The report, declares that if these recommendations are carried out, the number of sellers within will be reduced immedi ately by 90 per cent, "From the experience gained in ud the confidence engendered by the practical working of this scheme," the report continues, "an ever-increasing measure of coordination may develop, which may well ultimately lead to the complete fusion of all groups into one selling unit,"
The report recommends the Association to establish an adequately, equipped and staffed commercial re-arch department, in charge of a qualified man, which will assume sponsibility for all the statistical view and develop it on lines move comprehensive than hitherto. attempted. It will endeavour to col-ect and collate all facts and figures relating to the production—and absorption of rubber and will continuously study all economic factors affecting the rubber industry. This department will work—under the direction of a committee pointed by, and responsible to, the Council of the Association.
The Ca-operative Selling Committee is of the opinion that there is nothing inimical to rubber pre ducers in forward selling. The time when such sales should be made and the terms of them are matters of judgment, Forward sales at unspecified, or at a contingent price, best' avoided. To the extent these ave practised, a vested interest is created for the depres sion of price:
'The Council of the Rubber Growors' Association has requested the Committee to endeavour, at the earliest possible date, to bring about a complete fusion of all the groups into one selifng unit and to formulate plans whereby finance up to an agreed figure per pound of rubber lodged for sale may be made available to all companies joining the scheme.—Reuter, SAN Francisco, Nov. 20.—Trans-Amerien Corpo nounced an extension of time by' which stockholders will be permitted to subscribe to the now 1,000,000- share issue up to Mazch 5 next—United Press.
New York, Noy. 20—An_announcement by the New York Stock Exchange to-day said that the total market value of all listed stocks had declined since October by G.$15,820,779,015 to a total value of $71,752,650,008. Total borrowings of the Exchange against Exchange collateral amount to 8.51 per cent; of the market value of all stocks Usted as-of the date of calculation, United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.