276 



THE INDIA RUBBER WORLD 



[May I, 1908. 



UNITED STATES RtTBBER CO.'S ISSUES. 



Transactions on the Xcw York Stock Exchange for five weeks, 

 ending April 25 : 



Common Stock. 



Week March 28 Sales 5,550 shares High 23^ Low 2i>^ 



Week April 24 Sales 750 shares High 22^ Low 21 



Week April 11 Sales 2,070 shares High 20^ Low iSYz 



Week April 18 Sales 1,045 shares High 20^4 Low ig"/^ 



Week April 25 Sales 3,060 shares High 21% Low 19^ 



For the year — Migh. 26. Jan. 14: Low, 17^/2, Feb. 26. 

 Last year — High, s~'A'> Low, 1354. 



First Preferred Stock. 



Week March 28 Sales 1,700 shares High 86 Low 84 



Week April 4 Sales 2,000 shares High 85 Low 81 



Week April 18 Sales 1,310 shares High 84^^^ Low 82}^ 



Week April 11 Sales 8,960 shares High 85 Low 80 



Week April 25 Sales 1,081 shares High 831/2 Low 81^ 



For the year — High, 8S'/5, Jan. 9: Low, f6. Feb. ig. 

 Last year — High, loyjs; Low, 61^4. 



Second Preferred Stock. 



Week March 28 Sales . . . shares High . . Low 



Week April 4 Sales 500 shares High 54 Low 50 



Week April 11 Sales 1,245 shares High 50 Low 49 



Week April 18 Sales 500 shares High . . Low 50 



Week April 25 Sales . . . shares High . . Low . . 



For the year — High, 6i'/4, Jan. 23; Low, 42, Feb. 21. 

 Last year — High, 78's; Lew, 39. 



HOOD RUBBER CO. STATEMENT. 



The Hood Rubber Co. (Boston) have filed with the Massa- 

 chusetts State authorities, as required by law, a statement of 

 their condition as of February i, 1908, as compared with one 

 year previous : 



ASSETS. 



I90S. 1907. 



Plant $61 4,000 $600,000 



Merchandise and materials 1.509, 131 1,544,303 



Cash and debts receivable 1,118,183 744.040 



Total $3,242,115 $2,888,343 



LI^BILITIES. 



Cspital stock $1,219,500 $1,000,000 



Floating debt 880,000 960,000 



Surplus 962,115 9-8,343 



Preferred stock not fully paid 180,50c 



Total $3.24-Mi5 $2,888,343 



THE G. & J. TIRE CO. LOSE ON APPEAL. 



The tire patent decision in the case of The Gormully & Jeffery 

 Tire Co. z: The Pennsylvania Rubber Co., rendered at Pittsburgh 

 on September 9, 1907, by Judge Joseph Buflington, in the United 

 States circuit court for the western district of Pennsylvania. 

 failed to sustain the assertion of the plaintiff that the patents 

 upon which the suit was based had been infringed. [See The 

 India Rubber World, October i, 1907 — page 23.] This decision 

 was appealed from to the United States circuit court otf appeals 

 for the third circuit, in which the decision of the lower court has 

 been affirmed. The opinion was written by Judge James B. Hol- 

 land, of Philadelphia, and filed in the office of the appellate court 

 clerk in that city early in April. 



The original suit was based upon four patents, granted at 

 different times to Thomas B. Jeffery. The burden of the Penn- 

 sylvania Rubber Co.'s defense was that of non infringement, 

 though they admitted that their tire was similar to that described 

 in the patent of William Golding, No. 493,160, dated March 7, 

 1893, which was also the property of The G. & J. Tire Co., but 

 which expired and became public property before the defendants 

 began the production of such tires. The Golding invention was 

 patented both in Great Britain and the United States, the first 

 application having been made in the former country. The L'nited 

 States patent, therefore, under the statute then in force, expired 

 simultaneously with the British patent, instead of running for 

 17 years, which would have made the date of expiration March 

 7, 1910. 



Judge Holland, in his opinion, quotes at length from the for- 

 mer decision by Judge Buffington, to the effect that the JelTery 

 patents had not been infringed. The point is made that the 



tires produced by The G. & J. Tire Co. diiTer from the specifica- 

 tions in the chief Jeifery patent, and that the imitation of such 

 tires does not constitute infringement of the patent. Both parties 

 to the suit, however, have used the attaching device described in 

 the Golding patent, already referred to as having become pubhc 

 property, so that such use at a later day by the Pennsylvania 

 Rubber Co. is not infringement. 



It is understood that the G. & J. Tire Co. do not accept the 

 latest decision as final, though it has not been decided what 

 will be their next move in the matter. The company hold, it is 

 understood, that Judge Holland's decision rests upon a wrong 

 conception of the scope of the Golding patent. 



PERSONAL MENTION. 



A RECENT visitor to this country was Herr Wilhelm Sierckc, 

 a director in the important German rubber manufacturing 

 concern — the Hannoversche Gummikamm Co., Actiengesells- 

 chaft. This was Herr Siercke's first visit to the United States 

 and from his expressions of appreciation of things American 

 it is not likely to be his last. 



Recent reports from Iilontreal state that Mr. D. Lome 

 McGibbon, president of the Canadian Consolidated Rubber 

 Co., Limited, whose health was reported recently in these 

 columns to have become impaired, has already experienced 

 favorable results from his sojourn in the Adirondacks. 



Mr. W. H. Lockwood, at one time treasurer of the David- 

 son Rubber Co. (Boston), has purchased a farm near Millis, 

 Massachusetts, some 10 miles out of Boston, and will devote 

 himself to agricultural pursuits. 



Mr. Robert J. Stokes, superintendent of the Trenton Rubber 

 Manufacturing Co. (Trenton, New Jersej')- w-as married on 

 April 23 to Miss V. Dickson, daughter of the late Judge 

 Dickson, of Jersey City. 



Only favorable reports have been current of late regarding the 

 health of Colonel Samuel P. Colt, who for some time was taking 

 a rest at Palm Beach, Florida. He w-as able to attend meetings 

 of the directors and executive committee of the United States 

 Rubber Co. on April 2, in which he took an active part. 



Mr. B. G. Work, president of The B. F. Goodrich Co. (Akron, 

 Ohio), sailed for Europe on April 9, to be gone some six weeks, 

 his itinerary covering Germany, France, Italy, and England. 



:\Ir. Charles A. Daniel, of the Quaker City Rubber Co. (Phil- 

 adelphia), is making a short visit to Europe. 



Mr. George E. Austin, of the Imperial Rubber Co. (New 

 York), lately returned from a three months absence in Europe. 



Mr. Enimett A. Saunders, president of the Mishawaka 

 Woolen ^Manufacturing Co. (Mishawaka, Indiana), has re- 

 cently been touring in Europe. 



A recent visitor at the offices of The India Rubber World 

 was Mr. \\"illiam H. Miner, nephew of S. H. C. Miner, and 

 manager of tlie Granby Rubber Co. (Granbj', Quebec). Mr. 

 Miner has been ten years in the rubber shoe business, working 

 up through every department, and is accounted one of the 

 best equipped and most thorough rubber shoe men in the 

 Dominion. 



Mr. Hr D. Warren, of The Gutta Percha and Rubber Manu- 

 facturing Co. of Toronto, Limited, has been in Europe for 

 the past two or three months. 



C. M. Tucker, general sales agent of the rubber boot depart- 

 ment of William H. Walker, at Buffalo, New Y"ork, a well known 

 traveling man for more than 20 years, died suddenly while visit- 

 ing his wife in a hospital in Bradford, Pennsylvania. 



Mr. F. C. Hood, treasurer of the Hood Rubber Co. (Boston), 

 sailed for Europe on the Cymric on .\pril 22, to be gone about 

 two months. ,■ I 



The Bracilian l^ticw of March 24 .s'aid : "It is possible and 

 indeed likely that the curtailment of prices may bring about a 

 shortage of production on the .\mazon next year, but this year 

 the rubber is gathered and has to be paid for, for which reason it 

 must be sold, whatever it may fetch." 



