London, Sept. 19. Stocks of rubber in Great Britain on September 17 were estimated at 99,459 tons, showing a decrease of 76 tons from the previous week. The stock of rubber in London on September 17 totalled 64,735 tons, showing a decrease of 479 tons, while the stock at Liverpool was listed at 34,722 tons, representing an increase of 403 tons.
British rubber deliveries during this period totalled 1,696 tons, compared with 2,056 tons during the previous week. Deliveries in London during this period totalled 1,292 tons, compared with 1,638 tons during the previous week—a decrease of 346 tons. Liverpool deliveries, with a total of 404 tons, revealed a decrease of 14 tons from the previous week.—Reuter.
A continual fall in the price of rubber for the first 9 months of our financial year from a level of 36 cents at the beginning of July to as low as 16 cents at the beginning of April, has made this a difficult year. From this date there was a steady improvement until the end of the financial year which saw the price at 24 vents. Some further improvement has since taken place, but until the European political situation clarifies itself and there is a sustained improvement in conditions in America, I feel the future must be viewed with restrained optimism.
The estate produced, during the year under review, 458,500 Ibs. at an average price, excluding replanting expenses of 19.57 cents, or 548d, which shows a slight improvement on the previous year, while the average 645d, for the, 402,366 Ibs. sold, against a price of 3085 cents or price realized was 2305 cents or 84d, for the year ending June 30, 1937.
Text read from the printed page and cleaned; old type leaves the occasional error.