The Archive · 1928

Excitement and Uncertainty

Apr. 5, There was excitement and uncertainty on the Rubber Exchange in Mineing Lane to-day. Early in the day transactions showed a further fall, the price for "spot" rubber: dropping from 108d. per Ib. last lits losing figure, to Old. per Contrasted with yesterday's price of 1/0-id., rubber is now at 9-34. pet Ib,, the lowest level since 1922, when the price touched 6d. per Ib.

To-day's relapse is duo partly to lower prices at the close in New York and partly to liquidation of speculative commitments.

The market is nervous. Settled conditions are not expected for a considerable time and lower prices are predicted.

Plantation shares slumped 1/6 to 2/-, but speculation has been reduced to a minimum and there is no reason to. fear unfavourable financial developments as a result of the present weakness,

Text read from the printed page and cleaned; old type leaves the occasional error.

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