PRICE OF RUBBER.

Hawera Star, Volume XLV, 9 July 1925, Page 9

PRICE OF RUBBER.

SENSATIONAL RISE. U.S. MANUFACTURERS CAUGHT. KEEN COMPETITION RESULTS. BY CABLE—PRESS ASSOCIATION—COPYRIGHT Received July 9, 2.10 p.m. LONDON, July S. There has been a sensational advance to 8s 9d in the price of spot rubber. This is the highest quotation for nine years. The strong demand is due to the" activity of American manufacturers, who had been working on ilow stocks in the hope that there would be a reaction in quotations. Buyers are now competing keenly for even the lowest grades. The rise in price will result in the increased release of rubber during August under the output restriction scheme. The Daily Express calculates that the increased prices the American users are now paying to British producers are almost enough to „pav the current intalment s o H the war debt to America, A year ago rubber was under eleven pence, hut the Americans refused to buv, hoping to break up the Stevenson restriction scheme when things were at their worst. The turn came as the result of the demand for motor tyres. — A. and N.Z. Cable Asns.