436 



THE INDIA RUBBER WORLD 



[May 1, 1914. 



News of the American Rubber Trade. 



THE LOEWENTHAL CO. AGENTS FOR 'BROWN JACO." 



IN addition to conducting a very extensive business in scrap rub- 

 ber, The Loewenthal Co., located at 37 West 39th street. New 

 York, have been appointed sole agents for Ernst Jacoby 

 & Co., Inc., of 79 Milk street, Boston, for the sale of rubber 

 substitutes of all kinds and more particularly of "Brown Jaco," 

 the new substitute mentioned on page 374 of our April issue. 

 This company also handles a special grade of hydrocarbon under 

 the name of Loewenthal Mineral Rubber, besides being in a posi- 

 tion to quote prices on practically every kind of compounding 

 material— barytes, talc, red oxide, sulphur, blanc fixe, etc. 



UNITED STATES TIRE CO. DISPOSES OF TWO BRANCHES. 



The United States Tire Co. has discontinued its branch houses 

 at Syracuse and Rochester, New York, turning over the whole- 

 sale distribution of its product in these two cities to the Syracuse 

 Rubber Co. and the Rochester Rubber Co., respectively. The 

 former manager of the Syracuse branch, Charles Fennel, has 

 become associated with the Syracuse Rubber Co., while Manager 

 Norbury, of the Rochester branch, has been transferred to the 

 company's branch house at Buffalo, and Stanley Keller, formerly 

 with the Rochester branch, is now in the employ of the Roches- 

 ter Rubber Co. 



AMERICANS MAKING TIRE FABRICS IN CANADA. 



A number of Americans who have been very successful in 

 the manufacture of tire fabrics in Connecticut have recently 

 organized a new company and built a finely equipped plant for 

 this same sort of work in Canada. This new company is the 

 Canadian-Connecticut Cotton Mills, Limited, and its plant is at 

 Sherbrooke, Quebec. The company is capitalized at $1,750,000, 

 and the capital issued amounts to $1,100,000. The officers are: 

 H. L. Burrage, Boston, president; R. J. Caldwell, New York, 

 vice-president ; Tracy S. Lewis, Beacon Falls, Connecticut, treas- 

 urer, and Obadiah Butler, of Sherbrooke, secretary and man- 

 ager. This mill is closely alhed with the Connecticut Mills 

 Co., of Danielson, Connecticut, manufacturers of tire fabric, 

 the officers of which are: Mr. Lewis, president and treasurer; 

 Mr. Caldwell, vice-president; Mr. Burrage, chairman of the 

 board, and William B. Fittz, Danielson, secretary and manager. 



This new Canadian company hopes to be able to supply the 

 Canadian tire manufacturers with a large part of their fabric, 

 and is said to have a number of them already among its cus- 

 tomers. In addition to tire fabrics it will make cotton dryer 

 felts for paper mills. 



A NEW WATERPROOF GUM, 



The February issue of this pubhcation mentioned the incor- 

 poration of the British-American Manufacturing Co., which in 

 turn controls the American Ramie Co. The American Ramie 

 Co., interested, as its name implies, in the manufacture of ramie 

 textiles, has been in operation for some four or five years, but 

 the British-American company was recently formed, with fac- 

 tory at Laurel, Maryland, to manufacture waterproof fabrics, 

 principally for use in making garments. It does not use rubber, 

 but employs an imported gum, the utility of which for water- 

 proof purposes has but recently been discovered. This gum can 

 either be incorporated with the fabric or spread over the sur- 

 face. The company makes material of both kinds. The com- 

 pany has already submitted bids for extensive contracts with 

 the Government for material for army garments. The vice- 

 president of the company, W. M. Mackintosh, is a Scotchman, 

 and belongs to the family which contributed the name "Mack- 

 intosh" to the rubber garment industry. Dr. L. C. Himebaugh, 

 the secretary and treasurer, is also the laboratory expert. Pre- 

 vious to going with this company he was associated for five 

 years with the Lederle laboratory in New York. 



CAPITAL INCREASES. 



The Apsley Rubber Co., of Hudson, Massachusetts, has in- 

 creased its capital stock from $1,000,000 to $1,500,000, having 

 issued 5,000 additional shares of preferred stock at $100 per 

 share. The new stock was offered to both common and pre- 

 ferred stockholders, in the ratio of one new share for every 

 two shares of stock held, the right to subscribe expiring on 

 April 2. 



Stockholders of the Falls Tire & Rubber Co., of Cuyahoga 

 Falls, Ohio, at a meeting held late in March, voted to increase the 

 capital stock of that company to $300,000, its former capitalization 

 having been $200,000. At that meeting it was also decided to 

 establish a factory branch at Cleveland, Ohio, to succeed the 

 F. J. .Mien Co. which for the past year has acted as the com- 

 pany's agent in that city. John Welton, Jr., of Akron, will be in 

 charge of the new branch, and he will have associated with 

 him Frank T. Williams and F. J. Allen, both of whom were 

 formerly connected with the Allen company. 



The McNaull Auto Tire Co., of Cleveland, Ohio, has in- 

 creased its capital stock from $75,000 to $175,000, the new issue 

 being 7 per cent, participating preferred stock. It has also 

 arranged for the erection of a plant at Toledo, Ohio, where tires 

 are to be manufactured, under patents issued to W. D. McNaull. 



The capital stock of the Pharis Tire & Rubber Co., of 

 Columbus, Ohio, has been increased from $50,000 to $100,000. 



RUBBER COMPANY DIVIDENDS. 



The following notice was sent out on April 2 by the treasurer, 

 of the United States Rubber Co. : "The Board of Directors of 

 the United States Rubber Co. has this day declared from its 

 net profits a quarterly dividend of 2 per cent, on the first pre- 

 ferred stock, a quarterly dividend of IJ^ per cent, on the 

 second preferred stock, and a quarterly dividend of 1J4 per 

 cent, on the common stock of the company, to stockholders of 

 record at 3 p. m. on Wednesday, April IS, 1914, payable, without 

 closing of the transfer books, April 30, 1914." 



The B. F. Goodrich Co declared on April 22 a regular quar- 

 terly dividend of 1|4 Pf cent, on the preferred stock, pay- 

 able July 1 to stockholders of record on June 19. 



The McGraw Tire & Rubber Co. on April 3 declared a dividend 

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



The Swinehart Tire & Rubber Co. has declared a quarterly 

 dividend of l]^ per cent., payable May 10. 



TEN PER CENT, FOR ALDEN CEEDITOHS, 



The district court of Boston confirmed late in March the 

 composition offer of 10 per cent, made to the creditors of Geo. 

 A. Alden & Co., of that city. The offer calls for the distribu- 

 tion of $232,391.75 among creditors of the firm. 



According to the schedules in bankruptcy filed June 3. 1913, 

 the company had liabihties of $4,090,825. and assets of $1,605,000. 

 The company was petitioned into voluntary bankruptcy in Feb- 

 ruary, 1913. 



SALE OF THE WALPOLE TIEE & RUBBER CO. 



The Walpole Tire & Rubber Co. is to be disposed of by 

 pubhc sale to be held at Walpole, Massachusetts, commencing 

 at 10:30 a. m. on Monday, May 11, the property to go to the 

 highest bidder and $1,150,000 having been fixed as a price below 

 which it will not be sold. This sale will be conducted by the 

 receivers, Robert O. Harris and Robert C. Fisher. The organi- 

 zation committee is said to be prepared to buy in the property. 



