356 



THE INDIA RUBBER WORLD 



[April 1, 1912. 



UNITED STATES HUBBER CO.'S ISSUES. 



Transactions on the Xcw York Stock Exchange for four weeks, 

 ending March 23 : 



Common Stock, $25,000,000. 



[The treasury of a subsidiary company holds $1,334,000.] 

 Last Dividend, .Tanuary 31, 1912 — 1%. 



Week March 2... Sales 2,775 shares High 46j4 Low 45% 



Week March 9. . .Sales 15,150 shares High 48J^ Low 4614 



Week March 16. . .Sales 34,350 shares High 52-kJ Low 48% 



Week March 23... Sales 20,300 shares High 53J^ Low 51 



For the year — High, 53}^, March 21; Low, 45'A, February I. 

 Last year— High, AS'A; Low, 3014. 



First Preferred Stock, $39,824,400. 



Last Dividend, January 31, 1912— 2T'f. 



Week March 2... Sales 600 shares High 110 Low 110 



Week March 9... Sales 800 shares High 110J4 Low 110 



Week March 16... Sales 1,543 shares High lU'/i Low 110^2 



Week March 23... Sales 1,435 shares High 114 Low lll^/s 



For the year — High, 114, March 22; Low, 109, Tanuary 30. 

 Last year— High, 115^4; Low, 104. 



Second Preferred Stock, $9,965,000. 



Last Dividend, January 31, 1912 — I'ii'/c. 



Week March 2... Sales .... shares High .. Low .. 



Week March 9... Sales 300 shares High 75 Jg Low 75 



Week March 16... Sales 2,300 shares High 78i'^ Low 76 



Week March 23... Sales 1,050 shares High 78^ Low 77^ 



For the year — High. 78M. March 22; Low, 75, January 23. 

 Last year — High, 79; Low, 66. 



Six Per Cent. Trust Gold Bonds, $19,000,000. 

 Outstanding of the 1908 issue of $20,000,000. 



Week March 2... Sales 42 shares High 105 Low 104i>^ 



Week ^[arch 9... Sales 54 shares High 105 Low 104.>g 



Week March 16. ..Sales 65 shares High 104fi Low 104^ 



Week March 23... Sales 43 shares High 1045^ Low 104J4 



For the year — High, 105, February 24; Low, 103}i, January 6. 

 Last year — High, 105; Low, 101 jj. 



TRADE NEWS NOTES, 



The directors of the Converse Rubber Shoe Co., Maiden, Mas- 

 sachusetts, recently voted to increase the capital stock of that 

 company from $400,000 to $600,000 by issuing preferred stock to 

 the amount of $175,000, and general stock to the amount of 

 $25,000. The preferred stock is preferred both as to dividends 

 and assets, and is a 7 per cent, cumulative stock. 



The Manufactured Rubber Co., Philadelphia, Pennsylvania, 

 paid a quarterly dividend of V/i per cent, on March 1 on its pre- 

 ferred stock. 



Auerbach Brothers Co., Chicago, Illinois, dealers in scrap rub- 

 ber, have removed their office from 3101 jNIarket square to 713 

 Postal Telegraph building, of that city. 



The New York section of the Society of Chemical Industry 

 held a meeting at Rumford Hall, Chemists' building, 52 East 

 Forty-first street. New York, on the evening of March 22. Ad- 

 dresses were made by Alcon Hirsch and Thomas W. Pritchard. 

 An informal dinner, attended by many members of the club, pre- 

 ceded the addresses. 



J. H. Lane & Co., whose offices have been located for some time 

 at 110 Worth street, New York city, intend, on the first of 

 May, to move into new quarters at Fourth avenue and Twenty- 

 fifth street. This is the first up-town movement among the large 

 selling agents for cotton mills, but, undoubtedly, it is only the 

 beginning of a general movement among such agents to the up- 

 town district. 



The Consolidated Rubber Tire Co., New York, reports earnings 

 for its fiscal year sufficient to pay 4 per cent, interest on the 

 $2,850,500 debenture income bonds, and the full rate will be paid 

 on April 1, when it falls due. The highest rate hitherto paid on 

 the bonds was 214 per cent, in 1909. As a result of the proposed 

 payment the bonds advanced to the highest price on record, the 

 rise also carrj-ing along both common and preferred stocks. 



C. W. Martin who so successfully handled the Southern busi- 

 ness of the Goodyear Tire and Rubber Co., from Atlanta, 



Georgia, has been given charge of the solid tire business of the 

 company and will hereafter make his headquarters at Akron. 



The Standard Tire and Rubber Co., Springfield, Massachu- 

 setts, has been formed as a selling corporation to handle the 

 goods in western Massachusetts, Vermont and adjacent territory 

 of the Standard Tire and Rubber Co. and the Standard Auto 

 Supply Co., of Boston. The purpose in forming this new com- 

 pany was to handle the business in the Springfield territory to 

 better advantage. 



A tire dealer in Denver, Colorado, made an effective window 

 display by cutting two strips an inch wide out of an inner tube 

 and suspending from them an anvil weighing 150 pounds. The 

 rubber not only stood this strain for a week's time but after the 

 weight was removed is said to have returned almost to its original 

 length. 



The Converse Rubber Shoe Co., Maiden, Massachusetts, is 

 venturing into the tire field. It has been making some tires for 

 the last four months — not a large number to be sure, preferring 

 to enter this field slowly and giving its product a thorough test- 

 ing before it embarks on tire making in a large way. It expects, 

 however, in due time to have a fairly extensive tire department. 



The Seamless Rubber Co., of New Haven, Connecticut, has in- 

 creased its capital stock from $500,000 to $1,000,000. 



The new policy recently adopted by the United States Tire 

 Co., of discontinuing tlie selling of tires direct to the consumer, 

 has cut off a considerable source of revenue. But it is not 

 likely to result in anything more than a temporary loss ; as it 

 was done in order to show the trade the company's friendly 

 attitude, and, of course, the dealers will be thoroughly in sym- 

 pathy with this new move. 



The annual meeting of stockholders of the Rubber Goods 

 Manufacturing Company, for the election of directors and 

 the transaction of other business, will be held at the principal 

 office of the company, 15 Exchange place, Jersey Cit}-, New 

 Jersey, on Thursday, April 11. 1912, at 12 o'clock noon. 



At a meeting of the directors of the Rubber Goods Manu- 

 facturing Company, held March 6, a dividend of 6 per cent, 

 was declared on the common stock. This is an increase of 

 3 per cent, over the previous dividend, paid last December. 

 The usual quarterly dividend of 1% per cent, was also de- 

 clared on the preferred stock. Both dividends were paid 

 March 15 to stock of record March 9. 



The Intercontinental Rubber Co., New York, declared the 

 regular quarterly dividend of 1^ per cent, on its preferred stock, 

 payable March 30. 



At the annual meeting of the Bishop Gutta-Percha Co.. held at 

 their office, 420 East Twenty-fifth street. New York City, on 

 January 17, the following officers were elected: Henry A. Reed, 

 president; Henry D. Reed, vice-president; W. Boardman Reed, 

 treasurer; Louis F. Reed, secretary. The Board of Directors 

 consists of the above-named officers. 



Many departments of the plant of the Boston Woven Hose & 

 Rubber Co., Boston, are driven at full capacity on a twenty-four- 

 hour basis, and the others are operating at an increase over the 

 normal rate. Shipments for the month of February were greater 

 than any previous month in the histor)- of the company. 



The salesmanager of the company, Mr. E. E. Fay, has just re- 

 turned from an extended trip through the Southern States and 

 reports conditions generally favorable for a larger business in this 

 section. The company's new offices at Cambridge have been com- 

 pleted and are now occupied. These offices are roomy and light, 

 allowing ample space for the present needs of all departments and 

 their future growth. Some of the modern features are indirect 

 lighting and a carrier system operating continuously to and from 

 all departments. 



The Candee Rubber Co. closed its factory on March 27, and 

 will reopen on April 4. The fiscal year of the company ends on 

 March 31, and the shut-down is for the annual stock-taking. 



