TRADE AND FINANCE.

Manawatu Standard, Volume XLV, Issue 193, 20 July 1925, Page 7

TRADE AND FINANCE.

RUBBER SHARES BOOM. LONDON, July IS. Features of the Stock Exchange during the past week have been the rubber shares boom and the marked strength of gilt-edged stocks, the latter, of course, being responsible for the decision to issue the Commonwealth's loan -forthwith.

The rubber boom on Monday produced the wildest- Stock Exchange scenes witnessed since the war, feverish buying being carried out without regard to price or the values of particular shares. This wild orgy received a check on Wednesday when, in consequence of a slight reaction in the price of raw rubber, tens of thousands of shares were rushed on the market. These, however, were soon absorbed and the market rallied. No real slump in these shores need be expected till the price of raw rubber drops considerably. . Hitherto the Government has refused to interfere in the Stevenson production control scheme, regarding the present fancy raw rubber prices as merely a temporary phase which will soon right itself. —A. and N.Z. cable. OBJECTION TO MONOPOLY. Received July 20. 10.50 a.m WASHINGTON. July 18. Representatives of the American Rubber Association waited on Mr Kellogg, asking him to intervene with the British Government to end London’s monopoly and the rapid increase in rubber prices. Mr Kellogg held out little hope of being able to do anything.—A and N.Z, Cable.