U. S. Rubber Statement

The improved financial position of the U. S. Rubber Co. is apparent from its recent statement for the six months ending June 30. Total sales of $87,710,205 were reported, a gain of $13,776,434 over sales for the first six months of 1922. Tire sales constituted only a third of this 1923 figure, and several conditions in that industry were reported as unsatisfactory. The long Winter, however, increased the sale of rubber footwear, while the industrial revival also aided sales of rubber mechanical goods.

Net income for the last reported six months totaled $7,743,346; subtracting interest of $3,170,485, a net profit of $4,572,861 was shown. After allowing for payment of the regular dividends in the preferred stock, the balance was sufficient to have paid $2.43 on each of the 810,000 shares of common stock. Actually, however, the common dividend was again passed, and this sum added to surplus, which now amounts to $33,894,867.