New York, Jan, 8.
Most of the leading articles in the press dealing with yesterday's proceedings of the House of Representatives Committee investigating rubber prices are take a semi-humorous view of the plight of American rubber interests.
The "New York World" suggests that Mr. Hoover himself is mainly responsible for starting talk of retaliation, which he now deprecates. The paper accuses Mr. Hoover of ignoring the fact that the price of rubber is as high in Britain as else where.
The "New York Times" protests against "the glaring inconsistency of the American Government protesting against other countries fostering monopolies and maintain ing high prices," in view of the similar effects of high tariffs in America, The paper recalls the fact that American wheat growers and Cuban sugar planters have been officially advised to restrict produc tion so as to maintain prices, New Scheme to Assure Public a Reasonable Price Jan, 12.
The National Automobile Chamber of Commerce has authorized an apion of $10,000,000 "to assure the public and the motor manufacturers of an adequate, supply of ribber at reasonable price: A committee has been appointed to organize work and apply for a charter. Several of the largest companies have announced their readiness to take up an allotment of stock.
Mr. Leeves, General Manager of the Chamber, has stated that it was Hikely that small producers of rabber in far corners of the world, who we not held by the British "monopoly would sell thely rubber if they were assured of a centralized shipping point where the material could be pooled, Rubber Plan for Jan, 13, The Rubber Association of America ig considering a proposal to ear-mark $1,000,000 annually for five years to plant rubber trees in the Philippines or Sumatr:
Text read from the printed page and cleaned; old type leaves the occasional error.