February i, 1910.] 



THE INDIA RUBBER WORLD 



189 



UNITED STATES RUBBER CO.'S ISSUES. 



Transactions on the New York Stock Exchange for four 

 weeks, ending January 22 : 



Common Stock. $25,000,000. 



[Less $1,344,000 in treasury of a subsidiary company.] 

 Last Dividend, April 30, 1900 — 1%. 

 Week January 1 Sales 5,400 shares High 53^ Low 52>| 

 Week January 8 Sales 8,750 shares High 5254 Low 50 

 Week January 15 Sales 11,000 shares High $1% Low 4454 

 Week January 22 Sales 10.460 shares High 47J4 Low 43^ 

 For the year — High, 52^, Jan. 3; Low, 43H, Jan. 20. 

 Last Year — High, 57^; Low. 27. 



First Preferred Stock, $36,263,000. 



Last Dividend, Jan. 31, 1909 — 2%. 

 Week January 1 Sales 2,150 shares High 117 Low 116V2 

 Week January 8 Sales 2,380 shares High n6j^ Low 115^6 

 Week January 15 Sales 6,050 shares High n6^4 Low no 1 /; 

 Week January 22 Sales 11,875 shares High 113^ Low lll}4 



For the year — High, H6J4, Jan. 3; Low, 110^, Jan. 15. 



Last year — High, 123JX; Low. 98. 



Second Preferred Stock, $9,965,000. 



Last Dividend, Jan. 31, 1909 — i 1 . 



Week January 1 Sales 500 shares High 84% Low 84 



Week January 8 Sales 400 shares High 84 Low 82J . 



Week January 15 Sales 500 shares High 825^ Low 825/2 



Week January 22 Sales 400 shares High 8oj4 Low 787-6 



Fur the year — High, 84, Jan. 3; Low, 78^, Jan. 20. 

 Last year — High, -S9J4; Low, 67J-2. 



Six Per Cent. Certificates, $20,000,000. 



Week January 1 Sales 41 certs High 104% Low 104% 



Week January 8 Sales 75 shares High I04 I 4 Low 104 



Week January 15 Sales 170 shares High 1045.4 Low 10354 



Week January 22 Sales 132 shares High 104 Low 103^ 



Common Stock. 



1904. 1905. 1906. 1907. 1908. 1909. 

 Shares sold . 285,819 723,665 607,800 175,277 191,200 517,411 

 Highest price 34^ 58K 59^2 52V2 37!^ 57H 



Lowest price. lo}4 33^ 38 13^ ijyi 27 



Highest. 1909, August 19; Lowest, February 24; Closing, 53. 



First Preferred Stock. 

 1904. 1905. 1906. 1907. 1908. 1909. 



Shares sold.. 182,443 200,497 123,760 120,108 94,400 199,512 

 Highest price. 100 n8J4 115 109^ 108 123J4 



Lowest price. 41 98-H I04M 61 J4 76 98 



Highest, 1909, August 24; Lowest, January 29; Closing, 116%. 



Second Preferred Stock. 



1905. 1906. 1907. 1908. 1909. 



Shares sold 21,550 59,845 31,203 21,131 61,790 



Highest price 8344 8754 ;V. 75^ 8g>i 



Lowest price 75 75 39 42 67^3 



Highest, 1909, August 23; Lowest, February 25; Closing 84H- 



UNITED STATES RUBBER AND SUBSIDIARY COMPANIES. 



The directors of the United States Rubber Co., on January 6, 

 declared from their net profits the regular quarter dividends of 2 

 per cent, on the first preferred stock, and I 1 /! per cent, on the 

 second preferred stock, payable January 31 to holders of record 

 January 15. 



The merger of the Revere Rubber Co. (Boston) with the 

 Rubber Goods Manufacturing Co., the control of which is held by 

 the United States Rubber Co., was referred to in the last India 

 Rubber World. The plans then outlined have since been con- 

 summated. On January 5, Elisha S. Williams, treasurer and gen- 

 eral manager of the Revere Rubber Co., and grandnephew of 

 the late Hon. Elisha S. Converse, founder of the Boston Rubber 

 Shoe Co., was elected president of the Rubber Goods Manufac- 

 turing Co., in place of John J. Watson, Jr., resigned. Mr. 

 Watson retains the position of treasurer of the United States 

 Rubber Co., and president of the General Rubber Co., a sub- 

 sidiary company. Following the death of Charles H. Dale, presi- 

 dent of the Rubber Goods Manufacturing Co., Mr. Watson was 

 elected to fill the vacancy. Mr. Williams has taken up his resi- 

 dence in New York, with headquarters at No. 42 Broadway, the 

 general offices of the United States Rubber Co. At present he is 

 on a tour of the factories which are to be under his control under 

 the new regime. 



At the recent annual meeting of the Revere Co. (Boston), the 

 following new directors were elected, all representing the United 

 States Rubber Co. interests : Colonel Samuel Pomeroy Colt, 

 James Bishop Ford, Lester Leland, Colonel Harry E. Converse, 

 and Homer E. Sawyer. Costello C. Converse was re-elected 

 president and Elisha S. Williams, treasurer. 



In connection with the listing on the New York Stock Exchange 

 of its registered issue of securities, the officials of the United 

 States Rubber Co. advised the authorities of the Exchange that 

 during eight months, ending November 30 last, their net sales 

 amounted to $22,127,969; operating profits, $3,140,242; other in- 

 come, including dividends received on stock of Rubber Goods 

 Manufacturing Co., $923,356; total income, $4,062,398. The sur- 

 plus increased during the period, after payment of interest and 

 dividends, $1,074,499. 



Colonel Samuel Pomeroy Colt, president of the United States 

 Rubber Co., was recently in Montreal looking after the affairs of 

 the Canadian Consolidated Rubber Co. Limited, in which the 

 United States Rubber Co. now hold an important interest. He 

 was entertained formally by Mr. D. Lome McGibbon, president 

 of the Canadian Consolidated company. In 1908 the latter com- 

 pany earned 18 per cent, on its common stock, and it is gossip 

 that the figures for 1909 will show earnings of at least 25 per. 

 cent. 



NEW INCORPORATIONS. 



Utica Rubber Works, October 28, 1909. under the laws of 

 Xew York; capital $75,000. To succeed fhe business known 

 hitherto as Goodyear Rubber House, No. 133 Genesee street, 

 Utica, New York. The incorporation is a steap toward the exten- 

 sion of a business of ten years' standing. Mr. L. H. Wood, the 

 proprietor of the business, is president of the new company, and 

 J. A. Jenkens and M. E. Jenkens, who have been employes of 

 the house, will be respectively vice president and treasurer. 

 These and Bradley Fuller, an attorney, constitute the board of 

 directors. L. E. Wood is secretary. The company carry stocks 

 of mechanical goods, tires, rubber footwear, waterproof clothing 

 and druggists' sundries, maintaining the old claim - of the house 

 that "If it's made of rubber, We've got it." 



Springfield Rubber Co.. January S. 1910, under the laws of 

 Massachusetts; capital $25,000. Incorporators: Alec. J. May- 

 berry. Orvil W. Smith, and William F. Nye ; the location of the 

 business is Springfield. Massachusetts. The company will do a 

 jobbing business in rubber footwear, handling the "Boston," "Bay 

 State," "Woonsocket," and "Rhode Island" brands. Springfield 

 has been selected as being the natural center for an important 

 territory for the rubber footwear trade. The company are occu- 

 pying temporarily a small office and salesroom at No. 180 Dwighl 

 street, but are negotiating f r larger permanent quarters. 



The Duplex Rubber Co.. December 14, 1909, under the laws 

 of Colorado; capital, $250,000. Incorporators: Jacob Kussart. 

 D. P. Fagerstrom and S. A. Shawoer. Location of the prircipal 

 office, Greeley, Colorado. 



Bridge Web Tire Co., was incorporated originally on February 

 8, iqoo. under the laws of Arizona. This corporation will be 

 succeeded by the new one under the laws of Illinois. 



TRADE NEWS NOTES. 



The 7 per cent, cumulative preference dividends of the Inter- 

 continental Rubber Co. were allowed to accumulate for awhile, 

 due to the building up of a good cash surplus. The payment of 

 dividends has now been resumed, a dividend of 7 per cent, being 

 paid on January 10 to holders of record, January 8 on the $4,200,- 

 000 of preferred stock outstanding. 



Mr. Aubrey Love, who has been connected with the rubber 

 industry in Trenton for some fifteen years, has joined Mr. Well- 

 ing G. Sickel, whose connection with the Hewitt rubber interest 

 is mentioned elsewhere in this paper. Mr. Love's position will be 

 that of general office manager at Mr. Sickel's office in New York. 



