September i, 1908.] 



THE INDIA RUBBER WORLD 



415 



News of the American Rubber Trade. 



SHARES OF RUBBER GOODS COMPANY. 



THE governing committee of tlie New York Stock Exchange 

 on July 29 directed the admission to the hst of 34,139 

 shares of the 7 per cent, cumulative preferred stock of 

 the Rubber Goods ^Manufacturing Co., of the par value of $3,413,- 

 900. Originally all the shares of the Rubber Goods company 

 were admitted to the "unlisted'' department of the Stock E.x- 

 change. From time to time such shares of the Rubber Goods 

 company as were acquired by the United States Rubber Co. — 

 the merger of the two companies dates from 1905 — ceased to be 

 traded in on the Stock Exchange, until there remained only 

 34,139 shares of preferred stock, the quantity above referred to. 

 These have now been transferred from the "unlisted" to the 

 "listed" department of the Stock Exchange. From the above 

 it may be inferred that the share capital of the Rubber Goods 

 Manufacturing Co. has been acquired as follows : 



Total. .'\cquired. 



Preferred stock $10,351,400 $6,937,500 



Common stock 16,941,700 16,941,700 



Total $27,293,100 $23,870,200 



The directors of the Rubber Goods Manufacturing Co., at a 

 meeting held on July 16, 1908, in connection with listing 

 their shares on the Stock Exchange, "Resolved, that this com- 

 pany shall not speculate in its own securities or in those of its 

 constituent companies, or permit similar speculations by any of 

 its constituent companies." 



It is understood that application has been made for listing the 

 securities of the United States Rubber Co. upon the Paris 

 bourse. This, it is said, will be the first instance of American 

 industrial shares being traded in on the French market under 

 like conditions. While no authorized statement has been made 

 public it is gossip in financial circles that the opening of con- 

 tinental markets to those securities is expected to lead to the 

 transfer of $10,000,000 or more of them to Europe. 

 * * * 



The refunding of the debenture bonds of the Boston Rubber 

 Shoe Co., due on August i, was carried out as intimated in the 

 last annual report of the United States Rubber Co. [See The 

 Indi.\ Rubber World, June i, 1908 — page 299]. Of the $4,500,000 

 in bonds of the new issue underwritten bv the bankers it is 



imderstood that all except about $3,500,000 were taken by hold- 

 ers of the old bonds. 



PARKER, STEARNS & CO.S NEW FACTORY. 



The nevk- factory of Parker, Stearns & Co. (New York), in Brook- 

 lyn, in which they expect to be installed early in November, is one 

 of the completest and best equipped rubber goods plants yet pro- 

 jected. It is a four-story brick building with a light, spacious 

 basement, ig6 feet long by no feet in its extreme width. It is 

 of the latest mill construction throughout. It has for water sup- 

 ply a huge cistern fed by an artesian well, the water being of 

 exceptional puritj'. Besides this cistern there are two roof tanks, 

 holding some 16,000 gallons, and another one building for some 

 10,000 gallons more. There is also city water, if it is needed. 

 The factory has its own electric lighting plant, is sprinkled 

 throughout and equipped with electric elevators and electric 

 motors for the small machines. The power equipment consists 

 of two 150 H.P. boilers, and another 200 h.p. boiler is being in- 

 stalled. The engines are one 100 h.p., one 125 h.p., and one 200 

 h.p. Corliss, with foundation for another of 200 h.p. The plant 

 is located in a part of Brooklyn where the very best of help may 

 be secured; it is convenient to the Long Island Railroad, and is 

 easily reached by the Brooklyn Elevated trains. 



The business of the firm, now established nearly thirty years, 

 has outgrown the premises so long occupied in South and Water 

 streets, in the borough of Manhattan, New York, and which 

 eventually will be vacated altogether. 



JENKINS RUBBER CO.— FIRE. 



The main building of the Jenkins Rubber Co.'s factory, at 

 Elizabeth, New Jersey, was destroyed 'by fire early in the 

 morning of August 6. The offices of the company and an ad- 

 joining building in which was stored $50,000 of rubber, were 

 saved. The engine house was also saved in part, but the ma- 

 chinery was badly warped by the heat. It is not clear how the 

 fire originated. The insurance carried amounted to $116,000, 

 which, it is understood, will cover the loss. The company 

 will at once rebuild, on the same site, with twice the former 

 capacity. 



The business of this company grew out of the Tuttle Rubber 

 Works (Holyoke. Massachusetts), the whole output of which 

 was taken by Jenkins Brothers, an extensive packing firm of New 



^SBIRJW*:!.,^^^ 



New Rubber F.\ctory of Parker, Ste.-\rns & Co., New York. 



