THE INDIA RUBBER WORLD 



489 



News of the American Rubber Trade. 



JOHN ACKEN. 



0X1'- of the pioneer concerns in the rubber business is the Xew 

 York Rubber Co.. which had its lieginning back in 1858. 

 At that time William H. Acken and John P. Rider came together 

 and built up the company that has, for half a century, been 

 acknowledged as one of the most stalile, conservative and reliable 

 of all of those which make ruliber goods. 



The senior Acken 

 was president for 

 many years and was 

 succeeded, in time, 

 by his son, Jolm 

 Acken. The pres- 

 ent head of the com 

 pany, like his fatlitr, 

 is averse to pulilic- 

 ity and is quite ciii- 

 tent to go his wa\ 

 unheralded as lonu 

 as his business pros- 

 pers and he lives ni> 

 to the family tradi- 

 tions. 



Mr. .-Xcken is a 

 resident of Nyack, 

 Xew York, where as 

 an evidence of pub- 

 lic spirit he is a 

 member of the Ny- 

 ack Business Men's 

 Association and the 

 Xyack Country Club. Fond of out-door sports, he was formerly 

 an enthusiastic tennis player, but today confesses to being less 

 keen for such strenuous exercise 



The object of this brief note is to add our congratulations to 

 those of his employes, tendered May 2, upon the occasion of his 

 fiftieth birthday. 



BtrSIITESS CONSOLIDATION. 



H. A. Astlett & Co., crude rubber importers and dealers, 117 

 Pearl street. New York City, have admitted to partnership F. H. 

 Peaty and F. H. Sanford. Mr. Peaty has for many years been 

 prominently identified with rubber interests in New York, and 

 in 1906 with Samuel Kubie formed the Raw Products Co., with 

 which house he was connected until 1913, when he sold his inter- 

 est on account of poor health. Late in 1914 Mr. Peaty opened 

 an office at 38 Vesey street. New Y'ork City, which he discontin- 

 ued to form his present connection. Mr. Sanford was with the 

 South American house of George A. Alden for 20 years. 



H. A. Astlett & Co. took over the business of Shipton Green 

 and have extensive foreign connections. In addition to its large 

 rubber interests, this house is the export agent for the sale of 

 Waltham watches and several other well known and standard 

 American products. 



One hundred and fifty cases of rubber which formed part 

 of the cargo of the "Sandefjord" when that ship was seized by a 

 British cruiser and brought into Halifax in November, 1914, 

 were last month condemned for seizure by Justice Drysdale of 

 the admiralty court. The "Sandefjord" was on her way from 

 New York to Copenhagen and was allowed to proceed after this 

 shipment of rubber was removed. Justice Drysdale held that 

 whereas the rubber was shipped t)y one neutral to another, an 

 enemy designation was intended. He also held that a description 

 of the article as "gum" was deceptive, further justifying the 

 seizure. 



HUBBER CLUB 1916 OUTING. 



The annual outing of The Rubber Club of .America, Inc., will 

 be held July 18, at the Vesper Country Club, near Lowell, Massa- 

 chusetts, the same place as last year's outing. The committees 

 are making extensive plans for the occasion. Probably the same 

 arrangements will be made for special trains from Boston to the 

 Club grounds and return. Special parties are being made up in 

 Akron, Trenton and New York, and if a sufficient number can be 

 secured from each of these points a special train will be run land- 

 ing the members directly at the Vesper Country Club on the 

 morning of the outing. The committee having the details in 

 charge is as follows: P. E. Young (chairman), Acushnet 

 Process Co., New Bedford, Massachusetts ; Robert L. Rice, Hood 

 Rubber Co., Boston, Massachusetts; F. H. Appleton, Jr., F. H. 

 -Appleton & Son, Inc., Boston, Massachusetts. 



THE PHEPAREDNESS PLAN. 



Five hundred and twenty-one men connected with the rubber 

 trade in different parts of the country have been nominated as 

 members of the District Preparedness Committees planned by 

 The Rubber Club of America, Inc., to secure the cooperation of 

 the entire industry in this nation-wide movement for defense. 

 Few of our important industries depend so completely upon im- 

 ported raw material as does the rubber trade, and therefore this 

 matter of national preparednss is a vital one to all connected with 

 this trade. The plan of the Rubber Club is to so interest the 

 rubber people in each city, town or district that local clubs or 

 committees may be formed for the purpose of exerting a broad 

 influence on public opinion in regard to national defense. 



The Rubber Club, at its annua! meeting last February, appro- 

 priated $1,000 for the purpose of forming such local bodies, and 

 supplying them with appropriate literature, posters and informa- 

 tion. This fund is almost exhausted, and contributions are now 

 being solicited by a circular letter sent, not only to members of 

 the club, but to the trade generally. 



RUBBER COMPANY DIVIDENDS. 



.At a meeting of directors of the Lee Rubber & Tire Corpora- 

 tion held on April 27, a quarterly dividend of 50 cents per share 

 and an extra dividend of 25 cents per share was declared, pay- 

 able June 1 to stockholders of record May 15. 



On May 9 the directors of the Ajax Rubber Co., Inc., de- 

 clared a dividend of ZVs per cent, payable June 15 to stockholders 

 of record May 31. 



The Hood Rubber Co. paid a regular quarterly dividend of 

 I3i per cent on the preferred stock on May 1, to stockholders of 

 record on that date. 



RUBBER COMPANY SHARE aUOTATIONS 



The following market quotations of shares of rubber nianu- 



facturmg companies on May 2S are furnished by John Burn- 

 ham & Co., 115 Broadway, New York City, and 45 South La 

 Salle street, Chicago, Illinois: 



.■\jax Rubber Co. (new) 5^',''; ■''^^^''■ 



Firestone Tire & Rubber Co., common Rdn ' asn 



Firestone Tire & Rubber Co., preferred . ! ! ! '. '. ' 1 1 " ju 



The B. F. Goodrich Co., common 7c '„ 



The B. F. Goodrich Co., preferred '. lur/, //f, 



Goodyear Tire & Rubber Co., common .'..". 39/ igfi 



Goodyear Tire & Rubber Co., preferred ! ! ! .' 105 106 



Kelly-Sprmgfield Tire Co., commo-i ;i 7, 



Kelly-Springfield Tire Co., first preferred ! ! '. ! ! ! 95 99 



l\^ ^'"^?,''";?'^'='<l.^"''' ^°- seconcf preferred 



Miller Rubber Co., common ; inn 



Miller Rubber Co., preferred '.'.'.'.'.'.'. 115 



Portage Rubber Co., common 85 88 



Portage Rubber Co., preferred in'yiA ingi/ 



Rubber Goods Manufacturing Co., preferred ^' 



Swinehart Tire & Rubber Co. .......... .V '. 83 84 



Ln. ted States Rubber Co., common 54 55 



Un.ted States Rubber Co., preferred ::'.::'. 108 109 



