London, Oct. 31.
It is officially announced that the percentage of the standard production of rubber which can be exported on the minimum duty from Ceylon, the Straits Settlements and the Malay States for the quarter beginning November 11, remains at 60.
Rubber stocks in London have risen to 58,423 tons owing to America at present taking very little rubber. "American banks have restricted credits for ribber purchases in view of the very heavy imports, totalling 190,000 tons for the first six months of the year.
Well-informed persons estimate the world's production for the current year at 360,000 tons, and the needs of the world, except America, at 120,000 tons, so that, in order to establish equilibrium on this basis, the total American consumption of rubber in 1923 will be 240,000 tons.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.