January 1, 1917.] 



THE INDIA RUBBER WORLD 



213 



News of the American Rubber Trade. 



o 



NEW PRESIDENT OF THE GENERAL RUBBER CO. 



N liis return from a live months' trip to the Far East, 

 H. Stuart Hotchkiss, of the United States Rubber Co. 

 System, wa.-i made president of the General Rubber 



Co., of New York. 

 This great com- 

 pany comprises the 

 following s u b s i- 

 diaries : Wm. Sym- 

 ington & Co., Limit- 

 ed, London and 

 Liverpool ; the Gen- 

 eral Rubber Co. of 

 Brazil, Manaos and 

 Para ; the General 

 Rubber Co., Singa- 

 pore, Straits Settle- 

 m e n t s, Colombo, 

 Ceylon and Medan, 

 Sumatra ; the fol- 

 lowing rubber 

 plantation c o m- 

 panies : Hollandsch- 

 Am erikaansche 

 P 1 a n t a g e Maat- 

 schappij, A s h a n 

 Sumatra ; Neder- 

 land Langkat Rub- 

 ber Maatschappij, Langkat, Sumatra, and Si Pare Pare Rubber 

 Maatschappij, Tebing Tinggi, Sumatra. 



Mr. Hotchkiss brings to his responsible position a peculiar 

 fitness together with an unusual degree of preparedness. Thor- 

 oughly conversant with the factory side of the rubber trade 

 though his long connection with L. Candee & Co., New Haven, 

 Connecticut; with the administration end as a member of the 

 Operating Council of the United States Rubber Co. ; with the 

 crude rubber end by reason of his many visits to the South 

 American rubber centers and to the Far East, he knows all sides 

 of his subject. 



Other officers of the General Rubber Co. are as of yore, with 

 the single exception . of W. Stuart Gordon, who has become 

 vice-president. 



H. Stuart Hotchkiss 



RUBBER COMPANY SHARE QUOTATIONS. 

 The following market quotations of shares of rubber manufacturing com- 

 panies on December 23 are furnished by John Burnham & Co., 115 Broad- 

 way, New York City, and 41 South La Salle Street, Chicago, Illinois: 



Bid. Asked. 



Ajax Rubber Co. (new) 72 J^ 73 



Firestone Tire & Rubber Co., common 135 140 



Firestone Tire & Rubber Co., preferred 107 108 



The B. F. Goodrich Co., common 59}i 60 



The B. F. Goodrich Co., preferred 110 112 



Goodvear Tire & Rubber Co., common 285 290 



Goodyear Tire & Rubber Co., preferred 10854 109J4 



Kelly-Springfield Tire Co., common S8yi 60 



Kelly-Springfield Tire Co., preferred 94 96 



Miller Rubber Co., common 245 250 



Miller Rukber Co., preferred 106 107 



Portage Rubber Co 178 182 



Rubber Goods Manufacturing Co.^ preferred ... 



Swinehart Tire & Rubber Co 87 



United States Rubber Co., common 60 62 



United Sutei Rubber Co., preferred lllS HJ 



SCRAP RUBBER DEALERS MEET. 



The Rubber Scrap Division of the National Association of 

 Waste Material Dealers held a meeting at the Hotel Astor, De- 

 cember 20, 1916, with Paul Loewenthal as chairman. After dis- 

 posing of the routine business there was a discussion of trade 

 matters generally that revealed a most satisfactory understand- 

 ing between the members present. The classification committee 

 recommended that no changes be made at this time, although 

 some corrections may be made at the summer meeting. The 

 grievance committee reported that no cases had been submitted 

 for adjudication since the last meeting. Observance of specifica- 

 tions long in force in packing material are held responsible for 

 this. Details of the new circular, which will be issued at the regu- 

 lar time, were fully discussed and found satisfactory. The at- 

 tendance was good, about 25 members being present, and the 

 banquet held that evening at the same hotel an unqualified suc- 

 cess. The next meeting will be held in March. 



AJAX RUBBER CO. ABSORBS RACINE. 



At a special stockholders' meeting of the Ajax Rubber Co., 

 Inc., New York City, the recent taking over of the Racine Rubber 

 Co., Racine, Wisconsin, by the Ajax company was ratified. This 

 consolidation is an important one, calling for an increase of 

 capital stock from $5,000,000 to $10,000,000. The Ajax company 

 has built up a national business through a large selling organiza- 

 tion, while the Racine company has acted as distributor and 

 built up a very profitable business at low selling cost, and the 

 combination of interests will add to the power of both com- 

 panies. The Racine Rubber Co. will maintain its corporate 

 existence and will practically continue, without change, its selling 

 policy, the Ajax company being used as a holding company for 

 Racine stock. 



Replete with information for rubber manufacturers. — Mr. 

 Pearson's "Crude Rubber and Compounding Ingredients." 



RUBBER COMPANY DIVIDENDS. 



The Rubber Goods Manufacturing Co. paid its 71st regular 

 dividend of l}i per cent on preferred stock, December 15, to 

 stockholders of record December IL 



The Boston Woven Hose & Rubber Co. paid the regular 

 quarterly dividend of 3 per cent on common stock and semi- 

 annual 3 per cent dividend on preferred stock, December 15, to 

 stockholders of record December 5. 



The Kelly-Springfield Tire Co. has declared a quarterly divi- 

 dend of ll/i per cent on 6 per cent preferred stock, payable 

 January 2 to stockholders of record December 16. 



The. Barrett Co. has declared a quarterly dividend of 1^4 per 

 cent on both common and preferred stock, payable January 2 

 to common stockholders of record December 20, and on January 

 15 to preferred stockholders of record January 5. 



An extra dividend of 10 per cent on the common capital stock 

 has also been declared, payable January 25, to stockholders of 

 record December 20. 



The board of directors of the Keystone Tire & Rubber Co., 

 New York City, has declared a quarterly dividend of 2 per cent 

 with an addition 1/3 per cent on the preferred stock and a 

 regular quarterly dividend of 3 per cent on common stock, 

 payable January 2 to stockholders of record December 22. 



The Westinghouse Electric & Manufacturing Co. has declared 

 a quarterly dividend of IH per cent on the common stock, pay- 

 able January 31, and a quarterly dividend of the same amount 

 on the preferred stock, payable January 15, both dividends pay- 

 able to stockholders of record December 30. The common divi- 

 dend is an increase oi 'A oi I per cent over the last payment. 



