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THE INDIA RUBBER WORLD 



April 1, 1931 



BOSTON NOTES 



A. L. Morton has resigned as director of the Boston office 

 of the Xational Aniline & Chemical Co. and will enter the 

 dyestuff business in Boston on his own account. Mr. Norton has 

 been connected with the National company since the time of its 

 reorganization. 



Farley & MacNeill, Boston agents for the Cleveland-Standard 

 fabric and Tiger-Foot cord tires, have leased a five-story build- 

 ing at 62-64 Stanhope street for the manufacture of electric 

 storage batteries and kindred equipment. The Mac-Lite Storage 

 Battery Co. is the firm name under which the new business is 

 being conducted, its product being known as the Maclite "High 

 Test" battery. 



The New England Blacking Co., 24 Binford street, has been 

 reorganized with Ralph L. Pope as president, D. P. Palmer as 

 treasurer, while George Wachtler, who has been with the con- 

 cern over twenty years, will continue as production manager. 

 Mr. Pope was for several years vice-president of the North- 

 eastern and Northwestern Leather Companies. The firm manu- 

 factures high-grade blackings, dressings, stains, cements, wa.xes, 

 polishes and other specialties for shoe manufacturers and tanners. 

 It proposes to develop and increase its business in rubber cement 

 for the shoe manufacturing trade, aim will establish a service 

 department to aid the manufacturer in solving his problems. 



Donald T. Hood, of the Hood Rubber Co., Watertown, is a 

 director of the newly organized Boston National Bank, with a 

 capital of $200,000 and a surplus of $50,000, which will open in 

 Hanover street, Boston, on February 1. The bank has been 

 formed by a group of representative Boston business men and 

 Italian-American bankers, so that citizens of foreign birth or 

 descent in Boston and vicinity may have banking facilities on the 

 soundest basis that the banking system of the country provides. 



The staff of the Boston office of the Swinehart Tire & Rubber 

 Co. was banqueted recently at the home of the manager, J. C. 

 Stoner, celebrating the close of the most successful year since 

 the opening of the branch. The greatest sales increase has been 

 in cord and cushion truck tires. 



The annual meeting of the Franklin Rubber Co., 134 Federal 

 street, Boston, Massachusetts, was held February 2, 1921. The 

 following officers were reelected: Asa C. Merrill, president; 

 Everett L, Fuller, treasurer; Lorin L. Fuller, assistant treasurer. 

 Following the custom of the past few years, it was again voted 

 that the employes of the company be given a bonus on their earn- 

 ings of 1920, payable April 1, 1921. The Franklin Rubber Co. 

 manufactures rain-proof and rubber goods and has its factory at 

 Maiden, Massachusetts, 



F. Abbott Goodhue, vice-president of the First National Bank 

 of Boston, has been chosen president of the International Ac- 

 ceptance Bank, Inc., of New York, which has been organized to 

 finance American trade abroad. Daniel G. Wing, president of the 

 First National Bank of Boston is also a director of the new or- 

 ganization. It will have a fully subscribed capital of $10,000,000 

 common stock, 250,000 shares of special stock, having no par 

 value, and a subscribed surplus of $5,000,000. The bank will 

 function mainly by granting short-term acceptance credits to aid 

 American firms in developing foreign trade. 



At the recent annual meeting of the Boston Belting Co. the 

 following officers and directors were elected for the ensuing 

 year: William E. Hardy, president; Fred H. Rice, treasurer; 

 Lee M. Friedman, clerk; Harry H. Whitesel, George H. Corey, 

 David W. Gray, Percival H. Peckham. The president reported 

 that the factory had run full time for the year 1920 and had 

 sufficient orders to insure continuation of operation. The treas- 

 urer's report showed current assets slightly more than four 

 times current liabilities after allowing for an inventory write- 

 off at cost or market, whichever was lower. The inventory 

 approximates 16 per cent of the gross sales for the year, which 

 totaled $1,411,000. Since the reorganization of the company in 



October, 1919, and after deducting for preferred dividends paid, 

 reserves for taxes and dividends payable April 1, 1921, there 

 remains $11.50 per share for the common stock issue. 



Wallace O. Durell has been appointed representative of the 

 Quaker City Rubber Co., Philadelphia, Pennsylvania, in the 

 Boston territory. Mr. Durell's wide acquaintance among auto- 

 mobile men in this section should result in many Quaker tires 

 appearing on New England cars this spring. 



VICE-PRESIDENT, THE B. F. GOODRICH CO. 



CHARLES Bezbe Ravmond, vice-president of The B. F. Good- 

 rich Co., Akron, Ohio, was born in .Akron, February 12, 1866, 

 and has always lived there. 



His education was received in the .Akron High School and 

 Amherst College, Amherst, Mas- 

 sachusetts, from which he grad- 

 uated in 1888. In 1918 Amherst 

 College conferred on- him the de- 

 gree of M.A. 



He began his business career in 

 September, 1888, as secretary of 

 the Akron Woolen & Felt Co., 

 Akron, Ohio. In 1891 he accepted 

 a position with the Goodrich 

 Hard Rubber Co., Akron. Ohio, 

 and has ever since been identified 

 with the rubber industry. When 

 this company became a part of 

 The American Hard Rubber Co., 

 in 1898, he was made manager 

 and director of the Akron plant. 

 This position he held until 1905 

 when he resigned to become as- 

 sistant secretary of The B. F. Goodrich Co. ; in 1907 he was ad- 

 vanced to secretary, in 1916 to second vice-president and in 1919 

 to vice-president. 



Mr. Raymond is a director of the First-Second National Bank, 

 Akron, Ohio ; trustee of Kenyon College, Gambler, Ohio ; was 

 president of the Akron Chamber of Commerce, 1910-1912, and 

 has been president of the Board of Trustees, Akron City Hospital, 

 since 1910. 



Charixs B. Raymond 



THE RUBBER TRADE IN OHIO 



By Our Regular Correspondent 



AKRON NOTES 



VVT'hile the month just passed has been devoid of spectacular 

 » » features of any kind in Akron rubber circles, it has been 

 characterized by rumors that the waiting period is practically 

 at an end and improvement in production is about to be realized. 

 In the face of indefinite postponement of the meeting to complete 

 its financial reorganization, the Goodyear company has speeded up 

 to 60,000 tires a week. This is a little less than 30 per cent of the 

 production of last July, which was beyond question the best month 

 in the company's history. 



The manner in which tire manufacturers have curtailed produc- 

 tion during the past few months is shown by figures published in 

 .Akron and known to be authoritative. 



In December of last year 350,071 tires were sold to manufac- 

 turers for new equipment and 977,082 to dealers for replacement. 

 In addition to this, 39,278 tires were exported, making a total for 

 the month of 1,366,431. During the same period only 506,111 

 tires were manufactured, showing that sales exceeded 860,320 

 tires. During November 649,742 tires were manufactured, and 

 although figures for sales are not given, it is stated that they ran 

 about in the same pr«p«rtion as during the previous month. 



