The market generally received Mr. Baldwin's rubber announcement calmly, Prices plunged downwards but Inter recovered to about 34 cents. There was a fair amount of selling. easier afternoon.
The local rubber market had an
the interest being in "nears.
The Singapore "Free Press, which has been consistently against eatriction, welcomes the abolition of restriction, but criticizes the short notice given.
The "Straits Times," which has always bern in favour of restriction, in not pessimistic and points out that leaders in the intlustry must now set their own house in order.
The paper expresses the hope that will be possible to ce-operate with Dutch growers The "Malayn Tribune" welcomes tha decision to abolish restriction ax being the only way out of the difficulty, "Tt urges ce-operation of fall British rubber interests in order to be able to bargain effectively with the Dutch and Americans 30 as to work out a polley of properly protecting the world rubber, in-
Everyone ts discussing the Gov-orament's decision regarding: rubber restriction, All rubber interests are considering action to meet the enerally anticipated slump. General surprise is expressed at the short ress of the interim period, but there has been no panic on the market, Which opened' 14 ents. below the previous day's price of 48 cents (Straits) per Ib, and closed at 32-4 cents for, "spot." The tone of the market is uncertain, Some authorities express the opinion that a number of the amaher estates will close down, oF merge with the large companies, many concerns will be hard Brialy, it is thought to be a case of survival of the fittest Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.