April i, iQo8.] 



THE INDIA RUBBER WORLD. 



239 



AFFAIRS OF THE ELECTHICAL COMPANIES. 



The report of the Western Electric Co. (Chicago) for the 

 jcar ended November 30, 1907, shows net earnings on sales of 

 $1,217,000. Dividends of 8 per cent., amonnting to $i,200,oco 

 were declared. Sales for the fiscal year amounted to $52,724,168, 

 compared with $69,245,332 for the previous year, a decrease of 

 23.9 per cent. The financial condition of the company has been 

 well cared for, and at the end of the year the book value of 

 capital shares figured out at $225.21. 



The report of the General Electric Co. for the year ended 

 January 31, 1908, to be issued in May, will show it is reported, 

 gross orders billed to customers of approximately $70,000,000, 

 and net earnings for dividends on the $65,167,100 capital of 

 about $9,800,000, or 15 per cent. The share earnings in the pre- 

 vious fiscal year were $8,427,842, equal to 13.2 per cent, on the 

 $63,572,800 stock outstanding at the end of that year. The conv 

 pany have adopted a policy of reducing prices on electrical ap- 

 paratus, as the surest way of maintaining their position in the 

 electrical field. 



UNITED STATES RUBBER CO.'S ISSUES. 



Tr.^ns.^ctions on the New York Stock Exchange for four 

 weeks, ending March 21 : 



Common Stock. 

 Week Feb. 29 Sales 1.455 shares High ig^i Low i7!/2 

 Week March 7 Sales 475 shares High 19^ Low 18 

 Week March 14 Sales 2.900 shares High 21^ Low 19?^ 

 Week March 21 Sales 9,900 shares High 22 Low igj^ 



For the year — High, 26. Jan. 14: T.ow, i-J^, Feb. 26. 

 Last year — High. 52V2: Tx)W, ijj^. 



First PREFFEREn Stock. 



Week Feb. 29 Sales 1,720 shares High 791/2 Low 77^ 



Week Marcli 7 Sales 1,591 shares High 78^ Low 77 



Week March 14 Sales 1,000 shares High 85 Low 78^ 



Week March Ji Sales 1.210 shares High 85 Low 83 



For the year — High, S8'A, Jan. 9; Low, 76, Feb. 19. 

 Last year — High, 109^; Ixiw, 61 !4. 



Second PREFERREti Stock. 



Week Feb. 29 Sales 135 shares High 45 Low 45 



Week March 7 Sales 125 shares High 45 Low 45 



Week March 14 Sales 655 shares High 56 Low 50 



Week March 21 Sales . . . shares High . . Low . . 



For the year— High, 6\<A. Jan. 23: Low, 42, Feb. 21. 

 Last year — High, 78H; Low, 39. 



NEW INCORPORATIONS. 



Fr.\nk W. Whitcher Co.. January 16, 1908. under the laws of 

 Massachusetts; capital authorized, $250,000. The directors are 

 Frank W. Whitcher, Frederick R. La Gallee, Stephen R. Nichols, 

 and Sanford Crandon, Jr., all of No. 14 .\lbany street, Boston, 

 and William M. Harriman, of Chicago. This corporation ac- 

 quires the shoe findings business founded in Boston in 1826 by 

 John Tillson and continued under various names, and since 

 1893 as Frank W. Whitcher & Co. There is really no change 

 in management involved. The house of Whitcher lias taken im- 

 portant rank in its rubber heel business. 



Monroe Rubber and Metal Co., January 22, 1908. under the 

 laws of New York state; capital, $7,000. To deal in rubber and 

 other waste, at Rochester, X. Y. Incorporators: .\braham E. 

 Hork, Morris Rosenblum and Wolf Miller. 



The Hudson Rubber and Tire Co., March 2, 1908, under the 

 laws of New Jersev ; capital authorized. $ico.ooo. The object is 

 to manufacture rubber tires. Richard Shippen is president; 

 August H. Petersen, vice-president, and Edward Shippen IL, 

 secretary and treasurer, and the head offices at No. 1121 

 Clinton street. Hoboken, N. J. 



Leakless Motor Tube Co., February 19. 1908, under the laws 

 of New York; capital, $60,000. To make a compound for seal- 

 ing tire punctures. Incorporators: Edmund S. Hopkins (No. 17 

 Battery place), S. K. .-Mbright, and C. H. Bennett, all of New 

 York city. 



White .\uto Tire and Rubber Co., February 4, 1908, under the 

 laws of Illinois; capital, $50,000. Incorporators: E. P. White, 

 C. C. Bartlett, and William W. Smith, represented by Morrison, 



Rost & Smith, attorneys, of No. 22 Fifth avenue, Chicago. Mr. 

 Smith is at present secretary and treasurer of the corporation. 



General Tire Repair Co., March 13, 1908. under the laws of 

 New York state; capital, $2,000. Incorporators: Charles W. 

 Rehermann, Joseph W. Rehermann, and John F. Rehermann, all 

 of No. 220 West Forty-eighth street. New York. 



THE RUBBER FACTORY AT BATAVIA. 



The Sweet Tire and Ruliber Co. (Batavia. New York) are 

 now making a general line of mechanical goods and mold work, 

 in addition to their regular output of automobile tires and inner 

 tubes. They are making wrappea tread tires, called the "Batavia 



Pl.\nt of THE Sweet Tire and Rubber Co. 

 clincher," as well as a bevel edged tire protector. One of their 

 specialties is the "Genesee" red sheet packing. The management 

 is in the hands of Mr. George E. Perrine, who is secretary and 

 treasurer of the company. 



TRADE NEWS NOTES. 



The directors of the I'.oston Woven Hose and Rubber Co. 

 have declared a semi annual dividend of $4 per share on the 

 common stock, payable March 16, 1908. to holders of record 

 March 5. 



The Tremont Rubber Co., of No. 218 Congress street, Boston, 

 who have been engaged hitherto in handling rubber footwear, 

 have organized a department for the sale of mackintoshes, rain- 

 coats, and oiled clothing. 



Morgan & Wright I Detroit. Michigan) have added to their line 

 a corrugated motorcycle tire of the detachable double clincher 

 type, with a casing formed to fit the rim, instead of being flat, 

 as is usual. The inner tube is made of several instead of one 

 ply of rubber. 



Jacob Pollikoflf, a dealer in scrap rubber at No. 18 First ave- 

 nue, New Y'ork, since December, 1904, had filed a petition in 

 bankruptcy, with liabilities $6,818 and nominal assets $2,900. 



The directors of the Corn Products Refining Co. on March 17 

 declared the regular quarterly dividend of i per cent, on the 

 preferred stock and an extra dividend of i per cent., instead of 

 3, making 5 per cent, instead of 7 per cent., as usual, for the 

 fiscal year. The dividend is 7 per cent, cumulative. This is 

 stated to be due in part to the unexpected outlay made necessary 

 by the new food laws, which item amounted upward of $500,000. 



The directors of the General Electric Co. have declared their 

 regular quarterly dividend of 2 per cent., payable on April 15- 



S. B. Thing & Co., of New York, who handle the Hood brands 

 of rubber, are referred to as having made an addition of 347 new 

 accounts to their books during the season now closing. 



The Diamond Rubber Co.'s branch at Pittsburgh, Pennsyl- 

 vania, has been removed from No. 16 Wood street to a new 

 store, designed especially for their use, at No. 6122 Centre street. 



The Haves Rubber Co.. of No. 57 Warren street, New York, 

 is a new company formed to handle tires and automobile acces- 

 sories. It is headed by Frank P. Hayes, who has been active in 

 the rubber tire trade in New York for several years. 



