Word: rubbered
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Dates: during 1930-1939
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...rubber company standing to profit most by bigger quotas is U. S. Rubber Co., which gets one quarter of its annual needs from its own plantations. Since its acres are in Sumatra (Dutch) and Malaya (British), U. S. Rubber has to submit with good grace to all of the I. R. R. C.'s schemes. No. 1 manufacturer in the industry-Goodyear-gets only 10% of its supply from Goodyear-owned plantations. Firestone's Liberian acres furnish only 5% of the company's requirements and Goodrich owns no plantations...
...Rubber's stockholders early this month President Francis Breese Davis Jr. reported that their 76,563 acres of cultivated Sumatran and Malayan rubber trees last year yielded 42,185,000 Ib. of caoutchouc, earned $1,943,790 profit, twice the 1935 figure. More interesting to preferred stockholders, who have had no dividends for nine years* was the parent company's report. Net income for 1936 was $10,172,000, compared with 36,532,000 the year before. But the stockholders can hope for no dividends until U. S. Rubber Co.'s accumulated deficit is wiped out. Even...
...story behind that reduction is the story of Francis Davis' stewardship of U. S. for the past eight years. In 1927 the du Fonts bought control of U. S. Rubber, plucked Francis Davis from the presidency of a du Pont subsidiary (Viscoloid), told him to salvage what had been the No.1 U. S. rubber company as late as 1925. Whittling the company's debt of $81,000,000 to $53,233,000, Rubberman Davis consolidated operations, modernized tire-making methods, pushed other rubber products, went in for Lastex, a patented, elastic spun yarn which is knitted or woven...
Worthy as was U. S. Rubber Co.'s progress in 1936, Goodyear's was even better. Profits last year were $10,831,000, compared with $5,452,000 in 1935. Old Harvey Samuel Firestone's sound Firestone Tire & Rubber Co. earned $9,142,000 for its fiscal year ending last October, its best year since 1927. No. 4 Rubber company is B. F. Goodrich Co., which last year earned $7,319,000, compared with $3.429,000 the previous year...
...Rubber's Big Four annually make 91% of all the tires for U. S. automobiles. William Francis O'Neil's General Tire & Rubber Co. makes another 5%, with Lee, Dayton, Fisk, Seiberling, Mansfield and Pharis splitting the remainder. Total number of tires sold in 1936 was 58,000,000, compared with a high of 72,000,000 in 1928. Tires now last at least 20,000 mi. instead of the 8,000 mi. they were good for 15 years ago, but more cars and more mileage per car per year have complemented technological improvements. Current competition...