May 1. 1917. 



THE INDIA RUBBER WORLD 



467 



News of the American Rubber Trade. 



BESAW TO BUILD IN AEDMORE, OKLAHOMA. 



THE BeSaw Tire & Rubber Co., Hartville, Ohio, is obliged 

 greatly to enlarge its capacity and will shortly build a plant 

 in Ardmore, Oklahoma, this site being selected as offering 

 ample housing for employes, natural resources such as oil and gas 

 fuel, and territory now requiring a large consumption of automo- 

 bile tires. The new factory will have a capacity of at least 5tX) 

 tires a day and to finance the project properly the capital stock 

 will be increased from $220,000 to $1,000,000. Charles A. Be- 

 Saw is president of the company and P. P. Parker, general sales 

 manager. 



the 



mill building which will 



EXPANSION OF THE FISK RUBBER CO. 



This illustration of The Fisk Rubber Co.'s plant at Chicopee 

 Falls, Massachusetts, 

 afford greatly 

 increased tire 

 production, the 

 floor space now 

 devoted to tire 

 manufacture to- 

 taling over 29 

 acres. The new 

 addition is one 

 of the largest 

 single mill build- 

 ings in New 

 England, having 

 six floors meas- 

 uring 600 feet 

 long by 105 feet 

 wide. It is now 



fully equipped with the mostapproved machinery 

 unit electric power plants. 



Plant of the Fisk Rubber Co., Chicopee Falls, .Massaliiusetts. 



operated b> 



UNITED STATES RUBBER CO. PENSION PLAN. 



The United States Rubber Co. has announced a comprehensive 

 pension plan for its employes, whereby every man and woman 

 who has been continuously in the employ of the company for 

 20 or more years, either with the parent company or any of its 

 subsidiary companies, and has reached a certain age (namely, 

 men 65 and women 60 years), may be retired on a pension, 

 the amount of which will depend upon the wages or salary re- 

 ceived and the number of years the employe has served the com- 

 pany. Retirement from service on pension is optional with the 

 employe under certain conditions, and under other conditions 

 lies in the discretion of the Pension Committee. The smallest 

 amount payable will be $20 per month. Under certain conditions 

 men may be pensioned at the age of 60 and women at 55. 



It is expected that the appropriation for the first year will 



benefit many of 

 the older em- 

 ployes, while the 

 great army of 

 men and women 

 younger in point 

 of service will 

 have the assur- 

 ance of protection 

 when their effici- 

 ency becomes im- 

 paired through 

 a fl V a n c e d age. 

 The company will 

 assume such ex- 

 penditures as may 

 be necessary in 

 be required from 



APSLEY RUBBER CO. 



The financial statement of the Apslcy Rubber Co., Hudson, 

 Massachusetts, as of January 31 > compares with the previous year 

 as follows : 



Assets: l^)!/. 1916. 



Cash, notes and accounts receivable $609,927 $461,560 



Inventory 612,061 627. 0J5 



Stock investments 57,680 



Real estate, machinerv. etc 623.296 580,103 



Patent rights and trade-marks 300.000 300,000 



Total $2,145,284 $2,026,378 



Liabilities: 



Common stock $500,000 $500,000 



Preferred stock 643.300 615.600 



Notes payable 380.000 399.573 



Accounts payable 218,608 174,199 



Surplus 403,376 337,006 



Total ..; $2,145,284 $2,026,378 



RUBBER COMPANY SHARE aUOTATIONS. 



The following market quotations of shares of rubber manu- 

 facturing companies on April 25 are furnished by John Burn- 

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

 Salle street, Chicago, Illinois: 



Bid. Asked. 



Ajix Rubber Co. 'new) 67K 70 



Firestone Tire & Rubber Co., common 129 135 



Firestone Tire & Rubber Co.. preferred 106'A 108 



The B. F. Goodrich Co.. common 50^ 51 



The B. F. Goodrich Co.. preferred 108'/^ 109 



Goodyear Tire & Rubber Co.. common 208 213 



Goodyear Tire & Rubber Co.. preferred lOS'A 108K 



Kelly-Springfield Tire Co.. common 51 ^-^ 53 



KellvSl.rinKfield Tire Co.. preferred 85 94 



Miller Rubber Co.. common 200 210 



Miller Rubber Co.. preferred 104^i 106 



Portage Rubber Co 141 147 



Swinehart Tire & Rubber Co 70 78 



United States Rubber Co.. common 58'i 59 



United States Rubber Co.. preferred I06J< 1075<i 



administering the plan and no contributions 

 any employes. 



Employes absent on military service for the country will not 

 have such absence deducted from the computation of their years 

 of service, nor constitute a break in the continuity of employ- 

 ment for purposes of the pension benefits. Service for the coun- 

 try will thus be counted equivalent to service for the company. 



RUBBER COMPANY DIVIDENDS. 



The American Tire Fabric Co. paid a quarterly dividend of 

 1^ per cent on first preferred stock on April 2 to stockholders of 

 record March 20. 



The United States Rubber Co. has declared a regular quar- 

 terly dividend of 2 per cent on first preferred stock, payable 

 April 30 to stockholders of record April 16. 



The Westinghouse Electric & Manufacturing Co. paid a quar- 

 terly dividend of 1^ per cent on preferred stock on April 16. 

 Also, a dividend of % per cent on common stock has been de- 

 clared, payable April 30 to stockholders of record April 5. 



The Kelly-Springfield Tire Co. has declared the regular quar- 

 terly dividend of $1 a share on common stock, payable May 1 to 

 stockholders of record April 16. 



The Hood Rubber Co. has declared a quarterly dividend of IM 

 per cent on preferred stock, payable May 1 to stockholders of 

 record April 26. 



The Marathon Tire & Rubber Co. has increased its dividend 

 payable May 1 from the rate of 6 to 7 per cent per annum. 



At a meeting held on April 25, directors of The B. F. Good- 

 rich Co. declared a regular quarterly dividend of $1 per share on 

 common stock, payable August 15 to stockholders of record 

 August 3. 



