Ahmedabad, May 6.
The cotton-spinners here have struck owing to the Arbitration Board not having reported by May 1 as was expected.—Reuter.
Rubber Contracts for 1922 It is a fact, reports the "L. & C. Express," that during the last few days contracts for rubber spread over the whole of 1922 have been entered into at 2s. 8d. per Ib, on godown, Singapore terms. The point is, however, that a great many companies would not sell at that price so far ahead. It is easy to grasp the significance of such contracts. The period 1921 to 1923 is likely to be a very interesting time for the rubber investor.
As far as it is possible to judge, there is every prospect that during these years consumption may outstrip demand. It seems, therefore, that the buyer, and not the seller, is likely to be the chief gainer by such contracts as those made for 1923,
Text read from the printed page and cleaned; old type leaves the occasional error.