92 



THE INDIA RUBBER WORLD 



[XOVEMHER 1, 1916. 



News of the American Rubber Trade. 



SOMERSET RUBBER RECLAIMING WORKS IMPROVEMENTS. 



THE Somerset Rubber Reclaiming Works, of New Bruns- 

 wick, New Jersey, have been making many changes in their 

 factory at East Millstone, adding a number of labor saving 

 devices and machinery to cut down the cost of manufacture, and 

 doubling the producing capacity. A sprinkler .system has been 

 installed, the company having joined the Factory Mutual Fire 

 Insurance Cos. For the comfort and convenience of the work- 

 men, shower baths have been installed. The laboratory has 

 been enlarged and equipped with the latest modern apparatus, 

 and a staff of chemists is employed to keep check on the material 

 as it passes through the factory, to assure uniformity of the 

 product. This laboratory is placed at the disposal of the com- 

 pany's customers, expert service being furnished ; all such mat- 

 ters of course being treated absolutely confidentially. A special- 

 ty of the company is white reclaimed rubber, for which a very 

 large demand is noted. The plant has been working day and 

 night to full capacity. 



REINCORPORATES WITH ENLARGED CAPITAL. 



The Pennsylvania Rubber Co.. Inc., notice of whose incorpora- 

 tion appeared in the September issue of The Indi.\ Rubber 

 World, has been organized with an authorized capital of $6,000,- 

 000, of which $1,000,000 is 7 per cent cumulative preferred stock 

 and $5,000,000 is common stock, for the purpose of providing 

 the additional financial requirements necessary to properly handle 

 and care for the increased volume of business of the Pennsyl- 

 vania Rubber Co. It is asserted that from a volume of trade 

 of less than $1,000,000 in 1909, the business of the company has 

 developed so that this year it will pass the $5,000,000 mark. The 

 directors of the new incorporation are as follows : Herbert 

 DuPuy, H. Wilfred DuPuy, C. M. DuPuy. Seneca G. Lewis, 

 George W. Shiveley and George A. JtlcLaughlin. 



CAPITAL INCREASE OF FISK RUBBER CO. 



At a special meeting of the stockholders of The Fisk Rubber 

 Co., Chicopee Falls, Massachusetts, October 2, mentioned last 

 month, it was voted to authorize an increase in the capital stock 

 of the corporation by $24,500,000, divided as follows : $7,500,000 

 first preferred convertible stock, of which $5,000,000 will be issued 

 at once; $5,000,000 second preferred, of which $2,500,000 will be 

 issued, and $12,000,000 common stock which will remain in th« 

 treasury. The additional issue of second preferred is being 

 taken by the junior security holders, being offered to them on a 

 basis of one share for every four shares of common and second 

 preferred owned in the aggregate. The first preferred has been 

 underwritten by a syndicate headed by Estabrook & Co., Boston, 

 Massachusetts. The new cash is to be used for working capital. 



RUBBER COMPANY SHARE QUOTATIONS. 



The following market quotations of shares of rubber manu- 

 facturing companies on October 25, are furnished by John 

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

 Salle street, Chicago, Illinois : 



Bid. Asked. 



-■\jax Rubber Co. (new) 63 65 



Firestone Tire & Rubber Co., common .' 1135 1150 



Firestone Tire & Rubber Co., preferred 110 112' 



The B. F. Goodrich Co., common 73^ 74 



The B. F. Goodrich Co., preferred 113 114;-^ 



Goodyear Tire & Rubber Co., common 295 14 298 



Goodyear Tire & Rubber Co., preferred 108^ 109 



KeIly-.Sprinp:field Tire Co., common 77 J^ 78 



Kelly-Sprinpfield Tire Co.. 1st preferred 98 100 



Miller Rubber Co., common 250 260 



Miller Rubber Co., preferred 105 107 



Portage Rufeber Co., common 1 74 1 76 



Portage Rubber Co., preferred 173 174 



United States Rubber Co., common ; 60 605^ 



Svvinehart Tire & Rubber Co 86 92 



United States Rubber Co.. preferred 110 111 



METAL WO CD MANUFACTURING CO. 

 Improvements luider way for the Metalwood Manufacturing 

 Co., Detroit, Michigan, involve the rebuilding of the central por- 

 tion of the company's plant, which will give approximately 6,000 

 square feet of floor spaci;. A 10-ton traveling crane will also be 

 installed, to facilitate handling the work. These improvements 

 are necessitated by the rapid growth of the business, and we are 

 advised that among recent orders of the Metalwood company 

 were repeat orders from the Goodyear Tire & Rubber Co., 

 Akron, Ohio, for Metalwood duplex vulcanizing presses and from 

 Gutta Percha & Rubber, Limited, Toronto, Canada, for Metal- 

 wood quick operating remote control type valves. 



RUBBER COMPANY DIVIDENDS. 



The .American Tire Fabric Co. paid a regular quarterly divi- 

 dend of 1^ per cent on preferred stock on October 2 to stock- 

 holders of record September 20. 



The Globe Rubber Tire Manufacturing Co. has declared the 

 regular semi-annual dividend of 3'/2 per cent on the preferred 

 shares, payable November 1, to stockholders of record Oct. 27. 



The B. F. Goodrich Co. has declared a dividend of $1.75 per 

 share on preferred stock, payable January 2, 1917, to stockhold- 

 ers of record December 21, 1916, and a quarterly dividend of $1 

 per share on common stock, payable February 15, 1917, to stock- 

 holders of record February 2. 



The Goodyear Tire & Rubber Co. paid the usual quarterly 

 dividend of 1J4 per cent, on October 1 to stockholders of record 

 September 20. 



The Hood Rubber Co. paid a bi-monthly dividend of $1 on 

 common stock on October 14. 



The Keystone Tire & Rubber Co. paid a quarterly dividend of 

 2 per cent and % per cent additional on its preferred stock and 

 a quarterly dividend of 2 per cent on the common stock, with 3/^ 

 per cent additional, on October 2, to stockholders of record 

 September 8. 



A quarterly dividend of 2 per cent was paid by the Miller 

 Rubber Co. on October 20 to stockholders of record October 1. 



The New Jersey Zinc Co. has declared a quarterly dividend 

 of 4 per cent, and an extra dividend of 5 per cent, both payable 

 November 10, to stockholders of record October 31. 



The Pennsylvania Rubber Co. has declared dividends of 1^4 

 per cent on the preferred stock and V/2 per cent on common 

 stock, payable January 1, 1917. 



The Ten Broeck Tyre Co., Louisville, Kentucky, has declared 

 a 4 per cent dividend. This marks the resumption by the com- 

 pany of the payment of dividends which had been interrupted by 

 the outbreak of the war and unsettled business conditions. 



The United States Rubber Co. paid a quarterly dividend of 2 

 per cent on first preferred stock and a quarterly dividend of 1J4 

 per cent on second preferred stock on October 31 to stockhold- 

 ers of record October 14. 



The Westinghouse Electric & Manufacturing Co. paid the 

 regular quarterly dividend of 1J4 per cent on preferred stock on 

 October 16 and 1^4 per cent on common stock October 31, both 

 dividends payable to stockholders of record October 6. 



The directors of the Lee Tire & Rubber Corporation have 

 declared a quarterly dividend of 50 cents per share and an 

 extra dividend of 25 cents per share, payable December 1 

 to stockholders of record November 15. 



