256 



THE INDIA RUBBER WORLD 



[April i. iyio. 



GROWTH OF THE FIRESTONE TIRE AND RUBBER CO. 



liir capita] of the Firestone Tire and Rubber Co. (Akron, 

 Ohio), has been increased from $500,000 to $4,000,000, and out 

 of the new issue of stock dividend of 700 per cent, will be de- 

 clared. The Firestone company was incorporated originally 

 under the laws of West Virginia. This company will be 

 ■ill and a charter for a new company by the same name 

 has been obtained under the laws of Ohio. Plans have been 

 made for a very large additional factory, work on which will 

 be begun at once. 



MORE CAPITAL IN SWINEHART TIRES. 



At a special meeting of the shareholders of Swinehart Tire 

 and Rubber Co. (Akron, Ohio) during March it was voted to 

 increase the capital from $200,000 to $400,000. Only $100,000 

 of the new stock will be issued at once. It is the intention of 

 the company in the near future to build an important addition 

 to their factory. 



PERSONAL MENTION. 



Mr. Paul Morton, president of the Equitable Life Assurance 

 Society of New York, has been elected vice-president of the 

 Pan American Railroad Co., and is now in Mexico on a tour of 

 inspection of its line. The Pan American is now in operation 

 from a point on the National Tehuantepec railway to the Guate- 

 malan border transversing the rubber country of Chiapas de- 

 scribed recently in The India Rubber World by Mr. J. L. Her- 

 messen. The president of the Pan American is the Hon. David 

 E. Thomspon, lately United States ambassador to Mexico. This, 

 by the way, is not the only interest which Mr. Morton has in 

 Mexico. At least he is chairman of the board of directors of the 

 Intercontinental Rubber Co., a concern interested so largely in 

 guayule rubber. 



Mr. Bertram G. Work, president of The B. F. Goodrich Co. 

 (Akron, Ohio), accompanied by Mrs. Work, was a passenger 

 on the Kaiserin August e, which sailed from New York for Ham- 

 burg on March 5. 



Mr. Frank A. Seiberling, president of the Goodyear Tire and 

 Rubber Co. (Akron, Ohio) accompanied by Mrs. Seiberling and 

 their son, was recently a voyager to the Amazon valley, whence 

 comes the rubber used in the tires of this important company. 



Colonel George T. Perkins, long president of The B. F. Good- 

 rich Co. (Akron, Ohio) and still on its board, has been making 

 an extended stay at the Potter Country Club, at Santa Barbara. 

 California, in the management of which his brother, D. T. Per- 

 kins, is interested. Colonel Perkins has been mentioned in news- 

 paper dispatches of the past month as being much interested 

 as a witness of the polo games at Santa Barbara. 



Mr. David S. Collins, president of the Oxford Tripoli Co., 

 Limited (New York), sailed on March 30 for England, in 

 which country fossil flour is becoming popular among rubber 

 manufacturers. This sale has increased very much of late, also 

 in the United States. 



On March 16 occurred the wedding of Mr. Alpheus Webster 

 Smith and Miss Emily May, daughter of Mr. Lewis May, of 

 Chicago. Mr. Smith is the western manager of the Goodyear's 

 India-Rubber Glove Manufacturing Co., with headquarters in 

 Chicago. Mr. Smith has started on a western trip to extend 

 over four months, and it is serving also as a wedding journey. 

 In August Mr. and Mrs. Smith will start for a visit to Europe. 



The annual meeting of the stockholders of the Gutta Percha 

 and Rubber Manufacturing Co. will be held at the office of the 

 company, Nos. 126-128 Duane street. New York, on April 6, 

 at 12 o'clock noon, for the purpose of electing directors and 

 inspectors of election for the ensuing year. 



Review of the Crude Rubber Market. 



THE market for crude rubber has been in a decidedly un- 

 settled condition during the month, and there is no basis 

 for predicting the next outcome. Quotations at New Y r ork 

 are based rather upon prices cabled from Europe and from 

 primary markets than upon actual transactions locally. It is 

 true that rubber has changed hands during the month at prices 

 far higher than were ever known in the past. Of course manu- 

 facturers in the present condition of the market are not pur- 

 chasing beyond their absolute requirements. Arrivals of Para 

 sorts thus far are but little larger than usual, the increase being 

 infinitesimal as compared with the increased demand for rubber 

 in the tire industry. Plantation rubber is being offered at the 

 London auctions at the rate of about 200 tons a fortnight, but 

 even this does not relieve the situation, particularly as there is 

 no increased output from any other source. As this paper goes 

 to press a London price is cabled of 11s. 4<f. [=$2.76] for Para 

 Upriver fine. It is difficult to make quotations in the present 

 state of the market, but the figures below represent the result of 

 careful efforts in the best informed circles. 



Caucho (Peruvian), sheet.. 73 

 Ceylon, fine, sheet 129 



'" 74 

 >,, 130 



IOI@I02 



230(y 23 1 



The Latest Quotations. 



Following are the quotations at New 

 one year ago, one month ago, and March 



Para. Apr. 1, '10. 



Islands, fine, new 119 @] n 



Islands, fine, old 121 @I22 



Upriver, fine, new 122 @I23 



Upriver, fine, old 125 (a 126 



Islands, coarse, new 57 (a 58 



Islands, coarse, old none here 



Upriver, coarse, new 94 @ 95 



L T priver, coarse, old none here 



Cameta 63 '/jr,/ 64 



Caucho (Peruvian), ball... 83 <<i 84 



York for Para grades, 

 31, the current date: 



Mar. 1, '10. 

 I99<V; 200 



20I@202 



2I2@2I3 



2I4@2IS 



Norn 00 



none here 



128(0)129 



129(0)130 



97® 98 



I30@i3i 



Mar. 31. 



2S2@2S3 



none here 



270@27I 

 272@273 



105® 106 

 none here 

 I72@I73 

 i/~4@i7S 

 130(0)131 



i74®i75 



African. 



Lopori, ball, prime ioSfruog I52@I53 



Lopori, strip, prime none here none here 



Aruwimi 94® 95 none here 



L T pper Congo, ball, red 96(f) 100 I33@i34 



Ikelemba none here none here 



Sierra Leone, 1st quality 95® 96 135(0136 



Massai, red 95® 96 136(0137 



Soudan niggers 85^ 86 none here 



Cameroon, ball 64^/ 65 94@ 95 



Benguela 59® 60 88® 89 



Madagascar, pinky 89® 90 lio@H2 



Accra, flake 20<n 21 30@ 31 



Centrals. 



Esmeralda, sausage Sod; 81 1 \-(u 1 18 



Guayaquil, strip 70fri l 71 none here 



Nicaragua, scrap 78(0? 80 1 16(« 1 t 7 



Panama 62® 63 none here 



Mexican, scrap none here Il5@u6 



Mexican, slab 57® 58 none here 



Mangabeira, sheet 52(3 33 85® 86 



Guayule 30(a 3 1 75® 76 



East Indian. 



Assam 92® 93 ioo@ioi 



Pontianak ® 5 6}i@ 7 



Borneo 35® 45 none here 



Late Para cables quote: 



Per Kilo. 



Islands, fine I2$500 



Islands, coarse 4$8oo 



Latest Manaos advices : 



Upriver, fine I5$ioo 



Upriver, coarse 9$6oo 



Upriver, fine . . . 

 Upriver, coarse 

 Exchange 



I3S@I36 



200@26l 



204® 205 

 none here 

 none here 



I70@i7i 

 none here 



I70@i7i 



I7i@i72 

 none here 



II2@II4 



none here 



1251Y1 126 



34® 35 



152C0 153 

 120(11 121 



I52<T< '53 

 in me here 



I5I@IS2 



none here 



none here 



99® 1 00 



none here 



8'4@8^ 



none here 



Per Kilo. 

 . . . i5$5°o 

 ... i2$550 

 ..I5 5/32<J. 



Exchange 15 5/32<*. 



