442 



THE INDIA RUBBER WORLD 



[May 1, 1915. 



News of the American Rubber Trade. 



THE H0DGMAN RUBBER CO. TO HAVE A LARGE OFFICE BUILDING. 



COM I R VCTS have been given by the Hodgman Rubbi 

 the erection of a large office building SO x 150 feet, 

 with three stories and basement, and an extension 50 x 55 

 feet. Tliis building will have all the conveniences and equip- 

 ment that are known to modern office construction. It will Lie 

 d in Tuckahoe, near the company's factory, and will ac- 

 commodate the company's entire office force. 



GUTTA PERCHA & RUBBER MANUFACTURING CO. HOLDS ANNUAL 

 MEETING. 



I he Gutta Percha & Rubber Manufacturing Co., which manu- 

 factures mechanical rubbei g Is, having factories in Brooklyn 



and branches in Boston, Philadelphia. Chicago and San Fran- 

 cisco, as well as a Xew York office at 126-8 Duane street, held its 

 annual meeting on April 9. when the following directors and offi- 

 cers were elected: Henry Spadone, president; Walter W. 

 Spadone. via president; Alfred A. Spadone, secretary; Matthew 

 Hawe, treasurer ; all these officers together with Amedee Spadone 

 and t harles C. Spadone being directors. 



THE PEERLESS RUBBER CO. MOVES ITS NEW YORK OFFICE. 



On May 1 the Peerless Rubber Manufacturing Co. moved its 

 New York headquarters, including its executive office, sales and 

 storerooms from 16 Warren street to 31 Warren street. While 

 the company remains in the same location, moving practically- 

 only across the street, the change means a great deal in the way 

 ot enlarged space and increased facilities. It was only a few 

 years ago that the company, finding its accommodations at that 

 time inadequate, moved to 16 Warren street with the expectation 

 that that spacious building would accommodate its growing 

 business in mechanical rubber goods for many years to come; 

 but the quarters, spacious as they appeared to be then, were 

 long since outgrown. At the new address, 31 Warren street, 

 the company occupies a large building that runs through from 

 Warren street to the next street, affording a great deal of addi- 

 tional room, excellent light and a large increase in facilities for 

 quick dispatch of business and efficient service generally. 



There is no better barometer of general manufacturing condi- 

 than active demand for mechanical rubber goods, and the 

 fact that the Peerless company has been obliged to look for 

 larger quarters indicates that there are a good many manufac- 

 turing plants at least that feel warranted in giving orders for 

 renewed equipment. 



CAPITAL STOCK INCREASES. 



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

 has increased its capital stock from $483,500 to $580,200, and 

 [ers will be permitted to subscribe for the new shares 

 t JO per cent, of their present holdings. The 

 proceeds of this $86,700 issue will be used for extensions, im- 

 provements and additional working capital. This company has 

 branches at Xew York. Philadelphia, Chicago. New Orleans and 

 San Francisco. Its officers are: President, James Boyd; vice- 

 president. T. Allen Hilles; secretary and treasurer, C. D. 

 Garretson. 



The Boss Rubber Co.. of Denver. Colorado, has recently re- 

 organized and increased its capitalization to $100,000. This 

 company was formed late in 1508, with a capital stock of $10.- 

 000, to distribute tires. The reorganization followed the retire- 

 ment of its president, John G. Boss. The present officers are: 

 S. Z. Silversparre, president; F. P. Lilley, vice-president; 

 Robert Rhea, secretary and treasurer. Branches have been 

 ilished at Tueblo, Colorado, and El Paso, Texas 



The Turner, Vaughn & Taylor G ei ineers and manufac- 

 turers of rubber manufacturing machinerj inds, have 

 increased their capital stock from $48,000 to $100,000 



ANNUAL STATEMENT OF THE HOOD RUBBER CO. 



( )n February 27 last the Hood Rubber Co., of Watertown, 

 Massachusetts, sold the balance of $200,000 of the authorized 

 issue in preferred stock, which was paid for in cash March 2, 

 making the total capital issue today as follows: Common, 

 £2,000,000; preferred, $2,500,000; total, $4,500,000. 



The annual statement, recently issued, shows the condition 

 <>f the company on December 31, 1914. The important items 

 are given in the condensed balance sheet shown below: 



CONDENSED BALANCE SHEET. 



December 31, 1914. 



Assets. 



Plant $2,275,000.00 



Merchandise 1,163,828.66 



Accounts Receivable 3,566,985.33 



Cash 209,766.10 



Investments in Other Corporations 226,568.00 



Patents 1,000.00 



$7,443,148.09 

 Liabilities. 



Capital Stock— Common $2,000,000.00 



—Preferred 2,300,000.00 



$4,300,000.00 



Notes Payable 1,975,000.00 



Surplus 1,168,148.09 



$7,443,148.09 

 JAC0BY CLUB. 



On the evening of Thursday, April 8. an entertainment for the 

 benefit of the Jacoby Club was held in Bates Hall, Y. M. C. A. 

 building, Boston. This club, founded by Ernest Jacoby, is of a 

 purely philanthropic character. As described by the founder, it 

 is "a club for men to help themselves, by helping others." Mr. 

 Jacoby, with the help of his efficient secretary, Mr. D. H. Mc- 

 Feeters, is doing an excellent and far-reaching work, with the 

 endorsement and co-operation of the best people of Boston. 



KING PRODUCTS. 



The King Rubber Co., of Hyde Park, Massachusetts, is spe- 

 cializing in a transparent nipple of pure gum, which has already 

 attracted considerable trade interest. Like all King products, 

 it is attractively put up. This company also makes an extensive 

 line of household and surgical gloves, guaranteed against oxida- 

 tion, the latter standing the highest sterilization test. 



RUBBER COMPANY DIVIDENDS. 



The McGraw Tire & Rubber Co., of East Palestine, Ohio, on 

 April 1 paid a regular quarterly dividend of tyt, per cent, on its 

 preferred stock. 



The United States Rubber Co. on April 1 declared a quarterly 

 dividend of 2 per cent, on its first preferred stock, a quarterly- 

 dividend of V/ 2 per cent, on its second preferred stock and a 

 quarterly dividend of \ l / 2 per cent, on common stock — payable 

 April 15. 



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

 a quarterly dividend of lji per cent, on the common stock of 

 the company, payable May 1 to stockholders of record on 

 April 15. 



The Firestone Tire & Rubber Co., of Akron, paid, April 15, 

 a regular quarterly dividend of l-}4 per cent, on its preferred stock 

 and a regular quarterly dividend of 3 per cent, on common stock. 



The Miller Rubber Co., of Akron, paid, April 20, a regular 

 quarterly dividend of 2 l / 2 per cent, on its common stock. 



The Swinehart Tire & Rubber Co., of Akron, paid, April 10, a 

 regular quarterly dividend of V/2 per cent. 



