March i, iqio.] 



THE INDIA RUBBER WORLD 



221 



News of the American Rubber Trade. 



AFFAIRS OF THE UNITED STATES RUBBER CO A » I • ,, , 



THR a „rt, n r!ri f .. w v , c , J ', devoted especially to the weaving of fabrics. The company also 



HE authont.es of the New York Stock Exchange, on make inner tubes and a general line of rubber accessories for 



application by the United States Rubber Co., authorized automobiles. In addition the company are making a number of 



the listing, on and after February 2 last, of the company's specialties, including a horseshoe pad formed with a fiber back 



first preferred stock to the extent o $3 561.400, in addition to and designed to be impervious to water and ammonia, and is 



he amount previously issued and added to the list. In their the invention of Mr. C. A. Castor, who is superintendent of the 



application to .the Stock Exchange the company stated: -The plan.. The products include also special lines of gum for the 



proceeds of the sale of said shares of first preferred capital artificial limb and rubber stamp trades. The interest in this 



stock will be used as additional working capital and applied to business owned formerly by Mr James F Preston Ins been 



the general uses of the company." The capitalization of the purchased by the company, as reconstituted' with' the following 



United States Rubber Co. is now as follows: officers: John J. Shay, president: M. R. Evans and Frank P 



Class of Stock. Authorized. Issued. Ford ' vice-presidents; S. J. Richards, treasurer; Charles F. 



First preferred $40,000,000 $39,824,400 Benzing, secretary and general manager 



Second preterred 10,000.000 9,965,000 



Common 25,000,000 25.000,000 A NEW TIRE company in new york. 



Total ... mnm «-,_o ,_ Stein Laplock Tikk Co. was incorporated February 7, roio, 



■ ■; ■; • / $ '-°°°' 000 ?74,/89, 4 oo under the Iaws of New York CIarence H Loewenthal ,4 J 



The new issue of first preferred stock listed amounted to elected president ; Charles K. Sunshine, treasurer ■ and R A. Loe- 



?3.S0I,40O. It is stated that of the common stock $1,344,000 wenthal, secretary. These gentlemen are also the directors The 



is held in the office of a subsidiary company, and no application new company, located at No. 1864 Broadway New York are ex 



has yet been made for its application to the Stock Exchange list. elusive Eastern agents for the Stein Double Cushion Tire Co 



ihe new issue of first preferred was offered pro rata to 

 shareholders of record at $110, and it is stated that ap- 

 proximately 75 per cent, of the issue was taken, the remainder 

 being taken at the same price by a syndicate of bankers, under 

 an agreement which existed in advance of the issue. 



The entire amount of bonds of the $20,000,000 issue has now 

 been listed on the Stock Exchange, application in respect of the 

 last $5,000,000 having been made since the beginning of the 

 year. 



Of the $2,ooo,coo capital stock of the Revere Rubber Co.. it is \ \ j / *V / P j ,\ 1 



reported that the United States Rubber Co. acquired 10.774 W / / ■3r- / J 

 shares, at the agreed upon price of $200. Various minor expenses 



connected with the purchase bring the total amount involved { {''- 

 slightly above $4,000,000. 



CANADIAN CONSOLIDATED-ANNUAL. T H E "LaPLOCK" PNEUMATIC AUTOMOBILE TlKE 



At the annual meeting of the Canadian Consolidated Rubber rAkrnn Dhioi ,->f , 1,; 1 n, A,r c u- 



r\, t :„■* a .. tvt 1 t- 1 ■ l.Akron, UI110), ot which the Mr. Sunshine mentioned is nres - 



Co.. Limited at Montreal, on February 23. net earnings were dent . The ident of & a son of I 



reP ° rted ° ?573,3i9, against $5.5.396 last yea, Sa.es of the Rudolph A. Loewenthal, whose retiremen from the US Rubber 



compam showed an increase of nearly 30 per cent., but tins is Reclaiming Works . after so , a ^ with that trade 



offset largelj by an advance in crude rubber. The bv-laws were was reoorrpH in Tm- t™, p , w r, , 



, , , ■ ,, , . ,. , wd! > reported 111 1 m- Imua Kcbiskk Wiihi.h December 1 iqoo 



amended to increase the number of directors from 11 to 15. (page 9-) 



The old board of directors was reelected, except that Fleetwood The tire which the „ ew c0 wjn mafket 



H. Ward, assistam genera manager tor the year past, was tire on a new plan which 1S th J h ^^n "nte 



chosen to succeed C. C. Ballan tyne recently resigned. Only one pnse , the Steln DoubIe Cushion Tjre ° c „ ^^ < ' ' ' 



h, nev, ,y created places on the board was filled, T. H. Rieder. make a tlre nf a different whicft s .„ ^ f 



01 the Merchants Rubber Co., Limited beins electee a d rector „i,„„ ■ t i , , t-, • ■ , wipuiutm 



iicu, oemg eiectet. a director. p ] ace ln the ma , k ,., rhe onglna] company having become iden- 



seamless rubber Co.— increase of capital. tinecl widely with its initial product, it has been thought wise, in 



The Seamless Rubber Co. (New Haven) have filed with the view of its introduction of a pneumatic tire, to adopt a separate 



secretary of state of Connecticut a certificate of increase of their corporate title for use in connection with the latter— hence the 



capital stock from $400,000 to $500,000, said increase having been name " Stein Laplock Tire Co." The distinctive feature of the 



paid in cash. This step has been made necessary by the con- new Pneumatic is a solid lapped and locked base, as shown in the 



tinned expansion of the company's business for three or four ^lustration. The overlapping of the beaded edges of the tire 



years past. It is stated that the business during 1909 was larger COVer makes of this a clincher tire that will stay in place with- 



by far than any other in the history of the company as regards out ll,gs; ll P revents water and sand from entering the tire; the 



volume of sales and profits. inner tube cannot be pinched; it is interchangeable, fitting any 



single piece clincher or standard detachable rim. Besides it is 

 preston fabric tire co. provided with an extra heavy tread. 

 The Preston Fabric Tire Co. (Buffalo, New York I have now duplex rubber co 

 got under way in manufacturing. The specialty of the com- T„ f Duplex Rubber Co.. at Greeley, Colorado [see The Ikdi, 

 pan, ,s the Preston pneumatic tire, which is offered as being R UBBE8 WoRLD , February t. .o.o. page 189], has been formed 

 practically proof against punctures and blow outs, which prop- to market a newly patented ladies syringe. Jacob Ku art presi- 

 de, are ascribed to the nature of the weave, the tread being dent of the company, advises that the capital stock has ilbn 

 woven in tour ply. A department of the factory, by the way. is taken by physicians 



