HIGH RUBBER PRICES

Nelson Evening Mail, Volume LVI, 31 December 1925, Page 5

HIGH RUBBER PRICES

VMERICAX RESENTMENT

,'By Electric Telegraph.—Copyright.) (Australian & N.Z. Cable Association)

WASHINGTON. Dec. 29.

Mr Hoover', interviewed, voiced an urgent plea, for the co-operation of the American people in Tlooverisiiig** rubber, lie declared the United Slates would be demanding eight dollars a bushel for wheat and 75 cents a pound for cotton if she followed the example of Britain in boosting the. prices of rubber. "Our job is to use. as little rubber as possible," Mr Hover declared. "T have-enlisted the supoprt of automobile makers and users in a campaign tc :e duce rubber..consumption. We are not it' the midst- of a genuine rubber famine, but .purely an artificial one. created by production restrictions for the pur pose of, advancing prices." He added that the plan included first lo discourage bankers to giv* American credit IVi support of I'tritish combinations; second. a systematic campaign of of rubber when prices arc extortionate : third, to stimulate the use of substitutes; fourth, to stimulate the production of rubber ig countries where price fixing is nol so likely: fifth, 1., in.slitute: properly controlled machinery to prevent. American rubber buyers 'com peting against, each other .