July 1, 1916.] 



THE INDIA RUBBER WORLD 



553 



News of the American Rubber Trade. 



OTJTDIG OF THE RUBBEH CXUB OF AMEKICA, INC. 



EXTENSIVE preparations are being made by the committee 

 having in charge the seventeenth annual outing of this club 

 at the Vesper County Club, near Lowell, Massachusetts, 

 on Tuesday, July 18. It is planned to run a special train of 

 sleeping cars, club car and diner from New York, leaving Grand 

 Central Station at 11:30 P. M. on the 17th. Western members 

 will assemble at Cleveland, Ohio, and will travel by special 

 sleeping cars to Springfield, Massachusetts, where they will be 

 joined to the special train from New York. The entire party 

 from New York, Trenton and Akron will thus arrive at the 

 V'esper Country Club by about 8 :30 on the morning of the out- 

 ing. Breakfast will be served on the dining-car on the train. 

 There will also be special cars from Boston to the Vesper Coun- 

 try Club. Similar accommodations will be made for the return 

 of the members to their respective destinations and round-trip 

 tickets will be issued at a special price. 



For reservations on these trains, members are requested to 

 make immediate application to P. E. Young, Acushnet Process 

 Co., New Bedford, Massachusetts. 



scrap circular B will be revised and issued on July 1 of each 

 year. A committee will be appointed to make recommendations 

 for the necessary changes in the circular. Copies can be obtained 

 from the secretary of the Xatienal association. 



The annual meeting of the Westinghouse Electric & Manufac- 

 turing Co. was held at East Pittsburgh, Pennsylvania, on June 

 14. In addition to transaction of purely routine business, the 

 following directors whose terms expired on June 14 were re- 

 elected: J. W. Marsh, G. E. Tripp, H. H. Westinghouse, and 

 A. H. Wiggin. Samuel M. Vauclain, vice-president of the Bald- 

 win Locomotive Works, of Philadelphia, was also elected a 

 director, of the class whose term will expire at the annual meet- 

 ing to be held in 1919. 



The consolidated statement of income gives the gross earn- 

 ings of the company as $50,269,239.84, and the net manufactur- 

 ing profit as $9,429,89576. Other income, with interest deduc- 

 tions, makes the net profit available for dividends and other 

 purposes, $9,666,788.68. The sales billed and net income for the 

 year are in excess of any previous year in the history of the 

 company. These results were attained in part from orders for 

 war munitions, the shipments on account of which amounted to 

 $8,578,266. 



WESTEIUJ DIVISION OF THE NATIONAL ASSOCIATION OF WASTE 

 MATEHIAL DEALEES MEETS IN CHICAGO. 



The western division of the National Association of Waste 

 Material Dealers met at the Sherman House, Chicago, Illinois, 

 on June 13. In his address President Birkenstein urged the 

 members to advance the work of the association by increasing 

 the membership of the western division. The attendance was 

 good and that considerable progress had been made since the 

 last meeting was evident from the favorable reports of the 

 various committees. Among those present were the following: 

 Louis Birkenstein, president of the National association; Harry 

 Birkenstein, Victor Loewenthal and Charles Muehlstein. 



SCR.\P RUBBER DIVISION MEETING. 

 The Scrap Rubber Division of the National Association of 

 Waste Material Dealers met at the Hotel Astor, June 21. 

 Chairman Paul Loewenthal presided over the very successful 

 meeting and marked progress was reported since the last meet- 

 ing. There were about 20 representative members of the trade 

 present who took part in the business of the meeting and the 

 general discussions with enthusiasm. It was decided that the 



BtTBBER COMPANY DrVTOENDS. 



The Apsley Rubber Co. has declared the usual semi-annual 

 dividend of 3^ per cent, payable July 1 to stockholders of record 

 June 16. 



The Excello Tire & Rubber Co. has declared a semi-annual 

 dividend of 3}^ per cent on preferred stock, payable July 1. 



The Kelly-Springfield Tire Co. has declared a quarterly 

 dividend of 1^ per cent on preferred stock, payable July 1 to 

 stockholders of record June 17. 



The New Jersey Zinc Co., New York City, has declared an 

 extra dividend of 5 per cent, making six dividends declared so 

 far this year, in all 38 per cent, on the $35,000,000 capital stock. 

 Besides two quarterly dividends of 4 per cent each, the company 

 has paid two extra dividends of 10 per cent and two of 5 per 

 cent each. The six dividends declared this year require payment 

 of $13,300,000 in cash to stockholders. The dividends paid in 

 January and February, however, amounting to 14 per cent, or 

 $4,900,000, were out of profits accumulated prior to January 1, 

 and not out of those of the current year. 



The Rubber Goods Manufacturing Co. paid a regular quarterly 

 dividend of 1^4 per cent on the preferred stock on June IS, to 

 stockholders of record June 10. 



The Westinghouse Electric &- Manufacturing Co. has declared 

 a quarterly dividend of l.>4 per cent on the preferred stock, to be 

 paid July 15, and a dividend of lyi per cent on the common stock 

 for the quarter ending June 30, to be paid July 31, both dividends 

 payable to stockholders of record June 30. 



RUBBEE COMPANY SHAKE aUOTATlONS. 



The following market quotations of shares of rubber manu- 

 facturing companies on June 24 are furnished by John Bum- 

 ham & Co., 115 Broadway, New York City, and 41 South La 

 Salle street, Chicago, Illinois : 



.. „ ,, ^ , Bid. Asked. 



Aiax Rubber Co. (new) 64 66 



Firestone Tire & Rubber Co., common 870 



Firestone Tire & Rubber Co.. preferred 112 114 



The B. F. Goodrich Co., common 7iii 74U 



The B. F. Goodrich Co., preferred 113j| 114 



Goodyear Tire & Rubber Co., common 233 237 



Goodyear Tire & Rubber Co., preferred 10654 107V4 



Kelly-Springfield Tire Co., common 71 73 



Kelly-Springfield Tire Co., 1st preferred 96 96M 



Kellv-Sprinefield Tire Co., 2nd preferred 



Miller Rubber Co., common 350 357 



Miller Rubber Co^ preferred 105 106 



Portage Rubber Co., common 119 120 



Portage Rubber Co., preferred 120 122 



Rubber Goods Manufacturing Co., preferred 



Swinehart Tire & Rubber Co 88 91 



United States Rubber Co.. common 52^ 53Ji 



United States Rubber Co., preferred 108J4 110 



OLDTOWN COMPANY SUCCEEDS XENIA. 



The Oldtown Rubber Co., Xenia, Ohio, notice of whose in- 

 corporation appears elsewhere in this issue, has taken over the 

 rubber mills, water power, and 23 acres of land of the Xenia 

 Rubber Manufacturing Co., the latter company having ceased 

 operations. The new owners are making extensive alterations 

 of the premises, with the object of greater development of the 

 water power, and modernizing the equipment. The Oldtown 

 company has acquired the patents covering the "Springfield 

 Rubber-Abrasive Polishing Wheels," and will develop this line 

 in conjunction with its extensive manufacture of rubber heels 

 and soles, both for the factory and shoe repairing trade, baby 

 carriage tires, and molded work for mechanical purposes. 



