320 



THE INDIA RUBBER WORLD 



[June i, 1904. 



were called for. Previously none were specified. A leading 

 manufacturer of rubber stamps in New York asserts that his 

 trade has nothing to fear from the competition of composition 

 stamps; that such stamps were thoroughly tested years ago 

 and found to lack merit ; and that the government buys them 

 solely because of their low cost. 



PRICES OF RUBBER STAMPS. 

 It is asserted in the rubber stamp trade that it is impossible 

 to advance prices of products, to meet the increased cost of 

 rubber. But rubber is not the item of chief cost in such work ; 

 other materials enter to a large degree into it, and the labor 

 cost is large. One manu'acturer says that a certain grade of 

 stamp rubber used by him costs 73 per cent, more than it did 

 five years ago, but that by improved methods and by reducing 

 the waste of rubber, the net cost of his material is very little 

 more. 



RECEIVER FOR ROYAL RUBBER WORKS CO. 



In the supreme court at Hartford, Connecticut, on May 19, 

 Frederick W. Starr was appointed receiver for The Royal Rub- 

 ber Works Co., of that city. The motion for a receivership 

 was made by the Fairfield Rubber Co. and other creditors. 

 The company was incorporated November 2, 1903, with $4000 

 capital, to do a jobbing trade in rubber goods, with hospital 

 supplies a specialty. 



NEW YORK STOCK EXCHANGE TRANSACTIONS. 



United States Rubber Co. : 



DATES. 



Week ending Apr. 23 

 Week ending Apr. 30 

 Week ending May 7 

 Week ending May 14 

 Weekending May 21 



Common. 



Sales. 



8,750 

 '9,520 

 8,295 

 1,249 

 2.S70 



High. 

 15 



Low. 



12% 



16 

 I5& 



Preferred. 



RUBBER Goods Manufacturing Co. 



Preferred. 



Sales. 



100 

 100 

 420 

 IOO 

 100 



High. Lo 



76^ 



77 



77 



77 



76^ 



77 



76* 



77* 



77 



RECEIVERS FOR VICTOR RUBBER CO. 



Creditors of the Victor Rubber Co. (Springfield, Ohio), 

 having filed a petition in bankruptcy against that concern, 

 and asked for the appointment of a receiver, Judge Thomp- 

 son, in the United States district court, at Cincinnati, on 

 May 4, appointed as receivers Emery J. Smith, of Columbus, 

 and George W. Collett, of Springfield. No statement of the 

 company's financial status was issued, but it was understood 

 that the receivers would take charge of the factory (at Snyder- 

 ville, Ohio) as soon as possible, and at least complete the 

 finishing of goods in process of manufacture. Following the 

 petition against the Victor Rubber Co., a petition in bank- 

 ruptcy was filed against John S. Harshman, president of the 

 company, and its heaviest stockholder. Mr. Harshman has 

 been interested in various other local enterprises, with the 

 result of becoming heavily involved. Rending the proceed- 

 ings noted above, sixteen suits, for sums aggregating over 

 $110,000, were filed against the Victor company, or Mr. Harsh- 

 man, or both. Most of them were filed by banks, but three 



were on claims of crude rubber merchants.==The Victor Rub- 

 ber Tire Co. was incorporated in June 1895, to market the 

 " Victor " tire, patented by Theodore B. Blosser, and reorgan- 

 ized in March, 1898, with Harshman at its head. The com- 

 pany had several branches at which the tires made for them 

 were applied to wheels, but no goods were made by them until 

 1898, when a second company was incorporated, under the 

 name Victor Rubber Co., to make the tires required by the 

 former company, with the addition of some mechanical goods. 

 It was reported in The India Rubber World of April last 

 [page 248J that this business had been reorganized, George G. 

 G. Peckham, of Dayton, Ohio, succeeding to Mr. Harshman's 

 interest and official position, but for reasons not stated public- 

 ly Mr. Peckham and his associates soon withdrew, leaving the 

 former head of the business in control. 



RUBBER GOODS MANUFACTURING CO. 

 The directors of this company, at a meeting on May 30, de- 

 clared the twenty-first regular dividend of i3 4 ' per cent, on the 

 preferred shares, out of earnings, payable June 14, to share- 

 holders of record on June 3. Transfer books will be closed be- 

 tween the dates mentioned. 



REPUBLIC RUBBER CO. (YOUNGSTOWN, O. ) — BRANCHES. 



Mr. L. J. Lomasney, formerly of New York, and now vice 

 president and general manager of the Republic Rubber Co., re- 

 ports the opening by that company of a branch store in Chi- 

 cago, at No. 116 Lake street. This is one of the handsomest 

 rubber stores in Chicago. The tire department is in charge of 

 F. A. Hastings and the mechanical lines in charge of J. H. 

 Kelly. Also, a branch store has been opened in St. Louis, for 

 distributing and applying tires, under the management of 

 George M. Hoffman, who has an extensive and valuable ac- 

 quaintance with the trade. 



ADVANCE IN RUBBER SHOE PRICES. 



On June 1 the new discount rate of the United States Rubber 

 Co. goes into effect. That is, an extra 5 per cent, allowed on 

 orders received before that date has been withdrawn. The dis- 

 counts now are — 



First quality (except Woonsocket and Meyer) 25 @ 3 % 



Woonsocket and Meyer brands 25 @ 5 @ 3 £ 



Second quality (except Rhode Island) 25 @ \o<3} ■*,% 



Rhode Island brand . . . 25 @ 10 @ 5 @ 3 £ 



Colonial brand 45 £ 



Canadian rubber footwear lists were also subject to an extra 

 discount of 5 per cent, up to June 1, which is now withdrawn. 



GENERAL RUBBER CO. TO IMPORT RUBBER. 

 This company was incorporated March 24, 1904, under the 

 laws of New Jersey, with $2,000,000 capital authorized (of which 

 $1,000,000 is stated to have been paid in), to buy and sell, im- 

 port and export, India-rubber, Caucho, Gutta-percha, and other 

 like gums ; to acquire and develop rubber forests or planta- 

 tions; to deal in all kinds of merchandise incident to trading 

 in rubber and exploiting sources of rubber; and to engage in 

 the business of transportation as needed for carrying out the 

 general purposes of the company. The incorporators named 

 are Edward A. Day, Morristown, N. J. ; William D. Kellogg, 

 Elizabeth, N. J.; Jerome T. Congleton, Newark, N.J. The 

 registered office in New Jersey is at No. 765 Broad street, New- 

 ark, and the agent of the company therein is Edward A. Day. 

 The company has organized with Samuel P. Colt, president ; 

 Lester Leland, vice president ; John J. Watson, Jr., treasurer, 

 and an executive committee consisting of Messrs. Colt and Le- 

 land and E. C. Benedict. The stock of the company is owned 

 by the United States Rubber Co. and the general offices are lo- 

 cated in the same building with that company, No. 42 Broad- 

 way, New York. This company has been formed for carrying 



