514 



THE INDIA RUBBER WORLD 



April 1, 1921 



1 per cent, the highest rate having been paid since August, 1917. 

 At the annual meeting the retiring directors were re-elected, 

 with the exception of Harold W. Stimpson, who declined re- 

 election, Benjamin Briscoe being elected in his place. 



ANNUAL REPORT OF THE KELLY-SPRINGFIELD TIRE CO. 



Gross profits of ?7, 721,501 are slioun in the annual report of 

 the Kelly- Springfield Tire Co., New York City, tor the year end- 

 ed December 31, 1920, against $7,034,284 the previous year. Net 

 profits were $3,430,914, against $3,257,549. Deductions totaling 

 $2,076,152, which included $500,000 for fluctuations in inventory 

 valuations as well as for losses on Liberty bonds and fixed and 

 miscellaneous charges, left a net income of $1,959,293 before pro- 

 viding for Federal taxes. Cash and stock dividends on preferred 

 and common stock amounting to $2,230,606 reduced the total sur- 

 plus from $8,120,453, as of December 31, 1919, to $7,203,915. 



The balance sheet shows cash, $2,182,089; accounts receivable, 

 $2,100,358; notes receivable, $114,419; merchandise and material 

 inventories, $9,751,388; accounts payable, $217,412; notes payable, 

 $8,155,000; total assets and liabilities, $36,293,942. The company 

 has no supplies or future commitments of raw materials at for- 

 mer high prices. 



FINANCIAL NOTES 



At the meeting of the board of directors of the Firestone Tire 

 & Rubber Co., .AJiron, Ohio, held March 10, 1921, the quarterly 

 dividend on the 6 per cent and 7 per cent preferred stock was 

 declared, but no dividend was declared on the common stock, 

 though there is approximately $33,000,000 surplus, and cash in 

 the banks of more than $77,500,000, thus conserving cash re- 

 sources and enabling the company to increase production and 

 replenish the stocks of finished tires depleted during the past 

 eight months. Sales are increasing, and March business is esti- 

 mated in excess of $6,000,000. There is even predicted a pos- 

 sibility of a tire shortage later in the year. It is believed for 

 the next quarter the resiunption of the dividend on the common 

 stock will be justified, as sales and administrative expenses have 

 been reduced more than 60 per cent, and with lower labor costs 

 there is a firmer foundation for increased production and sales, 

 which should result in increased earnings. 



The Delion Tire & Rubber Co., Baltimore, Maryland, succes- 

 sor to the company of the same name originally formed in New 

 Jersey, has utilized the proceeds from the sale of its 8 per cent 

 cumulative preferred stock in the purchase and equipment of its 

 factory at Baltimore. The capitalization of this company is as 

 follows : preferred stock (par $10) authorized $6(X).000, presently 

 to be issued $600,000; and common stock (no par value) author- 

 ized 100.000 shares, presently to be issued 100,000 shares. Sub- 

 scribers to the preferred stock have the privilege of subscribing 

 for the common stock at $5 per share, subject to allotment, to the 

 extent of 60 per cent of their preferred stock subscription. The 

 directors of the company are : C. B. Buchanan, W. T. Tillar, W. 

 H. Trolinger, W. H. Price, Jr., John E. Scmmes, Jr., John W. 

 Price, Robert B. Arnold, \V. C. Price, Walter M. Ballard and 

 J. I. Berinstein. 



Stockholders of Ames Holden McCready Limited, Montreal, 

 Canada, have authorized the issue of $2,000,000 seven per cent 

 10-year second refunding mortgage bonds. 



DIVIDENDS DECLARED 



Company Stock Rate 



American Chicle Co., Inc P(d. lyiVo q. 



Boston Woven Hose & Rubber Co... Com. $3.00 q. 



Brunswick-Balke-Collcnder Co Pfd. lji% q. 



Canadian Consolidated Rubber Co.. 



I.imiled Pfd. l?i% q. 



Canadian General Electric Co., Ltd.. Com. 2% q. 

 Canadian General Electric Co.. Ltd. .Pfd. 3V5%s.a. 

 Canadian Wcstinghouse Electric & 



Mnniif.icturinR Co., Limited Com. 2% q. 



Dayton Rubber Manufacturing Co... Pfd. IH% q- 



Driver-Harris Co Pfd. IJi% q. 



du Pont de Nemours, E. I. & Co., Inc. Com. 2% q. 



du Pont de Nemours, E. I! & Co., Inc. .Deb. 1^^% q. 



Firestone Tire & Rubber Co 6% Pfd. U4% 1- 



Fii-est.ne Tire & Rubber Co 7'?^ Pfd. IH% q. 



Fisk Rubber Co., The 2d Pfd. 1M% q- 



General Electric Co Com. $2.00 q. 



General Tire & Rubber Co., The Pfd. l^% q. J 



Hood Rubber Products Co., Inc Pfd. ^^% q. 



Kelly-Springfield Tire Co 6% Pfd. $1.50 q. 



Mason Tire & Rubber Co., The Pfd. Reg. q. 



United Shoe Machinery Co Com.$O.50 q. 



United Shoe Machinery Co Pfd. $0.37^2 q. 



Wcstinghouse Electric & Mfg. Co... Com. 2% q. 



Wcstinghouse Electric & Mfg. Co.. .Pfd. 2% q. 



Wilson Rubber Co Com. 10% an. 



NEW YORK STOCK EXCHANGE QUOTATIONS 



M.\RCH 26. 1921 



High Low 



Ajax Rubber Co., Inc •■•• ■■•■ 



The Fisk Rubber Co 16/4 'JTi 



The B. F. Goodrich Co 3SH 37% 



The R. F. Goodrich Co.. pfd •■• 



Kellv-Sprinsl^elrl Tire Cr. 41 39'A 



Kelly-Springfield Tire Co.. pfd 



Keystone T. & R. Co liH 16 



Lee R. R- T. Corp 28'/! 28 



United States Rubber Co 73 J< 72 



United States Rubber Co., 1st pfd 



Last 



34 



165^ 



38 



39','i 

 87 

 16 

 28 

 73 '4 

 102 



Payable 



Apr. 1 



Mar. 1 



Apr. 1 



Mar. 31 



Apr. 1 



Apr. 1 



Apr. 1 



Apr. 1 



Apr. 1 



Mar. 15 



Apr. 25 



Apr. 15 



May 15 



Mar. 15 



Apr. 15 



Apr. 1 



July I 



Mar. 1 



Apr. 1 



Apr. 1 



Apr. 5 



Apr. 5 



Apr. 30 



Apr. 15 



Stock of 

 Record 

 Mar. 19 

 Mar. 15 

 Mar. 20 



Mar. 24 

 Mar. 15 

 Mar. IS 



Mar. 21 

 Mar. IS 

 Mar. 26 

 Feb. 28 

 Apr. 10 

 Apr. 1 

 May 1 

 Feb. 28 

 Mar. 9 

 Mar. 22 

 June 21 

 Feb. 21 

 Mar, 15 



Mar."2i 

 Mar. 21 

 Mar. 31 

 Mar. 31 



AKRON RUBBER STOCK QUOTATIONS 



The following are closing quotations of March 23, supplied 

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



Bid Asked 



American R. & T. Co., com 40 50 



Amazon Rubber Co., The 20 30 



Firestone T. & R., com 75 78 



Firestone T. Jt E., 6% pfd 83 84 



Firestone T. & R., 7% pfd 73 75 



General T. & R. Co., The, com 180 205 



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



Goodrich, B. F., The, com 39 39J4 



Goodrich, B. F., The, pfd 73 76 



Goodrich, B. F., The, 5-yr. 7% notes 89 90 



Goodyear T. & R. Co., The, com 13H 14 



Goodyear T & R., Co., The, 7% pfd 32K 33 



India T. S: R. Co., com 100 130 



India T. & R. Co., 77o pfd 80 



Mason T. & R. Co.. The. com 15 16 



Mason T. & R. Co., The, 7% pfd 64 66 



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



Miller Rubber Co., The, com 65 70 



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



Mohawk Rubber Co., The 125 135 



Phoenix Rubber Co., com 18 



Phoeni.x Rubber Co., pfd 88 



Portase Rubber Co., The. com 18 20 



Portage Rubber Co., The, 7% pfd 35 



Republic Rubber, com ?4 1 



Republic Rubber, 7% pfd 20 



Republic Rubber, 8% pfd 8 10 



Rubber Products Co., The 100 



Standard Tire Co., com lOO 



Standard Tire Co., pfd 90 



Star Rubber Co., com 100 



Star Rubber Co., 8% pfd 100 



Swinehart T. & R., com 30 40 



Swinehart T K: U., 77u pfd 70 



VALVE FOR TOY BALLOONS 



Ttie newest valve for toy balloons is so constructed that it does 

 not cut the balloon. The inside of the neck is concaved in order to 

 accomplish this and 



the demand for this ^^^/''^^-^ /\ ^ — ' /^ 

 valve leads the manu- 

 facturers to believe 

 that this is one of the 

 outstanding features. 

 During the last three 

 months it has been 

 necessary to triple 



production to meet the r W V\y ■ » 



growing demand from 

 jobbers for this par- 

 ticular balloon valve. 

 The interior construe- •■^^•"•"■^ V.slve for Toy Balloons ' 



tion of the valve, which is covered by patents, is shown in the 

 accompanying illustration in cross-section.— The Anchor Rubber 

 Co., Inc., Barberton, Ohio. 



