January 1, 1917. 



THE INDIA RUBBER WORLD 



223 



$36,000,000 to $63,000,000, an increase of 80 per cent over 1915, and 

 net earnings for last year were $7,000,000 as against $5,000,000 

 for the preceding year. The comparative table of the business 

 for the two years is as follows : 



1916. 1915. 



Sales : $63,950,400 $36,490,652 



Net earnings 7,003,330 5,137,083 



Preferred dividend 764,239 469,583 



Common dividend 1,261,332 727,248 



Stock dividends 8,427,000 



The condensed balance sheet as of October 31 is as follows : 

 Assets— 1916. 1915. 



■ Plant and equipment $12,689,056 $7,846,207 



Quick assets 30,682,264 14,566,858 



Other assets 5,846,474 3,866,862 



Total $49,217,794 $26,279,927 



Liabilities — ■ 



Capital stock $35,000,000 $15,027,200 



Current liabilities 9,167,973 1,944,600 



Reserves 2,796,654 2,276,187 



Surplus ....' 2,253,168 7,031,940 



Total $49,217,794 $26,279,927 



All the directors were reelected, as follows : F. A. Sciberling, 

 C. W. Seiberling, G. M. Stadelman, F. H. Adams, P. W. Litch- 

 field, H. B. Manton and J. P. Loomis. The directors in turn 

 reelected the officers, as follows : F. A. Seiberling, president ; 

 C. W. Seiberling. vice-president ; G. M. Stadelman, vice-pres- 

 ident and sales manager ; P. W. Litchfield, vice-president and fac- 

 tory manager ; A. F. Osterloh, secretary ; F. H. Adams, treasurer ; 

 W. E. Palmer, assistant secretary and assistant treasurer ; H. J. 

 Blackburn, second assistant treasurer. 



During the present coal shortage the Goodyear company is 

 supplying coal to its employes at cost. 



L. C. Rockhill, manager of the auto tire department at the 

 home office of the Goodyear company, and Mrs. Rockhill, with 

 J. S. Willamen, district credit manager, and Frank E. Carroll, 

 manager of the San Francisco branch, are taking a month's trip 

 together in the Hawaiian Islands. 



* * * 



The Faultless Rubber Co., Ashland, Ohio, manufacturer of 

 rubber sundries and specialties, remembered its employes at 

 Christmas time in a unique and substantial manner. Each re- 

 ceived a $500 life and disability insurance policy for the pro- 

 tection of dependent relatives, the amount of which will be in- 

 creased at the rate of $100 annually until the maximum of $1,000 

 is reached. 



* * * 



E. H. Trader, formerly with the American E.xpress Co., has 

 accepted a position as general salesman with the American Rub- 

 ber & Tire Co., with headquarters at the Akron office. 



* * * 



The Falls Rubber Co., Cuyahoga Falls, Ohio, has increased 

 its capital stock from $300,000 to $500,000. 



THE RUBBER TRADE IN BOSTON. 



By Our Regular Correspondent. 

 ' I 'HE rubber industry in the matter of Christmas presents has 

 •'■ been vividly illustrated by the Bailey Rubber Co., of this 

 city, whose store, because of extensive and effective advertising 

 in the daily papers, has compared favorably with department 

 stores as regards the number of customers, compared to the area 

 of floor space. C. J. Bailey is a generous advertiser, of long 

 and varied experience, and his advertisements of "Useful 

 Christmas Gifts," giving long lists of raincoats and rubber cloth- 

 ing, footwear, household articles, etc., and especially rubber toys, 

 brought customers to the store by hundreds. Mr. Bailey, when 



asked if business had been good with him, modestly replied 

 in the affirmative, but the significant smile he wore spoke louder 

 than words of his satisfactory holiday trade. 



* * * 



Another Boston institution which is doing an extensive busi- 

 ness in rubber goods is the United Drug Co., whose chain stores 

 are numbered in the thousands in many sections of the country. 

 The importance of this institution in the rubber trade will be 

 appreciated when it is stated that in six weeks over 75,000 hot 

 water bottles were sold, and that the concern buys them in lots 

 of 300,000 each. This is but one item of the rubber goods line 

 which this company distributes. The latest innovation of the 

 company is interesting. Already an order has been given for 

 over 100,000 inner tubes for automobile tires. When a motorist 

 needs an inner tube, he needs it as the Texan needs a pistol — 

 mighty quick. Some garages stock no inner tubes, or only a 

 limited number of sizes. Not all garage men carry the best 

 makes, and the motorist must buy what he can get. There 

 are now more Rexall stores than garages and the drug com- 

 pany management believes that with its reputation for quality, 

 with its thousands of retail stores, all prominently situated, and 

 nearly all of them open or accessible at all hours, there is a 

 good prospect of selling half a million, or even a million inner 

 tubes this year. These tubes will bear a special trade-marked 

 name, owned by the company. 



* * * 



F. H. Appleton & Son, Inc., manufacturers of reclaimed 

 rubber, have just completed a large addition to their plant at 

 Franklin, Massachusetts. It is a three-story structure, 150 by 

 50 feet. As soon as this is in operation, the capacity of the plant 

 will be nearly trebled. A new laboratory building has also 

 been added, and equipped with up-to-date apparatus and 

 appliances. As hitherto, Francis H. Appleton, senior, makes 

 his headquarters at the Boston office, 185 Summer street, and 

 Mr. Appleton, junior, will continue in charge of the manufactur- 

 ing at the Franklin plant. 



* * * 



The Monatiquot Rubber Works Co., at South Braintree, 

 Massachusetts, continues to add to its extensive plant and is 

 breaking ground for the erection of another brick mill building. 

 This is to be two stories high, 190 by 60 feet, and will closely 

 follow in style the lines of the recently erected No. 2 building. 

 To make room for the new addition, it was necessary to move 

 the office building some little* distance toward the center of the 

 mill yard, and the journey was safely made without interfering 

 with the office routine. 



The new addition to factory No. 3 had a fitting dedication 

 during the early part of December, when a member of the Billy 

 Sunday party held a "shop meeting" there during the noon hour. 

 Not only the company employes attended to a man, but invita- 

 tions were also extended to the employes of the neighboring 

 factories; and as a result of the enthusiasm shown, the manage- 

 ment arranged for a weekly meeting during Mr. Sunday's stay 

 in Boston. 



The company's Christmas distribution this year took the form 

 of savings bank accounts which were opened in the names of the 

 individual employes. Each man was awarded an amount pro- 

 portionate to his length of employment. It was felt that this 

 plan would work out advantageously, and would be the means of 

 inspiring each one to add regularly to his nest egg. 



* * * 



The Elastic Braid & Lace Co., a comparatively new corpora- 

 tion, has secured the factory and business of the A. M. Green- 

 way Co., Chelsea, Massachusetts, and is manufacttiring elastic 

 cords, laces and braids for the shoe, corset and suspender trade. 

 George Fickessen, who for several years managed the Greenway 

 business, is treasurer of the company and has charge of the 

 manufacture. Charles M. Porter is president and sales manager. 

 Mr. Porter's office at 179 Summer street was badly damaged 



