November i, 1901.] 



THE INDiA RUBBER ^A^ORLD 



57 



^=.The late Charles L. Johnson filled the offices of secretary 

 and treasurer of The L. Candee & Co. (New Haven, Connecti- 

 cut.) His assistant in the office of treasurer, Albert C. Coe, 

 has been elected treasurer, and H. Stewart Hotchkiss, a son of 

 President Henry L. Hotchkiss. and a member of the class of 

 1900 at Yale, has been elected secretary. ==The following is a 

 record of transactions in United States Rubber on the New 

 York Stock Exchange : 



DATES. 



Week 

 Week 

 Week 

 Week 

 Week 

 Week 

 Week 

 Week 

 Week 

 Week 



ending 

 ending 

 ending 

 ending 

 ending 

 ending 

 ending 

 ending 

 ending 

 ending 



Aug. 24 

 Aug. 31 

 Sept. 7 

 Sept. 14 

 Sept. 21 

 Sept. 28 

 Oct. 5 

 Oct. 12 

 Oct. 19 

 Oct. 26 



Common. 



Sales. High. Low 



1,200 



1,000 



900 



1,450 



500 



700 



10,520 



3 451 



1,500 



210 



20^ 

 21 



18 

 n'/i 



iS 



18 



14 



15 



Preferred. 



Sales. 



800 

 1,400 



400 

 1,000 



100 



900 



3,455 

 450 



85 

 700 



RUBBER GOODS IV1ANUFACTURING CO. 

 The figures below record the transactions in Rubber Goods 

 shares on the New York Stock Exchange since the last report 

 published in The Indi.v Rubber World : 



TALK ABOUT CONSOLIDATION. 



An attempt is being made to bring about a further consoli- 

 dation of the mechanical rubber goods industry. The pro- 

 moters are understood to have in view particularly the leading 

 rubber factories at Akron, Ohio, none of which, except the 

 India Rubber Co., has yet entered any combination, and also 

 the principal manufacturers of rubber tires elsewhere who still 

 remain independent. Part of the program is to start with the 

 Rubber Goods Manufacturing Co. as the basis of a new corpo- 

 ration. One report is to the efTect that the underwriting syn- 

 dicate formed in New York to finance the consolidation have 

 failed as yet to secure subscriptions for the greater amount of 

 the money needed. This is regarded as a discouraging fact, 

 and another is the high standard of valuation of the different 

 properties fixed by the present owners. The India Rubber 

 World is informed that, under the laws of Ohio, it would re- 

 quire the signature of every shareholder in a corporation to 

 make valid a sale outright, but the negotiations which have 

 been in progress at Akron have had for their object the pur- 

 chase of a controlling interest in each of the companies. 



Colonel George T. Perkins, president of The B. F. Good- 

 rich Co., at Akron, said to a representative of The India 

 Rubber World : " So far as our company is concerned, there 

 is nothing in the reports that have been published. There 

 have been no negotiations with our company regarding a con- 

 solidation with other rubber concerns, nor a sale to the Rubber 

 Goods Manufacturing Co., or any one else." 



President Frank A. Seiberling, of the Goodyear Tire and 

 Rubber Co., said : " No overtures of any kind have been made 



to our company, and I know nothing of the reported combina- 

 tion or consolidation movement." 



Treasurer A. H. Noah, of the Diamond Rubber Co., said : 

 " So far as the Diamond Rubber Co. is concerned, there are 

 no such negotiations on, and never have been." 



Officials of other Akron rubber companies declined to make 

 any statement for publication. It may be noted that the above 

 denials [apply to companies — and not necessarily to individu- 

 als. In which connection it may be of interest to quote from 

 the Akron Daily Democrat the report that B. G. Work, super- 

 intendent of The B. F. Goodrich Co., has been "slated for the 

 general management of the consolidated interests. He maybe 

 to the rubber business what Schwab is in the United States 

 Steel Corporation." 



ANOTHER RUBBER FACTORY FOR AKRON. 



Recent newspapers reported that Akron had been vis- 

 ited by representatives of out-of-town interests, with a view to 

 organizing a new mechanical rubber company and establishing 

 a new factory in that place. The visitors to Akron were 

 Charles Stein, S. Friedman, and J. Haber. A report from Akron 

 to The India Rubber World says : " They are not giving out 

 anything to the public as yet. Stein is the practical rubber 

 man, and we understand that the others are furnishing the 

 money. Stein has some wagon tire patents, and they will make 

 his tires." It may be mentioned here that in September the in- 

 corporation was reported, under New Jersey laws, of the Stein 

 Double Cushion Tire Co., with $100,000 capital, the incorpora- 

 tors being K. K. McLaren, Evan J. Dudley, and H. S. Gould. 

 The Stein tire was patented in 1892, being designed originally 

 for bicycles. In The India Rubber World of January i, 1901, 

 it was described and illustrated, as adapted to vehicles of all 

 kinds, being exploited at that time by the Stein Double Cushion 

 Tire Co., of Meadville, Pennsylvania. 



NEW ENGLAND RUBBER CLUB. 



The Club is to have a Fall dinner that bids fair to equal any- 

 thing in the way of interest that has yet been planned. It is to 

 be practically a " tropical symposium," among the speakers be- 

 ing, the Hon. William D. Owen, ex-secretary of state of In- 

 diana ; Wilfred A. Joubert, who has spent years in pioneering 

 in Surinam, Professor B. T. Gallaway, chief of the bureau of 

 plant industry, from the department of agriculture at Washing- 

 ton, and others. Formal notices of the dinner to members of 

 the Club, will be sent out very soon. The date of the dinner 

 will probably be November 21. 



GUARANTEE RUBBER CO. ( AKRON, OHIO.) 



The position of president and manager of this company has 

 been taken by Charles C. Kelley, hitherto connected with the 

 rubber factory of Morgan & Wright (Chicago), who has pur- 

 chased the interest of R. T. Griffith in the Guarantee company. 

 TRADE NEWS NOTES. 



The directors of the Hub Gore Works (Brockton, Massa- 

 chusetts) have awarded a contract for a two story brick addi- 

 tion to their factory in the town named, on the completion of 

 which the factory will accommodate 150 looms. The company 

 have factories at Rockland and Chelsea. Massachusetts, in 

 addition to the one recently purchased at Bridgeport, Con- 

 necticut. 



=The Joseph Banigan Rubber Co. (Providence, Rhode 

 Island) were awarded a silver medal at the Pan American Ex- 

 position for the excellence of their products, and a bronze 

 medal for the attractive appearance of their exhibit. 



=James E. Odell, selling agent of the Danversport Rubber 

 Co. (reclaimers of rubber), has removed his office in Boston to 

 No. 186 Devonshire street. 



