1, 1920.] 



THE INDIA RUBBER WORLD 



305 



News of the American Rubber Trade. 



DIVIDENDS. THE FIRESTONE TIRE & RUBBER CO. STATEMENT 



THE Archer Cord Tire Sales Co., Louisville, Kentucky, has de- The annual report of the Firestone Tire & Rubber Co for 



dared a s.x per cent cash dividend and a ten per cent stock ,he fiscal year ended October 31, 1919, shows consistent growth 



dividend. Checks for the cash dividend, which is payable quar- ;„ ^0,^,^, of business and profits. The sales for the year were 



terly on stock of record December 20, 1919. were mailed Janu- $91,078,513, against ?75,801,S06 for the preceding year an in- 



ary 15, 1920, and will be mailed at corresponding times hereafter, crease of $15,277,006, or 20 per cent. The prol^ts for the year 



The stock dividend is payable to stock of record July IS after allowances for depreciation and deducting bad accounts! 



, The Brinisw.ck-Balkc-Collender Co., Chicago, Illinois, has de- ,vere $9,306,978, of which $2,597,787 was paid as dividends the 



Glared the first quarterly dividend for 1920 on the common stock, balance being placed to surplus subject to income and profits 



at one and three-quarters per cent, payable February 15 on stock tax accrued. It was announced at the annual meeting that an 



°^'"°''^/^''."'""\ ^; ^^-°- . . ^ „ . ^ . , ^^'" dividend of $2 per share would be paid to stockholders 



• The Electric Rubber Reclaiming Co., Barberton, Ohio, has of record December 15, and that it was hoped to put each quar- 



dedared and paid January 1, 1920, its regular quarterly dividend terly dividend on that basis 



i of one and three-quarters per cent on preferred stock. n„,-;„„ ,v, „ .v. u t ^ , i , 



-ri. u J T> ui r- A\,- . . Tir . .. i j During the year the capital stock of the companv was in- 



The Hood Rubber Co., vVatertown, Massachusetts, has de- „.„^-„,i r, ccirnnnunn . c-'nnnnnn j- j , ■ '^.^^^^ 



, , ., , ,.•-... . ., creased from $10,000,000 to $/j.OO0,0OO, divided into $10,000,000 



clared its regular quarterly dividend of one and three quarters ^f ^ „^, „ . r j , i tt^nrv^nnr^ <■ t \- . 



, , ,, , -, , , , , J , of 6 per cent preferred stock, $40,000,000 of 7 per cent preferred 



per cent, pavable rebruary 2 on preierred stock of record Jan- „4„,i j a-oc nnnnA/-v r . i ^^ , . 



P„ ' ' • ■' -nock and $2j,000,000 of common stock. Of the increased capital 



"''tI T !, T- <i J} ^^ r ^r A nu- u a ^ a *''"' authorized, $10,000,000 has been sold, approximatclv half 



The India Tire & Rubber Co., Mogadore, Ohio, has declared ^c ,> ^^ „,„„i„„.,, „f tu^ „„„ c- ^ , 



.,,■.,,£,, / ui T o imn °* " '° employes of the company. Firestone sales are now mov- 



a stock dividend of forty per cent, payable January 2, 1920. ;„,,.,» ti,« ,-oto „f ci?nnnnnnn j .u • i. 



T-. T.. „ c ■ c ij -r- r- \- ^r , r- i, j , j m? at the rate of $150,000,000 a year, and that IS the goa set for 



The Kelly-Springheld Tire Co., New \ork City, has declared ^^^^ present year 



the following dividends : regular quarterlv, $1 per share, and stock ^, , , , , ^ , 



dividends of three per cent on common 'stock, both payable Feb- ^^^ ''=''^"" '^^^^ ^' °^ ^'^°^" ^1. 1919, follows: 



ruary 2 on stock of record January 17 ; also quarterly dividend Assets. 



of $2 per share on eight per cent preferred stock, payable Feb- ^^"'^^'Ne't'MSnd bSok'''v"a1u^e ^""^ '"JU'Pment $18,820,214.82 



ruary 16 on stock of record February 2, 1920, Investments in miscellaneous stocks and bonds 895.804.50 



The Sterling Tire Corp., Rutherford, New Jersey, has de- "Hni^shcTInd in-process goods and materials 



clared the regular quarterly dividend at the rate of seven per Cash'' ^"''''''^* ^'I'l^'?"'^^ 



cent per annum, for the three months ended Decembr 31, 1919, United States Liberty Loan and Victory 



payable by check mailed January IS, 1920, to shareholders of Ac^oSnt\~aTd'''no\Is'''rlceiVabie ! ! .' ! ! ! ! ! .' ! ! .' ! IsiM^ie'n 



record December 31, 1919. „ . , . '■ — ' — — 



' Total current assets 44 818 897 ''5 



The Portage Rubber Co., Barberton, Ohio, has declared a divi- House and lot accounts receivable and unsold real estate of ■ • - 



. J f ... , t the Coventry L^ind and Improvement Co.... ^Rl?dno77 



dend of two per cent on its common stock. Due from employes on account of purchase of common capiVai ^>^'2'^<"" 



The Rochester Tire and Rubber Co., Buffalo, New York, has stock and sundry advances..... 5,004,811.38 



,,..,,' Stock purchases are secured by deposit of stock 



declared the regular semi-annual dividend of seven per cent on as collateral. 



outstanding preferred stock. This company has authorized a Expenditures applicable to future operations • 401,460.83 



change in its name to "The Powertown Tire Corporation." '^''"' $73,753,598.55 



The Standard Underground Cable Co., Pittsburgh, Pennsyl- Liabilities. 



vania, has declared the following dividends: quarterly, three per Preferred, 6%, cumulative capital stock $10 000 000 00 



cent ; extra, three per cent ; and special, three per cent ; all pay- Preferr^dl^t^lurratile^'c^apitTstock lo'ooo ooo'oo 



able January 10 on stock of record January 3, 1920. , Authorized issue $40,ooo,ooo. ' ' 



The United States Rubber Co., New York City, has dedared ■ '-°""" Auth^Hz^'d TsTuV fe'.ood.oob: 3,500,ooo.oo 



the following dividends: quarterly, two per cent, on common '^''^ZTs ^llft%t..c.s payable $5,812,691,06 



and preferred stock of record Januar\- IS, payable January 31; Accounts payable 3,336.517.81 



, , , ,r . , 1 j" -J J i_i T- L -Accrued salaries, wages, raxes, etc 1,639.869.56 



twelve and one-half per cent stock dividend, payable February Subscription to United States X'ictoiy Bonds 



19 on common stock of record February 19, 1920. —unmatured installments ." 238.70 0.00 



FINANCIAL NOTES. '^"'^'l '="■■■■«'>' liabilities 1 1 ,027,778.43 



At the regular quarterly meeting of the directors of The B. F. Mortgages and notes payable of the Coventry Land and Im- 



" • ^ provement Co 1 aqq 1 1 ■? oa 



Goodrich Co., held January 21, 1920, a dividend of 3!/! per cent Reserves: i.bvv.h-.uu 



was declared on the preferred stock, m per cent payable April f°J rnsura'ncriosse^"''.'^".''""': ::::;: .■.•;;;." *''i54;53o:49 



1, 1920, to the preferred stockholders of record at the dose ol ^^^^^ reserves '' 



business March 22, 1920, and 1J4 per cent payable July 1, 1920, Surplus 1. ........!!!!!.'!!.'.'!!!!!!! !'.!!!! •35!43o!538!80 



to preferred stockholders of record at the dose of business June Total $73 753 598 55 



21, 1920. An additional dividend of ^ per cent was declared ;;7~: . ^ , ■ ■ r , ,- 



, . , .,,....,,, Subject to provision for corporation income and profits tax accrued for 



on the common stock, which, with the dividend of 1 per cent the year ended October 31, 1919. 



declared at the meeting of October IS, 1919, makes a total divi- endo"er""Jn%r3wl8"5'3 ''o'/'notef and"" ,Sde''acccVan"c*er?e"cciv:bie,''di's! 



dend of I'A per cent payable on February 16, 1920, to the com- counted. 



mon stockholders of record at the close of business February The directorate elected by the stockholders is as follows: 

 5, 1920. A dividend of lyi per cent was also declared on the Harvey S. Firestone, A. C. Miller, L. E. Sisler, S. G. Carlshuflf, 

 common slock, payable on May 15, 1920, to the common stock- J C. Robertson, J. W. Thomas. Harvey S. Firestone, Jr., A. G. 

 holders of record at the close of business May 5, 1920. Partridge, C. A. Meyers and Thomas Clements. The officers re- 

 The directors voted, subject to the approval of the stock- elected are Harvey S. Firestone, president; A. C. Miller, vice- 

 holders at their ahnual meeting March 10, 1920, to retire 11,880 president and general counsel; S. G. Carlshufl!', secretary; J. G. 

 shares of the preferred stock prior to July 1, 1920, in accord- Robertson, treasurer. Three new vice-presidencies were created, 

 ance with the requirements of the Charter. as follows: A. G, Partridge, vice-president, in charge of sales; 



