360 



THE INDIA RUBBER WORLD 



Febru.\ry 1, 1921 



an- Ikiiis ciiiitinucd in New Vork. The first delinitc statement 

 rcganling tlic linancial conditions of the Goodyear company was 

 yiven out at the preferred stockholders' meeting, December 23, in 

 the form of a report of the auditing by Price-Waterhouse & Co. 



\sscts are given as $153,076,840. from which is subtracted the 

 first deficit shown since 1903, before providing for possible losses 

 on contractual obligations for rubber and fabric of $15,647,653.56. 



A total of $10,787,-194 has been charged off for depreciation 

 on the -Xkron plain, .\kron and branch autonioliiles, and furniture 

 and e(iuipment at branches. 



( )utslanding preferred stock is $65.497,700 ; common stock, 

 J61,lll,fi50: total bills payable, $23,879,812, not including $4,388,- 

 (J.S6 in rubber and fabric acceptances payable, and $12,711,168 in 

 bills payable, including Federal ta.xes due. 



The Sumatra rubber plantation is \alued at $5,003,257, and sub- 

 sidiary companie>, wholly owned. $13,352,158. Inventories less 

 reserve, are given at $41,107,758. 



.■\t this writing the company has or(ler> on its books which i)rac- 

 tically demand doubled production, but factory activities will not 

 increase until the financial difficulties are ironed out. 



The ^tory of the rise of L. C. Rockhill to the directorate of 

 The Goodyear Tire & Rubber Co. is the story of a man who 

 thirteen years ago chose rubber goods manufacture as one of the 

 great future industries, and remained with it, w-orking with all his 

 might. Mr. Rockhill started with the Goodyear company in the 

 repair and accessory department, shifted to the aeronautical de- 

 partment, then to the tire sales department, in which he went to 

 the lop. and has recently been elected a member of the board 

 of directors to succeed J. P. Lodmis. 



Alliert L. Ely, formerly in charge of the patent department of 

 the Firestone Tire & Rubber Co.. Akron, has opened offices in 

 connection with the law offices of Herberich, Burroughs and 

 Smitfi. Herberich building, Akron, and will practice patent and 

 trade mark law exclusively. 



The India Tire & Ruliber Co., Akron, has estal)Iishcd an export 

 department, in charge of Lynn Harvey, formerly assistant export 

 manager for the Miller Ru1)ber Co., Akron. Mr. Harvey recently 

 returned from a business trip covering .\ustralia, Tasmania, New 

 Zealand and Hawaii, and reports good liusiness in those regions. 



The Interlocking Cord Tire & Belt Co., .\kron and Mogadore, 

 Ohio, is in the hands of Elihu Harpham, an Akron realtor who 

 was appointed receiver last month by Judge W. I. Ahern in 

 the Common Pleas Court on petition of certain stockholders and 

 officials of the company. 



CLEVELAND NOTES 



The general offices and Cleveland salesrooms of The McGraw 

 Tire & Rubber Co. have been removed from 1900 Euclid avenue 

 and are now located in the Cook building. Prospect avenue and 

 46th street, Cleveland, the company having under lease 30,000 

 square feet of space, which gives ample room for maintenance of 

 the necessary stock of tires in all sizes. 



Dexter C. Hathaway has joined the sales force of The McGraw 

 Tire & Rubber Co.. Cleveland, in the capacity of Cleveland dis- 

 trict sales manager, having general direction of sales in Western 

 Pennsylvania, Western New Vcrk, Ohio, West Virginia and 

 Kentucky. Mr. Hathaway will also devote time to the develop- 

 ment of the company's business v/ith commercial accounts. 



The McGraw Tire & Rubber Co., East Palestine and Cleve- 

 land, Ohio, was taken over last month by the Maynard H. 

 Murch Co., Cleveland, Ohio, investment bankers, to protect the 

 preferred stockholders, and in accordance with the right reserved 

 by the Murch Company, who bought $2,500,000 preferred stock 

 in August, 1919. 



R. G, Herzberger has been appointed a Cleveland territorial 

 manager for The Goodyear Tire & Rubber Co., Akron. 



MISCELLANEOUS OHIO NOTES 



.■\t the second aininal stockholders meeting of the New Tread 

 Tire Co., Columbiana, Ohio, January 10, 1921, the following 

 directors were elected : S. W. Tidd, C. V. Calvin, Eric P. Alten- 

 burg, C. R. Heck, O. \V. Altenburg, S. J. Heck, W. O. Wallace, 

 E. L. Dieffenbacher and R. I"". Luce. Officers for the coming 

 year are : S. W. Tidd, president ; C. V. Calvin, secretary and 

 treasurer ; Eric P. Altenburg. vice-president and general man- 

 ager. The New Tread Tire Co. manufactures "Marvel" cord and 

 fabric tires and reports a very successful year, with sales show- 

 ing 100 per cent increase over the preceding year. 



At its annual stockholders' meeting, held at East Palestine, 

 Ohio, January 10, Tlie McGraw Tiro & Rubber Co. elected John 

 -Morgan president and William S. Marlatt secretary and treasurer 

 for the present year. The following directors were chosen : John 

 Morgan, L. M. Keyes and Charles W. Wheeler, of East Palestine; 

 William S. Marlatt, W. S. Quinlan, Maynard H. Murch, Mac 

 S. Bethel and George E. Randies, of Cleveland : R. V. Mitchell, . 

 Canton — all in Ohio; C. H. Coffin, Chicago; Martin J. Gillen, 

 New York City. The company has moved its offices from 1900 

 fluclid avenue to 4810 Prospect avenue, Cleveland, Ohio. 



The Master Tire & Rubber Co., Dayton, Ohio, which was in- 

 corporated in May, 1920, to manufacture 30 by 3j^-inch cord 

 tires exclusively, reports the demand for a quality tire of this 

 size to more than justify the belief which led to the company's 

 incorporation. During 1920 the company's plant was running 

 to capacity, 500 tires per day. The plant was closed during the 

 month of November, but is now operating at full capacity and 

 has bright prospects for 1921. Its future plans include the 

 erection of a six-story plant adjoining its present unit, which 

 will have a production capacity of 2,000 tires daily, and it is 

 hoped to have this building ready for operation by the Spring of 

 1922. 



A new salesman for The Mason Tire & Rubber Co. is George 

 V. Armstrong, who will cover part of the state of Ohio, with 

 headquarters at Portsmouth, Ohio. Mr. Armstrong has had 

 several years of experience in tire selling with the Ajax Rubber 

 Co., and the Kokoino Rubber Co.'s branches in Cincinnati. 



Removal has been completed of the machinery, materials and 

 manufacturing equipment of the Polack Tyre & Rubber Co. from 

 Bridgeport, Connecticut, to Willoughby, Ohio, where the Polack 

 company will be operated as a subsidiary of the Buckeye Rubber 

 Products Co. In New York City the latter company will main- 

 lain an office, warehouse and service station, for Polack tires, at 

 527-529 West 23d street. 



The International Golf Ball Co., Newark, Ohio, was organized 

 in December, 1919, under the laws of that state, with an author- 

 ized capital stock of $10,000, to manufacture Burke golf balls as 

 a subsidiary of The Burke Golf Co. The capital has since been 

 increased to $150,000, divided into $100,000 preferred stock and 

 $50,000 common. The officers of the company are : Joseph In- 

 trocaso, president ; George Emch, vice-president ; and W. K. Wob- 

 beckc, secretary and treasurer. The amount of business devel- 

 oped during the first year of operation is attributed to the popu- 

 larity of the Burke line of golf goods. The Biirke "Grand Prize" 

 golf iiall was described in our issue of July 1, 1920. 



I'lic Mason Tire S: Ruliber Co., Kent. Ohio, at its annual meet- 

 ing of stockholders, held December 14, 1920, reelected the di- 

 rectors and the following officers: O. M. Mason, president; John 

 H. Diehl, first vice-president; R. W. McKinnon, second vice- 

 prcsidenl ; William A. Cluff, secretary, and D. M. Mason, 

 treasurer. The close of the fiscal year of the company was 

 changed from October 31 to December 31, to coincide with the 

 calendar year. The company reports 100 per cent growth during 

 the year just ended. 



