February 1, 1921 



THE INDIA RUBBER WORLD 



351 



News of the American Rubber Industry 



FINANCIAL NOTES 



THK KI1L1.0WING is the condensed balance sheet of The Mason 

 Tire & Rubber Co., Kent, Ohio, as at the close of business 

 October 31. 1920: 



Assets 



Current: 



Cish balances $114,149.33 



Accounts and nntes re- 

 ceivable $739,186.41 



Uss reserves 18,000.00 721,186.41 $835,335.74 



Inventories 



Finished RooHs af faclorv an<l 



branches $1,783,044.87 



Work in process 172.779.01. 



Raw material and supplies 670,389.37 2,625,213.25 



Total current ossets 



Other assets: 



Misccllanec us investments $103.500 00 



Transnorlatinn claims 5,683.82 



Fixed .'\ssets: 



Real estate $67,500.00 



r.uiMings $1,388,952.27 



Machinerv and equip- 

 ment ' 1.739.542.36 $3,128,494.63 



Less reserve for depreciation 182.957.50 



$3,460,548.99 

 109,183.82 



As appraised by .'\merican Appraisal Co 2,945.537.13 



October 31, IQjn, at sound market values. 



dormitorieE (.at ci«t) 205.000.00 3,218,037.13 



Deferred Charee's: 



Miscellaneous deferred and piepai<l ex|>cnses. 



Gor<l will, trade marks, etc 



Less capital surplus 



.$2,211,409.53 

 . 935.639.50 



160.540.77 

 1.275.770.03 



Liabilities and Capital 



Current: 



Accounts and nctes payable $834,586.07 



Dividends payable 46,268.00 



$8,224,080.74 



Total current liabilities 



7% Serial Cold Notes: 



(MaturinK May 1, 19211 



7% Serial Gold Notes: 



(Maturing N.vcinber 1, 1921, to May I, 1926 inclusive). 

 Accrued: 



Accrued taxes and royalties 



Reserve : 



For tire adjustments 



Capital 



$880,854.07 



50,000.00 



650,000.00 



38,430.02 



20,000.00 



ipit 



Preferred stock $5,458,920.00 



Commcn stock "A" 500,000.00 



O mmon .stock "ft" 383,462.50 $6,342,382.50 



Payments on canital stock subscriptions. 



Surplus: 



.\udit«>rs" balance .November ?, 1919... 



1919 inctimc t;i\ r.nd other adjustments. 

 Profit for year 



65.048.42 6,407,430.92 



Less dividends $414,834.22 



Less adiustmints 13,712.82 



$45,671.51 



32,581.57 



527,669.69 



$605,922.77 

 428,547.04 



177,375.73 

 $8,224,080.74 



Contingent liability October 31, 1920, on trade acceptances dis- 

 counted, as verified by correspondence with all banks, was $155,- 

 035.11. Estiinated income and profits taxes for year, for which 

 no reserve wa'^ set up, approximately, $75,000. 



CLEVELAND STOCK EXCHANGE QUOTATIONS 



Tlic fiiUowiiij; are closing (|ii(jtatioiis of January 20, supplied by 

 The .App-Hillniaii Co., Second National Building, Akron, Ohio: 



Bid Asked 



American K. & T. Co.. com 45 70 



.■\mazon Rubber Co.. The 45 



Fire.su ne T. & R.. com 85 90 



Firestone T. & R. 6% pfd 85 90 



Firestone T X- R.. 7% pfd 77 80 



General T. & R. Cr,.. The. com 200 250 



General T & R. Co.. 7% pfd 80 85 



Crtodrich. R. F. Co., The. com 42 43 



Goodrich, B. F., Co., The. pfd 79 83 



Goodrich, H. F,, Co., The, 5yr 7% notes 89 90j^ 



Goodyeai. T. & R. d .. The, com 22 23 



Goodyear T. 8i R. Co., The, 7% pfd 46 47 



India T. ft R. Co., com 100 130 



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



Ma=on T. & R. Co, The. com 17 20 



Mason T. & R. Co.. The. 7% pfd 65 70 



Ma'athon T. & R. Co.. com 4 



Bid 



Miller Uubbcr C>>.. The. con> 85 



Miller Rubber ("o . The. S% pfd 85 



Mohawk Rubber Ci.. The 120 



Portage Rubber ("o.. The, com 23 



Port.igf Rubber Go., The, 7% pfd 40 



Repi'blic Rubber, com ivi 



Republic Rubber, 7% pfd 



Republic Rubber, 8% pfd 18 



Rubber Products Co., The 



Star Rubb:?r Co., com 



Star Rubber Co., 8% pfd 



Swinehart T. & R., com 25 



Swinehart T. ,<V' R., 7% pfd 



Phoenix Rubber Co.. com 



Phoenix R:ibl)cr Co.. pfd 



Standard Tire Cf., com 



Stnndard Tire Co.. I)fd 



NEW YORK STOCK EXCHANGE QUOTATIONS 



Janiaby 25, 1921 



.\jax Rubber Co.. Inc 37 36}^ 



The lisk Rubber Co 14!^ 14S4 



The li. F. Goodrich Co A0% 40H 



The li. F. Goodrich Co.. pfd 83 83 



Kelly. Sl)ringficld Tire Co 47% 46'/. 



Kelly.Slirin;;»ield Tire Co.. pfd 93 94 



Keystone T. & R. Co., Inc llji 11^ 



I.ee R. & T. Corp 20 19^ 



United States Rubber Co 695^ 67J:) 



Tniteil States Rubber Co.. 1st pfd 103 103 



DIVIDENDS DECLARED 



CVmiiany Stock Rate Payable 



.\merican Wringer Co Pfd. 1 i'i 7c Jan. IS 



Ganadinn Connecticut Cotton Mills. 



Limited 8% par.pfd.2% q. Jan. 1 



Corn Products Refining Co Com. $1(1. Jan. JO 



Corn Prc<lucts Refining Co Com. $0.50 q. Ian. 20 



( oru Products Refining Co Pfd. $1.75 q. "Jan. 15 



KaglePicher Lead Co.. The Pfd. l'/j%q. Ian. 15 



Firestone Tire & Rubber Co Pfd. $1.50 q. Jan. 15 



Fisk Rubber Co.. The 1st pfd. Ii4%q. Feb. 1 



Franklin Rubber Co Com. 6% an. Jan. 10 



General Klectric Co Com. 2% q. Jan. 15 



(ieneral Klectric Co Com. 2% stk. Tan. 15 



General Tire S: Rubber Co Pfd. 1 K % q. Jan. 1 



Goodrich 11 F., Go.. The Com. $1.50q. Feb. IS 



Goodrich, n. F., Co.. The Pfd. U:J%q. Apr. 1 



Goodrich, n. I'.. Co.. The Pfd. lM%q. July 1 



llodj'man Rubber Co Pfd. 2% q. Feb. 2 



Ilio.l Rubber Co Pfd. 1 -l:! % q. Feb. 1 



India Tire X- Rubber Co.. The Com. 2% q. Tan. 3 



India Tire S: Rubber Co.. The Pfd. lH%q. Jan. 3 



Kelly. .Srirint field Tire Co Com. $1 cj. Feb. 1 



Kelly-Sprincfield Tire Go Com. 3% stk. Feb. 1 



KellySiiringfield Tire Co 8% pfd. $2 q. Feb. l.i 



let Rul'ber & Tire Coriioration. . .Conk $0.50 q. Mar. 1 



Maiiutactured Rubber Co.. The.. Pfd. I !4 % q. Tan. 12 



Miller Rubber Co . The Com. $lq. Tan. 20 



M'hawk Rubber Co.. The Com. $150 Jan. 1 



New Jersey Zinc Co.. The Ccm. 2% q. Feb. 10 



Philadelphia Insulated Wire Co.. Com. Sl.SOq. Tan. 15 



I'nited Stales Rubber Go Com. 2% (|. Ian. 31 



I'nited States Rubber Co 1st pfd. 2% q. Jan. 31 



Westingbouse Klectric & Manufac- 

 turing Co Com. 2% ($1) (|. Jan. 31 



Westingbouse Electric & Manufac- 

 turing Co Pfd. .'7<.($l).i. Tan. 15 



Wrigley. Jr.. Wm. Co Com. $0.50 m. Feb. 1 



Asked 



90 



88 

 13U 



25 



45 

 I 'A 



37 



22 

 100 

 100 

 100 



40 



70 



20 



90 

 125 



90 



i6'A 



40K 

 83 



94 



im 



\S'/i 

 68/. 

 103 



Stock o* 

 Record 



Dec. 31 



23 

 3 



Dec 

 Jan, 



Jan. 3 



Jan. 3 



Jan. 2 



Jan. I 



Tan. 21 



Dec. 31 



Dec. 8 



Dec. 8 



Dec. 20 



Feb. 4 



Mar. 22 



June 21 



Jan. 15 



Jan. 20 



Jan. 31 



Tan. 10 



Jan. 15 



Jan. 15 



Dec. 31 



Dec. 31 

 Jan. 25 



NEW INCORPORATIONS 



.\ir Container Co.. January 13, 1921 (New Jersey), $250,000. A. G. 

 Fitzgerald, Boston, Massachusetts: G. O. Tennant, T. M. Kane — both of 

 Jersey City, New Jersey. To manufacture tires. 



.American Rubber Holding Co., December 17, 1920 (Delaware), $1,000,000, 

 M. M. Lucey. M. It. Reese. \'. P. Lacey — all of Wilmington. Delaware. 



Go-nperative Rubber & Mfg. Co., January 13. 1921 (Delaware). $600,000, 

 .\. W. Hritton. S. I!. Howard. I< K. Thistle— all of New York. To manu- 

 facture tires. 



(Ja.sco Manufacturing Co., September 24, 1920 (Pennsylvania), $50,000. 

 G. H. Shreiner, president: O. L. Whallen, vice-president; L. R. Whallen^ 

 secretary: R. W. Shreiner, treasurer — all of Lancaster, Pennsylvatiia. To 

 manuf;icture and sell automotive equipment and accessories. 



Gotham Co., Inc., December 20. 1920 (New YorM. $100,000. Julius II. 

 and Gustav Cobn. both of 251 West 92nd street. New York Cily: .\. H.- 

 Cohn. Larclimont — both in New York. To manutacture rubber goods. 



Great West Rubber & Footwear. Ltd.. October 22. 1920 (Canada), $200,000. 

 D. R. Yates, president: R. W. Wallace, vice-president (7. F. Bletclier, sec- 

 retary and treasurer, principal office, Lcthbridge, Alberta, Canada. To dis- 

 tribute Dunlop tires, accessories and mechanical goods. 



Hard I'ibre & Insulation Corp., January 21, 1921 (New York), $50,000. 

 W. K. Dancink, 52 West 76lh street; A. N. Sohmer, 237 West lO/tli street; 

 J. W. Canter, 952 Simpson street — all in New York G'ty. 



