I have thought it better, in justice to both 



the United States Rubber Co. and myself, to make way for 

 someone who had a large stock interest and who, from the point 

 of view of policy and time, could give closer attention to the 

 affairs of the company." 



Homer E. Sawyer, formerly selling agent of the Boston 

 Rubber Shoe Co., having removed his headquarters to New 

 York, on account of his election as manager of sales of the 

 United States Rubber Co., the position which he filled in Bos- 

 ton has been placed temporarily in charge of A. F. Solbery, 

 who for several years has been the agent of the Boston com- 

 pany at Chicago. "==-A. H. Yeomans, for many years purchas- 

 ing agent for the Boston Rubber Shoe Co., has been appointed 

 purchaser of rubber for the United States Rubber Co., and is 

 now to be found at their general offices in New York. A. H. 

 Brown, who for several years has been Mr. Yeomans's assis- 

 tant, succeeds him at Boston. ==»The following is a record of 

 transactions in the company's shares on the New York Stock 

 Exchange for several weeks past : 



MORE RUBBER RUMORS IN WALL STREET. 

 A REPORT was circulated in Wall street lately to the effect 

 that a plan is under way to consolidate the rubber business in 

 a similar way to that in which the steel business has been con- 

 solidated in the United States Steel Corporation. It was re- 

 ported that the new organization would be composed of the 

 principal dealers in crude rubber, together with the most suc- 

 cessful of the rubber manufacturing companies. Charles R. 

 Flint, when questioned regarding this report, was quoted as 

 follows: "I have a very large interest in the Rubber Goods 

 Manufacturing Co., the acquisition of which would be essential 

 to the successful consummation of a plan such as is referred to 

 in the report shown to me. I consider that the United States 

 Steel Corporation typifies the acme of scientific business, and I 

 have no doubt but that the same result which has taken place 

 in the steel industry will eventually come to pass in the rubber 

 industry." It has been reported that when United States Rub- 

 ber preferred broke below 60 on the recent suspension of divi- 

 dends on that issue, a considerable amount of stock was 

 acquired by important capitalists, several Standard Oil parties 

 being mentioned in this connection. 



TRADE NEWS NOTES. 



A SUIT brought by the Consolidated Rubber Tire Co. 

 against the Kelly Springfield Rubber Tire Co., of Davenport, 

 Iowa, in the United States circuit court in Iowa, to restrain the 

 latter from the use of their corporate name, and from molding 

 the same on their rubber tires, has been decided by Judge 

 McPherson, who declines to grant the injunction asked for. 



=Cavanaugh, Brothers & Knapp, of New York, have leased 

 the plant of the Standard Rubber Co. (Brockton, Mass.) for 

 use in manufacturing army ponchos, for which they have a 

 contract with the government. 



= While there has been no revolution in the management of 

 the business of the United States Rubber Co., there has been 

 a more comprehensive and vital grasp taken by those in charge. 

 This is seen by the rearrangment of minor offices, so that they 

 are not only better controlled but are able to cooperate for the 

 interests of the company. 



