The Archive · 1937

British Rubber Stocks Higher

London, July 26.

Stocks of rubber in Great Britain fon July 24 were estimated at 41,782 tons, showing an increase of 137 tons over the previous week, London silver at 20% and 20% showed a rise of sh spot, %.forward.

was reported that' India and speculators bought. China sold and the market was steady. After the official fixing the market ruled dull with small sellers at yy under the fixed quotation. New York 44% was unchanged whilst Bombay 52.01 showed a rise of 4 annas, The local interbank exchange market opened yesterday morning with sellers" of sterling 1/2%, U.S$20}}, and Yen 101%. Forward rates reflected the nervous feeling in the North and although erratic. in. the morning steadied slightly in the afternoon. At the close in the evering the market was steadier, quotations remaining unchanged.

"The stock of rubber in London totalled 21,746 tons, showing an increase of 80 tons, while the stock at Liverpool was listed at 20,036 tons, Fepresenting an increase of 87 tons.

British rubber deliveries during the week totalled 1,165 tons. compared with 1,915 tons during. the previous week, Deliveries in London during this period totalled 705" tons, compared with 831 tons during the previous week—a decrease of 126 tons, Liverpool deliveries, with a total of 460 tons, revealed' a decrease of 624 tons from the previous week—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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