London, Sept. 5. Business in the London, rubber market was small today, with steady conditions prevailing.
London Rubber: Spot, buyers 12!) -+y sellers Yi October delivery.
buyers Ait sellers 1244 Liverpool Cotton: American futures:
Oct. 7.76—4: Jan. 744—4: Mar. 7.21
May 705—3; Egyptian Futures (Giza, F.G.F. No. 7) No. 2 contract Nov. 1258—5: Jan. 11.83—5: Mar. 1148—3; May 1122 43:
London Metals: Tin. Standard cash, middle price £255! 3 mths.
iddio price £ ter Mythical German View Of Coming Eldorado A glimpse of the coming Eldorado off the gold standard is afforded by Karl Megerle, one of the mouthpieces of the German Foreign Office. in his newspaper the "Berliner Bórsen Zeitung, states "The Times.
Germany, he writes, will contr bute to the new order peace, security, and protection against intervention by non-European forces. She will remove the rivalry among the Great Powers which has caused so much suffering to the smaller European States. France, as a centre of gravity for alliances and political intrigues, disappears. She wil no longer be the bridgehead of the last and most valuable sword of Great Britain in Europe. England's influence on European destinies has already been eliminated. The further course of the war will ensure that Britain finally accepts this fact The alliance of the Axis Powers and the clear understanding between the Reich and Russia about their spheres of influence complete the possibility of a new political Organization of Europe excluding all rivalry between Great Powers. In the coming sphere Germany offers as her contribution valuable markets. just prices, stable currency. safeguards against economic crises, and an economic system free from capitalist domination. In this economic system every State can take part, whether it is large or small, whether it possesses little or much capital, whether it is agrarian or industrial. Every State can take part on a basis of equality, because this system accepts as fundamental facts labour, efficiency, and production, instead of possession of gold and capital. Capitalist exploitation of the weak by the strong is thus excluded.
But, Megerle adds, Germany does not intend to impose on other peoples her ideology or social structure Singapore Weekly Rubber Report Singapore, Aug. 22.
The Singapore market remains quiet but steady, and London is dull, owing to lack of interest.
The most interesting news from New York is that the Rubber Reserve Ca. (which has bees formed for the purpose of building up rubber reserve stocks) announces that it has agreed to purchase 180,000 tons during 1911 at 17 to 18% U.S. cents per Ib.. fo. This is in addition to the 150,000 tons already agreed upon, to which must be added 85,000 tons of Barter Rubber.
Latest quotations to hand are as follows:—
Spot, 3712, cents, unchanged.
Kew york uss USA.
ondon 12%4d., down ad. cents, down U.S.A. cent.
The following are details of American statistics for last month (in tons):—July June July 1040 1940 1939
Stocks on last day of month 190,200 168,200 174,200 Afloat on last day Consumption 47,000 46500 43900 of month 139,600 119,100 53,000
Consumption of Re-Claimed Rubber 14.300 15,800 13,500
At the auctions held yesterday there was a good demand for all grades. Of 1,036 tons catalogued, 957 tons were offered and 687 tons sold.
The following is the course of values:—In Singapore per Ib.
Ribbed Smoked Sheet:—Standard Quality Good average quality Fair average quality Sheet Cuttings Standard and slightly Crepe:—7 inferior off-Colour Latex Leun Brown and Brown (Clean)
Milling Grades:—Cupwashings and skimmings Tree Scrap Brown and Dark Crepe Barx Crepe' (Earth Rubber) Virgin Lump
Text read from the printed page and cleaned; old type leaves the occasional error.