June ], 1917.; 



THE INDIA RUBBER WORLD 



533 



News of the American Rubber Trade. 



PRESIDENT HOTCHKISS TO SUPERINTEND RUBBER PRODUCTION. 



H STUART HOTCHKISS, president of the General Rubber 

 , Co., vice-president, secretary and treasurer of The L. 

 Candee & Co., director and member of the executive com- 

 mittee of the U. 

 S. Rubber Co., and 

 first vice-president 

 of The Rubber As- 

 sociation of Amer- 

 ica, Inc., is one of 

 a notable committee 

 chosen by the 

 United States Gov- 

 ernment to superin- 

 tend the production 

 of raw materials for 

 the war. It will 

 serve under Ber- 

 nard M. Baruch, 

 chairman of that 

 division of the Na- 

 tional Council of 

 Defensf. Mr. 

 Hotchkiss is chair- 

 man of the Rubber 

 Committee. 



Other chairmen 

 are Judge Elbert H. 

 Gary, head of the 

 United States Steel Corporation ; A. C. Bedford, head of the 

 Standard Oil Co.; Horatio S. Rubens, director of the United 

 States Industrial Alcohol Co., alcohol ; Arthur V. Davis, alum- 

 inum ; Thomas F. Manville, asbestos ; Charles F. Brooker, brass ; 

 W. H. Childs, coal tar by-products ; Robert H. Downman, lum- 

 ber ; Clinton H. Crane, lead ; L. W. Kingsley, mica ; Ambrose 

 Monell, nickel; Henry Whiton, sulphur, and Jacob F. Brown, 

 wool. 



H. Stuart Hotchkiss 



RUBBER COMPANY SHARE QUOTATIONS. 



The following market quotations of shares of rubber manu- 

 facturing companies on May 25 ace furnished by John Burn- 

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



Salle street, Chicago, Illinois: 



Bid. Asked. 



Ajax Rubber Co. (new) 68 11 



Firestone Tire & Rubber Co., common 128 133 



Firestone Tire & Rubber Co., preferred 106 108 



The B. F. Goodrich Co., common 52 5254 



The B. F. Goodrich Co., preferred 106".,^ 107!4 



The Goodyear Tire & Rubber Co., common 200 203 



The Goodyear Tire & Rubber Co., preferred 106 108 



Kelly-Springficid Tire Co., common 53 i^ 55 



Kelly-Springfield Tire Co, , preferred 87 94 



Miller Rubber Co.. common 196 200 



Miller Rubber Co.. preferred 104 106 



Portage Rubber Co 150 155 



Swinehart Tire & Rubber Co 65 70 



United States Rubber Co., common 57>^ 58 



United States Rubber Co , preferred 105 106 



RUBBER COMPANY DIVIDENDS. 



The Republic Rubber Co. paid a quarterly dividend of 2 

 ?er cent on common stock on May 1 to stockholders of record 

 .•\pril 25. A dividend of 1^ per cent has been declared on 

 preferred stock, payable June 1 to stockholders of record 

 May 20. 



The Ajax Rubber Co. has increased its dividend rate from 

 $1.25 per share to $1.50 per share, the declared dividend at the 

 new rate payable June IS to stockholders of record May 31. 



RUBBER SCRAP DIVISION MEETING. 



The Rubber Scrap Division of the National Association of 

 Waste Material Dealers held a very satisfactory meeting. May 

 15, at the Hotel Astor, New York City. The recommendations 

 relating to packing and shipping specifications made by the 

 Rubber Reclaimers' Division of The Rubber Association of 

 America, Inc., were adopted with a few minor changes. The 

 next meeting will be held June 19-20. A new circular on 

 packing and a pamphlet on trade customs between dealers and 

 consumers will be issued under date of July 1. 1917. 



CAITADIAN CONSOLIDATED ELECTIONS. 



At the recent annual meeting of the Canadian Consolidated 

 Rubber Co., Limited, Montreal, Canada, directors were elected 

 for the current year, as follows : Walter Binmore, R. C. Colt, 

 Col. S. P. Colt, W. A. Eden, R. E. Jamieson, V. E. Mitchell. K. C, 

 E. W. Nesbitt. M. P., W. G. Parsons, R. B. Price, T. H. Rieder, 

 W. H. Robinson, Homer E. Sawyer, A. D. Thornton, Elisha S. 

 Williams. 



At a subsequent meeting of the directors, the following officers 

 were elected : T. H. Rieder, president ; V. E. Mitchell, K. C, 

 vice-president ; W. A. Eden, secretary ; Walter Binmore, treasur- 

 er ; R. C. Colt, assistant secretary, and J. P. B. Daigneau, assist- 

 ant treasurer. 



UNITED STATES RUBBER CO. ESTABLISHES NEW FOOTWEAR PLANT. 



The United States Rubber Co. has acquired the plant orig- 

 inally established as the Banner Rubber Co., at Kenrick and 

 Bittner streets, Baden, St. Louis, Missouri, and will operate it 

 exclusively for the manufacture of rubber footwear. Charles 

 R. Haynes, superintendent of The Goodyear Metallic Rubber 

 Shoe Co., at Nau.catuck, Connecticut, will be in general charge 

 of this St. Louis plant, the preliminary work being in charge 

 of J. M. Rice, superintendent of The L. Candee & Co. plant, 

 located at New Haven, Connecticut. It is hoped within the next 

 si.x months to develop a production of at least 10,000 pairs a 

 day of rubber shoes and arctics. 



CONDENSITE PATENTS RECOGNIZED BY GENERAL BAKELITE CO. 



Litigation between the Condensite Co. of America and the 

 General Bakelite Co. has been terminated, and the General 

 Bakelite Co. agrees to recognize the validity of the Condensite 

 (Aylsworth) patents Nos. 1,065,495, dated June 24, 1913, and 

 1,137,374, dated April 27, 1915, and to pay substantial royalties 

 thereunder. 



The patents in question cover broadly all varnishes, lacquers, 

 enamels and cements with which a phenolic condensation prod- 

 uct (such as condensite or bakelite) is combined with a double 

 solvent of either of the following types : first, a readily volatile 

 organic liquid and another organic liquid immiscible with, and 

 of a higher boiling point than water, or second, a liquid oxygen 

 compound of the aliphatic series and a compound of the ben- 

 zene series soluble therein, or a cyclic hydro-carbon. 



WAGE INCREASES IN NEW YORK. 



In the rubber and gutta percha establishments of New York 

 State the number of employes was 7.9 per cent greater than in 

 March, 1916, and their total wages were 28.7 per cent greater. 

 The gains over February, 1917, were 1 and 7.4 per cent, re- 

 spectively. 



The chemical industries also reported increases in wages 

 greater than in number of employes, the excess over March, 1916, 

 being 11.4 per cent in number and 28.6 per cent in wages. 



