102 



THE INDIA RUBBER WORLD 



[November 1, 1919. 



The Hodgman Rubber Co., whose factories are at Tuckahoe, 

 New York, is issuing $1,000,000 of 8 per cent convertible cumula- 

 tive preferred stock. The concern dates from 1838 and is tlie 

 oldest in the manufacture of rubber goods in the United States. 



The McGraw Tire & Rubber Go. has applied to be listed on 

 the Cleveland Stock Exchange. Its present capitalization is $840,- 

 000 of 7 per cent cumulative preferred stock and $1,950,050 of 

 common stock. This will be changed into an issue of 100,000 

 shares of common stock of no par value and $2,500,000 of pre- 

 ferred stock, with $5,000,000 authorized. This will be used to 

 withdraw the old preferred stock, the remainder for working 

 capital. Each holder of common stock will receive two' new 

 shares for each share of $50 par value. 



The McGraw Tire & Rubber Co. has been in existence ten 

 years, manufacturing cord and fabric automobile tires, truck 

 tires and inner tubes. The net sales, which were $746,000 in 

 1912, will be over $7,000,000 in 1919. It has paid 12 per cent 

 dividends on its common stock for the last three years. 



The Phoenix Rubber Co., Akron, Ohio, that was organized in 

 March, 1916, for the purpose of reclaiming rubber, is issuing 

 $200,000 of 7 per cent preferred stock of a par value of $100 a 

 share and $100,000 of common stock at $25 a share. Common 

 stock will be sold only to purchasers of preferred stock at the 

 rafe Of two shares of common stock for one of preferred. 



The proceeds of the new issue will go into new buildings and 

 equipment. One large three-story building planned will turn out 

 300 tires, 900 tubes, 20,000 pairs of soles, 20,000 pairs of heels, 

 and 20,000 of other rubber products a day. 



The Goodyear Tire & Rubber Co., Akron, Ohio, has sold $40,- 

 000,000 of a total authorized issue of $100,000,000 seven per cent 

 cumulative preferred stock to a group of Cleveland, New York 

 and Chicago bankers. The proceeds will be used to retire its 

 two outstanding issues of preferred stock. The new stock will 

 be offered for subscription at $100 a share and accrued dividends 

 and holders of present Goodyear stock, first and second preferred 

 and common will have the preference. 



REFINANCING PLANS OF STANDARD TIRE CO. 



The Standard Tire Co., Willoughby, Ohio, is paying a SO per 

 cent stock dividend out of surplus and selling $350,000 additional 

 stock to its present stockholders ; one-half of this is common 

 and the other half preferred. It is also increasing the common 

 from $350,000 to $1,000,000 and the preferred from $150,000 to 

 $500,000. 



About the first of the year R. J. Firestone, Tom A. Palmer, 

 and E. A. Tinsman associated themselves together, interested 

 Akron capital, and purchased the plant of the old Standard Tire 

 & Rubber Manufacturing Co. at Willoughby, Ohio. The refi- 

 nancing which has taken place is due to increased business re- 

 quiring additional funds to handle the growing demand for the 

 company's tires. In the last three months, the concern has more 

 than doubled its output and with the additional capital will now 

 be able to increase it materially. 



DIVIDENDS. 



The Advance Rubber Co., Brooklyn, New York, recently de- 

 clared its semi-annual divedend of four per cent, payable Sep- 

 tember 10 on stock of record June 30, 1919. 



The American Chicle Co., New York City, has declared a 

 dividend of one per cent, payable November 1 on stock of record 

 October 21, 1919. 



The American Zinc, Lead & Smelting Co., St. Louis, Missouri, 

 and New York City, has declared its quarterly dividend of $1.50 

 per share, payable November 1 on preferred stock of record 

 October 24, 1919. 



The Ames-Holden-McCready Co., Montreal, Quebec, has de- 

 clared its quarterly dividend of one and three-quarters per cent, 



payable October 1 on preferred stock of record September 19, 

 1919. 



The Brunswick-Balke-CoUender Co., Chicago, Illinois, has de- 

 clared its quarterly dividend of one and three-quarters per cent, 

 payable October 1 on preferred stock of record September 20, 

 1919. 



The Canadian Consolidated Rubber Co., Limited, Montreal, 

 Quebec, has declared its quarterly dividend of one and three- 

 quarters per cent, payable September 30 on preferred stock' of 

 record September 24, 1919. 



E. I. du Pont de Nemours & Co., Wilmington, Delaware, have 

 declared a dividend of one and one-half per cent, payable Oc- 

 tober 25 on its debenture stock of record October 10, 1919. 



The General Electric Co., Schenectady, New York, has declared 

 its quarterly dividend of two per cent, payable October 15 on 

 stock of record September 15, 1919 



The General Tire & Rubber Co., Akron, Ohio, has declared 

 its quarterly dividend of one and three-quarters per cent, pay- 

 able October 1 on preferred stock of record September 20, 1919. 

 The Goodyear Tire & Rubber Co., Akron, Ohio, has declared its 

 quarterly dividend of one and three-quarters per cent, payable 

 October 1 on first preferred stock of reco^rd September 15, 1919. 



The Hawkeye Tire & Rubber Co., Des Moines, Iowa, has de- 

 clared a dividend of eight per cent, payable October 15 on stock 

 of record October 1, 1919. 



The Hood Rubber Co., Watertown, Massachusetts, has declared 

 its forty-seventh consecutive quarterly dividend of one and 

 three-quarters per cent, payable November 1 on preferred stock 

 of record October 21, 1919. 



The Kelly-Springfield Tire Co., New York City, has declared 

 the following quarterly dividends: cash, $1 per share, and stock 

 dividend of three per cent, payable November 1 on common 

 stock of record October 18; an initial dividend of $2 per share, 

 payable November 15 on eight per cent preferred stock of record 

 November 1, 1919. 



The Keystone Tire & Rubber Co., New York City, has de- 

 clared its quarterly dividend of three per cent, payable October 

 1 on stock of record September 19, 1919. 



The National Anihne & Chemical Co., New York City, has de- 

 clared its quarterly dividend of one and three-quarters per cent, 

 payable October 1 on preferred stock of record September 15, 

 1919. 



The New Jersey Zinc Co., New York City, has declared a 

 quarterly dividend of four per cent, payable November 10 on 

 stock of record October 31, 1919. 



The Owen Tire & Rubber Co., Cleveland, Ohio, has started 

 payment of accrued dividends on preferred stock, checks being 

 sent to stockholders who have paid for stock bought during 

 the last quarter of 1917 and the first quarter of 1918. In De-:em- 

 ber the company expects to pay accrued dividends on stock bought 

 and paid for during the second and third quarters of 1918, and 

 will continue this policy until all accrued dividends on preferred 

 stock shall have been paid. 



The Portage Rubber Co., Akron and Barberton, Ohio, has de- 

 clared its regular quarterly dividend of three per cent, payable 

 November 15 on common stock of record November 5, 1919. 



The Tyer Rubber Co., Andover, Massachusetts, declared its 

 regular quarterly dividend of $1.50 per share, payable October 

 15, 1919, on common stock. 



The United States Rubber Co., New York City, has declared 

 its quarterly dividend of two per cent on its first preferred stock 

 and a dividend of two per cent on common stock, both payable 

 October 31 on stock of record October IS, 1919. The common 

 stock dividend is the first since the interruption by the war and 

 is accompanied by the declaration that it is the intention of the 

 company now to place its common stock on a regular eight per 

 cent basis. 



