November 1, 1914.] 



THE INDIA RUBBER WORLD 



77 



News of the American Rubber Trade. 



ANNUAL MEETING OF THE HcGRAW TIRE & RUBBER CO. 



AT the annual meeting of The McGraw Tire & Rubber Co., 

 held at the company's offices at East Palestine, Ohio, on 



October 1, a very satisfactory year's business was reported. 

 The following officers were elected for the year: President, E. C. 

 McGraw; vice-presidents, R. \V. McGraw and John Morgan; sec- 

 retary. L. M. Kyes; treasurer. John Morgan. 



A conference of the branch managers and sales force of the 

 McGraw company was held during the week commencing Oc- 

 tober 5, when plans were laid for an extensive distribution of 

 product for the coming year. The company reports an excep- 

 tionally bright outlook. 



BOSTON WOVEN HOSE & RUBBER CO. 



At the annual meeting of the Boston Woven Hose & Rubber 

 I 0., held early in October, the board of directors was re-elected 

 for the ensuing year, and it was voted to change the by-laws to 

 permit the election of more than one vice president This com- 

 pany is experiencing no difficulty in obtaining all necessary sup- 

 plies of crude rubber at satisfactory prices, and reports that 

 while its European business has been unfavorably affected by the 

 war, trade in general is holding up fairly will, and the directors 

 are optimistic as to rubber trade conditions. 



WESTINGHOUSE AIR BRAKE CO.'S ANNUAL REPORT. 



The consolidated statements of the Westinghouse Air Brake 

 Co. covering the fiscal year ending July 31 show net earnings for 

 the year of $3,482,993, a decrease of $2,581,784 from the earnings 

 of the preceding fiscal year. The annual inventory totals $5,625,- 

 023, against the July, 1913, inventory of $4,307,505, while the cash 

 on hand is given as $2,479,095. and accounts and bills receivable as 

 $3,132,723 against similar items for the previous year of $4,050,495 

 and $4,865,762. The statement shows a surplus of $5,648,495, 

 which is $145,807 in excess of that shown on August 1, 1913. 



MAGNETIC CLUTCHES FOR NATIONAL INDIA RUBBER CO. 



The Cutler-Hammer Clutch Co., of Milwaukee. Wisconsin, has 

 just closed a contract with the National India Rubber Co., of 

 Bristol, Rhode Island, through Messrs, I.ockwobd, Green & Co., 

 consulting engineers, Boston, for two 72-inch H-60 magnetic 

 clutches and one 72-inch H-75 clutch. The 72-inch H-60 clutches 

 will be used on shafts where they will be called upon to transmit 

 600 H. P. at 60 R. P. M.. while' the 72-inch H-75 clutch will be 

 employed for the transmission of 400 II. P. at 36 R. P. M. 



These clutches are being installed for the protection of work- 

 men engaged in and about the mill, and were selected after a 

 careful investigation of the merits of the various types of 

 mechanical clutch, as well as the features of the Cutler-Hammer 

 product. 



RUBBER COMPANY DIVIDENDS. 



The Hood Rubber Co. has declared the twenty-seventh con- 

 secutive quarterly dividend of lJ-4 per cent, on its preferred 

 stock — payable November 2 to stockholders of record on Oc- 

 tober 28. 



The Swinehart Tire & Rubber Co.. of Akron, has declared a 

 dividend of 6 per cent, for the coming year — payable quarterly. 



The United States Rubber Co. paid on October 31 quarterly 

 dividends of 2 per cent, on first preferred, \ l /i per cent, on second 

 preferred and \ l A per cent, on common stock of the company, to 

 stockholders of record on October 15. 



The Electric Hose & Rubber Co.. of Wilmington, Delaware, at 

 its annual meeting held October 20, declared a regular dividend 

 of 3 per cent, and an extra dividend of 1 per cent, for the six 

 months ending September 30, making a total dividend paid for 

 the year of 8 per cent. 



CHANGES IN CAPITAL STOCK. 



The capital stock of the Continental Rubber Works, oi Erie, 

 Pennsylvania, has been increased $1,000,000. 



The Racine Rubber Co., of Racine, Wisconsin, has increased 

 its capital stock from $1,000,000 to $1,500,000, divided into 5,000 

 shares of preferred and 10,000 shares common, each with a par 

 value of $100 per slut. 



The East Palestine Rubber Co., of East Tab stun, Ohio, has 

 increased its capital stock from $150,000 to $500,000. 



CHANGES IN THE UNITED STATES TIRE CO. FORCES. 



O. S. Tweedy, who ever since the formation of the United States 

 Tire Co. has been its Eastern District manager, has been pro- 

 moted to the position of assistant general sales manager. Mr 

 Tweedy will continue to supervise the Eastern territory and will 

 also look after the trade of the Central District. He is a thor- 

 oughly experienced tire man, having been associated for tin years 

 with the Diamond Rubber Co., for. two years with the Federal 

 Rubber Manufacturing Co., as general sales manager, and also 

 with the Continental Caoutchouc Co., as New York sales manager. 



Thomas Burton, who has been assistant manager of the Eastern 

 District, has been transferred to Atlanta, Georgia, succeeding T. 

 B. Goodloe, who will join the Now York sales force. 



George S. Shugart, of the Central District, with headquarters at 

 Chicago, has been given the title of District Manager. 



O. S. Johnson, formerly manager of the Buffalo branch, has 

 been transferred to Houston, Texas, to succeed W. F. Gordon as 

 Texas State manager, Mr. Gordon having resigned bis position 

 with the company to open an automobile agency at Dallas. 



A NEW HARD RUBBER COMPANY. 



The India Rubber Co. has just begun the manufacture of 

 hard rubber goods in a newly equipped plant in New Bruns- 

 wick, New Jersey. It will manufacture hard rubber battery 

 jars — having a capacity of 500 jars per hour — and also caps 

 and barrels for fountain pens and other hollow molded and 

 turned hard rubber material. The plant is in charge of Mr. 

 H. Weida, who has had fifteen years' experience in hard rub- 

 ber manufacture. For ten years of that time — up to the first 

 of April last — he was manager of the hard rubber department 

 of the Diamond Rubber Co., and had previously been con- 

 nected with the American Hard Rubber Co. and the Peoples 

 Hard Rubber Co. 



CONNECTICUT TIRE FABRIC MILLS BUSY. 



The Connecticut manufacturers of tire fabrics are rushed with 

 orders. The Manhasset Manufacturing Co., at Putnam, is run- 

 ning night and day on orders, while the Kiltingly Manufacturing 

 Co., at Williamsville — a subsidiary of the Goodyear Tire & Rub- 

 ber Co., of Akron — has found it necessary to increase its equip- 

 ment and capacity, to meet the demands of the Goodyear company, 

 which takes its entire output. The $50,000 worth bf new ma- 

 chinery recently purchased for this plant is being installed and by 

 the first of January it is expected that it will have a producing 

 capacity of 1,500,000 yards of tire fabric a year. 



AMERICAN COTTON GOODS FOR EUROPE. 



It is reported that some two million yards of cotton duck have 

 recently been sold to Europe for army orders ; the trade having 

 been practically all done through a few houses on this side with 

 European representatives. Inquiries have reached here for 

 further large quantities, but in a more or less indefinite shape. 

 English demands have largely been for cotton .minds to a certain 

 specification. 



