After touching the new low record of 34d, to-day the price of rubber on the London market recovered one-sixteenth.
Rubber shares were weak, but little selling occurred, prices being' marked down as a precautionary The fall in the commodity price was due to the decision of the Dutch East Indies Government not to im: [pose curtailment of output. The price reached was the lowest touch-fed in the history of rubber produe~ tion.
'Although opinions differ on the' subject there is, in some quarters of Mincing Lane, a feeling of relief rather than despondency concerning, the statement about the attitude of the Dutch Authorities.
According to some rationalization must now follow and amalgamations and ce-operative arrangements are expected.—Wireless.
Paris, Sept. 9. ut is giving favour jo consideration to the introduetion of a duty on rubber, in order to protect the production from Indo-China against foreign competition. however, are opposed to on foreign rubber, pointing out that ft would increase domestic prices and reduce their turnover.
On the other hand rubber producers and planters point out that such a duty would hit foreign tyres sported into France to the extent of the rubber they contained, and the interests of the mant would be respected.
The French rubber manufacturing industry is highly prosperous present, but it is hardly likely that will reap any advantages through French planters selling at a loss.
The authorities will have to consider whether they are prepared to see young plantations disappear which have cost hundreds of lions of francs and which furnish a product necessary to the financial autonomy of the country and nae
Text read from the printed page and cleaned; old type leaves the occasional error.