362 



THE INDIA RUBBER WORLD 



[April 1, 1916. 



News of the American Rubber Trade. 



ANNUAL STATEMENT OF THE HOOD RUBBER CO. 



THE annual statement, recently issued, shows the condition of 

 the company on December 31, 1915. The important items 

 are given in the condensed balance sheet shown below: 



CONDENSED BALANCE SHEET. 



December 31, 1915. 



Plant (real estate, machinery, etc.) $2,425,000.00 



Merchandise l'?fi'li^-^2 



Accounts receivable 7«'ui os 



Investments in other corporations '^''?99'55 



Patents 1,000.00 



$7,354,850.27 



LIABILITIES. 



Capital Stock— Common $2,000,000.00 



—Preferred 2,500,000.00 



$4,500,000.00 



Notes payable 1,580,000.00 



Surplufr. !..... 1.274,850.27 



$7,354,850.27 

 Merchandise in process of importation and letters of credit in 

 connection therewith are not included in the foregoing statement. 



MIDGLEY COMPANY CHANGES NAME AND ENLARGES CAPITAL. 



.\t a special meeting of the stockholders held recently, the name 

 of the Midgley Tire & Rubber Co., of Lancaster, Ohio, was 

 changed to the Lancaster Tire & Rubber Co. The capital stock 

 was increased from $550,000 to $850,000, the increase being 7 per 

 cent, cumulative stock. 



The new directors are : 



F. A. :\Iiller, Columbus, Ohio, general manager of the H. C. 

 Godman Shoe Co. 



H. B. Peters, Lancaster, Ohio, president of the Fairfield Na- 

 tional Bank. 



C. S. Hutchinson, Lancaster, Ohio, assistant secretary of the 

 H. C. Godman Shoe Co. and vice-president of the Lancaster Na- 

 tional Bank. 



Harry Davis, Pittsburgh, Pennsylvania, president of the Harry 

 Davis Enterprises. 



E. E. Lerch, Columbus, Ohio, secretary of the H. C. Godman 

 Shoe Co. 



H. V. Blaxter, Pittsburgh, Pennsylvania, of Lazier & Blaxter, 

 attorneys at law. 



J. T. Rose, Lancaster, Ohio, president of the Lancaster Tire & 

 Rubber Co. 



The officers of the company are : 



J. T. Rose, president. 



C. S. Hutchinson, vice-president. 



G. A. Stephenson, secretary and treasurer. 

 Walter H. Hermann, factory manager. 

 T. B. Davies, manager of sales. 



Orders for additional equipment for the making of full molded 

 tires have been placed; presses have been purchased, and within 

 the next 60 days the company will be producing, in addition to its 

 present product, wrapped wire tread and plain tread tires, full 

 molded plain and non-skid tires and a complete line of inner 

 tubes. 



CANADIAN CONSOLIDATED RUBBER CO. ACTIVITIES. 



During the past month a shipment of 1.000 hot water bottles 

 was sent by the Canadian Consolidated Rubber Co., Montreal, 

 Canada, to the Queen's secretary at Buckingham Palace, London, 

 England, for distribution through the military hospitals of Eng- 

 land. These bottles were provided from the proceeds of a special 

 fund instituted through the efforts of Mrs. L. Mitchell-Henry, of 

 Montreal, and funds for further shipments are being collected. 

 This company has reopened and remodeled the factory of the 

 Granby Rubber Co., Granby, Quebec, for the manufacture of a 



general line of rubber footwear. C. K. Hutchinson is factory 

 manager. 



GOODRICH ANNUAL MEETING. 



-At the annual meeting of stockholders of The B. F. Good- 

 rich Co., held at the company's office in New York City on 

 March 8, the following five directors whose term expired 

 this year were re-elected for a period of three years: C. C. 

 Goodrich, F. H. Mason, W. A. Means, A. H. Noah and Guy 

 E. Norwood. Provision was made for four additional di- 

 rectors, increasing the board membership from 14 to 18. The 

 following directors were elected to fill the new places on 

 the board, also the vacancy caused by the resignation of 

 A. H. Wiggin: W. O. Rutherford, A. B. Jones, Dr. W. C. 

 Geer, H. E. Joy, H. K. Raymond. The directors also re- 

 elected the old officers. 



The stockholders in a special meeting authorized the re- 

 duction of the authorized preferred capital stock from $28,- 

 000,000 to $27,300,000. 



The quarterly dividend of 1 per cent on the common stock 

 was declared, payable May 15 to stockholders of record 

 May 4. 



RUBBER COMPANY DIVIDENDS. 



The Boston Woven Hose & Rubber Co. paid the regular 

 dviidend of 3 per cent on March 15 to stockholders of record 

 March 6. 



The usual quarterly dividend of 134 per cent on the pre- 

 ferred stock of the Republic Rubber Co. was paid March 1. 



The Rubber Goods Manufacturing Co. paid the regular 

 quarterly dividend of Ifj per cent on its preferred stock 

 March 15 to stockholders of record March 10. 



A quarterly dividend of l^^ per cent on the preferred stock 

 of the Plymouth Rubber Co. was. paid March 1. 



A quarterly dividend of 1^ per cent on the 6 per cent pre- 

 ferred stock of the Kelly-Springfield Tire Co. has been de- 

 clared, payable April 1, to stockholders of record March 18. 



The Goodyear Tire & Rubber Co. has declared a quarterly 

 dividend of 154 per cent on its preferred stock, payable 

 April 1. 



The regular quarterly dividend of the Boston Belting Co., 

 $2 a share, will be paid on April 1. 



The Firestone Tire & Rubber Co. has declared a quarterly 

 dividend of Ifi per cent on preferred and 5 per cent on com- 

 mon stock, both payable April 15 to stockholders of record 

 April 1. 



RUBBER COMPANY SHARE QUOTATIONS, 



The following market quotations of shares of rubber manu- 

 facturing companies on March 25 are furnished by John Burn- 

 ham & Co., 115 Broadway, New York City, and 40 South La 

 Salle street, Chicago, Illinois : 



„ , „ Bid. Asked. 



Ajax Rubber Co. (new) 68'A 70'A 



Firestone Tire & Rubber Co., common 745 755 



Firestone Tire & Rubber Co., preferred 113 



The B. F. Goodrich Co., common 72}.^ 73 J4 



The B. F. Goodrich Co., preferred 114 116 



Goodyear Tire & Rubber Co., common 340 345 



Goodyear Tire & Rubber Co., preferred 112 116 



Kelly-Springfield Tire Co., common 74!4 75 V4 



Kelly-Spriugfield Tire Co.. common (new) 



Kelly-Springfield Tire Co. first preferred 96 98 



Kellv-Springfield Tire Co., second preferred 



Miller Rubber Co., common 234 240 



Miller Rubber Co., preferred 112 116 



Portage Rubber Co., common 70 "2 



Portage Rubber Co., preferred 106 107 



Rubber Goods Manufacturing Co., preferred 



Swinehart Tire & Rubber Co 88 90 



United States Rubber Co., common 52'4 52)4 



United States Rubber Cc, preferred 109 111 



