The Archive · 1937

Rubber Quota Cut to 70 Per Cent

At ts meeting to-day the International Rubber Regulation Committee fixed the export quota of rubber for the first quarter of 1938 at 70 per cent. of standard production. The quota for the last quarter of 1037 was 50 per cent. The next meeting of the Committee will be held on Janvary 'On the eve of the most important mooting yet held by the International "Rubber Regulation Committee for some time, Mr. A. L. Viles, president of the New York Rubber Manufacturers' Association, informed Reuter in an interview today that he anticipated a large increase in the United States consumption of rubber, "Tam actually nervous about the possible rate of acceleration of demand," he added, Mr. Villes' belief is based on the Wr fact that there will be a recovery In the United States due to greater ce-operation between the Government and business, "What we are keen on is greater stability in the price of rubber," he said. "The Committee has already reduced stocks and produced supplies to meet a sudden increase in demand, and it is now up to the Committee fo prevent excessive fluctuations Jwhich are harmful to our business.'

In a leading article in the "Finan-'1a] Times," Mr. A. D. Money, chair

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

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