TO CONSERVE RUBBESR

Feilding Star, Volume 3, Issue 554, 31 December 1925, Page 5

TO CONSERVE RUBBESR

MR HOOVER ’S APPEAL. TO AM Kill CAN PEOPLE. TO OFFSET "FAMINE” PRICES. By Telegraph-Press Assn—Copyright (Aust. and N.Z. Cable). Washington, December 20. Air Herbert Hoover, in an interview, voiced an urgent plea lor the co-operation of American people in “Hooverising” rubber. He declared that the United States would be demanding 8 dollars a bushel lor wheat and 75 cents a pound for cotton if it followed the example of Britain in boosting the prices of rubber. “Our job is to use as little rubber as possible,” Mr Hoover declared. “1 have enlisted the support of automobile makers and users in si campaign to reduce, rubber consumption. We are not in the rnidsl of a genuine rubber famine, hut a purely artificial one created by production restrictions for the purpose' of advancing prices.” Mr Hoover added that the plan included first to discourage bankers to give American credit lor the support of British combinations; second, a systematic campaign of conservation of rubber when prices were extortionate; third, to stimulate the use of substitutes; lourth. to stimulate the producion of rubber in countries where price fixing is not so likely; and fifth, to institute properly controlled machinery to prevent American rubber buyers competing against each other.