June 1, 1921 



THE INDIA RUBBER WORLD 



eJ^; 



News of the American Rubber Industry 



FINANCIAL NOTES 



THE gross earnings of the Westinghouse Electric and Manu- 

 facturing Co., East Pittsburgh, Pennsylvania, from sales 

 billed for the year ended March 31, 1921, were $150,980,000. 

 which is an increase of $15,000,000 over the gross earnings of the 

 previous year. The manufacturing and selling cost was $138,774,000, 

 and the net income available for dividends was $12,618,000^ or 16.8 

 per cent on the company's capital stock. Dividends at the rate 

 of 8 per cent per annum were paid during the year on both the 

 preferred and common stock. Property and plant account shows 

 an increase over the previous year of $9,361,000. The amount of 

 unfilled orders on hand April 1, 1921, was $65,621,000. 



A syndicate of bankers composed of Goldman, Sachs & Co., 

 H. P. Goldschmidt & Co., Lehman Bros, and Halsey, Stuart & 

 Co. has offered an issue of $10,000,000 ten-year 8 per cent, sinking 

 fund gold notes of the Kelly-Springfield Tire Co. at 99yz and 

 interest. The notes are a direct obligation of the corporation, 

 constitute its only funded debt, and the proceeds will be used for 

 the funding of its floating indebtedness and to furnish additional 

 capital. 



On May 16, the plan and agreement of readjustment of debt 

 and capitalization of The Goodyear Tire & Rubber Co., dated 

 February 1, 1921, was declared operative, and pursuant thereto the 

 company has created and sold the first mortgage bonds, debentures 

 and prior preference stock, as contemplated by the plan, and has 

 been reorganized under the Ohio No Par Value Law. The com- 

 mittees under the plan have caused the preferred stock and com- 

 mon stock represented by them to be transferred to the voting 

 trustees under a preferred stock voting trust agreement under 

 which E. G. Wilmer, A. H. Scoville and W. A. Phillips are voting 

 trustees and the Union Trust Co., of Cleveland, Ohio, is deposi- 

 tary, and under a common stockholders' voting trust agreement 

 under which Fred S. Borton, C. R. Erwin, E. E. Mack, Russel L. 

 Robinson and F. A. Seiberling are voting trustees and The L^nion 

 Trust Co., of Cleveland, Ohio, is depositary. 



DIVIDENDS DECLARED 



The B. F. Goodrich Co.. Akron. Ohio, has declared its quarter- 

 ly dividend of one and three-quarters per cent, payable July 1 

 on preferred stock of record June 21, 1921. 



The Fisk Rubber Co., Chicopee Falls, Massachusetts, has de- 

 clared its quarterly dividend of one and three-quarters per cent 

 on second preferred stock of record June 1, payable June 15, 

 1921. 



The Lee Rubber & Tire Corporation. Conshohocken, Penn- 

 sylvania, has declared a <iuarterly dividend of fifty cents per 

 share, payable June 1 on common stock of record May 16, 1921. 



The New Jersey Zinc Co., Inc., New York, has declared its 

 quarterly dividend of two per cent, payable August 10 on com- 

 mon stock of record July 30, 1921. 



NEW YORK STOCK EXCHANGE QUOTATIONS 



.May 2.1, 1921 



High Low 



Ajax Rubber Co., Inc 31'/^ 31 J.^ 



The Fisk Rubber Co ISH 15^4 



The B. F. Goodrich Co 37'/i 36^ 



The B. F. Goodrich Co., pfd .... 



Kelly-Springfield Tire Co ASyi 4i'/i 



Kelly. Springfield Tire Co., pfd .... 



Keystone T. & R. Co., Inc., The 



Lee R. & T. Corporation 26"/i 26^^ 



United States Rubber Co 72H 71% 



United States Rubber Co., 1st pfd 



Last 



31/. 



37H 

 43^ 



26 !4 

 '/2<A 



AKRON RUBBEil STOCK QUOTATIONS 



Tile following are closing quotations of May 20, supplied by 



Otis & Co., Cleveland, Ohio : 



Bid Asked 



Firestone T. & R. Co.. com 70^4 74 



Firestone T. & R. Co.. 6% pfd 88 



Firestone T. & R. Co., 7% pfd 80 



Cener.ll T. & R. Co., The. com 



General T. & R. Co., The. 7% pfd 75 85 



lioodyear T. & R. Co., The com 9»< 10 



Cioodycar T. Sr R. Co., The. 7% pfd 28 29>i 



McGraw T. & R. Co., The 5 



McGraw T. & R. Co.. The T/i 12 



Mason T. S: R. Co., The, com 15 18 



Mason T. S: R. Co., The, 7% pfd 55 60 



Marathon T. & R. Co., com 3 4 



Miller Rubber Co., The, com 70 



Miller Rubber Co.. The. 8% pfd 68 70 



Portage Rubber Co., The, com 17 18 



Portage Rubber Co., The. 7% pfd 33 35 



Victor Rubber Co., The 16 20 



NEW INCORPORATIONS 



Allied Golf Co., March 23 (Illinois), $100,000. A. J. Musselman, presi- 

 ilenl; C. L. West. \ ic-cprcsident ; 1. S. White, secretary and treasurer. 

 I rincipal cffice. S04 Washington Boulevard, Chicago, Illinois. To manu- 

 facLure and sell golf e<|uipment. 



.Mlbestcs Crpr ration, .April 6 (Pennsylvania), $250,000. W. G. Kitchen, 

 president and treasurer; J. F. Bolger, vice-president and general manager; 

 and J. S. Barr. assistant treasurer. Principal office, Philadelphia, Penn- 

 sylvania. To manufacture asbestos yarns for insulating electrical appara- 

 tus, etc. 



Ambassador Tire Corporation, April 28 (New York), $30 000 M 

 Mayer, 9 West 91st street; T. S. Heimann and S. M. Heimann, both of 

 51 East 96th street — both in New York, N. Y. To manufacture tires, etc. 



Beaver Rubber Manufacturing Co., Inc.. April 25 (New York), $250,000. 

 F. L. Minnigerodc. C. M. Coryell and R. Czajkowski — all of 30 Church 

 street. New York, N. Y. To manufacture mechanical rubber goods. 



Chalfin Crude Rubber Corporation, April 30 (New York), $2,000. C. 

 IVinn, I C. Maxwell and S. E. Alpert— all of 35 Nassau street, New York. 

 N. Y. 



Congress Rubber Products, Inc.. .\pril 26 (New York), $1,000 G A 

 Malla. S729— 119th street, and C. Schaembs, 10414— 89th avenue, both in 

 Richmond Hill; and J. O'Brien, 834 Park Place, Brooklyn — both in New 

 \'ork. Rubber goods and novelties. 



Converse Tire Co., .\pril 28 (Massachusetts), $100,000. M. M. Con- 

 verse and H. Bullock, both in Andover, and H. Endicott, Weston — both 

 in Massachusetts. Principal oflice. Maiden, Massachusetts. To manufac- 

 ture and deal in tires and accessories, rubber goods and crude rubber. 



Eureka Rubber Preserving Co.. March 11 (West Virginia), $400,000. 

 II. 11. Wightman, Hinton, and H. E. Haskell and A. E, Kelly, both in 

 Huntington — both in West Virginia. Principal office, Huntington, West 

 \'irginia. To manufacture and sell rubber inner tunes. 



Framingham Iron & Metal Co., April 15 (Massachusetts), $50,000. L. 

 D. Covich, 7 Esmond street, Dorchester; S. Bean. 52 Waverley street, 

 Framingham— -both in Massachusetts; and M. Siben, 127 Hester street, 

 New York, N. Y. Principal office, Framingham. Massachusetts. To buy 

 and deal in rubber, metals and waste materials. 



Gleasonite Co., April 21 (Massachusetts), $75,000. M. Brown and L. 

 P.rown — both of 11 Gibbs street, Brookline. and F. J. Gleason. 22 Pres-' 

 cott street, Cambridge — both in Massachusetts. Principal office. Boston, 

 Massachusetts. To buy and deal in rubber and machinery. 



Holyoke Cord Tire Co.. Inc.. May 2 (New York), $2,000. J. S. Bern 

 stein. 233 Broadway, and S. R. and C. S. Huntley, both of 41 East 47th 

 street — both in New York. N. Y. To manufacture cord tires. 



Insulite Co.. March 7 (West Virginia). $50,000. A. G. Strickler, G 

 W. Moore and C. B. Morris — all of Ellenboro. West Virginia. Principal 

 office. Ellensboro, West Virginia. To manufacture, buy and sell hard rub- 

 l>er substitutes for electrical insulations, etc. 



Larkide Co.. The, April 14 (Massachusetts). $75,000. H. V. Tillson. 23 

 Mellen street, Cambridge; Charles E. Fay. 46 Rossmorc Road. Tam'aica 

 Plain- and David J. Donahue, 46 Huntington avenue. Boston — all of Massa- 

 chusetts. Principal rlffice. Boston. Massachusetts. To buy. sell, deal in and 

 manufacture cottons, rubbers, rubber substitutes, chemicals, dyes, etc. 



Le Boeuf Fountain Pen Co., Inc., April 20 (Massachusetts). $100 000. 

 F. Le Boeuf. 51 Arch street; E. E. Le Boeuf, 755 White street; L. T. 



Learned, and J. H, WilHams — both in Round Hill; and E. I^ Boeuf all 



in Springfield, Massachusetts. Principal office, Springfield, Massachusetts. 

 To manufacture fountain pens. 



Liberty Druggists' Sundries Co.. April 30 (Delaware). $25,000. Incor- 

 porator, Corporation Guarantee & Trust Co., 323 Land Title Building, 

 Philadelphia, Pennsylvania; attorney, M. D. Canter. 597 Union Arcade, 

 Pittsburgh, PennsylVcTnia. 



Lincoln Vulcanizing Co.. Inc.. Mav 19 (New York). $5,000. D Klein. 

 963 Kelly street. Bronx; R. Thahvi'tzer. and T. Remhardt. both of 218 

 Elbertson street. Elmhurst — both in New York. Tire repairs. 



McDonald-Harker Co.. The. lanuary 28 (Iowa). $25,000. C. F. Mc- 

 Donald, president, Marinette. W"'isconsin_; D. A. McDonald, secretary and 

 treasurer, and G. W. Ilarker. vice-president — both of Des Moines. Iowa. 

 Principal office. 1206 Grand avenue. Des Moines. Iowa, To sell pneumatic 

 and solid tires and cushion wheels, do vulcanizing and automobile repair- 

 ing, etc. 



Merrit' Rubber Co.. Inc.. May 16 (New York). $10,000. J. H. Horne. 

 123 Chester avenue. Brooklyn, and S. M. Post. 414 East 4th street. New 

 York — both in New York; and M. J. Kates. 1258 East 2nd street, Pl^;^ 

 field. New Jersey. 



