June 1, 1914. 



THE INDIA RUBBER WORLD 



493 



THE IT. S. TIRE CO. ESTABLISHES NEW AGENCIES. 



Tlirough John B. Tower, head of the export department, who 

 has recently returned from an extended trip to Jamaica, Panama, 

 Porto Rico and other southern points, the United States Tire Co. 

 has established new agencies at Kingston (Jamaica) and Panama. 

 Henrique Bros., owners of the Industrial Garage, were appointed 

 agents in the former city, and Smallwood Bros., proprietors of 

 the Pan-.'X.merican Automobile & Supply Co., received a similar 

 appointment in Panama. Mr. Tower reports excellent liusiness 

 in every district he visited, the distributors of tires in those sec- 

 tions being steady, consistent and enthusiastic advertisers. He 

 states that in Kingston, where the smaller and lighter weight cars 

 predominate, as well as in Panama and Purtn Rico, where the 

 larger and heavier styles are preferred and where anti-skids are 

 used almost entirely, the "Nobby Tread" has become extremely 

 popular. This company is represented in Porto Rico liy the firm 

 of Pietrantoni & Sojo, wdiose headquarters are at San Juan and 

 who have sub-agencies at Ponce, Guayama, Mayaguez, Arecibo. 

 Aguadilla, San .Sebastian and Humacao. 



ADDITIONS TO THE VICTORBALATA PLANT AT EASTON. 



The Victor-Balata & Textile Belting Co., manufacturers of 

 Victor-Balata, Canvas Stitched, Keystone Hair and other beltings 

 — whose office and salesrooms are at 51 Beekman street, New- 

 York — has recently completed an addition to its plant at Easton, 

 Pennsylvania, increasing by one-half the area occupied. This 

 new addition, like the other buildings, is of steel and concrete ; 

 the machinery is of special design and most modern and heavy 

 construction, and the ligluing and heating arrangements, as well 

 as all appliances and appurtenances, are of the highest character. 

 Victor-Balata was formerly imported into this country through 

 American agents, but the added costs and the delays thereby 

 entailed were such as to lead to the erection of the jiresent ex- 

 tensive plant. 



CHANGES IN TIRE PRICES. 



Following the general reduction in tire prices not long ago 

 prophecies were made of an increase being necessitated when 

 the demand for tires for summer travel should really set in. 

 While this prophecy has not yet been fulfilled, sotne price changes 

 are taking place, the first to be noted being an increase of about 

 2 per cent, on two sizes of tires made by the Fisk Rubber Co., 

 and the second a reduction of about 5 per cent, in the price of 

 the Goodyear Tire & Rubber Co.'s individual block motor truck 

 tires, bringing the price of this type of tire down to the same 

 figure at which liie endless variety may be purchased. The 

 Goodyear company exjilains this reduction in price by the state- 

 ment that the enlarged volume of production necessitated by 

 the constantly increasing demand for this particular type of tire 

 has lowered the cost to an extent sufficient to warrant the de- 

 crease in selling price. 



KELLY-SPRINGFIELD REFINANCING PLAN ADOPTED. 



The special meeting of the stockhnkiers of the Kelly-Spring- 

 lield Tire Co. of May 4 resulted in the adoption of a refinancing 

 plan. This plan calls for an increase of the capital stock of the 

 company from $5,149,500 to double that amount, or $10,299,000. 

 The former capital stock was divided between; 4 per cent, income 

 debenture bonds due April 1, 1915, amounting to $2,850,500; 

 6 per cent, cumulative preferred stock — upon which arrears of 

 dividends amount to 78' S per cent. — to the amount of $1,149,500, 

 and common stock to the value of $4,000,000. By the new 

 arrangement the capital stock is divided between; 6 per cent. 

 cumulative preferred stock amounting to $4,239,200; 7 per cent, 

 cumulative second preferred stock to the amoimt of $1,029,900 

 (which represents the yS'A per cent, back dividends), and com- 

 mon stock to the value of $5,029,900. The following directors 

 were re-elected ; Van .\. Cartmell, F. A. Seaman, Austin Poole. 

 Stephen Peabody, Gustave Maas, .\. T. Schcuer and J. Oppen- 

 hcini. 



TRADE NEWS NOTES. 



-V new concern — the Franco-American Rubber Co. — has 

 been incorporated in Delaware, with a capital stock of $5,- 

 000,000 to engage in the manufacture of machinery and 

 processes for extracting rubber from trees and vines and 

 purifying and cleansing the extracted product. The incor- 

 porators are F. D. Buck, George W. Dillman and M. L. 

 Horty. all of Wilmington. 



Gutta Percha & Rubber, Limited, vv'hose factories and prin- 

 cipal offices are located in Toronto, Ontario, intend very soon to 

 erect a warehouse building at Regina, Saskatchewan, and to 

 establish a permanent branch in that city, where a small stock is 

 now carried. A plot of ground on Broad street has been pur- 

 chased for this purpose and the proposed warehouse will be three 

 or four stories high and cost in the neighborhood of $30,000. 

 Tliis company already has branches at Halifax, Montreal, Winni- 

 peg, Calgary and Vancouver, Canada, and at Sydney and Mel- 

 bourne, .\ustralia. 



The Kingston Rubber Brush Co. has removed from its former 

 location at Kingston, New York, to 6102 Market street, Phila- 

 '.lelphia. 



The Buffalo Foundry & Machine Co., of Buffalo, Xew 

 York, announce the termination of the arrangement whereby 

 II. E. Jacoby has been representing them in New York City 

 and vicinity. They are now handling direct all inquiries 

 covering vacuum apparatus, castings, patterns and machine 

 work. 



The partnership of Eggcrs Bros. & Pounds, crude rubber 

 importers, 16 Exchange place. New York, has been dissolved 

 and the business formerly conducted by Alfred and Ludwig 

 Eggers and W. S. Pounds under that partnership has been 

 transferred to Dunbar & Co., of 290 Broadway, incorporated 

 April 25 with an authorized capital stock of $200,000 to deal 

 in crude rubber and allied products. 



A complete line of Dreadnaught tires and tubes — including an 

 anti-skid cover and a patented vacuum tread — has been placed 

 on the market by the Dreadnaught Tire & Rubber Co. from its 

 factory at Baltimore which has been under construction for the 

 past year and is now in full operation. This factory, which is 

 under the management of Walter Dunbar, is witliin easy distance 

 of the water front and enjoys excellent shipping facilities. 

 Agencies for this tire are said to have already l)cen established 

 in a number of the larger cities. 



At a meeting of the l)oard of directors of the McGraw Tire & 

 Rubber Co., held on May 1. action was taken to provide for the 

 increase of the capital stock of the company from $1,0(X),000 to 

 $1,500,000. F. B. Squire has been elected to the board of di- 

 rectors, to succeed R. F. Ta.ggart, retired. President E. C. 

 McGraw estimates that the 1914 business of the company will 

 amount to I)etwccn $4,000,000 and $5,0(X),(XX), the plant now being 

 in nper;ili(in day and night with a force of 600 at w-ork. 



.-V residence at Henshaw Park — a suburb of Worcester, Massa- 

 chusetts — now- being erected for J. E. Girouard of that place, is 

 lo have an entire asbestos roof. 



Work was begun about the middle of May installing machinery 

 in the factory of the C. H. Stoddard Rubber Tire Co., on Howe 

 avenue. MiUnury, Massachusetts, and it is expected that opera- 

 tions will cciniuHMicc in the new building soon after June 1. 



RUBBER COMPANY DIVIDEND. 



The Boston Woven Hose & Rubber Co. has declared a regular 

 quarterly dividend of 3 per cent, on its common stock and a regu- 

 lar semi-annual dividend of 3 per cent, on its preferred stock — 

 payable June 15 to stockholders of record on June 10. 



The Plymouth Rubber Co. has declared a regular quarterly 

 dividend of l->4 per cent, on its preferred stock, payable June 1. 



