Mr. Hoover's View of Consequence of British Reduction Washington, Jan. 19.
In the course of discussions by the House of Representatives Judiciary Committee on a Bill to permit collective purchasing by American combines of rubber, potash, and sisal, the Secretary of Commerce, Mr. Hoover, to-day declared that, as result of the British rubber mon-opely, American tyre purchasers had lost millions of dollars, and alleged that Britain's reduction. of rubber production had kept the the world near a buying panic and vided had at times lifted the price beyond More Rumours heading "Canard Week' in Rubber," says, "the rumour ing that heralds, new rubber restriction quarters has assumed on this occasion-the forms. of reduction or abolition of the votal price, both of whilie ideas are completely discredited in responsible quarters."
The journal expresses the opinion that restriction cannot be ended, except when the exportable quota is 100 per cent. of standard production, Another rubber amalgamation is nounced, namely, British Rubber states Java Limited, the Waverley Plantations Lal, the Toegoesari Rubber and Coffee Estates Ld. and the Tybar (Java) Plantations Ld., owning estates mainly vested in Dutch Companies and covering a total area of about 32,000 acres. The age: gate capital is likely to approximate
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