Osaka, Aug. 4.
A meeting of tyre and tube manufacturers was held at the Public Hall recently to consider what effect was produced by the advance in the price of rubber goods and the question of a further increase in pric The meeting decided not to increase the ce of rubber goods but to strictly a yere to the present price level for the following reasons:—
(A) There are fairly large stocks of rubber goods manufactured from the raw material purchased prior to the soaring of the cost of the raw material.
(B) The raw material cost of the present stock of rubber goods averages about Y.1.60 per Ib, whereas the present price of crude rubber is approximately,,¥.2.00 per Ib.
Tt was also agreed not to enforce organized curtailment of operations the ground that there is a voluntary reduction of work to the extent of 70 per cent. of capacity.
Last May the price of tyre was advanced 0 per cent. and that of tube 50 per cent. A further rise of 60 per cent. was decided on June 22
Rubber, Ribbed, Smoked Sheet. f.a.q., was quoted in Kobe in September last at ¥.0.71 per Ib., in Decem-_ ber ¥.1.005, in May ¥.1.51, in June! Y.1.85 and. July Y.2,68—Reuter's Facifie Service,
Text read from the printed page and cleaned; old type leaves the occasional error.