THE INI>IA RUBBER WORLD 



[October 1, 1J>19. 



The balance sheet of the Ajax Rubber Co., Inc., June 30, 1919, 

 compared with that of 9118, follows: 



.Assets. 



1919. 1918. 



Cash • $761,365 $581,040 



Bills receivable 58,814 



Libert> bonds etc 2r34,923 183,023 



Account- and notii recinal.lL 4,877,150 4,979,223 



Defened assets 100,175 220,544 



Inventoru- 6,539,780 5.126,638 



Good will 1,874,875 1,874,874 



Investment iccoiint 2,573 13,647 



Plant, c.|iiipn,tnt cti. 2,223,184 2,510,457 



Total $16,614,026 $15,548,260 



I.I.\BILITIES. 



Capital stock $8,200,000 $7,100,000 



Accounts payable 1.697.721 1,267,989 



Notes and loans p.iyablc ; . . . 2,900,000 



Bills payable 4.015,000 



Reserves 1,285,894 862,822 



Surplus 2,530,411 2,302.449 



Total $16,614,026 $15,548,260 



The following comparative report is for six months ended 



June 30, 1919 : 



1919. 1918. Increase. Decrease. 



Net earnings $1,886,730 $1,959,608 $72,878 



Dividends 488,528 426,000 $63,528 



Surplus 1,398.202 1,533,608 135.4C6 



The following table shows the authorized capitalization of six 

 of the large rubber companies on January 1, 1918, present author- 

 ized capitalization and amount of increase : 



.Authorized 



Capital 

 Jan. 1, 1918. 



United States Rubber $120,000,000 



Goodrich 84,600,000 



Kelly-Springfield 13,900,300 



Firestone 15.000.000 



Fisk 39,500,000 



Ajax -7,100,000 



* Amount issued. Authorized capitalizatio 



jf $10,000,000 unchanged. 



RUBBER COMPANY SHARE QUOTATIONS. 



The following rubber stock quotations on September 22, 1919, 

 are furnished by John Burnham & Co., 41 South La Salle street, 

 Chicago, Illinois: 



ISid. Asked. 



Ajax Rubber Co., Inc 88 89 



Brunswick-Balke-Collendcr Co.. preferred 103 



du Pont de Nemours & Co., E. I., common 314 319 



Firestone Tire & Rubber, common 177 182 



Firestone Tire & Rubber, preferred 99'yi lOl'A 



Fisk Rubber Co., The, common 43'A 44,^ 



Fisk Rubber Co., The (new), 1st preferred 99 101 



Fisk Rubber Co., The, 2nd preferred 170 190 



Goodrich Co., The B. F.. common 77 78 



Goodrich C... The B. F., preferred !03'/S \04'A 



Goodyear Tire & Rubber Co., The, common 380 390 



Goodyear Tire & Rubber Co., The, 1st preferred lOSVi 108H 



Goodvear Tire & Rubber Co., The, 2nd preferred 107 109 



Portage Rubber Co.. The, common 144 148 



Kelly-Springfield Tire Co., 1st preferred 95 97 



Lee Tire & Rubber Co 29;,< 30'A 



Marathon Tire & Rubber Co 85 



Miller Rubber Co.. The, common 190 20O 



Miller Rubber Co.. The, preferred 103 106 



Rubber Products Co 138 143 



Poita^e Riihber Co., The. common 144 148 



Swinehart Tire & Rubber Co 90 95 



United States Rubber Co., common 112 113 



United States Rubber Co., preferred 116;^ 117}^ 



A FEW TIRE, AUTOMOBILE AND ROAD FACTS. 



It is estimated that there were 7,000,000 automobiles in the 

 world on January 1, 1919, and by actual count 6,146,677 of these, 

 or about 87 per cent were in the United States — enough, if 

 loaded to capacity, to give half the population of the country 

 a ride at one time. This means that of some 38,500,000 tires 

 now in constant use, about 34,000,000 are to be found in this 

 country. Each of these six million odd cars, when operated on 

 unimproved roads, costs twice as much for tire maintenance 

 as when operated on surfaced roads, and there are approxi- 

 mately eight times as many miles of unimproved as of improved 

 public roads in the United States. Of a total mileage of 2,457,334 

 only 296,290 miles are surfaced. The Department of Agricul- 

 ture anticipates that expenditures for road construction will 



reach $500,000,000 this year. Most states are planning continu- 

 ous systems of connecting highways, and Congress has made an 

 extra appropriation of $209,000,000 to meet the Federal part of 

 the program. All of which means that average tire mileage 

 is going to increase appreciably. Automobile men predict that 

 the first of next year will see more cars in America than there 

 were in the whole world the first of this year, so that the busi- 

 ness of tire manufacture must continue to grow in order to keep 

 pace with the increasing demand. 



TRADE NOTES. 



The -\tlantic Rubber Manufacturing Corp., sales agent for 

 Traun Rubber Co., 239 Fourth avenue, New York City, has 

 increased its capital stock from $15,000 to $300,000. 



The Traveler Rubber Co. of Bethlehem, U. S. A., 819 North 

 Broad street, Philadelphia, Pennsylvania, has awarded the con- 

 tract for its one-story plant, 91 by 333 feet, to be built in Lower 

 Saucon Township, near Bethlehein, Pennsylvania, at an estimated 

 cost of $180,000, including equipment. 



The Smith Chemical & Color Co., Inc., which was. formed 

 recently, will carry a general line of standard dry pigment colors, 

 chemicals and fillers for the rubber 

 trade. Casper Smith, whose portrait is 

 shown herewith, was formerly connected 

 with the Katzenbach & Bullock Co. as 

 western manager and more recently as 

 director of sales, is the president ef 

 the new company, and will personally 

 supervise its business policy. The office 

 of the new concern is located at ^5 

 Nassau street. New York City. 



The Beacon Tire Co., Beacon, New 

 York, will build an addition to its fac- 

 tor)- to meet the increasing demand for 

 its products. 

 The Plymouth Rubber Co., Canton, Massachusetts, has opened 

 an office in the Everett Building, 45 East 17th street, New York 

 City, in charge of E. J. Hooper. Mr. Hooper has been with 

 the company for the last twelve years. 



The Rebuilt Tire Co., Inc., 910-916 Second avenue. Long Island 

 City, New York (see New Incorporations, The India Rubber 

 World, September 1, 1919), will rebuild and retread tires and 

 make pulled reliners for the trade. Charles D. Nolan is presi- 

 dent; Charles F. Nolan, vice-president; E. L. Blessington, secre- 

 tary, and Erich Gollubier, treasurer. 



The Ailing Rubber Co., 1126 Main street, Bridgeport, Con- 

 necticut, is building an extension to its store, to cost about 

 $25,000. Its premises will be nearly 200 feet deep when the 

 work is completed, with fronts on both Main and Middle streets. 

 The Goodyear Cotton Mills, Inc., Killingly, Connecticut, are 

 completing the building now being erected for a restaurant for 

 employes. The structure is one story in height, 50 by 100 feet, 

 of brick, and will accommodate between 175 and 200 people on 

 the cafeteria plan, by which it will be operated. 



The Franklin Soapstone Products Corp., which was incor- 

 porated about four years ago to work the deposits of talc in 

 and around Danville and Saltville, Virginia, has recently com- 

 pleted its plant, and has a present capacity of 100 tons daily, 

 but when further machinery now on hand is installed will in- 

 crease its output to 150 tons per ten-hour day. The talc or 

 soapstone is of a soft, velvety texture, and there is some of a 

 blue, compact nature. The company proposes to pack its finer 

 quality in small cartons for dusting powders for the tire trade. 



"Crude Rubber and Compounding Ingredients" and "Rub- 

 ber Machinery," by Henry C. Pearson, should be in the library 

 of every progressive rubber man. 



Casper Smith. 



