London, Mar. 31.
The rubber market received a further shock this morning at the report of the failure of a big Japanese dealer in Singapore.
Spot rubber fell 5d. per pound, but prices subsequently rallied partially on bear-covering.
The extent of the failure is estimated st £36,000, while the. amount of rubber involved is believed to be 3000 tons.
Some rubber traders believe that the tonnage involved in the failure has already been absorbed in Singa: pore, as there is no evidence, at pres ent, of any abnormal offerings from that quarter.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.