Some Authorities View the Outlook in Apprehension The more cheerful feeling that developed in rubber shares last week is still there, but it remains a very tender and delicate plant. The courage and confidence necessary to start a buying movement is still lacking. American news about the motor manufacturing dustry taking on more men encouraged the optimists, and some little improvement in the price of rubber ensued. Obviously a country with some thirty million cers of all sorts on the the road is bound to consume huge quantities of rubber for tyres alone, but if the manufacturers elect to draw on their Stocks and to keep out of the market. for the raw material even for only a month or two, the effect on the price of the product may be catastrophic, especially in a nervous market, States "Truth."
Something to that kind is happening now, and although the policy may be short-sighted it is a fact that has to be faced by the producers who require a minimum price of 91d. per lb. to pay their way and return a moderate rate of interest on the capital sunk in the industry, In view of the current price around. 7d, and the very palpable business recession in the U.S., some of the rubber market authorities both here and across the Atlantic view the outlook with considerable apprehension. Briefly, they visualize a further fall in price unless drastic steps are taken, and taken promptly, to stop the rot,
Text read from the printed page and cleaned; old type leaves the occasional error.