586 



THE INDIA RUBBER WORLD 



[September 1, 1912. 



F. H. Jones, of the Tyer Rubber Co., is spending his vaca- 

 tion in Maine. 



E. B. Kelley, of the Mechanical Fabric Co. (one of the "Kelley 

 Twins" of the Rubber Club of America), has just returned 

 from a trip through Europe. 



Thomas F. Kimball, advertising manager of the Hood Rubber 

 Co.. is spending a somewhat prolonged vacation in the Adiron- 

 dacks. Tom has had a strenuous year, and his health has been 

 somewhat undermined, and hence the extended respite from 

 business. 



A. D. Thornton, of the Canadian Rubber Co., Montreal, is 

 summering at Kennebunk Beach, Maine, and takes an occasional 

 run up to this cit)'. 



R. B. Woodbury, of the Hood Rubber Co. purchasing de- 

 partment, started Wednesday, August 21, en a trip across the 

 Continent. He will sail from a Pacific port for the Far East, 

 Singapore being his destination, where Mr. Woodbury will 

 study the plantation-rubber situation at close range. Several 

 friends were at the station to wish them bon voyage on their 

 long journey. 



George F. Switzer, traveling agent of the Boston Belting Co., 

 started a week or so ago on a trip to the Pacific Coast, where 

 he will call on the selling agencies of this company at San 

 Francisco, Portland and other points, as well as on the many 

 customers of the concern in the Far West. 



finished, will give additional space for machinerj'. The work 

 will be finished within a few months. 

 * * * 

 Henry J. Doughty, formerly well known as a rubber manu- 

 facturer here, is one of the moving spirits in the Progressive 

 Party here. As a result of the work of the party leaders, 

 former President Roosevelt opened his campaign here with a 

 speech in Infantry Hall. 



THE RUBBER TRADE IN RHODE ISLAND. 



By a Resident Correspondent. 



A S a result of the fire which destroyed its leased store- 

 •'*■ house, several months ago, the Revere Rubber Co., a 

 subsidiary of the United States Tire Co., whose plant is located 

 on Valley street, finds itself badly cramped for storage space. 

 Work is being rushed as fast as contractors can rush it on the 

 big four-story brick building which was started several weeks 

 ago. 



In the meantime the company is using small wooden build- 

 ings and other structures in the vicinity of the works. The 

 plant itself is being rushed to the limit of its capacity, night 

 and day forces being employed all of the time. 



The Revere company also has a rather unique feature of its 

 activities, a baseball club made up of employes. The company 

 allows this team to use the firm name and encourages the 

 sport. The team plays those made up of workers from vari- 

 ous industries about the city of Providence. 



* * * 



The American Wringer Co.'s plant at Woonsocket has re- 

 sumed operations in full, after a shut down for the purpose 

 of installing new equipment and machinery. An engine, two 

 new boilers and a generator have been put into the power plant 

 and other improvements have been made. 



* * * 



During the early part of August rubber coats began to dis- 

 appear rapidly from a number of retail stores in Providence. 

 Proprietors began to watch closely. On August 12 Edward 

 Handy, 22, of New York City, was arrested by two detectives, 

 and was fined $25 and costs in the Sixth District Court, for 

 the larceny of two coats from the Hope Rubber Co. Whether 

 he was one of a band operating on rubber goods as a special 

 line of theft, or was working alone, was not found out. 



* * * 



Business at the plant of the Phillips Insulated Works at 

 Pawtucket is so good that the company is pressed for room 

 and has rushed work on the construction of a new office build- 

 ing. Moving the office force from their present location in the 

 main plant to the new structure, the outside of which is already 



THE RUBBER TRADE IN CHICAGO. 



By a Resident Correspondent. 



/'CONDITIONS in the rubber trade have never been better, 

 ^^ judging by financial standards. Strong call for almost all 

 lines of rubber goods is reported, and manufacturers and dealers 

 in most cases report business up to full capacity. 



The tire business continues to overshadow other branches of 

 the rubber business in Chicago, as in most centers, and despite 

 the big spring months, the late summer market remains almost 

 unimpaired, and showing a strong increase over the summer 

 season of a year ago. 



Earnings and dividends are the financial gauge of the rubber 

 tire business. 



The Republic Rubber Co. has declared its usual quarterly div- 

 idend of 2^4 per cent, on the stock, payable to holders of record 

 August 6. The company has also voted to increase its capital 

 stock from $4,000,000 to $10,000,000. 



The B. F. Goodrich Co. has declared an initial dividend of 1 

 per cent, on its common stock, which was made payable August 

 IS to holders of record August 5. 



The Swinehart Tire & Rubber Co. has declared a quarterly 

 dividend of 1^/2 per cent, on its capital stock. This is a reduc- 

 tion of y2 per cent, for the quarter, the rate being reduced from 



8 per cent, to 6 per cent, per annum. 

 * * * 



Few persons have an adequate idea of the growing magnitude 

 of the rubber business in this country. The gross earnings of 

 three companies for the last fiscal year totalled $108,000,000. 

 These three companies' principal product is rubber tires. Four 

 years ago their gross earnings were considerably less than $45,- 

 000,000. Rubber Goods, Goodyear and Goodrich (including the 

 Diamond) constitute this notable trio. And to these the United 

 States Rubber Co. and the total figure for gross earnings reaches 

 the astounding figure of more than $157,000,000. 



The comparison of earnings and financial differences is 

 interesting: 



Rubber 



Goods. Goodyear. Goodrich. 

 Gross earnings latest fiscal yr.. .$34,587,269 $25,029,162 $48,528,112 



Four-year average 28,474,286 13,032,159 37.249,152 



Net latest fiscal year 3.500,997 1.087.632 7,805,312 



Four-year average 2,494.449 1,118,990 6.716.904 



Capital stock 27,293,100 10.000.000 90,000,000 



Per cent, gross (to stock) 126 , 250 54 



Working capita! 8,698,472 7.466,258 19.031,602 



Patents, etc 1,570,577 57,000,000 



Although some of tlie above figures are unofficial, the table well 

 represents the financial status of these companies, and shows the 

 Goodyear to have turned over its capital two and one-half times 

 in a year, while the Rubber Goods Co. made a turn of one and 

 one-quarter times, and the Goodrich company one-half. 



The Goodyear Tire & Rubber Co. shows gross sales for seven 

 months ending May 31 this year to be $12,477,037, as compared 

 witli $13,262,266 for tlie entire fiscal year ending October 31, 1911. 

 The total net assets of the company, after liberal allowance for 

 depreciation is made, amount to $10,032,644, equivalent to 200,6 

 per cent, on the entire issue of preferred stock. Aiter January 

 1, 1915, the company will retire $250,000 preferred stock on or 



