March 1-, 1911.] 



THE INDIA RUBBER WORLD 



209 



News of the American Rubber Trade. 



NEW YORK RUBBEK CO.— ANNUAL. 



A the amuial stockholders' meeting of the New York Rub- 

 ber Co. (New York), held January 31, the following 

 trustees were re-elected for the ensuing year : John P. 

 Rider, A. Montgomery, Jr., John Acken, Rufus A. Brown, Will- 

 iam II. Lee, Edward S. Woodward and Henry Montgomery. 

 The trustees held a meeting on Feliruary 8, at which John P. 

 Rider, who had been for 48 years connected with the company, 

 tendered his resignation as its president, on account of ill 

 health. The resignation was accepted, with expressions of sin- 

 cere regret and the retiring president was elected chairman 

 of the board of trustees. The following are the officers elected 

 for tlie current year : 



President and Treasurer — John .\cken. 

 Vice-President and Secretary — Henry Montgomery. 

 Second Vice-President — Henry F. liering. 



CHICAGO RUBBER CLOTHIN& CO.— ANNUAL. 



The annual meeting of the stockholders of tlie Chicago Ruli- 

 ber Clothing Co. (Racine, Wisconsin), was held at the com- 

 pany's office, on January 28. Reports showing a satisfactory 

 business during 1910 and prospects of an increase during the 

 current year, were presented and the board of directors of last 

 year re-elected. Tlie board re-elected the officers, as follows : 



President — Charles H. Lee. 

 Treasurer — E. V. Laiighton. 

 Secretary and General Manager — George G. Bryant. 



CENTRAL CITY RUBBER CO.— ANNUAL. 



The annual meeting of stockholders of the Central City Rub- 

 ber Co. (Syracuse, New York), was held in that city on Janu- 

 ary 28. A satisfactory account of the year's business was pre- 

 sented, enabling the company, although it was the first year of 

 its business, to declare a dividend of 7 per cent, on the preferred 

 shares. It was voted to increase the capital by the sale of 

 $10,000 additional shares, to meet the demands entailed by the 

 growth of the business. The directors elected for the ensuing 

 year were David A. Gould, John R. Graham, A. Park Sager, 

 Daniel A. Pierce and Herbert F. Smith. The board elected 

 ■officers as follows : 



President — David A. Gould. 



Vice-President — A. Park Sager. 



Secretary and 7'rcasiirer — John R. Graham. 



THE CANTON RUBBER CO. 



At the annual meeting of stockholders of the Canton Rubber 

 Co. (Canton, Ohio) to be held March 3 a proposition to increase 

 the company's capital stock from $35,000 to $200,000 will be 

 presented for ratification. The rapid expansion of tlie company's 

 business makes increased manufacturing accommodations im- 

 perative and a site has been purchased on Marion street, on 

 which a four-story brick and concrete building, 45 x 250 feet, 

 will be erected, in wliich, with the best machinery, it will be 

 possible to employ 200 hands in place of the present force of 38. 



The business was establislicd in 1898 by R. D. Bradley, its 

 present president, in pnrtncrsliip with F.dvvin Davis, now the 

 company's vice-president, and starting with a dwelling house, 

 the present factory gradually developed. In 1901 the company 

 was incorporated with a capital of $35,000 under its present title 

 as manufacturers of fine druggists sundries, specialties and pure 

 Para seamless ruliber goods. Since that period tlieir business 

 at home and 'abroad has grown wonderfully, the increase for last 

 year over the preceding period having been upwards of 50 per 

 cent. 



Work on the new factory, for which plans are now nearly 

 computed, will be commenced in April so that the building will 

 be finished by October and available for the fall trade. It vifill 

 have spur tracks to the Pennsylvania, Baltimore and Ohio rail- 

 roads and every facility for handling a .greatly increased business. 



THE YEARS BUSINESS OF THE MACKAY COMPANIES. 



The report of the year's business of the Mackay Companies, 

 for the twelve months ending February 1, presented at the an- 

 nual meeting of the trustees, held on February 16, shows total 

 receipts of $4,125,907, an increase of $317,128, as compared with 

 the receipts for the preceding year. The dividends paid on the 

 Mackay Companies, which consist of a majority stock interest 

 in 102 prosperous land aiul marine telegraph and telephone cor- 

 porations in the United States, Canada and Europe, including the 

 entire stock of the Conunercial Cable Co. and the Postal Tele- 

 graph system, was $4,009,020, compared with a distribution of 

 $3,758,667 in 1910. The operating expenses, etc., amounted to 

 $37,194 for 1911, compared with $32,284 for 1910, the increase 

 being due to higher prices paid for labor and to the construction 

 of new land and cable lines. The trustees reported the sale, in 

 February last, of the company's entire holdings in the American 

 Telephone and Telegraph Co., commonly known as the Bell 

 Telephone Co. The expediency of the sale was dictated 

 by changes in the relations between the company in question and 

 llie Western Union Telegraph Co., by which the advan- 

 tages derived by the Mackay Co. from ownership of telephone 

 phone stock, were neutralized. About $12,000,000 was realized 

 from the sale, which was invested intact, at good interest, and is 

 reserved as a contingency fund. In addition the company carried 

 forward a balance of $19,093 to next year's account. An interest- 

 ing and gratifying feature of the year's business was the increas- 

 ing extent to which the company's employes are investing their 

 savings in its securities, their holdings now amounting to up- 

 wards of two million dollars. 



AN ERROR or OMISSION. 



In a notice of a banquet given to the employes of the Mldcon- 

 roy Co., Inc. (Philadeli)hia), in the February number of The 

 Indi.\ Rubber World, we referred to the company as "dealers in 

 rubber goods." This was an error of omission which we desire 

 to correct; the company are not only dealers in but manufac- 

 turers of rubber goods on quite an extensive scale, their produc- 

 tions including belting, packing, hose, mechanical rubber goods 

 for all purposes, and the well-known "Seven League" rubber 

 boots, their factory being located at No. 816 Appletree street, 

 where they Iiave a capacity for manufacturing 2,500 feet of hose 

 and 100 pairs of boots daily. The "Seven League" rubber boot is 

 a patented article, having rubber uppers on a leather sole, the 

 feature of the patent being tlie inseparable and waterproof con- 

 nection of the waterproof leather and rubber sole with tlie 

 equally durable and waterproof rubber and canvas upper. 



BOSTON RUBBER HOSE AND RUBBER CO. DIVIDEND. 



The directors of the Boston Woven Hose and Rubber Co. 

 (Boston), have declared a quarterly dividend of two dollars 

 and a half ($2.50) per share on the common stock, payable 

 March 15, 1911, to stockliolders of record, March 4. I'Ul. 



A MILLION DOLLAR RUBBER COMPANY IN MAINE. 



The certificate of organization of the .Asia Rubber Co. of 

 America, provides that the purpose of said company is to man- 

 ufacture and trade in india-rul)ber, its ingredients and by- 

 products, and such gums, minerals, etc., as may be needed for 

 incorporation with it in its manufacture; the acquisition of such 

 property, machinery, raw material, etc., as may be required in 

 carrying on the business, and the purchase, leasing, holding, rent- 

 ing, etc.. of such processes, mechanical devices, patents, inven- 

 tions, improvements, etc., as may l)e needed in connection there- 

 with, and to issue, hold or sell stocks, bonds, or other oljligations 

 that may be needed in acquiring possession of any corporation 

 engaged in similar businesses, either domestic or foreign, to 

 carry on the business of transporting freight or passengers, on 



