February 1, 1914.] 



THE INDIA RUBBER WORLD 



253 



News of the American Rubber Trade. 



PORTAGE CO. INCREASES CAPITAL STOCK. 



A I' llu- ;uimial mii'tiiig of stockliulilt-rs <if tlu' rnrtagf Riiblitr 

 Co., of Akron, held January 1''. the capital slock of thai 

 company was increased from $1,000,000 to $1,250,000, the 

 new issue being for the purpose of adding to the working capital 

 and to take care of the additions and improvements now being 

 made in the plant. Only about $100,000 of this issue is at present time 

 to be offered at par to stockholders. The officers elected for the 

 ensuing year are : James Christy, president ; J. W. Miller, vice- 

 president ; A. S. Mottinger, secretary ; W. W. Wildman, treas- 

 urer. These four are also members of the board of directors, 

 the number of whom has been reduced to ten — the other six 

 being: M. S. Long, John Kerch, J. D. Raw, Judge D. A. Doyle — 

 all of Akron— Dr. O. S. Welty (Canal Dover) and Fred H. 

 Snyder (Massillon). 



HARTFORD RUBBER WORKS CO. INCREASES CAPITALIZATION. 



rile Hartford Rubber Works Co., of Hartford, Connecticut, 

 a subsiiliary of the United States Rubber Co., on December 27 

 filed with the secretary of state a certificate of increase of capital 

 stock from $1,000,000 to $2,000,000. This new stock is a 6 per 

 cent, jireferred issue, divided into 10,000 shares of $100 each, 

 which it is stated have been entirely disposed of to holders of 

 the common stock. The activity of this company's tire business 

 is said to necessitate the operation of the present plant at full 

 capacity, and should the anticipated further growth be realized 

 added facilities will before long be required. It is to take care 

 of these demands that the .idditional stock has been issued. 



RUBBER COMPANY DIVIDENDS. 



The Firestone Tire & Rubber Co. paid on January 15 a regu- 

 lar quarterly dividend of If^ per cent, on its preferred stock 

 and 21/2 per cent, on its common stock. 



The Goodyear Tire & Rubber Co. paid on Jamiary 1 the usual 

 quarterly dividend of l^/i per cent, on its preferred stock. 



The Lee Tire & Rubber Co. paid on January 10 its usual 

 (|uarterly dividend of l.)4 per cent, on stock of record Janu- 

 ary I. 



The Manufactured Rubber Co. paid on December 3\ its usual 

 quarterly dividend of Ij-S per cent, on preferred stock of record 

 on December 24. 



The United States Rubber Co. has declared a regular ([uar- 

 terly dividend of I'A per cent, on common, 2 per cent, on first 

 preferred, and I'A per cent, on second preferred stock — pay- 

 able January 31 to stock of record on January 15. 



The Fisk Rubber Co. has declared a regular quarterly dividend 

 of l.)4 per cent, on its first preferred stock — payable February 1 

 to stock of record on January 21 



The Hood Rubber Co. has declared a regular (piarterly divi- 

 dend of 1.% per cent, on its preferred stock — payable February 2 

 to stock of record on January 31. 



BOSTON WOVEN HOSE & RUBBER CO. INCREASE RECEIVING AND 

 SHIPPING FACILITIES. 



The growth of the Boston Woven Hose & Rublier Co.'s plant 

 at Cambridge. Massachusetts, has made it necessary to provide 

 for better facilities for freight handling. Fifteen thousand feet of 

 land have been leased from the Boston & Albany Railroad, and 

 .side tracks installed so that twenty-two cars can be loaded and 

 unloaded practically at the same time. 



This also provides for receiving coal when necessary by rail, 

 altho the larger part will he handled as at present from lighters 

 coming through the Charles River Rasin direct to the company's 

 coal bunkers. 



PFALTZ & BAUER INCORPORATE. 



I'faltz & Bauer, well known dealers in chemicals for the rubber 

 and other industries, who have been in business for the past 

 fourteen years and whose offices are located at 300 Pearl street. 

 New York, have recently incorporated and will hereafter be 

 known as Pfaltz & Bauer, Inc. The officers of the corporation 

 are: Henry Pfaltz, president; brank M. Bauer, vice-president 

 and treasurer, and T. V.. Price, secretary. 



GOODYEAR TIKE & RUBBER CO. PLANS INCREASE OF CAPITALIZA- 

 TION. 



Word reached this ollice on January 28 that the Goodyear 

 Tire & Rubber Co., of Akron, plans to raise nearly $5,000,000 

 of new working capital, to be divided between preferred and 

 common stock, and to be distributed as follows : .\ stock divi- 

 dend of 20 per cent, to go to present common shareholders, who 

 are also entitled to subscribe at par for their pro rata share of 

 the new common stock to the extent of 30 per cent, of their 

 present holdings. Holders of the preferred will be permitted to 

 buy two shares of new preferred at par for each five shares now- 

 held and to buy one share of new common at par with every four- 

 shares of new preferred bought. Stockholders will vote on 

 March 12 on an increase in the preferred captal from $5,000,000- 

 to $7,000,000 and in the common from $5,033,800 to $8,000,000. 



FORMAL OPENING OF REPUBLIC CLUB HOUSE. 



The formal (opening of the Repulilic Rul)ber Co. employes' club 

 house, at Yonngstown, Ohio, on January 15, was attended by 

 a large number of persons, many of whom had received invita- 

 tions sent out early in the month by the governing board. 



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TiiK REruKMf Ci.fB House. 



.McMtiiin nf tliis club was made in our July number, when a 

 picture of the club hou.se was shown ; and the election of its 

 board of governors was noted in our November issue. The 

 accompanying cut shows another view of the building, 

 which is located on the east side of .•\lbert street, directly across 

 from the general oflices of the company. It is of brick, stone 

 and steel construction, has lecture. and reading rooms, rooms for 

 indoor amusements of all kinds and grounds for outdoor sports 

 as well, all employes of the company having the privileges of 

 the main floors, while sustaining members — who are charged a 

 yearly fee of $1 — have the privileges of the entire building. It 

 contains also a restaurant, with a seating capacity of 1,200. where 

 food is served at cost. This club house has aroused considerable 

 interest and is e-xpected to be of permanent advantage and 

 benefit. 



Consul (ieneral Julius G. Lay, of Rio de Janeiro, is in the 

 United States on leave of absence, and will be at the .\ew York 

 office of the Bureau of Foreign and Domestic Commerce (315 

 Customhouse), on February 9 and 10. to confer with manufac- 

 turers and exporters who are interested in Brazilian trade. 



