_' 8 



THE INDIA RUBBER WORLD 



[March i. 1910. 



I In more recent development of the rubber industry in the 

 United States has been in the opposite direction. The largest 

 rubber corporation in the country, formed primarily for a com- 

 bination in the footwear trade, now embraces factories producing 

 practically every kind of goods into which rubber enters. And 

 the same thing is true of some of the larger "independent" fac- 

 1 in — amounting t" a practical adoption of what has been re- 

 ferred to as the "European" as distinguished from the "Ameri- 

 can" policy. 



A TRAUN MEMORIAL FUND. 



Friends of the deceased Senator Dr. Heinrich Traun, so long 

 the head of the important industrial establishment Dr. Heinr. 

 Traun u. Sohne, of Harburg and Hamburg, have issued an in- 

 vitation to his fellow citizens to contribute to a fund in Ins mem- 

 ory, to be turned over to the Vereiti "Volkswohl" (Society for 

 the Benefit of the People). Senator Traun was one of the 

 leaders in industrial circles in Germany in movements for the 

 benefit of employes, and perhaps in no establishment was this 

 idea carried to a fuller realization than in the rubber works of 

 which he was for so long the head. Besides, Senator Traun 

 was. the founder of the Volksheim (People's Home). Just be- 

 fore his death he expressed the wish that this institution be 

 placed upon a solid financial basis, through the establishment of 

 a Senator Dr. Traun-Stiftung (Memorial Fund), in conse- 

 quence of which his heirs have contributed to such a fund 10,000 

 marks. With the consent of the donors the gift is to be made 

 the foundation of the fund to which subscriptions are now in- 

 vited. The death of Herr Senator Dr. Traun, one of the most 

 marked figures in the German rubber industry, was reported in 

 The India Rubber World October 1, 1909 (page 15). 



INCREASI IN DUNLOP CAPITAL. 



At a special meeting of shareholders of Dunlop Rubber Co., 

 Limited (London, February 9), a resolution was adopted for the 

 increase of the capital stock from £220,000 to £240.000, by the 

 issue of 20,000 additional £1 shares, to be offered pro rata to the 

 holders of record, at a premium of £6 10s. per share. The effect 

 will be to bring into the funds of the company £125,000 in 

 premiums, in addition to the par value of the new shares. The 

 Dunlop Pneumatic Tyre Co., Limited, were entitled to participate 

 in the new capitalization to the extent of 8,500 shares, out of 

 the 12,000. 



A GERMAN VIEW OF RUBBER PRICES. 



The managing director of a leading German rubber works 

 writes to The India Rubber World: "Judging from the sudden 

 rise in the raw rubber market, I am of opinion that the manufac- 

 turers have a most difficult season before them. In medium 

 grades the European ports are void of stocks, and the crops are 

 short. To my mind we shall see the most extraordinary prices 

 next summer which our branch has ever seen, and I hope never 

 to see them again." 



MILLIONS FOR OZOKERITE. 



OZOKERITE is a substance which has been brought to pub- 

 lic notice to an unprecedented extent by the bringing out 

 in London of The Oil and Ozokerite Co., Limited, with an 

 authorized capital of £1,450,000 [= $7,056,425]. The vendor syn- 

 dicate agreed to accept the £500,000 in ordinary shares as part pay- 

 ment. The offer to the public included £950,000 in 7 per cent, 

 participating preference shares and £800,000 6 per cent, first de- 

 benture bonds — the latter secured by a first floating charge upon 

 the whole of the company's assets. It will be seen that the 

 overhead interest charge calls for £48,000 [= $233.3021 a year, 

 before the shareholders can come in. 



Ozokerite is a mixture of natural paraffine existing in the 

 bituminous sandstones of coal measures. In other words, it is 

 a natural earth wax, adapted as a substitute for most forms of 



wax. It is an insulator of high quality, and has almost wholly 



driven out Stockholm tar as a protection for wires insulated with 

 gutta-percha, when placed underground. The basis of Henley's 

 system of curing india-rubber cure is melted ozokerite. The pre- 

 ferred American spelling, "Ozocerite," is adopted in Pearson's 

 "Crude Rubber and Compounding Ingredients." in which work 

 further information regarding this material appears. 



The new company has been formed to work tw 1 ozokerite 

 mines already developed in Galicia, a province in the northeast 

 of the empire of Austria-Hungary, together with related petrol- 

 eum territories. The yearly production of the mines is stated 

 at 2,278 metric tons; the aver; ge 1 1 st of pri ductii n at £40 3s. 2d.; 

 and the average price at the nearest market (Boryslaw 1 £55 &s. 

 4<f. Petroleum is found both under the ozokerite deposits and in 

 the surrounding region, and when the whole proposed working 

 capital is available it is expected that the larger share of the 

 profits will be realized from petroleum. Galicia is described as 

 a particularly attractive oil field, which already has a Union of 

 Crude Oil Producers — "to secure the termination of all ruinous 

 competition" — and it is stated that the owners of the petroleum 

 wells to be worked by the new company are already members of 

 the Union. 



The vendors in this case are Actiengesellschaft fur Erdwachs- 

 und Petroleum-Industrie, Boryslaw. The hitter word is the name 

 of a town a little south of Lemberg, the capital 1 f Galicia. 



HOUSATONIC TUBING MACHINE. 



pOIXTS of particular interest in respect of the new tubing 

 * machine illustrated herewith include, first, the fact that all 

 gears are cut — n< t cast — which greatly prolongs the life of the 

 machine. The principal bearing is housed, thus minimizing noise. 

 The machine is so constructed that the outside gearing runs in 

 and oiled tray, which provides continuous lubrication without 



lb 



[I I 1 in NG .M l< HINE. 



spilling iiii\ oil. The special thrust bearing renders this ma- 

 chine as nearly frictior.lcss, perhaps, as it is possible to make 

 any machine, in consequence of which it is driven with less 

 power. Standard cylinders are in sizes 2J/2 to 3I/2 inches; special 

 heads are made foe special occasions. [Housatonic Machine and 

 Tool Co., Bridgeport, Connecticut.] 



