600 



THE INDIA RUBBER WORLD 



[July 1, 1917. 



News of the American Rubber Trade. 



MEETING OF THE EAGLE-PICHER LEAD CO. 



THE Eagle-Piclicr Lead Co. held the annual summer meet- 

 ing of its Eastern sales force in New York City, from 

 June 19 to 21. The business sessions were held at the 

 new New York offices at 101 Park avenue. Besides the sales 

 force, there were present O. S. Pichcr, president; R. W. Evans, 

 vice-president and general sales manager; John R. MacGregor, 

 assistant general sales manager, and John B. Livingston, all from 

 Chicago; Mr. Chatam, manager of the Pittsburgh branch; also 

 Dr. Schaeflfer, chief chemist of the company; W. E. Maston, 

 manager of the Philadelphia branch, and M. H. Riley, manager 

 of the Baltimore branch. The company's new plant at Newark, 

 New Jersey, was visited, and the social activities included a 

 banquet at the Cafe Des Beaux-.Arts, presided over by President 

 Picher. 



This was one of the most successful meetings this organiza- 

 tion has held and those in attendance numbered about thirty. 



SUBSIDIARIES ELECT PRACTICALLY IDENTICAL OFFICERS. 



The two leading subsidiaries of the United States Rubber Co., 

 at Naugatuck, Connecticut, have recently elected directors and 

 officers. The directors of Goodyear's Metallic Rubber Shoe Co. 

 are Walter S. Ballou, James B. Ford, Samuel Norris, W. T. 

 Rodenbach and F. F. Schaffer. The officers are F. F. Schalifer, 

 president; \V. T. Rodenbach, treasurer; Charles T. McCarthy, 

 secretary; Homer E. Sawyer, general manager; John D. Car- 

 berry, assistant secretary; and Charles S. Myers, assistant treas- 

 urer. 



Tlie directors of Goodyear's India Rubber Glove Manufac- 

 turing Co. are Walter S. Ballou, John D. Carberry, Ernest Hop- 

 kinsou, W. T. Rodenbach and F. F. Schaffer. The officers of 

 the company are identical with those of the first mentioned com- 

 pany, with the exception of the assistant treasurer, which office 

 in the latter company is held by C. C. Schofield. 



RUBBER COMPANY DIVIDENDS 



The Apsley Rubber Co. has declared its regular semi-annual 

 dividend of '2}^ per cent on preferred stock, payable July 1 to 

 stockholders of record June 30. 



A quarterly dividend of $1.75 per share has been declared on 

 both the common and preferred stock of The Barrett Co., pay- 

 able July 2 to stockholders of record June 20. 



The General Electric Co. has declared a stock dividend of 

 $2 per share, payable July 14 to stockholders of record June 16. 



The Goodyear Tire & Rubber Co. paid a quarterly dividend 

 of 3 per cent on common stock on June 1. 



The Kelly-Springfield Co. has declared a quarterly dividend 

 of $1.50 per share on 6 per cent preferred stock, payable July 

 2 to stockholders of record June 18. 



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

 has declared a quarterly dividend of 2 per cent with an addi- 

 tional 1/3 per cent on preferred stock and a regular quarterly 

 dividend of 3 per cent on common stock, payable July 2 to 

 stockholders of record June 22. 



Tlie Pennsylvania Rubber Co. has declared regular quarterly 

 dividends of 1^ per cent on preferred and V/, per cent on com- 

 mon stock, payable June 30 to stockholders of record June 15. 



The Westinghouse Electric & Manufacturing Co. has de- 

 clared a quarterly dividend of 154 per cent on preferred stock, 

 pavable July 16, and of 154 per cent on coinmon stock, payable 

 July 31, both dividends payable to stockholders of record June 30. 



DE LISSER SUBMITS A WAR TAXATION PLAN. 



Of the many forms of war taxation proposed during the past 

 few weeks, none is simpler than that submitted by Horace DeLis- 

 ser, chairman of the board of directors of the Ajax Rubber Co., 

 to Chairman Simmons, of the finance committee of the Senate, 

 The plan is to impose a universal levy of one-half of one per 

 cent of the gross annual sales made by every business in the 

 country. Such a tax, it is claimed, would net the government 

 the required $1,000,000,000, at the same time proving equitable, 

 ■economical, easy to collect and in no wise disturbing to trade. 

 Distributed to every article of merchandise sold throughout the 

 United States, as well as covering lawyers' fees and other pro- 

 fessional emoluments, it would offer little incentive for" evasion. 



BANftUET TO JESSE E. LA DOW. 



Nearly one hundred persons attended the banquet tendered 

 Secretary Jesse E. LaDow, of the Mansfield Tire & Rubber 

 Co., Mansfield, Ohio, on his return from an extended tour to 

 the Far East. In the unavoidable absence of the president, 

 C. R. Grant, G. W. Henne, vice-president and general manager, 

 acted as toastmaster. Besides the officers of the company, the 

 directors, sales managers, heads of departments and their 

 assistants there were invited guests including the mayor of 

 Mansfield, and a number of leading local bankers and profes- 

 sional men. Several eloquent addresses were delivered, inter- 

 spersed were songs and recitations. Mr. LaDow concluded 

 the evening's entertainment with an interesting talk of great 

 educational value on his trip and the details of his research in 

 the plantations of the Far East. The affair was a most en- 

 joyable one and much credit for its success is due to the com- 

 mittee : R. H. Sotherland, purchasing agent ; P. H. Ober, gen- 

 eral superintendent ; H. W. Webster, sales manager, and A. C. 

 Moore, assistant secretary. 



RUBBER COMPANY SHARE ftUOTATIONS. 



The following market quotations of shares of rubber manu- 

 facturing companies on June 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) 68'A 71 



Firestone Tire & Rubber Co., coinmon 115 122 



Firestone Tire & Rubber Co., preferred 105 107 



The E. F. Goodrich Co.. common 51J^ 52'A 



The B. F. Goodrich Co.. preferred 105 !4 lOSJ-i 



Goodyear Tire & Rubber Co., common 180 185 



Goodyear Tire & Rui)i)er Co., preferred 105 107 



Kelly-Springtield Tire Co., common 47^2 4854 



Kel!y-.Springfield Tire Co., preferred 89 95 



Miller Rubber Co., common , 180 190 



Miller Rubber Co., preferred 102 105 



Portage Rubber Co 145 155 



Rubber Goods Manufacturing Co.. preferred 



Swinehart Tire & Rubber Co 65 70 



T/nited States Rubber Co., common 61 6lyi 



United States Rubber Co., preferred 107 107^ 



CONSOLIDATION OF WESTINGHOUSE INTERESTS. 



An important development in the affairs of the Westinghouse 

 organizations, here and abroad, is the consolidation of the British, 

 French and Italian Westinghouse companies. The powerful 

 financial group in control is reported to have further plans for 

 extension of interests, by which it will rival the great German 

 company, the Allcgeineine Electricitats Gcsellschaft. The Ameri- 

 can Westinghouse company not only retains a financial interest 

 in this combination, but an agreement of alliance has been made 

 with the London group under which the American ' company 

 trades in the Western Hemisphere and the Far East, including 

 .\siatic Russia, and the British company in Europe, Africa and 

 Australia, each company representing the other as sole agent 

 in its respective territory for business that naturally gravitates 

 toward the other. 



