July 1, 1914. 



THE INDIA RUBBER WORLD 



551 



News of the American Rubber Trade. 



RUBBER CLUB OUTING JULY 14. 



THE annual niidsnmnicr outing of the Rubber Club of Amer- 

 ica will be held in Boston and its environs on July 14. 

 In the morning there will be a golf tournament at 

 the W'ollaston Golf Club, under the general management 

 of Philip E. Young, of the Acushnet Process Co., New Bed- 

 ford. At 1 oclock the steamer "Griswold" of the Boston 

 and Nahant line will leave Otis Wharf and after a sail 

 through the harbor dock at Peddock's Island, where the an- 

 nual ball game will take place. The contest this year will 

 be between the Married Men and the Single Men, the former 

 under the captaincy of James J. Clifford, of the Boston 

 Woven Hose & Rubber Co., of Cambridge, and the latter 

 captained by Henry G. Tyer, of the Tyer Rubber Co., of 

 Andover. John S. Clapp, of the Boston office of the New 

 Jersey Rubber Co., will be general manager of the ball game. 



After the game the members will again embark and will 

 sail to the Point Shirley Club, at Winthrop, where, after a 

 quoit tournament and the running of an obstacle race, they 

 will sit down to one of those shore dinners which years ago 

 made Point Shirley famous. 



The committee is making unusual preparations, in the hope 

 that this will be the most successful outing the club has ever had. 



RUBBER COMPANY DIVIDENDS. 



The Converse Rubber Shoe Co., of Boston, paid on June 1 a 

 regular semi-annual dividend of 3'/^ per cent, on its preferred 

 stock, to stockholders of record on May 21. 



The Rubber Goods Manufacturing Co., of New York, paid on 

 June IS a regular quarterly dividend of 1-54 per cent, on its 

 preferred stock and a dividend of I per cent, on its common 

 stock, to stockholders of record on June 10. 



The Apsley Rubber Co., of Hudson, Massachusetts, lias de- 

 clared a regular semiannual dividend of 3>4 per cent, on its 

 preferred stock, payable July 1 to stockholders of record on 

 June 25. 



The B. F. Goodrich Co.. of .'Vkron, has declared a regular 

 quarterly dividend of 1^ per cent, on its preferred stock, payable 

 July 1 to stockholders of record on June 19. 



The Kelly-Springfield Tire Co.. of New York, has declared a 

 quarterly dividend of 1^/2 per cent, on its 6 per cent, preferred 

 stock, and a dividend of 1^ per cent, on its 7 per cent, second 

 preferred stock, payable July 1 to stockholders of record on 

 June 24. 



The Boston Belting Co., of Boston, has declared a quarterly 

 dividend of two dollars ($2) per share, payable July 1 to stock- 

 holders of record on June IS. 



The Mohawk Rubber Co., of Akron, has declared a regular 

 quarterly dividend of l-)4 per cent, on its preferred stock, and a 

 dividend of 1^ per cent, on its common stock — both payable 

 July 1. 



Tlie Portage Rubber Co., of Akron, at its meeting on June 18. 

 declared a regular quarterly dividend of 1}4 per cent, on its pre- 

 ferred stock. 



The United States Rubber Co., of New York, has declared a 

 regular quarterly dividend of 2 per cent, on its first preferred 

 stock, a dividend of 1^ per cent, on its second preferred stock 

 and a dividend of 1^/2 per cent, on its common stock — payable 

 July 31 to stockholders of record on July 15. 



SECOND DATE SET FOR WALPOLE SALE. 



July 8 has been set as the date of the second auction sale of the 

 plant and business of the Walpole Tire & Rubber Co., now in the 

 hands of receivers. No upset price has been fi.xed by the court, 

 but each bid must be accompanied by a deposit of $60,000 to 

 insure its validity, and it has been decided to sell the entire 

 property as a going concern. The receivers have also been au- 

 thorized to declare a second dividend of 4 per cent. — making a 

 total of 8 per cent, paid on all approved claims against the com- 

 liany — for which purpose the sum of $50,000 has been set aside. 



GOODRICH SHOE TICKET 15,000 PAIRS. 



A great many people, even in the rubber trade, have become 

 so accustomed to associating the name Goodrich with tires and 

 mechanical goods that they will be quite surprised to learn that 

 the footwear department of that big plant is turning out a ticket 

 of 15,000 pairs of boots and shoes per day. The selling manager 

 of the footwear department is exceedingly optimistic over the 

 footwear outlook for his company. 



RUBBER RECEIVED FROM AN AMERICAN PLANTATION. 



The General Rubber Co., which looks after the crude rub- 

 ber supplies of the United States Rubber Co., recently re- 

 ceived its first consignment of rubber from the company's 

 great 3S,000-acre plantation in Sumatra. This consignment 

 consisted of 1.000 pounds of corrugated smoked sheet and 

 came from tliat part of the big plantation known as Langkum. 



THE PHILADELPHIA RUBBER WORKS OPEN NEW YORK OFFICE. 



The Philadelphia Rubber Works Co., which has large re- 

 claiming plants in both Philadelphia and Akron, has recently- 

 opened a New York office, in the Vanderbilt Avenue Build- 

 ing, corner of Forty-second street and Vanderbilt avenue. 

 This is in charge of John S. Lowman, who has hitherto been 

 manager of the Akron office. There will still continue to 

 be an office in connection with the factory at Akron, but all 

 the general business hitherto carried on through the .\kron 

 office will now be taken care of in this new New York office. 



Should be on every rubber man's desk — Crude Rubber and 

 Compounding Ingredients; Rubber Country of the .\mazon : 

 Rubber Trade Directorv of the world. 



COMMERCIAL ARBITRATION. 



The report of the committee on commercial arbitration con- 

 nected with the Chamber of Commerce of the State of New York 

 was submitted at the one hundred and forty-sixth annual meeting 

 of the New York Chamber of Commerce on May 7. As this 

 subject is one that now occupies the minds of commercial leaders, 

 this report will be found to be of unusual interest. The work 

 done by the committee during the past year has confirmed the 

 faith of its members in the practicability and scope of arbitra- 

 tion as a means of settling commercial disputes. They are 

 further confirmed in this belief by the keen interest shown in the 

 results of their work by other commercial organizations, not only 

 in the United States but abroad, a number of which, after care- 

 ful investigation, have adopted, either in whole or in part, the 

 rules and regulations used by the Chamber of Commerce in its 

 arbitration proceedings. 



The committee has given a great deal of time and attention to 

 the subject of enacting a model commercial arbitration law, 

 uniform for all states. The draft of such a law has been pre- 

 pared by Mr. Julius H. Cohen, a prominent member of the New 

 York Bar. A copy of this model law- which the committee hopes 

 to see adopted in the various states is .given as an appendix to 

 the report. It consists of 29 short paragraphs occupying about 

 5 pages of the report and will be found well worth reading by 

 anyone at all interested in this most important subject. 



