London, Nov. 20.
Mincing Lane presented a gloomy i as rubber sunk to the year. On all hands, brokers were heard complaining and demanding that the International Rubber Regulation Committee should decide on a drastic cut for the fi quarter of 1938 at their next meeting on November 30.
In view of the continuing decline in American activ the neral opinion seems to be that a seve per cent, quota is necessary to lift the market out of the doldrums and restore the price to a level, which will give a remunerative return to an efficient producer, and whatever wild, to-day's price is Meanwhile, the market is buzzing with rumours about the American delegation sailing from New York on the S.S. "Queen Mary" to attend the meeting of the Committee.
It is rumoured that the head of one of the biggest American tyre companies is on board, and many operators in the market are hinting that American manufacturers may press for a heavy cut in the quota as a means of restoring the price, thereby wiping out the large inventory lose: that they are at present showing The
Text read from the printed page and cleaned; old type leaves the occasional error.