The decision of the International Rubber Regulation Committee leave the quota for the final quarter unchanged at 45 per cent. brought about a marked improvement sentiment in Mincing Lane yesterday, which even the overhanging political uncertainty fated to damp.
Buying orders began to flow immediately after the announcement was made and the consequent firmness of the market was further enhanced when sellers "adopted a markedly reserved attitude.
Buyers are now offering 8,4. per pound for "spot," while business was. done for April/June delivery up to '84d. per pound.
Leading rubber interests are of the opinion that any improvement in the Central European situation may well lead to carly attainment of a 9d, level.
The next meeting of the International Rubber Regulation Committee has been provisionally arranged to take place on November 15—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.