The output of dry rubber from the Ayer Tawah estate for May was 24,263 It. came in' at 7}d. showing a drop of td. on the previous day's quotation, while New York reported 14 cents, which is $ cent down. There is said to be heavy liquidation in both markets, owing to the apparent failure of the contemplated restriction scheme in conjunction with the Dutch Indies. The local market has responded to the downward move to a certain extent, but values are still above the parity of the consuming markets.
At to-day's auction all values showed a, decline of to Y cent on the week. The demand was good, owing to the covering of short sales, and sellers were willing to part with their holdings, which resulted in a quick sale. 606 tons were offered and 465 tons changed hands.
Awarded Singapore standard standard ribbed smoked sheet sold at 24} cents, which is 1 cent down; one lot fetched 24 cents only. Sheet equal to standard and good lots of F. A. Q. sheets were- in good demand; a few lots of the former grade even realized 24} cents. Off quality sheet was shown. a fair amount of interest. Singapore standard Ist latex and crepe equal to standard were wanted, and fetched the above prices, which show a decline of 1 to 1} cents. Off colour latex was—in good demand. Fine brown, dark and barky crepes sold at very fair prices.
Text read from the printed page and cleaned; old type leaves the occasional error.