394 



THE INDIA RUBBER WORLD 



[April 1, 1915. 



News of the American Rubber Trade. 



SOME PRODUCTION FIGURES OF BOSTON WOVEN HOSE AND 

 RUBBER CO. 



OF the product of the Boston Woven Host & Rubber Co. — 

 embracing rubber goods of almost every description, with 

 the exception of shoes and clothing nearlj a fourth con- 

 sists of fruit jar rings. The output of thesi rings in one day is 

 placed at 10 tons, and the yearly production, if linked together in 

 the form of a chain, would twice encircle the globe. Rubber 

 hose to the amount of 20,000,000 feet, in sizes from % inch 

 to 4 feet in diameter — the latter for use on dredges — is pro- 

 duced annually. The average daily output of rubber heels is 

 6,000 pairs, and of rubber friction and insulating tape between 

 7 and 8 tons. The factories of the company are located at 

 Cambridge and Plymouth, Massachusetts. 



KATZENBACH & BULLOCK CO. OPENS CHICAGO OFFICE. 



The Katzenbach & Bullock Co., which imports and deals 

 in chemicals and colors, with offices at 100 William street, 

 New York, and in the Broad Street Bank Building, Trenton, 

 New Jersey, is opening a new office in the Railway Exchange 

 Building. Chicago, in charge of Casper Smith, of Xew York. 

 This company was incorporated, under the laws of New 

 Jersey, in 1910, by WeHing S. Katzenbach and E. L. Bullock, 

 the business having been founded by the former in 1909, and 

 has become favorably known to the trade throughout the 

 United States and Canada. This Chicago branch will enable 

 the company to care for its western trade even more satis- 

 factorily than in the past. 



THE REPUBLIC RUBBER CO. INCREASES ITS CAPITAL STOCK. 



The new stock issue of the Republic Rubber Co., of 

 Youngstown, Ohio, mentioned on page 337 of our March 

 issue, has been authorized by stockholders, and new pre- 

 ferred stock, maturing in 1930, to the amount of $4,000,000 

 will be issued. Of this new issue $2,500,000 is to be applied 

 to the retirement of preferred stock now outstanding and 

 matured September 1 last. Shares to the value of $500,000 

 will be held in the treasury and issued as required, the pro- 

 ceeds of the remaining $1,000,000 to be devoted to enlarge- 

 ment of the company's business, principally for extending its 

 sales facilities. Holders of outstanding preferred, up to 98 

 per cent, of the value of the securities concerned, have waived 

 their right to require purchase of the retired preferred at 105 

 and are accepting shares of the new issue for their former 

 holdings, share for share. 



THE CHANCE TO GET A FINE PAINTING OF GOODYEAR. 



In The India Rubber World for January, 1913, on page 215, 

 there was a large halftone reproduction .if a recently finished 

 oil portrait of Goodyear. This painting shows the head and 

 shoulders of Goodyear, life size, and it is one of the best ever 

 made of the famous inventor. The features are strong in char- 

 acter and excellent in likeness. The artist, Miss Frances Cham- 

 berlin, of 739 Boylston street, Boston, is offering this portrait 

 for sale. '1 his is an excellent opportunitj for some individual 

 or company to get an exceptionally good portrait of Charles 

 Goodyear. 



THE CORN PRODUCTS REFINING CO. 



Ihe Corn Products Refining Co., manufacturers of "Paragol," 

 a rubber substitute, of 17 Battery place, New York, held its 

 annual meeting late in March, when F, II. Hall and Preston 

 Davies were elected directors, to succeed F. T. Bedford, re- 

 signed, and J. A. Moffett, deceased. \ ti legram was received 

 at this meeting from E. T. Bedford, president of the company, 

 who stated that he was unable to attend owing to the hearings 

 of the Government dissolution suit at San Franci 



NEW SI. COO. COO PREFERRED STOCK ISSUE FOR CANADIAN 

 CONSOLIDATED. 



At a meeting of stockholders of the Canadian Consolidated 

 Rubber Co., Limited, of Montreal, Quebec, on March 8, a. 

 new preferred stock issue of 10,000 shares was authorized — 

 to be allotted to present stockholders at par — and at the same 

 time the directors wire authorized to issue 200 shares of 

 pi. i erred stock then being held in the treasury. It is stipu- 

 lated in the,.terms under-.jj,|ijch the new stock is to be issued 

 that the UAited States Rijbber ( 0., which mens a majority 

 of the piesent stock outstanding, will take whatever part 

 may not be subscribed for by the other stockholders, in addi- 

 tion to its own pro rata share. The proceeds of the sale of 

 this new $1,000,000 issue are to be used for working capital, 

 demanded by the increase and growth of the busirjess. 



RUBBER COMPANY DIVIDENDS. 



The American Chicle Co., .if Xew York, on March 22, de- 

 clared the usual, .quarterly dividend of \ l /> per cent, on its pre- 

 ferred stock, payable April 1 to stockholders of record on March 

 24; also the usual monthly dividend of 1 per cent. On common 

 stock, payable April 20 to stockholders of record on April 15. 



The Apsley Rubber Co.. of Hudson, -Massachusetts has de- 

 clared a semi-annual dividend of 2 per cent, on its common 

 stock and a similar dividend of 3'_ per cent, on its preferred 

 stock. 



The Boston Belting Co., of Boston, has declared a quarterly 

 dividend of $2 per share — payable April 1 to stockholders of 

 record on March 22 



The Goodyear Tire & Rubber Co., of Akron, Ohio, paid on 

 March 1 a quarterly dividend of 3 per cent., announcing that 

 in future dividends will lie paid quarterly instead of annually 

 as heretofore. 



The Kelly-Springfield Tire Co.. of Akron. Ohio, has declared 

 a dividend of V/ 2 per cent, on its first preferred stock, a divi- 

 dend of l'i per cent, on second preferred stock — both payable 

 April 1 to stockholders of record on March 15— and a dividend 

 of 1;A per cent, on common stock — payable May 1 to stock- 

 holders of record on April 15. 



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

 March 1 a quarterly dividend of 1-54 per cent, on preferred 

 stock. 



The Rubber Goods Manufacturing Co., of New Brunswick, 

 .Yew Jersey, paid on March 15 a quarterly dividend of l-}4 per 

 cent on preferred stock and a dividend of 1 per cent, on com- 

 mon stock. 



CAPITAL STOCK CHANGES. 



The Canadian Consolidated Rubber Co., of Montreal, Quebec, 

 has increased its capital stock from $2,000,000 to $?,000.000. 



The B. F. Goodrich Co., of Xew York, has reduced its cap* 

 ital stock from $90,000,000 to $88,000,000. 



The Toledo Tire & Supply Co.. of Toledo. Ohio, has increased 

 its capital stock front $10,000 to $25,000. 



RUBBER BANDS OUT OF A CLEAR SKY. 



In a recent Hodgman catalog there is a very striking illus- 

 tration having for its main thought a generous distribution 

 of elastic bands. Hovering over the riot of sky scrapers that 

 go to make up the city of New York is a gigantic aeroplane. 

 From it comes a cloudburst of rubber bands, in boxes and in 

 bulk. The air is full of them. The artist's conceit is one that 

 catches the eye and stirs the imagination and suggests a big 

 business in this specialty. 



