quotas London, Mar. 16.
Permissible exports of rubber for the second half of 1937 were fixed at 80 per cent. by the International Rubber Regulation Committee to-day.
Speculators here were encouraged by. the Committee's decision and forced up the price of rubber by sd. a lb, with "spot" quoted at 12%.
Optimism was based on the view that' the Committee, by not altering the second quarter' quota, virtually confess their Inability to deal with the existing tight spot situation. Moreover, the larger supplies ays able from the 90 per cent. quota only reach Europe in August.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.