RUBBER PRICE FALLS
SALES AT SINGAPORE (Rec. 7 p.m.) SINGAPORE, May 10. Rubber slumped eight cents pn the Singapore market to-day and reached levels obtaining before the outbreak of the Korean war. To-day’s closing price was 84 cents. The fall was partly attributed to selling by weak holders. Market quarters estimated that the sensational fall in prices during the last eight days represened a drop on an annual basis of approximately 290.000.000 Straits dollars (about £34,000.000) in the Federation Government's revenue.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19520512.2.67
Bibliographic details
Press, Volume LXXXVIII, Issue 26728, 12 May 1952, Page 7
Word Count
81RUBBER PRICE FALLS Press, Volume LXXXVIII, Issue 26728, 12 May 1952, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in