November 1, 1920 



THE INDIA RUBBER WORLD 



117 



News of the American Rubber Industry 



DIVIDENDS 



THt American Chicle Co., New York City, has declared a 

 dividend of $1 per share, payable N'ovember 1 on its non-par 

 value common stock of record October 20, 1920. 



The American Wringer Co., Woonsocket, Rliode Island, re- 

 cently declared its quarterly dividend of $1.75 per share, payable 

 October 15 on preferred stock of record September 30, 1920. 



The American Zinc, Lead & Smelting Co., New York City and 

 St. Louis, Missouri, has declared its regular quarterly dividend 

 of $1.50 per share, payable November 1 on its preferred stock of 

 record October 15, 1920. 



The Dayton Rubber ManufoCluring Co., Dayton, Ohio, recent- 

 ly declared its 26th consecutive dividend of seven per cent, 

 payable October 1, 1920. 



The Firestone Tire & Rubber Co., Akron, Ohio, recently de- 

 clared a quarterly dividend of one and one-half per cent, payable 

 October 15 on its six per cent preferred stock of record October 

 1, 1920. 



The General Tire & Rubber Co., Akron, Ohio, recently de- 

 clared its regular quarterly dividend of one and three-quarters 

 per cent, payable October 1 on preferred stock of record Septem- 

 ber 20; it has also declared a dividend of four per cent, payable 

 November 1 on common stock of record October 20, 1920. 



The Hodgman Kubber Co., Tuckahoe, New York, has declared 

 its quarterly dividend of two per cent, payable November 1 on 

 preferred stock of record October 15, 1920. 



The Kelly-Springfield Tire Co., New York City, has declared 

 the following dividends : quarterly, $1 per share, and a three per 

 cent stock dividend, both payable November 1 on common stock 

 of record November 15; quarterly, $2 per share, payable Novem- 

 ber 15 on eight per cent preferred stock of record November 1, 

 1920. 



The Lee Rubber & Tire Corporation, Conshohocken, Penn- 

 sylvania, has declared a quarterly dividend of fifty cents per share, 

 payable December 1 on capital stock of record November IS, 1920. 



The Manufactured Rubber Co., Philadelphia, Pennsylvania, re- 

 cently declared its quarterly dividend of one and one-half per 

 cent, payable October 14 on preferred stock of record October 9, 

 1920. 



The O'Banncn Corporation, New York City, recently declared 

 its regular semi-annual dividend of three and one-half per cent, 

 payable October 1 on preferred stock of record September 25, 

 1920. 



Tlie Sterling Tire Corporation, Rutherford, New Jersey, re- 

 cently declared the following dividends : one per cent, quarterly, 

 on common stock ; one and three-quarters per cent, quarterly, on 

 seven per cent preferred stock ; and two per cent, quarterly, on 

 Series B preferred stock ; all payable October 20 on stock 

 of record September 30, 1920. 



The Tyer Rubber Co., Andover, Massachusetts, paid its regular 

 quarterly dividend of $1.50 per share on common stock, October 

 15, 1920. 



The United States Rubber Co., New York City, recently de- 

 clared quarterly dividends of two per cent, payable October 15 

 on both common and first preferred stock of record October 30, 

 1920. 



The Van der Linde Rubber Co., Limited, Toronto, Ontario, 

 has declared its regular semi-annual dividend of seven per cent. 



The Wellman-Seaver-Morgan Co., Akron, Ohio, recently de- 

 clared its fifty-ninth quarterly dividend of one and three-quarters 

 per cent on preferred stock. On account of contracts for car 



(hunpcrs, lloating cranes, and rubber machinery, totaling about 

 #1.500.000 and requiring considerable capital, the usual cash divi- 

 dend on common stock was deferred and instead a ten per cent 

 dividend to be charged to accumulated surplus was voted, payable 

 t)ctober 15 to stock of record September 28, 1920. 



The Wcstinghouse Electric & Manufacturing Co., East Pitts- 

 Inirgh, Pennsylvania, recently declared quarterly dividends of 

 two per cent ($1 per share), payable October 15 on preferred 

 stock and October 30 on common stock; both on stock of record 

 September 30, 1920. 



FINANCIAL NOTES 



Colonel Samuel P. Colt, chairman of the board of directors of 

 tlic United States Rubber Co., denies the reports that his com- 

 pany will require new financing before January 1. He calls atten- 

 tion to the fact that the business of the United States Rubber 

 Co. is well balanced between footwear, tires and mechanical 

 goods, the former being its largest product, and tires being about 

 one-third of its total production. He stated that there had been 

 no falling off in the volume of the company's sales taken as a 

 wliolc. 



A $500,000 issue of 7 per cent cumulative preferred stock has 

 recently been announced by the Converse Rubber Shoe Co., 

 Maiden, Massachusetts. This is the first block to be sold from 

 the last authorized increase of $2,000,000 in the company's capitali- 

 zation. 



Tlie Falls Rubber Co., Cuyahoga Falls, Ohio, increased its 

 authorized capital stock $1,500,000 on October 1, giving the com- 

 pany an authorized capital of $2,500,000, all common stock. 



The following is the statement of Boston Woven Hose & Rub- 

 lier Co., Boston, Massachusetts, as of September 1, 1920. 



Assets 



Patents 



Office furniture . . . . 

 l.and and buildings 

 Less depreciation 



Machinery and tools $2,325,961.74 



Less depreciation 1,256,940.37 



$2,352,053.46 

 816,457.90 



$1,535,595.56 



1,069.021.37 

 5,055.76 



Cafeteria fixtures 



Cash $465,215.18 



Accounts receivable 1,791,264.77 



Notes receivable 16. 392.00 



Merchandise inventory 4,926,299.26 



Notes receivable — Employees* stock subscriptions 



Liberty Bonds 



Capital stock, preferred 

 Capital stock, common . 



Loans, bills payable . . . . 

 Loans, Liberty Bonds . . 



Accounts payable 



Accrued wages 



Surplus 



Liabilities 



$750,000.00 

 4,200,000.00 



$2,455,000.00 

 325,000.00 

 515,116.24 

 41,235.96 



$1.00' 

 1.00 



2,609,672.69 



7,199,171.21 

 234,066.41 

 405,436.00 



$10,448,348.31 



$4,950,000.00 



3.336,352.20 

 2,161,996.11 



$10,448,348.3! 



A group of New York and Chicago bankers has advanced a 

 substantial sum to The Goodyear Tire & Rubber Co. and fur- 

 ther amounts will be provided as required. Goodyear business 

 continues on an even keel, showing sales for the first 26 days of 

 September in excess of $14,000,000. With the fiscal year ending 

 October 31 sales to date exceed $195,000,000, and will thus go 

 far above $200,000,000 for the year, as compared with slightly 

 over $167,000,000 last year. 



It is reported that The Perfection Tire & Rubber Co. will issue 

 $1,000,000 8 per cent gold notes for one year to be dated October 



