New York, Aug. 12. of the strong American nin the past to rubber schemes, considerable interest is attached to the interview which Reuter has had with Mr.
Henderson, the President of the New York Rubber Exchange.
The slump in the price of ruther, ever which American traders are greatly concerned, was discussed and Mr. Henderson said the world could afford to pay a fair price for a commodity as necessary as rubber and, in his opinion, any effort aimed at preserving the world's re-Guirements was justified.
The downward move in price was. continuing, ko added, not so much wing to the present' stock position bhut on account of the potential production as against the probable consumption during the balance of 1930.
He expressed the op jon that the United States woald not use over 420,000 tons of rubber in 1930, If this estimate is accurate mean an unprecedented wry-over on January 1, 1931.
The present trend of the market, said Mr, Henderson, would sooner or later correct the situation, but ing a the whole industry and he hoped means would be found to balance production with consumption Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.