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THE INDIA RUBBER WORLD 



[March 1, 1915. 



News of the American Rubber Trade. 



THE UNITED STATES RUBBER CO.S ANNUAL MEETING. 



THE Eollowinj notice was sent out February 5 by the 

 secretary of the United States Rubber Co. relative to the 

 holding of the next annual meeting, which will take place 

 in March : 



"Notice is hereby given that the twenty-third annual meeting 

 of the stockholders of the United States Rubber Co. will be 

 held at the principal office of the company, in ih. citj of New 

 Brunswick, New Jersey, on Tuesday, March 16, 1915, at 12 



k noon, for the election of directors and for the transac- 



of any and all business that may properly come before the 

 meeting, including considering and voting upon the approval and 



cation of all purchases, contracts, acts, proceedings, elec- 

 tions and appointments by the Board of Directors ir the Execu- 

 tive Committee since the twenty-second annual meeting of the 

 stockholders of the company, on March 17. 1914, and of all mat- 

 ters referred t<> in the twenty-third annual report to stockhold- 

 ers, which will he sent to stockholders before the meeting, and 

 in the proceedings of the Board of Directors and the Executive 



mittee which, until the meeting, will he open to examina- 



i in stockholders of record during business hours at the New 



York office of the company, 1790 Broadway." 



FEDERAL COMPANY DEVELOPMENTS. 



The Federal Rubber Manufacturing Co., of Milwaukee, Wis- 

 consin, has now under way extensions and improvements to its 

 plant which are expected to cost approximately $500,000 and 

 which wlun completed — probably by July 1 — will enable the com- 

 pany to double u- present tire output. New second preferred 

 stock to the amount of $1,000,000 has recently been issued to 

 take care of this development, which includes also the establish- 

 ment of branch offices and sales campaigns in sections of the 

 country where the company is not now represented. The plant 

 is said to be operating at present twenty hours a day, with a 

 force of 1,200 operatives. With the completion of additions it 

 i- expected that about 400 additional employes will be taken on. 



FIRE HOSE CONTRACTS. 



The following are a few of the large contracts for fire hose 

 that have recently been awarded by the fire departments of 

 various cities : Boston Woven Hose & Rubber Co., Boston— 

 2,000 feet— Pasadena, California; Empire Rubber & Tire Co 

 .Trenton, New Jersey— 2,800 feet — Detroit, Michigan; Eureka 

 Fire Hose Co., New York— 13,000 feet, Philadelphia— 2.800 feet. 

 Detroit — 500 feet, Pensacola, Florida; Gutta Percha & Rubber 

 Manufacturing Co., New ' York — 400 feet — Detroit; Republic 

 Rubber Co., Youngstown, Ohio- 1.000 feet, Pasadena — 750 feet. 

 Madison, New Jersej 



Bids have been submitted on 40.000 feet of hose, in addition to 

 tire anil tube equipment, for the New York City lire department. 



NEW PRESIDENT FOR WHITMAN & BARNES COMPANY. 



The Whitman & Barnes Manufacturing Co., of Akron, Ohio, 

 with branches at Chicago and St. Catherines, Ontario, which. 

 in addition to manufacturing rubber hoof pads, distributes all 

 varieties of mechanical and other rubber goods, recently held 

 its annual meeting, when the following officers were elected : 

 President, A. B. Rinehart ; vice-president and general manager, 

 A. D. Armitage ; second vice-president, A. G. Hall; treasurer, 

 W. H. Eager ; assistant treasurer, E. A. Fisher ; secretary, W. E. 

 Rowell. C. E. Sheldon, who has been connected with the com- 

 pany for forty-seven years and has been president for the last 

 thirteen years, although retiring from that position, retains his 

 membership in the board of directors, of which he is chairman- 

 Mr. Rinehart, the new president, has been connected with the 

 company since 1893. 



ELASTIC FABRIC MANUFACTURERS COMBINE. 



An announcement received early in February, signed by T. 

 Martin & Bro. Manufacturing Co., Chelsea and Lowell, Massa- 

 chusetts; Hub Gore Makers. Boston and Brockton, Massachu- 

 etts; Leolastic, Bayonne, New Jersey, and Bridgeport Elastic 

 Fabric Co., Bridgeport, Connecticut, states that the properties 

 of these concerns have been sold to Everlastik, Incorporated, an 

 organization formed to carry on the business formerly conducted 

 by them. 



Everlastik is a Massachusetts corporation with an authorized 

 capital stock of $4,900,000, divided between preferred "A" $1,000,- 

 000, preferred "B" $2,000,000 and common $1,900,000. No new 

 capital has been brought into this concern, which is simply a 

 combination of interests. Its purpose is to minimize waste, to 

 improve the quality of products if possible, and to more ac- 

 ceptably serve customers. None of the concerns are to lose 

 identity or individuality, and goods will continue to be billed in 

 the names of the separate concerns. The new company will 

 maintain a New York office at 346 Broadway, and a Boston office 

 at 179 Lincoln street. 



The officers are : President, Bertram T. Martin ; vice-president 

 and counsel, John Abbott ; treasurer, John E. Page ; secretary 

 and clerk, Walter L. Martin ; assistant general manager. Charles 

 B. Stretch ; assistant treasurer and clerk, Wilwyn Herbert. The 

 foregoing officers, with Samuel Lownds and Herbert S. Blake, 

 compose the board of directors, of which the latter is chairman. 



FISK RUBBER CO.'S GOOD SHOWING. 



The report of the Fisk Rubber Co., of Chicopee halls, .Massa- 

 chusetts, for the year ending October 31. recently issued, shows 

 an increase of $335,604 in net profits over those of the previous 

 year, and an increase in surplus of $229,725. The net profits for 

 the year are given as $942,204. and the surplus as $432,204. Pre- 

 ferred stock dividends were paid during the year to the amount 

 of $350,000. The Fisk company on December 31 retired 2,250 

 shares of its matured preferred stock, and a new preferred issue 

 of 5,000 shares at a par value of $100 has been voted. It is 

 understood that the proceeds will be applied to the working 

 capital, tiie present rate of production and expected increases 

 i ailing for large reserve- 



CAPITAL STOCK CHANGES. 



The American Tire & Rubber Co., of Akron. Ohio, has re- 

 duced its capital stock from $500,000 to $250,000. 



The Federal Rubber Manufacturing Co., of Milwaukee, Wis- 

 consin, has increased its capital stock from $2,000,000 to 

 $3,000,000. 



The Tire Co. of America, of Chicago, has increased its cap- 

 ital stock from $5,000 to $10,000. 



The Johnstown Rubber Co., of Johnstown, Pennsylvania, has 

 increased its capital stock from $25,000 to $100,000. and will 

 erect a factory. 



The I. T. S. Rubber Co., of Elyria, Ohio, has increased its 

 capitalization from $100,000 to $115,000. 



DIVIDENDS 



The Republic Rubber Co., of Youngstown, Ohio, paid on 

 February 1 a quarterly dividend of 2 per cent, on common stock. 



The Manhasset Manufacturing Co., of Putnam, Connecticut, 

 which specializes in the manufacture of tire fabrics, has declared 

 a semi-annual dividend of 3 per cent, in place of the usual 2 

 per cent. 



